Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h +0.004%

Price spread now: StandX against Gate+0.109%49s7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$290.286% of the position

Long on Gate Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 7 days−0.139%−$14 · spread now +0.109%, 7d avg −0.013%

Together, before fees−0.079%+ Points / potential airdropStandX: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. StandX is 0.122% dearer against Gate than usual: you sell high and buy low (spread +0.109% now, against its 7-day average of −0.013%): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 20 days. Mind the row above: over the last 7 days funding on this pair paid +0.060%, so the current rate has only just turned against you. The two prices were read 49 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	Gate XAU_USDT	4,315.1	0.0116	pay 0.0058% / 4h	9m 41s	$286.3M	$428.1M	100x
Short	StandX XAU-USD	4,319.8	0.0096	get 0.0012% / 1h	9m 41s	$3.8M	$4.5M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX against Gate. 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 GatebpFee StandXbpOrdersPrice spread, now +0.109%Rate

Funding earned: −$4.27
Price spread: +0.109% → −0.013%: $12.19
Slippage, 4 orders: −$5.6
Fee Gate: 7.5 bp × 2 orders: −$15
Fee StandX: 4 bp × 2 orders: −$8
Net: −$20.67
Costs to cover: 0.286%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; StandX: 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 Gate live order book, 4 min ago	0.01 bp	7.5 bp −$8	7.8 bp −$78	11.9 bp −$1,190	14.2 bp −$7,076
Sell StandX live order book, 4 min ago	0.12 bp	8.5 bp −$8	9.8 bp −$98	10.5 bp −$1,047	11.6 bp −$5,803

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
Hotstuff GOLD-PERP	−0.0032%	1h	4,309.9	−0.121%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,320.5	+0.126%	$92K	$7.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,313	−0.050%	$269K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.819%	$619	$54	52x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,312.9	−0.051%	$5.7M	$2.7M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,349.5	+0.797%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,310.1	−0.116%	$290.4M	$51.6M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,309.4	−0.133%	$15.0M	$55.4M	25x	as long as short
Bluefin GOLD-PERP	+0.0055%	1h	4,311	−0.094%	$25K	$1K	20x	as long as short
Aster XAUUSD1	+0.0058%	4h	4,315.3	+0.005%	$72.9M	$271.8M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XAU-USD-PERP	+0.0062%	8h	4,312.9	−0.050%	$2K	$14K	5x	as long as short
Bybit XAUUSDT	+0.0069%	4h	4,314.2	−0.021%	$77.8M	$153.7M	150x	as long as short
Lighter XAU	+0.0072%	1h	4,312.6	−0.059%	$20.3M	$30.1M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,312.8	−0.053%	$2.0M	$5.1M	25x	as long as short
StandX XAU-USDshort	+0.0096%	1h	4,319.8	+0.109%	$3.8M	$4.5M	40x
Phoenix GOLD	+0.0096%	1h	4,315.7	+0.014%	$42K	$79K	25x	as long as short
Kalshi KXGOLDPERP	+0.0098%	24h	4,318.2	+0.072%	$3.6M	$45.0M	15x	as long as short
Variational Omni XAU	+0.0100%	4h	4,316.5	+0.032%	$47.1M	$29.0M	—	as long as short
Pacifica XAU	+0.0100%	1h	4,310.8	−0.100%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,315.6	+0.011%	$272K	$209K	50x	as long as short
Lighter RH XAU	+0.0104%	1h	4,315	−0.003%	$19.9M	$40.1M	25x	as long as short
Extended XAU-USD	+0.0104%	1h	4,309.7	−0.126%	$13.2M	$36.7M	25x	as long as short
MEXC XAU_USDT	+0.0110%	4h	4,313.4	−0.040%	$362.4M	$336.3M	1000x	as long as short
Binance XAUUSDT	+0.0110%	4h	4,313.4	−0.038%	$429.2M	$2.14B	100x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,316.4	+0.031%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0112%	4h	4,309.9	−0.120%	$30.0M	$60.5M	50x	as long as short
GRVT XAU_USDT_Perp	+0.0114%	4h	4,319.3	+0.098%	$1.4M	$3.0M	25x	as long as short
Gate XAU_USDTlong	+0.0116%	4h	4,315.1	long leg	$286.3M	$428.1M	100x
Bitget XAUUSDT	+0.0190%	4h	4,313	−0.050%	$70.4M	$120.0M	100x	as long as short
Bullet GOLD-USD	+0.0201%	1h	4,316.9	+0.042%	$59K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0222%	1h	4,317.7	+0.060%	$4.3M	$1.8M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0228%	1h	4,314.1	−0.022%	$574K	$138K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0237%	1h	4,315.8	+0.016%	$160K	$877K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0266%	8h	4,314.2	−0.021%	$175.2M	$302.8M	100x	as long as short
BloFin XAU-USDT	+0.0351%	4h	4,317.1	+0.047%	$16.6M	$4.9M	100x	as long as short
Phemex XAUUSDT	+0.0414%	4h	4,319.3	+0.097%	$2.2M	$949K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0466% / S −0.0312%	1h	4,316.5	+0.032%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.0529%	4h	4,323.7	+0.199%	$3.2M	$6.0M	75x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,313.3	−0.042%	$4.5M	$13.2M	25x	as long as short