Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0002%/8h= −0.3% APRpaid last 24h +0.018%

Price spread now: Gate against gTrade (Gains Network)+0.116%7-day average +0.126% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$284as in the Price arb table

costs, in and out, $10k−$2832.827% of the position

Long on gTrade (Gains Network)Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.017%+$2 on $10k

Price spread, last 4 days (all we have)−0.048%−$5 · spread now +0.116%, 7d avg +0.126%

Together, before fees−0.031%−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XAU/USD	4,345.1	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	18m 05s	$272K	—	250x
Short	Gate XAU_USDT	4,350.1	0	get 0.0000% / 4h	18m 05s	$264.9M	$415.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee GatebpOrdersPrice spread, now +0.116%Rate

Funding earned: −$0.49
Price spread: +0.116% → +0.126%: −$1.03
Slippage, 4 orders: −$260.68
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$284.2
Costs to cover: 2.827%
Break-even: never at this rate

Slippage from gTrade (Gains Network): virtual book (oracle venue), 6 min ago; Gate: live order book, 1 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 gTrade (Gains Network) virtual book (oracle venue), 6 min ago	130.01 bp	133.5 bp −$134	196.7 bp −$1,967	1352.9 bp −$135.3K	5907.8 bp −$2.95M
Sell Gate live order book, 1 min ago	0.01 bp	8.1 bp −$8	9.7 bp −$97	13.1 bp −$1,311	14.3 bp −$7,155

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
RISEx XAU/USDC	0.0000%	1h	4,349.3	+0.096%	$3.4M	$12.2M	25x	as long as short
Gate XAU_USDTshort	0.0000%	4h	4,350.1	+0.116%	$264.9M	$415.8M	100x
SunX XAU-USDT	0.0000%	4h	4,353.4	+0.192%	$93K	$8.9M	20x	as long as short
gTrade (Gains Network) XAU/USDlong	L +0.0002% / S −0.0003%	1h	4,345.1	long leg	$272K	—	250x
Hotstuff GOLD-PERP	+0.0008%	1h	4,347.9	+0.064%	$33K	—	25x	as long as short
Lighter XAU	+0.0032%	1h	4,347.9	+0.065%	$20.8M	$38.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,345.2	+0.002%	$13.2M	$38.4M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.122%	$619	$54	52x	as long as short
Lighter RH XAU	+0.0040%	1h	4,350.1	+0.116%	$20.1M	$39.3M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,350.7	+0.129%	$3.8M	$4.5M	40x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USD	+0.0041%	1h	4,348.4	+0.076%	$5.7M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,382.9	+0.870%	—	$1.0M	25x	as long as short
Kalshi KXGOLDPERP	+0.0047%	24h	4,348.1	+0.069%	$4.2M	$37.3M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,346.5	+0.032%	$2.0M	$4.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,346.9	+0.041%	$293.9M	$48.8M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,345.3	+0.004%	$15.1M	$56.8M	25x	as long as short
Aster XAUUSD1	+0.0062%	4h	4,350.3	+0.118%	$71.2M	$333.1M	20x	as long as short
Variational Omni XAU	+0.0077%	4h	4,349.2	+0.095%	$48.5M	$28.0M	—	as long as short
Paradex XAU-USD-PERP	+0.0080%	8h	4,349.1	+0.091%	$19K	$5K	5x	as long as short
GRVT XAU_USDT_Perp	+0.0088%	4h	4,350.6	+0.127%	$1.4M	$2.9M	25x	as long as short
MEXC XAU_USDT	+0.0090%	4h	4,349.2	+0.093%	$371.9M	$318.7M	1000x	as long as short
Binance XAUUSDT	+0.0090%	4h	4,349.1	+0.091%	$413.4M	$2.09B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,346.6	+0.034%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,346.5	+0.031%	$275K	$203K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,344.3	−0.018%	$25K	$14K	20x	as long as short
edgeX XAUUSDC	+0.0101%	4h	4,346.3	+0.028%	$30.2M	$58.1M	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,348.8	+0.085%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0142%	1h	4,347.9	+0.064%	$47K	$77K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0157%	1h	4,349	+0.090%	$4.3M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0186%	1h	4,349.3	+0.096%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0194%	1h	4,346.3	+0.027%	$593K	$132K	25x	as long as short
Phemex XAUUSDT	+0.0215%	4h	4,352.2	+0.162%	$2.2M	$967K	100x	as long as short
Bitget XAUUSDT	+0.0232%	4h	4,349.8	+0.108%	$70.0M	$109.4M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0233%	1h	4,347.7	+0.060%	$206K	$823K	25x	as long as short
Bybit XAUUSDT	+0.0240%	4h	4,350.4	+0.121%	$85.3M	$145.1M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0294%	8h	4,350.1	+0.115%	$165.4M	$282.5M	100x	as long as short
BloFin XAU-USDT	+0.0331%	4h	4,351.1	+0.137%	$15.6M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0417% / S −0.0236%	1h	4,349.3	+0.096%	$248K	—	111x	as long as short
HTX XAU-USDT	+0.0623%	4h	4,354.6	+0.217%	$2.9M	$4.3M	75x	as long as short