Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.047%

Price spread now: Bitget against Gate−0.017%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$10as in the Funding arb table

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

costs, in and out, $10k−$280.277% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.180%+$18 on $10k

Price spread, last 7 days−0.029%−$3 · spread now −0.017%, 7d avg −0.022%

Together, before fees+0.151%+$15 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAU_USDT	4,376	0	get 0.0000% / 4h	3h 51m	$266.6M	$408.2M	100x
Short	Bitget XAUUSDT	4,375.2	0	get 0.0000% / 4h	3h 51m	$69.7M	$114.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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 GatebpFee BitgetbpOrdersPrice spread, now −0.017%Rate

Funding earned: $0
Price spread: −0.017% → −0.022%: $0.5
Slippage, 4 orders: −$0.72
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$27.21
Costs to cover: 0.277%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Bitget: 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 Gate live order book, 3 min ago	0.01 bp	7.5 bp −$8	8.1 bp −$81	12.6 bp −$1,258	16.8 bp −$8,382
Sell Bitget live order book, 3 min ago	0.01 bp	6.4 bp −$6	7.6 bp −$76	12.8 bp −$1,277	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
Hotstuff GOLD-PERP	−0.0032%	1h	4,372.8	−0.072%	$33K	—	25x	as long as short
Bluefin GOLD-PERP	−0.0019%	1h	4,367.9	−0.185%	$26K	$22K	20x	as long as short
Aster XAUUSD1	0.0000%	4h	4,375.4	−0.013%	$72.0M	$211.7M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,374.9	−0.025%	$410.1M	$2.15B	100x	as long as short
Gate XAU_USDTlong	0.0000%	4h	4,376	long leg	$266.6M	$408.2M	100x
MEXC XAU_USDT	0.0000%	4h	4,374.5	−0.035%	$374.3M	$320.9M	1000x	as long as short
Bitget XAUUSDTshort	0.0000%	4h	4,375.2	−0.017%	$69.7M	$114.5M	100x
Variational Omni XAU	0.0000%	4h	4,374.3	−0.037%	$48.7M	$27.9M	—	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,373	−0.068%	$4.0M	$36.5M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,379.8	+0.088%	$93K	$10.4M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,371.2	−0.109%	$268K	—	250x	as long as short
edgeX XAUUSDC	+0.0007%	4h	4,369.8	−0.141%	$30.4M	$60.0M	50x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.584%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,376.1	+0.003%	$3.8M	$4.7M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,375.1	−0.020%	$5.6M	$1.9M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,409.6	+0.769%	—	$1.0M	25x	as long as short
RISEx XAU/USDC	+0.0048%	1h	4,375	−0.022%	$3.4M	$12.3M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,371.4	−0.104%	$294.7M	$52.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,370.1	−0.133%	$14.7M	$57.1M	25x	as long as short
Phoenix GOLD	+0.0055%	1h	4,373.6	−0.054%	$48K	$64K	25x	as long as short
Paradex XAU-USD-PERP	+0.0067%	8h	4,376.1	+0.004%	$19K	$5K	5x	as long as short
Lighter XAU	+0.0072%	1h	4,375.5	−0.011%	$20.8M	$43.3M	25x	as long as short
Lighter RH XAU	+0.0072%	1h	4,377.9	+0.044%	$20.2M	$40.8M	25x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,373.2	−0.064%	$162K	$87	10x	as long as short
Bybit XAUUSDT	+0.0083%	4h	4,375.6	−0.009%	$83.1M	$144.3M	150x	as long as short
Polymarket Perps GOLD-USD	+0.0096%	1h	4,373.5	−0.056%	$4.3M	$1.8M	20x	as long as short
Extended XAU-USD	+0.0096%	1h	4,372.4	−0.082%	$13.3M	$44.1M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,374.1	−0.043%	$2.0M	$5.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,372.9	−0.070%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,372.7	−0.075%	$277K	$204K	50x	as long as short
OKX XAU-USDT-SWAP	+0.0167%	8h	4,376	+0.001%	$160.8M	$280.4M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0185%	1h	4,374.7	−0.029%	$236K	$655K	25x	as long as short
Bullet GOLD-USD	+0.0194%	1h	4,375.2	−0.018%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,373.4	−0.059%	$596K	$154K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0234%	4h	4,375.8	−0.004%	$1.4M	$3.1M	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,376.6	+0.015%	$14.8M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0256%	4h	4,377	+0.024%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0390% / S −0.0197%	1h	4,375.2	−0.017%	$252K	—	111x	as long as short
HTX XAU-USDT	+0.0546%	4h	4,380.7	+0.108%	$2.9M	$3.8M	75x	as long as short