Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0006%/8h= +0.7% APRpaid last 24h −0.017%

Price spread now: Gate against ApeX Omni+0.107%96s7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$460.462% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.150%−$15 on $10k

Price spread, last 4 days (all we have)−0.016%−$2 · spread now +0.107%, 7d avg +0.070%

Together, before fees−0.166%−$17 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: Gate is 0.037% dearer against ApeX Omni than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.070%. The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XAUUSDT	4,319.9	0.0100	pay 0.0013% / 1h	25m 58s	$272K	$208K	50x
Short	Gate XAU_USDT	4,324.6	0.0106	get 0.0053% / 4h	1h 25m	$281.0M	$418.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against ApeX Omni. 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 ApeX OmnibpFee GatebpOrdersPrice spread, now +0.107%Rate

Funding earned: $1.26
Price spread: +0.107% → +0.070%: $3.71
Slippage, 4 orders: −$21.18
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$41.21
Costs to cover: 0.462%
Break-even: 235.9 days

Slippage from ApeX Omni: live order book, 16 min ago; Gate: live order book, 3 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 ApeX Omni live order book, 16 min ago	4.45 bp	13.8 bp −$14	26.9 bp −$269	36.7 bp −$3,665	doesn't fit
Sell Gate live order book, 3 min ago	0.01 bp	7.5 bp −$8	8.7 bp −$87	12.8 bp −$1,284	14.4 bp −$7,185

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
Bluefin GOLD-PERP	−0.0089%	1h	4,317.2	−0.063%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,326.7	+0.157%	$92K	$7.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,318.9	−0.025%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0009%	4h	4,323.4	+0.080%	$77.3M	$154.9M	150x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.706%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,323.4	+0.080%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,322	+0.048%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,356	+0.835%	—	$1.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0048%	1h	4,319.4	−0.013%	$32K	—	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,319.4	−0.013%	$291.5M	$51.5M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,319.7	−0.006%	$15.0M	$55.5M	25x	as long as short
Lighter XAU	+0.0064%	1h	4,322.2	+0.052%	$20.3M	$30.5M	25x	as long as short
Aster XAUUSD1	+0.0066%	4h	4,324.4	+0.103%	$72.5M	$277.4M	20x	as long as short
Extended XAU-USD	+0.0072%	1h	4,318.6	−0.030%	$12.9M	$36.9M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,319.5	−0.010%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0075%	8h	4,323.1	+0.072%	$2K	$13K	5x	as long as short
Kalshi KXGOLDPERP	+0.0077%	24h	4,324.4	+0.103%	$3.8M	$43.7M	15x	as long as short
GRVT XAU_USDT_Perp	+0.0080%	4h	4,323	+0.072%	$1.4M	$3.0M	25x	as long as short
Variational Omni XAU	+0.0090%	4h	4,322.5	+0.060%	$47.4M	$28.8M	—	as long as short
MEXC XAU_USDT	+0.0096%	4h	4,322.6	+0.060%	$362.0M	$330.9M	1000x	as long as short
Binance XAUUSDT	+0.0096%	4h	4,322.6	+0.061%	$417.2M	$2.13B	100x	as long as short
Phoenix GOLD	+0.0100%	1h	4,319.8	−0.003%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,320	+0.001%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDTlong	+0.0100%	1h	4,319.9	long leg	$272K	$208K	50x
Aevo XAU-PERP	+0.0104%	1h	4,322.6	+0.063%	$160K	$87	10x	as long as short
Gate XAU_USDTshort	+0.0106%	4h	4,324.6	+0.107%	$281.0M	$418.2M	100x
edgeX XAUUSDC	+0.0111%	4h	4,318.4	−0.036%	$30.0M	$59.4M	50x	as long as short
Lighter RH XAU	+0.0112%	1h	4,325.1	+0.119%	$19.8M	$38.9M	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0153%	1h	4,320.1	+0.004%	$584K	$135K	25x	as long as short
Bullet GOLD-USD	+0.0177%	1h	4,323.1	+0.073%	$59K	$82K	10x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,325.4	+0.127%	$4.2M	$12.9M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0209%	1h	4,323.4	+0.080%	$4.3M	$1.9M	20x	as long as short
Bitget XAUUSDT	+0.0222%	4h	4,322.4	+0.058%	$67.7M	$118.1M	100x	as long as short
HTX XAU-USDT	+0.0251%	4h	4,328.3	+0.194%	$2.8M	$4.9M	75x	as long as short
OKX XAU-USDT-SWAP	+0.0305%	8h	4,323.2	+0.075%	$171.7M	$298.2M	100x	as long as short
Phemex XAUUSDT	+0.0325%	4h	4,324.6	+0.108%	$2.2M	$967K	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0329%	1h	4,321.8	+0.043%	$191K	$836K	25x	as long as short
BloFin XAU-USDT	+0.0336%	4h	4,323	+0.071%	$16.1M	$4.6M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,323.5	+0.082%	$252K	—	111x	as long as short