Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h +0.011%

Price spread now: GRVT against tradeXYZ+0.108%7-day average +0.099% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$270.274% of the position

Long on tradeXYZ Short on GRVT

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−0.029%−$3 · spread now +0.108%, 7d avg +0.099%

Together, before fees−0.008%+ Points / potential airdroptradeXYZ: Active · GRVT: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.099%, 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	4,332.1	0.0050	pay 0.0006% / 1h	44m 47s	$292.4M	$51.6M	25x
Short	GRVT XAU_USDT_Perp	4,336.8	0.0094	get 0.0047% / 4h	1h 44m	$1.4M	$3.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.108%Rate

Funding earned: $9.24
Price spread: +0.108% → +0.099%: $0.96
Slippage, 4 orders: −$0.42
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$17.21
Costs to cover: 0.274%
Break-even: 20.0 days

Slippage from tradeXYZ: live order book, 8 min ago; GRVT: 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, 8 min ago	0.12 bp	9.1 bp −$9	9.3 bp −$93	11.5 bp −$1,153	doesn't fit
Sell GRVT live order book, 2 min ago	0.01 bp	4.7 bp −$5	4.7 bp −$47	26.9 bp −$2,694	doesn't fit

XAU on 39 exchanges

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
Hotstuff GOLD-PERP	−3.2000%	1h	4,318.3	−0.319%	$32K	—	25x	as long as short
Bluefin GOLD-PERP	−0.0044%	1h	4,328.3	−0.089%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,339	+0.160%	$92K	$5.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	0.0000%	1h	4,328.8	−0.076%	$2.1M	$5.2M	25x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,331.8	−0.007%	$304K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.423%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,337.2	+0.118%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0041%	1h	4,333	+0.021%	$6.7M	$3.2M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,367.9	+0.826%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLDlong	+0.0050%	1h	4,332.1	long leg	$292.4M	$51.6M	25x

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,330	−0.049%	$15.1M	$59.4M	25x	as long as short
Paradex XAU-USD-PERP	+0.0054%	8h	4,333.4	+0.029%	$2K	$13K	5x	as long as short
Aster XAUUSD1	+0.0056%	4h	4,336.5	+0.102%	$72.4M	$276.0M	20x	as long as short
Polymarket Perps GOLD-USD	+0.0071%	1h	4,334.1	+0.046%	$4.3M	$1.7M	20x	as long as short
Variational Omni XAU	+0.0074%	4h	4,333.5	+0.033%	$47.3M	$29.2M	—	as long as short
Gate XAU_USDT	+0.0078%	4h	4,336.6	+0.103%	$298.2M	$444.7M	100x	as long as short
Lighter XAU	+0.0080%	1h	4,334.4	+0.053%	$20.2M	$30.4M	25x	as long as short
Lighter RH XAU	+0.0088%	1h	4,337	+0.113%	$19.7M	$39.9M	25x	as long as short
GRVT XAU_USDT_Perpshort	+0.0094%	4h	4,336.8	+0.108%	$1.4M	$3.1M	25x
Binance XAUUSDT	+0.0094%	4h	4,334.5	+0.056%	$442.6M	$2.43B	100x	as long as short
MEXC XAU_USDT	+0.0096%	4h	4,335.2	+0.072%	$366.9M	$353.0M	1000x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0096%	1h	4,333.5	+0.032%	$135K	$707K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,329.9	−0.051%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,334.5	+0.055%	$284K	$223K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,333.2	+0.026%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0117%	4h	4,333.9	+0.041%	$30.3M	$67.7M	50x	as long as short
Extended XAU-USD	+0.0120%	1h	4,331.7	−0.008%	$12.5M	$34.6M	25x	as long as short
Bybit XAUUSDT	+0.0121%	4h	4,336	+0.090%	$82.5M	$172.5M	150x	as long as short
Phoenix GOLD	+0.0127%	1h	4,334.2	+0.048%	$43K	$71K	25x	as long as short
Kalshi KXGOLDPERP	+0.0137%	24h	4,334.9	+0.065%	$3.5M	$51.1M	15x	as long as short
Bullet GOLD-USD	+0.0166%	1h	4,334.8	+0.063%	$59K	$76K	10x	as long as short
RISEx XAU/USDC	+0.0205%	1h	4,334.3	+0.050%	$4.7M	$13.2M	25x	as long as short
Bitget XAUUSDT	+0.0212%	4h	4,335	+0.066%	$72.8M	$139.7M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0237%	8h	4,335.8	+0.085%	$170.7M	$362.0M	100x	as long as short
Phemex XAUUSDT	+0.0238%	4h	4,338.3	+0.142%	$2.3M	$784K	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0253%	1h	4,331.3	−0.018%	$583K	$169K	25x	as long as short
BloFin XAU-USDT	+0.0336%	4h	4,334.8	+0.063%	$16.3M	$5.3M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0460% / S −0.0308%	1h	4,334.8	+0.063%	$253K	—	111x	as long as short
HTX XAU-USDT	+0.1080%	4h	4,340.2	+0.187%	$3.2M	$7.1M	75x	as long as short