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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0059%/8h= −6.5% APRpaid last 24h −0.020%
Price spread now: Ondo Perps against Binance−0.086%7-day average −0.134% · 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−0.079%−$8 on $10k
Price spread, last 7 days+0.024%+$2 · spread now −0.086%, 7d avg −0.134%
Together, before fees−0.055%+ Points / potential airdropOndo Perps: Active · farm board−$5 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.048% dearer against Binance than usual: you sell high and buy low (spread −0.086% now, against its 7-day average of −0.134%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.7 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance XAUUSDT4,307.40.0110pay 0.0055% / 4h7m 32s$429.0M$2.16B100x
ShortOndo Perps XAU-USD.P4,303.70.0050get 0.0006% / 1h7m 32s$15.0M$55.3M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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

Funding earned
−$12.47
Price spread: −0.086% → −0.134%
$4.77
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$22.7
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Binance: live order book, 7 min ago; Ondo Perps: 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 Binance live order book, 7 min ago0.01 bp5.0 bp −$55.0 bp −$505.8 bp −$585doesn't fit
Sell Ondo Perps no order-book sample
Ondo Perps: 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
SunX XAU-USDT0.0000%4h4,313.8+0.148%$92K$7.0M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,306.1−0.031%$268K250xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.999%$619$5452xas long as short
QFEX GOLD-USD+0.0045%1h4,307.1−0.007%$5.7M$2.7M20xas long as short
Vest GC-PERP+0.0046%1h4,340.1+0.759%$1.0M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,303.5−0.091%$290.0M$52.4M25xas long as short
Ondo Perps XAU-USD.Pshort+0.0050%1h4,303.7−0.086%$15.0M$55.3M25x
Aster XAUUSD1+0.0057%4h4,308.4+0.023%$72.8M$271.9M20xas long as short
Paradex XAU-USD-PERP+0.0063%8h4,306.9−0.012%$2K$14K5xas long as short
Bluefin GOLD-PERP+0.0063%1h4,305.1−0.054%$25K$1K20xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit XAUUSDT+0.0071%4h4,308.3+0.021%$77.6M$154.8M150xas long as short
Lighter XAU+0.0072%1h4,306.4−0.024%$20.2M$30.2M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,306.4−0.023%$2.0M$5.1M25xas long as short
Phoenix GOLD+0.0096%1h4,313.9+0.151%$42K$79K25xas long as short
Kalshi KXGOLDPERP+0.0099%24h4,312.9+0.128%$3.7M$45.2M15xas long as short
Variational Omni XAU+0.0100%4h4,316.5+0.210%$47.1M$29.0Mas long as short
Pacifica XAU+0.0100%1h4,304.1−0.077%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,313.5+0.142%$272K$209K50xas long as short
Lighter RH XAU+0.0104%1h4,308.9+0.036%$19.9M$40.2M25xas long as short
Extended XAU-USD+0.0104%1h4,303.1−0.100%$13.2M$36.6M25xas long as short
MEXC XAU_USDT+0.0108%4h4,307.8+0.009%$364.7M$339.9M1000xas long as short
Binance XAUUSDTlong+0.0110%4h4,307.4long leg$429.0M$2.16B100x
GRVT XAU_USDT_Perp+0.0112%4h4,316.1+0.201%$1.4M$3.0M25xas long as short
Aevo XAU-PERP+0.0112%1h4,309.5+0.048%$160K$8710xas long as short
Gate XAU_USDT+0.0116%4h4,309.1+0.040%$284.3M$429.8M100xas long as short
StandX XAU-USD+0.0118%1h4,313.1+0.132%$3.8M$4.5M40xas long as short
Hotstuff GOLD-PERP+0.0120%1h4,303.9−0.081%$32K25xas long as short
edgeX XAUUSDC+0.0127%4h4,313.1+0.133%$30.0M$59.8M50xas long as short
Bitget XAUUSDT+0.0190%4h4,307.1−0.007%$70.6M$121.3M100xas long as short
Bullet GOLD-USD+0.0199%1h4,307.5+0.002%$59K$81K10xas long as short
Polymarket Perps GOLD-USD+0.0221%1h4,307.40.000%$4.3M$1.8M20xas long as short
Kraken Futures PF_XAUUSD+0.0228%1h4,307.5+0.001%$573K$138K25xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0261%1h4,308.6+0.028%$136K$864K25xas long as short
OKX XAU-USDT-SWAP+0.0264%8h4,307.40.000%$175.2M$304.7M100xas long as short
BloFin XAU-USDT+0.0350%4h4,312.8+0.124%$16.5M$4.9M100xas long as short
Phemex XAUUSDT+0.0432%4h4,313.4+0.140%$2.2M$949K100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0465% / S −0.0312%1h4,310.7+0.076%$254K111xas long as short
HTX XAU-USDT+0.0537%4h4,318+0.246%$3.2M$6.1M75xas long as short
RISEx XAU/USDC+0.0643%1h4,307.4−0.001%$4.5M$13.1M25xas long as short