Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h −0.002%

Price spread now: Gate against tradeXYZ+0.099%7-day average +0.117% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$330.333% of the position

Long on tradeXYZ Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 7 days−0.009%−$1 · spread now +0.099%, 7d avg +0.117%

Together, before fees−0.113%+ Points / potential airdroptradeXYZ: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.117%, 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	4,339.2	0.0050	pay 0.0006% / 1h	43m 05s	$293.6M	$49.3M	25x
Short	Gate XAU_USDT	4,343.5	0.0006	get 0.0003% / 4h	3h 43m	$267.7M	$413.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.099%Rate

Funding earned: −$9.24
Price spread: +0.099% → +0.117%: −$1.77
Slippage, 4 orders: −$0.3
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$44.31
Costs to cover: 0.333%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 7 min ago; Gate: 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	9.5 bp −$95	11.2 bp −$1,117	doesn't fit
Sell Gate live order book, 1 min ago	0.01 bp	7.5 bp −$8	8.5 bp −$85	12.5 bp −$1,245	14.2 bp −$7,100

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
Bluefin GOLD-PERP	−0.0034%	1h	4,336.2	−0.068%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,346.5	+0.169%	$92K	$8.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,338.7	−0.012%	$271K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,341.4	+0.051%	$3.5M	$12.1M	25x	as long as short
Gate XAU_USDTshort	+0.0006%	4h	4,343.5	+0.099%	$267.7M	$413.1M	100x
Lighter RH XAU	+0.0032%	1h	4,343.6	+0.101%	$20.0M	$39.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,337.9	−0.031%	$13.3M	$37.9M	25x	as long as short
Hotstuff GOLD-PERP	+0.0032%	1h	4,340.3	+0.025%	$33K	—	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.259%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,343.7	+0.104%	$3.8M	$4.5M	40x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USD	+0.0042%	1h	4,340.5	+0.030%	$5.7M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,375.2	+0.830%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,341.6	+0.054%	$20.8M	$34.5M	25x	as long as short
tradeXYZ xyz:GOLDlong	+0.0050%	1h	4,339.2	long leg	$293.6M	$49.3M	25x
Ondo Perps XAU-USD.P	+0.0050%	1h	4,338.7	−0.012%	$15.1M	$56.9M	25x	as long as short
Kalshi KXGOLDPERP	+0.0051%	24h	4,339.6	+0.009%	$4.3M	$37.5M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,339.7	+0.012%	$2.1M	$4.8M	25x	as long as short
Bybit XAUUSDT	+0.0064%	4h	4,342.9	+0.085%	$80.2M	$150.9M	150x	as long as short
Aster XAUUSD1	+0.0076%	4h	4,343.4	+0.097%	$71.4M	$332.4M	20x	as long as short
Paradex XAU-USD-PERP	+0.0082%	8h	4,342.1	+0.067%	$19K	$5K	5x	as long as short
Variational Omni XAU	+0.0087%	4h	4,342.7	+0.081%	$48.3M	$27.7M	—	as long as short
Pacifica XAU	+0.0100%	1h	4,338.5	−0.016%	$1.4M	$1.1M	10x	as long as short
MEXC XAU_USDT	+0.0100%	4h	4,343	+0.088%	$369.6M	$318.8M	1000x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,339.5	+0.007%	$274K	$203K	50x	as long as short
Binance XAUUSDT	+0.0102%	4h	4,342.3	+0.071%	$417.1M	$2.09B	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,341.9	+0.062%	$161K	$87	10x	as long as short
edgeX XAUUSDC	+0.0113%	4h	4,338.3	−0.020%	$30.2M	$58.3M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,338.8	−0.009%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0174%	4h	4,343.4	+0.097%	$1.4M	$2.9M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0211%	1h	4,341.1	+0.044%	$205K	$827K	25x	as long as short
Bullet GOLD-USD	+0.0212%	1h	4,343.2	+0.092%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0217%	1h	4,342.6	+0.078%	$4.3M	$2.0M	20x	as long as short
Bitget XAUUSDT	+0.0244%	4h	4,342.3	+0.071%	$71.1M	$109.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,339.7	+0.012%	$592K	$132K	25x	as long as short
Phemex XAUUSDT	+0.0296%	4h	4,343.9	+0.109%	$2.2M	$967K	100x	as long as short
OKX XAU-USDT-SWAP	+0.0318%	8h	4,342.9	+0.085%	$166.3M	$281.7M	100x	as long as short
BloFin XAU-USDT	+0.0361%	4h	4,343.1	+0.091%	$15.6M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0427% / S −0.0252%	1h	4,343.2	+0.093%	$250K	—	111x	as long as short
HTX XAU-USDT	+0.0542%	4h	4,346.8	+0.176%	$2.8M	$4.6M	75x	as long as short