Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0026%/8h= +2.8% APRpaid last 24h +0.027%

Price spread now: MEXC against tradeXYZ+0.066%7-day average +0.088% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$220.223% of the position

Long on tradeXYZ Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 7 days−0.024%−$2 · spread now +0.066%, 7d avg +0.088%

Together, before fees−0.005%+ Points / potential airdroptradeXYZ: Active · farm board$0 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.022% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.066% now, against its 7-day average of +0.088%). If the spread goes back, that is −$2 on $10k: about 2.8 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.019% in total) that is about 7.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:GOLD	4,345.2	0.0050	pay 0.0006% / 1h	59m 05s	$293.9M	$48.9M	25x
Short	MEXC XAU_USDT	4,348.1	0.0076	get 0.0038% / 4h	59m 05s	$371.1M	$314.3M	1000x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against tradeXYZ. 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 tradeXYZbpFee MEXCbpOrdersPrice spread, now +0.066%Rate

Funding earned: $5.46
Price spread: +0.066% → +0.088%: −$2.17
Slippage, 4 orders: −$0.3
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$19.02
Costs to cover: 0.223%
Break-even: 31.4 days

Slippage from tradeXYZ: live order book, 11 min ago; MEXC: live order book, 5 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 tradeXYZ live order book, 11 min ago	0.12 bp	9.1 bp −$9	9.6 bp −$96	11.2 bp −$1,124	doesn't fit
Sell MEXC live order book, 5 min ago	0.04 bp	2.0 bp −$2	2.0 bp −$20	2.3 bp −$227	22.2 bp −$11.1K

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
RISEx XAU/USDC	0.0000%	1h	4,348.7	+0.081%	$3.4M	$12.2M	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,352.3	+0.164%	$92K	$9.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,343.9	−0.029%	$266K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0008%	1h	4,345.6	+0.009%	$33K	—	25x	as long as short
Gate XAU_USDT	+0.0008%	4h	4,350.2	+0.114%	$265.2M	$406.8M	100x	as long as short
Extended XAU-USD	+0.0032%	1h	4,343.9	−0.029%	$13.4M	$38.6M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.120%	$619	$54	52x	as long as short
Bluefin GOLD-PERP	+0.0033%	1h	4,342.4	−0.066%	$25K	$14K	20x	as long as short
Lighter XAU	+0.0040%	1h	4,346.8	+0.038%	$20.6M	$37.5M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,348.3	+0.071%	$3.8M	$4.6M	40x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXGOLDPERP	+0.0042%	24h	4,346.1	+0.021%	$4.1M	$37.1M	15x	as long as short
Aster XAUUSD1	+0.0044%	4h	4,348.8	+0.084%	$70.9M	$334.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,381.3	+0.831%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,348.3	+0.071%	$5.7M	$2.0M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,344.2	−0.023%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLDlong	+0.0050%	1h	4,345.2	long leg	$293.9M	$48.9M	25x
Ondo Perps XAU-USD.P	+0.0050%	1h	4,345.3	+0.001%	$15.1M	$56.8M	25x	as long as short
Variational Omni XAU	+0.0061%	4h	4,347.3	+0.047%	$48.4M	$27.7M	—	as long as short
Lighter RH XAU	+0.0064%	1h	4,349.1	+0.090%	$20.1M	$39.0M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0064%	4h	4,348.1	+0.067%	$1.4M	$3.0M	25x	as long as short
MEXC XAU_USDTshort	+0.0076%	4h	4,348.1	+0.066%	$371.1M	$314.3M	1000x
Binance XAUUSDT	+0.0079%	4h	4,348.1	+0.067%	$411.2M	$2.10B	100x	as long as short
Paradex XAU-USD-PERP	+0.0080%	8h	4,348.7	+0.079%	$19K	$5K	5x	as long as short
edgeX XAUUSDC	+0.0089%	4h	4,343	−0.050%	$30.2M	$58.7M	50x	as long as short
Pacifica XAU	+0.0100%	1h	4,345.3	+0.002%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,345.7	+0.012%	$275K	$203K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,347.6	+0.055%	$161K	$87	10x	as long as short
Polymarket Perps GOLD-USD	+0.0125%	1h	4,347.6	+0.055%	$4.3M	$1.9M	20x	as long as short
Phoenix GOLD	+0.0136%	1h	4,345.3	+0.002%	$47K	$76K	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0194%	1h	4,345.4	+0.005%	$593K	$133K	25x	as long as short
Phemex XAUUSDT	+0.0194%	4h	4,349.6	+0.102%	$2.2M	$972K	100x	as long as short
Bullet GOLD-USD	+0.0205%	1h	4,348.4	+0.074%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0214%	4h	4,349.5	+0.099%	$84.3M	$145.4M	150x	as long as short
Bitget XAUUSDT	+0.0220%	4h	4,348.4	+0.073%	$70.2M	$109.5M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0266%	8h	4,349.6	+0.101%	$165.6M	$283.0M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0279%	1h	4,346.6	+0.032%	$268K	$768K	25x	as long as short
BloFin XAU-USDT	+0.0314%	4h	4,348.4	+0.074%	$15.7M	$4.6M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0407% / S −0.0222%	1h	4,348.1	+0.067%	$248K	—	111x	as long as short
HTX XAU-USDT	+0.0599%	4h	4,353.5	+0.192%	$2.9M	$4.3M	75x	as long as short