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+0.0082%/8h= +9.0% APRnext payment +$0.10 per $10,000 · paid last 24h −0.007%
Price spread now: Ondo Perps against Coinbase International−0.061%7-day average −0.021% · 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 7 days−0.447%−$45 on $10k
Price spread, last 4 days (all we have)−0.015%−$1 · spread now −0.061%, 7d avg −0.021%
Together, before fees−0.462%+ Points / potential airdropOndo Perps: Active · farm board−$46 on $10k · with fees, hour by hour
Funding pays, the price is against you. Ondo Perps is 0.040% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.061% now, against its 7-day average of −0.021%). If the spread goes back, that is −$4 on $10k: about 39 hours of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.447%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International GOLD-PERP-INTX4,322.2−0.0032get 0.0004% / 1h56m 41s$2.1M$5.0M25x
ShortOndo Perps XAU-USD.P4,319.60.0050get 0.0006% / 1h56m 41s$15.2M$59.2M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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
$17.3
Price spread: −0.061% → −0.021%
−$3.97
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$1.66
Costs to cover
0.150%
Break-even
7.7 days
Slippage unknown: Coinbase International: live order book, 5 min ago; Ondo Perps: 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, 5 min ago0.12 bp5.1 bp −$57.6 bp −$7638.8 bp −$3,883doesn't fit
Sell Ondo Perps no order-book sample
Ondo Perps: 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 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%1h4,321.9−0.007%$35K$3K25xas long as short
Coinbase International GOLD-PERP-INTXlong−0.0032%1h4,322.2long leg$2.1M$5.0M25x
SunX XAU-USDT0.0000%4h4,329.5+0.168%$92K$5.6M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0002%1h4,320.9−0.031%$307K250xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.653%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,326.5+0.099%$3.8M$4.5M40xas long as short
QFEX GOLD-USD+0.0042%1h4,322.20.000%$6.7M$3.3M20xas long as short
Aster XAUUSD1+0.0042%4h4,325.4+0.075%$71.5M$276.6M20xas long as short
Vest GC-PERP+0.0046%1h4,358.1+0.831%$1.0M25xas long as short
Ondo Perps XAU-USD.Pshort+0.0050%1h4,319.6−0.061%$15.2M$59.2M25x
Show all 39 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex XAU-USD-PERP+0.0055%8h4,322.4+0.005%$2K$13K5xas long as short
RISEx XAU/USDC+0.0062%1h4,323.8+0.037%$4.6M$13.3M25xas long as short
Variational Omni XAU+0.0066%4h4,327.9+0.131%$47.2M$27.9Mas long as short
Gate XAU_USDT+0.0068%4h4,325.4+0.074%$299.1M$431.2M100xas long as short
tradeXYZ xyz:GOLD+0.0074%1h4,322.3+0.002%$292.0M$51.9M25xas long as short
MEXC XAU_USDT+0.0080%4h4,323.9+0.040%$362.7M$347.8M1000xas long as short
Binance XAUUSDT+0.0082%4h4,324+0.043%$440.8M$2.42B100xas long as short
Lighter XAU+0.0088%1h4,322.8+0.014%$20.1M$29.9M25xas long as short
edgeX XAUUSDC+0.0089%4h4,323.4+0.027%$30.2M$66.2M50xas long as short
GRVT XAU_USDT_Perp+0.0090%4h4,329.2+0.163%$1.4M$3.1M25xas long as short
Pacifica XAU+0.0100%1h4,320.9−0.030%$1.4M$1.4M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,325.8+0.082%$287K$227K50xas long as short
Bluefin GOLD-PERP+0.0100%1h4,320.7−0.034%$25K$1K20xas long as short
Aevo XAU-PERP+0.0104%1h4,323.7+0.035%$160K$8710xas long as short
Phoenix GOLD+0.0127%1h4,324.1+0.044%$43K$71K25xas long as short
Lighter RH XAU+0.0144%1h4,325.4+0.073%$19.5M$38.9M25xas long as short
Kalshi KXGOLDPERP+0.0145%24h4,325.3+0.072%$3.5M$51.5M15xas long as short
Bybit XAUUSDT+0.0154%4h4,324.8+0.059%$83.0M$167.0M150xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0190%1h4,323.4+0.028%$135K$659K25xas long as short
Kraken Futures PF_XAUUSD+0.0197%1h4,322−0.006%$582K$166K25xas long as short
Extended XAU-USD+0.0200%1h4,319.7−0.058%$12.5M$34.1M25xas long as short
Bitget XAUUSDT+0.0200%4h4,323.8+0.037%$73.0M$140.2M100xas long as short
Phemex XAUUSDT+0.0212%4h4,328.8+0.152%$2.3M$733K100xas long as short
Bullet GOLD-USD+0.0215%1h4,325.3+0.072%$59K$77K10xas long as short
Polymarket Perps GOLD-USD+0.0220%1h4,325.1+0.067%$4.3M$1.7M20xas long as short
OKX XAU-USDT-SWAP+0.0226%8h4,324.2+0.046%$171.0M$361.3M100xas long as short
BloFin XAU-USDT+0.0321%4h4,325.5+0.076%$16.5M$5.2M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0426% / S −0.0258%1h4,325.3+0.072%$253K111xas long as short
HTX XAU-USDT+0.1028%4h4,332.5+0.237%$3.2M$7.1M75xas long as short