Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0037%/8h= −4.1% APRpaid last 24h +0.005%

Price spread now: Phoenix against GRVT+0.054%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on Phoenix

What this pair did over the last

the charts below follow

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

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

The price spread pays, funding is against you. Phoenix is 0.054% dearer against GRVT than usual: you sell high and buy low (spread +0.054% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.9 days. Mind the row above: over the last 7 days funding on this pair paid +0.050%, 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	GRVT XAU_USDT_Perp	4,331.1	0.0132	pay 0.0066% / 4h	2h 59m	$1.4M	$3.0M	25x
Short	Phoenix GOLD	4,333.5	0.0095	get 0.0012% / 1h	59m 20s	$43K	$67K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.054%Rate

Funding earned: −$7.8
Price spread: +0.054% → 0.000%: $5.44
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$18.37
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 4 min ago; Phoenix: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy GRVT live order book, 4 min ago	0.01 bp	4.5 bp −$5	4.8 bp −$48	3083.6 bp −$308.4K	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bluefin GOLD-PERP	−0.0211%	1h	4,327	−0.096%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,336.5	+0.124%	$92K	$6.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,330.7	−0.011%	$275K	—	250x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0024%	1h	4,330.6	−0.013%	$2.0M	$5.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.445%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,334.5	+0.077%	$3.8M	$4.5M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,366.9	+0.826%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,333	+0.043%	$6.6M	$3.1M	20x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,330	−0.026%	$292.5M	$55.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,330.2	−0.022%	$15.1M	$57.3M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx XAU/USDC	+0.0056%	1h	4,334.6	+0.080%	$4.6M	$13.6M	25x	as long as short
Paradex XAU-USD-PERP	+0.0058%	8h	4,333.4	+0.053%	$2K	$13K	5x	as long as short
Aster XAUUSD1	+0.0059%	4h	4,334.2	+0.071%	$74.4M	$272.9M	20x	as long as short
Hotstuff GOLD-PERP	+0.0072%	1h	4,330.9	−0.006%	$32K	—	25x	as long as short
Lighter XAU	+0.0080%	1h	4,333	+0.043%	$20.2M	$29.2M	25x	as long as short
Extended XAU-USD	+0.0080%	1h	4,329.4	−0.041%	$12.7M	$35.9M	25x	as long as short
Lighter RH XAU	+0.0088%	1h	4,335.1	+0.090%	$19.9M	$38.4M	25x	as long as short
Variational Omni XAU	+0.0093%	4h	4,332	+0.019%	$47.2M	$30.1M	—	as long as short
Phoenix GOLDshort	+0.0095%	1h	4,333.5	+0.054%	$43K	$67K	25x
Pacifica XAU	+0.0100%	1h	4,330.3	−0.020%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,330	−0.026%	$284K	$232K	50x	as long as short
Gate XAU_USDT	+0.0102%	4h	4,335	+0.089%	$299.1M	$427.2M	100x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,332.2	+0.024%	$160K	$87	10x	as long as short
MEXC XAU_USDT	+0.0114%	4h	4,333.7	+0.059%	$353.0M	$346.7M	1000x	as long as short
Polymarket Perps GOLD-USD	+0.0116%	1h	4,334.1	+0.068%	$4.3M	$1.7M	20x	as long as short
Binance XAUUSDT	+0.0116%	4h	4,333.1	+0.044%	$436.2M	$2.35B	100x	as long as short
Kalshi KXGOLDPERP	+0.0120%	24h	4,334.4	+0.075%	$3.5M	$48.5M	15x	as long as short
edgeX XAUUSDC	+0.0127%	4h	4,331.4	+0.007%	$30.3M	$65.2M	50x	as long as short
GRVT XAU_USDT_Perplong	+0.0132%	4h	4,331.1	long leg	$1.4M	$3.0M	25x
Bybit XAUUSDT	+0.0132%	4h	4,334.2	+0.071%	$82.5M	$169.0M	150x	as long as short
Bullet GOLD-USD	+0.0165%	1h	4,333.6	+0.057%	$58K	$77K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0166%	1h	4,330.7	−0.010%	$134K	$780K	25x	as long as short
Bitget XAUUSDT	+0.0198%	4h	4,333.1	+0.045%	$72.1M	$132.2M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0244%	8h	4,333.8	+0.061%	$171.0M	$354.6M	100x	as long as short
Phemex XAUUSDT	+0.0267%	4h	4,335.2	+0.093%	$2.2M	$961K	100x	as long as short
BloFin XAU-USDT	+0.0358%	4h	4,333.1	+0.045%	$16.2M	$5.5M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0411%	1h	4,330.7	−0.009%	$583K	$150K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0466% / S −0.0313%	1h	4,332.8	+0.037%	$256K	—	111x	as long as short
HTX XAU-USDT	+0.1107%	4h	4,340.4	+0.214%	$3.2M	$7.0M	75x	as long as short