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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.11 per $10,000 · paid last 24h +0.018%
Price spread now: Bullet against Coinbase International+0.065%7-day average · you sell dearer than you buy
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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bullet is 0.065% dearer against Coinbase International than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International GOLD-PERP-INTX4,354.60.0072pay 0.0009% / 1h35m 55s$2.0M$5.0M25x
ShortBullet GOLD-USD4,357.40.0156get 0.0020% / 1h35m 55s$59K$83K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bullet 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
$17.67
Price spread: +0.065% → 0.000%
$6.46
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Bullet: 4 bp × 2 orders
−$8
Net
$6.13
Costs to cover
0.180%
Break-even
4.6 days
Slippage unknown: Coinbase International: live order book, 3 min ago; Bullet: no order-book sample. 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 Coinbase International live order book, 3 min ago0.12 bp7.8 bp −$89.5 bp −$9549.2 bp −$4,915doesn't fit
Sell Bullet no order-book sample
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
Bluefin GOLD-PERP−0.0317%1h4,349.8−0.109%$25K$14K20xas long as short
Aster XAUUSD10.0000%4h4,359+0.100%$70.2M$293.2M20xas long as short
Gate XAU_USDT0.0000%4h4,360.1+0.127%$263.5M$408.4M100xas long as short
Kalshi KXGOLDPERP0.0000%24h4,354.2−0.009%$4.1M$36.6M15xas long as short
SunX XAU-USDT0.0000%4h4,361.3+0.153%$93K$9.7M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,353.5−0.025%$270K250xas long as short
Extended XAU-USD+0.0032%1h4,354.5−0.001%$13.6M$43.0M25xas long as short
Hotstuff GOLD-PERP+0.0032%1h4,352.8−0.041%$33K25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.096%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,356+0.032%$3.8M$4.7M40xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest GC-PERP+0.0046%1h4,390.7+0.829%$1.0M25xas long as short
Lighter XAU+0.0048%1h4,356.9+0.052%$20.7M$43.5M25xas long as short
Lighter RH XAU+0.0048%1h4,359.2+0.104%$20.1M$40.8M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,354.7+0.002%$294.1M$48.4M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,354.3−0.006%$14.9M$57.8M25xas long as short
QFEX GOLD-USD+0.0051%1h4,356.7+0.048%$5.6M$1.9M20xas long as short
Polymarket Perps GOLD-USD+0.0060%1h4,356.4+0.041%$4.3M$1.9M20xas long as short
Variational Omni XAU+0.0069%4h4,356.5+0.044%$48.3M$28.4Mas long as short
Coinbase International GOLD-PERP-INTXlong+0.0072%1h4,354.6long leg$2.0M$5.0M25x
Paradex XAU-USD-PERP+0.0083%8h4,357+0.056%$19K$5K5xas long as short
edgeX XAUUSDC+0.0084%4h4,350.2−0.101%$30.3M$60.6M50xas long as short
MEXC XAU_USDT+0.0084%4h4,358.2+0.084%$373.8M$322.3M1000xas long as short
Binance XAUUSDT+0.0086%4h4,358.9+0.099%$409.7M$2.10B100xas long as short
Pacifica XAU+0.0100%1h4,352.7−0.044%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,353.9−0.017%$275K$204K50xas long as short
Aevo XAU-PERP+0.0104%1h4,356.4+0.040%$161K$8710xas long as short
Phoenix GOLD+0.0121%1h4,355.1+0.011%$48K$64K25xas long as short
RISEx XAU/USDC+0.0135%1h4,357+0.055%$3.4M$12.4M25xas long as short
GRVT XAU_USDT_Perp+0.0136%4h4,357.5+0.066%$1.4M$2.9M25xas long as short
Bitget XAUUSDT+0.0152%4h4,358.8+0.096%$69.2M$109.7M100xas long as short
Bullet GOLD-USDshort+0.0156%1h4,357.4+0.065%$59K$83K10x
Deribit GOLD_USDC-PERPETUAL+0.0186%1h4,356.3+0.039%$234K$661K25xas long as short
Bybit XAUUSDT+0.0190%4h4,360.2+0.129%$84.2M$143.7M150xas long as short
OKX XAU-USDT-SWAP+0.0226%8h4,360.4+0.133%$165.0M$284.3M100xas long as short
Kraken Futures PF_XAUUSD+0.0269%1h4,354.9+0.006%$594K$141K25xas long as short
BloFin XAU-USDT+0.0286%4h4,364.8+0.234%$15.5M$4.6M100xas long as short
Phemex XAUUSDT+0.0381%4h4,361.1+0.149%$2.2M$1.1M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0394% / S −0.0199%1h4,357.1+0.058%$253K111xas long as short
HTX XAU-USDT+0.0523%4h4,362.7+0.186%$2.9M$3.9M75xas long as short