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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0098%/8h= +10.7% APRnext payment +$0.12 per $10,000 · paid last 24h +0.029%
Price spread now: ApeX Omni against gTrade (Gains Network)−0.071%67s7-day average +0.052% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$3003.003% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.102%+$10 on $10k
Price spread, last 4 days (all we have)−0.013%−$1 · spread now −0.071%, 7d avg +0.052%
Together, before fees+0.089%+$9 on $10k · with fees, hour by hour
Funding pays, the price is against you. ApeX Omni is 0.123% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.071% now, against its 7-day average of +0.052%). If the spread goes back, that is −$12 on $10k: about 4.2 days of funding at the current rate (+$3 a day). The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) XAU/USD4,320.4L +0.0002% / S −0.0003%pay 0.0000% / 1h43m 58s$270K250x
ShortApeX Omni XAUUSDT4,317.30.0100get 0.0013% / 1h43m 58s$272K$208K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against gTrade (Gains Network). 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
$20.51
Price spread: −0.071% → +0.052%
−$12.28
Slippage, 4 orders
−$283.29
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$292.07
Costs to cover
3.003%
Break-even
106.7 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 30 min ago; ApeX Omni: live order book, 63 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 gTrade (Gains Network) virtual book (oracle venue), 30 min ago130.01 bp133.5 bp −$134196.7 bp −$1,9671352.9 bp −$135.3K5907.8 bp −$2.95M
Sell ApeX Omni live order book, 63 min ago4.63 bp13.4 bp −$1326.0 bp −$26042.6 bp −$4,264doesn't fit

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−0.0115%1h4,317.5−0.067%$25K$14K20xas long as short
Hotstuff GOLD-PERP0.0000%1h4,318.6−0.041%$32K25xas long as short
SunX XAU-USDT0.0000%4h4,327.4+0.162%$92K$7.9M20xas long as short
gTrade (Gains Network) XAU/USDlongL +0.0002% / S −0.0003%1h4,320.4long leg$270K250x
Bybit XAUUSDT+0.0009%4h4,324.5+0.095%$77.4M$156.8M150xas long as short
Extended XAU-USD+0.0032%1h4,320.1−0.007%$13.2M$36.7M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.695%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,323.3+0.067%$3.8M$4.5M40xas long as short
QFEX GOLD-USD+0.0042%1h4,322.3+0.044%$5.4M$2.1M20xas long as short
Vest GC-PERP+0.0046%1h4,356.2+0.829%$1.0M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:GOLD+0.0050%1h4,320.3−0.002%$291.5M$51.7M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,319.2−0.027%$15.0M$55.7M25xas long as short
Lighter XAU+0.0056%1h4,323.6+0.074%$20.3M$30.4M25xas long as short
Kalshi KXGOLDPERP+0.0071%24h4,325.3+0.114%$3.9M$43.4M15xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,319.7−0.016%$2.1M$4.9M25xas long as short
Paradex XAU-USD-PERP+0.0073%8h4,323.4+0.070%$19K$5K5xas long as short
Aster XAUUSD1+0.0077%4h4,325+0.107%$72.5M$306.3M20xas long as short
GRVT XAU_USDT_Perp+0.0084%4h4,319.7−0.016%$1.4M$3.0M25xas long as short
Gate XAU_USDT+0.0086%4h4,325.8+0.126%$282.3M$412.6M100xas long as short
Variational Omni XAU+0.0095%4h4,320.7+0.008%$47.3M$29.2Mas long as short
Lighter RH XAU+0.0096%1h4,325.8+0.124%$19.8M$38.5M25xas long as short
Phoenix GOLD+0.0100%1h4,319.8−0.014%$47K$79K25xas long as short
Pacifica XAU+0.0100%1h4,319.7−0.017%$1.4M$1.2M10xas long as short
MEXC XAU_USDT+0.0100%4h4,323.5+0.072%$362.1M$327.8M1000xas long as short
ApeX Omni XAUUSDTshort+0.0100%1h4,317.3−0.071%$272K$208K50x
Binance XAUUSDT+0.0101%4h4,323.8+0.078%$415.7M$2.14B100xas long as short
Aevo XAU-PERP+0.0104%1h4,323+0.060%$160K$8710xas long as short
edgeX XAUUSDC+0.0117%4h4,316.5−0.091%$30.0M$61.3M50xas long as short
Kraken Futures PF_XAUUSD+0.0153%1h4,320.8+0.010%$584K$134K25xas long as short
RISEx XAU/USDC+0.0184%1h4,325.7+0.124%$4.2M$12.8M25xas long as short
Bullet GOLD-USD+0.0190%1h4,323.7+0.077%$59K$82K10xas long as short
Polymarket Perps GOLD-USD+0.0215%1h4,323.8+0.079%$4.3M$1.9M20xas long as short
HTX XAU-USDT+0.0220%4h4,326.5+0.142%$2.8M$4.9M75xas long as short
Bitget XAUUSDT+0.0234%4h4,323.7+0.077%$68.0M$119.3M100xas long as short
OKX XAU-USDT-SWAP+0.0314%8h4,324.4+0.093%$170.4M$297.4M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0329%1h4,324+0.084%$192K$831K25xas long as short
BloFin XAU-USDT+0.0342%4h4,323.3+0.066%$16.1M$4.6M100xas long as short
Phemex XAUUSDT+0.0386%4h4,325.9+0.127%$2.2M$966K100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0463% / S −0.0307%1h4,323.8+0.079%$253K111xas long as short