Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.5% APRpaid last 24h −0.019%

Price spread now: tradeXYZ against Bybit−0.090%7-day average −0.110% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$290.293% of the position

Long on Bybit Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%$0 on $10k

Price spread, last 7 days+0.020%+$2 · spread now −0.090%, 7d avg −0.110%

Together, before fees+0.015%+ Points / potential airdroptradeXYZ: Active · farm board+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XAUUSDT	4,325.3	0.0054	pay 0.0027% / 4h	31m 18s	$77.7M	$152.8M	150x
Short	tradeXYZ xyz:GOLD	4,321.4	0.0050	get 0.0006% / 1h	31m 18s	$291.7M	$51.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.090%Rate

Funding earned: −$0.92
Price spread: −0.090% → −0.110%: $1.97
Slippage, 4 orders: −$0.26
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$28.2
Costs to cover: 0.293%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; tradeXYZ: live order book, 9 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	7.0 bp −$70	10.2 bp −$1,018	31.9 bp −$16.0K
Sell tradeXYZ live order book, 9 min ago	0.12 bp	9.1 bp −$9	9.6 bp −$96	11.8 bp −$1,177	doesn't fit

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
Hotstuff GOLD-PERP	−0.0096%	1h	4,322.5	−0.065%	$32K	—	25x	as long as short
Bluefin GOLD-PERP	−0.0081%	1h	4,318.6	−0.154%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,329.1	+0.089%	$92K	$7.2M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,320	−0.123%	$270K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.581%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,327.2	+0.044%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,324.1	−0.028%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,356.6	+0.724%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLDshort	+0.0050%	1h	4,321.4	−0.090%	$291.7M	$51.5M	25x
Ondo Perps XAU-USD.P	+0.0050%	1h	4,320.3	−0.116%	$15.0M	$55.6M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit XAUUSDTlong	+0.0054%	4h	4,325.3	long leg	$77.7M	$152.8M	150x
Aster XAUUSD1	+0.0058%	4h	4,325.8	+0.013%	$72.9M	$271.9M	20x	as long as short
Lighter XAU	+0.0064%	1h	4,323.5	−0.041%	$20.5M	$29.4M	25x	as long as short
Paradex XAU-USD-PERP	+0.0065%	8h	4,324.1	−0.027%	$2K	$14K	5x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,320.5	−0.111%	$2.1M	$4.8M	25x	as long as short
Variational Omni XAU	+0.0089%	4h	4,324.9	−0.009%	$47.2M	$29.3M	—	as long as short
Kalshi KXGOLDPERP	+0.0093%	24h	4,325.7	+0.009%	$3.8M	$44.6M	15x	as long as short
Phoenix GOLD	+0.0096%	1h	4,323.3	−0.046%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,321	−0.098%	$1.4M	$1.2M	10x	as long as short
MEXC XAU_USDT	+0.0100%	4h	4,324.6	−0.015%	$362.8M	$327.9M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0100%	4h	4,326.8	+0.034%	$1.4M	$3.0M	25x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,320.9	−0.103%	$272K	$208K	50x	as long as short
Binance XAUUSDT	+0.0101%	4h	4,324.2	−0.025%	$425.0M	$2.13B	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,323.8	−0.035%	$160K	$87	10x	as long as short
Gate XAU_USDT	+0.0108%	4h	4,326.5	+0.028%	$286.1M	$416.8M	100x	as long as short
edgeX XAUUSDC	+0.0117%	4h	4,322.9	−0.054%	$30.1M	$59.6M	50x	as long as short
Lighter RH XAU	+0.0120%	1h	4,326.2	+0.020%	$20.0M	$39.2M	25x	as long as short
Extended XAU-USD	+0.0128%	1h	4,320.1	−0.121%	$13.2M	$36.8M	25x	as long as short
Bitget XAUUSDT	+0.0194%	4h	4,323.9	−0.032%	$70.2M	$118.5M	100x	as long as short
Bullet GOLD-USD	+0.0206%	1h	4,324.3	−0.022%	$58K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0219%	1h	4,324.3	−0.023%	$4.3M	$1.9M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0228%	1h	4,322.2	−0.072%	$578K	$135K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0236%	1h	4,322.5	−0.065%	$163K	$872K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0276%	8h	4,325	−0.007%	$173.9M	$299.0M	100x	as long as short
BloFin XAU-USDT	+0.0341%	4h	4,324.9	−0.009%	$16.4M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0368%	4h	4,327.3	+0.047%	$2.2M	$975K	100x	as long as short
HTX XAU-USDT	+0.0430%	4h	4,331.1	+0.133%	$3.2M	$5.9M	75x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,324.3	−0.024%	$253K	—	111x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,324.5	−0.018%	$4.6M	$13.3M	25x	as long as short