Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0003%/8h= −0.3% APRpaid last 24h +0.001%

Price spread now: Binance against Aevo+0.020%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$410.411% of the position

Long on Aevo Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 4 days (all we have)−0.006%−$1 · spread now +0.020%, 7d avg +0.015%

Together, before fees−0.043%−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo XAU-PERP	4,341.6	0.0104	pay 0.0013% / 1h	43m 59s	$161K	$87	10x
Short	Binance XAUUSDT	4,342.4	0.0101	get 0.0050% / 4h	3h 43m	$414.9M	$2.09B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aevo. 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 AevobpFee BinancebpOrdersPrice spread, now +0.020%Rate

Funding earned: −$0.64
Price spread: +0.020% → +0.015%: $0.48
Slippage, 4 orders: −$15.06
Fee Aevo: 8 bp × 2 orders: −$16
Fee Binance: 5 bp × 2 orders: −$10
Net: −$41.21
Costs to cover: 0.411%
Break-even: never at this rate

Slippage from Aevo: live order book, 10 min ago; Binance: live order book, 15 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 Aevo live order book, 10 min ago	5.96 bp	15.2 bp −$15	27.8 bp −$278	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	6.6 bp −$661	doesn't fit

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	−0.0031%	1h	4,335.8	−0.133%	$25K	$14K	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,343.7	+0.050%	$267.7M	$412.7M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,346.6	+0.116%	$92K	$8.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,338.4	−0.073%	$271K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,342.1	+0.012%	$3.5M	$12.1M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,343.3	+0.041%	$20.0M	$39.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,338.2	−0.077%	$13.3M	$37.9M	25x	as long as short
Hotstuff GOLD-PERP	+0.0032%	1h	4,340.3	−0.029%	$33K	—	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.204%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,344.3	+0.063%	$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	4,341.9	+0.008%	$5.7M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,375.2	+0.775%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,341.3	−0.006%	$20.8M	$34.5M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,338.8	−0.064%	$293.5M	$49.3M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,339.2	−0.053%	$15.1M	$56.9M	25x	as long as short
Kalshi KXGOLDPERP	+0.0051%	24h	4,340.4	−0.027%	$4.3M	$37.5M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,340.3	−0.029%	$2.1M	$4.8M	25x	as long as short
Aster XAUUSD1	+0.0075%	4h	4,343.7	+0.049%	$71.5M	$332.4M	20x	as long as short
Paradex XAU-USD-PERP	+0.0082%	8h	4,342.5	+0.021%	$19K	$5K	5x	as long as short
Bybit XAUUSDT	+0.0083%	4h	4,343.1	+0.036%	$80.3M	$151.0M	150x	as long as short
Variational Omni XAU	+0.0087%	4h	4,342.7	+0.027%	$48.3M	$27.7M	—	as long as short
Pacifica XAU	+0.0100%	1h	4,338.9	−0.062%	$1.4M	$1.1M	10x	as long as short
MEXC XAU_USDT	+0.0100%	4h	4,342.4	+0.020%	$369.3M	$318.7M	1000x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,340.7	−0.019%	$274K	$203K	50x	as long as short
Binance XAUUSDTshort	+0.0101%	4h	4,342.4	+0.020%	$414.9M	$2.09B	100x
Aevo XAU-PERPlong	+0.0104%	1h	4,341.6	long leg	$161K	$87	10x
edgeX XAUUSDC	+0.0113%	4h	4,338.3	−0.074%	$30.2M	$58.3M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,338.8	−0.064%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0166%	4h	4,341.6	+0.002%	$1.4M	$2.9M	25x	as long as short
Bullet GOLD-USD	+0.0212%	1h	4,342.7	+0.026%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0218%	1h	4,342.8	+0.029%	$4.3M	$2.0M	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0234%	1h	4,340.7	−0.020%	$205K	$827K	25x	as long as short
Bitget XAUUSDT	+0.0244%	4h	4,342.6	+0.025%	$71.1M	$109.4M	100x	as long as short
Phemex XAUUSDT	+0.0244%	4h	4,343.9	+0.055%	$2.2M	$967K	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,339.5	−0.047%	$592K	$132K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0318%	8h	4,343.5	+0.045%	$166.3M	$281.6M	100x	as long as short
BloFin XAU-USDT	+0.0359%	4h	4,341.7	+0.004%	$15.6M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0427% / S −0.0252%	1h	4,342.7	+0.026%	$250K	—	111x	as long as short
HTX XAU-USDT	+0.0540%	4h	4,347	+0.124%	$2.8M	$4.6M	75x	as long as short