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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC+0.0027%/8h= +3.0% APRnext payment +$0.03 per $10,000 · paid last 24h −0.001%
Price spread now: Phoenix against ApeX Omni+0.005%116s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.013%+$1 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 116 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni XAUUSDT4,3340.0100pay 0.0013% / 1h43m 36s$284K$223K50x
ShortPhoenix GOLD4,334.20.0127get 0.0016% / 1h43m 36s$43K$71K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix 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
$5.73
Price spread: +0.005% → 0.000%
$0.46
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$10.81
Costs to cover
0.170%
Break-even
20.2 days
Slippage unknown: ApeX Omni: live order book, 2 min ago; Phoenix: 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
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 2 min ago5.72 bp15.0 bp −$1526.0 bp −$26035.5 bp −$3,545doesn't fit
Sell Phoenix no order-book sample
Phoenix: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff GOLD-PERP−3.2000%1h4,318.3−0.362%$32K25xas long as short
SunX XAU-USDT0.0000%4h4,338.7+0.108%$92K$5.9M20xas long as short
Coinbase International GOLD-PERP-INTX0.0000%1h4,330.5−0.081%$2.1M$5.2M25xas long as short
Bluefin GOLD-PERP+0.0002%1h4,328.9−0.119%$25K$1K20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,331.8−0.051%$304K250xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.379%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,335.5+0.035%$3.8M$4.5M40xas long as short
QFEX GOLD-USD+0.0041%1h4,333.9−0.002%$6.7M$3.2M20xas long as short
Vest GC-PERP+0.0046%1h4,368.2+0.789%$1.0M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,331.5−0.058%$292.4M$51.6M25xas long as short
Show all 39 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps XAU-USD.P+0.0050%1h4,330.2−0.087%$15.1M$59.5M25xas long as short
Paradex XAU-USD-PERP+0.0054%8h4,334.5+0.012%$2K$13K5xas long as short
Aster XAUUSD1+0.0054%4h4,336.2+0.050%$72.3M$276.0M20xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0073%1h4,334.5+0.012%$135K$707K25xas long as short
Variational Omni XAU+0.0074%4h4,333.5−0.010%$47.3M$29.2Mas long as short
Polymarket Perps GOLD-USD+0.0074%1h4,334.2+0.005%$4.3M$1.7M20xas long as short
Gate XAU_USDT+0.0076%4h4,336.3+0.054%$298.2M$445.0M100xas long as short
Lighter XAU+0.0080%1h4,334.1+0.002%$20.2M$30.4M25xas long as short
Lighter RH XAU+0.0088%1h4,336.3+0.053%$19.6M$40.0M25xas long as short
Binance XAUUSDT+0.0092%4h4,334.6+0.014%$442.6M$2.43B100xas long as short
MEXC XAU_USDT+0.0094%4h4,334.6+0.014%$367.1M$353.2M1000xas long as short
GRVT XAU_USDT_Perp+0.0094%4h4,336.8+0.064%$1.4M$3.1M25xas long as short
Pacifica XAU+0.0100%1h4,331.2−0.066%$1.4M$1.3M10xas long as short
ApeX Omni XAUUSDTlong+0.0100%1h4,334long leg$284K$223K50x
Aevo XAU-PERP+0.0104%1h4,334.3+0.007%$161K$8710xas long as short
edgeX XAUUSDC+0.0108%4h4,330.5−0.081%$30.3M$67.7M50xas long as short
Extended XAU-USD+0.0120%1h4,331.1−0.067%$12.5M$34.6M25xas long as short
Bybit XAUUSDT+0.0122%4h4,336.4+0.056%$82.8M$172.2M150xas long as short
Phoenix GOLDshort+0.0127%1h4,334.2+0.005%$43K$71K25x
Kalshi KXGOLDPERP+0.0137%24h4,336.4+0.055%$3.5M$51.1M15xas long as short
Bullet GOLD-USD+0.0165%1h4,335.2+0.027%$59K$76K10xas long as short
RISEx XAU/USDC+0.0205%1h4,334.8+0.019%$4.7M$13.2M25xas long as short
Bitget XAUUSDT+0.0210%4h4,335+0.023%$72.8M$139.5M100xas long as short
Phemex XAUUSDT+0.0227%4h4,338.4+0.101%$2.3M$772K100xas long as short
OKX XAU-USDT-SWAP+0.0237%8h4,336+0.046%$170.7M$361.4M100xas long as short
Kraken Futures PF_XAUUSD+0.0253%1h4,332.3−0.040%$583K$169K25xas long as short
BloFin XAU-USDT+0.0336%4h4,334.8+0.019%$16.3M$5.3M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0460% / S −0.0308%1h4,334.8+0.019%$253K111xas long as short
HTX XAU-USDT+0.1076%4h4,341.1+0.165%$3.2M$7.1M75xas long as short