Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0104%/8h= +11.3% APRpaid last 24h +0.013%

Price spread now: Gate against gTrade (Gains Network)+0.133%7-day average +0.126% · 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−$281as in the Price arb table

costs, in and out, $10k−$2822.820% of the position

Long on gTrade (Gains Network)Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.017%+$2 on $10k

Price spread, last 4 days (all we have)−0.066%−$7 · spread now +0.133%, 7d avg +0.126%

Together, before fees−0.048%−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.126%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XAU/USD	4,322.7	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	34m 23s	$270K	—	250x
Short	Gate XAU_USDT	4,328.5	0.0106	get 0.0053% / 4h	34m 23s	$285.1M	$415.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.133%Rate

Funding earned: $21.76
Price spread: +0.133% → +0.126%: $0.77
Slippage, 4 orders: −$260.05
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$259.51
Costs to cover: 2.820%
Break-even: 90.5 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 35 min ago; Gate: 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), 35 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 Gate live order book, 5 min ago	0.01 bp	7.5 bp −$8	8.4 bp −$84	12.8 bp −$1,284	14.3 bp −$7,148

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
Bluefin GOLD-PERP	−0.0105%	1h	4,320.7	−0.048%	$25K	$1K	20x	as long as short
Hotstuff GOLD-PERP	−0.0096%	1h	4,322.4	−0.008%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,330.3	+0.176%	$92K	$7.3M	20x	as long as short
gTrade (Gains Network) XAU/USDlong	L +0.0002% / S −0.0003%	1h	4,322.7	long leg	$270K	—	250x
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.641%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,327.2	+0.103%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,324.6	+0.043%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,358.4	+0.825%	—	$1.0M	25x	as long as short
Bybit XAUUSDT	+0.0049%	4h	4,327.9	+0.119%	$77.6M	$153.2M	150x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,323	+0.006%	$291.8M	$51.5M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,321.5	−0.030%	$15.0M	$55.6M	25x	as long as short
Aster XAUUSD1	+0.0056%	4h	4,327.4	+0.109%	$72.9M	$272.0M	20x	as long as short
Lighter XAU	+0.0064%	1h	4,324.9	+0.051%	$20.3M	$29.1M	25x	as long as short
Paradex XAU-USD-PERP	+0.0066%	8h	4,325.1	+0.056%	$2K	$14K	5x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,322.9	+0.004%	$2.1M	$4.8M	25x	as long as short
Variational Omni XAU	+0.0089%	4h	4,324.9	+0.050%	$47.2M	$29.3M	—	as long as short
Kalshi KXGOLDPERP	+0.0092%	24h	4,327.3	+0.106%	$3.8M	$44.6M	15x	as long as short
Phoenix GOLD	+0.0096%	1h	4,323.8	+0.025%	$47K	$79K	25x	as long as short
MEXC XAU_USDT	+0.0098%	4h	4,326.2	+0.080%	$364.0M	$327.3M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0098%	4h	4,326.6	+0.089%	$1.4M	$3.1M	25x	as long as short
Binance XAUUSDT	+0.0100%	4h	4,326.8	+0.095%	$425.3M	$2.13B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,322.4	−0.008%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,324.5	+0.040%	$272K	$208K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,324.9	+0.050%	$160K	$87	10x	as long as short
Gate XAU_USDTshort	+0.0106%	4h	4,328.5	+0.133%	$285.1M	$415.9M	100x
edgeX XAUUSDC	+0.0117%	4h	4,323.1	+0.008%	$30.1M	$59.6M	50x	as long as short
Lighter RH XAU	+0.0120%	1h	4,327.6	+0.113%	$20.0M	$39.1M	25x	as long as short
Extended XAU-USD	+0.0128%	1h	4,321.8	−0.020%	$13.2M	$36.8M	25x	as long as short
Bitget XAUUSDT	+0.0194%	4h	4,326.1	+0.078%	$70.2M	$118.6M	100x	as long as short
Bullet GOLD-USD	+0.0204%	1h	4,326	+0.076%	$58K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0219%	1h	4,326.2	+0.080%	$4.3M	$1.9M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0228%	1h	4,323	+0.007%	$578K	$135K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0236%	1h	4,324.2	+0.034%	$163K	$870K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0276%	8h	4,326.8	+0.094%	$173.8M	$299.3M	100x	as long as short
BloFin XAU-USDT	+0.0339%	4h	4,325.8	+0.070%	$16.4M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0362%	4h	4,328.9	+0.144%	$2.2M	$975K	100x	as long as short
HTX XAU-USDT	+0.0411%	4h	4,331.9	+0.211%	$3.2M	$5.9M	75x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0463% / S −0.0307%	1h	4,326	+0.076%	$253K	—	111x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,326.1	+0.078%	$4.6M	$13.3M	25x	as long as short