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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0086%/8h= −9.4% APRnext payment $0.11 per $10,000 · paid last 24h −0.015%
Price spread now: ApeX Omni against Bullet−0.064%7-day average · 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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and ApeX Omni is 0.064% cheaper against Bullet than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet GOLD-USD4,3460.0186pay 0.0023% / 1h10m 57s$59K$82K10x
ShortApeX Omni XAUUSDT4,343.30.0100get 0.0013% / 1h10m 57s$274K$203K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bullet. 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
−$18.12
Price spread: −0.064% → 0.000%
−$6.41
Slippage, 4 orders
no order book: not counted
Fee Bullet: 4 bp × 2 orders
−$8
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$42.52
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Bullet: no order-book sample; ApeX Omni: live order book, 46 min ago. 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 Bullet no order-book sample
Sell ApeX Omni live order book, 46 min ago4.01 bp13.7 bp −$1428.3 bp −$28337.6 bp −$3,757doesn't fit
Bullet: 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
RISEx XAU/USDC0.0000%1h4,345.6−0.011%$3.4M$12.3M25xas long as short
Hotstuff GOLD-PERP0.0000%1h4,342.7−0.077%$33K25xas long as short
Gate XAU_USDT0.0000%4h4,348.4+0.054%$265.9M$417.3M100xas long as short
SunX XAU-USDT0.0000%4h4,350.4+0.100%$92K$8.9M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,342.3−0.087%$272K250xas long as short
Lighter XAU+0.0032%1h4,345.8−0.006%$20.8M$38.2M25xas long as short
Extended XAU-USD+0.0032%1h4,342.9−0.073%$13.2M$38.3M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.101%$619$5452xas long as short
Lighter RH XAU+0.0040%1h4,347.9+0.042%$20.1M$39.4M25xas long as short
StandX XAU-USD+0.0040%1h4,346.8+0.017%$3.8M$4.5M40xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX GOLD-USD+0.0041%1h4,345.6−0.010%$5.7M$2.0M20xas long as short
Vest GC-PERP+0.0046%1h4,378.6+0.749%$1.0M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0048%1h4,343.7−0.054%$2.0M$4.8M25xas long as short
Kalshi KXGOLDPERP+0.0049%24h4,343.8−0.052%$4.2M$37.4M15xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,344−0.047%$293.8M$49.0M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,342.3−0.087%$15.1M$56.8M25xas long as short
Aster XAUUSD1+0.0059%4h4,348+0.045%$71.3M$333.2M20xas long as short
Variational Omni XAU+0.0076%4h4,345.3−0.018%$48.4M$28.2Mas long as short
Paradex XAU-USD-PERP+0.0080%8h4,345.4−0.016%$19K$5K5xas long as short
GRVT XAU_USDT_Perp+0.0086%4h4,346.5+0.010%$1.4M$2.9M25xas long as short
MEXC XAU_USDT+0.0088%4h4,347+0.022%$372.0M$320.4M1000xas long as short
Binance XAUUSDT+0.0089%4h4,347+0.022%$413.8M$2.10B100xas long as short
edgeX XAUUSDC+0.0099%4h4,343.2−0.066%$30.2M$58.3M50xas long as short
Pacifica XAU+0.0100%1h4,342.5−0.082%$1.4M$1.1M10xas long as short
ApeX Omni XAUUSDTshort+0.0100%1h4,343.3−0.064%$274K$203K50x
Bluefin GOLD-PERP+0.0100%1h4,340.6−0.125%$25K$14K20xas long as short
Aevo XAU-PERP+0.0104%1h4,345.2−0.019%$161K$8710xas long as short
Phoenix GOLD+0.0142%1h4,344.7−0.031%$47K$77K25xas long as short
Polymarket Perps GOLD-USD+0.0162%1h4,345.8−0.006%$4.3M$2.0M20xas long as short
Bullet GOLD-USDlong+0.0186%1h4,346long leg$59K$82K10x
Kraken Futures PF_XAUUSD+0.0194%1h4,343.7−0.055%$592K$132K25xas long as short
Bitget XAUUSDT+0.0232%4h4,347.6+0.036%$70.1M$109.2M100xas long as short
Phemex XAUUSDT+0.0235%4h4,350.4+0.101%$2.2M$967K100xas long as short
Bybit XAUUSDT+0.0240%4h4,348.4+0.053%$85.1M$145.4M150xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0257%1h4,345.1−0.022%$206K$825K25xas long as short
OKX XAU-USDT-SWAP+0.0297%8h4,348.2+0.050%$165.3M$282.0M100xas long as short
BloFin XAU-USDT+0.0329%4h4,346.1+0.001%$15.6M$4.5M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0418% / S −0.0239%1h4,346.3+0.007%$248K111xas long as short
HTX XAU-USDT+0.0620%4h4,351.3+0.121%$2.8M$4.6M75xas long as short