Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0098%/8h= −10.8% APRpaid last 24h −0.017%

Price spread now: Gate against RISEx−0.040%7-day average +0.028% · 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−$30as in the Price arb table

costs, in and out, $10k−$230.233% of the position

Long on RISEx Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.068%−$7 on $10k

Price spread, last 7 days+0.081%+$8 · spread now −0.040%, 7d avg +0.028%

Together, before fees+0.012%+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.068% cheaper against RISEx than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.028%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XAU/USDC	4,324.5	0.0184	pay 0.0023% / 1h	48m 06s	$4.2M	$12.8M	25x
Short	Gate XAU_USDT	4,322.8	0.0086	get 0.0043% / 4h	1h 48m	$279.1M	$410.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.040%Rate

Funding earned: −$20.64
Price spread: −0.040% → +0.028%: −$6.79
Slippage, 4 orders: −$2.28
Fee RISEx: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$50.72
Costs to cover: 0.233%
Break-even: never at this rate

Slippage from RISEx: live order book, 1 min ago; Gate: live order book, 1 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, 1 min ago	0.65 bp	4.5 bp −$5	5.7 bp −$57	34.1 bp −$3,413	doesn't fit
Sell Gate live order book, 1 min ago	0.01 bp	7.5 bp −$8	7.8 bp −$78	12.7 bp −$1,273	14.4 bp −$7,191

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
Bluefin GOLD-PERP	−0.0091%	1h	4,313.7	−0.252%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,324.4	−0.003%	$92K	$8.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,316.2	−0.193%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0010%	4h	4,321.6	−0.068%	$77.4M	$156.8M	150x	as long as short
Extended XAU-USD	+0.0032%	1h	4,316.7	−0.182%	$13.2M	$36.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.598%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,324.4	−0.003%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,321.1	−0.080%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,353.8	+0.677%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,317.5	−0.163%	$291.3M	$51.7M	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	4,318	−0.151%	$15.0M	$55.8M	25x	as long as short
Lighter XAU	+0.0064%	1h	4,319.5	−0.117%	$20.3M	$30.3M	25x	as long as short
Kalshi KXGOLDPERP	+0.0070%	24h	4,324.9	+0.008%	$3.9M	$43.2M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,319.3	−0.121%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0073%	8h	4,322.5	−0.048%	$19K	$5K	5x	as long as short
Aster XAUUSD1	+0.0081%	4h	4,322.6	−0.045%	$72.4M	$311.2M	20x	as long as short
GRVT XAU_USDT_Perp	+0.0082%	4h	4,321.1	−0.079%	$1.4M	$3.0M	25x	as long as short
Gate XAU_USDTshort	+0.0086%	4h	4,322.8	−0.040%	$279.1M	$410.2M	100x
Variational Omni XAU	+0.0093%	4h	4,320.2	−0.100%	$47.3M	$29.3M	—	as long as short
Lighter RH XAU	+0.0096%	1h	4,322.1	−0.057%	$19.8M	$38.4M	25x	as long as short
Hotstuff GOLD-PERP	+0.0096%	1h	4,320.3	−0.098%	$32K	—	25x	as long as short
Phoenix GOLD	+0.0100%	1h	4,320.2	−0.100%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,319.1	−0.126%	$1.4M	$1.2M	10x	as long as short
MEXC XAU_USDT	+0.0100%	4h	4,320.5	−0.093%	$362.0M	$326.6M	1000x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,319.8	−0.110%	$272K	$208K	50x	as long as short
Binance XAUUSDT	+0.0102%	4h	4,320.4	−0.096%	$415.0M	$2.14B	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,319.9	−0.107%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0105%	4h	4,319.3	−0.122%	$30.1M	$60.8M	50x	as long as short
Kraken Futures PF_XAUUSD	+0.0154%	1h	4,317.7	−0.158%	$587K	$131K	25x	as long as short
RISEx XAU/USDClong	+0.0184%	1h	4,324.5	long leg	$4.2M	$12.8M	25x
Bullet GOLD-USD	+0.0196%	1h	4,320.7	−0.088%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0216%	1h	4,321	−0.082%	$4.2M	$1.9M	20x	as long as short
HTX XAU-USDT	+0.0217%	4h	4,325.6	+0.024%	$2.8M	$4.9M	75x	as long as short
Bitget XAUUSDT	+0.0236%	4h	4,320.7	−0.089%	$68.0M	$119.3M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0236%	1h	4,319.5	−0.117%	$193K	$831K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0315%	8h	4,321.3	−0.075%	$170.2M	$296.4M	100x	as long as short
BloFin XAU-USDT	+0.0342%	4h	4,322.6	−0.045%	$16.2M	$4.4M	100x	as long as short
Phemex XAUUSDT	+0.0391%	4h	4,323.7	−0.021%	$2.2M	$962K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0463% / S −0.0307%	1h	4,320.5	−0.093%	$252K	—	111x	as long as short