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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRnext payment $0.00 per $10,000 · paid last 24h +0.002%
Price spread now: Phoenix against ApeX Omni−0.015%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+0.019%+$2 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni XAUUSDT4,324.50.0100pay 0.0013% / 1h34m 55s$272K$208K50x
ShortPhoenix GOLD4,323.80.0096get 0.0012% / 1h34m 55s$47K$79K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix 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

Funding earned
−$0.77
Price spread: −0.015% → 0.000%
−$1.55
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$19.32
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: ApeX Omni: 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 ApeX Omni live order book, 2 min ago5.20 bp18.0 bp −$1828.2 bp −$282doesn't fitdoesn't fit
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 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−0.0111%1h4,319.9−0.106%$25K$1K20xas long as short
Hotstuff GOLD-PERP−0.0096%1h4,322.2−0.052%$32K25xas long as short
SunX XAU-USDT0.0000%4h4,330.3+0.136%$92K$7.3M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,321.5−0.069%$270K250xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.600%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,328.4+0.091%$3.8M$4.5M40xas long as short
QFEX GOLD-USD+0.0045%1h4,324.6+0.003%$5.4M$2.0M20xas long as short
Vest GC-PERP+0.0046%1h4,358.3+0.782%$1.0M25xas long as short
Bybit XAUUSDT+0.0047%4h4,328+0.082%$77.6M$153.2M150xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,323−0.034%$291.8M$51.5M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps XAU-USD.P+0.0050%1h4,321.4−0.071%$15.0M$55.6M25xas long as short
Aster XAUUSD1+0.0056%4h4,327.6+0.072%$72.9M$272.0M20xas long as short
Lighter XAU+0.0064%1h4,324.8+0.007%$20.4M$29.1M25xas long as short
Paradex XAU-USD-PERP+0.0066%8h4,324.9+0.010%$2K$14K5xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,322.9−0.036%$2.1M$4.8M25xas long as short
Variational Omni XAU+0.0089%4h4,324.9+0.010%$47.2M$29.3Mas long as short
Kalshi KXGOLDPERP+0.0092%24h4,327.3+0.065%$3.8M$44.6M15xas long as short
Phoenix GOLDshort+0.0096%1h4,323.8−0.015%$47K$79K25x
MEXC XAU_USDT+0.0098%4h4,326.9+0.056%$364.0M$327.2M1000xas long as short
GRVT XAU_USDT_Perp+0.0098%4h4,326.6+0.049%$1.4M$3.1M25xas long as short
Binance XAUUSDT+0.0099%4h4,326.9+0.056%$425.3M$2.13B100xas long as short
Pacifica XAU+0.0100%1h4,322−0.057%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDTlong+0.0100%1h4,324.5long leg$272K$208K50x
Aevo XAU-PERP+0.0104%1h4,324.9+0.010%$160K$8710xas long as short
Gate XAU_USDT+0.0106%4h4,328+0.083%$284.7M$415.4M100xas long as short
edgeX XAUUSDC+0.0117%4h4,323.1−0.032%$30.1M$59.6M50xas long as short
Lighter RH XAU+0.0120%1h4,327.9+0.078%$20.0M$39.1M25xas long as short
Extended XAU-USD+0.0128%1h4,322.6−0.042%$13.2M$36.8M25xas long as short
Bitget XAUUSDT+0.0194%4h4,326.6+0.048%$70.2M$118.6M100xas long as short
Bullet GOLD-USD+0.0204%1h4,326+0.036%$58K$81K10xas long as short
Polymarket Perps GOLD-USD+0.0218%1h4,325.7+0.028%$4.3M$1.9M20xas long as short
Kraken Futures PF_XAUUSD+0.0228%1h4,323−0.034%$578K$135K25xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0236%1h4,324.2−0.006%$163K$870K25xas long as short
OKX XAU-USDT-SWAP+0.0277%8h4,326.7+0.052%$173.8M$299.5M100xas long as short
BloFin XAU-USDT+0.0339%4h4,325.8+0.030%$16.4M$4.6M100xas long as short
Phemex XAUUSDT+0.0362%4h4,328.9+0.103%$2.2M$975K100xas long as short
HTX XAU-USDT+0.0411%4h4,331.9+0.171%$3.2M$5.9M75xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0463% / S −0.0307%1h4,326+0.036%$253K111xas long as short
RISEx XAU/USDC+0.0643%1h4,325.7+0.028%$4.6M$13.3M25xas long as short