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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.07 per $10,000 · paid last 24h +0.008%
Price spread now: GMX against Bullet−0.002%7-day average · 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 3 days (all we have)no history yet
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: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet GOLD-USD4,347.30.0186pay 0.0023% / 1h7m 30s$59K$82K10x
ShortGMX GOLD/USD [ETH-USDC]4,347.2L +0.0418% / S −0.0240%get 0.0030% / 1h7m 30s$248K111x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against Bullet. 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
$11.34
Price spread: −0.002% → 0.000%
−$0.22
Slippage, 4 orders
no order book: not counted
Fee Bullet: 4 bp × 2 orders
−$8
Fee GMX: 6 bp × 2 orders
−$12
Net
−$8.87
Costs to cover
0.200%
Break-even
12.5 days
Slippage unknown: Bullet: no order-book sample; GMX: 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 Bullet no order-book sample
Sell GMX no order-book sample
Bullet and GMX: 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
RISEx XAU/USDC0.0000%1h4,347.5+0.004%$3.4M$12.3M25xas long as short
Gate XAU_USDT0.0000%4h4,349.4+0.049%$266.6M$417.8M100xas long as short
SunX XAU-USDT0.0000%4h4,351.7+0.101%$92K$8.9M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,342.9−0.101%$272K250xas long as short
Lighter XAU+0.0032%1h4,346.7−0.014%$20.8M$38.2M25xas long as short
Extended XAU-USD+0.0032%1h4,344−0.077%$13.2M$38.2M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.072%$619$5452xas long as short
Lighter RH XAU+0.0040%1h4,348.5+0.027%$20.1M$39.5M25xas long as short
StandX XAU-USD+0.0040%1h4,348.3+0.023%$3.8M$4.5M40xas long as short
QFEX GOLD-USD+0.0041%1h4,347.5+0.005%$5.7M$2.0M20xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest GC-PERP+0.0046%1h4,380.8+0.771%$1.0M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0048%1h4,344.8−0.058%$2.0M$4.8M25xas long as short
Kalshi KXGOLDPERP+0.0049%24h4,345.6−0.039%$4.2M$37.4M15xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,344.5−0.064%$293.9M$48.8M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,344.2−0.072%$15.1M$56.8M25xas long as short
Hotstuff GOLD-PERP+0.0056%1h4,344.4−0.067%$33K25xas long as short
Aster XAUUSD1+0.0064%4h4,348.2+0.020%$71.3M$333.1M20xas long as short
Variational Omni XAU+0.0076%4h4,345.3−0.046%$48.4M$28.2Mas long as short
Paradex XAU-USD-PERP+0.0081%8h4,347.7+0.009%$19K$5K5xas long as short
GRVT XAU_USDT_Perp+0.0090%4h4,347−0.008%$1.4M$2.9M25xas long as short
MEXC XAU_USDT+0.0090%4h4,348.1+0.018%$372.7M$320.6M1000xas long as short
Binance XAUUSDT+0.0091%4h4,348.1+0.018%$413.9M$2.10B100xas long as short
Pacifica XAU+0.0100%1h4,344−0.075%$1.4M$1.1M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,343.3−0.092%$274K$203K50xas long as short
Bluefin GOLD-PERP+0.0100%1h4,340.2−0.164%$25K$14K20xas long as short
edgeX XAUUSDC+0.0101%4h4,342.2−0.116%$30.2M$58.0M50xas long as short
Aevo XAU-PERP+0.0104%1h4,346.5−0.019%$161K$8710xas long as short
Phoenix GOLD+0.0142%1h4,344.7−0.060%$47K$77K25xas long as short
Polymarket Perps GOLD-USD+0.0167%1h4,348+0.016%$4.3M$2.0M20xas long as short
Bullet GOLD-USDlong+0.0186%1h4,347.3long leg$59K$82K10x
Kraken Futures PF_XAUUSD+0.0194%1h4,344.6−0.062%$592K$132K25xas long as short
Phemex XAUUSDT+0.0226%4h4,349.4+0.048%$2.2M$967K100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0233%1h4,345.8−0.035%$206K$825K25xas long as short
Bitget XAUUSDT+0.0234%4h4,348.7+0.033%$70.6M$109.3M100xas long as short
Bybit XAUUSDT+0.0240%4h4,349.6+0.052%$85.1M$145.4M150xas long as short
OKX XAU-USDT-SWAP+0.0300%8h4,349.4+0.048%$165.4M$282.0M100xas long as short
BloFin XAU-USDT+0.0330%4h4,347.7+0.009%$15.6M$4.5M100xas long as short
GMX GOLD/USD [ETH-USDC]shortL +0.0418% / S −0.0240%1h4,347.2−0.002%$248K111x
HTX XAU-USDT+0.0616%4h4,351.3+0.092%$2.8M$4.6M75xas long as short