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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0048%/8h= +5.3% APRnext payment +$0.06 per $10,000 · paid last 24h −0.022%
Price spread now: Coinbase International against RISEx−0.093%7-day average −0.112% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$190.188% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.395%+$40 on $10k
Price spread, last 3 days (all we have)+0.008%+$1 · spread now −0.093%, 7d avg −0.112%
Together, before fees+0.403%+$40 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.112%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx XAU/USDC4,362.50.0048pay 0.0006% / 1h59m 50s$3.4M$12.4M25x
ShortCoinbase International GOLD-PERP-INTX4,358.50.0096get 0.0012% / 1h59m 50s$2.0M$5.0M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against RISEx. 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
$10.14
Price spread: −0.093% → −0.112%
$1.94
Slippage, 4 orders
−$2.82
Fee RISEx: 3 bp × 2 orders
−$6
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$6.74
Costs to cover
0.188%
Break-even
11.6 days
Slippage from RISEx: live order book, 4 min ago; Coinbase International: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy RISEx live order book, 4 min ago0.01 bp3.5 bp −$44.1 bp −$4130.7 bp −$3,075doesn't fit
Sell Coinbase International live order book, 4 min ago1.03 bp6.2 bp −$67.1 bp −$71doesn't fitdoesn't fit

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
Aster XAUUSD10.0000%4h4,364.1+0.035%$69.9M$239.2M20xas long as short
Gate XAU_USDT0.0000%4h4,364.4+0.043%$265.3M$423.5M100xas long as short
Kalshi KXGOLDPERP0.0000%24h4,359.7−0.065%$4.0M$36.7M15xas long as short
SunX XAU-USDT0.0000%4h4,367.3+0.108%$93K$10.0M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,358.4−0.096%$269K250xas long as short
Extended XAU-USD+0.0032%1h4,358.7−0.088%$13.5M$43.5M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.278%$619$5452xas long as short
Variational Omni XAU+0.0040%4h4,362−0.013%$48.4M$28.5Mas long as short
StandX XAU-USD+0.0040%1h4,363.9+0.031%$3.8M$4.7M40xas long as short
QFEX GOLD-USD+0.0045%1h4,362.9+0.008%$5.6M$1.9M20xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest GC-PERP+0.0046%1h4,395.9+0.765%$1.0M25xas long as short
RISEx XAU/USDClong+0.0048%1h4,362.5long leg$3.4M$12.4M25x
tradeXYZ xyz:GOLD+0.0050%1h4,358.8−0.086%$294.2M$51.8M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,358.5−0.092%$14.8M$57.2M25xas long as short
Phoenix GOLD+0.0055%1h4,359.6−0.067%$48K$64K25xas long as short
MEXC XAU_USDT+0.0056%4h4,362.9+0.009%$372.8M$331.7M1000xas long as short
Binance XAUUSDT+0.0059%4h4,363.8+0.028%$411.7M$2.14B100xas long as short
edgeX XAUUSDC+0.0063%4h4,356.5−0.137%$30.3M$60.4M50xas long as short
Lighter XAU+0.0072%1h4,361.4−0.027%$20.6M$44.6M25xas long as short
Paradex XAU-USD-PERP+0.0088%8h4,362.9+0.007%$19K$5K5xas long as short
Lighter RH XAU+0.0096%1h4,364+0.034%$20.2M$41.5M25xas long as short
Aevo XAU-PERP+0.0096%1h4,361.7−0.019%$162K$8710xas long as short
Coinbase International GOLD-PERP-INTXshort+0.0096%1h4,358.5−0.093%$2.0M$5.0M25x
Pacifica XAU+0.0100%1h4,360−0.058%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,359.2−0.078%$275K$204K50xas long as short
Bluefin GOLD-PERP+0.0100%1h4,355.2−0.169%$26K$22K20xas long as short
Bitget XAUUSDT+0.0110%4h4,364.3+0.040%$69.7M$112.2M100xas long as short
Polymarket Perps GOLD-USD+0.0116%1h4,361.5−0.024%$4.3M$1.8M20xas long as short
Hotstuff GOLD-PERP+0.0128%1h4,358.3−0.097%$33K25xas long as short
GRVT XAU_USDT_Perp+0.0142%4h4,362.6+0.002%$1.4M$3.1M25xas long as short
Bybit XAUUSDT+0.0197%4h4,364.4+0.043%$83.7M$144.8M150xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0209%1h4,360.6−0.044%$235K$658K25xas long as short
Bullet GOLD-USD+0.0214%1h4,362.9+0.008%$59K$82K10xas long as short
OKX XAU-USDT-SWAP+0.0216%8h4,364.8+0.052%$164.3M$287.6M100xas long as short
BloFin XAU-USDT+0.0225%4h4,362.7+0.005%$15.4M$4.6M100xas long as short
Kraken Futures PF_XAUUSD+0.0225%1h4,359.7−0.065%$595K$141K25xas long as short
Phemex XAUUSDT+0.0323%4h4,365.5+0.068%$2.2M$1.1M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0394% / S −0.0199%1h4,362.9+0.009%$254K111xas long as short
HTX XAU-USDT+0.0559%4h4,367.1+0.105%$2.9M$3.9M75xas long as short