Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.002%

Price spread now: StandX against Gate−0.024%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$290.293% of the position

Long on Gate Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 7 days−0.013%−$1 · spread now −0.024%, 7d avg −0.014%

Together, before fees+0.040%+ Points / potential airdropStandX: Active · farm board+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.014%, 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	4,354.4	0	get 0.0000% / 4h	1h 58m	$263.6M	$403.5M	100x
Short	StandX XAU-USD	4,353.4	0.0040	get 0.0005% / 1h	58m 46s	$3.8M	$4.6M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.024%Rate

Funding earned: $8.4
Price spread: −0.024% → −0.014%: −$1.01
Slippage, 4 orders: −$6.32
Fee Gate: 7.5 bp × 2 orders: −$15
Fee StandX: 4 bp × 2 orders: −$8
Net: −$21.94
Costs to cover: 0.293%
Break-even: 25.3 days

Slippage from Gate: live order book, 5 min ago; StandX: live order book, just now.

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, 5 min ago	0.01 bp	7.5 bp −$8	9.0 bp −$90	12.8 bp −$1,279	14.3 bp −$7,147
Sell StandX live order book, just now	2.18 bp	6.6 bp −$7	6.9 bp −$69	9.5 bp −$951	11.8 bp −$5,878

XAU on 38 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	−0.0322%	1h	4,345.9	−0.197%	$25K	$14K	20x	as long as short
Gate XAU_USDTlong	0.0000%	4h	4,354.4	long leg	$263.6M	$403.5M	100x
SunX XAU-USDT	0.0000%	4h	4,356.9	+0.056%	$93K	$9.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,349.2	−0.120%	$269K	—	250x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,353	−0.033%	$3.4M	$12.4M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,349.2	−0.121%	$13.5M	$41.4M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.092%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0036%	24h	4,350.7	−0.086%	$4.1M	$36.1M	15x	as long as short
Lighter XAU	+0.0040%	1h	4,354.2	−0.006%	$20.6M	$41.7M	25x	as long as short
StandX XAU-USDshort	+0.0040%	1h	4,353.4	−0.024%	$3.8M	$4.6M	40x

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,386.2	+0.729%	—	$1.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0048%	1h	4,349.8	−0.107%	$33K	—	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,349	−0.125%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,350.3	−0.095%	$293.6M	$49.0M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,349.6	−0.110%	$15.1M	$57.9M	25x	as long as short
QFEX GOLD-USD	+0.0051%	1h	4,352.3	−0.049%	$5.5M	$1.9M	20x	as long as short
Lighter RH XAU	+0.0056%	1h	4,356.5	+0.047%	$20.1M	$39.3M	25x	as long as short
Aster XAUUSD1	+0.0058%	4h	4,354.8	+0.009%	$70.1M	$324.7M	20x	as long as short
Paradex XAU-USD-PERP	+0.0087%	8h	4,352.6	−0.042%	$19K	$5K	5x	as long as short
Pacifica XAU	+0.0100%	1h	4,349.1	−0.123%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,351.5	−0.068%	$275K	$204K	50x	as long as short
Variational Omni XAU	+0.0105%	4h	4,351.6	−0.064%	$48.2M	$28.0M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,351.3	−0.073%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0116%	4h	4,353.3	−0.027%	$372.9M	$315.1M	1000x	as long as short
edgeX XAUUSDC	+0.0118%	4h	4,346.1	−0.191%	$30.2M	$59.3M	50x	as long as short
Binance XAUUSDT	+0.0119%	4h	4,355	+0.012%	$411.0M	$2.09B	100x	as long as short
Polymarket Perps GOLD-USD	+0.0120%	1h	4,352.4	−0.047%	$4.3M	$1.9M	20x	as long as short
Phoenix GOLD	+0.0121%	1h	4,350.1	−0.100%	$47K	$60K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0134%	4h	4,353.4	−0.024%	$1.4M	$3.0M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0187%	1h	4,351.5	−0.068%	$260K	$700K	25x	as long as short
Bullet GOLD-USD	+0.0202%	1h	4,353	−0.033%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0202%	4h	4,356.3	+0.042%	$84.1M	$144.9M	150x	as long as short
Bitget XAUUSDT	+0.0206%	4h	4,354.5	+0.001%	$69.6M	$109.0M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0247%	8h	4,355.9	+0.034%	$164.6M	$281.7M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,350.2	−0.097%	$593K	$133K	25x	as long as short
Phemex XAUUSDT	+0.0333%	4h	4,355.7	+0.028%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0396% / S −0.0204%	1h	4,353.2	−0.028%	$251K	—	111x	as long as short
HTX XAU-USDT	+0.0611%	4h	4,357.2	+0.064%	$2.9M	$4.1M	75x	as long as short