Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0545%/8h= +59.7% APRpaid last 24h −0.006%

Price spread now: RISEx against MEXC+0.008%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$120.124% of the position

Long on MEXC Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.010%+$1 on $10k

Price spread, last 7 days−0.005%−$1 · spread now +0.008%, 7d avg +0.001%

Together, before fees+0.005%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: +$16 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.010% in total (about 1.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XAU_USDT	4,326.2	0.0098	pay 0.0049% / 4h	47m 27s	$364.9M	$325.4M	1000x
Short	RISEx XAU/USDC	4,326.5	0.0643	get 0.0080% / 1h	47m 27s	$4.4M	$13.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.008%Rate

Funding earned: $114.41
Price spread: +0.008% → +0.001%: $0.63
Slippage, 4 orders: −$2.41
Fee MEXC: 2 bp × 2 orders: −$4
Fee RISEx: 3 bp × 2 orders: −$6
Net: $102.63
Costs to cover: 0.124%
Break-even: 0.7 days

Slippage from MEXC: live order book, 2 min ago; RISEx: live order book, 2 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, 2 min ago	0.04 bp	2.0 bp −$2	2.2 bp −$22	7.1 bp −$711	20.9 bp −$10.4K
Sell RISEx live order book, 2 min ago	0.01 bp	3.0 bp −$3	4.0 bp −$40	33.7 bp −$3,374	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	−0.0132%	1h	4,318.1	−0.186%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,330.2	+0.092%	$92K	$7.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,322.5	−0.085%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0027%	4h	4,327.3	+0.025%	$77.0M	$153.2M	150x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.560%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,326.2	0.000%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,323.4	−0.064%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,358	+0.736%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,322.2	−0.092%	$291.8M	$51.6M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,321.4	−0.111%	$15.0M	$55.7M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XAUUSD1	+0.0060%	4h	4,327.8	+0.038%	$72.9M	$272.6M	20x	as long as short
Lighter XAU	+0.0064%	1h	4,324.8	−0.033%	$20.3M	$29.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0064%	1h	4,321.1	−0.117%	$32K	—	25x	as long as short
Paradex XAU-USD-PERP	+0.0069%	8h	4,324.7	−0.035%	$2K	$14K	5x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,323	−0.074%	$2.1M	$4.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0088%	24h	4,325.6	−0.013%	$3.8M	$44.5M	15x	as long as short
Variational Omni XAU	+0.0092%	4h	4,321	−0.120%	$47.3M	$29.0M	—	as long as short
Phoenix GOLD	+0.0096%	1h	4,319.3	−0.159%	$47K	$79K	25x	as long as short
Gate XAU_USDT	+0.0098%	4h	4,327.6	+0.033%	$279.7M	$411.3M	100x	as long as short
MEXC XAU_USDTlong	+0.0098%	4h	4,326.2	long leg	$364.9M	$325.4M	1000x
Binance XAUUSDT	+0.0100%	4h	4,326.3	+0.003%	$425.7M	$2.14B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,321.6	−0.106%	$1.4M	$1.2M	10x	as long as short
GRVT XAU_USDT_Perp	+0.0100%	4h	4,323.9	−0.052%	$1.4M	$3.0M	25x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,319.8	−0.147%	$272K	$208K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,324.5	−0.039%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0106%	4h	4,317.6	−0.199%	$30.0M	$59.6M	50x	as long as short
Lighter RH XAU	+0.0120%	1h	4,327.2	+0.023%	$20.0M	$38.7M	25x	as long as short
Extended XAU-USD	+0.0160%	1h	4,321.5	−0.109%	$13.1M	$36.7M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0166%	1h	4,324.1	−0.048%	$163K	$865K	25x	as long as short
Bitget XAUUSDT	+0.0200%	4h	4,325.6	−0.013%	$70.3M	$118.9M	100x	as long as short
Bullet GOLD-USD	+0.0202%	1h	4,326.3	+0.002%	$59K	$80K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0218%	1h	4,325.9	−0.006%	$4.3M	$2.0M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0228%	1h	4,322.4	−0.087%	$578K	$136K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0286%	8h	4,326.4	+0.005%	$173.7M	$300.9M	100x	as long as short
BloFin XAU-USDT	+0.0340%	4h	4,323.1	−0.072%	$16.4M	$4.6M	100x	as long as short
HTX XAU-USDT	+0.0370%	4h	4,330.1	+0.091%	$3.2M	$5.9M	75x	as long as short
Phemex XAUUSDT	+0.0376%	4h	4,327	+0.018%	$2.2M	$974K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,326.3	+0.004%	$253K	—	111x	as long as short
RISEx XAU/USDCshort	+0.0643%	1h	4,326.5	+0.008%	$4.4M	$13.3M	25x