Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h −0.002%

Price spread now: tradeXYZ against Gate−0.102%7-day average −0.117% · 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−$32as in the Price arb table

costs, in and out, $10k−$330.334% of the position

Long on Gate Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.099%+$10 on $10k

Price spread, last 7 days+0.011%+$1 · spread now −0.102%, 7d avg −0.117%

Together, before fees+0.110%+ Points / potential airdroptradeXYZ: Active · farm board+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.117%, 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	4,358.8	0.0004	pay 0.0002% / 4h	1h 21m	$265.1M	$413.6M	100x
Short	tradeXYZ xyz:GOLD	4,354.3	0.0050	get 0.0006% / 1h	21m 18s	$294.2M	$48.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.102%Rate

Funding earned: $9.66
Price spread: −0.102% → −0.117%: $1.44
Slippage, 4 orders: −$0.44
Fee Gate: 7.5 bp × 2 orders: −$15
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$22.34
Costs to cover: 0.334%
Break-even: 23.2 days

Slippage from Gate: live order book, 3 min ago; tradeXYZ: live order book, 8 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	8.7 bp −$87	12.7 bp −$1,272	14.3 bp −$7,156
Sell tradeXYZ live order book, 8 min ago	0.12 bp	9.3 bp −$9	10.1 bp −$101	11.4 bp −$1,138	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	4,361.9	+0.071%	$93K	$9.2M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,353.4	−0.122%	$267K	—	250x	as long as short
Gate XAU_USDTlong	+0.0004%	4h	4,358.8	long leg	$265.1M	$413.6M	100x
RISEx XAU/USDC	+0.0010%	1h	4,357.7	−0.025%	$3.4M	$12.4M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,353.4	−0.122%	$13.6M	$38.8M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.191%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0039%	24h	4,356.8	−0.045%	$4.1M	$37.1M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,358	−0.017%	$3.8M	$4.6M	40x	as long as short
Aster XAUUSD1	+0.0044%	4h	4,358.2	−0.012%	$70.6M	$333.9M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,391	+0.740%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USD	+0.0046%	1h	4,357.2	−0.036%	$5.6M	$1.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,354.8	−0.091%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLDshort	+0.0050%	1h	4,354.3	−0.102%	$294.2M	$48.7M	25x
Ondo Perps XAU-USD.P	+0.0050%	1h	4,354.4	−0.100%	$15.1M	$57.1M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0054%	4h	4,358.9	+0.003%	$1.4M	$3.0M	25x	as long as short
Lighter XAU	+0.0056%	1h	4,357.3	−0.033%	$20.7M	$42.3M	25x	as long as short
Variational Omni XAU	+0.0057%	4h	4,355.6	−0.072%	$48.3M	$27.9M	—	as long as short
Lighter RH XAU	+0.0064%	1h	4,359.5	+0.017%	$20.2M	$39.7M	25x	as long as short
Hotstuff GOLD-PERP	+0.0064%	1h	4,355	−0.086%	$33K	—	25x	as long as short
MEXC XAU_USDT	+0.0072%	4h	4,357.4	−0.031%	$373.3M	$319.3M	1000x	as long as short
Binance XAUUSDT	+0.0073%	4h	4,357.3	−0.034%	$412.0M	$2.10B	100x	as long as short
Paradex XAU-USD-PERP	+0.0079%	8h	4,358.3	−0.011%	$19K	$5K	5x	as long as short
edgeX XAUUSDC	+0.0090%	4h	4,351.8	−0.161%	$30.3M	$58.4M	50x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,356.4	−0.055%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,354.6	−0.095%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,357.1	−0.039%	$275K	$203K	50x	as long as short
Phemex XAUUSDT	+0.0121%	4h	4,358.5	−0.006%	$2.2M	$1.1M	100x	as long as short
Polymarket Perps GOLD-USD	+0.0122%	1h	4,356.6	−0.050%	$4.3M	$1.9M	20x	as long as short
Phoenix GOLD	+0.0136%	1h	4,356.1	−0.061%	$48K	$77K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0186%	1h	4,355.7	−0.070%	$254K	$751K	25x	as long as short
Bullet GOLD-USD	+0.0198%	1h	4,357.5	−0.029%	$60K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0201%	4h	4,358.9	+0.002%	$84.5M	$145.4M	150x	as long as short
Bitget XAUUSDT	+0.0212%	4h	4,357.6	−0.026%	$70.3M	$109.5M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0254%	8h	4,358.7	−0.001%	$165.4M	$283.2M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,354.6	−0.095%	$594K	$133K	25x	as long as short
BloFin XAU-USDT	+0.0292%	4h	4,358.7	−0.003%	$15.6M	$4.6M	100x	as long as short
Bluefin GOLD-PERP	+0.0331%	1h	4,351.3	−0.172%	$25K	$14K	20x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0401% / S −0.0214%	1h	4,357.5	−0.029%	$249K	—	111x	as long as short
HTX XAU-USDT	+0.0567%	4h	4,363.4	+0.106%	$2.9M	$4.2M	75x	as long as short