Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h +0.030%

Price spread now: MEXC against gTrade (Gains Network)+0.091%7-day average +0.097% · 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−$272as in the Price arb table

costs, in and out, $10k−$2712.711% of the position

Long on gTrade (Gains Network)Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.059%+$6 on $10k

Price spread, last 4 days (all we have)−0.077%−$8 · spread now +0.091%, 7d avg +0.097%

Together, before fees−0.018%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.097%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XAU/USD	4,331	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	41m 48s	$304K	—	250x
Short	MEXC XAU_USDT	4,335	0.0090	get 0.0045% / 4h	1h 41m	$366.6M	$353.5M	1000x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.091%Rate

Funding earned: $18.4
Price spread: +0.091% → +0.097%: −$0.55
Slippage, 4 orders: −$260.07
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$253.22
Costs to cover: 2.711%
Break-even: 103.4 days

Slippage from gTrade (Gains Network): virtual book (oracle exchange), 5 min ago; MEXC: live order book, 5 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 exchange), 5 min ago	130.00 bp	133.5 bp −$134	196.7 bp −$1,967	1352.9 bp −$135.3K	5907.8 bp −$2.95M
Sell MEXC live order book, 5 min ago	0.04 bp	2.0 bp −$2	2.0 bp −$20	5.9 bp −$589	25.0 bp −$12.5K

XAU on 39 exchanges

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
Hotstuff GOLD-PERP	−3.2000%	1h	4,318.3	−0.293%	$32K	—	25x	as long as short
Bluefin GOLD-PERP	−0.0020%	1h	4,328.2	−0.064%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,339.7	+0.200%	$92K	$5.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	0.0000%	1h	4,330.6	−0.009%	$2.1M	$5.1M	25x	as long as short
gTrade (Gains Network) XAU/USDlong	L +0.0002% / S −0.0003%	1h	4,331	long leg	$304K	—	250x
Deribit GOLD_USDC-PERPETUAL	+0.0004%	1h	4,333.8	+0.064%	$135K	$707K	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.448%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,336.1	+0.118%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0041%	1h	4,334.3	+0.076%	$6.7M	$3.2M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,368.7	+0.870%	—	$1.0M	25x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	4,332.2	+0.027%	$292.4M	$51.6M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,331.1	+0.001%	$15.1M	$59.5M	25x	as long as short
Aster XAUUSD1	+0.0051%	4h	4,336.3	+0.123%	$72.3M	$275.9M	20x	as long as short
Paradex XAU-USD-PERP	+0.0054%	8h	4,334.9	+0.089%	$2K	$13K	5x	as long as short
Lighter XAU	+0.0072%	1h	4,334.5	+0.080%	$20.2M	$30.4M	25x	as long as short
Variational Omni XAU	+0.0074%	4h	4,333.5	+0.059%	$47.3M	$29.2M	—	as long as short
Gate XAU_USDT	+0.0076%	4h	4,336.4	+0.125%	$298.2M	$445.3M	100x	as long as short
Polymarket Perps GOLD-USD	+0.0080%	1h	4,335.2	+0.097%	$4.3M	$1.7M	20x	as long as short
Lighter RH XAU	+0.0088%	1h	4,336.8	+0.133%	$19.7M	$40.0M	25x	as long as short
MEXC XAU_USDTshort	+0.0090%	4h	4,335	+0.091%	$366.6M	$353.5M	1000x
Binance XAUUSDT	+0.0090%	4h	4,334.9	+0.090%	$441.7M	$2.43B	100x	as long as short
GRVT XAU_USDT_Perp	+0.0094%	4h	4,336.8	+0.134%	$1.4M	$3.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,331.6	+0.014%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,334	+0.069%	$284K	$223K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,333.7	+0.061%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0108%	4h	4,330.5	−0.012%	$30.3M	$67.7M	50x	as long as short
Extended XAU-USD	+0.0120%	1h	4,331.3	+0.006%	$12.5M	$34.6M	25x	as long as short
Bybit XAUUSDT	+0.0122%	4h	4,336.3	+0.121%	$82.9M	$172.0M	150x	as long as short
Phoenix GOLD	+0.0127%	1h	4,333.2	+0.051%	$43K	$71K	25x	as long as short
Kalshi KXGOLDPERP	+0.0137%	24h	4,335.7	+0.108%	$3.5M	$51.1M	15x	as long as short
Bullet GOLD-USD	+0.0161%	1h	4,335.2	+0.097%	$59K	$76K	10x	as long as short
RISEx XAU/USDC	+0.0205%	1h	4,335.5	+0.104%	$4.7M	$13.2M	25x	as long as short
Bitget XAUUSDT	+0.0210%	4h	4,335.1	+0.093%	$72.9M	$139.7M	100x	as long as short
Phemex XAUUSDT	+0.0227%	4h	4,337.2	+0.142%	$2.3M	$777K	100x	as long as short
OKX XAU-USDT-SWAP	+0.0237%	8h	4,336.2	+0.120%	$170.8M	$361.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0253%	1h	4,332.2	+0.028%	$583K	$169K	25x	as long as short
BloFin XAU-USDT	+0.0334%	4h	4,334.6	+0.083%	$16.3M	$5.3M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0460% / S −0.0308%	1h	4,334.6	+0.084%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.1070%	4h	4,341.1	+0.234%	$3.2M	$7.1M	75x	as long as short