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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0098%/8h= +10.7% APRnext payment +$0.12 per $10,000 · paid last 24h +0.029%
Price spread now: ApeX Omni against gTrade (Gains Network)+0.091%67s7-day average +0.052% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2982.982% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.102%+$10 on $10k
Price spread, last 4 days (all we have)−0.175%−$17 · spread now +0.091%, 7d avg +0.052%
Together, before fees−0.073%−$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.039% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.052%. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) XAU/USD4,316L +0.0002% / S −0.0003%pay 0.0000% / 1h37m 38s$270K250x
ShortApeX Omni XAUUSDT4,319.90.0100get 0.0013% / 1h37m 38s$272K$208K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against gTrade (Gains Network). 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
$20.51
Price spread: +0.091% → +0.052%
$3.91
Slippage, 4 orders
−$281.17
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$273.76
Costs to cover
2.982%
Break-even
100.5 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 36 min ago; ApeX Omni: live order book, 4 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 gTrade (Gains Network) virtual book (oracle venue), 36 min ago130.01 bp133.5 bp −$134196.7 bp −$1,9671352.9 bp −$135.3K5907.8 bp −$2.95M
Sell ApeX Omni live order book, 4 min ago4.45 bp17.3 bp −$1730.5 bp −$305doesn't fitdoesn't fit

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−0.0085%1h4,315.6−0.011%$25K$14K20xas long as short
SunX XAU-USDT0.0000%4h4,324.4+0.193%$92K$7.9M20xas long as short
gTrade (Gains Network) XAU/USDlongL +0.0002% / S −0.0003%1h4,316long leg$270K250x
Bybit XAUUSDT+0.0005%4h4,322.1+0.141%$77.3M$155.6M150xas long as short
Hotstuff GOLD-PERP+0.0024%1h4,318+0.046%$32K25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.797%$619$5452xas long as short
Extended XAU-USD+0.0040%1h4,317.1+0.026%$13.1M$36.7M25xas long as short
StandX XAU-USD+0.0040%1h4,323+0.162%$3.8M$4.5M40xas long as short
QFEX GOLD-USD+0.0042%1h4,320.5+0.104%$5.4M$2.1M20xas long as short
Vest GC-PERP+0.0046%1h4,353.1+0.859%$1.0M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:GOLD+0.0050%1h4,317+0.023%$291.3M$51.4M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,317.2+0.028%$15.0M$55.6M25xas long as short
Lighter XAU+0.0056%1h4,320.3+0.099%$20.3M$30.4M25xas long as short
Aster XAUUSD1+0.0071%4h4,322.4+0.149%$72.4M$298.7M20xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,317.6+0.037%$2.1M$4.9M25xas long as short
Kalshi KXGOLDPERP+0.0073%24h4,321.5+0.127%$3.8M$43.4M15xas long as short
Paradex XAU-USD-PERP+0.0073%8h4,320.3+0.099%$2K$13K5xas long as short
GRVT XAU_USDT_Perp+0.0080%4h4,322.9+0.160%$1.4M$3.0M25xas long as short
Gate XAU_USDT+0.0088%4h4,322.7+0.155%$281.8M$414.1M100xas long as short
Variational Omni XAU+0.0093%4h4,322.9+0.159%$47.4M$29.0Mas long as short
MEXC XAU_USDT+0.0096%4h4,321.3+0.122%$364.4M$329.4M1000xas long as short
Binance XAUUSDT+0.0097%4h4,321.1+0.118%$415.8M$2.13B100xas long as short
Phoenix GOLD+0.0100%1h4,321+0.115%$47K$79K25xas long as short
Pacifica XAU+0.0100%1h4,317.5+0.034%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDTshort+0.0100%1h4,319.9+0.091%$272K$208K50x
Lighter RH XAU+0.0104%1h4,323.2+0.166%$19.8M$38.6M25xas long as short
Aevo XAU-PERP+0.0104%1h4,319.8+0.088%$160K$8710xas long as short
edgeX XAUUSDC+0.0119%4h4,319.5+0.081%$30.0M$61.0M50xas long as short
Kraken Futures PF_XAUUSD+0.0154%1h4,317.7+0.038%$584K$134K25xas long as short
Bullet GOLD-USD+0.0177%1h4,320.3+0.099%$59K$82K10xas long as short
RISEx XAU/USDC+0.0184%1h4,323.6+0.175%$4.2M$12.8M25xas long as short
Polymarket Perps GOLD-USD+0.0208%1h4,321.2+0.120%$4.3M$1.9M20xas long as short
HTX XAU-USDT+0.0225%4h4,325+0.207%$2.8M$4.9M75xas long as short
Bitget XAUUSDT+0.0230%4h4,321.2+0.119%$67.9M$118.7M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0260%1h4,318.8+0.064%$192K$832K25xas long as short
OKX XAU-USDT-SWAP+0.0311%8h4,322+0.139%$170.6M$297.3M100xas long as short
BloFin XAU-USDT+0.0338%4h4,321.3+0.121%$16.1M$4.6M100xas long as short
Phemex XAUUSDT+0.0375%4h4,323.1+0.165%$2.2M$967K100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0463% / S −0.0307%1h4,320.7+0.109%$252K111xas long as short