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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0045%/8h= −5.0% APRnext payment $0.06 per $10,000 · paid last 24h +0.020%
Price spread now: RISEx against Ondo Perps+0.078%7-day average +0.133% · you sell dearer than you buy
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 4 days (all we have)+0.041%+$4 on $10k
Price spread, last 7 days+0.080%+$8 · spread now +0.078%, 7d avg +0.133%
Together, before fees+0.121%+ Points / potential airdropOndo Perps: Active · farm board+$12 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and RISEx is 0.055% cheaper against Ondo Perps than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.133%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps XAU-USD.P4,341.20.0050pay 0.0006% / 1h14m 59s$15.0M$56.9M25x
ShortRISEx XAU/USDC4,344.60.0005get 0.0001% / 1h14m 59s$3.8M$12.5M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx against Ondo Perps. 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
−$9.54
Price spread: +0.078% → +0.133%
−$5.51
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$26.05
Costs to cover
0.110%
Break-even
never at this rate
Slippage unknown: Ondo Perps: no order-book sample; RISEx: live order book, 4 min ago. 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 Ondo Perps no order-book sample
Sell RISEx live order book, 4 min ago0.01 bp3.7 bp −$44.9 bp −$4937.1 bp −$3,708doesn't fit
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
SunX XAU-USDT0.0000%4h4,348.3+0.164%$92K$8.6M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,340.1−0.025%$272K250xas long as short
RISEx XAU/USDCshort+0.0005%1h4,344.6+0.078%$3.8M$12.5M25x
Bluefin GOLD-PERP+0.0011%1h4,337.5−0.086%$25K$14K20xas long as short
Extended XAU-USD+0.0032%1h4,340.1−0.025%$13.3M$37.2M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.212%$619$5452xas long as short
Bybit XAUUSDT+0.0039%4h4,345.3+0.094%$79.9M$152.1M150xas long as short
Hotstuff GOLD-PERP+0.0040%1h4,340.6−0.014%$33K25xas long as short
StandX XAU-USD+0.0040%1h4,345.1+0.090%$3.8M$4.5M40xas long as short
QFEX GOLD-USD+0.0042%1h4,343.7+0.058%$5.6M$2.1M20xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest GC-PERP+0.0046%1h4,376.7+0.818%$1.0M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,340.7−0.012%$293.6M$49.2M25xas long as short
Ondo Perps XAU-USD.Plong+0.0050%1h4,341.2long leg$15.0M$56.9M25x
Kalshi KXGOLDPERP+0.0051%24h4,342.2+0.023%$4.3M$37.4M15xas long as short
Lighter XAU+0.0056%1h4,343.1+0.045%$20.7M$34.7M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0056%1h4,339.3−0.044%$2.1M$4.7M25xas long as short
Paradex XAU-USD-PERP+0.0062%8h4,343.8+0.061%$19K$5K5xas long as short
Lighter RH XAU+0.0072%1h4,345.5+0.100%$20.2M$40.1M25xas long as short
Gate XAU_USDT+0.0080%4h4,345.8+0.106%$268.3M$418.3M100xas long as short
Aster XAUUSD1+0.0095%4h4,345.5+0.099%$71.5M$331.7M20xas long as short
Pacifica XAU+0.0100%1h4,340.2−0.023%$1.4M$1.1M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,340.8−0.008%$274K$203K50xas long as short
Variational Omni XAU+0.0107%4h4,343.1+0.043%$48.4M$27.5Mas long as short
Aevo XAU-PERP+0.0112%1h4,343.3+0.049%$161K$8710xas long as short
MEXC XAU_USDT+0.0118%4h4,344.1+0.067%$371.5M$320.9M1000xas long as short
Binance XAUUSDT+0.0119%4h4,344.4+0.074%$418.7M$2.09B100xas long as short
Phoenix GOLD+0.0136%1h4,340.9−0.007%$47K$77K25xas long as short
edgeX XAUUSDC+0.0136%4h4,340.1−0.026%$30.2M$58.3M50xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0165%1h4,342.4+0.028%$205K$825K25xas long as short
Phemex XAUUSDT+0.0170%4h4,346.7+0.126%$2.2M$967K100xas long as short
GRVT XAU_USDT_Perp+0.0172%4h4,344.3+0.071%$1.4M$2.9M25xas long as short
Polymarket Perps GOLD-USD+0.0209%1h4,343.6+0.055%$4.3M$2.0M20xas long as short
Bullet GOLD-USD+0.0210%1h4,344.1+0.068%$59K$82K10xas long as short
Kraken Futures PF_XAUUSD+0.0259%1h4,340.5−0.016%$592K$132K25xas long as short
Bitget XAUUSDT+0.0270%4h4,344.9+0.085%$71.1M$109.3M100xas long as short
OKX XAU-USDT-SWAP+0.0327%8h4,345.1+0.090%$167.2M$282.7M100xas long as short
BloFin XAU-USDT+0.0359%4h4,344.1+0.067%$15.7M$4.4M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0427% / S −0.0252%1h4,344.1+0.068%$250K111xas long as short
HTX XAU-USDT+0.0501%4h4,346.8+0.129%$2.8M$4.6M75xas long as short