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 +0.048%

Price spread now: Bitget against tradeXYZ+0.094%7-day average +0.096% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$310.308% of the position

Long on tradeXYZ Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.085%+$9 on $10k

Price spread, last 7 days−0.047%−$5 · spread now +0.094%, 7d avg +0.096%

Together, before fees+0.038%+ Points / potential airdroptradeXYZ: Active · farm board+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.096%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.085% in total (about 4.5% 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	tradeXYZ xyz:GOLD	4,340.7	0.0050	pay 0.0006% / 1h	15m 26s	$293.6M	$49.2M	25x
Short	Bitget XAUUSDT	4,344.8	0.0270	get 0.0135% / 4h	3h 15m	$71.1M	$109.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.094%Rate

Funding earned: $46.2
Price spread: +0.094% → +0.096%: −$0.18
Slippage, 4 orders: −$0.79
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bitget: 6 bp × 2 orders: −$12
Net: $15.23
Costs to cover: 0.308%
Break-even: 4.7 days

Slippage from tradeXYZ: live order book, 4 min ago; Bitget: live order book, 4 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, 4 min ago	0.12 bp	9.1 bp −$9	9.1 bp −$91	11.0 bp −$1,103	doesn't fit
Sell Bitget live order book, 4 min ago	0.01 bp	6.6 bp −$7	7.7 bp −$77	10.7 bp −$1,070	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	4,348.7	+0.183%	$92K	$8.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,340.1	−0.014%	$272K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,344.6	+0.089%	$3.8M	$12.5M	25x	as long as short
Bluefin GOLD-PERP	+0.0012%	1h	4,337.5	−0.075%	$25K	$14K	20x	as long as short
Extended XAU-USD	+0.0032%	1h	4,340	−0.015%	$13.3M	$37.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.224%	$619	$54	52x	as long as short
Bybit XAUUSDT	+0.0039%	4h	4,345.1	+0.102%	$79.9M	$152.1M	150x	as long as short
Hotstuff GOLD-PERP	+0.0040%	1h	4,340.6	−0.002%	$33K	—	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,345.1	+0.101%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,343.7	+0.069%	$5.6M	$2.1M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,376.7	+0.829%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLDlong	+0.0050%	1h	4,340.7	long leg	$293.6M	$49.2M	25x
Ondo Perps XAU-USD.P	+0.0050%	1h	4,341.2	+0.012%	$15.0M	$56.9M	25x	as long as short
Kalshi KXGOLDPERP	+0.0051%	24h	4,341.9	+0.028%	$4.3M	$37.4M	15x	as long as short
Lighter XAU	+0.0056%	1h	4,343.1	+0.055%	$20.7M	$34.7M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,339.3	−0.032%	$2.1M	$4.8M	25x	as long as short
Paradex XAU-USD-PERP	+0.0062%	8h	4,343.8	+0.072%	$19K	$5K	5x	as long as short
Lighter RH XAU	+0.0072%	1h	4,345.5	+0.111%	$20.2M	$40.1M	25x	as long as short
Gate XAU_USDT	+0.0080%	4h	4,345.4	+0.109%	$268.3M	$418.2M	100x	as long as short
Aster XAUUSD1	+0.0095%	4h	4,345.5	+0.110%	$71.5M	$331.7M	20x	as long as short
Pacifica XAU	+0.0100%	1h	4,340.2	−0.011%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,340.8	+0.003%	$274K	$203K	50x	as long as short
Variational Omni XAU	+0.0107%	4h	4,343.1	+0.054%	$48.4M	$27.5M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,343.2	+0.057%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0118%	4h	4,344.1	+0.079%	$371.5M	$320.9M	1000x	as long as short
Binance XAUUSDT	+0.0119%	4h	4,344.1	+0.079%	$418.4M	$2.09B	100x	as long as short
Phoenix GOLD	+0.0136%	1h	4,340.9	+0.005%	$47K	$77K	25x	as long as short
edgeX XAUUSDC	+0.0136%	4h	4,340.1	−0.014%	$30.2M	$58.3M	50x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0165%	1h	4,341.8	+0.025%	$204K	$826K	25x	as long as short
Phemex XAUUSDT	+0.0168%	4h	4,346.4	+0.131%	$2.2M	$967K	100x	as long as short
GRVT XAU_USDT_Perp	+0.0172%	4h	4,344.3	+0.083%	$1.4M	$2.9M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0209%	1h	4,343.6	+0.067%	$4.3M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0210%	1h	4,344.1	+0.079%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,340.8	+0.002%	$592K	$132K	25x	as long as short
Bitget XAUUSDTshort	+0.0270%	4h	4,344.8	+0.094%	$71.1M	$109.3M	100x
OKX XAU-USDT-SWAP	+0.0327%	8h	4,344.7	+0.092%	$167.1M	$282.6M	100x	as long as short
BloFin XAU-USDT	+0.0359%	4h	4,344.2	+0.081%	$15.7M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0427% / S −0.0252%	1h	4,344.1	+0.079%	$250K	—	111x	as long as short
HTX XAU-USDT	+0.0512%	4h	4,346.8	+0.141%	$2.8M	$4.6M	75x	as long as short