Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h −0.021%

Price spread now: Gate against Aevo+0.079%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$470.471% of the position

Long on Aevo Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.159%−$16 on $10k

Price spread, last 4 days (all we have)−0.074%−$7 · spread now +0.079%, 7d avg +0.043%

Together, before fees−0.233%−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.036% dearer against Aevo than usual: you sell high and buy low (spread +0.079% now, against its 7-day average of +0.043%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo XAU-PERP	4,330.3	0.0112	pay 0.0014% / 1h	26m 49s	$160K	$87	10x
Short	Gate XAU_USDT	4,333.8	0.0068	get 0.0034% / 4h	2h 26m	$273.0M	$406.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.079%Rate

Funding earned: −$9.24
Price spread: +0.079% → +0.043%: $3.61
Slippage, 4 orders: −$16.11
Fee Aevo: 8 bp × 2 orders: −$16
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$52.74
Costs to cover: 0.471%
Break-even: never at this rate

Slippage from Aevo: live order book, 22 min ago; Gate: 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 Aevo live order book, 22 min ago	5.21 bp	14.9 bp −$15	29.2 bp −$292	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	0.01 bp	7.5 bp −$8	8.3 bp −$83	12.9 bp −$1,288	21.9 bp −$11.0K

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
Hotstuff GOLD-PERP	−0.0056%	1h	4,326.5	−0.089%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,335.2	+0.112%	$92K	$8.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,326.2	−0.095%	$271K	—	250x	as long as short
Bluefin GOLD-PERP	+0.0005%	1h	4,323.2	−0.165%	$25K	$14K	20x	as long as short
Extended XAU-USD	+0.0032%	1h	4,328.4	−0.046%	$13.2M	$37.1M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.464%	$619	$54	52x	as long as short
Lighter XAU	+0.0040%	1h	4,331.3	+0.022%	$20.6M	$31.0M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,329.8	−0.013%	$3.8M	$4.6M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,328	−0.054%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,363	+0.754%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	4,329.5	−0.020%	$292.3M	$50.6M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,327	−0.077%	$15.0M	$56.6M	25x	as long as short
RISEx XAU/USDC	+0.0054%	1h	4,330.6	+0.007%	$3.7M	$12.2M	25x	as long as short
Bybit XAUUSDT	+0.0058%	4h	4,333.4	+0.070%	$78.7M	$154.9M	150x	as long as short
Kalshi KXGOLDPERP	+0.0058%	24h	4,330.7	+0.008%	$4.0M	$40.9M	15x	as long as short
Gate XAU_USDTshort	+0.0068%	4h	4,333.8	+0.079%	$273.0M	$406.5M	100x
Paradex XAU-USD-PERP	+0.0072%	8h	4,329.3	−0.024%	$19K	$5K	5x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,326.7	−0.084%	$2.1M	$4.7M	25x	as long as short
Lighter RH XAU	+0.0088%	1h	4,333.3	+0.068%	$19.9M	$38.7M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,325.8	−0.105%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,328.1	−0.052%	$275K	$204K	50x	as long as short
Aster XAUUSD1	+0.0109%	4h	4,334	+0.085%	$71.6M	$332.2M	20x	as long as short
Variational Omni XAU	+0.0111%	4h	4,333.1	+0.065%	$48.3M	$27.5M	—	as long as short
Aevo XAU-PERPlong	+0.0112%	1h	4,330.3	long leg	$160K	$87	10x
Binance XAUUSDT	+0.0119%	4h	4,332.8	+0.057%	$414.2M	$2.15B	100x	as long as short
MEXC XAU_USDT	+0.0120%	4h	4,332	+0.037%	$363.6M	$324.0M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0122%	4h	4,329.6	−0.018%	$1.4M	$2.9M	25x	as long as short
Phoenix GOLD	+0.0127%	1h	4,327.2	−0.073%	$47K	$77K	25x	as long as short
edgeX XAUUSDC	+0.0130%	4h	4,331.5	+0.028%	$30.1M	$59.0M	50x	as long as short
Bullet GOLD-USD	+0.0160%	1h	4,330.7	+0.008%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0171%	1h	4,330.6	+0.006%	$4.2M	$2.0M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0247%	1h	4,327.8	−0.059%	$589K	$130K	25x	as long as short
HTX XAU-USDT	+0.0258%	4h	4,332.4	+0.047%	$2.8M	$4.8M	75x	as long as short
Bitget XAUUSDT	+0.0280%	4h	4,332.3	+0.045%	$73.5M	$113.7M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0305%	1h	4,330	−0.008%	$200K	$824K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0338%	8h	4,333.3	+0.068%	$170.1M	$292.2M	100x	as long as short
BloFin XAU-USDT	+0.0362%	4h	4,330.9	+0.013%	$16.1M	$4.4M	100x	as long as short
Phemex XAUUSDT	+0.0398%	4h	4,336.2	+0.136%	$2.2M	$960K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0450% / S −0.0288%	1h	4,330.7	+0.007%	$250K	—	111x	as long as short