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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0272%/8h= +29.8% APRpaid last 24h +0.044%
Price spread now: OKX against StandX−0.035%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$240.237% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.042%+$4 on $10k
Price spread, last 7 days+0.031%+$3 · spread now −0.035%, 7d avg −0.005%
Together, before fees+0.073%+ Points / potential airdropStandX: Active · farm board+$7 on $10k · with fees, hour by hour
Funding pays, the price is against you. OKX is 0.029% cheaper against StandX than usual: you would sell low and buy high (spread −0.035% now, against its 7-day average of −0.005%). If the spread goes back, that is −$3 on $10k: about 9 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.042% in total) that is about 4.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.042% in total (about 2.2% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX XAU-USD4,325.20.0040pay 0.0005% / 1h40m 52s$3.8M$4.5M40x
ShortOKX XAU-USDT-SWAP4,323.70.0312get 0.0312% / 8h1h 40m$170.6M$297.5M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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

Funding earned
$57.09
Price spread: −0.035% → −0.005%
−$2.92
Slippage, 4 orders
−$5.66
Fee StandX: 4 bp × 2 orders
−$8
Fee OKX: 5 bp × 2 orders
−$10
Net
$30.5
Costs to cover
0.237%
Break-even
3.3 days
Slippage from StandX: live order book, 3 min ago; OKX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy StandX live order book, 3 min ago0.12 bp4.1 bp −$44.7 bp −$478.3 bp −$83410.2 bp −$5,115
Sell OKX live order book, 3 min ago0.12 bp5.1 bp −$55.1 bp −$515.9 bp −$58912.0 bp −$5,998

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
Bluefin GOLD-PERP−0.0116%1h4,317.3−0.182%$25K$14K20xas long as short
SunX XAU-USDT0.0000%4h4,327.4+0.051%$92K$7.9M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,320.1−0.119%$270K250xas long as short
Bybit XAUUSDT+0.0005%4h4,323.9−0.030%$77.3M$155.9M150xas long as short
Extended XAU-USD+0.0032%1h4,319.3−0.137%$13.2M$36.7M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.583%$619$5452xas long as short
StandX XAU-USDlong+0.0040%1h4,325.2long leg$3.8M$4.5M40x
QFEX GOLD-USD+0.0042%1h4,322.3−0.067%$5.4M$2.1M20xas long as short
Vest GC-PERP+0.0046%1h4,356+0.712%$1.0M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,320.1−0.118%$291.5M$51.7M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps XAU-USD.P+0.0050%1h4,319.5−0.131%$15.0M$55.6M25xas long as short
Lighter XAU+0.0056%1h4,323−0.052%$20.3M$30.4M25xas long as short
Hotstuff GOLD-PERP+0.0072%1h4,320.2−0.116%$32K25xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,320−0.120%$2.1M$4.9M25xas long as short
Kalshi KXGOLDPERP+0.0072%24h4,325−0.005%$3.8M$43.4M15xas long as short
Paradex XAU-USD-PERP+0.0073%8h4,323.5−0.039%$19K$5K5xas long as short
Aster XAUUSD1+0.0074%4h4,324.9−0.008%$72.5M$298.7M20xas long as short
GRVT XAU_USDT_Perp+0.0082%4h4,323.4−0.041%$1.4M$3.0M25xas long as short
Gate XAU_USDT+0.0088%4h4,324.8−0.009%$281.8M$413.6M100xas long as short
Variational Omni XAU+0.0093%4h4,322.9−0.054%$47.4M$29.0Mas long as short
Lighter RH XAU+0.0096%1h4,325.5+0.008%$19.8M$38.5M25xas long as short
MEXC XAU_USDT+0.0098%4h4,323−0.052%$362.5M$328.6M1000xas long as short
Binance XAUUSDT+0.0099%4h4,322.9−0.054%$415.6M$2.14B100xas long as short
Phoenix GOLD+0.0100%1h4,321−0.097%$47K$79K25xas long as short
Pacifica XAU+0.0100%1h4,319.8−0.124%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,320.4−0.112%$272K$208K50xas long as short
Aevo XAU-PERP+0.0104%1h4,322.4−0.064%$160K$8710xas long as short
edgeX XAUUSDC+0.0110%4h4,318.5−0.156%$30.0M$61.4M50xas long as short
Kraken Futures PF_XAUUSD+0.0153%1h4,320.3−0.113%$584K$134K25xas long as short
Bullet GOLD-USD+0.0181%1h4,323.5−0.039%$59K$82K10xas long as short
RISEx XAU/USDC+0.0184%1h4,325.9+0.016%$4.2M$12.8M25xas long as short
Polymarket Perps GOLD-USD+0.0209%1h4,323.8−0.032%$4.3M$1.9M20xas long as short
HTX XAU-USDT+0.0220%4h4,327.2+0.046%$2.8M$4.9M75xas long as short
Bitget XAUUSDT+0.0232%4h4,323−0.050%$68.0M$119.0M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0282%1h4,322.7−0.058%$192K$832K25xas long as short
OKX XAU-USDT-SWAPshort+0.0312%8h4,323.7−0.035%$170.6M$297.5M100x
BloFin XAU-USDT+0.0339%4h4,323.3−0.044%$16.1M$4.6M100xas long as short
Phemex XAUUSDT+0.0375%4h4,326.2+0.024%$2.2M$967K100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0463% / S −0.0307%1h4,323.6−0.036%$252K111xas long as short