Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h −0.003%

Price spread now: tradeXYZ against Gate−0.099%7-day average −0.117% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$330.333% of the position

Long on Gate Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.098%+$10 on $10k

Price spread, last 7 days+0.007%+$1 · spread now −0.099%, 7d avg −0.117%

Together, before fees+0.106%+ Points / potential airdroptradeXYZ: Active · farm board+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.117%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAU_USDT	4,348.7	0.0006	pay 0.0003% / 4h	33m 22s	$267.8M	$412.2M	100x
Short	tradeXYZ xyz:GOLD	4,344.4	0.0050	get 0.0006% / 1h	33m 22s	$293.7M	$48.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.099%Rate

Funding earned: $9.24
Price spread: −0.099% → −0.117%: $1.75
Slippage, 4 orders: −$0.25
Fee Gate: 7.5 bp × 2 orders: −$15
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$22.26
Costs to cover: 0.333%
Break-even: 23.9 days

Slippage from Gate: live order book, 6 min ago; tradeXYZ: live order book, 7 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, 6 min ago	0.01 bp	7.5 bp −$8	9.4 bp −$94	13.0 bp −$1,300	14.4 bp −$7,210
Sell tradeXYZ live order book, 7 min ago	0.12 bp	9.1 bp −$9	9.3 bp −$93	11.3 bp −$1,132	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
RISEx XAU/USDC	0.0000%	1h	4,347.6	−0.027%	$3.4M	$12.3M	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,351.3	+0.059%	$92K	$9.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,343.8	−0.114%	$271K	—	250x	as long as short
Gate XAU_USDTlong	+0.0006%	4h	4,348.7	long leg	$267.8M	$412.2M	100x
Lighter XAU	+0.0032%	1h	4,346.4	−0.053%	$20.8M	$37.8M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,343.8	−0.112%	$13.3M	$38.5M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.039%	$619	$54	52x	as long as short
Lighter RH XAU	+0.0040%	1h	4,348.6	−0.003%	$20.1M	$39.2M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,347.3	−0.033%	$3.8M	$4.6M	40x	as long as short
QFEX GOLD-USD	+0.0041%	1h	4,347.4	−0.030%	$5.7M	$2.0M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXGOLDPERP	+0.0045%	24h	4,345.7	−0.069%	$4.2M	$37.2M	15x	as long as short
Vest GC-PERP	+0.0046%	1h	4,380.8	+0.738%	—	$1.1M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,343.1	−0.129%	$2.0M	$4.8M	25x	as long as short
tradeXYZ xyz:GOLDshort	+0.0050%	1h	4,344.4	−0.099%	$293.7M	$48.7M	25x
Ondo Perps XAU-USD.P	+0.0050%	1h	4,344.4	−0.100%	$15.1M	$56.8M	25x	as long as short
Aster XAUUSD1	+0.0064%	4h	4,348.4	−0.009%	$71.0M	$333.7M	20x	as long as short
Variational Omni XAU	+0.0080%	4h	4,346.7	−0.047%	$48.5M	$27.8M	—	as long as short
Paradex XAU-USD-PERP	+0.0085%	8h	4,347.8	−0.021%	$19K	$5K	5x	as long as short
GRVT XAU_USDT_Perp	+0.0086%	4h	4,346.6	−0.048%	$1.4M	$2.9M	25x	as long as short
MEXC XAU_USDT	+0.0092%	4h	4,347.9	−0.020%	$373.2M	$317.6M	1000x	as long as short
Binance XAUUSDT	+0.0093%	4h	4,347.8	−0.020%	$414.0M	$2.09B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,343.8	−0.113%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,343.5	−0.121%	$274K	$203K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,347	−0.039%	$161K	$87	10x	as long as short
edgeX XAUUSDC	+0.0110%	4h	4,341.5	−0.167%	$30.2M	$58.3M	50x	as long as short
Phoenix GOLD	+0.0142%	1h	4,347.3	−0.033%	$47K	$77K	25x	as long as short
Hotstuff GOLD-PERP	+0.0144%	1h	4,344.4	−0.099%	$33K	—	25x	as long as short
Polymarket Perps GOLD-USD	+0.0151%	1h	4,347.2	−0.035%	$4.3M	$1.9M	20x	as long as short
Bluefin GOLD-PERP	+0.0171%	1h	4,340.5	−0.190%	$25K	$14K	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0194%	1h	4,344	−0.108%	$592K	$132K	25x	as long as short
Bullet GOLD-USD	+0.0199%	1h	4,347.8	−0.020%	$59K	$82K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0210%	1h	4,345.4	−0.076%	$243K	$789K	25x	as long as short
Phemex XAUUSDT	+0.0217%	4h	4,349.8	+0.025%	$2.2M	$967K	100x	as long as short
Bitget XAUUSDT	+0.0234%	4h	4,348.1	−0.015%	$70.0M	$109.2M	100x	as long as short
Bybit XAUUSDT	+0.0240%	4h	4,348.9	+0.003%	$85.0M	$144.8M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0286%	8h	4,348.9	+0.004%	$165.6M	$281.8M	100x	as long as short
BloFin XAU-USDT	+0.0344%	4h	4,346.1	−0.060%	$15.6M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0413% / S −0.0231%	1h	4,347.8	−0.020%	$248K	—	111x	as long as short
HTX XAU-USDT	+0.0625%	4h	4,351.6	+0.066%	$2.9M	$4.3M	75x	as long as short