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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0007%/8h= −0.8% APRnext payment $0.01 per $10,000 · paid last 24h −0.041%
Price spread now: gTrade (Gains Network) against RISEx−0.064%47s7-day average −0.092% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2742.745% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.066%−$7 on $10k
Price spread, last 4 days (all we have)+0.048%+$5 · spread now −0.064%, 7d avg −0.092%
Together, before fees−0.018%−$2 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: gTrade (Gains Network) is 0.027% dearer against RISEx than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.092%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx XAU/USDC4,357.40.0010pay 0.0001% / 1h23m 39s$3.4M$12.4M25x
ShortgTrade (Gains Network) XAU/USD4,354.6L +0.0002% / S −0.0003%get 0.0000% / 1h23m 39s$267K250x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
−$1.52
Price spread: −0.064% → −0.092%
$2.72
Slippage, 4 orders
−$261.49
Fee RISEx: 3 bp × 2 orders
−$6
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Net
−$273.28
Costs to cover
2.745%
Break-even
never at this rate
Slippage from RISEx: live order book, 6 min ago; gTrade (Gains Network): virtual book (oracle venue), 5 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, 6 min ago0.01 bp4.5 bp −$45.7 bp −$57doesn't fitdoesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 5 min ago130.01 bp133.5 bp −$134243.0 bp −$2,4301975.4 bp −$197.5Kdoesn'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
SunX XAU-USDT0.0000%4h4,363.2+0.133%$93K$9.2M20xas long as short
gTrade (Gains Network) XAU/USDshortL +0.0002% / S −0.0003%1h4,354.6−0.064%$267K250x
Gate XAU_USDT+0.0006%4h4,359+0.038%$264.7M$413.1M100xas long as short
RISEx XAU/USDClong+0.0010%1h4,357.4long leg$3.4M$12.4M25x
Extended XAU-USD+0.0032%1h4,354−0.078%$13.6M$38.8M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.159%$619$5452xas long as short
Kalshi KXGOLDPERP+0.0039%24h4,356.4−0.022%$4.1M$37.0M15xas long as short
StandX XAU-USD+0.0040%1h4,358.9+0.035%$3.8M$4.6M40xas long as short
Aster XAUUSD1+0.0043%4h4,358.4+0.023%$70.6M$334.0M20xas long as short
Vest GC-PERP+0.0046%1h4,392.1+0.797%$1.0M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX GOLD-USD+0.0046%1h4,357.2−0.004%$5.6M$1.9M20xas long as short
Coinbase International GOLD-PERP-INTX+0.0048%1h4,355.7−0.038%$2.0M$4.9M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,354.3−0.070%$294.2M$48.7M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,353.8−0.083%$15.1M$57.2M25xas long as short
GRVT XAU_USDT_Perp+0.0054%4h4,357.1−0.006%$1.4M$3.0M25xas long as short
Lighter XAU+0.0056%1h4,356.8−0.013%$20.7M$42.3M25xas long as short
Variational Omni XAU+0.0057%4h4,355.6−0.040%$48.3M$27.9Mas long as short
Lighter RH XAU+0.0064%1h4,359+0.038%$20.2M$39.7M25xas long as short
MEXC XAU_USDT+0.0072%4h4,357.9+0.011%$372.1M$319.0M1000xas long as short
Binance XAUUSDT+0.0073%4h4,357.6+0.005%$412.0M$2.10B100xas long as short
Paradex XAU-USD-PERP+0.0080%8h4,357.8+0.010%$19K$5K5xas long as short
edgeX XAUUSDC+0.0093%4h4,349.4−0.183%$30.3M$58.3M50xas long as short
Aevo XAU-PERP+0.0096%1h4,357.8+0.009%$161K$8710xas long as short
Pacifica XAU+0.0100%1h4,354.4−0.068%$1.4M$1.1M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,353.9−0.079%$275K$203K50xas long as short
Phemex XAUUSDT+0.0119%4h4,357.8+0.009%$2.2M$1.1M100xas long as short
Hotstuff GOLD-PERP+0.0120%1h4,355.2−0.050%$33K25xas long as short
Polymarket Perps GOLD-USD+0.0124%1h4,357.8+0.010%$4.3M$1.9M20xas long as short
Phoenix GOLD+0.0136%1h4,350.3−0.162%$47K$77K25xas long as short
Bybit XAUUSDT+0.0199%4h4,359.1+0.041%$84.5M$145.4M150xas long as short
Bullet GOLD-USD+0.0200%1h4,358.4+0.024%$60K$83K10xas long as short
Bitget XAUUSDT+0.0212%4h4,357.8+0.010%$70.2M$109.4M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0232%1h4,356.9−0.011%$278K$727K25xas long as short
OKX XAU-USDT-SWAP+0.0253%8h4,359.1+0.040%$165.2M$282.8M100xas long as short
Kraken Futures PF_XAUUSD+0.0269%1h4,355.5−0.043%$594K$133K25xas long as short
BloFin XAU-USDT+0.0296%4h4,356.2−0.027%$15.5M$4.6M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0401% / S −0.0213%1h4,358.4+0.024%$249K111xas long as short
Bluefin GOLD-PERP+0.0463%1h4,351.3−0.140%$25K$14K20xas long as short
HTX XAU-USDT+0.0566%4h4,364.4+0.161%$2.9M$4.2M75xas long as short