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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0032%/8h= −3.5% APRnext payment $0.04 per $10,000 · paid last 24h −0.007%
Price spread now: StandX against Coinbase International+0.102%7-day average +0.110% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$260.256% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.433%−$43 on $10k
Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.102%, 7d avg +0.110%
Together, before fees−0.475%+ Points / potential airdropStandX: Active · farm board−$48 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: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International GOLD-PERP-INTX4,317.90.0072pay 0.0009% / 1h49m 56s$2.1M$4.9M25x
ShortStandX XAU-USD4,322.30.0040get 0.0005% / 1h49m 56s$3.8M$4.5M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX 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
−$6.72
Price spread: +0.102% → +0.110%
−$0.81
Slippage, 4 orders
−$7.57
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee StandX: 4 bp × 2 orders
−$8
Net
−$33.09
Costs to cover
0.256%
Break-even
never at this rate
Slippage from Coinbase International: live order book, 4 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 4 min ago0.46 bp6.6 bp −$78.1 bp −$8147.8 bp −$4,780doesn't fit
Sell StandX live order book, 4 min ago0.12 bp9.3 bp −$910.0 bp −$10011.2 bp −$1,11613.2 bp −$6,594

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
Bluefin GOLD-PERP−0.0050%1h4,314.5−0.079%$25K$14K20xas long as short
SunX XAU-USDT0.0000%4h4,325.2+0.169%$92K$8.0M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,317.2−0.016%$270K250xas long as short
Bybit XAUUSDT+0.0008%4h4,323.7+0.135%$77.4M$157.4M150xas long as short
Extended XAU-USD+0.0032%1h4,317.9−0.001%$13.2M$36.7M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.753%$619$5452xas long as short
StandX XAU-USDshort+0.0040%1h4,322.3+0.102%$3.8M$4.5M40x
QFEX GOLD-USD+0.0042%1h4,319.4+0.035%$5.4M$2.1M20xas long as short
Vest GC-PERP+0.0046%1h4,353.7+0.829%$1.0M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,318.2+0.007%$291.4M$51.7M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps XAU-USD.P+0.0050%1h4,317−0.022%$15.0M$55.8M25xas long as short
Lighter XAU+0.0056%1h4,320.6+0.063%$20.3M$30.2M25xas long as short
Hotstuff GOLD-PERP+0.0064%1h4,319.8+0.044%$32K25xas long as short
Kalshi KXGOLDPERP+0.0069%24h4,322.6+0.109%$3.9M$43.0M15xas long as short
Coinbase International GOLD-PERP-INTXlong+0.0072%1h4,317.9long leg$2.1M$4.9M25x
Paradex XAU-USD-PERP+0.0073%8h4,320.9+0.069%$19K$5K5xas long as short
GRVT XAU_USDT_Perp+0.0080%4h4,323.7+0.135%$1.4M$3.0M25xas long as short
Aster XAUUSD1+0.0080%4h4,323.2+0.123%$72.4M$312.4M20xas long as short
Gate XAU_USDT+0.0082%4h4,324.8+0.160%$277.2M$408.9M100xas long as short
Variational Omni XAU+0.0093%4h4,320.2+0.054%$47.3M$29.3Mas long as short
MEXC XAU_USDT+0.0098%4h4,322.5+0.107%$360.8M$325.7M1000xas long as short
Phoenix GOLD+0.0100%1h4,320.2+0.053%$47K$79K25xas long as short
Pacifica XAU+0.0100%1h4,317.3−0.014%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,319.8+0.044%$272K$208K50xas long as short
Binance XAUUSDT+0.0101%4h4,322.8+0.112%$415.2M$2.14B100xas long as short
Lighter RH XAU+0.0104%1h4,322.8+0.114%$19.8M$38.3M25xas long as short
Aevo XAU-PERP+0.0104%1h4,320.8+0.068%$160K$8710xas long as short
edgeX XAUUSDC+0.0105%4h4,319.3+0.032%$30.1M$60.8M50xas long as short
Kraken Futures PF_XAUUSD+0.0154%1h4,318.5+0.014%$588K$131K25xas long as short
RISEx XAU/USDC+0.0184%1h4,322.6+0.110%$4.2M$12.8M25xas long as short
Bullet GOLD-USD+0.0201%1h4,321.6+0.085%$59K$81K10xas long as short
HTX XAU-USDT+0.0215%4h4,325.4+0.175%$2.8M$5.0M75xas long as short
Polymarket Perps GOLD-USD+0.0218%1h4,321.6+0.086%$4.2M$1.9M20xas long as short
Bitget XAUUSDT+0.0236%4h4,322.6+0.109%$67.9M$119.2M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0283%1h4,320.3+0.056%$193K$830K25xas long as short
OKX XAU-USDT-SWAP+0.0316%8h4,323.3+0.125%$170.3M$296.6M100xas long as short
BloFin XAU-USDT+0.0340%4h4,322.3+0.101%$16.1M$4.4M100xas long as short
Phemex XAUUSDT+0.0409%4h4,324.3+0.149%$2.2M$962K100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0463% / S −0.0307%1h4,321.4+0.082%$252K111xas long as short