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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h +0.001%
Price spread now: Ondo Perps against Gate−0.074%7-day average −0.157% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.045%+$4 on $10k
Price spread, last 7 days−0.004%$0 · spread now −0.074%, 7d avg −0.157%
Together, before fees+0.040%+ Points / potential airdropOndo Perps: Active · farm board+$4 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.083% dearer against Gate than usual: you sell high and buy low (spread −0.074% now, against its 7-day average of −0.157%): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.0 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate XAU_USDT4,324.60.0106pay 0.0053% / 4h2h 54m$302.3M$430.0M100x
ShortOndo Perps XAU-USD.P4,321.40.0050get 0.0006% / 1h54m 43s$15.1M$57.4M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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

Funding earned
−$11.68
Price spread: −0.074% → −0.157%
$8.27
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$23.4
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Gate: live order book, 4 min ago; Ondo Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 4 min ago0.01 bp7.5 bp −$88.5 bp −$8514.1 bp −$1,40917.4 bp −$8,693
Sell Ondo Perps no order-book sample
Ondo Perps: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX XAU-USDT0.0000%4h4,328.8+0.095%$92K$6.5M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,330.7+0.139%$275K250xas long as short
Coinbase International GOLD-PERP-INTX+0.0024%1h4,325.1+0.011%$2.0M$5.2M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.596%$619$5452xas long as short
QFEX GOLD-USD+0.0038%1h4,325.1+0.011%$6.6M$3.0M20xas long as short
StandX XAU-USD+0.0040%1h4,328.5+0.089%$3.8M$4.5M40xas long as short
Vest GC-PERP+0.0046%1h4,358.2+0.776%$1.0M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,319.7−0.114%$291.8M$54.8M25xas long as short
Ondo Perps XAU-USD.Pshort+0.0050%1h4,321.4−0.074%$15.1M$57.4M25x
RISEx XAU/USDC+0.0056%1h4,325.6+0.022%$4.6M$13.6M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex XAU-USD-PERP+0.0058%8h4,325.2+0.013%$2K$13K5xas long as short
Aster XAUUSD1+0.0060%4h4,324.1−0.012%$74.3M$273.2M20xas long as short
Hotstuff GOLD-PERP+0.0080%1h4,323.2−0.033%$32K25xas long as short
Extended XAU-USD+0.0088%1h4,318.4−0.144%$12.7M$35.8M25xas long as short
Variational Omni XAU+0.0094%4h4,326.7+0.047%$47.1M$29.9Mas long as short
Phoenix GOLD+0.0095%1h4,328.1+0.080%$43K$72K25xas long as short
Lighter RH XAU+0.0096%1h4,324.8+0.004%$19.9M$38.6M25xas long as short
Pacifica XAU+0.0100%1h4,322.3−0.054%$1.4M$1.3M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,327.6+0.068%$284K$232K50xas long as short
Lighter XAU+0.0104%1h4,321.5−0.072%$20.1M$29.4M25xas long as short
Gate XAU_USDTlong+0.0106%4h4,324.6long leg$302.3M$430.0M100x
Aevo XAU-PERP+0.0112%1h4,323.5−0.027%$160K$8710xas long as short
MEXC XAU_USDT+0.0114%4h4,322.8−0.043%$353.0M$348.4M1000xas long as short
Binance XAUUSDT+0.0116%4h4,322.2−0.055%$435.1M$2.36B100xas long as short
Kalshi KXGOLDPERP+0.0121%24h4,326.4+0.041%$3.5M$48.6M15xas long as short
Polymarket Perps GOLD-USD+0.0122%1h4,324.8+0.004%$4.3M$1.7M20xas long as short
edgeX XAUUSDC+0.0123%4h4,325.6+0.022%$30.2M$65.1M50xas long as short
GRVT XAU_USDT_Perp+0.0130%4h4,329.2+0.106%$1.4M$3.0M25xas long as short
Bybit XAUUSDT+0.0142%4h4,323.9−0.017%$81.6M$170.1M150xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0167%1h4,321.9−0.063%$134K$783K25xas long as short
Bullet GOLD-USD+0.0186%1h4,324.8+0.004%$58K$77K10xas long as short
Bitget XAUUSDT+0.0196%4h4,322.7−0.046%$71.5M$133.0M100xas long as short
OKX XAU-USDT-SWAP+0.0244%8h4,323.3−0.031%$170.8M$356.1M100xas long as short
BloFin XAU-USDT+0.0356%4h4,325+0.009%$16.2M$5.5M100xas long as short
Kraken Futures PF_XAUUSD+0.0412%1h4,321.6−0.070%$582K$150K25xas long as short
Phemex XAUUSDT+0.0427%4h4,327+0.054%$2.2M$961K100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0460% / S −0.0306%1h4,324.8+0.003%$252K111xas long as short
HTX XAU-USDT+0.1110%4h4,330.9+0.145%$3.2M$7.0M75xas long as short
Bluefin GOLD-PERP+0.4360%1h4,318.3−0.146%$25K$1K20xas long as short