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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0046%/8h= +5.1% APRpaid last 24h −0.051%
Price spread now: Ondo Perps against Bitget−0.097%7-day average −0.141% · you buy dearer than you sell
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−0.144%−$14 on $10k
Price spread, last 7 days−0.107%−$11 · spread now −0.097%, 7d avg −0.141%
Together, before fees−0.251%+ Points / potential airdropOndo Perps: Active · farm board−$25 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Ondo Perps is 0.045% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.141%. Mind the row above: over the last 7 days funding on this pair cost −0.144%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget XAUUSDT4,374.90.0004pay 0.0002% / 4h3h 47m$69.7M$114.3M100x
ShortOndo Perps XAU-USD.P4,370.70.0050get 0.0006% / 1h47m 23s$14.7M$57.4M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against Bitget. 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
$9.74
Price spread: −0.097% → −0.141%
$4.46
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$2.8
Costs to cover
0.170%
Break-even
9.0 days
Slippage unknown: Bitget: live order book, 2 min ago; Ondo Perps: 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 Bitget live order book, 2 min ago0.01 bp6.4 bp −$67.8 bp −$7812.9 bp −$1,291doesn't fit
Sell Ondo Perps no order-book sample
Ondo Perps: 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 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin GOLD-PERP−0.0108%1h4,369.1−0.135%$26K$22K20xas long as short
Hotstuff GOLD-PERP−0.0032%1h4,372.3−0.060%$33K25xas long as short
Aster XAUUSD10.0000%4h4,375.1+0.003%$71.2M$209.1M20xas long as short
Binance XAUUSDT0.0000%4h4,374.6−0.008%$410.1M$2.15B100xas long as short
MEXC XAU_USDT0.0000%4h4,375+0.001%$374.3M$321.4M1000xas long as short
Variational Omni XAU0.0000%4h4,374.3−0.014%$48.7M$27.9Mas long as short
Kalshi KXGOLDPERP0.0000%24h4,374.5−0.010%$4.0M$36.6M15xas long as short
SunX XAU-USDT0.0000%4h4,380.1+0.119%$93K$10.4M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,370.1−0.110%$268K250xas long as short
Bitget XAUUSDTlong+0.0004%4h4,374.9long leg$69.7M$114.3M100x
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate XAU_USDT+0.0006%4h4,376.1+0.026%$266.3M$409.5M100xas long as short
edgeX XAUUSDC+0.0018%4h4,371.2−0.086%$30.4M$60.2M50xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.560%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,376.4+0.033%$3.8M$4.7M40xas long as short
QFEX GOLD-USD+0.0045%1h4,374.6−0.008%$5.6M$1.9M20xas long as short
Vest GC-PERP+0.0046%1h4,409.6+0.792%$1.0M25xas long as short
RISEx XAU/USDC+0.0048%1h4,375.1+0.004%$3.4M$12.3M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,371.1−0.088%$294.6M$52.5M25xas long as short
Ondo Perps XAU-USD.Pshort+0.0050%1h4,370.7−0.097%$14.7M$57.4M25x
Phoenix GOLD+0.0055%1h4,375.3+0.008%$48K$64K25xas long as short
Paradex XAU-USD-PERP+0.0069%8h4,374.7−0.005%$19K$5K5xas long as short
Lighter XAU+0.0072%1h4,374.1−0.019%$20.8M$43.3M25xas long as short
Lighter RH XAU+0.0080%1h4,376.5+0.036%$20.3M$40.9M25xas long as short
Aevo XAU-PERP+0.0080%1h4,374.9−0.002%$162K$8710xas long as short
Coinbase International GOLD-PERP-INTX+0.0096%1h4,373.7−0.028%$2.0M$5.1M25xas long as short
Pacifica XAU+0.0100%1h4,372.7−0.051%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,373.2−0.040%$277K$204K50xas long as short
Polymarket Perps GOLD-USD+0.0104%1h4,374−0.021%$4.3M$1.8M20xas long as short
Extended XAU-USD+0.0112%1h4,371−0.090%$13.3M$44.1M25xas long as short
GRVT XAU_USDT_Perp+0.0138%4h4,376.4+0.034%$1.4M$3.1M25xas long as short
OKX XAU-USDT-SWAP+0.0171%8h4,376.9+0.045%$162.3M$284.9M100xas long as short
Bybit XAUUSDT+0.0176%4h4,375.7+0.017%$83.4M$144.6M150xas long as short
Bullet GOLD-USD+0.0188%1h4,374.7−0.007%$59K$82K10xas long as short
Kraken Futures PF_XAUUSD+0.0225%1h4,373.6−0.031%$596K$146K25xas long as short
BloFin XAU-USDT+0.0240%4h4,378.3+0.078%$14.8M$4.6M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0276%1h4,374.3−0.015%$236K$655K25xas long as short
Phemex XAUUSDT+0.0344%4h4,377+0.048%$2.2M$1.1M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0390% / S −0.0197%1h4,374.6−0.008%$252K111xas long as short
HTX XAU-USDT+0.0522%4h4,382+0.160%$2.9M$3.8M75xas long as short