Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.008%

Price spread now: GRVT against StandX−0.047%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$230.229% of the position

Long on StandX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 7 days+0.054%+$5 · spread now −0.047%, 7d avg −0.004%

Together, before fees+0.115%+ Points / potential airdropStandX: Active · GRVT: Active · farm board+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. GRVT is 0.042% cheaper against StandX than usual: you would sell low and buy high (spread −0.047% now, against its 7-day average of −0.004%). If the spread goes back, that is −$4 on $10k: about 33 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.061% in total) that is about 4.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX XAU-USD	4,343	0.0040	pay 0.0005% / 1h	48m 38s	$3.8M	$4.5M	40x
Short	GRVT XAU_USDT_Perp	4,341	0.0144	get 0.0072% / 4h	3h 48m	$1.4M	$2.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.047%Rate

Funding earned: $21.84
Price spread: −0.047% → −0.004%: −$4.23
Slippage, 4 orders: −$5.88
Fee StandX: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$5.27
Costs to cover: 0.229%
Break-even: 8.7 days

Slippage from StandX: live order book, just now; GRVT: 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, just now	1.84 bp	5.8 bp −$6	6.4 bp −$64	8.9 bp −$893	10.4 bp −$5,220
Sell GRVT live order book, 5 min ago	0.01 bp	4.5 bp −$5	4.8 bp −$48	7.1 bp −$706	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	4,345.2	+0.050%	$92K	$8.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,336.5	−0.150%	$271K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,341.4	−0.038%	$3.5M	$12.2M	25x	as long as short
Bluefin GOLD-PERP	+0.0013%	1h	4,335.2	−0.179%	$25K	$14K	20x	as long as short
Lighter RH XAU	+0.0032%	1h	4,342.8	−0.005%	$20.0M	$39.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,338.2	−0.111%	$13.3M	$37.9M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.171%	$619	$54	52x	as long as short
StandX XAU-USDlong	+0.0040%	1h	4,343	long leg	$3.8M	$4.5M	40x
QFEX GOLD-USD	+0.0042%	1h	4,338.9	−0.094%	$5.7M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,373.6	+0.705%	—	$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
tradeXYZ xyz:GOLD	+0.0050%	1h	4,339	−0.092%	$293.4M	$49.0M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,338.8	−0.098%	$15.1M	$56.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0051%	24h	4,338.1	−0.113%	$4.3M	$37.5M	15x	as long as short
Bybit XAUUSDT	+0.0055%	4h	4,343.1	+0.002%	$80.6M	$150.6M	150x	as long as short
Lighter XAU	+0.0056%	1h	4,341.2	−0.042%	$20.8M	$34.4M	25x	as long as short
Gate XAU_USDT	+0.0056%	4h	4,343.3	+0.008%	$267.6M	$411.3M	100x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,339.4	−0.083%	$2.1M	$4.8M	25x	as long as short
Hotstuff GOLD-PERP	+0.0064%	1h	4,338.2	−0.111%	$33K	—	25x	as long as short
Aster XAUUSD1	+0.0073%	4h	4,342.9	−0.003%	$71.4M	$332.5M	20x	as long as short
Paradex XAU-USD-PERP	+0.0081%	8h	4,342.1	−0.021%	$19K	$5K	5x	as long as short
Variational Omni XAU	+0.0082%	4h	4,340.8	−0.050%	$48.4M	$27.6M	—	as long as short
MEXC XAU_USDT	+0.0096%	4h	4,342.2	−0.019%	$372.5M	$317.4M	1000x	as long as short
Binance XAUUSDT	+0.0099%	4h	4,342.5	−0.012%	$414.9M	$2.09B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,338.5	−0.104%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,339.2	−0.088%	$274K	$203K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,339.9	−0.071%	$161K	$87	10x	as long as short
edgeX XAUUSDC	+0.0112%	4h	4,336.5	−0.150%	$30.2M	$58.2M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,338.3	−0.108%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perpshort	+0.0144%	4h	4,341	−0.047%	$1.4M	$2.9M	25x
Bullet GOLD-USD	+0.0210%	1h	4,341.1	−0.045%	$59K	$82K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0211%	1h	4,338.8	−0.097%	$205K	$826K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0214%	1h	4,341.1	−0.044%	$4.3M	$2.0M	20x	as long as short
Bitget XAUUSDT	+0.0242%	4h	4,342.8	−0.006%	$71.0M	$109.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,337.8	−0.121%	$592K	$132K	25x	as long as short
Phemex XAUUSDT	+0.0269%	4h	4,343.4	+0.009%	$2.2M	$967K	100x	as long as short
OKX XAU-USDT-SWAP	+0.0315%	8h	4,343.8	+0.018%	$166.2M	$281.4M	100x	as long as short
BloFin XAU-USDT	+0.0349%	4h	4,341.7	−0.029%	$15.6M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0426% / S −0.0251%	1h	4,341	−0.046%	$250K	—	111x	as long as short
HTX XAU-USDT	+0.0520%	4h	4,346	+0.068%	$2.8M	$4.6M	75x	as long as short