Settings8H · net · $10k
Funding arb · Price arb /

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h +0.002%
Price spread now: Aevo against Lighter RH−0.021%7-day average −0.030% · 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−$32as in the Price arb table
costs, in and out, $10k−$330.331% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.100%+$10 on $10k
Price spread, last 4 days (all we have)+0.109%+$11 · spread now −0.021%, 7d avg −0.030%
Together, before fees+0.209%+ Points / potential airdropLighter RH: Points live · farm board+$21 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.030%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH XAU4,355.30.0072pay 0.0009% / 1h29m 40s$20.1M$39.7M25x
ShortAevo XAU-PERP4,354.40.0096get 0.0012% / 1h29m 40s$161K$8710x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Lighter RH. 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

Funding earned
$5.04
Price spread: −0.021% → −0.030%
$0.97
Slippage, 4 orders
−$17.1
Fee Lighter RH: 0 bp × 2 orders
$0
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$27.1
Costs to cover
0.331%
Break-even
44.6 days
Slippage from Lighter RH: live order book, 4 min ago; Aevo: live order book, 34 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter RH live order book, 4 min ago0.71 bp0.8 bp −$10.8 bp −$813.3 bp −$1,330doesn't fit
Sell Aevo live order book, 34 min ago5.99 bp15.6 bp −$1626.1 bp −$261doesn't fitdoesn't fit

XAU on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX XAU-USDT0.0000%4h4,359.8+0.103%$93K$9.3M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,351.9−0.079%$267K250xas long as short
Gate XAU_USDT+0.0006%4h4,354.3−0.024%$265.1M$411.3M100xas long as short
RISEx XAU/USDC+0.0010%1h4,353.2−0.050%$3.4M$12.4M25xas long as short
Extended XAU-USD+0.0032%1h4,350.1−0.119%$13.6M$39.3M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.112%$619$5452xas long as short
Kalshi KXGOLDPERP+0.0038%24h4,353.2−0.048%$4.1M$36.9M15xas long as short
StandX XAU-USD+0.0040%1h4,354.5−0.019%$3.8M$4.6M40xas long as short
Aster XAUUSD1+0.0043%4h4,354.7−0.014%$70.5M$333.6M20xas long as short
Vest GC-PERP+0.0046%1h4,388.5+0.762%$1.0M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX GOLD-USD+0.0046%1h4,351.6−0.085%$5.6M$1.9M20xas long as short
Coinbase International GOLD-PERP-INTX+0.0048%1h4,350.6−0.108%$2.0M$4.9M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,351.9−0.078%$294.0M$48.7M25xas long as short
GRVT XAU_USDT_Perp+0.0050%4h4,354.7−0.013%$1.4M$3.0M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,349.6−0.132%$15.1M$57.4M25xas long as short
Lighter XAU+0.0056%1h4,353.4−0.044%$20.6M$42.2M25xas long as short
Variational Omni XAU+0.0057%4h4,353−0.054%$48.3M$27.8Mas long as short
Lighter RH XAUlong+0.0072%1h4,355.3long leg$20.1M$39.7M25x
MEXC XAU_USDT+0.0074%4h4,354.2−0.026%$372.7M$318.3M1000xas long as short
Binance XAUUSDT+0.0074%4h4,353.9−0.033%$412.8M$2.09B100xas long as short
Paradex XAU-USD-PERP+0.0082%8h4,353.7−0.038%$19K$5K5xas long as short
edgeX XAUUSDC+0.0092%4h4,347.3−0.184%$30.3M$58.9M50xas long as short
Aevo XAU-PERPshort+0.0096%1h4,354.4−0.021%$161K$8710x
Pacifica XAU+0.0100%1h4,351.4−0.090%$1.4M$1.1M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,351−0.100%$275K$202K50xas long as short
Bluefin GOLD-PERP+0.0100%1h4,348−0.168%$25K$14K20xas long as short
Polymarket Perps GOLD-USD+0.0130%1h4,355.2−0.003%$4.3M$1.9M20xas long as short
Phoenix GOLD+0.0136%1h4,350.1−0.120%$47K$77K25xas long as short
Phemex XAUUSDT+0.0140%4h4,356+0.015%$2.2M$1.1M100xas long as short
Hotstuff GOLD-PERP+0.0176%1h4,350.9−0.101%$33K25xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0187%1h4,354.2−0.025%$258K$706K25xas long as short
Bybit XAUUSDT+0.0196%4h4,355.2−0.003%$84.5M$145.4M150xas long as short
Bitget XAUUSDT+0.0212%4h4,353.6−0.039%$70.2M$109.5M100xas long as short
Bullet GOLD-USD+0.0215%1h4,355.8+0.012%$59K$83K10xas long as short
OKX XAU-USDT-SWAP+0.0253%8h4,355.2−0.003%$164.9M$281.8M100xas long as short
Kraken Futures PF_XAUUSD+0.0269%1h4,352.7−0.061%$594K$133K25xas long as short
BloFin XAU-USDT+0.0295%4h4,354.1−0.029%$15.5M$4.6M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0404% / S −0.0215%1h4,355.8+0.012%$251K111xas long as short
HTX XAU-USDT+0.0564%4h4,360.3+0.115%$2.9M$4.2M75xas long as short