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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h −0.027%
Price spread now: Ondo Perps against RISEx−0.078%7-day average −0.135% · you buy dearer than you sell
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)−0.042%−$4 on $10k
Price spread, last 7 days−0.184%−$18 · spread now −0.078%, 7d avg −0.135%
Together, before fees−0.226%+ Points / potential airdropOndo Perps: Active · farm board−$23 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Ondo Perps is 0.057% dearer against RISEx than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.135%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx XAU/USDC4,347.80.0010pay 0.0001% / 1h1m 20s$3.4M$12.3M25x
ShortOndo Perps XAU-USD.P4,344.40.0050get 0.0006% / 1h1m 20s$15.1M$56.7M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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

Funding earned
$8.4
Price spread: −0.078% → −0.135%
$5.71
Slippage, 4 orders
no order book: not counted
Fee RISEx: 3 bp × 2 orders
−$6
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
$3.11
Costs to cover
0.110%
Break-even
4.4 days
Slippage unknown: RISEx: live order book, 3 min ago; Ondo Perps: no order-book sample. 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 RISEx live order book, 3 min ago0.01 bp4.5 bp −$45.2 bp −$5235.9 bp −$3,594doesn't fit
Sell Ondo Perps no order-book sample
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
Hotstuff GOLD-PERP0.0000%1h4,344.9−0.067%$33K25xas long as short
SunX XAU-USDT0.0000%4h4,351.5+0.086%$92K$9.1M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,344.2−0.082%$266K250xas long as short
Gate XAU_USDT+0.0004%4h4,350+0.050%$264.6M$418.5M100xas long as short
RISEx XAU/USDClong+0.0010%1h4,347.8long leg$3.4M$12.3M25x
Extended XAU-USD+0.0032%1h4,343.9−0.091%$13.4M$38.7M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.060%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,348.3+0.011%$3.8M$4.6M40xas long as short
Kalshi KXGOLDPERP+0.0041%24h4,345.8−0.046%$4.1M$37.1M15xas long as short
Aster XAUUSD1+0.0042%4h4,348.3+0.011%$70.9M$334.1M20xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest GC-PERP+0.0046%1h4,380.5+0.752%$1.0M25xas long as short
QFEX GOLD-USD+0.0046%1h4,347.2−0.014%$5.7M$2.0M20xas long as short
Lighter XAU+0.0048%1h4,347−0.019%$20.6M$42.7M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0048%1h4,344.2−0.083%$2.0M$4.9M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,344.9−0.067%$293.8M$48.9M25xas long as short
Ondo Perps XAU-USD.Pshort+0.0050%1h4,344.4−0.078%$15.1M$56.7M25x
Lighter RH XAU+0.0056%1h4,349+0.027%$20.1M$40.0M25xas long as short
Variational Omni XAU+0.0057%4h4,346−0.041%$48.5M$27.7Mas long as short
GRVT XAU_USDT_Perp+0.0062%4h4,348.6+0.019%$1.4M$3.0M25xas long as short
edgeX XAUUSDC+0.0075%4h4,342.6−0.121%$30.2M$58.6M50xas long as short
MEXC XAU_USDT+0.0076%4h4,347.6−0.005%$371.1M$320.9M1000xas long as short
Binance XAUUSDT+0.0077%4h4,348.2+0.009%$411.2M$2.10B100xas long as short
Paradex XAU-USD-PERP+0.0079%8h4,347.6−0.004%$19K$5K5xas long as short
Aevo XAU-PERP+0.0096%1h4,347.2−0.014%$161K$8710xas long as short
Pacifica XAU+0.0100%1h4,344.1−0.085%$1.4M$1.1M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,344.7−0.071%$274K$203K50xas long as short
Polymarket Perps GOLD-USD+0.0118%1h4,347.2−0.014%$4.3M$1.9M20xas long as short
Phoenix GOLD+0.0136%1h4,345.3−0.058%$47K$77K25xas long as short
Phemex XAUUSDT+0.0194%4h4,349.6+0.042%$2.2M$972K100xas long as short
Bullet GOLD-USD+0.0194%1h4,348.2+0.008%$59K$83K10xas long as short
Bybit XAUUSDT+0.0212%4h4,349.6+0.042%$84.4M$145.4M150xas long as short
Bitget XAUUSDT+0.0220%4h4,348.6+0.017%$70.2M$109.4M100xas long as short
OKX XAU-USDT-SWAP+0.0264%8h4,349.5+0.039%$165.4M$283.3M100xas long as short
Kraken Futures PF_XAUUSD+0.0270%1h4,345.2−0.059%$593K$133K25xas long as short
BloFin XAU-USDT+0.0308%4h4,347.6−0.005%$15.7M$4.6M100xas long as short
Bluefin GOLD-PERP+0.0320%1h4,342.5−0.123%$25K$14K20xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0394%1h4,347.3−0.012%$268K$767K25xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0406% / S −0.0221%1h4,348.2+0.008%$248K111xas long as short
HTX XAU-USDT+0.0596%4h4,353.5+0.132%$2.9M$4.3M75xas long as short