Settings8H · net · $10k
Funding arb · Price arb /

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0220%/8h= +24.0% APRpaid last 24h +0.048%
Price spread now: Bitget against Ondo Perps+0.076%7-day average +0.139% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.147%+$15 on $10k
Price spread, last 7 days+0.074%+$7 · spread now +0.076%, 7d avg +0.139%
Together, before fees+0.221%+ Points / potential airdropOndo Perps: Active · farm board+$22 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bitget is 0.064% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.076% now, against its 7-day average of +0.139%). If the spread goes back, that is −$6 on $10k: about 23 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.147% in total) that is about 3.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.147% in total (about 7.7% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps XAU-USD.P4,341.60.0050pay 0.0006% / 1h13m 39s$15.0M$56.8M25x
ShortBitget XAUUSDT4,344.90.0270get 0.0135% / 4h3h 13m$71.1M$109.2M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Ondo Perps. 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

Funding earned
$46.12
Price spread: +0.076% → +0.139%
−$6.37
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee Bitget: 6 bp × 2 orders
−$12
Net
$22.75
Costs to cover
0.170%
Break-even
3.5 days
Slippage unknown: Ondo Perps: no order-book sample; Bitget: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Ondo Perps no order-book sample
Sell Bitget live order book, 5 min ago0.01 bp6.6 bp −$77.7 bp −$7710.7 bp −$1,070doesn't fit
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XAU on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX XAU-USDT0.0000%4h4,348.6+0.161%$92K$8.6M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,340.3−0.030%$272K250xas long as short
RISEx XAU/USDC+0.0005%1h4,344.8+0.074%$3.8M$12.5M25xas long as short
Bluefin GOLD-PERP+0.0007%1h4,337.5−0.096%$25K$14K20xas long as short
Extended XAU-USD+0.0032%1h4,340.4−0.028%$13.3M$37.2M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.203%$619$5452xas long as short
Hotstuff GOLD-PERP+0.0040%1h4,340.6−0.023%$33K25xas long as short
StandX XAU-USD+0.0040%1h4,345.1+0.081%$3.8M$4.5M40xas long as short
QFEX GOLD-USD+0.0042%1h4,344+0.055%$5.6M$2.1M20xas long as short
Bybit XAUUSDT+0.0043%4h4,345.4+0.087%$79.9M$152.1M150xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest GC-PERP+0.0046%1h4,376.9+0.813%$1.0M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,341.2−0.009%$293.7M$49.2M25xas long as short
Ondo Perps XAU-USD.Plong+0.0050%1h4,341.6long leg$15.0M$56.8M25x
Kalshi KXGOLDPERP+0.0051%24h4,341.9+0.007%$4.3M$37.4M15xas long as short
Lighter XAU+0.0056%1h4,343.4+0.042%$20.7M$34.7M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0056%1h4,339.3−0.053%$2.1M$4.7M25xas long as short
Paradex XAU-USD-PERP+0.0063%8h4,344.2+0.059%$19K$5K5xas long as short
Gate XAU_USDT+0.0074%4h4,345.7+0.094%$268.3M$418.4M100xas long as short
Lighter RH XAU+0.0080%1h4,345.8+0.097%$20.2M$40.1M25xas long as short
Aster XAUUSD1+0.0095%4h4,346+0.101%$71.5M$331.7M20xas long as short
Pacifica XAU+0.0100%1h4,340.5−0.024%$1.4M$1.1M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,340.8−0.018%$274K$203K50xas long as short
Variational Omni XAU+0.0107%4h4,343.1+0.034%$48.4M$27.5Mas long as short
Aevo XAU-PERP+0.0112%1h4,343.5+0.044%$161K$8710xas long as short
MEXC XAU_USDT+0.0118%4h4,344.5+0.066%$371.6M$320.9M1000xas long as short
Binance XAUUSDT+0.0120%4h4,344.5+0.066%$418.7M$2.09B100xas long as short
Phoenix GOLD+0.0136%1h4,340.9−0.016%$47K$77K25xas long as short
edgeX XAUUSDC+0.0136%4h4,340.1−0.035%$30.2M$58.3M50xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0165%1h4,343+0.032%$205K$825K25xas long as short
GRVT XAU_USDT_Perp+0.0172%4h4,344.3+0.062%$1.4M$2.9M25xas long as short
Phemex XAUUSDT+0.0182%4h4,347+0.125%$2.2M$967K100xas long as short
Polymarket Perps GOLD-USD+0.0208%1h4,344+0.055%$4.3M$2.0M20xas long as short
Bullet GOLD-USD+0.0210%1h4,344.5+0.067%$59K$82K10xas long as short
Kraken Futures PF_XAUUSD+0.0259%1h4,341−0.014%$592K$132K25xas long as short
Bitget XAUUSDTshort+0.0270%4h4,344.9+0.076%$71.1M$109.2M100x
OKX XAU-USDT-SWAP+0.0327%8h4,345.3+0.085%$167.2M$282.6M100xas long as short
BloFin XAU-USDT+0.0359%4h4,344.1+0.057%$15.7M$4.4M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0428% / S −0.0252%1h4,344.4+0.066%$250K111xas long as short
HTX XAU-USDT+0.0488%4h4,346.8+0.120%$2.8M$4.6M75xas long as short