Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h −0.022%

Price spread now: StandX against Bybit−0.071%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$250.251% of the position

Long on Bybit Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.049%−$5 on $10k

Price spread, last 7 days+0.066%+$7 · spread now −0.071%, 7d avg −0.005%

Together, before fees+0.017%+ Points / potential airdropStandX: Active · farm board+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. StandX is 0.065% cheaper against Bybit than usual: you would sell low and buy high (spread −0.071% now, against its 7-day average of −0.005%). If the spread goes back, that is −$7 on $10k: about 5.4 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XAUUSDT	4,366.7	0	get 0.0000% / 4h	1h 04m	$82.9M	$141.8M	150x
Short	StandX XAU-USD	4,363.6	0.0040	get 0.0005% / 1h	4m 52s	$3.8M	$4.7M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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

Position, each leg$Hold fordaysFee BybitbpFee StandXbpOrdersPrice spread, now −0.071%Rate

Funding earned: $8.4
Price spread: −0.071% → −0.005%: −$6.53
Slippage, 4 orders: −$6.09
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee StandX: 4 bp × 2 orders: −$8
Net: −$23.22
Costs to cover: 0.251%
Break-even: 26.4 days

Slippage from Bybit: live order book, 9 min ago; StandX: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 9 min ago	0.01 bp	5.5 bp −$6	7.0 bp −$70	11.0 bp −$1,095	32.4 bp −$16.2K
Sell StandX live order book, 4 min ago	1.03 bp	5.2 bp −$5	5.5 bp −$55	8.7 bp −$871	11.9 bp −$5,943

XAU on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_XAUUSD	−0.0174%	1h	4,362.6	−0.094%	$602K	$139K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,366.5	−0.004%	$71.5M	$233.3M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,365.5	−0.028%	$409.8M	$2.09B	100x	as long as short
Bybit XAUUSDTlong	0.0000%	4h	4,366.7	long leg	$82.9M	$141.8M	150x
RISEx XAU/USDC	0.0000%	1h	4,364.9	−0.040%	$3.4M	$12.4M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,366.7	−0.001%	$269.3M	$412.2M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,365.2	−0.034%	$377.2M	$354.6M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,365.6	−0.024%	$67.4M	$110.1M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,364.1	−0.058%	$48.5M	$31.2M	—	as long as short
GRVT XAU_USDT_Perp	0.0000%	4h	4,362.8	−0.089%	$1.4M	$3.1M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXGOLDPERP	0.0000%	24h	4,363.3	−0.077%	$4.0M	$34.6M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,369.2	+0.058%	$93K	$10.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,362.2	−0.104%	$268K	—	250x	as long as short
QFEX GOLD-USD	+0.0002%	1h	4,363.4	−0.075%	$5.6M	$1.7M	20x	as long as short
edgeX XAUUSDC	+0.0011%	4h	4,358.9	−0.177%	$30.3M	$58.0M	50x	as long as short
tradeXYZ xyz:GOLD	+0.0017%	1h	4,360.9	−0.132%	$293.4M	$52.7M	25x	as long as short
Lighter XAU	+0.0032%	1h	4,365	−0.038%	$20.9M	$44.7M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,367.3	+0.014%	$20.3M	$42.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,362.3	−0.099%	$13.1M	$46.3M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.372%	$619	$54	52x	as long as short
StandX XAU-USDshort	+0.0040%	1h	4,363.6	−0.071%	$3.8M	$4.7M	40x
Vest GC-PERP	+0.0046%	1h	4,399.9	+0.761%	—	$1.0M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,363	−0.084%	$4.3M	$1.7M	20x	as long as short
Paradex XAU-USD-PERP	+0.0050%	8h	4,364.7	−0.045%	$19K	$6K	5x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,361.5	−0.119%	$14.4M	$55.6M	25x	as long as short
Hotstuff GOLD-PERP	+0.0080%	1h	4,360.5	−0.142%	$33K	—	25x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,364.2	−0.057%	$162K	$87	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0094%	1h	4,364.1	−0.059%	$235K	$734K	25x	as long as short
Bullet GOLD-USD	+0.0098%	1h	4,365.1	−0.036%	$60K	$85K	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,361.9	−0.110%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,361.6	−0.116%	$274K	$199K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,357.4	−0.213%	$26K	$21K	20x	as long as short
Phoenix GOLD	+0.0109%	1h	4,361.7	−0.114%	$48K	$65K	25x	as long as short
HTX XAU-USDT	+0.0109%	4h	4,368.1	+0.033%	$2.8M	$3.8M	75x	as long as short
OKX XAU-USDT-SWAP	+0.0157%	8h	4,366.7	0.000%	$158.3M	$270.1M	100x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0208%	1h	4,360.9	−0.132%	$2.0M	$5.1M	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,365	−0.038%	$14.8M	$4.3M	100x	as long as short
Phemex XAUUSDT	+0.0275%	4h	4,365.1	−0.036%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,365	−0.038%	$252K	—	111x	as long as short