Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h −0.202%

Price spread now: Gate against Bluefin+0.199%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bluefin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Gate is 0.199% dearer against Bluefin than usual: you sell high and buy low (spread +0.199% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 51 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin GOLD-PERP	4,315.3	0.0101	pay 0.0013% / 1h	16m 33s	$25K	$1K	20x
Short	Gate XAU_USDT	4,323.8	0.0088	get 0.0044% / 4h	2h 16m	$300.5M	$444.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bluefin. 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 BluefinbpFee GatebpOrdersPrice spread, now +0.199%Rate

Funding earned: −$2.73
Price spread: +0.199% → 0.000%: $19.86
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$4.87
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Bluefin: no order-book sample; Gate: live order book, 6 min ago. Net counts fees only.

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 Bluefin no order-book sample	—	—	—	—	—
Sell Gate live order book, 6 min ago	0.01 bp	7.5 bp −$8	8.8 bp −$88	12.8 bp −$1,277	14.3 bp −$7,151

Bluefin: 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 exchanges

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	4,324.8	+0.222%	$92K	$6.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,318.9	+0.083%	$274K	—	250x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0024%	1h	4,316.3	+0.024%	$2.0M	$5.1M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.815%	$619	$54	52x	as long as short
QFEX GOLD-USD	+0.0038%	1h	4,320.9	+0.130%	$6.7M	$3.2M	20x	as long as short
StandX XAU-USD	+0.0040%	1h	4,320.6	+0.124%	$3.8M	$4.5M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,355.2	+0.925%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,319.6	+0.100%	$291.7M	$52.7M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,318.1	+0.065%	$15.0M	$57.5M	25x	as long as short
Paradex XAU-USD-PERP	+0.0055%	8h	4,321	+0.133%	$2K	$13K	5x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx XAU/USDC	+0.0056%	1h	4,322.1	+0.159%	$4.7M	$13.5M	25x	as long as short
Aster XAUUSD1	+0.0068%	4h	4,324.1	+0.204%	$73.6M	$274.4M	20x	as long as short
Phoenix GOLD	+0.0076%	1h	4,318.8	+0.082%	$43K	$72K	25x	as long as short
Hotstuff GOLD-PERP	+0.0088%	1h	4,317.2	+0.045%	$32K	—	25x	as long as short
Gate XAU_USDTshort	+0.0088%	4h	4,323.8	+0.199%	$300.5M	$444.9M	100x
Variational Omni XAU	+0.0090%	4h	4,319	+0.086%	$47.0M	$29.3M	—	as long as short
Lighter XAU	+0.0096%	1h	4,320.8	+0.128%	$20.2M	$30.0M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,317.8	+0.059%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,316.5	+0.028%	$283K	$223K	50x	as long as short
Bluefin GOLD-PERPlong	+0.0101%	1h	4,315.3	long leg	$25K	$1K	20x
MEXC XAU_USDT	+0.0112%	4h	4,322.9	+0.177%	$359.5M	$360.1M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0112%	4h	4,320	+0.110%	$1.4M	$3.0M	25x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,319.5	+0.097%	$160K	$87	10x	as long as short
Binance XAUUSDT	+0.0113%	4h	4,322.4	+0.166%	$440.3M	$2.37B	100x	as long as short
Bybit XAUUSDT	+0.0116%	4h	4,324.1	+0.205%	$80.5M	$170.9M	150x	as long as short
edgeX XAUUSDC	+0.0124%	4h	4,315.8	+0.011%	$30.1M	$66.3M	50x	as long as short
Kalshi KXGOLDPERP	+0.0130%	24h	4,322.5	+0.168%	$3.5M	$49.7M	15x	as long as short
Polymarket Perps GOLD-USD	+0.0135%	1h	4,322.4	+0.165%	$4.3M	$1.7M	20x	as long as short
Extended XAU-USD	+0.0144%	1h	4,317.6	+0.055%	$12.7M	$34.8M	25x	as long as short
Lighter RH XAU	+0.0152%	1h	4,323.6	+0.193%	$19.8M	$40.3M	25x	as long as short
Bullet GOLD-USD	+0.0200%	1h	4,323	+0.179%	$59K	$76K	10x	as long as short
Bitget XAUUSDT	+0.0210%	4h	4,323.1	+0.180%	$74.0M	$134.1M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0237%	1h	4,318.5	+0.075%	$135K	$788K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0243%	8h	4,323.7	+0.195%	$170.6M	$354.1M	100x	as long as short
BloFin XAU-USDT	+0.0353%	4h	4,320.5	+0.120%	$16.2M	$5.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0412%	1h	4,317.3	+0.048%	$581K	$165K	25x	as long as short
Phemex XAUUSDT	+0.0455%	4h	4,321.5	+0.144%	$2.2M	$783K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0459% / S −0.0306%	1h	4,321	+0.132%	$252K	—	111x	as long as short
HTX XAU-USDT	+0.1127%	4h	4,328	+0.295%	$3.2M	$7.0M	75x	as long as short