Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0065%/8h= +7.1% APRpaid last 24h +0.014%

Price spread now: Binance against StandX+0.028%47s7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$240.244% of the position

Long on StandX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 7 days−0.049%−$5 · spread now +0.028%, 7d avg −0.010%

Together, before fees+0.009%+ Points / potential airdropStandX: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.038% dearer against StandX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.010%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX XAU-USD	4,339.3	0.0040	pay 0.0005% / 1h	54m 42s	$3.8M	$4.5M	40x
Short	Binance XAUUSDT	4,340.5	0.0105	get 0.0052% / 4h	1h 54m	$443.6M	$2.43B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against StandX. 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 StandXbpFee BinancebpOrdersPrice spread, now +0.028%Rate

Funding earned: $13.61
Price spread: +0.028% → −0.010%: $3.81
Slippage, 4 orders: −$6.37
Fee StandX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$6.95
Costs to cover: 0.244%
Break-even: 10.6 days

Slippage from StandX: 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 StandX live order book, 2 min ago	0.81 bp	5.7 bp −$6	6.4 bp −$64	9.2 bp −$916	10.8 bp −$5,405
Sell Binance live order book, 12 min ago	0.01 bp	5.0 bp −$5	5.1 bp −$51	8.2 bp −$822	doesn't fit

XAU on 39 exchanges

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
Hotstuff GOLD-PERP	−3.0304%	1h	4,318.3	−0.484%	$32K	—	25x	as long as short
Bluefin GOLD-PERP	−0.0058%	1h	4,334.6	−0.109%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,345.9	+0.151%	$92K	$6.0M	20x	as long as short
Coinbase International GOLD-PERP-INTX	0.0000%	1h	4,336.7	−0.060%	$2.1M	$5.3M	25x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,332.7	−0.152%	$279K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.256%	$619	$54	52x	as long as short
StandX XAU-USDlong	+0.0040%	1h	4,339.3	long leg	$3.8M	$4.5M	40x
QFEX GOLD-USD	+0.0041%	1h	4,340.3	+0.023%	$6.7M	$3.2M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,373.9	+0.797%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,337	−0.053%	$292.8M	$51.5M	25x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,336.2	−0.072%	$15.1M	$59.1M	25x	as long as short
Paradex XAU-USD-PERP	+0.0055%	8h	4,339.9	+0.014%	$2K	$13K	5x	as long as short
Aster XAUUSD1	+0.0071%	4h	4,342.1	+0.063%	$72.8M	$275.9M	20x	as long as short
Phoenix GOLD	+0.0076%	1h	4,334.6	−0.108%	$43K	$71K	25x	as long as short
Variational Omni XAU	+0.0087%	4h	4,337.4	−0.043%	$47.3M	$29.2M	—	as long as short
Lighter XAU	+0.0088%	1h	4,339.5	+0.004%	$20.3M	$30.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,336.7	−0.060%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,336.8	−0.059%	$285K	$223K	50x	as long as short
Gate XAU_USDT	+0.0102%	4h	4,341.9	+0.059%	$301.1M	$441.0M	100x	as long as short
MEXC XAU_USDT	+0.0104%	4h	4,340.5	+0.028%	$366.6M	$350.2M	1000x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,339.9	+0.014%	$161K	$87	10x	as long as short
Polymarket Perps GOLD-USD	+0.0104%	1h	4,340	+0.016%	$4.3M	$1.7M	20x	as long as short
Binance XAUUSDTshort	+0.0105%	4h	4,340.5	+0.028%	$443.6M	$2.43B	100x
GRVT XAU_USDT_Perp	+0.0108%	4h	4,337.8	−0.034%	$1.4M	$3.1M	25x	as long as short
Lighter RH XAU	+0.0112%	1h	4,342	+0.063%	$19.7M	$39.5M	25x	as long as short
edgeX XAUUSDC	+0.0115%	4h	4,333.8	−0.128%	$30.3M	$67.1M	50x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0119%	1h	4,340.1	+0.018%	$135K	$707K	25x	as long as short
Bybit XAUUSDT	+0.0129%	4h	4,341.9	+0.060%	$82.6M	$173.6M	150x	as long as short
Kalshi KXGOLDPERP	+0.0135%	24h	4,341.6	+0.053%	$3.5M	$51.0M	15x	as long as short
Extended XAU-USD	+0.0144%	1h	4,336.7	−0.059%	$12.5M	$34.8M	25x	as long as short
Bullet GOLD-USD	+0.0198%	1h	4,341.3	+0.046%	$59K	$76K	10x	as long as short
Phemex XAUUSDT	+0.0203%	4h	4,342.2	+0.068%	$2.3M	$784K	100x	as long as short
RISEx XAU/USDC	+0.0205%	1h	4,340.9	+0.036%	$4.7M	$13.3M	25x	as long as short
Bitget XAUUSDT	+0.0220%	4h	4,340.7	+0.031%	$73.1M	$139.3M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0241%	8h	4,340.9	+0.037%	$170.8M	$361.0M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0253%	1h	4,338.4	−0.020%	$584K	$167K	25x	as long as short
BloFin XAU-USDT	+0.0345%	4h	4,340.8	+0.035%	$16.3M	$5.3M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0460% / S −0.0308%	1h	4,340.9	+0.037%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.1105%	4h	4,346.5	+0.166%	$3.2M	$7.1M	75x	as long as short