Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0030%/8h= −3.3% APRpaid last 24h +0.002%

Price spread now: tradeXYZ against Gate−0.088%7-day average −0.117% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$330.334% of the position

Long on Gate Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.101%+$10 on $10k

Price spread, last 7 days−0.008%−$1 · spread now −0.088%, 7d avg −0.117%

Together, before fees+0.094%+ Points / potential airdroptradeXYZ: Active · farm board+$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.029% dearer against Gate than usual: you sell high and buy low (spread −0.088% now, against its 7-day average of −0.117%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.3 days. Mind the row above: over the last 7 days funding on this pair paid +0.101%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAU_USDT	4,323.4	0.0080	pay 0.0040% / 4h	1h 51m	$276.2M	$406.5M	100x
Short	tradeXYZ xyz:GOLD	4,319.6	0.0050	get 0.0006% / 1h	51m 48s	$291.5M	$51.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.088%Rate

Funding earned: −$6.3
Price spread: −0.088% → −0.117%: $2.93
Slippage, 4 orders: −$0.45
Fee Gate: 7.5 bp × 2 orders: −$15
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$36.82
Costs to cover: 0.334%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; tradeXYZ: live order book, 7 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	7.5 bp −$8	8.6 bp −$86	13.5 bp −$1,349	17.1 bp −$8,563
Sell tradeXYZ live order book, 7 min ago	0.12 bp	9.1 bp −$9	9.1 bp −$91	10.6 bp −$1,056	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	−0.0032%	1h	4,316.5	−0.159%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,326.9	+0.080%	$92K	$8.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,318.4	−0.116%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0007%	4h	4,321.6	−0.041%	$77.8M	$157.3M	150x	as long as short
Extended XAU-USD	+0.0032%	1h	4,318	−0.125%	$13.1M	$36.7M	25x	as long as short
Hotstuff GOLD-PERP	+0.0032%	1h	4,320	−0.079%	$32K	—	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.625%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,322.8	−0.014%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,323	−0.009%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,355.6	+0.745%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLDshort	+0.0050%	1h	4,319.6	−0.088%	$291.5M	$51.7M	25x
Ondo Perps XAU-USD.P	+0.0050%	1h	4,319.3	−0.095%	$15.0M	$55.9M	25x	as long as short
Lighter XAU	+0.0056%	1h	4,322	−0.032%	$20.3M	$30.1M	25x	as long as short
Kalshi KXGOLDPERP	+0.0069%	24h	4,324.7	+0.030%	$3.9M	$42.9M	15x	as long as short
Paradex XAU-USD-PERP	+0.0072%	8h	4,323.1	−0.007%	$19K	$5K	5x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,320.4	−0.069%	$2.1M	$4.9M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0076%	4h	4,323.4	0.000%	$1.4M	$3.0M	25x	as long as short
Gate XAU_USDTlong	+0.0080%	4h	4,323.4	long leg	$276.2M	$406.5M	100x
Aster XAUUSD1	+0.0080%	4h	4,322.6	−0.018%	$72.3M	$315.2M	20x	as long as short
Variational Omni XAU	+0.0089%	4h	4,326.3	+0.067%	$47.1M	$29.2M	—	as long as short
MEXC XAU_USDT	+0.0098%	4h	4,322.1	−0.030%	$363.3M	$324.6M	1000x	as long as short
Binance XAUUSDT	+0.0099%	4h	4,321.4	−0.045%	$413.3M	$2.13B	100x	as long as short
Phoenix GOLD	+0.0100%	1h	4,324.8	+0.032%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,319.6	−0.087%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,322.3	−0.025%	$272K	$208K	50x	as long as short
Lighter RH XAU	+0.0104%	1h	4,324.5	+0.026%	$19.8M	$38.3M	25x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,321.9	−0.034%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0105%	4h	4,321.6	−0.042%	$30.1M	$60.6M	50x	as long as short
Kraken Futures PF_XAUUSD	+0.0153%	1h	4,320.2	−0.074%	$588K	$130K	25x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,324.5	+0.026%	$4.2M	$12.8M	25x	as long as short
Bullet GOLD-USD	+0.0200%	1h	4,323.2	−0.005%	$59K	$81K	10x	as long as short
HTX XAU-USDT	+0.0211%	4h	4,326.2	+0.065%	$2.8M	$4.9M	75x	as long as short
Polymarket Perps GOLD-USD	+0.0215%	1h	4,323.3	−0.002%	$4.2M	$1.9M	20x	as long as short
Bitget XAUUSDT	+0.0236%	4h	4,322	−0.033%	$68.0M	$119.2M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0316%	8h	4,322.3	−0.025%	$170.1M	$296.6M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0329%	1h	4,321.8	−0.037%	$193K	$830K	25x	as long as short
BloFin XAU-USDT	+0.0339%	4h	4,323.3	−0.003%	$16.1M	$4.4M	100x	as long as short
Phemex XAUUSDT	+0.0400%	4h	4,326.8	+0.078%	$2.2M	$961K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0463% / S −0.0307%	1h	4,322.6	−0.017%	$252K	—	111x	as long as short