Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0141%/8h= −15.5% APRpaid last 24h −0.034%

Price spread now: Binance against OKX−0.019%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$210.212% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%+$1 on $10k

Price spread, last 7 days+0.017%+$2 · spread now −0.019%, 7d avg −0.004%

Together, before fees+0.023%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XAU-USDT-SWAP	4,306	0.0250	pay 0.0250% / 8h	7h 29m	$170.8M	$330.8M	100x
Short	Binance XAUUSDT	4,305.2	0.0109	get 0.0054% / 4h	3h 29m	$435.8M	$2.23B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now −0.019%Rate

Funding earned: −$29.67
Price spread: −0.019% → −0.004%: −$1.55
Slippage, 4 orders: −$1.2
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$52.42
Costs to cover: 0.212%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Binance: live order book, 14 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 OKX live order book, 4 min ago	0.12 bp	5.1 bp −$5	5.1 bp −$51	5.5 bp −$553	11.9 bp −$5,944
Sell Binance live order book, 14 min ago	0.01 bp	5.0 bp −$5	5.1 bp −$51	7.0 bp −$701	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
Hotstuff GOLD-PERP	−0.0040%	1h	4,300.7	−0.123%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,306.8	+0.017%	$92K	$6.8M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,300.2	−0.136%	$273K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+1.032%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,308.6	+0.060%	$3.8M	$4.5M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,335.6	+0.687%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,302.8	−0.074%	$6.6M	$3.1M	20x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,302.2	−0.088%	$290.8M	$54.1M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,299.7	−0.146%	$4.3M	$1.8M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,301.6	−0.103%	$15.0M	$55.8M	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	+0.0055%	4h	4,306.3	+0.006%	$73.4M	$271.7M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,298.6	−0.172%	$2.0M	$5.1M	25x	as long as short
Paradex XAU-USD-PERP	+0.0061%	8h	4,304.6	−0.034%	$2K	$13K	5x	as long as short
Extended XAU-USD	+0.0072%	1h	4,301	−0.116%	$13.0M	$36.3M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0074%	4h	4,307.8	+0.041%	$1.4M	$3.0M	25x	as long as short
Lighter XAU	+0.0080%	1h	4,304.3	−0.041%	$20.3M	$29.1M	25x	as long as short
Variational Omni XAU	+0.0092%	4h	4,306.3	+0.008%	$46.7M	$29.2M	—	as long as short
Phoenix GOLD	+0.0095%	1h	4,306.2	+0.005%	$42K	$86K	25x	as long as short
Bybit XAUUSDT	+0.0098%	4h	4,306	+0.001%	$77.5M	$158.0M	150x	as long as short
Pacifica XAU	+0.0100%	1h	4,301.8	−0.098%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,303.1	−0.068%	$275K	$218K	50x	as long as short
Lighter RH XAU	+0.0104%	1h	4,306.9	+0.020%	$19.8M	$40.0M	25x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,302	−0.092%	$159K	$87	10x	as long as short
MEXC XAU_USDT	+0.0108%	4h	4,305.2	−0.019%	$353.5M	$339.1M	1000x	as long as short
Binance XAUUSDTshort	+0.0109%	4h	4,305.2	−0.019%	$435.8M	$2.23B	100x
Kalshi KXGOLDPERP	+0.0111%	24h	4,305	−0.023%	$3.7M	$46.6M	15x	as long as short
edgeX XAUUSDC	+0.0121%	4h	4,304.2	−0.041%	$30.0M	$61.9M	50x	as long as short
RISEx XAU/USDC	+0.0126%	1h	4,304.8	−0.028%	$4.4M	$13.1M	25x	as long as short
Gate XAU_USDT	+0.0148%	4h	4,307.5	+0.034%	$297.1M	$429.2M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0169%	1h	4,301.7	−0.100%	$134K	$849K	25x	as long as short
Bitget XAUUSDT	+0.0194%	4h	4,305.6	−0.008%	$70.5M	$125.5M	100x	as long as short
Bullet GOLD-USD	+0.0198%	1h	4,303.1	−0.068%	$58K	$81K	10x	as long as short
OKX XAU-USDT-SWAPlong	+0.0250%	8h	4,306	long leg	$170.8M	$330.8M	100x
Kraken Futures PF_XAUUSD	+0.0329%	1h	4,300.3	−0.133%	$572K	$139K	25x	as long as short
BloFin XAU-USDT	+0.0388%	4h	4,307.2	+0.028%	$16.2M	$5.0M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0467% / S −0.0314%	1h	4,304.2	−0.041%	$255K	—	111x	as long as short
Phemex XAUUSDT	+0.0583%	4h	4,308	+0.047%	$2.2M	$956K	100x	as long as short
HTX XAU-USDT	+0.1148%	4h	4,310.6	+0.107%	$3.2M	$6.3M	75x	as long as short
Bluefin GOLD-PERP	+0.3495%	1h	4,300.2	−0.134%	$25K	$1K	20x	as long as short