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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC−0.0228%/8hpaid last 24h −0.039%
Price spread now: StandX against Bitget+0.036%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$270.267% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.140%−$14 on $10k
Price spread, last 7 days−0.037%−$4 · spread now +0.036%, 7d avg +0.008%
Together, before fees−0.177%+ Points / potential airdropStandX: Active · farm board−$18 on $10k · with fees, hour by hour
The price spread pays, funding is against you. StandX is 0.028% dearer against Bitget than usual: you sell high and buy low (spread +0.036% now, against its 7-day average of +0.008%): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.140% in total) that is about 34 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.140% in total (about -7.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget XAUUSDT4,354.60.0268pay 0.0134% / 4h21m 57s$69.0M$109.3M100x
ShortStandX XAU-USD4,356.20.0040get 0.0005% / 1h21m 57s$3.8M$4.4M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX 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
−$47.88
Price spread: +0.036% → +0.008%
$2.79
Slippage, 4 orders
−$6.75
Fee Bitget: 6 bp × 2 orders
−$12
Fee StandX: 4 bp × 2 orders
−$8
Net
−$71.84
Costs to cover
0.267%
Break-even
never at this rate
Slippage from Bitget: live order book, 2 min ago; StandX: live order book, 2 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 Bitget live order book, 2 min ago0.01 bp6.2 bp −$66.8 bp −$6811.7 bp −$1,166doesn't fit
Sell StandX live order book, 2 min ago2.30 bp8.2 bp −$88.9 bp −$8910.7 bp −$1,07412.0 bp −$6,006

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
SunX XAU-USDT0.0000%4h4,360.2+0.128%$93K$11.0M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,352.8−0.043%$267K250xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.097%$619$5452xas long as short
Kalshi KXGOLDPERP+0.0034%24h4,354.9+0.006%$4.0M$32.3M15xas long as short
StandX XAU-USDshort+0.0040%1h4,356.2+0.036%$3.8M$4.4M40x
Vest GC-PERP+0.0046%1h4,390.7+0.828%$995K25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,352.9−0.040%$294.1M$51.5M25xas long as short
QFEX GOLD-USD+0.0050%1h4,354.8+0.004%$5.5M$1.8M20xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,351.8−0.065%$14.9M$51.2M25xas long as short
Paradex XAU-USD-PERP+0.0069%8h4,356.6+0.045%$19K$6K5xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate XAU_USDT+0.0070%4h4,357.4+0.062%$273.6M$406.5M100xas long as short
Lighter XAU+0.0072%1h4,355.2+0.013%$20.8M$46.2M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,353.9−0.017%$2.0M$5.2M25xas long as short
RISEx XAU/USDC+0.0100%1h4,356.4+0.040%$3.6M$12.3M25xas long as short
Pacifica XAU+0.0100%1h4,353.5−0.026%$1.4M$1.3M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,352−0.062%$273K$203K50xas long as short
Bluefin GOLD-PERP+0.0100%1h4,350.2−0.103%$26K$21K20xas long as short
Hotstuff GOLD-PERP+0.0104%1h4,353.4−0.028%$33K25xas long as short
Extended XAU-USD+0.0112%1h4,351.6−0.071%$13.2M$51.2M25xas long as short
Aevo XAU-PERP+0.0112%1h4,356+0.031%$161K$8710xas long as short
Bullet GOLD-USD+0.0113%1h4,356+0.031%$59K$77K10xas long as short
Variational Omni XAU+0.0134%4h4,355.3+0.016%$47.7M$34.5Mas long as short
MEXC XAU_USDT+0.0138%4h4,354.9+0.005%$379.3M$334.4M1000xas long as short
Binance XAUUSDT+0.0140%4h4,354.9+0.005%$415.2M$2.07B100xas long as short
Aster XAUUSD1+0.0147%4h4,355.1+0.012%$70.3M$240.4M20xas long as short
Phoenix GOLD+0.0151%1h4,353.7−0.021%$43K$64K25xas long as short
GRVT XAU_USDT_Perp+0.0156%4h4,356+0.032%$1.4M$3.4M25xas long as short
edgeX XAUUSDC+0.0156%4h4,352−0.061%$30.3M$56.7M50xas long as short
Lighter RH XAU+0.0160%1h4,357.8+0.073%$20.4M$44.8M25xas long as short
Bybit XAUUSDT+0.0172%4h4,355.8+0.026%$84.1M$140.1M150xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0186%1h4,354.8+0.004%$222K$959K25xas long as short
Polymarket Perps GOLD-USD+0.0198%1h4,356.7+0.048%$4.4M$2.3M20xas long as short
Bitget XAUUSDTlong+0.0268%4h4,354.6long leg$69.0M$109.3M100x
HTX XAU-USDT+0.0283%4h4,358.3+0.085%$2.8M$3.6M75xas long as short
OKX XAU-USDT-SWAP+0.0313%8h4,356.3+0.038%$158.2M$269.0M100xas long as short
Kraken Futures PF_XAUUSD+0.0328%1h4,354.3−0.008%$588K$108K25xas long as short
Phemex XAUUSDT+0.0339%4h4,358.4+0.085%$2.2M$1.1M100xas long as short
BloFin XAU-USDT+0.0380%4h4,356+0.031%$14.9M$4.2M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0457% / S −0.0291%1h4,356+0.032%$251K111xas long as short