Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h +0.023%

Price spread now: Aevo against GRVT−0.007%49s7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$360.361% of the position

Long on GRVT Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 3 days (all we have)+0.047%+$5 · spread now −0.007%, 7d avg −0.012%

Together, before fees+0.096%+ Points / potential airdropGRVT: Active · farm board+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT XAU_USDT_Perp	4,342.1	0	get 0.0000% / 4h	2h 07m	$1.4M	$3.3M	25x
Short	Aevo XAU-PERP	4,341.8	0.0080	get 0.0010% / 1h	7m 28s	$161K	$87	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against GRVT. 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 GRVTbpFee AevobpOrdersPrice spread, now −0.007%Rate

Funding earned: $16.8
Price spread: −0.007% → −0.012%: $0.54
Slippage, 4 orders: −$11.13
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$18.8
Costs to cover: 0.361%
Break-even: 14.8 days

Slippage from GRVT: live order book, 1 min ago; Aevo: live order book, 16 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 GRVT live order book, 1 min ago	0.01 bp	4.5 bp −$5	4.9 bp −$49	21833.1 bp −$2.18M	doesn't fit
Sell Aevo live order book, 16 min ago	4.30 bp	13.5 bp −$14	22.5 bp −$225	doesn't fit	doesn't fit

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	−0.0462%	1h	4,334.7	−0.170%	$26K	$21K	20x	as long as short
Aster XAUUSD1	0.0000%	4h	4,344.8	+0.061%	$71.1M	$241.0M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,342	−0.002%	$411.2M	$2.12B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,342.3	+0.005%	$82.6M	$144.9M	150x	as long as short
Gate XAU_USDT	0.0000%	4h	4,343.4	+0.029%	$273.2M	$413.5M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,341.7	−0.009%	$372.8M	$350.4M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,342.3	+0.005%	$67.1M	$114.1M	100x	as long as short
GRVT XAU_USDT_Perplong	0.0000%	4h	4,342.1	long leg	$1.4M	$3.3M	25x
Kalshi KXGOLDPERP	0.0000%	24h	4,341.8	−0.007%	$3.9M	$34.1M	15x	as long as short
Bullet GOLD-USD	0.0000%	1h	4,342.1	−0.001%	$59K	$84K	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX XAU-USDT	0.0000%	4h	4,346.3	+0.097%	$92K	$10.9M	20x	as long as short
HTX XAU-USDT	+0.0009%	4h	4,346.2	+0.094%	$2.8M	$3.8M	75x	as long as short
Variational Omni XAU	+0.0016%	4h	4,342	−0.002%	$47.8M	$34.0M	—	as long as short
edgeX XAUUSDC	+0.0017%	4h	4,338.3	−0.088%	$30.2M	$58.0M	50x	as long as short
BloFin XAU-USDT	+0.0025%	4h	4,342.1	0.000%	$14.8M	$4.3M	100x	as long as short
Lighter XAU	+0.0032%	1h	4,340.8	−0.030%	$20.7M	$46.8M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,343.4	+0.030%	$20.2M	$45.1M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,343.7	+0.036%	$13.2M	$50.9M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.191%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,343.2	+0.025%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,382	+0.919%	—	$995K	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,339.4	−0.062%	$293.0M	$52.6M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,341.5	−0.014%	$4.3M	$2.3M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,341.1	−0.024%	$14.5M	$54.6M	25x	as long as short
Paradex XAU-USD-PERP	+0.0051%	8h	4,342.1	+0.001%	$19K	$6K	5x	as long as short
QFEX GOLD-USD	+0.0052%	1h	4,342.5	+0.009%	$5.5M	$1.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,338.1	−0.092%	$2.0M	$5.2M	25x	as long as short
Aevo XAU-PERPshort	+0.0080%	1h	4,341.8	−0.007%	$161K	$87	10x
Pacifica XAU	+0.0100%	1h	4,341.4	−0.015%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,343.2	+0.026%	$272K	$204K	50x	as long as short
Phoenix GOLD	+0.0109%	1h	4,343.4	+0.030%	$47K	$69K	25x	as long as short
Hotstuff GOLD-PERP	+0.0160%	1h	4,339.5	−0.060%	$33K	—	25x	as long as short
RISEx XAU/USDC	+0.0190%	1h	4,342.1	0.000%	$3.4M	$12.6M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0191%	8h	4,342.2	+0.002%	$157.9M	$275.0M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0333%	1h	4,339	−0.070%	$599K	$140K	25x	as long as short
Phemex XAUUSDT	+0.0413%	4h	4,344.8	+0.062%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0495% / S −0.0311%	1h	4,342	−0.002%	$251K	—	29x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0696%	1h	4,339.8	−0.053%	$221K	$884K	25x	as long as short