Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0066%/8h= −7.2% APRpaid last 24h −0.012%

Price spread now: tradeXYZ against Bybit−0.090%7-day average −0.110% · 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−$27as in the Price arb table

costs, in and out, $10k−$290.293% of the position

Long on Bybit Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 7 days+0.020%+$2 · spread now −0.090%, 7d avg −0.110%

Together, before fees+0.016%+ Points / potential airdroptradeXYZ: Active · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.110%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XAUUSDT	4,324.3	0.0116	pay 0.0058% / 4h	2h 15m	$80.6M	$170.9M	150x
Short	tradeXYZ xyz:GOLD	4,320.4	0.0050	get 0.0006% / 1h	15m 18s	$291.7M	$52.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.090%Rate

Funding earned: −$13.81
Price spread: −0.090% → −0.110%: $1.98
Slippage, 4 orders: −$0.26
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$41.09
Costs to cover: 0.293%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; tradeXYZ: live order book, 8 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, 2 min ago	0.01 bp	5.5 bp −$6	6.7 bp −$67	12.9 bp −$1,292	41.6 bp −$20.8K
Sell tradeXYZ live order book, 8 min ago	0.12 bp	9.1 bp −$9	9.2 bp −$92	11.2 bp −$1,123	doesn't fit

XAU on 39 exchanges

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
SunX XAU-USDT	0.0000%	4h	4,326.3	+0.046%	$92K	$6.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,318.9	−0.126%	$274K	—	250x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0024%	1h	4,316.3	−0.185%	$2.0M	$5.1M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.604%	$619	$54	52x	as long as short
QFEX GOLD-USD	+0.0038%	1h	4,322.8	−0.035%	$6.7M	$3.2M	20x	as long as short
Hotstuff GOLD-PERP	+0.0040%	1h	4,320.9	−0.079%	$32K	—	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,323.1	−0.028%	$3.8M	$4.5M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,356.3	+0.740%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLDshort	+0.0050%	1h	4,320.4	−0.090%	$291.7M	$52.7M	25x
Ondo Perps XAU-USD.P	+0.0050%	1h	4,320.3	−0.093%	$15.0M	$57.5M	25x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XAU-USD-PERP	+0.0055%	8h	4,323.4	−0.020%	$2K	$13K	5x	as long as short
RISEx XAU/USDC	+0.0056%	1h	4,324.5	+0.005%	$4.7M	$13.5M	25x	as long as short
Aster XAUUSD1	+0.0069%	4h	4,325.3	+0.024%	$73.6M	$274.4M	20x	as long as short
Phoenix GOLD	+0.0076%	1h	4,318.8	−0.127%	$43K	$72K	25x	as long as short
Gate XAU_USDT	+0.0086%	4h	4,325.4	+0.026%	$300.7M	$445.3M	100x	as long as short
Variational Omni XAU	+0.0090%	4h	4,322.8	−0.035%	$47.1M	$29.3M	—	as long as short
Lighter XAU	+0.0096%	1h	4,323.2	−0.026%	$20.2M	$30.0M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,319.7	−0.107%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,319.4	−0.114%	$283K	$223K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,317.9	−0.149%	$25K	$1K	20x	as long as short
MEXC XAU_USDT	+0.0112%	4h	4,323.5	−0.019%	$359.0M	$360.3M	1000x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,322.6	−0.039%	$160K	$87	10x	as long as short
Binance XAUUSDT	+0.0113%	4h	4,323.3	−0.022%	$440.3M	$2.37B	100x	as long as short
GRVT XAU_USDT_Perp	+0.0114%	4h	4,321.4	−0.068%	$1.4M	$3.0M	25x	as long as short
Bybit XAUUSDTlong	+0.0116%	4h	4,324.3	long leg	$80.6M	$170.9M	150x
edgeX XAUUSDC	+0.0118%	4h	4,316.6	−0.178%	$30.2M	$66.4M	50x	as long as short
Kalshi KXGOLDPERP	+0.0130%	24h	4,323	−0.030%	$3.5M	$49.7M	15x	as long as short
Polymarket Perps GOLD-USD	+0.0136%	1h	4,323.5	−0.019%	$4.3M	$1.7M	20x	as long as short
Extended XAU-USD	+0.0144%	1h	4,320	−0.099%	$12.7M	$34.9M	25x	as long as short
Lighter RH XAU	+0.0152%	1h	4,326	+0.039%	$19.8M	$40.4M	25x	as long as short
Bullet GOLD-USD	+0.0200%	1h	4,323.5	−0.019%	$59K	$76K	10x	as long as short
Bitget XAUUSDT	+0.0212%	4h	4,323.4	−0.021%	$74.0M	$134.1M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0236%	1h	4,321.2	−0.072%	$135K	$788K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0244%	8h	4,324.9	+0.014%	$170.7M	$353.8M	100x	as long as short
BloFin XAU-USDT	+0.0353%	4h	4,320.5	−0.089%	$16.2M	$5.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0412%	1h	4,319.5	−0.112%	$581K	$165K	25x	as long as short
Phemex XAUUSDT	+0.0442%	4h	4,324.3	0.000%	$2.2M	$783K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0458% / S −0.0306%	1h	4,324.1	−0.004%	$252K	—	111x	as long as short
HTX XAU-USDT	+0.1127%	4h	4,328.7	+0.102%	$3.2M	$7.0M	75x	as long as short