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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.04 per $10,000 · paid last 24h +0.021%
Price spread now: Aevo against tradeXYZ+0.066%55s7-day average +0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$480.481% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.053%+$5 on $10k
Price spread, last 3 days (all we have)+0.024%+$2 · spread now +0.066%, 7d avg +0.075%
Together, before fees+0.077%+ Points / potential airdroptradeXYZ: Active · farm board+$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.075%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:GOLD4,367.80.0050pay 0.0006% / 1h13m 33s$294.3M$52.5M25x
ShortAevo XAU-PERP4,370.70.0080get 0.0010% / 1h13m 33s$162K$8710x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against tradeXYZ. 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
$6.3
Price spread: +0.066% → +0.075%
−$0.92
Slippage, 4 orders
−$14.12
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$42.73
Costs to cover
0.481%
Break-even
54.5 days
Slippage from tradeXYZ: live order book, 7 min ago; Aevo: live order book, 65 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 tradeXYZ live order book, 7 min ago0.12 bp9.1 bp −$99.9 bp −$99doesn't fitdoesn't fit
Sell Aevo live order book, 65 min ago5.76 bp14.9 bp −$1527.6 bp −$276doesn't fitdoesn't fit

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−0.0238%1h4,363.2−0.106%$26K$22K20xas long as short
Phoenix GOLD−0.0004%1h4,370.3+0.057%$48K$65K25xas long as short
Aster XAUUSD10.0000%4h4,371.3+0.081%$71.9M$224.8M20xas long as short
Binance XAUUSDT0.0000%4h4,371.4+0.081%$410.9M$2.14B100xas long as short
Bybit XAUUSDT0.0000%4h4,372.3+0.103%$82.8M$142.6M150xas long as short
RISEx XAU/USDC0.0000%1h4,371.5+0.086%$3.4M$12.3M25xas long as short
Gate XAU_USDT0.0000%4h4,372.5+0.106%$267.5M$417.9M100xas long as short
MEXC XAU_USDT0.0000%4h4,371.6+0.087%$376.3M$324.3M1000xas long as short
Bitget XAUUSDT0.0000%4h4,371.9+0.093%$69.6M$113.3M100xas long as short
Variational Omni XAU0.0000%4h4,370.5+0.061%$48.5M$29.3Mas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT XAU_USDT_Perp0.0000%4h4,371+0.074%$1.4M$3.1M25xas long as short
Kalshi KXGOLDPERP0.0000%24h4,369.1+0.030%$4.0M$36.3M15xas long as short
SunX XAU-USDT0.0000%4h4,375.5+0.176%$93K$10.5M20xas long as short
edgeX XAUUSDC+0.0001%4h4,365.2−0.059%$30.4M$59.4M50xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,367.4−0.009%$268K250xas long as short
QFEX GOLD-USD+0.0032%1h4,371+0.073%$5.4M$1.9M20xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.398%$619$5452xas long as short
Lighter XAU+0.0040%1h4,370.6+0.064%$20.7M$44.9M25xas long as short
StandX XAU-USD+0.0040%1h4,372.2+0.101%$3.8M$4.7M40xas long as short
Vest GC-PERP+0.0046%1h4,405.8+0.870%$1.0M25xas long as short
tradeXYZ xyz:GOLDlong+0.0050%1h4,367.8long leg$294.3M$52.5M25x
Ondo Perps XAU-USD.P+0.0050%1h4,367.8−0.001%$14.7M$57.0M25xas long as short
Paradex XAU-USD-PERP+0.0055%8h4,371.5+0.084%$19K$5K5xas long as short
Lighter RH XAU+0.0056%1h4,373.5+0.129%$20.2M$42.3M25xas long as short
Extended XAU-USD+0.0064%1h4,367.7−0.003%$13.1M$45.4M25xas long as short
Hotstuff GOLD-PERP+0.0064%1h4,367.7−0.002%$33K25xas long as short
Aevo XAU-PERPshort+0.0080%1h4,370.7+0.066%$162K$8710x
Pacifica XAU+0.0100%1h4,368.3+0.011%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,368.2+0.008%$277K$204K50xas long as short
Polymarket Perps GOLD-USD+0.0106%1h4,371.2+0.078%$4.3M$1.8M20xas long as short
Bullet GOLD-USD+0.0114%1h4,371.7+0.090%$59K$81K10xas long as short
Coinbase International GOLD-PERP-INTX+0.0152%1h4,369.3+0.034%$2.0M$5.1M25xas long as short
OKX XAU-USDT-SWAP+0.0162%8h4,372.5+0.108%$158.6M$274.6M100xas long as short
HTX XAU-USDT+0.0191%4h4,377.4+0.220%$2.9M$3.8M75xas long as short
Kraken Futures PF_XAUUSD+0.0219%1h4,368.6+0.019%$603K$137K25xas long as short
BloFin XAU-USDT+0.0240%4h4,370.9+0.071%$14.8M$4.5M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0254%1h4,370+0.050%$235K$736K25xas long as short
Phemex XAUUSDT+0.0314%4h4,371+0.073%$2.2M$1.1M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0389% / S −0.0197%1h4,371.2+0.077%$252K111xas long as short