Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0197%/8h= +21.5% APRpaid last 24h +0.032%

Price spread now: GMX against Gate−0.034%7-day average −0.019% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.124%+$12 on $10k

Price spread, last 3 days (all we have)+0.027%+$3 · spread now −0.034%, 7d avg −0.019%

Together, before fees+0.151%+$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.019%, so right now this pair is about funding alone: +$6 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	4,367.6	0	get 0.0000% / 4h	3h 36m	$265.6M	$413.3M	100x
Short	GMX GOLD/USD [ETH-USDC]	4,366.1	L +0.0389% / S −0.0197%	get 0.0025% / 1h	36m 05s	$252K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.034%Rate

Funding earned: $41.28
Price spread: −0.034% → −0.019%: −$1.42
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: $12.86
Costs to cover: 0.270%
Break-even: 4.8 days

Slippage unknown: Gate: live order book, 3 min ago; GMX: no order-book sample. Net counts fees only.

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, 3 min ago	0.01 bp	7.5 bp −$8	9.3 bp −$93	14.9 bp −$1,489	22.7 bp −$11.4K
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Aster XAUUSD1	0.0000%	4h	4,366.5	−0.025%	$71.1M	$201.1M	20x	as long as short
Gate XAU_USDTlong	0.0000%	4h	4,367.6	long leg	$265.6M	$413.3M	100x
MEXC XAU_USDT	0.0000%	4h	4,366.6	−0.023%	$373.7M	$324.8M	1000x	as long as short
Variational Omni XAU	0.0000%	4h	4,365.3	−0.052%	$48.6M	$27.5M	—	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,362.1	−0.126%	$4.0M	$36.6M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,370.5	+0.067%	$93K	$10.3M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,362	−0.129%	$268K	—	250x	as long as short
Binance XAUUSDT	+0.0004%	4h	4,366.6	−0.022%	$410.7M	$2.15B	100x	as long as short
edgeX XAUUSDC	+0.0004%	4h	4,358.8	−0.202%	$30.3M	$60.3M	50x	as long as short
Bitget XAUUSDT	+0.0028%	4h	4,367	−0.013%	$69.6M	$113.6M	100x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.393%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,364.2	−0.078%	$3.8M	$4.7M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,365	−0.060%	$5.6M	$1.9M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,399.1	+0.721%	—	$1.0M	25x	as long as short
RISEx XAU/USDC	+0.0048%	1h	4,365.5	−0.049%	$3.4M	$12.3M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,363	−0.105%	$294.1M	$52.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,360.5	−0.163%	$14.7M	$57.2M	25x	as long as short
Phoenix GOLD	+0.0055%	1h	4,362.9	−0.108%	$48K	$64K	25x	as long as short
Hotstuff GOLD-PERP	+0.0056%	1h	4,360	−0.174%	$33K	—	25x	as long as short
Lighter XAU	+0.0072%	1h	4,365	−0.060%	$20.6M	$43.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0077%	8h	4,364.3	−0.076%	$19K	$5K	5x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,364.9	−0.063%	$162K	$87	10x	as long as short
Bybit XAUUSDT	+0.0086%	4h	4,367.4	−0.005%	$82.7M	$143.6M	150x	as long as short
Lighter RH XAU	+0.0096%	1h	4,367.7	+0.003%	$20.2M	$40.9M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,360.4	−0.165%	$2.0M	$5.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,360.7	−0.159%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,361.4	−0.141%	$277K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,406	+0.880%	$26K	$22K	20x	as long as short
Polymarket Perps GOLD-USD	+0.0128%	1h	4,364.8	−0.064%	$4.3M	$1.8M	20x	as long as short
Extended XAU-USD	+0.0144%	1h	4,361.9	−0.129%	$13.5M	$44.1M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0158%	4h	4,364.1	−0.079%	$1.4M	$3.1M	25x	as long as short
BloFin XAU-USDT	+0.0160%	4h	4,364.9	−0.062%	$15.6M	$4.6M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0186%	1h	4,364.7	−0.066%	$235K	$656K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0187%	8h	4,368.2	+0.014%	$165.7M	$287.0M	100x	as long as short
Bullet GOLD-USD	+0.0211%	1h	4,366	−0.037%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,363.1	−0.104%	$595K	$150K	25x	as long as short
GMX GOLD/USD [ETH-USDC]short	L +0.0389% / S −0.0197%	1h	4,366.1	−0.034%	$252K	—	111x
HTX XAU-USDT	+0.0674%	4h	4,369.5	+0.043%	$2.9M	$3.9M	75x	as long as short
Phemex XAUUSDT	+0.0684%	4h	4,367.3	−0.007%	$2.2M	$1.1M	100x	as long as short