Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0021%/8h= +2.3% APRpaid last 24h +0.019%

Price spread now: Bybit against tradeXYZ+0.097%7-day average +0.110% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

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

costs, in and out, $10k−$290.293% of the position

Long on tradeXYZ Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%$0 on $10k

Price spread, last 7 days−0.027%−$3 · spread now +0.097%, 7d avg +0.110%

Together, before fees−0.022%+ Points / potential airdroptradeXYZ: Active · farm board−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.110%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:GOLD	4,301.1	0.0050	pay 0.0006% / 1h	2m 37s	$289.7M	$53.0M	25x
Short	Bybit XAUUSDT	4,305.3	0.0071	get 0.0036% / 4h	2m 37s	$77.4M	$156.1M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.097%Rate

Funding earned: $4.41
Price spread: +0.097% → +0.110%: −$1.29
Slippage, 4 orders: −$0.26
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$26.14
Costs to cover: 0.293%
Break-even: 48.5 days

Slippage from tradeXYZ: live order book, 7 min ago; Bybit: live order book, 1 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, 7 min ago	0.12 bp	9.1 bp −$9	9.1 bp −$91	11.3 bp −$1,135	doesn't fit
Sell Bybit live order book, 1 min ago	0.01 bp	5.5 bp −$6	6.2 bp −$62	9.2 bp −$921	29.4 bp −$14.7K

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	4,311	+0.229%	$92K	$7.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,303	+0.044%	$268K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+1.147%	$619	$54	52x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,304.6	+0.081%	$6.6M	$3.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,338.8	+0.877%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLDlong	+0.0050%	1h	4,301.1	long leg	$289.7M	$53.0M	25x
Ondo Perps XAU-USD.P	+0.0050%	1h	4,301	−0.003%	$15.0M	$55.3M	25x	as long as short
Aster XAUUSD1	+0.0057%	4h	4,306	+0.114%	$72.8M	$272.0M	20x	as long as short
Paradex XAU-USD-PERP	+0.0062%	8h	4,304.3	+0.075%	$2K	$14K	5x	as long as short
Bybit XAUUSDTshort	+0.0071%	4h	4,305.3	+0.097%	$77.4M	$156.1M	150x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XAU	+0.0072%	1h	4,304.1	+0.069%	$20.2M	$30.3M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,301.8	+0.016%	$2.0M	$5.1M	25x	as long as short
Bluefin GOLD-PERP	+0.0086%	1h	4,301.9	+0.019%	$25K	$1K	20x	as long as short
Phoenix GOLD	+0.0096%	1h	4,305.5	+0.102%	$42K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,301.5	+0.009%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,304	+0.066%	$269K	$214K	50x	as long as short
Kalshi KXGOLDPERP	+0.0100%	24h	4,308.9	+0.181%	$3.6M	$45.5M	15x	as long as short
Variational Omni XAU	+0.0101%	4h	4,306.5	+0.127%	$46.7M	$29.3M	—	as long as short
Lighter RH XAU	+0.0104%	1h	4,306.4	+0.123%	$19.9M	$40.4M	25x	as long as short
Extended XAU-USD	+0.0104%	1h	4,301	−0.002%	$13.1M	$36.7M	25x	as long as short
MEXC XAU_USDT	+0.0110%	4h	4,304.7	+0.083%	$363.1M	$343.5M	1000x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,306.6	+0.128%	$159K	$87	10x	as long as short
Binance XAUUSDT	+0.0113%	4h	4,304.3	+0.073%	$428.7M	$2.17B	100x	as long as short
GRVT XAU_USDT_Perp	+0.0114%	4h	4,308	+0.160%	$1.4M	$3.0M	25x	as long as short
Gate XAU_USDT	+0.0118%	4h	4,306.7	+0.130%	$286.1M	$433.0M	100x	as long as short
Hotstuff GOLD-PERP	+0.0120%	1h	4,302.8	+0.040%	$32K	—	25x	as long as short
edgeX XAUUSDC	+0.0130%	4h	4,304.2	+0.071%	$29.9M	$60.3M	50x	as long as short
StandX XAU-USD	+0.0174%	1h	4,310.1	+0.209%	$3.8M	$4.5M	40x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0191%	1h	4,305.8	+0.109%	$136K	$866K	25x	as long as short
Bitget XAUUSDT	+0.0192%	4h	4,304.3	+0.075%	$70.6M	$122.0M	100x	as long as short
Bullet GOLD-USD	+0.0199%	1h	4,307	+0.137%	$59K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0222%	1h	4,307.2	+0.142%	$4.3M	$1.8M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0229%	1h	4,304.6	+0.082%	$573K	$138K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0258%	8h	4,304.2	+0.072%	$172.3M	$313.1M	100x	as long as short
BloFin XAU-USDT	+0.0373%	4h	4,307.1	+0.139%	$16.6M	$4.9M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0464% / S −0.0311%	1h	4,307	+0.138%	$253K	—	111x	as long as short
Phemex XAUUSDT	+0.0496%	4h	4,311.5	+0.243%	$2.2M	$951K	100x	as long as short
HTX XAU-USDT	+0.0547%	4h	4,314.1	+0.302%	$3.2M	$6.2M	75x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,304.3	+0.073%	$4.5M	$13.1M	25x	as long as short