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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0058%/8h= −6.4% APRnext payment $0.07 per $10,000 · paid last 24h −0.004%
Price spread now: RISEx against Aevo+0.037%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$400.400% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.015%−$2 on $10k
Price spread, last 4 days (all we have)−0.053%−$5 · spread now +0.037%, 7d avg +0.027%
Together, before fees−0.069%−$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.027%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo XAU-PERP4,333.80.0112pay 0.0014% / 1h9m 36s$160K$8710x
ShortRISEx XAU/USDC4,335.50.0054get 0.0007% / 1h9m 36s$3.8M$12.5M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx against Aevo. 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
−$12.18
Price spread: +0.037% → +0.027%
$1.07
Slippage, 4 orders
−$18.04
Fee Aevo: 8 bp × 2 orders
−$16
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$51.16
Costs to cover
0.400%
Break-even
never at this rate
Slippage from Aevo: live order book, 39 min ago; RISEx: live order book, 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 Aevo live order book, 39 min ago5.21 bp14.9 bp −$1529.2 bp −$292doesn't fitdoesn't fit
Sell RISEx live order book, 5 min ago1.34 bp4.3 bp −$44.6 bp −$4659.0 bp −$5,905doesn'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
Bluefin GOLD-PERP−0.0049%1h4,326.7−0.165%$25K$14K20xas long as short
SunX XAU-USDT0.0000%4h4,337.6+0.088%$92K$8.1M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,329.9−0.092%$271K250xas long as short
Bybit XAUUSDT+0.0006%4h4,335.3+0.033%$78.4M$156.7M150xas long as short
Extended XAU-USD+0.0032%1h4,330.2−0.085%$13.1M$36.8M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.382%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,333.7−0.003%$3.8M$4.5M40xas long as short
QFEX GOLD-USD+0.0044%1h4,332.7−0.026%$5.5M$2.1M20xas long as short
Vest GC-PERP+0.0046%1h4,367+0.765%$1.0M25xas long as short
Lighter XAU+0.0048%1h4,332.8−0.025%$20.4M$31.8M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:GOLD+0.0050%1h4,330.3−0.082%$292.0M$51.5M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,330.4−0.079%$15.0M$56.5M25xas long as short
RISEx XAU/USDCshort+0.0054%1h4,335.5+0.037%$3.8M$12.5M25x
Kalshi KXGOLDPERP+0.0063%24h4,334.7+0.020%$4.0M$42.2M15xas long as short
Gate XAU_USDT+0.0064%4h4,334.9+0.025%$272.0M$416.9M100xas long as short
Lighter RH XAU+0.0072%1h4,335.3+0.033%$19.9M$39.0M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,330.9−0.068%$2.0M$4.8M25xas long as short
Paradex XAU-USD-PERP+0.0072%8h4,334.2+0.008%$19K$5K5xas long as short
Aster XAUUSD1+0.0097%4h4,334.9+0.025%$72.3M$330.2M20xas long as short
Pacifica XAU+0.0100%1h4,330.5−0.077%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,330−0.088%$273K$208K50xas long as short
Variational Omni XAU+0.0101%4h4,331.5−0.055%$46.8M$28.6Mas long as short
Hotstuff GOLD-PERP+0.0104%1h4,331.4−0.056%$32K25xas long as short
GRVT XAU_USDT_Perp+0.0104%4h4,333.5−0.009%$1.4M$3.0M25xas long as short
MEXC XAU_USDT+0.0110%4h4,333.8−0.001%$363.9M$330.8M1000xas long as short
Binance XAUUSDT+0.0111%4h4,334.3+0.012%$414.8M$2.12B100xas long as short
Aevo XAU-PERPlong+0.0112%1h4,333.8long leg$160K$8710x
edgeX XAUUSDC+0.0126%4h4,327.8−0.140%$30.1M$60.3M50xas long as short
Phoenix GOLD+0.0127%1h4,326.6−0.167%$47K$77K25xas long as short
Bullet GOLD-USD+0.0160%1h4,333.7−0.003%$58K$82K10xas long as short
Polymarket Perps GOLD-USD+0.0177%1h4,334.4+0.013%$4.2M$2.0M20xas long as short
HTX XAU-USDT+0.0232%4h4,336.7+0.066%$2.8M$5.0M75xas long as short
Kraken Futures PF_XAUUSD+0.0247%1h4,331.5−0.055%$590K$130K25xas long as short
Bitget XAUUSDT+0.0254%4h4,334.3+0.010%$68.1M$118.9M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0258%1h4,334.2+0.008%$195K$826K25xas long as short
OKX XAU-USDT-SWAP+0.0331%8h4,334.5+0.015%$170.5M$297.5M100xas long as short
BloFin XAU-USDT+0.0359%4h4,333.3−0.012%$16.0M$4.5M100xas long as short
Phemex XAUUSDT+0.0387%4h4,335.2+0.032%$2.2M$962K100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0460% / S −0.0302%1h4,334+0.004%$253K111xas long as short