Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0222%/8h= +24.3% APRpaid last 24h +0.115%

Price spread now: BloFin against gTrade (Gains Network)+0.101%50s7-day average +0.106% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2792.791% of the position

Long on gTrade (Gains Network)Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.277%+$28 on $10k

Price spread, last 3 days (all we have)+0.073%+$7 · spread now +0.101%, 7d avg +0.106%

Together, before fees+0.350%+$35 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.106%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XAU/USD	4,358.4	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	59m 44s	$269K	—	250x
Short	BloFin XAU-USDT	4,362.7	0.0225	get 0.0112% / 4h	2h 59m	$15.4M	$4.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee BloFinbpOrdersPrice spread, now +0.101%Rate

Funding earned: $46.68
Price spread: +0.101% → +0.106%: −$0.53
Slippage, 4 orders: −$260.11
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$232.96
Costs to cover: 2.791%
Break-even: 41.9 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 39 min ago; BloFin: live order book, 4 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 gTrade (Gains Network) virtual book (oracle venue), 39 min ago	130.01 bp	133.5 bp −$134	196.7 bp −$1,967	1352.9 bp −$135.3K	5907.8 bp −$2.95M
Sell BloFin live order book, 4 min ago	0.01 bp	6.0 bp −$6	6.2 bp −$62	7.4 bp −$739	doesn't fit

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
Aster XAUUSD1	0.0000%	4h	4,363.7	+0.123%	$69.9M	$239.6M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,363.2	+0.111%	$265.2M	$400.0M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,359.7	+0.031%	$4.0M	$36.7M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,367.3	+0.204%	$93K	$10.0M	20x	as long as short
gTrade (Gains Network) XAU/USDlong	L +0.0002% / S −0.0003%	1h	4,358.4	long leg	$269K	—	250x
Extended XAU-USD	+0.0032%	1h	4,359.1	+0.018%	$13.5M	$43.5M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.182%	$619	$54	52x	as long as short
Variational Omni XAU	+0.0040%	4h	4,362	+0.083%	$48.4M	$28.5M	—	as long as short
StandX XAU-USD	+0.0040%	1h	4,363.9	+0.127%	$3.8M	$4.7M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,362.9	+0.104%	$5.6M	$1.9M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,395.9	+0.862%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,360.1	+0.040%	$294.3M	$51.8M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,358.8	+0.011%	$14.8M	$57.3M	25x	as long as short
Phoenix GOLD	+0.0055%	1h	4,359.6	+0.029%	$48K	$64K	25x	as long as short
MEXC XAU_USDT	+0.0058%	4h	4,363.5	+0.119%	$372.8M	$318.2M	1000x	as long as short
Binance XAUUSDT	+0.0060%	4h	4,363.7	+0.122%	$411.7M	$2.14B	100x	as long as short
edgeX XAUUSDC	+0.0063%	4h	4,356.5	−0.041%	$30.3M	$60.4M	50x	as long as short
Lighter XAU	+0.0072%	1h	4,361.8	+0.080%	$20.6M	$43.2M	25x	as long as short
Paradex XAU-USD-PERP	+0.0088%	8h	4,363.3	+0.115%	$19K	$5K	5x	as long as short
Lighter RH XAU	+0.0096%	1h	4,364.4	+0.138%	$20.2M	$40.5M	25x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,361.7	+0.077%	$162K	$87	10x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,358.5	+0.003%	$2.0M	$5.0M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,360.1	+0.040%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,359.2	+0.018%	$275K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,355.2	−0.073%	$26K	$22K	20x	as long as short
Bitget XAUUSDT	+0.0112%	4h	4,362.6	+0.098%	$69.6M	$111.3M	100x	as long as short
Polymarket Perps GOLD-USD	+0.0116%	1h	4,361.5	+0.072%	$4.3M	$1.8M	20x	as long as short
Hotstuff GOLD-PERP	+0.0128%	1h	4,358.3	−0.001%	$33K	—	25x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,362.9	+0.104%	$3.4M	$12.4M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0142%	4h	4,362.6	+0.098%	$1.4M	$3.1M	25x	as long as short
Bybit XAUUSDT	+0.0195%	4h	4,363.6	+0.121%	$83.7M	$144.9M	150x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0209%	1h	4,360.6	+0.052%	$235K	$658K	25x	as long as short
Bullet GOLD-USD	+0.0214%	1h	4,362.9	+0.104%	$59K	$82K	10x	as long as short
OKX XAU-USDT-SWAP	+0.0216%	8h	4,363.4	+0.116%	$164.3M	$286.6M	100x	as long as short
BloFin XAU-USDTshort	+0.0225%	4h	4,362.7	+0.101%	$15.4M	$4.6M	100x
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,359.7	+0.031%	$595K	$141K	25x	as long as short
Phemex XAUUSDT	+0.0323%	4h	4,365.5	+0.164%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0394% / S −0.0199%	1h	4,362.9	+0.105%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.0559%	4h	4,367.1	+0.202%	$2.9M	$3.9M	75x	as long as short