Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0013%/8h= +1.4% APRpaid last 24h −0.013%

Price spread now: ApeX Omni against Binance−0.177%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$460.457% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$2 on $10k

Price spread, last 2 days (all we have)+0.146%+$15 · spread now −0.177%, 7d avg −0.041%

Together, before fees+0.171%+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.136% cheaper against Binance than usual: you would sell low and buy high (spread −0.177% now, against its 7-day average of −0.041%). If the spread goes back, that is −$14 on $10k: about 36 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XAUUSDT	4,360.3	0.0087	pay 0.0044% / 4h	2h 35m	$409.8M	$2.10B	100x
Short	ApeX Omni XAUUSDT	4,352.6	0.0100	get 0.0013% / 1h	35m 26s	$275K	$204K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now −0.177%Rate

Funding earned: $2.66
Price spread: −0.177% → −0.041%: −$13.62
Slippage, 4 orders: −$25.67
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$56.63
Costs to cover: 0.457%
Break-even: 156.1 days

Slippage from Binance: live order book, 9 min ago; ApeX Omni: live order book, 32 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 Binance live order book, 9 min ago	0.01 bp	5.0 bp −$5	5.1 bp −$51	7.5 bp −$747	doesn't fit
Sell ApeX Omni live order book, 32 min ago	4.15 bp	19.9 bp −$20	33.3 bp −$333	42.9 bp −$4,290	doesn't fit

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
Hotstuff GOLD-PERP	0.0000%	1h	4,356.8	−0.081%	$33K	—	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,361.9	+0.037%	$263.2M	$408.5M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,354.2	−0.140%	$4.1M	$36.6M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,361.3	+0.022%	$93K	$9.7M	20x	as long as short
Aster XAUUSD1	+0.0001%	4h	4,361	+0.016%	$70.2M	$292.9M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,356.8	−0.080%	$270K	—	250x	as long as short
Extended XAU-USD	+0.0032%	1h	4,356.2	−0.093%	$13.6M	$43.0M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.227%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,358.4	−0.044%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,393	+0.750%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XAU	+0.0048%	1h	4,359.3	−0.023%	$20.7M	$43.5M	25x	as long as short
Lighter RH XAU	+0.0048%	1h	4,361.2	+0.020%	$20.1M	$40.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,357.1	−0.074%	$294.2M	$48.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,357.4	−0.066%	$14.9M	$57.9M	25x	as long as short
QFEX GOLD-USD	+0.0051%	1h	4,358.5	−0.042%	$5.6M	$1.9M	20x	as long as short
Polymarket Perps GOLD-USD	+0.0060%	1h	4,359	−0.030%	$4.3M	$1.9M	20x	as long as short
Variational Omni XAU	+0.0069%	4h	4,356.5	−0.087%	$48.3M	$28.4M	—	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,354.6	−0.131%	$2.0M	$5.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0083%	8h	4,359.8	−0.012%	$19K	$5K	5x	as long as short
edgeX XAUUSDC	+0.0084%	4h	4,350.2	−0.232%	$30.3M	$60.6M	50x	as long as short
MEXC XAU_USDT	+0.0086%	4h	4,360	−0.007%	$374.0M	$322.4M	1000x	as long as short
Binance XAUUSDTlong	+0.0087%	4h	4,360.3	long leg	$409.8M	$2.10B	100x
Pacifica XAU	+0.0100%	1h	4,356.2	−0.093%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDTshort	+0.0100%	1h	4,352.6	−0.177%	$275K	$204K	50x
Bluefin GOLD-PERP	+0.0100%	1h	4,400.4	+0.919%	$26K	$14K	20x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,359.5	−0.018%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0121%	1h	4,355.1	−0.120%	$48K	$64K	25x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,360.3	−0.001%	$3.4M	$12.4M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0136%	4h	4,357.5	−0.065%	$1.4M	$2.9M	25x	as long as short
Bitget XAUUSDT	+0.0154%	4h	4,360.7	+0.008%	$69.3M	$109.8M	100x	as long as short
Bullet GOLD-USD	+0.0156%	1h	4,360	−0.007%	$59K	$83K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0186%	1h	4,356.3	−0.092%	$234K	$661K	25x	as long as short
Bybit XAUUSDT	+0.0193%	4h	4,361.1	+0.019%	$84.2M	$143.7M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0227%	8h	4,361.9	+0.036%	$165.1M	$284.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,354.9	−0.125%	$594K	$141K	25x	as long as short
BloFin XAU-USDT	+0.0286%	4h	4,364.8	+0.103%	$15.5M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0381%	4h	4,361.1	+0.018%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0394% / S −0.0199%	1h	4,360.4	+0.003%	$253K	—	111x	as long as short
HTX XAU-USDT	+0.0523%	4h	4,362.7	+0.054%	$2.9M	$3.9M	75x	as long as short