Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0021%/8h= −2.3% APRpaid last 24h −0.022%

Price spread now: RISEx against Bitget−0.039%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$190.186% of the position

Long on Bitget Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.030%−$3 on $10k

Price spread, last 7 days+0.054%+$5 · spread now −0.039%, 7d avg −0.006%

Together, before fees+0.024%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and RISEx is 0.033% cheaper against Bitget than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.006%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XAUUSDT	4,361	0.0156	pay 0.0078% / 4h	2h 34m	$69.3M	$109.8M	100x
Short	RISEx XAU/USDC	4,359.3	0.0135	get 0.0017% / 1h	34m 30s	$3.4M	$12.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Bitget. 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 BitgetbpFee RISExbpOrdersPrice spread, now −0.039%Rate

Funding earned: −$4.38
Price spread: −0.039% → −0.006%: −$3.32
Slippage, 4 orders: −$0.64
Fee Bitget: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$26.34
Costs to cover: 0.186%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; RISEx: live order book, 5 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 Bitget live order book, 5 min ago	0.01 bp	6.5 bp −$6	8.4 bp −$84	11.8 bp −$1,182	doesn't fit
Sell RISEx live order book, 5 min ago	0.01 bp	3.0 bp −$3	4.0 bp −$40	58.4 bp −$5,838	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	4,357	−0.092%	$33K	—	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,360.1	−0.022%	$263.0M	$408.8M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,357.4	−0.083%	$4.1M	$36.3M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,364.1	+0.071%	$93K	$9.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,356.8	−0.096%	$270K	—	250x	as long as short
Aster XAUUSD1	+0.0004%	4h	4,359.5	−0.034%	$70.2M	$292.9M	20x	as long as short
Extended XAU-USD	+0.0032%	1h	4,355.4	−0.128%	$13.6M	$43.0M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.243%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,360.5	−0.012%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,394.1	+0.759%	—	$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	4,358.3	−0.063%	$20.7M	$43.5M	25x	as long as short
Lighter RH XAU	+0.0048%	1h	4,361.7	+0.017%	$20.1M	$40.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,357.3	−0.085%	$294.2M	$48.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,356	−0.115%	$14.9M	$57.9M	25x	as long as short
QFEX GOLD-USD	+0.0051%	1h	4,358.1	−0.067%	$5.6M	$1.9M	20x	as long as short
Polymarket Perps GOLD-USD	+0.0059%	1h	4,359.6	−0.032%	$4.3M	$1.9M	20x	as long as short
Variational Omni XAU	+0.0069%	4h	4,356.5	−0.103%	$48.3M	$28.4M	—	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,357.1	−0.090%	$2.0M	$5.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0082%	8h	4,359.2	−0.042%	$19K	$5K	5x	as long as short
edgeX XAUUSDC	+0.0084%	4h	4,350.2	−0.248%	$30.3M	$60.6M	50x	as long as short
MEXC XAU_USDT	+0.0086%	4h	4,358.7	−0.054%	$374.1M	$322.4M	1000x	as long as short
Binance XAUUSDT	+0.0088%	4h	4,359.9	−0.026%	$409.8M	$2.10B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,356	−0.115%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,352.6	−0.193%	$275K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,400.4	+0.903%	$26K	$14K	20x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,359.5	−0.034%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0121%	1h	4,355.1	−0.136%	$48K	$64K	25x	as long as short
RISEx XAU/USDCshort	+0.0135%	1h	4,359.3	−0.039%	$3.4M	$12.4M	25x
GRVT XAU_USDT_Perp	+0.0136%	4h	4,357.5	−0.081%	$1.4M	$2.9M	25x	as long as short
Bullet GOLD-USD	+0.0156%	1h	4,360	−0.023%	$59K	$83K	10x	as long as short
Bitget XAUUSDTlong	+0.0156%	4h	4,361	long leg	$69.3M	$109.8M	100x
Bybit XAUUSDT	+0.0181%	4h	4,361.5	+0.012%	$84.2M	$143.7M	150x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0186%	1h	4,358.8	−0.051%	$235K	$662K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0227%	8h	4,361.8	+0.018%	$165.0M	$284.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,358	−0.070%	$594K	$141K	25x	as long as short
BloFin XAU-USDT	+0.0286%	4h	4,364.8	+0.087%	$15.5M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0349%	4h	4,361.3	+0.006%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0394% / S −0.0199%	1h	4,360.4	−0.013%	$253K	—	111x	as long as short
HTX XAU-USDT	+0.0521%	4h	4,363.9	+0.066%	$2.9M	$3.9M	75x	as long as short