Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0145%/8h= −15.8% APRpaid last 24h −0.014%

Price spread now: StandX against Bybit−0.022%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$260.257% of the position

Long on Bybit Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 7 days+0.017%+$2 · spread now −0.022%, 7d avg −0.005%

Together, before fees−0.020%+ Points / potential airdropStandX: Active · farm board−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XAUUSDT	4,357	0.0185	pay 0.0092% / 4h	2h 36m	$84.1M	$143.6M	150x
Short	StandX XAU-USD	4,356	0.0040	get 0.0005% / 1h	36m 54s	$3.8M	$4.7M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX against Bybit. 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 BybitbpFee StandXbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$30.37
Price spread: −0.022% → −0.005%: −$1.67
Slippage, 4 orders: −$6.65
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee StandX: 4 bp × 2 orders: −$8
Net: −$57.69
Costs to cover: 0.257%
Break-even: never at this rate

Slippage from Bybit: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 2 min ago	0.01 bp	5.5 bp −$6	6.8 bp −$68	10.7 bp −$1,073	32.7 bp −$16.4K
Sell StandX live order book, 2 min ago	3.10 bp	7.1 bp −$7	7.2 bp −$72	9.8 bp −$982	11.9 bp −$5,950

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
Bluefin GOLD-PERP	−0.0316%	1h	4,348.2	−0.202%	$25K	$14K	20x	as long as short
Aster XAUUSD1	0.0000%	4h	4,356.1	−0.020%	$70.1M	$293.0M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,357.2	+0.006%	$263.3M	$408.2M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,352.3	−0.107%	$4.1M	$36.5M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,357.9	+0.022%	$93K	$9.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,350.2	−0.156%	$269K	—	250x	as long as short
Extended XAU-USD	+0.0032%	1h	4,351.8	−0.120%	$13.6M	$43.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0032%	1h	4,352.8	−0.095%	$33K	—	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.150%	$619	$54	52x	as long as short
Lighter XAU	+0.0040%	1h	4,353.9	−0.070%	$20.6M	$43.5M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAU-USDshort	+0.0040%	1h	4,356	−0.022%	$3.8M	$4.7M	40x
Vest GC-PERP	+0.0046%	1h	4,388.2	+0.717%	—	$1.0M	25x	as long as short
Lighter RH XAU	+0.0048%	1h	4,356.2	−0.018%	$20.1M	$40.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,352.5	−0.102%	$293.9M	$48.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,352.7	−0.097%	$15.0M	$57.7M	25x	as long as short
QFEX GOLD-USD	+0.0051%	1h	4,354.8	−0.050%	$5.6M	$1.9M	20x	as long as short
Polymarket Perps GOLD-USD	+0.0060%	1h	4,353	−0.091%	$4.3M	$1.9M	20x	as long as short
Variational Omni XAU	+0.0061%	4h	4,355.7	−0.029%	$48.3M	$28.4M	—	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,350.9	−0.139%	$2.0M	$5.0M	25x	as long as short
edgeX XAUUSDC	+0.0084%	4h	4,350.2	−0.155%	$30.3M	$60.6M	50x	as long as short
Paradex XAU-USD-PERP	+0.0084%	8h	4,355.6	−0.031%	$19K	$5K	5x	as long as short
MEXC XAU_USDT	+0.0084%	4h	4,355.5	−0.034%	$374.0M	$322.1M	1000x	as long as short
Binance XAUUSDT	+0.0086%	4h	4,355.6	−0.031%	$409.4M	$2.10B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,352.4	−0.105%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,353.9	−0.071%	$275K	$204K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,353.2	−0.087%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0121%	1h	4,355.1	−0.043%	$48K	$64K	25x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,355.3	−0.039%	$3.4M	$12.4M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0136%	4h	4,357.5	+0.012%	$1.4M	$2.9M	25x	as long as short
Bitget XAUUSDT	+0.0150%	4h	4,356	−0.023%	$69.2M	$109.7M	100x	as long as short
Bullet GOLD-USD	+0.0158%	1h	4,354.2	−0.063%	$59K	$83K	10x	as long as short
Bybit XAUUSDTlong	+0.0185%	4h	4,357	long leg	$84.1M	$143.6M	150x
OKX XAU-USDT-SWAP	+0.0225%	8h	4,357	+0.001%	$164.9M	$284.4M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0256%	1h	4,353.1	−0.089%	$234K	$661K	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,351.2	−0.133%	$593K	$141K	25x	as long as short
BloFin XAU-USDT	+0.0286%	4h	4,364.8	+0.180%	$15.5M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0382%	4h	4,358.5	+0.036%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0394% / S −0.0199%	1h	4,354	−0.067%	$253K	—	111x	as long as short
HTX XAU-USDT	+0.0525%	4h	4,358.9	+0.045%	$2.9M	$3.9M	75x	as long as short