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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC+0.0087%/8h= +9.6% APRnext payment +$0.11 per $10,000 · paid last 24h +0.015%
Price spread now: Phoenix against StandX−0.005%7-day average · you buy dearer than you sell
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+0.102%+$10 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropStandX: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX XAU-USD4,324.30.0040pay 0.0005% / 1h55m 23s$3.8M$4.5M40x
ShortPhoenix GOLD4,324.10.0127get 0.0016% / 1h55m 23s$43K$71K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix against StandX. 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
$18.33
Price spread: −0.005% → 0.000%
−$0.46
Slippage, 4 orders
no order book: not counted
Fee StandX: 4 bp × 2 orders
−$8
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
$2.87
Costs to cover
0.150%
Break-even
5.9 days
Slippage unknown: StandX: live order book, 2 min ago; Phoenix: no order-book sample. 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 StandX live order book, 2 min ago0.12 bp6.6 bp −$77.0 bp −$707.6 bp −$7649.1 bp −$4,563
Sell Phoenix no order-book sample
Phoenix: 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff GOLD-PERP−0.0096%1h4,321.9−0.056%$35K$3K25xas long as short
Coinbase International GOLD-PERP-INTX−0.0032%1h4,319.5−0.111%$2.1M$5.0M25xas long as short
SunX XAU-USDT0.0000%4h4,327.9+0.083%$92K$5.6M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0002%1h4,318.2−0.142%$307K250xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.604%$619$5452xas long as short
StandX XAU-USDlong+0.0040%1h4,324.3long leg$3.8M$4.5M40x
QFEX GOLD-USD+0.0042%1h4,321.6−0.062%$6.7M$3.3M20xas long as short
Aster XAUUSD1+0.0043%4h4,324.3+0.001%$71.4M$276.6M20xas long as short
Vest GC-PERP+0.0046%1h4,355.9+0.731%$1.0M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,318.9−0.124%$15.2M$59.2M25xas long as short
Show all 39 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex XAU-USD-PERP+0.0055%8h4,322.2−0.049%$2K$13K5xas long as short
RISEx XAU/USDC+0.0062%1h4,323.1−0.028%$4.6M$13.3M25xas long as short
Variational Omni XAU+0.0065%4h4,322.2−0.048%$47.1M$28.0Mas long as short
Gate XAU_USDT+0.0068%4h4,324.7+0.009%$299.1M$431.7M100xas long as short
MEXC XAU_USDT+0.0082%4h4,322.7−0.037%$361.5M$348.2M1000xas long as short
edgeX XAUUSDC+0.0082%4h4,321.6−0.063%$30.2M$66.3M50xas long as short
Binance XAUUSDT+0.0083%4h4,322.8−0.035%$440.7M$2.42B100xas long as short
tradeXYZ xyz:GOLD+0.0086%1h4,320.6−0.086%$291.9M$51.9M25xas long as short
GRVT XAU_USDT_Perp+0.0092%4h4,325.9+0.036%$1.4M$3.1M25xas long as short
Lighter XAU+0.0096%1h4,322.3−0.047%$20.1M$29.9M25xas long as short
Pacifica XAU+0.0100%1h4,320.2−0.095%$1.4M$1.4M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,324.5+0.004%$287K$227K50xas long as short
Bluefin GOLD-PERP+0.0100%1h4,317.9−0.149%$25K$1K20xas long as short
Aevo XAU-PERP+0.0104%1h4,321.7−0.060%$160K$8710xas long as short
Phoenix GOLDshort+0.0127%1h4,324.1−0.005%$43K$71K25x
Lighter RH XAU+0.0144%1h4,324.8+0.011%$19.5M$38.9M25xas long as short
Kalshi KXGOLDPERP+0.0145%24h4,324.6+0.007%$3.5M$51.5M15xas long as short
Bybit XAUUSDT+0.0154%4h4,324.1−0.005%$82.9M$166.9M150xas long as short
Kraken Futures PF_XAUUSD+0.0197%1h4,320.4−0.090%$582K$166K25xas long as short
Extended XAU-USD+0.0200%1h4,318.6−0.133%$12.5M$34.1M25xas long as short
Bitget XAUUSDT+0.0200%4h4,323.3−0.022%$73.0M$140.1M100xas long as short
Phemex XAUUSDT+0.0209%4h4,326.6+0.053%$2.3M$733K100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0213%1h4,321.3−0.069%$135K$659K25xas long as short
Bullet GOLD-USD+0.0219%1h4,322.7−0.037%$59K$77K10xas long as short
OKX XAU-USDT-SWAP+0.0226%8h4,323.2−0.025%$170.8M$361.4M100xas long as short
Polymarket Perps GOLD-USD+0.0228%1h4,322.7−0.037%$4.3M$1.7M20xas long as short
BloFin XAU-USDT+0.0321%4h4,325.5+0.028%$16.5M$5.2M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0425% / S −0.0258%1h4,322.7−0.037%$253K111xas long as short
HTX XAU-USDT+0.1028%4h4,331.5+0.166%$3.2M$7.1M75xas long as short