Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h +0.021%

Price spread now: Aevo against Gate−0.052%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$460.461% of the position

Long on Gate Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.159%+$16 on $10k

Price spread, last 4 days (all we have)+0.060%+$6 · spread now −0.052%, 7d avg −0.042%

Together, before fees+0.219%+$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.042%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAU_USDT	4,347.9	0.0076	pay 0.0038% / 4h	2h 53m	$268.9M	$395.7M	100x
Short	Aevo XAU-PERP	4,345.6	0.0112	get 0.0014% / 1h	53m 29s	$161K	$87	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Gate. 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 GatebpFee AevobpOrdersPrice spread, now −0.052%Rate

Funding earned: $7.56
Price spread: −0.052% → −0.042%: −$0.95
Slippage, 4 orders: −$15.06
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$39.45
Costs to cover: 0.461%
Break-even: 43.5 days

Slippage from Gate: live order book, 6 min ago; Aevo: live order book, 60 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 Gate live order book, 6 min ago	0.01 bp	7.5 bp −$8	8.8 bp −$88	12.2 bp −$1,219	14.2 bp −$7,076
Sell Aevo live order book, 60 min ago	5.96 bp	15.8 bp −$16	28.5 bp −$285	doesn't fit	doesn't fit

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
Bluefin GOLD-PERP	−0.0158%	1h	4,340	−0.182%	$25K	$14K	20x	as long as short
Hotstuff GOLD-PERP	0.0000%	1h	4,342.1	−0.133%	$33K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,351.3	+0.079%	$92K	$8.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,342.3	−0.127%	$272K	—	250x	as long as short
Extended XAU-USD	+0.0032%	1h	4,341.9	−0.138%	$13.2M	$37.3M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.059%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,348	+0.003%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,344.5	−0.078%	$5.6M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,379.3	+0.723%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,342.6	−0.121%	$293.6M	$49.3M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,342.7	−0.118%	$15.1M	$56.7M	25x	as long as short
Kalshi KXGOLDPERP	+0.0053%	24h	4,345.2	−0.061%	$4.2M	$39.3M	15x	as long as short
RISEx XAU/USDC	+0.0054%	1h	4,346.9	−0.022%	$3.7M	$12.6M	25x	as long as short
Lighter XAU	+0.0056%	1h	4,344.8	−0.072%	$20.7M	$30.2M	25x	as long as short
Bybit XAUUSDT	+0.0063%	4h	4,347.7	−0.003%	$80.1M	$151.8M	150x	as long as short
Paradex XAU-USD-PERP	+0.0070%	8h	4,345.9	−0.046%	$19K	$5K	5x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,344.9	−0.068%	$2.1M	$4.7M	25x	as long as short
Gate XAU_USDTlong	+0.0076%	4h	4,347.9	long leg	$268.9M	$395.7M	100x
Pacifica XAU	+0.0100%	1h	4,342.3	−0.128%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,343.3	−0.105%	$274K	$203K	50x	as long as short
Variational Omni XAU	+0.0105%	4h	4,347	−0.019%	$48.4M	$27.7M	—	as long as short
Aster XAUUSD1	+0.0105%	4h	4,348.2	+0.008%	$71.6M	$331.2M	20x	as long as short
Lighter RH XAU	+0.0112%	1h	4,347.4	−0.012%	$20.1M	$38.0M	25x	as long as short
Aevo XAU-PERPshort	+0.0112%	1h	4,345.6	−0.052%	$161K	$87	10x
MEXC XAU_USDT	+0.0118%	4h	4,346.4	−0.033%	$370.3M	$317.3M	1000x	as long as short
Binance XAUUSDT	+0.0118%	4h	4,346.6	−0.030%	$419.0M	$2.09B	100x	as long as short
GRVT XAU_USDT_Perp	+0.0126%	4h	4,346.6	−0.030%	$1.4M	$2.9M	25x	as long as short
Phoenix GOLD	+0.0127%	1h	4,344.5	−0.078%	$47K	$77K	25x	as long as short
edgeX XAUUSDC	+0.0133%	4h	4,343.2	−0.107%	$30.2M	$58.0M	50x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0141%	1h	4,344.7	−0.073%	$203K	$825K	25x	as long as short
Bullet GOLD-USD	+0.0168%	1h	4,346.2	−0.038%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0170%	1h	4,346.2	−0.038%	$4.2M	$2.0M	20x	as long as short
Phemex XAUUSDT	+0.0216%	4h	4,348.6	+0.016%	$2.2M	$967K	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0247%	1h	4,343.5	−0.100%	$591K	$130K	25x	as long as short
Bitget XAUUSDT	+0.0276%	4h	4,346.7	−0.027%	$71.3M	$108.3M	100x	as long as short
HTX XAU-USDT	+0.0315%	4h	4,349.5	+0.036%	$2.8M	$4.6M	75x	as long as short
OKX XAU-USDT-SWAP	+0.0334%	8h	4,347.6	−0.006%	$167.8M	$282.1M	100x	as long as short
BloFin XAU-USDT	+0.0359%	4h	4,347	−0.020%	$15.8M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0428% / S −0.0252%	1h	4,346.4	−0.034%	$250K	—	111x	as long as short