Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h +0.020%

Price spread now: MEXC against tradeXYZ+0.078%7-day average +0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$220.223% of the position

Long on tradeXYZ Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 7 days−0.023%−$2 · spread now +0.078%, 7d avg +0.089%

Together, before fees−0.001%+ Points / potential airdroptradeXYZ: Active · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.089%, so right now this pair is about funding alone: +$2 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	4,303.3	0.0050	pay 0.0006% / 1h	4m 08s	$289.7M	$52.9M	25x
Short	MEXC XAU_USDT	4,306.7	0.0110	get 0.0055% / 4h	4m 08s	$367.7M	$342.3M	1000x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.078%Rate

Funding earned: $12.6
Price spread: +0.078% → +0.089%: −$1.09
Slippage, 4 orders: −$0.3
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$10.79
Costs to cover: 0.223%
Break-even: 13.0 days

Slippage from tradeXYZ: live order book, 6 min ago; MEXC: live order book, 5 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, 6 min ago	0.12 bp	9.1 bp −$9	9.1 bp −$91	11.3 bp −$1,135	doesn't fit
Sell MEXC live order book, 5 min ago	0.04 bp	2.0 bp −$2	2.1 bp −$21	4.7 bp −$465	17.5 bp −$8,727

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	4,310.6	+0.170%	$92K	$7.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,302.7	−0.013%	$268K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+1.095%	$619	$54	52x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,305.2	+0.044%	$6.6M	$3.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,338.4	+0.816%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLDlong	+0.0050%	1h	4,303.3	long leg	$289.7M	$52.9M	25x
Ondo Perps XAU-USD.P	+0.0050%	1h	4,302.9	−0.009%	$15.0M	$55.3M	25x	as long as short
Hotstuff GOLD-PERP	+0.0056%	1h	4,303.4	+0.002%	$32K	—	25x	as long as short
Aster XAUUSD1	+0.0057%	4h	4,307.9	+0.107%	$72.8M	$271.9M	20x	as long as short
Paradex XAU-USD-PERP	+0.0062%	8h	4,305.6	+0.053%	$2K	$14K	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit XAUUSDT	+0.0071%	4h	4,307.1	+0.089%	$77.3M	$155.6M	150x	as long as short
Lighter XAU	+0.0072%	1h	4,305.6	+0.053%	$20.2M	$30.2M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,303.4	+0.002%	$2.0M	$5.1M	25x	as long as short
Bluefin GOLD-PERP	+0.0082%	1h	4,302.1	−0.029%	$25K	$1K	20x	as long as short
Phoenix GOLD	+0.0096%	1h	4,305.5	+0.051%	$42K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,303.2	−0.002%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,304	+0.015%	$269K	$214K	50x	as long as short
Kalshi KXGOLDPERP	+0.0100%	24h	4,308.3	+0.116%	$3.7M	$45.5M	15x	as long as short
Variational Omni XAU	+0.0101%	4h	4,306.5	+0.075%	$46.7M	$29.3M	—	as long as short
Lighter RH XAU	+0.0104%	1h	4,308.1	+0.112%	$19.9M	$40.3M	25x	as long as short
Extended XAU-USD	+0.0104%	1h	4,302.5	−0.018%	$13.1M	$36.7M	25x	as long as short
MEXC XAU_USDTshort	+0.0110%	4h	4,306.7	+0.078%	$367.7M	$342.3M	1000x
Binance XAUUSDT	+0.0111%	4h	4,306.5	+0.075%	$428.9M	$2.16B	100x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,306.1	+0.065%	$159K	$87	10x	as long as short
GRVT XAU_USDT_Perp	+0.0114%	4h	4,308	+0.109%	$1.4M	$3.0M	25x	as long as short
Gate XAU_USDT	+0.0116%	4h	4,308.6	+0.123%	$287.2M	$432.0M	100x	as long as short
edgeX XAUUSDC	+0.0130%	4h	4,304.2	+0.020%	$29.9M	$60.3M	50x	as long as short
StandX XAU-USD	+0.0149%	1h	4,310	+0.156%	$3.8M	$4.5M	40x	as long as short
Bitget XAUUSDT	+0.0190%	4h	4,306.4	+0.073%	$70.4M	$121.6M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0192%	1h	4,305.2	+0.044%	$136K	$865K	25x	as long as short
Bullet GOLD-USD	+0.0199%	1h	4,306.8	+0.080%	$59K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0222%	1h	4,306.8	+0.081%	$4.3M	$1.8M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0229%	1h	4,304.1	+0.019%	$572K	$138K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0260%	8h	4,305.9	+0.060%	$174.2M	$307.7M	100x	as long as short
BloFin XAU-USDT	+0.0369%	4h	4,306.5	+0.073%	$16.6M	$5.0M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0464% / S −0.0311%	1h	4,306.5	+0.075%	$253K	—	111x	as long as short
Phemex XAUUSDT	+0.0497%	4h	4,311.4	+0.187%	$2.2M	$951K	100x	as long as short
HTX XAU-USDT	+0.0545%	4h	4,312.6	+0.217%	$3.2M	$6.1M	75x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,306.6	+0.076%	$4.5M	$13.1M	25x	as long as short