Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%

Price spread now: Binance against RISEx−0.002%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$170.168% of the position

Long on RISEx Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.009%−$1 on $10k

Price spread, last 2 days (all we have)−0.008%−$1 · spread now −0.002%, 7d avg −0.004%

Together, before fees−0.016%−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XAU/USDC	4,353.5	0	get 0.0000% / 1h	47m 21s	$3.4M	$12.5M	25x
Short	Binance XAUUSDT	4,353.4	0	get 0.0000% / 4h	1h 47m	$410.1M	$2.09B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against RISEx. 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 RISExbpFee BinancebpOrdersPrice spread, now −0.002%Rate

Funding earned: $0
Price spread: −0.002% → −0.004%: $0.13
Slippage, 4 orders: −$0.77
Fee RISEx: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$16.64
Costs to cover: 0.168%
Break-even: never at this rate

Slippage from RISEx: live order book, 2 min ago; Binance: live order book, 12 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 RISEx live order book, 2 min ago	0.01 bp	3.0 bp −$3	3.7 bp −$37	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	0.01 bp	5.0 bp −$5	5.4 bp −$54	9.6 bp −$962	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
Kraken Futures PF_XAUUSD	−0.0175%	1h	4,351.1	−0.056%	$600K	$160K	25x	as long as short
tradeXYZ xyz:GOLD	−0.0062%	1h	4,348.8	−0.108%	$292.8M	$53.5M	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,353.3	−0.005%	$71.3M	$238.6M	20x	as long as short
Binance XAUUSDTshort	0.0000%	4h	4,353.4	−0.002%	$410.1M	$2.09B	100x
Bybit XAUUSDT	0.0000%	4h	4,353.8	+0.006%	$82.5M	$141.8M	150x	as long as short
RISEx XAU/USDClong	0.0000%	1h	4,353.5	long leg	$3.4M	$12.5M	25x
Gate XAU_USDT	0.0000%	4h	4,354.4	+0.021%	$271.0M	$406.9M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,353.5	0.000%	$375.2M	$349.1M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,353.8	+0.007%	$67.3M	$110.8M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,351.3	−0.050%	$47.9M	$32.5M	—	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XAU_USDT_Perp	0.0000%	4h	4,352.5	−0.024%	$1.4M	$3.2M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,351.1	−0.055%	$3.9M	$34.0M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,357.4	+0.090%	$93K	$10.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,349.9	−0.083%	$267K	—	10x	as long as short
QFEX GOLD-USD	+0.0002%	1h	4,352	−0.035%	$5.5M	$1.9M	20x	as long as short
edgeX XAUUSDC	+0.0014%	4h	4,346.6	−0.159%	$30.3M	$58.2M	50x	as long as short
Lighter XAU	+0.0032%	1h	4,351.8	−0.040%	$20.8M	$43.4M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,353.6	+0.001%	$20.2M	$41.1M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,349.9	−0.083%	$13.0M	$49.6M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.071%	$619	$54	52x	as long as short
HTX XAU-USDT	+0.0033%	4h	4,356.9	+0.078%	$2.8M	$3.8M	75x	as long as short
StandX XAU-USD	+0.0040%	1h	4,350.4	−0.072%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,387.3	+0.776%	—	$1.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0048%	1h	4,348.5	−0.115%	$33K	—	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,351.8	−0.039%	$4.3M	$1.7M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,349.1	−0.102%	$14.5M	$55.4M	25x	as long as short
Paradex XAU-USD-PERP	+0.0051%	8h	4,353.5	0.000%	$19K	$6K	5x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,352.7	−0.018%	$161K	$87	10x	as long as short
Bullet GOLD-USD	+0.0091%	1h	4,353.4	−0.002%	$59K	$84K	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,350.1	−0.078%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,349.7	−0.088%	$273K	$204K	50x	as long as short
Phoenix GOLD	+0.0109%	1h	4,348.8	−0.108%	$47K	$65K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0118%	1h	4,351.8	−0.039%	$221K	$853K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0164%	8h	4,354.2	+0.016%	$158.6M	$268.3M	100x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0208%	1h	4,350.8	−0.062%	$2.0M	$5.1M	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,352.7	−0.019%	$14.7M	$4.3M	100x	as long as short
Phemex XAUUSDT	+0.0318%	4h	4,354.1	+0.014%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0450% / S −0.0246%	1h	4,353.4	−0.002%	$251K	—	29x	as long as short
Bluefin GOLD-PERP	+0.0660%	1h	4,349.9	−0.084%	$26K	$21K	20x	as long as short