Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0156%/8h= −17.1% APRpaid last 24h −0.039%

Price spread now: StandX against Bitget+0.080%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$270.267% of the position

Long on Bitget Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.128%−$13 on $10k

Price spread, last 7 days−0.071%−$7 · spread now +0.080%, 7d avg +0.008%

Together, before fees−0.199%+ Points / potential airdropStandX: Active · farm board−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. StandX is 0.072% dearer against Bitget than usual: you sell high and buy low (spread +0.080% now, against its 7-day average of +0.008%): +$7 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 37 hours. At the pace of the last 7 days (−0.128% in total) that is about 3.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XAUUSDT	4,329.2	0.0196	pay 0.0098% / 4h	2h 57m	$72.0M	$132.6M	100x
Short	StandX XAU-USD	4,332.7	0.0040	get 0.0005% / 1h	57m 27s	$3.8M	$4.5M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.080%Rate

Funding earned: −$32.76
Price spread: +0.080% → +0.008%: $7.17
Slippage, 4 orders: −$6.69
Fee Bitget: 6 bp × 2 orders: −$12
Fee StandX: 4 bp × 2 orders: −$8
Net: −$52.28
Costs to cover: 0.267%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; StandX: live order book, 2 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, 2 min ago	0.01 bp	6.0 bp −$6	6.7 bp −$67	11.5 bp −$1,155	doesn't fit
Sell StandX live order book, 2 min ago	2.65 bp	7.3 bp −$7	7.6 bp −$76	10.0 bp −$996	12.0 bp −$5,994

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
SunX XAU-USDT	0.0000%	4h	4,334.7	+0.127%	$92K	$6.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,330.7	+0.033%	$275K	—	250x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0024%	1h	4,327.4	−0.043%	$2.0M	$5.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.489%	$619	$54	52x	as long as short
Bluefin GOLD-PERP	+0.0035%	1h	4,325.1	−0.095%	$25K	$1K	20x	as long as short
QFEX GOLD-USD	+0.0038%	1h	4,328.4	−0.019%	$6.6M	$3.0M	20x	as long as short
StandX XAU-USDshort	+0.0040%	1h	4,332.7	+0.080%	$3.8M	$4.5M	40x
Vest GC-PERP	+0.0046%	1h	4,362.5	+0.768%	—	$1.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0048%	1h	4,326.4	−0.066%	$32K	—	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,326.2	−0.070%	$292.2M	$55.4M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,325.5	−0.086%	$15.1M	$57.3M	25x	as long as short
RISEx XAU/USDC	+0.0056%	1h	4,330.3	+0.025%	$4.6M	$13.6M	25x	as long as short
Paradex XAU-USD-PERP	+0.0058%	8h	4,328.9	−0.007%	$2K	$13K	5x	as long as short
Aster XAUUSD1	+0.0059%	4h	4,330.8	+0.035%	$74.4M	$272.9M	20x	as long as short
Extended XAU-USD	+0.0080%	1h	4,325.5	−0.087%	$12.7M	$35.8M	25x	as long as short
Lighter RH XAU	+0.0088%	1h	4,330.9	+0.039%	$19.8M	$38.5M	25x	as long as short
Variational Omni XAU	+0.0093%	4h	4,332	+0.063%	$47.2M	$30.1M	—	as long as short
Phoenix GOLD	+0.0095%	1h	4,333.5	+0.098%	$43K	$67K	25x	as long as short
Lighter XAU	+0.0096%	1h	4,328.8	−0.009%	$20.2M	$29.3M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,325.7	−0.082%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,330	+0.018%	$284K	$232K	50x	as long as short
Gate XAU_USDT	+0.0102%	4h	4,331.3	+0.047%	$299.3M	$428.1M	100x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,330.1	+0.020%	$160K	$87	10x	as long as short
MEXC XAU_USDT	+0.0114%	4h	4,329.4	+0.004%	$353.5M	$347.5M	1000x	as long as short
Binance XAUUSDT	+0.0115%	4h	4,329.2	−0.001%	$435.8M	$2.35B	100x	as long as short
Polymarket Perps GOLD-USD	+0.0120%	1h	4,328.9	−0.008%	$4.3M	$1.7M	20x	as long as short
Kalshi KXGOLDPERP	+0.0120%	24h	4,333.4	+0.096%	$3.5M	$48.5M	15x	as long as short
edgeX XAUUSDC	+0.0127%	4h	4,330.2	+0.022%	$30.3M	$64.9M	50x	as long as short
GRVT XAU_USDT_Perp	+0.0132%	4h	4,331.1	+0.044%	$1.4M	$3.0M	25x	as long as short
Bybit XAUUSDT	+0.0140%	4h	4,330.6	+0.032%	$81.6M	$169.7M	150x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0166%	1h	4,328.8	−0.010%	$134K	$780K	25x	as long as short
Bullet GOLD-USD	+0.0169%	1h	4,331.6	+0.055%	$58K	$77K	10x	as long as short
Bitget XAUUSDTlong	+0.0196%	4h	4,329.2	long leg	$72.0M	$132.6M	100x
OKX XAU-USDT-SWAP	+0.0244%	8h	4,330	+0.018%	$170.8M	$354.5M	100x	as long as short
Phemex XAUUSDT	+0.0304%	4h	4,333.9	+0.107%	$2.2M	$961K	100x	as long as short
BloFin XAU-USDT	+0.0356%	4h	4,332.2	+0.068%	$16.2M	$5.5M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0411%	1h	4,328.5	−0.016%	$583K	$150K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0466% / S −0.0313%	1h	4,332.8	+0.081%	$256K	—	111x	as long as short
HTX XAU-USDT	+0.1108%	4h	4,339	+0.226%	$3.2M	$7.0M	75x	as long as short