Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Ondo Perps against tradeXYZ−0.030%7-day average −0.040% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on tradeXYZ Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 7 days+0.009%+$1 · spread now −0.030%, 7d avg −0.040%

Together, before fees−0.044%+ Points / potential airdroptradeXYZ: Active · Ondo Perps: Active · farm board−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:GOLD	4,331.5	0.0050	pay 0.0006% / 1h	43m 04s	$292.4M	$51.6M	25x
Short	Ondo Perps XAU-USD.P	4,330.2	0.0050	get 0.0006% / 1h	43m 04s	$15.1M	$59.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.030%Rate

Funding earned: $0.08
Price spread: −0.030% → −0.040%: $1.04
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$21.88
Costs to cover: 0.230%
Break-even: 1830.2 days

Slippage unknown: tradeXYZ: live order book, 10 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 10 min ago	0.12 bp	9.1 bp −$9	9.3 bp −$93	11.5 bp −$1,153	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.305%	$32K	—	25x	as long as short
Bluefin GOLD-PERP	−0.0008%	1h	4,328.2	−0.075%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,339.1	+0.176%	$92K	$5.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	0.0000%	1h	4,330.6	−0.021%	$2.1M	$5.1M	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	+0.437%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,335.5	+0.092%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0041%	1h	4,333.9	+0.055%	$6.7M	$3.2M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,368.3	+0.850%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLDlong	+0.0050%	1h	4,331.5	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
Deribit GOLD_USDC-PERPETUAL	+0.0050%	1h	4,333.5	+0.046%	$135K	$707K	25x	as long as short
Ondo Perps XAU-USD.Pshort	+0.0050%	1h	4,330.2	−0.030%	$15.1M	$59.5M	25x
Paradex XAU-USD-PERP	+0.0054%	8h	4,334.5	+0.070%	$2K	$13K	5x	as long as short
Aster XAUUSD1	+0.0054%	4h	4,336.2	+0.107%	$72.3M	$276.0M	20x	as long as short
Variational Omni XAU	+0.0074%	4h	4,333.5	+0.047%	$47.3M	$29.2M	—	as long as short
Gate XAU_USDT	+0.0076%	4h	4,336.4	+0.112%	$298.2M	$445.1M	100x	as long as short
Polymarket Perps GOLD-USD	+0.0077%	1h	4,334.6	+0.072%	$4.3M	$1.7M	20x	as long as short
Lighter XAU	+0.0080%	1h	4,334.4	+0.067%	$20.2M	$30.4M	25x	as long as short
Lighter RH XAU	+0.0088%	1h	4,336.6	+0.118%	$19.7M	$40.0M	25x	as long as short
Binance XAUUSDT	+0.0092%	4h	4,334.7	+0.073%	$441.7M	$2.43B	100x	as long as short
MEXC XAU_USDT	+0.0094%	4h	4,334.7	+0.074%	$367.1M	$353.3M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0094%	4h	4,336.8	+0.122%	$1.4M	$3.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,331.2	−0.008%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,334	+0.058%	$284K	$223K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,333.6	+0.049%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0108%	4h	4,330.5	−0.024%	$30.3M	$67.7M	50x	as long as short
Extended XAU-USD	+0.0120%	1h	4,331.1	−0.009%	$12.5M	$34.6M	25x	as long as short
Bybit XAUUSDT	+0.0122%	4h	4,336.2	+0.109%	$82.8M	$172.1M	150x	as long as short
Phoenix GOLD	+0.0127%	1h	4,333.2	+0.039%	$43K	$71K	25x	as long as short
Kalshi KXGOLDPERP	+0.0137%	24h	4,335.8	+0.099%	$3.5M	$51.1M	15x	as long as short
Bullet GOLD-USD	+0.0163%	1h	4,334.6	+0.072%	$59K	$76K	10x	as long as short
RISEx XAU/USDC	+0.0205%	1h	4,334.8	+0.076%	$4.7M	$13.2M	25x	as long as short
Bitget XAUUSDT	+0.0210%	4h	4,335	+0.080%	$72.8M	$139.5M	100x	as long as short
Phemex XAUUSDT	+0.0227%	4h	4,337.8	+0.145%	$2.3M	$772K	100x	as long as short
OKX XAU-USDT-SWAP	+0.0237%	8h	4,336	+0.104%	$170.8M	$361.5M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0253%	1h	4,331.5	0.000%	$583K	$169K	25x	as long as short
BloFin XAU-USDT	+0.0334%	4h	4,334.6	+0.072%	$16.3M	$5.3M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0460% / S −0.0308%	1h	4,334.6	+0.072%	$253K	—	111x	as long as short
HTX XAU-USDT	+0.1073%	4h	4,341.1	+0.222%	$3.2M	$7.1M	75x	as long as short