Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0527%/8h= +57.7% APRpaid last 24h +0.016%

Price spread now: RISEx against Gate−0.047%7-day average −0.027% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$220.220% of the position

Long on Gate Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.071%+$7 on $10k

Price spread, last 7 days+0.005%+$1 · spread now −0.047%, 7d avg −0.027%

Together, before fees+0.076%+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.027%, so right now this pair is about funding alone: +$16 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.071% in total (about 6.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAU_USDT	4,308.6	0.0116	pay 0.0058% / 4h	4m 14s	$287.2M	$432.0M	100x
Short	RISEx XAU/USDC	4,306.6	0.0643	get 0.0080% / 1h	4m 14s	$4.5M	$13.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.047%Rate

Funding earned: $110.63
Price spread: −0.047% → −0.027%: −$1.95
Slippage, 4 orders: −$0.95
Fee Gate: 7.5 bp × 2 orders: −$15
Fee RISEx: 3 bp × 2 orders: −$6
Net: $86.73
Costs to cover: 0.220%
Break-even: 1.5 days

Slippage from Gate: live order book, 5 min ago; RISEx: 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 Gate live order book, 5 min ago	0.01 bp	7.5 bp −$8	8.3 bp −$83	11.7 bp −$1,165	14.1 bp −$7,033
Sell RISEx live order book, 5 min ago	0.45 bp	3.5 bp −$3	4.7 bp −$47	52.3 bp −$5,233	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
SunX XAU-USDT	0.0000%	4h	4,310.6	+0.047%	$92K	$7.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,302.7	−0.136%	$268K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.970%	$619	$54	52x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,305.2	−0.079%	$6.6M	$3.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,338.4	+0.691%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,303.3	−0.123%	$289.7M	$52.9M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,302.9	−0.133%	$15.0M	$55.3M	25x	as long as short
Hotstuff GOLD-PERP	+0.0056%	1h	4,303.4	−0.121%	$32K	—	25x	as long as short
Aster XAUUSD1	+0.0057%	4h	4,307.9	−0.016%	$72.8M	$271.9M	20x	as long as short
Paradex XAU-USD-PERP	+0.0062%	8h	4,305.6	−0.070%	$2K	$14K	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit XAUUSDT	+0.0071%	4h	4,307.1	−0.035%	$77.3M	$155.6M	150x	as long as short
Lighter XAU	+0.0072%	1h	4,305.6	−0.071%	$20.2M	$30.2M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,303.4	−0.121%	$2.0M	$5.1M	25x	as long as short
Bluefin GOLD-PERP	+0.0082%	1h	4,302.1	−0.152%	$25K	$1K	20x	as long as short
Phoenix GOLD	+0.0096%	1h	4,305.5	−0.072%	$42K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,303.2	−0.126%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,304	−0.108%	$269K	$214K	50x	as long as short
Kalshi KXGOLDPERP	+0.0100%	24h	4,308.3	−0.007%	$3.7M	$45.5M	15x	as long as short
Variational Omni XAU	+0.0101%	4h	4,306.5	−0.048%	$46.7M	$29.3M	—	as long as short
Lighter RH XAU	+0.0104%	1h	4,308.1	−0.012%	$19.9M	$40.3M	25x	as long as short
Extended XAU-USD	+0.0104%	1h	4,302.5	−0.141%	$13.1M	$36.7M	25x	as long as short
MEXC XAU_USDT	+0.0110%	4h	4,306.7	−0.045%	$367.7M	$342.3M	1000x	as long as short
Binance XAUUSDT	+0.0111%	4h	4,306.5	−0.048%	$428.9M	$2.16B	100x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,306.1	−0.059%	$159K	$87	10x	as long as short
GRVT XAU_USDT_Perp	+0.0114%	4h	4,308	−0.015%	$1.4M	$3.0M	25x	as long as short
Gate XAU_USDTlong	+0.0116%	4h	4,308.6	long leg	$287.2M	$432.0M	100x
edgeX XAUUSDC	+0.0130%	4h	4,304.2	−0.103%	$29.9M	$60.3M	50x	as long as short
StandX XAU-USD	+0.0149%	1h	4,310	+0.032%	$3.8M	$4.5M	40x	as long as short
Bitget XAUUSDT	+0.0190%	4h	4,306.4	−0.051%	$70.4M	$121.6M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0192%	1h	4,305.2	−0.079%	$136K	$865K	25x	as long as short
Bullet GOLD-USD	+0.0199%	1h	4,306.8	−0.043%	$59K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0222%	1h	4,306.8	−0.042%	$4.3M	$1.8M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0229%	1h	4,304.1	−0.105%	$572K	$138K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0260%	8h	4,305.9	−0.063%	$174.2M	$307.7M	100x	as long as short
BloFin XAU-USDT	+0.0369%	4h	4,306.5	−0.050%	$16.6M	$5.0M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0464% / S −0.0311%	1h	4,306.5	−0.048%	$253K	—	111x	as long as short
Phemex XAUUSDT	+0.0497%	4h	4,311.4	+0.064%	$2.2M	$951K	100x	as long as short
HTX XAU-USDT	+0.0545%	4h	4,312.6	+0.093%	$3.2M	$6.1M	75x	as long as short
RISEx XAU/USDCshort	+0.0643%	1h	4,306.6	−0.047%	$4.5M	$13.1M	25x