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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0045%/8h= +5.0% APRnext payment +$0.06 per $10,000 · paid last 24h +0.048%
Price spread now: RISEx against gTrade (Gains Network)+0.080%47s7-day average +0.090% · you sell dearer than you buy
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−$2732.732% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.063%+$6 on $10k
Price spread, last 3 days (all we have)−0.064%−$6 · spread now +0.080%, 7d avg +0.090%
Together, before fees0.000%$0 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.090%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 47 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/USD4,356.4L +0.0002% / S −0.0003%pay 0.0000% / 1h22m 33s$267K250x
ShortRISEx XAU/USDC4,359.90.0048get 0.0006% / 1h22m 33s$3.4M$12.3M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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
$9.54
Price spread: +0.080% → +0.090%
−$0.99
Slippage, 4 orders
−$260.16
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$264.62
Costs to cover
2.732%
Break-even
201.2 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 17 min ago; RISEx: live order book, 2 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), 17 min ago130.01 bp133.5 bp −$134196.7 bp −$1,9671352.9 bp −$135.3K5907.8 bp −$2.95M
Sell RISEx live order book, 2 min ago0.03 bp3.0 bp −$33.6 bp −$3644.9 bp −$4,488doesn'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
Aster XAUUSD10.0000%4h4,360+0.082%$71.0M$200.5M20xas long as short
Gate XAU_USDT0.0000%4h4,361+0.105%$266.2M$416.9M100xas long as short
Kalshi KXGOLDPERP0.0000%24h4,355.9−0.012%$4.0M$36.6M15xas long as short
SunX XAU-USDT0.0000%4h4,363.6+0.165%$93K$10.2M20xas long as short
Variational Omni XAU0.0000%4h4,360.4+0.091%$47.8M$28.1Mas long as short
gTrade (Gains Network) XAU/USDlongL +0.0002% / S −0.0003%1h4,356.4long leg$267K250x
edgeX XAUUSDC+0.0022%4h4,355.1−0.030%$30.3M$60.4M50xas long as short
MEXC XAU_USDT+0.0022%4h4,360.7+0.098%$372.9M$328.2M1000xas long as short
Binance XAUUSDT+0.0024%4h4,359.8+0.077%$411.6M$2.15B100xas long as short
Hotstuff GOLD-PERP+0.0032%1h4,356.9+0.011%$33K25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.138%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,362.4+0.137%$3.8M$4.7M40xas long as short
QFEX GOLD-USD+0.0045%1h4,359.3+0.066%$5.6M$1.9M20xas long as short
Vest GC-PERP+0.0046%1h4,393.8+0.858%$1.0M25xas long as short
RISEx XAU/USDCshort+0.0048%1h4,359.9+0.080%$3.4M$12.3M25x
tradeXYZ xyz:GOLD+0.0050%1h4,357.2+0.017%$293.8M$51.5M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,355.2−0.030%$14.7M$57.3M25xas long as short
Phoenix GOLD+0.0055%1h4,358.5+0.047%$48K$64K25xas long as short
Bitget XAUUSDT+0.0060%4h4,360.1+0.083%$69.1M$113.9M100xas long as short
Lighter XAU+0.0072%1h4,359.6+0.072%$20.6M$44.1M25xas long as short
Extended XAU-USD+0.0080%1h4,356.40.000%$13.5M$43.7M25xas long as short
Paradex XAU-USD-PERP+0.0080%8h4,360.4+0.090%$19K$5K5xas long as short
Aevo XAU-PERP+0.0088%1h4,359+0.059%$161K$8710xas long as short
BloFin XAU-USDT+0.0091%4h4,361.9+0.125%$15.5M$4.5M100xas long as short
Lighter RH XAU+0.0096%1h4,361.7+0.121%$20.2M$41.0M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0096%1h4,354.3−0.049%$2.0M$5.1M25xas long as short
Pacifica XAU+0.0100%1h4,356.8+0.007%$1.4M$1.1M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,357.8+0.031%$275K$204K50xas long as short
Bluefin GOLD-PERP+0.0100%1h4,351.4−0.116%$25K$22K20xas long as short
Bybit XAUUSDT+0.0110%4h4,360.4+0.090%$83.5M$144.4M150xas long as short
Polymarket Perps GOLD-USD+0.0121%1h4,358.6+0.050%$4.3M$1.8M20xas long as short
GRVT XAU_USDT_Perp+0.0152%4h4,361.1+0.107%$1.4M$3.1M25xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0163%1h4,358.6+0.050%$235K$656K25xas long as short
OKX XAU-USDT-SWAP+0.0199%8h4,360.8+0.100%$163.8M$289.3M100xas long as short
Bullet GOLD-USD+0.0211%1h4,360.3+0.089%$59K$82K10xas long as short
Kraken Futures PF_XAUUSD+0.0225%1h4,356.7+0.007%$594K$151K25xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0389% / S −0.0197%1h4,360.4+0.091%$252K111xas long as short
Phemex XAUUSDT+0.0532%4h4,363.1+0.153%$2.2M$1.1M100xas long as short
HTX XAU-USDT+0.0575%4h4,363.4+0.159%$2.9M$3.9M75xas long as short