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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0153%/8h= −16.8% APRnext payment $0.19 per $10,000 · paid last 24h −0.017%
Price spread now: Coinbase International against Bullet−0.006%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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet GOLD-USD4,3470.0201pay 0.0025% / 1h48m 35s$58K$83K10x
ShortCoinbase International GOLD-PERP-INTX4,346.70.0048get 0.0006% / 1h48m 35s$2.0M$4.9M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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
−$32.15
Price spread: −0.006% → 0.000%
−$0.62
Slippage, 4 orders
no order book: not counted
Fee Bullet: 4 bp × 2 orders
−$8
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$50.76
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Bullet: no order-book sample; Coinbase International: live order book, 5 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 Coinbase International live order book, 5 min ago0.46 bp6.4 bp −$67.9 bp −$79doesn't fitdoesn'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 38 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
Bluefin GOLD-PERP−0.0050%1h4,342.1−0.113%$25K$14K20xas long as short
Hotstuff GOLD-PERP−0.0040%1h4,344.6−0.054%$33K25xas long as short
Gate XAU_USDT0.0000%4h4,348.6+0.037%$264.3M$406.5M100xas long as short
SunX XAU-USDT0.0000%4h4,351.5+0.104%$92K$9.4M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,342.5−0.102%$269K250xas long as short
RISEx XAU/USDC+0.0010%1h4,347.1+0.004%$3.4M$12.4M25xas long as short
Extended XAU-USD+0.0032%1h4,342.8−0.096%$13.6M$40.2M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.079%$619$5452xas long as short
Kalshi KXGOLDPERP+0.0037%24h4,345.3−0.038%$4.1M$36.2M15xas long as short
StandX XAU-USD+0.0040%1h4,349.3+0.054%$3.8M$4.6M40xas long as short
Show all 38 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest GC-PERP+0.0046%1h4,380.5+0.771%$1.0M25xas long as short
QFEX GOLD-USD+0.0046%1h4,347.1+0.003%$5.6M$1.9M20xas long as short
Coinbase International GOLD-PERP-INTXshort+0.0048%1h4,346.7−0.006%$2.0M$4.9M25x
tradeXYZ xyz:GOLD+0.0050%1h4,344.6−0.054%$293.2M$48.7M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,343.7−0.076%$15.1M$57.7M25xas long as short
Aster XAUUSD1+0.0053%4h4,348.4+0.032%$70.0M$331.2M20xas long as short
Lighter XAU+0.0056%1h4,345.6−0.032%$20.6M$41.9M25xas long as short
Lighter RH XAU+0.0080%1h4,348.2+0.028%$20.1M$39.3M25xas long as short
Paradex XAU-USD-PERP+0.0085%8h4,347+0.001%$19K$5K5xas long as short
Pacifica XAU+0.0100%1h4,343.8−0.073%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,350.6+0.084%$275K$203K50xas long as short
Variational Omni XAU+0.0102%4h4,347.9+0.021%$48.3M$27.9Mas long as short
Binance XAUUSDT+0.0104%4h4,347.6+0.015%$410.1M$2.10B100xas long as short
MEXC XAU_USDT+0.0108%4h4,347.5+0.011%$371.4M$316.4M1000xas long as short
Aevo XAU-PERP+0.0112%1h4,346.9−0.002%$161K$8710xas long as short
Polymarket Perps GOLD-USD+0.0114%1h4,346.8−0.004%$4.3M$1.9M20xas long as short
GRVT XAU_USDT_Perp+0.0118%4h4,349.4+0.057%$1.4M$3.0M25xas long as short
edgeX XAUUSDC+0.0136%4h4,348.4+0.033%$30.3M$58.7M50xas long as short
Phoenix GOLD+0.0136%1h4,347.8+0.019%$47K$77K25xas long as short
Bullet GOLD-USDlong+0.0201%1h4,347long leg$58K$83K10x
Bybit XAUUSDT+0.0202%4h4,348.9+0.045%$84.3M$145.1M150xas long as short
Bitget XAUUSDT+0.0210%4h4,347.4+0.010%$69.6M$109.3M100xas long as short
OKX XAU-USDT-SWAP+0.0249%8h4,348.6+0.038%$164.4M$282.3M100xas long as short
Kraken Futures PF_XAUUSD+0.0270%1h4,344−0.068%$593K$133K25xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0280%1h4,345.1−0.043%$259K$703K25xas long as short
Phemex XAUUSDT+0.0353%4h4,349.8+0.065%$2.2M$1.1M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0399% / S −0.0208%1h4,3470.000%$251K111xas long as short
HTX XAU-USDT+0.0593%4h4,353.1+0.141%$2.8M$4.2M75xas long as short