Settings8H · net · $10k
Funding arb · Price arb /

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%
Price spread now: Aevo against ApeX Omni−0.064%7-day average +0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$620.623% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.007%+$1 on $10k
Price spread, last 4 days (all we have)+0.173%+$17 · spread now −0.064%, 7d avg +0.028%
Together, before fees+0.180%+$18 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.093% cheaper against ApeX Omni than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.028%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni XAUUSDT4,324.50.0100pay 0.0013% / 1h55m 24s$287K$227K50x
ShortAevo XAU-PERP4,321.70.0104get 0.0013% / 1h55m 24s$160K$8710x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against ApeX Omni. 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

Funding earned
$0.84
Price spread: −0.064% → +0.028%
−$9.27
Slippage, 4 orders
−$36.35
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$70.78
Costs to cover
0.623%
Break-even
596.9 days
Slippage from ApeX Omni: live order book, 50 min ago; Aevo: live order book, 51 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 50 min ago5.72 bp15.0 bp −$1526.0 bp −$26035.5 bp −$3,545doesn't fit
Sell Aevo live order book, 51 min ago6.18 bp15.4 bp −$1525.7 bp −$257doesn't fitdoesn't fit

XAU on 39 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff GOLD-PERP−0.0096%1h4,321.9−0.059%$35K$3K25xas long as short
Coinbase International GOLD-PERP-INTX−0.0032%1h4,319.5−0.115%$2.1M$5.0M25xas long as short
SunX XAU-USDT0.0000%4h4,327.9+0.079%$92K$5.6M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0002%1h4,318.2−0.146%$307K250xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.600%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,324.3−0.004%$3.8M$4.5M40xas long as short
QFEX GOLD-USD+0.0042%1h4,321.6−0.066%$6.7M$3.3M20xas long as short
Aster XAUUSD1+0.0043%4h4,324.3−0.003%$71.4M$276.6M20xas long as short
Vest GC-PERP+0.0046%1h4,355.9+0.727%$1.0M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,318.9−0.128%$15.2M$59.2M25xas long as short
Show all 39 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex XAU-USD-PERP+0.0055%8h4,322.2−0.053%$2K$13K5xas long as short
RISEx XAU/USDC+0.0062%1h4,323.1−0.032%$4.6M$13.3M25xas long as short
Variational Omni XAU+0.0065%4h4,322.2−0.052%$47.1M$28.0Mas long as short
Gate XAU_USDT+0.0068%4h4,324.7+0.005%$299.1M$431.7M100xas long as short
MEXC XAU_USDT+0.0082%4h4,322.7−0.041%$361.5M$348.2M1000xas long as short
edgeX XAUUSDC+0.0082%4h4,321.6−0.067%$30.2M$66.3M50xas long as short
Binance XAUUSDT+0.0083%4h4,322.8−0.039%$440.7M$2.42B100xas long as short
tradeXYZ xyz:GOLD+0.0086%1h4,320.6−0.089%$291.9M$51.9M25xas long as short
GRVT XAU_USDT_Perp+0.0092%4h4,325.9+0.032%$1.4M$3.1M25xas long as short
Lighter XAU+0.0096%1h4,322.3−0.051%$20.1M$29.9M25xas long as short
Pacifica XAU+0.0100%1h4,320.2−0.099%$1.4M$1.4M10xas long as short
ApeX Omni XAUUSDTlong+0.0100%1h4,324.5long leg$287K$227K50x
Bluefin GOLD-PERP+0.0100%1h4,317.9−0.153%$25K$1K20xas long as short
Aevo XAU-PERPshort+0.0104%1h4,321.7−0.064%$160K$8710x
Phoenix GOLD+0.0127%1h4,324.1−0.009%$43K$71K25xas long as short
Lighter RH XAU+0.0144%1h4,324.8+0.007%$19.5M$38.9M25xas long as short
Kalshi KXGOLDPERP+0.0145%24h4,324.6+0.003%$3.5M$51.5M15xas long as short
Bybit XAUUSDT+0.0154%4h4,324.1−0.009%$82.9M$166.9M150xas long as short
Kraken Futures PF_XAUUSD+0.0197%1h4,320.4−0.094%$582K$166K25xas long as short
Extended XAU-USD+0.0200%1h4,318.6−0.137%$12.5M$34.1M25xas long as short
Bitget XAUUSDT+0.0200%4h4,323.3−0.026%$73.0M$140.1M100xas long as short
Phemex XAUUSDT+0.0209%4h4,326.6+0.049%$2.3M$733K100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0213%1h4,321.3−0.073%$135K$659K25xas long as short
Bullet GOLD-USD+0.0219%1h4,322.7−0.041%$59K$77K10xas long as short
OKX XAU-USDT-SWAP+0.0226%8h4,323.2−0.029%$170.8M$361.4M100xas long as short
Polymarket Perps GOLD-USD+0.0228%1h4,322.7−0.041%$4.3M$1.7M20xas long as short
BloFin XAU-USDT+0.0321%4h4,325.5+0.024%$16.5M$5.2M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0425% / S −0.0258%1h4,322.7−0.041%$253K111xas long as short
HTX XAU-USDT+0.1028%4h4,331.5+0.162%$3.2M$7.1M75xas long as short