Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.016%

Price spread now: MEXC against Gate−0.032%7-day average −0.029% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$200.195% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.121%+$12 on $10k

Price spread, last 7 days+0.002%$0 · spread now −0.032%, 7d avg −0.029%

Together, before fees+0.122%+$12 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAU_USDT	4,343	0.0104	pay 0.0052% / 4h	1h 55m	$301.0M	$440.7M	100x
Short	MEXC XAU_USDT	4,341.6	0.0104	get 0.0052% / 4h	1h 55m	$367.3M	$350.1M	1000x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.032%Rate

Funding earned: $0
Price spread: −0.032% → −0.029%: −$0.38
Slippage, 4 orders: −$0.51
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$19.89
Costs to cover: 0.195%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; MEXC: live order book, 2 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, 2 min ago	0.01 bp	7.9 bp −$8	10.4 bp −$104	15.8 bp −$1,584	22.8 bp −$11.4K
Sell MEXC live order book, 2 min ago	0.04 bp	2.0 bp −$2	2.0 bp −$20	2.2 bp −$219	21.0 bp −$10.5K

XAU on 39 exchanges

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
Hotstuff GOLD-PERP	−3.0304%	1h	4,318.3	−0.569%	$32K	—	25x	as long as short
Bluefin GOLD-PERP	−0.0017%	1h	4,331.6	−0.264%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,342.9	−0.002%	$92K	$6.0M	20x	as long as short
Coinbase International GOLD-PERP-INTX	0.0000%	1h	4,332	−0.253%	$2.1M	$5.3M	25x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,332.7	−0.237%	$279K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.171%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,339.3	−0.085%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0041%	1h	4,340.3	−0.062%	$6.7M	$3.2M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,373.9	+0.711%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,337.6	−0.124%	$292.8M	$53.0M	25x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,336.7	−0.146%	$15.1M	$59.1M	25x	as long as short
Paradex XAU-USD-PERP	+0.0055%	8h	4,340.6	−0.056%	$2K	$13K	5x	as long as short
Aster XAUUSD1	+0.0072%	4h	4,343	0.000%	$72.8M	$275.8M	20x	as long as short
Phoenix GOLD	+0.0076%	1h	4,334.6	−0.193%	$43K	$71K	25x	as long as short
Variational Omni XAU	+0.0087%	4h	4,337.4	−0.129%	$47.3M	$29.2M	—	as long as short
Lighter XAU	+0.0088%	1h	4,340.7	−0.054%	$20.3M	$30.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,337.4	−0.130%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,336.8	−0.144%	$285K	$223K	50x	as long as short
Gate XAU_USDTlong	+0.0104%	4h	4,343	long leg	$301.0M	$440.7M	100x
MEXC XAU_USDTshort	+0.0104%	4h	4,341.6	−0.032%	$367.3M	$350.1M	1000x
Aevo XAU-PERP	+0.0104%	1h	4,337.5	−0.127%	$161K	$87	10x	as long as short
Polymarket Perps GOLD-USD	+0.0104%	1h	4,340	−0.069%	$4.3M	$1.7M	20x	as long as short
Binance XAUUSDT	+0.0105%	4h	4,341.6	−0.031%	$443.7M	$2.43B	100x	as long as short
GRVT XAU_USDT_Perp	+0.0108%	4h	4,337.8	−0.119%	$1.4M	$3.1M	25x	as long as short
edgeX XAUUSDC	+0.0115%	4h	4,333.8	−0.213%	$30.3M	$67.1M	50x	as long as short
Lighter RH XAU	+0.0120%	1h	4,342.6	−0.009%	$19.7M	$39.3M	25x	as long as short
Bybit XAUUSDT	+0.0127%	4h	4,342.9	−0.003%	$82.8M	$173.7M	150x	as long as short
Kalshi KXGOLDPERP	+0.0135%	24h	4,339.5	−0.081%	$3.5M	$51.0M	15x	as long as short
Extended XAU-USD	+0.0144%	1h	4,337.2	−0.134%	$12.5M	$34.8M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0165%	1h	4,337.3	−0.131%	$135K	$707K	25x	as long as short
Bullet GOLD-USD	+0.0198%	1h	4,341.3	−0.040%	$59K	$76K	10x	as long as short
RISEx XAU/USDC	+0.0205%	1h	4,338.7	−0.099%	$4.7M	$13.3M	25x	as long as short
Bitget XAUUSDT	+0.0220%	4h	4,341.1	−0.045%	$73.1M	$139.1M	100x	as long as short
Phemex XAUUSDT	+0.0224%	4h	4,340.7	−0.052%	$2.3M	$784K	100x	as long as short
OKX XAU-USDT-SWAP	+0.0241%	8h	4,341.8	−0.028%	$170.8M	$361.1M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0253%	1h	4,335.6	−0.172%	$584K	$167K	25x	as long as short
BloFin XAU-USDT	+0.0347%	4h	4,337.5	−0.126%	$16.3M	$5.3M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0460% / S −0.0308%	1h	4,339.4	−0.083%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.1109%	4h	4,344.4	+0.032%	$3.2M	$7.1M	75x	as long as short