Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.002%

Price spread now: Aevo against MEXC−0.054%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$350.354% of the position

Long on MEXC Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 4 days (all we have)+0.085%+$9 · spread now −0.054%, 7d avg −0.012%

Together, before fees+0.122%+$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.042% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XAU_USDT	4,324	0.0100	pay 0.0050% / 4h	1h 48m	$362.2M	$326.5M	1000x
Short	Aevo XAU-PERP	4,321.7	0.0104	get 0.0013% / 1h	48m 47s	$160K	$87	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against MEXC. 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 MEXCbpFee AevobpOrdersPrice spread, now −0.054%Rate

Funding earned: $0.84
Price spread: −0.054% → −0.012%: −$4.23
Slippage, 4 orders: −$15.43
Fee MEXC: 2 bp × 2 orders: −$4
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$38.82
Costs to cover: 0.354%
Break-even: 330.5 days

Slippage from MEXC: live order book, 5 min ago; Aevo: live order book, 60 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 MEXC live order book, 5 min ago	0.04 bp	2.0 bp −$2	2.0 bp −$20	4.7 bp −$475	26.6 bp −$13.3K
Sell Aevo live order book, 60 min ago	5.21 bp	16.4 bp −$16	31.4 bp −$314	doesn't fit	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	−0.0073%	1h	4,315.5	−0.198%	$25K	$14K	20x	as long as short
Hotstuff GOLD-PERP	−0.0008%	1h	4,318.9	−0.119%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,326	+0.046%	$92K	$8.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,318.5	−0.129%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0010%	4h	4,323.8	−0.006%	$77.4M	$157.0M	150x	as long as short
Extended XAU-USD	+0.0032%	1h	4,319.9	−0.096%	$13.2M	$36.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.610%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,323.3	−0.017%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,320.8	−0.075%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,354.7	+0.709%	—	$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:GOLD	+0.0050%	1h	4,320.2	−0.089%	$291.5M	$51.7M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,317	−0.164%	$15.0M	$55.8M	25x	as long as short
Lighter XAU	+0.0064%	1h	4,321.4	−0.060%	$20.3M	$30.2M	25x	as long as short
Kalshi KXGOLDPERP	+0.0069%	24h	4,324	−0.001%	$3.8M	$43.1M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,319.9	−0.096%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0073%	8h	4,322.8	−0.029%	$19K	$5K	5x	as long as short
Aster XAUUSD1	+0.0081%	4h	4,324.6	+0.014%	$72.4M	$311.2M	20x	as long as short
GRVT XAU_USDT_Perp	+0.0082%	4h	4,321.1	−0.068%	$1.4M	$3.0M	25x	as long as short
Gate XAU_USDT	+0.0084%	4h	4,326.2	+0.051%	$278.7M	$409.8M	100x	as long as short
Variational Omni XAU	+0.0093%	4h	4,320.2	−0.088%	$47.3M	$29.3M	—	as long as short
Phoenix GOLD	+0.0100%	1h	4,320.2	−0.089%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,319.2	−0.113%	$1.4M	$1.2M	10x	as long as short
MEXC XAU_USDTlong	+0.0100%	4h	4,324	long leg	$362.2M	$326.5M	1000x
ApeX Omni XAUUSDT	+0.0100%	1h	4,319.8	−0.098%	$272K	$208K	50x	as long as short
Binance XAUUSDT	+0.0101%	4h	4,322.5	−0.037%	$415.2M	$2.14B	100x	as long as short
Lighter RH XAU	+0.0104%	1h	4,324.6	+0.012%	$19.8M	$38.4M	25x	as long as short
Aevo XAU-PERPshort	+0.0104%	1h	4,321.7	−0.054%	$160K	$87	10x
edgeX XAUUSDC	+0.0105%	4h	4,319.3	−0.110%	$30.1M	$60.8M	50x	as long as short
Kraken Futures PF_XAUUSD	+0.0154%	1h	4,319.6	−0.103%	$588K	$131K	25x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,324.6	+0.013%	$4.2M	$12.8M	25x	as long as short
Bullet GOLD-USD	+0.0199%	1h	4,322.2	−0.043%	$59K	$81K	10x	as long as short
HTX XAU-USDT	+0.0217%	4h	4,324.8	+0.018%	$2.8M	$5.0M	75x	as long as short
Polymarket Perps GOLD-USD	+0.0219%	1h	4,322.6	−0.033%	$4.2M	$1.9M	20x	as long as short
Bitget XAUUSDT	+0.0236%	4h	4,323.3	−0.018%	$68.0M	$119.3M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0316%	8h	4,323.4	−0.015%	$170.3M	$296.8M	100x	as long as short
BloFin XAU-USDT	+0.0342%	4h	4,322.6	−0.033%	$16.2M	$4.4M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0352%	1h	4,322.1	−0.045%	$193K	$830K	25x	as long as short
Phemex XAUUSDT	+0.0397%	4h	4,324.3	+0.007%	$2.2M	$962K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0463% / S −0.0307%	1h	4,322.2	−0.042%	$252K	—	111x	as long as short