Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0002%/8h= −0.3% APRpaid last 24h +0.018%

Price spread now: Gate against gTrade (Gains Network)+0.129%7-day average +0.125% · 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−$282as in the Price arb table

costs, in and out, $10k−$2822.820% of the position

Long on gTrade (Gains Network)Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.018%+$2 on $10k

Price spread, last 3 days (all we have)−0.061%−$6 · spread now +0.129%, 7d avg +0.125%

Together, before fees−0.044%−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XAU/USD	4,344.4	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	51m 10s	$269K	—	250x
Short	Gate XAU_USDT	4,350.1	0	get 0.0000% / 4h	1h 51m	$264.3M	$405.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.129%Rate

Funding earned: −$0.48
Price spread: +0.129% → +0.125%: $0.41
Slippage, 4 orders: −$260.04
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$282.11
Costs to cover: 2.820%
Break-even: never at this rate

Slippage from gTrade (Gains Network): virtual book (oracle venue), 43 min ago; Gate: live order book, 3 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), 43 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 Gate live order book, 3 min ago	0.01 bp	7.5 bp −$8	9.3 bp −$93	13.1 bp −$1,308	14.3 bp −$7,168

XAU on 38 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	−0.0103%	1h	4,343.3	−0.027%	$25K	$14K	20x	as long as short
Hotstuff GOLD-PERP	0.0000%	1h	4,347.9	+0.080%	$33K	—	25x	as long as short
Gate XAU_USDTshort	0.0000%	4h	4,350.1	+0.129%	$264.3M	$405.5M	100x
SunX XAU-USDT	0.0000%	4h	4,351.9	+0.172%	$92K	$9.4M	20x	as long as short
gTrade (Gains Network) XAU/USDlong	L +0.0002% / S −0.0003%	1h	4,344.4	long leg	$269K	—	250x
RISEx XAU/USDC	+0.0010%	1h	4,348.9	+0.102%	$3.4M	$12.4M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,344.3	−0.003%	$13.6M	$40.5M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.138%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0037%	24h	4,346.5	+0.047%	$4.1M	$36.2M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,354.8	+0.238%	$3.8M	$4.6M	40x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,382.1	+0.867%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,348.4	+0.091%	$5.6M	$1.9M	20x	as long as short
Lighter XAU	+0.0048%	1h	4,348.2	+0.087%	$20.6M	$41.9M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,344.6	+0.004%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,344.9	+0.011%	$293.2M	$48.6M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,345	+0.013%	$15.1M	$57.8M	25x	as long as short
Aster XAUUSD1	+0.0061%	4h	4,350.1	+0.130%	$70.1M	$328.8M	20x	as long as short
Lighter RH XAU	+0.0072%	1h	4,350.7	+0.144%	$20.1M	$39.3M	25x	as long as short
Paradex XAU-USD-PERP	+0.0085%	8h	4,349.7	+0.120%	$19K	$5K	5x	as long as short
Pacifica XAU	+0.0100%	1h	4,346.9	+0.057%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,350.6	+0.142%	$275K	$203K	50x	as long as short
Polymarket Perps GOLD-USD	+0.0103%	1h	4,346.7	+0.052%	$4.3M	$1.9M	20x	as long as short
Variational Omni XAU	+0.0107%	4h	4,352.3	+0.180%	$48.3M	$28.1M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,348.1	+0.085%	$161K	$87	10x	as long as short
Binance XAUUSDT	+0.0116%	4h	4,349.6	+0.119%	$410.3M	$2.09B	100x	as long as short
MEXC XAU_USDT	+0.0118%	4h	4,349.6	+0.118%	$371.5M	$315.5M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0132%	4h	4,353.6	+0.211%	$1.4M	$3.0M	25x	as long as short
edgeX XAUUSDC	+0.0136%	4h	4,348.4	+0.092%	$30.3M	$58.7M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,352	+0.174%	$47K	$77K	25x	as long as short
Bullet GOLD-USD	+0.0194%	1h	4,348.2	+0.087%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0206%	4h	4,350.7	+0.145%	$83.9M	$145.0M	150x	as long as short
Bitget XAUUSDT	+0.0210%	4h	4,349.9	+0.125%	$69.6M	$109.2M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0249%	8h	4,350.9	+0.149%	$164.7M	$282.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0270%	1h	4,345.4	+0.022%	$593K	$133K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0279%	1h	4,347.6	+0.073%	$259K	$702K	25x	as long as short
Phemex XAUUSDT	+0.0332%	4h	4,352.3	+0.182%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0398% / S −0.0207%	1h	4,348.7	+0.098%	$251K	—	111x	as long as short
HTX XAU-USDT	+0.0606%	4h	4,353.1	+0.199%	$2.8M	$4.2M	75x	as long as short