Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0367%/8h= +40.1% APRpaid last 24h +0.107%

Price spread now: BloFin against gTrade (Gains Network)+0.086%50s7-day average +0.100% · 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—prices read too far apart to compare

costs, in and out, $10k−$2792.794% of the position

Long on gTrade (Gains Network)Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.293%+$29 on $10k

Price spread, last 4 days (all we have)+0.088%+$9 · spread now +0.086%, 7d avg +0.100%

Together, before fees+0.381%+$38 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: +$11 a day on $10k at the current rate. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XAU/USD	4,302.7	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	4m 05s	$268K	—	250x
Short	BloFin XAU-USDT	4,306.5	0.0369	get 0.0184% / 4h	4m 05s	$16.6M	$5.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee BloFinbpOrdersPrice spread, now +0.086%Rate

Funding earned: $76.97
Price spread: +0.086% → +0.100%: −$1.38
Slippage, 4 orders: −$260.42
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$203.82
Costs to cover: 2.794%
Break-even: 25.5 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 65 min ago; BloFin: live order book, 5 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 gTrade (Gains Network) virtual book (oracle venue), 65 min ago	130.01 bp	133.5 bp −$134	196.7 bp −$1,967	1352.9 bp −$135.3K	5907.8 bp −$2.95M
Sell BloFin live order book, 5 min ago	0.01 bp	6.4 bp −$6	6.4 bp −$64	8.6 bp −$855	doesn't fit

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	4,310.6	+0.183%	$92K	$7.0M	20x	as long as short
gTrade (Gains Network) XAU/USDlong	L +0.0002% / S −0.0003%	1h	4,302.7	long leg	$268K	—	250x
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+1.108%	$619	$54	52x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,305.2	+0.057%	$6.6M	$3.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,338.4	+0.829%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,302.9	+0.004%	$289.7M	$52.9M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,302.9	+0.004%	$15.0M	$55.3M	25x	as long as short
Hotstuff GOLD-PERP	+0.0056%	1h	4,303.4	+0.015%	$32K	—	25x	as long as short
Aster XAUUSD1	+0.0057%	4h	4,307.9	+0.120%	$72.8M	$271.9M	20x	as long as short
Paradex XAU-USD-PERP	+0.0062%	8h	4,305.6	+0.066%	$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	4,307.2	+0.103%	$77.2M	$155.6M	150x	as long as short
Lighter XAU	+0.0072%	1h	4,305.6	+0.066%	$20.2M	$30.2M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,303.4	+0.015%	$2.0M	$5.1M	25x	as long as short
Bluefin GOLD-PERP	+0.0082%	1h	4,302.1	−0.016%	$25K	$1K	20x	as long as short
Phoenix GOLD	+0.0096%	1h	4,305.5	+0.064%	$42K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,303.2	+0.011%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,304	+0.028%	$269K	$214K	50x	as long as short
Kalshi KXGOLDPERP	+0.0100%	24h	4,308.3	+0.129%	$3.7M	$45.5M	15x	as long as short
Variational Omni XAU	+0.0101%	4h	4,306.5	+0.088%	$46.7M	$29.3M	—	as long as short
Lighter RH XAU	+0.0104%	1h	4,308.1	+0.125%	$19.9M	$40.3M	25x	as long as short
Extended XAU-USD	+0.0104%	1h	4,302.4	−0.008%	$13.1M	$36.7M	25x	as long as short
MEXC XAU_USDT	+0.0110%	4h	4,306.7	+0.091%	$367.7M	$342.3M	1000x	as long as short
Binance XAUUSDT	+0.0111%	4h	4,306.5	+0.088%	$428.9M	$2.16B	100x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,306.1	+0.078%	$159K	$87	10x	as long as short
GRVT XAU_USDT_Perp	+0.0114%	4h	4,308	+0.122%	$1.4M	$3.0M	25x	as long as short
Gate XAU_USDT	+0.0116%	4h	4,308.6	+0.135%	$287.4M	$432.3M	100x	as long as short
edgeX XAUUSDC	+0.0130%	4h	4,304.2	+0.033%	$29.9M	$60.3M	50x	as long as short
StandX XAU-USD	+0.0149%	1h	4,310	+0.169%	$3.8M	$4.5M	40x	as long as short
Bitget XAUUSDT	+0.0190%	4h	4,306.5	+0.088%	$70.4M	$121.6M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0192%	1h	4,305.2	+0.057%	$136K	$865K	25x	as long as short
Bullet GOLD-USD	+0.0199%	1h	4,306.8	+0.093%	$59K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0222%	1h	4,306.8	+0.094%	$4.3M	$1.8M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0229%	1h	4,304.1	+0.032%	$572K	$138K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0260%	8h	4,306	+0.076%	$174.2M	$307.7M	100x	as long as short
BloFin XAU-USDTshort	+0.0369%	4h	4,306.5	+0.086%	$16.6M	$5.0M	100x
GMX GOLD/USD [ETH-USDC]	L +0.0464% / S −0.0311%	1h	4,306.5	+0.088%	$253K	—	111x	as long as short
Phemex XAUUSDT	+0.0497%	4h	4,311.4	+0.200%	$2.2M	$951K	100x	as long as short
HTX XAU-USDT	+0.0545%	4h	4,312.6	+0.230%	$3.2M	$6.1M	75x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,306.6	+0.089%	$4.5M	$13.1M	25x	as long as short