Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.037%

Price spread now: Bitget against Coinbase International+0.099%7-day average +0.106% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$250.247% of the position

Long on Coinbase International Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.304%−$30 on $10k

Price spread, last 4 days (all we have)−0.037%−$4 · spread now +0.099%, 7d avg +0.106%

Together, before fees−0.342%−$34 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.106%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.304%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International GOLD-PERP-INTX	4,342.7	0.0056	pay 0.0007% / 1h	0m 50s	$2.1M	$4.7M	25x
Short	Bitget XAUUSDT	4,347	0.0276	get 0.0138% / 4h	3h 00m	$71.1M	$108.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Coinbase International. 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 Coinbase InternationalbpFee BitgetbpOrdersPrice spread, now +0.099%Rate

Funding earned: $46.2
Price spread: +0.099% → +0.106%: −$0.7
Slippage, 4 orders: −$2.7
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $20.8
Costs to cover: 0.247%
Break-even: 3.8 days

Slippage from Coinbase International: live order book, 3 min ago; Bitget: live order book, 3 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 Coinbase International live order book, 3 min ago	0.12 bp	6.5 bp −$6	7.8 bp −$78	52.4 bp −$5,236	doesn't fit
Sell Bitget live order book, 3 min ago	0.01 bp	6.0 bp −$6	7.2 bp −$72	11.4 bp −$1,140	doesn't fit

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
Bluefin GOLD-PERP	−0.0023%	1h	4,339.7	−0.068%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,350.8	+0.186%	$92K	$8.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,342.9	+0.005%	$272K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,346.9	+0.097%	$3.7M	$12.6M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,342.7	−0.001%	$13.2M	$37.3M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.178%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,345.3	+0.060%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,345.1	+0.055%	$5.6M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,379.4	+0.845%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,343.4	+0.016%	$293.8M	$49.1M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,343.3	+0.014%	$15.1M	$56.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0052%	24h	4,345.1	+0.055%	$4.3M	$39.3M	15x	as long as short
Lighter XAU	+0.0056%	1h	4,345.6	+0.067%	$20.7M	$34.8M	25x	as long as short
Coinbase International GOLD-PERP-INTXlong	+0.0056%	1h	4,342.7	long leg	$2.1M	$4.7M	25x
Bybit XAUUSDT	+0.0057%	4h	4,347.3	+0.105%	$80.1M	$152.0M	150x	as long as short
Gate XAU_USDT	+0.0060%	4h	4,348.2	+0.127%	$268.6M	$420.0M	100x	as long as short
Paradex XAU-USD-PERP	+0.0068%	8h	4,346.7	+0.092%	$19K	$5K	5x	as long as short
Hotstuff GOLD-PERP	+0.0088%	1h	4,343.1	+0.009%	$33K	—	25x	as long as short
Lighter RH XAU	+0.0088%	1h	4,348.2	+0.126%	$20.2M	$40.3M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,343	+0.006%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,344.4	+0.040%	$274K	$203K	50x	as long as short
Aster XAUUSD1	+0.0101%	4h	4,348.4	+0.131%	$71.6M	$331.4M	20x	as long as short
Variational Omni XAU	+0.0106%	4h	4,346	+0.076%	$48.4M	$27.6M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,345.7	+0.069%	$161K	$87	10x	as long as short
Binance XAUUSDT	+0.0120%	4h	4,346.5	+0.088%	$418.7M	$2.09B	100x	as long as short
MEXC XAU_USDT	+0.0120%	4h	4,346.6	+0.089%	$370.6M	$322.4M	1000x	as long as short
Phoenix GOLD	+0.0136%	1h	4,343.3	+0.014%	$47K	$77K	25x	as long as short
edgeX XAUUSDC	+0.0138%	4h	4,342	−0.016%	$30.2M	$58.1M	50x	as long as short
GRVT XAU_USDT_Perp	+0.0142%	4h	4,346.6	+0.090%	$1.4M	$2.9M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0187%	1h	4,345.2	+0.058%	$204K	$827K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0201%	1h	4,346.5	+0.088%	$4.2M	$2.0M	20x	as long as short
Phemex XAUUSDT	+0.0204%	4h	4,349.1	+0.147%	$2.2M	$967K	100x	as long as short
Bullet GOLD-USD	+0.0204%	1h	4,346.8	+0.094%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,343.6	+0.020%	$590K	$135K	25x	as long as short
Bitget XAUUSDTshort	+0.0276%	4h	4,347	+0.099%	$71.1M	$108.9M	100x
OKX XAU-USDT-SWAP	+0.0331%	8h	4,347.7	+0.115%	$167.5M	$283.4M	100x	as long as short
BloFin XAU-USDT	+0.0360%	4h	4,346.6	+0.089%	$15.8M	$4.4M	100x	as long as short
HTX XAU-USDT	+0.0360%	4h	4,348.8	+0.140%	$2.8M	$4.6M	75x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0428% / S −0.0252%	1h	4,346.8	+0.094%	$250K	—	111x	as long as short