Settings8H · net · $10k
Funding arb · Price arb /

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h −0.019%
Price spread now: Ondo Perps against Bybit−0.158%57s7-day average −0.152% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.061%−$6 on $10k
Price spread, last 7 days+0.011%+$1 · spread now −0.158%, 7d avg −0.152%
Together, before fees−0.050%+ Points / potential airdropOndo Perps: Active · farm board−$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.152%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.061%, so the current rate has only just turned in your favour. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit XAUUSDT4,323.80.0010pay 0.0005% / 4h1h 49m$77.4M$157.4M150x
ShortOndo Perps XAU-USD.P4,3170.0050get 0.0006% / 1h49m 43s$15.0M$55.8M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against Bybit. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$8.4
Price spread: −0.158% → −0.152%
−$0.57
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$8.17
Costs to cover
0.160%
Break-even
13.8 days
Slippage unknown: Bybit: live order book, 4 min ago; Ondo Perps: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 4 min ago0.01 bp5.6 bp −$67.0 bp −$7010.4 bp −$1,03831.1 bp −$15.6K
Sell Ondo Perps no order-book sample
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XAU on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin GOLD-PERP−0.0050%1h4,314.5−0.215%$25K$14K20xas long as short
SunX XAU-USDT0.0000%4h4,325.2+0.033%$92K$8.0M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,317.2−0.152%$270K250xas long as short
Bybit XAUUSDTlong+0.0010%4h4,323.8long leg$77.4M$157.4M150x
Extended XAU-USD+0.0032%1h4,317.9−0.137%$13.2M$36.7M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.616%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,322.3−0.034%$3.8M$4.5M40xas long as short
QFEX GOLD-USD+0.0042%1h4,319.4−0.101%$5.4M$2.1M20xas long as short
Vest GC-PERP+0.0046%1h4,353.7+0.692%$1.0M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,319−0.110%$291.4M$51.7M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps XAU-USD.Pshort+0.0050%1h4,317−0.158%$15.0M$55.8M25x
Lighter XAU+0.0056%1h4,321.9−0.044%$20.3M$30.2M25xas long as short
Hotstuff GOLD-PERP+0.0064%1h4,319.8−0.092%$32K25xas long as short
Kalshi KXGOLDPERP+0.0069%24h4,322.6−0.027%$3.9M$43.0M15xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,317.9−0.136%$2.1M$4.9M25xas long as short
Paradex XAU-USD-PERP+0.0073%8h4,322.8−0.023%$19K$5K5xas long as short
GRVT XAU_USDT_Perp+0.0080%4h4,323.7−0.001%$1.4M$3.0M25xas long as short
Aster XAUUSD1+0.0081%4h4,323.2−0.013%$72.4M$312.4M20xas long as short
Gate XAU_USDT+0.0082%4h4,324.8+0.024%$277.2M$408.9M100xas long as short
Variational Omni XAU+0.0093%4h4,320.2−0.082%$47.3M$29.3Mas long as short
Phoenix GOLD+0.0100%1h4,320.2−0.083%$47K$79K25xas long as short
Pacifica XAU+0.0100%1h4,319.2−0.107%$1.4M$1.2M10xas long as short
MEXC XAU_USDT+0.0100%4h4,322.8−0.023%$360.4M$325.8M1000xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,319.8−0.092%$272K$208K50xas long as short
Binance XAUUSDT+0.0101%4h4,322.8−0.023%$415.2M$2.14B100xas long as short
Lighter RH XAU+0.0104%1h4,324.3+0.013%$19.8M$38.4M25xas long as short
Aevo XAU-PERP+0.0104%1h4,320.8−0.068%$160K$8710xas long as short
edgeX XAUUSDC+0.0105%4h4,319.3−0.104%$30.1M$60.8M50xas long as short
Kraken Futures PF_XAUUSD+0.0154%1h4,318.5−0.121%$588K$131K25xas long as short
RISEx XAU/USDC+0.0184%1h4,322.6−0.026%$4.2M$12.8M25xas long as short
Bullet GOLD-USD+0.0201%1h4,321.6−0.051%$59K$81K10xas long as short
HTX XAU-USDT+0.0215%4h4,325.4+0.039%$2.8M$5.0M75xas long as short
Polymarket Perps GOLD-USD+0.0218%1h4,321.6−0.050%$4.2M$1.9M20xas long as short
Bitget XAUUSDT+0.0236%4h4,323.1−0.017%$68.0M$119.2M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0283%1h4,320.3−0.080%$193K$830K25xas long as short
OKX XAU-USDT-SWAP+0.0316%8h4,323.6−0.004%$170.3M$296.6M100xas long as short
BloFin XAU-USDT+0.0340%4h4,322.3−0.035%$16.1M$4.4M100xas long as short
Phemex XAUUSDT+0.0409%4h4,324.3+0.013%$2.2M$962K100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0463% / S −0.0307%1h4,321.4−0.054%$252K111xas long as short