Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0018%/8h= +2.0% APRpaid last 24h +0.002%

Price spread now: ApeX Omni against GRVT−0.031%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$430.427% of the position

Long on GRVT Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 4 days (all we have)−0.038%−$4 · spread now −0.031%, 7d avg −0.046%

Together, before fees−0.009%+ Points / potential airdropGRVT: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.046%, 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	GRVT XAU_USDT_Perp	4,321.1	0.0082	pay 0.0041% / 4h	1h 49m	$1.4M	$3.0M	25x
Short	ApeX Omni XAUUSDT	4,319.8	0.0100	get 0.0013% / 1h	49m 32s	$272K	$208K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.031%Rate

Funding earned: $3.78
Price spread: −0.031% → −0.046%: $1.51
Slippage, 4 orders: −$23.73
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$37.44
Costs to cover: 0.427%
Break-even: 76.3 days

Slippage from GRVT: live order book, 4 min ago; ApeX Omni: live order book, 58 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, 4 min ago	0.01 bp	4.9 bp −$5	5.8 bp −$58	3937.7 bp −$393.8K	doesn't fit
Sell ApeX Omni live order book, 58 min ago	4.63 bp	13.4 bp −$13	26.0 bp −$260	42.6 bp −$4,264	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	−0.0050%	1h	4,314.5	−0.153%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,325.2	+0.094%	$92K	$8.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,317.2	−0.091%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0010%	4h	4,323.4	+0.054%	$77.4M	$157.4M	150x	as long as short
Extended XAU-USD	+0.0032%	1h	4,319	−0.050%	$13.2M	$36.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.678%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,323.3	+0.050%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,320.8	−0.007%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,353.7	+0.754%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,319	−0.049%	$291.4M	$51.7M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,317	−0.097%	$15.0M	$55.8M	25x	as long as short
Lighter XAU	+0.0056%	1h	4,321.9	+0.017%	$20.3M	$30.2M	25x	as long as short
Hotstuff GOLD-PERP	+0.0064%	1h	4,319.8	−0.031%	$32K	—	25x	as long as short
Kalshi KXGOLDPERP	+0.0069%	24h	4,322.6	+0.034%	$3.9M	$43.0M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,317.9	−0.075%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0073%	8h	4,322.8	+0.038%	$19K	$5K	5x	as long as short
Aster XAUUSD1	+0.0081%	4h	4,324.3	+0.074%	$72.4M	$311.2M	20x	as long as short
GRVT XAU_USDT_Perplong	+0.0082%	4h	4,321.1	long leg	$1.4M	$3.0M	25x
Gate XAU_USDT	+0.0084%	4h	4,325	+0.090%	$277.8M	$409.2M	100x	as long as short
Variational Omni XAU	+0.0093%	4h	4,320.2	−0.021%	$47.3M	$29.3M	—	as long as short
Phoenix GOLD	+0.0100%	1h	4,320.2	−0.021%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,319.2	−0.046%	$1.4M	$1.2M	10x	as long as short
MEXC XAU_USDT	+0.0100%	4h	4,322.8	+0.038%	$360.4M	$325.8M	1000x	as long as short
ApeX Omni XAUUSDTshort	+0.0100%	1h	4,319.8	−0.031%	$272K	$208K	50x
Binance XAUUSDT	+0.0101%	4h	4,322.4	+0.031%	$415.2M	$2.14B	100x	as long as short
Lighter RH XAU	+0.0104%	1h	4,324.3	+0.074%	$19.8M	$38.4M	25x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,320.8	−0.007%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0105%	4h	4,319.3	−0.043%	$30.1M	$60.8M	50x	as long as short
Kraken Futures PF_XAUUSD	+0.0154%	1h	4,318.5	−0.060%	$588K	$131K	25x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,324.6	+0.081%	$4.2M	$12.8M	25x	as long as short
Bullet GOLD-USD	+0.0201%	1h	4,321.6	+0.010%	$59K	$81K	10x	as long as short
HTX XAU-USDT	+0.0215%	4h	4,325.4	+0.100%	$2.8M	$5.0M	75x	as long as short
Polymarket Perps GOLD-USD	+0.0218%	1h	4,321.6	+0.011%	$4.2M	$1.9M	20x	as long as short
Bitget XAUUSDT	+0.0236%	4h	4,323.1	+0.045%	$67.9M	$119.2M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0283%	1h	4,320.3	−0.019%	$193K	$830K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0316%	8h	4,323.5	+0.055%	$170.3M	$296.6M	100x	as long as short
BloFin XAU-USDT	+0.0340%	4h	4,322.3	+0.026%	$16.1M	$4.4M	100x	as long as short
Phemex XAUUSDT	+0.0409%	4h	4,324.3	+0.074%	$2.2M	$962K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0463% / S −0.0307%	1h	4,321.4	+0.008%	$252K	—	111x	as long as short