Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.002%

Price spread now: StandX against Gate−0.012%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$290.294% of the position

Long on Gate Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 7 days−0.026%−$3 · spread now −0.012%, 7d avg −0.014%

Together, before fees+0.027%+ Points / potential airdropStandX: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAU_USDT	4,348.9	0	get 0.0000% / 4h	1h 46m	$264.6M	$407.2M	100x
Short	StandX XAU-USD	4,348.4	0.0040	get 0.0005% / 1h	46m 45s	$3.8M	$4.6M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.012%Rate

Funding earned: $8.4
Price spread: −0.012% → −0.014%: $0.2
Slippage, 4 orders: −$6.41
Fee Gate: 7.5 bp × 2 orders: −$15
Fee StandX: 4 bp × 2 orders: −$8
Net: −$20.81
Costs to cover: 0.294%
Break-even: 24.3 days

Slippage from Gate: live order book, 2 min ago; StandX: live order book, 2 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, 2 min ago	0.01 bp	7.5 bp −$8	8.3 bp −$83	12.4 bp −$1,238	14.2 bp −$7,106
Sell StandX live order book, 2 min ago	2.76 bp	7.4 bp −$7	7.7 bp −$77	9.7 bp −$971	11.1 bp −$5,542

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	−0.0016%	1h	4,344.8	−0.095%	$33K	—	25x	as long as short
Bluefin GOLD-PERP	−0.0007%	1h	4,342.2	−0.155%	$25K	$14K	20x	as long as short
Gate XAU_USDTlong	0.0000%	4h	4,348.9	long leg	$264.6M	$407.2M	100x
SunX XAU-USDT	0.0000%	4h	4,352.1	+0.072%	$92K	$9.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,343.3	−0.129%	$266K	—	250x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,347.5	−0.032%	$3.4M	$12.4M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,342.9	−0.138%	$13.6M	$39.9M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.035%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0037%	24h	4,345.1	−0.088%	$4.2M	$36.4M	15x	as long as short
StandX XAU-USDshort	+0.0040%	1h	4,348.4	−0.012%	$3.8M	$4.6M	40x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,380.6	+0.729%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,347.2	−0.039%	$5.6M	$1.9M	20x	as long as short
Aster XAUUSD1	+0.0047%	4h	4,348.2	−0.015%	$70.0M	$331.4M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,343.1	−0.134%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,344.5	−0.101%	$293.3M	$48.8M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,343.9	−0.116%	$15.1M	$57.7M	25x	as long as short
Lighter XAU	+0.0056%	1h	4,345.8	−0.073%	$20.6M	$41.9M	25x	as long as short
Lighter RH XAU	+0.0080%	1h	4,348.4	−0.011%	$20.1M	$39.4M	25x	as long as short
Paradex XAU-USD-PERP	+0.0085%	8h	4,347	−0.043%	$19K	$5K	5x	as long as short
Binance XAUUSDT	+0.0098%	4h	4,347.2	−0.039%	$411.2M	$2.10B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,344.1	−0.111%	$1.4M	$1.2M	10x	as long as short
MEXC XAU_USDT	+0.0100%	4h	4,347.1	−0.042%	$371.2M	$316.6M	1000x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,344	−0.113%	$274K	$203K	50x	as long as short
Variational Omni XAU	+0.0102%	4h	4,347.9	−0.024%	$48.3M	$27.9M	—	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,347.2	−0.038%	$161K	$87	10x	as long as short
Polymarket Perps GOLD-USD	+0.0117%	1h	4,347.1	−0.042%	$4.3M	$1.9M	20x	as long as short
GRVT XAU_USDT_Perp	+0.0118%	4h	4,349.4	+0.012%	$1.4M	$3.0M	25x	as long as short
edgeX XAUUSDC	+0.0126%	4h	4,342.6	−0.146%	$30.2M	$58.9M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,347.8	−0.026%	$47K	$77K	25x	as long as short
Bybit XAUUSDT	+0.0201%	4h	4,348.4	−0.011%	$84.4M	$145.1M	150x	as long as short
Bullet GOLD-USD	+0.0207%	1h	4,348	−0.021%	$58K	$83K	10x	as long as short
Bitget XAUUSDT	+0.0210%	4h	4,347.7	−0.029%	$69.6M	$109.3M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0233%	1h	4,345.8	−0.072%	$259K	$704K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0249%	8h	4,347.9	−0.023%	$164.4M	$282.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0270%	1h	4,344.5	−0.102%	$593K	$133K	25x	as long as short
Phemex XAUUSDT	+0.0352%	4h	4,351	+0.047%	$2.2M	$1.1M	100x	as long as short
BloFin XAU-USDT	+0.0366%	4h	4,347.8	−0.026%	—	$4.7M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0399% / S −0.0208%	1h	4,347.8	−0.026%	$251K	—	111x	as long as short
HTX XAU-USDT	+0.0580%	4h	4,353.1	+0.096%	$2.8M	$4.2M	75x	as long as short