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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0138%/8h= +15.1% APRnext payment +$0.17 per $10,000 · paid last 24h +0.018%
Price spread now: Bullet against Coinbase International+0.064%7-day average · you sell dearer than you buy
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Bullet is 0.064% dearer against Coinbase International than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International GOLD-PERP-INTX4,346.50.0048pay 0.0006% / 1h17m 52s$2.0M$4.8M25x
ShortBullet GOLD-USD4,349.30.0186get 0.0023% / 1h17m 52s$59K$82K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bullet 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

Funding earned
$28.9
Price spread: +0.064% → 0.000%
$6.41
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Bullet: 4 bp × 2 orders
−$8
Net
$17.31
Costs to cover
0.180%
Break-even
2.8 days
Slippage unknown: Coinbase International: live order book, 1 min ago; Bullet: 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 Coinbase International live order book, 1 min ago0.46 bp5.9 bp −$67.3 bp −$7344.3 bp −$4,428doesn't fit
Sell Bullet no order-book sample
Bullet: 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
RISEx XAU/USDC0.0000%1h4,349.3+0.064%$3.4M$12.2M25xas long as short
Gate XAU_USDT0.0000%4h4,350.5+0.091%$265.1M$415.9M100xas long as short
SunX XAU-USDT0.0000%4h4,353.4+0.160%$93K$8.9M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,345.1−0.032%$272K250xas long as short
Hotstuff GOLD-PERP+0.0008%1h4,347.9+0.032%$33K25xas long as short
Lighter XAU+0.0032%1h4,347.9+0.033%$20.8M$38.2M25xas long as short
Extended XAU-USD+0.0032%1h4,345−0.034%$13.2M$38.4M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.090%$619$5452xas long as short
Lighter RH XAU+0.0040%1h4,350.1+0.084%$20.1M$39.3M25xas long as short
StandX XAU-USD+0.0040%1h4,350.7+0.097%$3.8M$4.5M40xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX GOLD-USD+0.0041%1h4,348.4+0.044%$5.7M$2.0M20xas long as short
Vest GC-PERP+0.0046%1h4,382.9+0.837%$1.0M25xas long as short
Kalshi KXGOLDPERP+0.0047%24h4,348.1+0.037%$4.2M$37.3M15xas long as short
Coinbase International GOLD-PERP-INTXlong+0.0048%1h4,346.5long leg$2.0M$4.8M25x
tradeXYZ xyz:GOLD+0.0050%1h4,346.9+0.009%$293.9M$48.8M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,345.3−0.028%$15.1M$56.8M25xas long as short
Aster XAUUSD1+0.0062%4h4,350.2+0.085%$71.2M$333.1M20xas long as short
Variational Omni XAU+0.0077%4h4,349.2+0.063%$48.5M$28.0Mas long as short
Paradex XAU-USD-PERP+0.0080%8h4,349.1+0.059%$19K$5K5xas long as short
GRVT XAU_USDT_Perp+0.0088%4h4,350.6+0.095%$1.4M$2.9M25xas long as short
MEXC XAU_USDT+0.0090%4h4,349.3+0.065%$372.1M$318.7M1000xas long as short
Binance XAUUSDT+0.0090%4h4,348.9+0.056%$413.4M$2.09B100xas long as short
Pacifica XAU+0.0100%1h4,346.6+0.002%$1.4M$1.1M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,346.5−0.001%$275K$203K50xas long as short
Bluefin GOLD-PERP+0.0100%1h4,344.3−0.050%$25K$14K20xas long as short
edgeX XAUUSDC+0.0101%4h4,346.3−0.004%$30.2M$58.1M50xas long as short
Aevo XAU-PERP+0.0104%1h4,348.8+0.053%$161K$8710xas long as short
Phoenix GOLD+0.0142%1h4,347.9+0.032%$47K$77K25xas long as short
Polymarket Perps GOLD-USD+0.0157%1h4,349+0.058%$4.3M$2.0M20xas long as short
Bullet GOLD-USDshort+0.0186%1h4,349.3+0.064%$59K$82K10x
Kraken Futures PF_XAUUSD+0.0194%1h4,346.3−0.005%$593K$132K25xas long as short
Phemex XAUUSDT+0.0215%4h4,352.2+0.130%$2.2M$967K100xas long as short
Bitget XAUUSDT+0.0232%4h4,350+0.081%$70.0M$109.4M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0233%1h4,347.7+0.028%$206K$823K25xas long as short
Bybit XAUUSDT+0.0240%4h4,350.7+0.097%$85.3M$145.1M150xas long as short
OKX XAU-USDT-SWAP+0.0294%8h4,350.3+0.087%$165.5M$282.6M100xas long as short
BloFin XAU-USDT+0.0331%4h4,351.1+0.105%$15.6M$4.5M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0417% / S −0.0236%1h4,349.3+0.064%$248K111xas long as short
HTX XAU-USDT+0.0623%4h4,354.6+0.185%$2.9M$4.3M75xas long as short