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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0199%/8h= −21.7% APRpaid last 24h −0.049%
Price spread now: Ondo Perps against OKX−0.113%7-day average −0.137% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.071%−$7 on $10k
Price spread, last 7 days+0.075%+$7 · spread now −0.113%, 7d avg −0.137%
Together, before fees+0.004%+ Points / potential airdropOndo Perps: Active · farm board$0 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.024% dearer against OKX than usual: you sell high and buy low (spread −0.113% now, against its 7-day average of −0.137%): +$2 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.071% in total) that is about 2.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.071% in total (about -3.7% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX XAU-USDT-SWAP4,309.60.0249pay 0.0249% / 8h7h 37m$171.0M$329.3M100x
ShortOndo Perps XAU-USD.P4,304.70.0050get 0.0006% / 1h37m 43s$15.0M$55.8M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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

Funding earned
−$41.71
Price spread: −0.113% → −0.137%
$2.38
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$54.33
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: OKX: live order book, 1 min ago; Ondo Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 1 min ago0.12 bp5.5 bp −$55.9 bp −$597.4 bp −$74114.8 bp −$7,386
Sell Ondo Perps no order-book sample
Ondo Perps: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff GOLD-PERP−0.0032%1h4,305.5−0.095%$32K25xas long as short
SunX XAU-USDT0.0000%4h4,312.4+0.065%$92K$6.8M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,304.6−0.115%$278K250xas long as short
GRVT XAU_USDT_Perp+0.0018%4h4,306−0.084%$1.4M$3.1M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.947%$619$5452xas long as short
Vest GC-PERP+0.0046%1h4,339.9+0.703%$1.0M25xas long as short
QFEX GOLD-USD+0.0046%1h4,307−0.060%$6.6M$3.1M20xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,305.6−0.093%$291.0M$53.8M25xas long as short
Polymarket Perps GOLD-USD+0.0050%1h4,304.7−0.114%$4.3M$1.8M20xas long as short
StandX XAU-USD+0.0050%1h4,309.7+0.002%$3.8M$4.5M40xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps XAU-USD.Pshort+0.0050%1h4,304.7−0.113%$15.0M$55.8M25x
Aster XAUUSD1+0.0052%4h4,309.7+0.003%$73.4M$271.8M20xas long as short
Extended XAU-USD+0.0056%1h4,304.5−0.118%$13.1M$36.3M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0056%1h4,303.6−0.139%$2.0M$5.1M25xas long as short
Paradex XAU-USD-PERP+0.0061%8h4,308−0.038%$2K$13K5xas long as short
Lighter XAU+0.0080%1h4,307.8−0.042%$20.3M$28.8M25xas long as short
Variational Omni XAU+0.0087%4h4,306.3−0.078%$46.6M$29.2Mas long as short
Phoenix GOLD+0.0095%1h4,303.2−0.149%$42K$86K25xas long as short
Bybit XAUUSDT+0.0095%4h4,309.7+0.003%$77.5M$157.2M150xas long as short
Lighter RH XAU+0.0096%1h4,310.4+0.019%$19.8M$39.9M25xas long as short
Pacifica XAU+0.0100%1h4,304.8−0.111%$1.4M$1.2M10xas long as short
MEXC XAU_USDT+0.0100%4h4,308.6−0.024%$361.0M$337.0M1000xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,304.3−0.123%$275K$218K50xas long as short
Binance XAUUSDT+0.0102%4h4,308.7−0.021%$434.3M$2.22B100xas long as short
Aevo XAU-PERP+0.0104%1h4,307.1−0.058%$160K$8710xas long as short
Kalshi KXGOLDPERP+0.0109%24h4,310+0.009%$3.7M$46.4M15xas long as short
edgeX XAUUSDC+0.0111%4h4,306.8−0.066%$30.0M$61.5M50xas long as short
RISEx XAU/USDC+0.0126%1h4,308.1−0.034%$4.4M$13.1M25xas long as short
Gate XAU_USDT+0.0150%4h4,311+0.032%$296.3M$426.0M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0168%1h4,307.1−0.058%$134K$884K25xas long as short
Bitget XAUUSDT+0.0190%4h4,308.8−0.019%$70.3M$124.5M100xas long as short
Bullet GOLD-USD+0.0200%1h4,308.4−0.027%$58K$81K10xas long as short
OKX XAU-USDT-SWAPlong+0.0249%8h4,309.6long leg$171.0M$329.3M100x
Kraken Futures PF_XAUUSD+0.0328%1h4,306−0.085%$573K$138K25xas long as short
BloFin XAU-USDT+0.0364%4h4,308.3−0.030%$16.2M$5.0M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0466% / S −0.0314%1h4,308.7−0.020%$255K111xas long as short
Phemex XAUUSDT+0.0580%4h4,311.1+0.034%$2.2M$955K100xas long as short
HTX XAU-USDT+0.1078%4h4,315.7+0.141%$3.2M$6.2M75xas long as short
Bluefin GOLD-PERP+0.5012%1h4,302.8−0.157%$25K$1K20xas long as short