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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.017%
Price spread now: RISEx against Phoenix+0.017%7-day average · 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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix GOLD4,370.3−0.0004get 0.0000% / 1h15m 21s$48K$65K25x
ShortRISEx XAU/USDC4,3710get 0.0000% / 1h15m 21s$3.4M$12.3M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx against Phoenix. 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
$0.77
Price spread: +0.017% → 0.000%
$1.66
Slippage, 4 orders
no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$10.57
Costs to cover
0.130%
Break-even
103.0 days
Slippage unknown: Phoenix: 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 Phoenix no order-book sample
Sell RISEx live order book, 4 min ago0.27 bp3.3 bp −$34.5 bp −$4565.1 bp −$6,508doesn't fit
Phoenix: 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
Bluefin GOLD-PERP−0.0230%1h4,363.3−0.161%$26K$22K20xas long as short
Hotstuff GOLD-PERP−0.0008%1h4,366.9−0.078%$33K25xas long as short
Phoenix GOLDlong−0.0004%1h4,370.3long leg$48K$65K25x
Aster XAUUSD10.0000%4h4,371.1+0.018%$71.9M$224.9M20xas long as short
Binance XAUUSDT0.0000%4h4,370.6+0.006%$410.8M$2.14B100xas long as short
Bybit XAUUSDT0.0000%4h4,371.2+0.021%$82.7M$142.6M150xas long as short
RISEx XAU/USDCshort0.0000%1h4,371+0.017%$3.4M$12.3M25x
Gate XAU_USDT0.0000%4h4,371.3+0.022%$267.4M$417.7M100xas long as short
MEXC XAU_USDT0.0000%4h4,370.5+0.005%$375.3M$324.1M1000xas long as short
Bitget XAUUSDT0.0000%4h4,370.4+0.002%$69.6M$113.4M100xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni XAU0.0000%4h4,370.5+0.004%$48.5M$29.3Mas long as short
GRVT XAU_USDT_Perp0.0000%4h4,371+0.017%$1.4M$3.1M25xas long as short
Kalshi KXGOLDPERP0.0000%24h4,368−0.053%$4.0M$36.2M15xas long as short
SunX XAU-USDT0.0000%4h4,375.3+0.115%$93K$10.6M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,366.5−0.087%$268K250xas long as short
edgeX XAUUSDC+0.0009%4h4,365.9−0.101%$30.4M$59.4M50xas long as short
QFEX GOLD-USD+0.0032%1h4,370−0.007%$5.4M$1.9M20xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.455%$619$5452xas long as short
Lighter XAU+0.0040%1h4,369.7−0.014%$20.7M$44.9M25xas long as short
StandX XAU-USD+0.0040%1h4,371.8+0.034%$3.8M$4.7M40xas long as short
Vest GC-PERP+0.0046%1h4,404.8+0.789%$1.0M25xas long as short
Lighter RH XAU+0.0048%1h4,372.2+0.043%$20.2M$42.3M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,366.6−0.085%$294.2M$52.5M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,367−0.076%$14.7M$57.0M25xas long as short
Paradex XAU-USD-PERP+0.0054%8h4,370.5+0.005%$19K$5K5xas long as short
Extended XAU-USD+0.0056%1h4,366.8−0.081%$13.1M$45.5M25xas long as short
Aevo XAU-PERP+0.0080%1h4,370.1−0.004%$162K$8710xas long as short
Pacifica XAU+0.0100%1h4,367.4−0.066%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,368.6−0.040%$277K$204K50xas long as short
Polymarket Perps GOLD-USD+0.0104%1h4,370−0.007%$4.3M$1.8M20xas long as short
Bullet GOLD-USD+0.0111%1h4,370.7+0.009%$59K$81K10xas long as short
Coinbase International GOLD-PERP-INTX+0.0152%1h4,370.1−0.005%$2.0M$5.1M25xas long as short
OKX XAU-USDT-SWAP+0.0162%8h4,371.3+0.023%$158.6M$274.4M100xas long as short
HTX XAU-USDT+0.0181%4h4,377+0.154%$2.8M$3.8M75xas long as short
Kraken Futures PF_XAUUSD+0.0219%1h4,367.7−0.058%$602K$137K25xas long as short
BloFin XAU-USDT+0.0240%4h4,371+0.017%$14.8M$4.5M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0254%1h4,369.1−0.027%$235K$736K25xas long as short
Phemex XAUUSDT+0.0317%4h4,370.3−0.001%$2.2M$1.1M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0389% / S −0.0197%1h4,370.7+0.009%$252K111xas long as short