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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.0132%/8h= +14.5% APRnext payment +$0.17 per $10,000 · paid last 24h +0.007%
Price spread now: ApeX Omni against Coinbase International+0.115%7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$420.423% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.340%−$34 on $10k
Price spread, last 4 days (all we have)−0.132%−$13 · spread now +0.115%, 7d avg +0.054%
Together, before fees−0.472%−$47 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and ApeX Omni is 0.061% dearer against Coinbase International than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.054%. Mind the row above: over the last 7 days funding on this pair cost −0.340%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International GOLD-PERP-INTX4,319.5−0.0032get 0.0004% / 1h55m 31s$2.1M$5.0M25x
ShortApeX Omni XAUUSDT4,324.50.0100get 0.0013% / 1h55m 31s$287K$227K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Coinbase International. 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
$27.72
Price spread: +0.115% → +0.054%
$6.06
Slippage, 4 orders
−$22.26
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$8.48
Costs to cover
0.423%
Break-even
9.1 days
Slippage from Coinbase International: live order book, 1 min ago; ApeX Omni: live order book, 50 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 1 min ago0.58 bp5.6 bp −$68.0 bp −$8040.7 bp −$4,069doesn't fit
Sell ApeX Omni live order book, 50 min ago5.72 bp16.1 bp −$1631.7 bp −$317153.1 bp −$15.3Kdoesn't fit

XAU on 39 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff GOLD-PERP−0.0096%1h4,321.9+0.056%$35K$3K25xas long as short
Coinbase International GOLD-PERP-INTXlong−0.0032%1h4,319.5long leg$2.1M$5.0M25x
SunX XAU-USDT0.0000%4h4,327.9+0.194%$92K$5.6M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0002%1h4,318.7−0.018%$307K250xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.716%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,324.3+0.111%$3.8M$4.5M40xas long as short
QFEX GOLD-USD+0.0042%1h4,321.6+0.049%$6.7M$3.3M20xas long as short
Aster XAUUSD1+0.0043%4h4,324.4+0.114%$71.4M$276.6M20xas long as short
Vest GC-PERP+0.0046%1h4,356.8+0.864%$1.0M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,318.9−0.013%$15.2M$59.2M25xas long as short
Show all 39 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex XAU-USD-PERP+0.0055%8h4,322.2+0.062%$2K$13K5xas long as short
RISEx XAU/USDC+0.0062%1h4,323.1+0.083%$4.6M$13.3M25xas long as short
Variational Omni XAU+0.0065%4h4,322.2+0.063%$47.1M$28.0Mas long as short
Gate XAU_USDT+0.0068%4h4,324.8+0.123%$299.3M$431.7M100xas long as short
MEXC XAU_USDT+0.0082%4h4,322.9+0.079%$362.4M$348.0M1000xas long as short
tradeXYZ xyz:GOLD+0.0082%1h4,320.7+0.028%$291.9M$51.9M25xas long as short
edgeX XAUUSDC+0.0082%4h4,321.6+0.048%$30.2M$66.3M50xas long as short
Binance XAUUSDT+0.0083%4h4,323+0.082%$440.7M$2.42B100xas long as short
GRVT XAU_USDT_Perp+0.0092%4h4,325.9+0.147%$1.4M$3.1M25xas long as short
Lighter XAU+0.0096%1h4,322.3+0.064%$20.1M$29.9M25xas long as short
Pacifica XAU+0.0100%1h4,320.2+0.016%$1.4M$1.4M10xas long as short
ApeX Omni XAUUSDTshort+0.0100%1h4,324.5+0.115%$287K$227K50x
Bluefin GOLD-PERP+0.0100%1h4,318.3−0.027%$25K$1K20xas long as short
Aevo XAU-PERP+0.0104%1h4,322.2+0.061%$160K$8710xas long as short
Phoenix GOLD+0.0127%1h4,324.1+0.106%$43K$71K25xas long as short
Lighter RH XAU+0.0144%1h4,324.8+0.122%$19.5M$38.9M25xas long as short
Kalshi KXGOLDPERP+0.0145%24h4,324.6+0.118%$3.5M$51.5M15xas long as short
Bybit XAUUSDT+0.0154%4h4,324.1+0.106%$82.9M$166.9M150xas long as short
Kraken Futures PF_XAUUSD+0.0197%1h4,320.4+0.021%$582K$166K25xas long as short
Extended XAU-USD+0.0200%1h4,318.6−0.022%$12.5M$34.1M25xas long as short
Bitget XAUUSDT+0.0200%4h4,323.5+0.093%$73.0M$140.1M100xas long as short
Phemex XAUUSDT+0.0209%4h4,326.6+0.164%$2.3M$733K100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0213%1h4,321.3+0.042%$135K$659K25xas long as short
Bullet GOLD-USD+0.0219%1h4,323.7+0.097%$59K$77K10xas long as short
Polymarket Perps GOLD-USD+0.0223%1h4,323.6+0.095%$4.3M$1.7M20xas long as short
OKX XAU-USDT-SWAP+0.0226%8h4,323.5+0.093%$170.9M$361.4M100xas long as short
BloFin XAU-USDT+0.0321%4h4,325.5+0.139%$16.5M$5.2M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0426% / S −0.0258%1h4,323.3+0.089%$253K111xas long as short
HTX XAU-USDT+0.1028%4h4,331.5+0.277%$3.2M$7.1M75xas long as short