Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0163%/8h= −17.9% APRpaid last 24h −0.013%

Price spread now: StandX against Bybit−0.126%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$250.254% of the position

Long on Bybit Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 7 days+0.118%+$12 · spread now −0.126%, 7d avg −0.005%

Together, before fees+0.082%+ Points / potential airdropStandX: Active · farm board+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and StandX is 0.121% cheaper against Bybit than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.005%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XAUUSDT	4,367.5	0.0203	pay 0.0102% / 4h	2h 56m	$83.6M	$144.8M	150x
Short	StandX XAU-USD	4,362	0.0040	get 0.0005% / 1h	56m 05s	$3.8M	$4.7M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX against Bybit. 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 BybitbpFee StandXbpOrdersPrice spread, now −0.126%Rate

Funding earned: −$34.32
Price spread: −0.126% → −0.005%: −$12.1
Slippage, 4 orders: −$6.36
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee StandX: 4 bp × 2 orders: −$8
Net: −$71.77
Costs to cover: 0.254%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; StandX: live order book, 3 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 Bybit live order book, 3 min ago	0.01 bp	5.5 bp −$6	6.0 bp −$60	10.6 bp −$1,063	34.8 bp −$17.4K
Sell StandX live order book, 3 min ago	1.95 bp	5.9 bp −$6	6.6 bp −$66	9.5 bp −$948	15.3 bp −$7,644

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
Bluefin GOLD-PERP	−0.0392%	1h	4,356	−0.264%	$26K	$22K	20x	as long as short
Aster XAUUSD1	0.0000%	4h	4,365.4	−0.050%	$68.6M	$252.8M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,367.1	−0.010%	$264.2M	$401.3M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,361.1	−0.147%	$4.1M	$36.5M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,366.8	−0.016%	$93K	$9.9M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,358.2	−0.213%	$269K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0016%	1h	4,357.3	−0.234%	$33K	—	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,358.9	−0.197%	$13.5M	$43.4M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.392%	$619	$54	52x	as long as short
Lighter XAU	+0.0040%	1h	4,363.7	−0.087%	$20.6M	$43.2M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAU-USDshort	+0.0040%	1h	4,362	−0.126%	$3.8M	$4.7M	40x
Vest GC-PERP	+0.0046%	1h	4,396.2	+0.657%	—	$1.0M	25x	as long as short
Variational Omni XAU	+0.0049%	4h	4,361.5	−0.138%	$48.4M	$28.6M	—	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,362.6	−0.113%	$294.4M	$51.8M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,360.6	−0.158%	$14.9M	$57.3M	25x	as long as short
QFEX GOLD-USD	+0.0051%	1h	4,363.8	−0.085%	$5.6M	$1.9M	20x	as long as short
Polymarket Perps GOLD-USD	+0.0053%	1h	4,361.4	−0.140%	$4.3M	$1.8M	20x	as long as short
Phoenix GOLD	+0.0055%	1h	4,358.9	−0.197%	$48K	$64K	25x	as long as short
Lighter RH XAU	+0.0056%	1h	4,366.8	−0.016%	$20.2M	$40.6M	25x	as long as short
MEXC XAU_USDT	+0.0062%	4h	4,365.6	−0.043%	$374.6M	$319.2M	1000x	as long as short
edgeX XAUUSDC	+0.0062%	4h	4,356.3	−0.256%	$30.3M	$60.0M	50x	as long as short
Binance XAUUSDT	+0.0064%	4h	4,366.5	−0.022%	$411.6M	$2.12B	100x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,359.3	−0.188%	$2.0M	$5.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0088%	8h	4,363.2	−0.099%	$19K	$5K	5x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,362.2	−0.122%	$162K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,360.6	−0.158%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,358.5	−0.207%	$275K	$204K	50x	as long as short
Bitget XAUUSDT	+0.0116%	4h	4,366.5	−0.022%	$69.6M	$111.2M	100x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,363.8	−0.085%	$3.4M	$12.4M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0154%	4h	4,362.8	−0.108%	$1.4M	$3.1M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0163%	1h	4,362	−0.126%	$235K	$659K	25x	as long as short
Bullet GOLD-USD	+0.0182%	1h	4,362.5	−0.115%	$59K	$83K	10x	as long as short
Bybit XAUUSDTlong	+0.0203%	4h	4,367.5	long leg	$83.6M	$144.8M	150x
OKX XAU-USDT-SWAP	+0.0217%	8h	4,367.9	+0.009%	$164.3M	$287.4M	100x	as long as short
BloFin XAU-USDT	+0.0255%	4h	4,362.8	−0.109%	$15.4M	$4.6M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,360.7	−0.156%	$595K	$141K	25x	as long as short
Phemex XAUUSDT	+0.0289%	4h	4,366.7	−0.018%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0395% / S −0.0199%	1h	4,362.2	−0.122%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.0547%	4h	4,368.7	+0.028%	$2.9M	$3.9M	75x	as long as short