Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0065%/8h= +7.1% APRpaid last 24h +0.016%

Price spread now: Binance against tradeXYZ+0.045%7-day average +0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$280.284% of the position

Long on tradeXYZ Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 7 days+0.011%+$1 · spread now +0.045%, 7d avg +0.095%

Together, before fees+0.032%+ Points / potential airdroptradeXYZ: Active · farm board+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.050% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.045% now, against its 7-day average of +0.095%). If the spread goes back, that is −$5 on $10k: about 2.6 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.021% in total) that is about 17 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:GOLD	4,327.6	0.0050	pay 0.0006% / 1h	57m 02s	$292.3M	$55.5M	25x
Short	Binance XAUUSDT	4,329.6	0.0115	get 0.0058% / 4h	2h 57m	$435.8M	$2.35B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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

Position, each leg$Hold fordaysFee tradeXYZbpFee BinancebpOrdersPrice spread, now +0.045%Rate

Funding earned: $13.7
Price spread: +0.045% → +0.095%: −$5.01
Slippage, 4 orders: −$0.36
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Binance: 5 bp × 2 orders: −$10
Net: −$19.67
Costs to cover: 0.284%
Break-even: 17.0 days

Slippage from tradeXYZ: live order book, 3 min ago; Binance: live order book, 2 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 tradeXYZ live order book, 3 min ago	0.12 bp	9.1 bp −$9	9.3 bp −$93	11.3 bp −$1,127	doesn't fit
Sell Binance live order book, 2 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	6.9 bp −$694	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	4,333.7	+0.141%	$92K	$6.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,330.7	+0.071%	$275K	—	250x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0024%	1h	4,327.4	−0.005%	$2.0M	$5.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.527%	$619	$54	52x	as long as short
QFEX GOLD-USD	+0.0038%	1h	4,328.4	+0.018%	$6.6M	$3.0M	20x	as long as short
Bluefin GOLD-PERP	+0.0039%	1h	4,323.5	−0.095%	$25K	$1K	20x	as long as short
StandX XAU-USD	+0.0040%	1h	4,332.7	+0.118%	$3.8M	$4.5M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,362.5	+0.806%	—	$1.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0048%	1h	4,326.4	−0.028%	$32K	—	25x	as long as short
tradeXYZ xyz:GOLDlong	+0.0050%	1h	4,327.6	long leg	$292.3M	$55.5M	25x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,325.5	−0.048%	$15.1M	$57.3M	25x	as long as short
RISEx XAU/USDC	+0.0056%	1h	4,330.3	+0.063%	$4.6M	$13.6M	25x	as long as short
Paradex XAU-USD-PERP	+0.0058%	8h	4,328.9	+0.031%	$2K	$13K	5x	as long as short
Aster XAUUSD1	+0.0059%	4h	4,330.6	+0.069%	$74.4M	$272.9M	20x	as long as short
Extended XAU-USD	+0.0080%	1h	4,325.6	−0.047%	$12.7M	$35.8M	25x	as long as short
Lighter RH XAU	+0.0088%	1h	4,331.1	+0.082%	$19.8M	$38.5M	25x	as long as short
Variational Omni XAU	+0.0093%	4h	4,332	+0.101%	$47.2M	$30.1M	—	as long as short
Phoenix GOLD	+0.0095%	1h	4,333.5	+0.136%	$43K	$67K	25x	as long as short
Lighter XAU	+0.0096%	1h	4,328.7	+0.024%	$20.2M	$29.3M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,325.7	−0.044%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,330	+0.055%	$284K	$232K	50x	as long as short
Gate XAU_USDT	+0.0102%	4h	4,332.8	+0.120%	$300.2M	$428.3M	100x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,328.7	+0.026%	$160K	$87	10x	as long as short
MEXC XAU_USDT	+0.0114%	4h	4,331.5	+0.089%	$353.8M	$347.6M	1000x	as long as short
Binance XAUUSDTshort	+0.0115%	4h	4,329.6	+0.045%	$435.8M	$2.35B	100x
Polymarket Perps GOLD-USD	+0.0120%	1h	4,328.9	+0.030%	$4.3M	$1.7M	20x	as long as short
Kalshi KXGOLDPERP	+0.0120%	24h	4,332.4	+0.111%	$3.5M	$48.6M	15x	as long as short
edgeX XAUUSDC	+0.0127%	4h	4,330.2	+0.060%	$30.3M	$64.9M	50x	as long as short
GRVT XAU_USDT_Perp	+0.0132%	4h	4,331.1	+0.082%	$1.4M	$3.0M	25x	as long as short
Bybit XAUUSDT	+0.0140%	4h	4,330.5	+0.067%	$81.6M	$170.0M	150x	as long as short
Bullet GOLD-USD	+0.0180%	1h	4,329.4	+0.041%	$58K	$77K	10x	as long as short
Bitget XAUUSDT	+0.0196%	4h	4,329.6	+0.046%	$72.0M	$132.8M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0212%	1h	4,327.6	0.000%	$134K	$781K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0244%	8h	4,330.5	+0.067%	$171.1M	$355.3M	100x	as long as short
BloFin XAU-USDT	+0.0355%	4h	4,329.7	+0.048%	$16.2M	$5.5M	100x	as long as short
Phemex XAUUSDT	+0.0361%	4h	4,333.1	+0.126%	$2.2M	$961K	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0411%	1h	4,326.6	−0.023%	$582K	$150K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0466% / S −0.0313%	1h	4,332.8	+0.119%	$256K	—	111x	as long as short
HTX XAU-USDT	+0.1112%	4h	4,337.3	+0.225%	$3.2M	$7.0M	75x	as long as short