Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h −0.010%

Price spread now: Gate against Coinbase International+0.108%7-day average +0.126% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$270.270% of the position

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.494%−$49 on $10k

Price spread, last 4 days (all we have)−0.109%−$11 · spread now +0.108%, 7d avg +0.126%

Together, before fees−0.603%−$60 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.126%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.494%, 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	4,311.4	0.0056	pay 0.0007% / 1h	48m 47s	$2.0M	$5.1M	25x
Short	Gate XAU_USDT	4,316.1	0.0180	get 0.0090% / 4h	3h 48m	$295.2M	$421.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.108%Rate

Funding earned: $26.04
Price spread: +0.108% → +0.126%: −$1.78
Slippage, 4 orders: −$2.05
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$2.78
Costs to cover: 0.270%
Break-even: 7.7 days

Slippage from Coinbase International: live order book, 5 min ago; Gate: live order book, 5 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, 5 min ago	0.46 bp	5.5 bp −$6	7.6 bp −$76	65.2 bp −$6,515	doesn't fit
Sell Gate live order book, 5 min ago	0.01 bp	7.7 bp −$8	8.6 bp −$86	12.7 bp −$1,273	14.4 bp −$7,202

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
SunX XAU-USDT	0.0000%	4h	4,318.7	+0.169%	$92K	$6.9M	20x	as long as short
Phemex XAUUSDT	0.0000%	4h	4,318.2	+0.157%	$2.2M	$951K	100x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,310.5	−0.021%	$269K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0008%	1h	4,311.2	−0.005%	$32K	—	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.905%	$619	$54	52x	as long as short
Vest GC-PERP	+0.0046%	1h	4,346.5	+0.814%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,313.7	+0.053%	$6.6M	$3.2M	20x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,310.2	−0.028%	$291.4M	$54.4M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,310.7	−0.016%	$4.3M	$1.8M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,310.3	−0.025%	$15.0M	$55.8M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAU-USD	+0.0056%	1h	4,309.9	−0.035%	$13.0M	$36.0M	25x	as long as short
Coinbase International GOLD-PERP-INTXlong	+0.0056%	1h	4,311.4	long leg	$2.0M	$5.1M	25x
Paradex XAU-USD-PERP	+0.0062%	8h	4,313	+0.036%	$2K	$14K	5x	as long as short
Aster XAUUSD1	+0.0067%	4h	4,315.2	+0.088%	$73.3M	$272.1M	20x	as long as short
Lighter RH XAU	+0.0072%	1h	4,315.6	+0.097%	$19.8M	$39.5M	25x	as long as short
Lighter XAU	+0.0088%	1h	4,313.2	+0.042%	$20.3M	$28.6M	25x	as long as short
Phoenix GOLD	+0.0095%	1h	4,311.6	+0.005%	$42K	$86K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,310.2	−0.027%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,306.9	−0.104%	$270K	$214K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,308.5	−0.068%	$25K	$1K	20x	as long as short
Kalshi KXGOLDPERP	+0.0105%	24h	4,317.5	+0.141%	$3.7M	$46.2M	15x	as long as short
Bybit XAUUSDT	+0.0107%	4h	4,314.6	+0.075%	$77.1M	$157.4M	150x	as long as short
Variational Omni XAU	+0.0107%	4h	4,314.5	+0.073%	$46.7M	$29.3M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,314.1	+0.064%	$160K	$87	10x	as long as short
MEXC XAU_USDT	+0.0118%	4h	4,313.9	+0.057%	$358.9M	$333.4M	1000x	as long as short
Binance XAUUSDT	+0.0118%	4h	4,314	+0.061%	$437.7M	$2.21B	100x	as long as short
RISEx XAU/USDC	+0.0126%	1h	4,314.9	+0.081%	$4.4M	$13.1M	25x	as long as short
edgeX XAUUSDC	+0.0127%	4h	4,307.3	−0.094%	$30.0M	$61.4M	50x	as long as short
StandX XAU-USD	+0.0165%	1h	4,313.9	+0.058%	$3.8M	$4.5M	40x	as long as short
Gate XAU_USDTshort	+0.0180%	4h	4,316.1	+0.108%	$295.2M	$421.7M	100x
Deribit GOLD_USDC-PERPETUAL	+0.0191%	1h	4,313.4	+0.046%	$134K	$876K	25x	as long as short
Bitget XAUUSDT	+0.0196%	4h	4,313.8	+0.056%	$70.9M	$124.0M	100x	as long as short
Bullet GOLD-USD	+0.0217%	1h	4,314.7	+0.077%	$58K	$81K	10x	as long as short
GRVT XAU_USDT_Perp	+0.0218%	4h	4,310.8	−0.015%	$1.4M	$3.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0253%	8h	4,314.2	+0.065%	$170.3M	$327.0M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0328%	1h	4,312.2	+0.018%	$574K	$138K	25x	as long as short
BloFin XAU-USDT	+0.0398%	4h	4,315	+0.083%	$16.4M	$5.0M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0467% / S −0.0314%	1h	4,314.8	+0.079%	$255K	—	111x	as long as short
HTX XAU-USDT	+0.1255%	4h	4,321.2	+0.227%	$3.2M	$6.2M	75x	as long as short