Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0016%/8h= +1.8% APRpaid last 24h −0.022%

Price spread now: StandX against Binance+0.051%47s7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as 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−$240.239% of the position

Long on Binance Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$7 on $10k

Price spread, last 2 days (all we have)−0.032%−$3 · spread now +0.051%, 7d avg +0.024%

Together, before fees−0.097%+ Points / potential airdropStandX: Active · farm board−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and StandX is 0.027% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.024%. Mind the row above: over the last 7 days funding on this pair cost −0.065%, so the current rate has only just turned in your favour. The two prices were read 47 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	Binance XAUUSDT	4,360.2	0.0024	pay 0.0012% / 4h	3h 22m	$411.7M	$2.15B	100x
Short	StandX XAU-USD	4,362.4	0.0040	get 0.0005% / 1h	22m 47s	$3.8M	$4.7M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.051%Rate

Funding earned: $3.43
Price spread: +0.051% → +0.024%: $2.69
Slippage, 4 orders: −$5.92
Fee Binance: 5 bp × 2 orders: −$10
Fee StandX: 4 bp × 2 orders: −$8
Net: −$17.8
Costs to cover: 0.239%
Break-even: 43.4 days

Slippage from Binance: live order book, 6 min ago; StandX: live order book, 1 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, 6 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	6.0 bp −$596	doesn't fit
Sell StandX live order book, 1 min ago	1.72 bp	8.0 bp −$8	9.0 bp −$90	9.7 bp −$971	10.5 bp −$5,231

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
Aster XAUUSD1	0.0000%	4h	4,360.7	+0.012%	$71.0M	$200.4M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,361.8	+0.036%	$266.3M	$416.8M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,355.9	−0.098%	$4.0M	$36.6M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,363.6	+0.079%	$93K	$10.2M	20x	as long as short
Variational Omni XAU	0.0000%	4h	4,360.4	+0.005%	$47.8M	$28.1M	—	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,356.4	−0.086%	$267K	—	250x	as long as short
edgeX XAUUSDC	+0.0022%	4h	4,355.1	−0.116%	$30.3M	$60.4M	50x	as long as short
MEXC XAU_USDT	+0.0022%	4h	4,360.7	+0.012%	$372.8M	$328.2M	1000x	as long as short
Binance XAUUSDTlong	+0.0024%	4h	4,360.2	long leg	$411.7M	$2.15B	100x
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.224%	$619	$54	52x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAU-USDshort	+0.0040%	1h	4,362.4	+0.051%	$3.8M	$4.7M	40x
QFEX GOLD-USD	+0.0045%	1h	4,356.7	−0.080%	$5.6M	$1.9M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,393.8	+0.771%	—	$1.0M	25x	as long as short
RISEx XAU/USDC	+0.0048%	1h	4,358.3	−0.043%	$3.4M	$12.3M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,357.2	−0.069%	$293.8M	$51.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,354	−0.142%	$14.7M	$57.2M	25x	as long as short
Phoenix GOLD	+0.0055%	1h	4,358.5	−0.039%	$48K	$64K	25x	as long as short
Bitget XAUUSDT	+0.0058%	4h	4,360.5	+0.007%	$69.1M	$113.9M	100x	as long as short
Lighter XAU	+0.0072%	1h	4,359.6	−0.014%	$20.6M	$44.1M	25x	as long as short
Extended XAU-USD	+0.0080%	1h	4,356.6	−0.083%	$13.5M	$43.8M	25x	as long as short
Paradex XAU-USD-PERP	+0.0080%	8h	4,358.3	−0.043%	$19K	$5K	5x	as long as short
Aevo XAU-PERP	+0.0088%	1h	4,359	−0.027%	$161K	$87	10x	as long as short
BloFin XAU-USDT	+0.0091%	4h	4,361.9	+0.039%	$15.5M	$4.5M	100x	as long as short
Lighter RH XAU	+0.0096%	1h	4,361.7	+0.035%	$20.2M	$41.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0096%	1h	4,355.3	−0.112%	$33K	—	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,354.3	−0.135%	$2.0M	$5.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,355	−0.119%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,357.8	−0.055%	$275K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,351.4	−0.202%	$25K	$22K	20x	as long as short
Bybit XAUUSDT	+0.0110%	4h	4,361.3	+0.025%	$83.5M	$144.4M	150x	as long as short
Polymarket Perps GOLD-USD	+0.0121%	1h	4,358.6	−0.036%	$4.3M	$1.8M	20x	as long as short
GRVT XAU_USDT_Perp	+0.0152%	4h	4,361.1	+0.021%	$1.4M	$3.1M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0163%	1h	4,358.6	−0.036%	$235K	$656K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0199%	8h	4,361.2	+0.023%	$163.8M	$289.4M	100x	as long as short
Bullet GOLD-USD	+0.0211%	1h	4,360.3	+0.003%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,356.7	−0.079%	$594K	$151K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,360.4	+0.005%	$252K	—	111x	as long as short
Phemex XAUUSDT	+0.0532%	4h	4,363.1	+0.067%	$2.2M	$1.1M	100x	as long as short
HTX XAU-USDT	+0.0575%	4h	4,363.4	+0.073%	$2.9M	$3.9M	75x	as long as short