Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0288%/8h= −31.5% APRpaid last 24h −0.043%

Price spread now: StandX against OKX+0.032%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$250.249% of the position

Long on OKX Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 7 days−0.029%−$3 · spread now +0.032%, 7d avg +0.005%

Together, before fees−0.071%+ Points / potential airdropStandX: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. StandX is 0.027% dearer against OKX than usual: you sell high and buy low (spread +0.032% now, against its 7-day average of +0.005%): +$3 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.042% in total) that is about 4.6 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.042% in total (about -2.2% 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	OKX XAU-USDT-SWAP	4,335.6	0.0328	pay 0.0328% / 8h	2h 06m	$170.6M	$297.4M	100x
Short	StandX XAU-USD	4,337	0.0040	get 0.0005% / 1h	6m 13s	$3.8M	$4.5M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$60.42
Price spread: +0.032% → +0.005%: $2.72
Slippage, 4 orders: −$6.91
Fee OKX: 5 bp × 2 orders: −$10
Fee StandX: 4 bp × 2 orders: −$8
Net: −$82.6
Costs to cover: 0.249%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; StandX: live order book, 3 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, 3 min ago	0.12 bp	5.2 bp −$5	5.7 bp −$57	8.3 bp −$833	17.0 bp −$8,497
Sell StandX live order book, 3 min ago	0.12 bp	9.8 bp −$10	10.2 bp −$102	10.9 bp −$1,094	15.0 bp −$7,482

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
SunX XAU-USDT	0.0000%	4h	4,338.8	+0.075%	$92K	$8.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,331.8	−0.088%	$271K	—	250x	as long as short
Bybit XAUUSDT	+0.0006%	4h	4,335.9	+0.006%	$78.4M	$156.4M	150x	as long as short
Extended XAU-USD	+0.0032%	1h	4,331.7	−0.090%	$13.1M	$36.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.342%	$619	$54	52x	as long as short
StandX XAU-USDshort	+0.0040%	1h	4,337	+0.032%	$3.8M	$4.5M	40x
QFEX GOLD-USD	+0.0044%	1h	4,334.2	−0.032%	$5.5M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,368.5	+0.759%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,334.4	−0.028%	$20.4M	$31.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,330.9	−0.108%	$292.1M	$51.6M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,332.2	−0.080%	$15.0M	$56.5M	25x	as long as short
RISEx XAU/USDC	+0.0054%	1h	4,337.2	+0.036%	$3.8M	$12.5M	25x	as long as short
Gate XAU_USDT	+0.0062%	4h	4,335.6	0.000%	$271.0M	$419.1M	100x	as long as short
Kalshi KXGOLDPERP	+0.0064%	24h	4,336.2	+0.014%	$4.0M	$42.3M	15x	as long as short
Paradex XAU-USD-PERP	+0.0071%	8h	4,336.4	+0.019%	$19K	$5K	5x	as long as short
Lighter RH XAU	+0.0072%	1h	4,336.6	+0.022%	$19.9M	$39.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,333.5	−0.048%	$2.0M	$4.8M	25x	as long as short
Aster XAUUSD1	+0.0094%	4h	4,336.5	+0.022%	$72.4M	$329.9M	20x	as long as short
Pacifica XAU	+0.0100%	1h	4,332.7	−0.068%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,330	−0.129%	$273K	$208K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,329.5	−0.140%	$25K	$14K	20x	as long as short
Variational Omni XAU	+0.0101%	4h	4,331.5	−0.095%	$46.8M	$28.6M	—	as long as short
GRVT XAU_USDT_Perp	+0.0104%	4h	4,333.5	−0.050%	$1.4M	$3.0M	25x	as long as short
MEXC XAU_USDT	+0.0110%	4h	4,335.4	−0.004%	$364.1M	$331.1M	1000x	as long as short
Binance XAUUSDT	+0.0110%	4h	4,335	−0.014%	$414.4M	$2.12B	100x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,335	−0.014%	$161K	$87	10x	as long as short
edgeX XAUUSDC	+0.0126%	4h	4,327.8	−0.180%	$30.1M	$60.3M	50x	as long as short
Phoenix GOLD	+0.0127%	1h	4,330.6	−0.115%	$47K	$77K	25x	as long as short
Hotstuff GOLD-PERP	+0.0152%	1h	4,331	−0.106%	$32K	—	25x	as long as short
Bullet GOLD-USD	+0.0159%	1h	4,335.8	+0.004%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0176%	1h	4,335.2	−0.009%	$4.2M	$2.0M	20x	as long as short
HTX XAU-USDT	+0.0225%	4h	4,338.6	+0.069%	$2.8M	$5.0M	75x	as long as short
Kraken Futures PF_XAUUSD	+0.0247%	1h	4,332.5	−0.072%	$590K	$130K	25x	as long as short
Bitget XAUUSDT	+0.0250%	4h	4,334.1	−0.035%	$68.1M	$118.9M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0304%	1h	4,334.5	−0.025%	$195K	$826K	25x	as long as short
OKX XAU-USDT-SWAPlong	+0.0328%	8h	4,335.6	long leg	$170.6M	$297.4M	100x
Phemex XAUUSDT	+0.0347%	4h	4,337	+0.033%	$2.2M	$962K	100x	as long as short
BloFin XAU-USDT	+0.0356%	4h	4,334.5	−0.026%	$16.0M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0461% / S −0.0304%	1h	4,335.3	−0.006%	$253K	—	111x	as long as short