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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0278%/8h= +30.4% APRpaid last 24h +0.063%
Price spread now: Bitget against gTrade (Gains Network)+0.092%45s7-day average +0.100% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2792.794% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.087%+$9 on $10k
Price spread, last 4 days (all we have)−0.065%−$7 · spread now +0.092%, 7d avg +0.100%
Together, before fees+0.022%+$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.100%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.087% in total (about 9.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) XAU/USD4,346.7L +0.0002% / S −0.0003%pay 0.0000% / 1h44m 45s$272K250x
ShortBitget XAUUSDT4,350.80.0280get 0.0140% / 4h2h 44m$71.6M$107.9M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against gTrade (Gains Network). 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
$58.31
Price spread: +0.092% → +0.100%
−$0.79
Slippage, 4 orders
−$260.37
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$221.86
Costs to cover
2.794%
Break-even
33.6 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 34 min ago; Bitget: live order book, 4 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 gTrade (Gains Network) virtual book (oracle venue), 34 min ago130.01 bp133.5 bp −$134196.7 bp −$1,9671352.9 bp −$135.3K5907.8 bp −$2.95M
Sell Bitget live order book, 4 min ago0.01 bp6.0 bp −$67.1 bp −$7112.2 bp −$1,218doesn't fit

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−0.0046%1h4,344.4−0.053%$25K$14K20xas long as short
SunX XAU-USDT0.0000%4h4,354.9+0.188%$93K$8.5M20xas long as short
gTrade (Gains Network) XAU/USDlongL +0.0002% / S −0.0003%1h4,346.7long leg$272K250x
Hotstuff GOLD-PERP+0.0008%1h4,347.4+0.015%$33K25xas long as short
Extended XAU-USD+0.0032%1h4,346.3−0.010%$13.2M$37.3M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.085%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,351.3+0.105%$3.8M$4.5M40xas long as short
QFEX GOLD-USD+0.0044%1h4,348.9+0.050%$5.5M$2.1M20xas long as short
Vest GC-PERP+0.0046%1h4,383.4+0.843%$1.0M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,347.1+0.008%$293.7M$49.5M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps XAU-USD.P+0.0050%1h4,346.6−0.004%$15.1M$56.7M25xas long as short
RISEx XAU/USDC+0.0054%1h4,350.8+0.093%$3.7M$12.5M25xas long as short
Kalshi KXGOLDPERP+0.0055%24h4,349.5+0.063%$4.2M$39.4M15xas long as short
Lighter XAU+0.0056%1h4,349.4+0.060%$20.7M$30.4M25xas long as short
Paradex XAU-USD-PERP+0.0070%8h4,350.2+0.080%$19K$5K5xas long as short
Gate XAU_USDT+0.0072%4h4,351.7+0.115%$271.8M$397.7M100xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,348.6+0.043%$2.1M$4.7M25xas long as short
Bybit XAUUSDT+0.0075%4h4,351.3+0.105%$80.2M$151.7M150xas long as short
Pacifica XAU+0.0100%1h4,346.5−0.005%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,347+0.005%$277K$204K50xas long as short
Aster XAUUSD1+0.0105%4h4,352.3+0.129%$71.6M$331.1M20xas long as short
Variational Omni XAU+0.0107%4h4,349.4+0.061%$48.5M$27.6Mas long as short
Lighter RH XAU+0.0112%1h4,351.7+0.114%$20.1M$38.2M25xas long as short
Aevo XAU-PERP+0.0112%1h4,349.5+0.064%$161K$8710xas long as short
MEXC XAU_USDT+0.0118%4h4,350.2+0.080%$370.1M$318.0M1000xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0118%1h4,349.2+0.057%$203K$822K25xas long as short
Binance XAUUSDT+0.0118%4h4,350.2+0.080%$418.8M$2.09B100xas long as short
edgeX XAUUSDC+0.0119%4h4,346.1−0.014%$30.2M$58.2M50xas long as short
GRVT XAU_USDT_Perp+0.0120%4h4,350.4+0.085%$1.4M$2.9M25xas long as short
Phoenix GOLD+0.0127%1h4,347.4+0.015%$47K$77K25xas long as short
Bullet GOLD-USD+0.0158%1h4,350.5+0.087%$59K$82K10xas long as short
Polymarket Perps GOLD-USD+0.0168%1h4,350.3+0.082%$4.3M$2.0M20xas long as short
Phemex XAUUSDT+0.0197%4h4,352.9+0.142%$2.2M$967K100xas long as short
Kraken Futures PF_XAUUSD+0.0246%1h4,347.4+0.014%$591K$128K25xas long as short
HTX XAU-USDT+0.0261%4h4,352.4+0.129%$2.8M$4.6M75xas long as short
Bitget XAUUSDTshort+0.0280%4h4,350.8+0.092%$71.6M$107.9M100x
OKX XAU-USDT-SWAP+0.0336%8h4,351.8+0.116%$168.3M$282.2M100xas long as short
BloFin XAU-USDT+0.0370%4h4,349.3+0.058%$15.9M$4.4M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0428% / S −0.0252%1h4,350.6+0.089%$251K111xas long as short