Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0003%/8h= −0.3% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Binance−0.059%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$440.445% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now −0.059%, 7d avg −0.041%

Together, before fees+0.048%+$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XAUUSDT	4,307.7	0.0103	pay 0.0051% / 4h	3h 35m	$434.2M	$2.22B	100x
Short	ApeX Omni XAUUSDT	4,305.2	0.0100	get 0.0013% / 1h	35m 01s	$275K	$218K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now −0.059%Rate

Funding earned: −$0.54
Price spread: −0.059% → −0.041%: −$1.87
Slippage, 4 orders: −$24.46
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$46.87
Costs to cover: 0.445%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; ApeX Omni: live order book, 62 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 Binance live order book, 9 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	6.2 bp −$615	doesn't fit
Sell ApeX Omni live order book, 62 min ago	5.20 bp	16.4 bp −$16	29.3 bp −$293	40.5 bp −$4,051	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
Hotstuff GOLD-PERP	−0.0032%	1h	4,305.5	−0.052%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,311.4	+0.085%	$92K	$6.8M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,303.6	−0.097%	$278K	—	250x	as long as short
GRVT XAU_USDT_Perp	+0.0012%	4h	4,308	+0.007%	$1.4M	$3.0M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.991%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,306.8	−0.022%	$3.8M	$4.5M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,338.7	+0.719%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,306.3	−0.033%	$6.6M	$3.1M	20x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,305	−0.063%	$291.0M	$53.9M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,304.5	−0.075%	$4.3M	$1.8M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,303.5	−0.098%	$15.0M	$55.8M	25x	as long as short
Aster XAUUSD1	+0.0052%	4h	4,308.5	+0.019%	$73.4M	$271.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,303.9	−0.089%	$2.0M	$5.1M	25x	as long as short
Paradex XAU-USD-PERP	+0.0061%	8h	4,306.2	−0.034%	$2K	$13K	5x	as long as short
Extended XAU-USD	+0.0064%	1h	4,303.2	−0.105%	$13.1M	$36.2M	25x	as long as short
Lighter XAU	+0.0080%	1h	4,306.2	−0.035%	$20.3M	$28.9M	25x	as long as short
Variational Omni XAU	+0.0089%	4h	4,305.9	−0.043%	$46.6M	$29.2M	—	as long as short
Phoenix GOLD	+0.0095%	1h	4,306.1	−0.038%	$42K	$86K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,302.7	−0.116%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDTshort	+0.0100%	1h	4,305.2	−0.059%	$275K	$218K	50x
MEXC XAU_USDT	+0.0102%	4h	4,307.4	−0.007%	$361.8M	$337.4M	1000x	as long as short
Binance XAUUSDTlong	+0.0103%	4h	4,307.7	long leg	$434.2M	$2.22B	100x
Lighter RH XAU	+0.0104%	1h	4,308.9	+0.028%	$19.8M	$39.9M	25x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,306.2	−0.036%	$159K	$87	10x	as long as short
Kalshi KXGOLDPERP	+0.0109%	24h	4,309.8	+0.048%	$3.7M	$46.5M	15x	as long as short
edgeX XAUUSDC	+0.0111%	4h	4,306.8	−0.023%	$30.0M	$61.5M	50x	as long as short
Bybit XAUUSDT	+0.0117%	4h	4,308.4	+0.017%	$77.5M	$157.3M	150x	as long as short
RISEx XAU/USDC	+0.0126%	1h	4,307.1	−0.015%	$4.4M	$13.1M	25x	as long as short
Gate XAU_USDT	+0.0160%	4h	4,310.4	+0.061%	$297.0M	$426.7M	100x	as long as short
Bitget XAUUSDT	+0.0190%	4h	4,308	+0.007%	$70.4M	$124.6M	100x	as long as short
Bullet GOLD-USD	+0.0195%	1h	4,307.2	−0.013%	$58K	$81K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0215%	1h	4,305.6	−0.049%	$134K	$846K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0249%	8h	4,308.5	+0.018%	$171.2M	$329.7M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0328%	1h	4,305.2	−0.060%	$573K	$138K	25x	as long as short
BloFin XAU-USDT	+0.0369%	4h	4,307.1	−0.014%	$16.2M	$5.0M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0466% / S −0.0314%	1h	4,307.6	−0.003%	$255K	—	111x	as long as short
Phemex XAUUSDT	+0.0527%	4h	4,310	+0.053%	$2.2M	$955K	100x	as long as short
HTX XAU-USDT	+0.1118%	4h	4,315.8	+0.187%	$3.2M	$6.2M	75x	as long as short
Bluefin GOLD-PERP	+0.4311%	1h	4,303.3	−0.103%	$25K	$1K	20x	as long as short