Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.043%

Price spread now: Bitget against StandX−0.014%51s7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as 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−$270.275% of the position

Long on StandX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.129%+$13 on $10k

Price spread, last 7 days+0.004%$0 · spread now −0.014%, 7d avg −0.008%

Together, before fees+0.133%+ Points / potential airdropStandX: Active · farm board+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.129% in total (about 6.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX XAU-USD	4,342.4	0.0040	pay 0.0005% / 1h	28m 42s	$3.8M	$4.5M	40x
Short	Bitget XAUUSDT	4,341.8	0.0260	get 0.0130% / 4h	3h 28m	$71.0M	$109.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.014%Rate

Funding earned: $46.2
Price spread: −0.014% → −0.008%: −$0.57
Slippage, 4 orders: −$7.46
Fee StandX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: $18.17
Costs to cover: 0.275%
Break-even: 4.2 days

Slippage from StandX: live order book, 5 min ago; Bitget: live order book, 5 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, 5 min ago	2.42 bp	6.4 bp −$6	6.9 bp −$69	9.8 bp −$980	11.4 bp −$5,705
Sell Bitget live order book, 5 min ago	0.01 bp	6.7 bp −$7	7.8 bp −$78	11.7 bp −$1,168	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
SunX XAU-USDT	0.0000%	4h	4,345.8	+0.078%	$92K	$8.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,337.4	−0.115%	$271K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,340.6	−0.042%	$3.5M	$12.0M	25x	as long as short
Bybit XAUUSDT	+0.0015%	4h	4,342	−0.009%	$80.0M	$152.5M	150x	as long as short
Bluefin GOLD-PERP	+0.0032%	1h	4,335.6	−0.158%	$25K	$14K	20x	as long as short
Extended XAU-USD	+0.0032%	1h	4,337.2	−0.120%	$13.3M	$37.3M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.185%	$619	$54	52x	as long as short
StandX XAU-USDlong	+0.0040%	1h	4,342.4	long leg	$3.8M	$4.5M	40x
QFEX GOLD-USD	+0.0042%	1h	4,340.3	−0.048%	$5.5M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,373.9	+0.725%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XAU	+0.0048%	1h	4,340.1	−0.053%	$20.7M	$34.5M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,338	−0.101%	$293.5M	$49.3M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,338.6	−0.087%	$15.1M	$56.9M	25x	as long as short
Kalshi KXGOLDPERP	+0.0051%	24h	4,339.7	−0.062%	$4.2M	$37.4M	15x	as long as short
Lighter RH XAU	+0.0056%	1h	4,342.7	+0.006%	$20.2M	$39.9M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,339.5	−0.067%	$2.1M	$4.8M	25x	as long as short
Paradex XAU-USD-PERP	+0.0061%	8h	4,340.8	−0.037%	$19K	$5K	5x	as long as short
Gate XAU_USDT	+0.0076%	4h	4,343	+0.014%	$268.6M	$416.3M	100x	as long as short
Aster XAUUSD1	+0.0090%	4h	4,343.2	+0.017%	$71.5M	$332.2M	20x	as long as short
Variational Omni XAU	+0.0100%	4h	4,341.1	−0.029%	$48.3M	$27.6M	—	as long as short
Pacifica XAU	+0.0100%	1h	4,337.7	−0.108%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,337.5	−0.112%	$274K	$203K	50x	as long as short
edgeX XAUUSDC	+0.0112%	4h	4,338	−0.101%	$30.2M	$58.5M	50x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,340.9	−0.035%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0114%	4h	4,341.4	−0.022%	$371.1M	$320.0M	1000x	as long as short
Binance XAUUSDT	+0.0115%	4h	4,341.5	−0.021%	$417.6M	$2.09B	100x	as long as short
Hotstuff GOLD-PERP	+0.0136%	1h	4,338.3	−0.094%	$33K	—	25x	as long as short
Phoenix GOLD	+0.0136%	1h	4,338.4	−0.092%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0198%	4h	4,341.4	−0.023%	$1.4M	$2.9M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0216%	1h	4,341.4	−0.023%	$4.3M	$1.9M	20x	as long as short
Bullet GOLD-USD	+0.0216%	1h	4,341.6	−0.018%	$59K	$82K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0234%	1h	4,339.9	−0.058%	$205K	$828K	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,338.6	−0.088%	$592K	$132K	25x	as long as short
Bitget XAUUSDTshort	+0.0260%	4h	4,341.8	−0.014%	$71.0M	$109.2M	100x
Phemex XAUUSDT	+0.0282%	4h	4,344.6	+0.051%	$2.2M	$967K	100x	as long as short
OKX XAU-USDT-SWAP	+0.0323%	8h	4,342.8	+0.009%	$167.0M	$281.7M	100x	as long as short
BloFin XAU-USDT	+0.0362%	4h	4,341.7	−0.015%	$15.7M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0427% / S −0.0252%	1h	4,341.7	−0.017%	$250K	—	111x	as long as short
HTX XAU-USDT	+0.0598%	4h	4,345.8	+0.077%	$2.8M	$4.6M	75x	as long as short