Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0075%/8h= −8.3% APRpaid last 24h −0.063%

Price spread now: Gate against Deribit+0.064%7-day average +0.136% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$270.271% of the position

Long on Deribit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.764%−$76 on $10k

Price spread, last 4 days (all we have)+0.089%+$9 · spread now +0.064%, 7d avg +0.136%

Together, before fees−0.676%−$68 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.072% cheaper against Deribit than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.136%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit GOLD_USDC-PERPETUAL	4,305.8	0.0191	pay 0.0024% / 1h	5m 01s	$136K	$865K	25x
Short	Gate XAU_USDT	4,308.6	0.0116	get 0.0058% / 4h	5m 01s	$286.2M	$431.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Deribit. 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 DeribitbpFee GatebpOrdersPrice spread, now +0.064%Rate

Funding earned: −$15.85
Price spread: +0.064% → +0.136%: −$7.19
Slippage, 4 orders: −$5.06
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$50.09
Costs to cover: 0.271%
Break-even: never at this rate

Slippage from Deribit: live order book, 34 min ago; Gate: live order book, 4 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 Deribit live order book, 34 min ago	0.12 bp	3.6 bp −$4	4.8 bp −$48	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	0.01 bp	7.5 bp −$8	7.6 bp −$76	12.5 bp −$1,255	14.3 bp −$7,158

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
SunX XAU-USDT	0.0000%	4h	4,311	+0.121%	$92K	$7.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,302.9	−0.066%	$268K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+1.036%	$619	$54	52x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,305.2	−0.014%	$6.3M	$3.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,338.9	+0.769%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,303.4	−0.056%	$289.7M	$52.9M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,303.5	−0.054%	$15.0M	$55.3M	25x	as long as short
Hotstuff GOLD-PERP	+0.0056%	1h	4,302.6	−0.074%	$32K	—	25x	as long as short
Aster XAUUSD1	+0.0057%	4h	4,307.2	+0.032%	$72.8M	$272.0M	20x	as long as short
Paradex XAU-USD-PERP	+0.0062%	8h	4,305.5	−0.006%	$2K	$14K	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit XAUUSDT	+0.0071%	4h	4,306.7	+0.022%	$77.2M	$155.5M	150x	as long as short
Lighter XAU	+0.0072%	1h	4,305.6	−0.004%	$20.2M	$30.2M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,301.8	−0.093%	$2.0M	$5.1M	25x	as long as short
Bluefin GOLD-PERP	+0.0076%	1h	4,302.3	−0.082%	$25K	$1K	20x	as long as short
Phoenix GOLD	+0.0096%	1h	4,305.5	−0.007%	$42K	$79K	25x	as long as short
Kalshi KXGOLDPERP	+0.0100%	24h	4,308	+0.051%	$3.7M	$45.4M	15x	as long as short
Pacifica XAU	+0.0100%	1h	4,303.3	−0.058%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,304	−0.043%	$269K	$214K	50x	as long as short
Variational Omni XAU	+0.0101%	4h	4,306.5	+0.017%	$46.7M	$29.3M	—	as long as short
Lighter RH XAU	+0.0104%	1h	4,308.1	+0.053%	$19.9M	$40.3M	25x	as long as short
Extended XAU-USD	+0.0104%	1h	4,303	−0.064%	$13.2M	$36.6M	25x	as long as short
MEXC XAU_USDT	+0.0110%	4h	4,306.7	+0.020%	$366.2M	$341.8M	1000x	as long as short
Binance XAUUSDT	+0.0111%	4h	4,306.1	+0.007%	$428.9M	$2.16B	100x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,306.5	+0.016%	$159K	$87	10x	as long as short
GRVT XAU_USDT_Perp	+0.0114%	4h	4,308	+0.051%	$1.4M	$3.0M	25x	as long as short
Gate XAU_USDTshort	+0.0116%	4h	4,308.6	+0.064%	$286.2M	$431.4M	100x
edgeX XAUUSDC	+0.0130%	4h	4,304.2	−0.038%	$29.9M	$60.3M	50x	as long as short
StandX XAU-USD	+0.0136%	1h	4,310	+0.098%	$3.8M	$4.5M	40x	as long as short
Bitget XAUUSDT	+0.0190%	4h	4,306.5	+0.017%	$70.4M	$121.5M	100x	as long as short
Deribit GOLD_USDC-PERPETUALlong	+0.0191%	1h	4,305.8	long leg	$136K	$865K	25x
Bullet GOLD-USD	+0.0199%	1h	4,307.2	+0.033%	$59K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0222%	1h	4,307.2	+0.033%	$4.3M	$1.8M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0229%	1h	4,304.3	−0.036%	$573K	$138K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0261%	8h	4,306	+0.005%	$174.3M	$307.4M	100x	as long as short
BloFin XAU-USDT	+0.0369%	4h	4,306.5	+0.015%	$16.6M	$5.0M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0464% / S −0.0311%	1h	4,306.7	+0.020%	$253K	—	111x	as long as short
Phemex XAUUSDT	+0.0497%	4h	4,311	+0.122%	$2.2M	$951K	100x	as long as short
HTX XAU-USDT	+0.0544%	4h	4,313.3	+0.175%	$3.2M	$6.1M	75x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,306.7	+0.021%	$4.5M	$13.1M	25x	as long as short