Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h −0.005%

Price spread now: RISEx against MEXC−0.005%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$110.114% of the position

Long on MEXC Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.011%+$1 on $10k

Price spread, last 7 days+0.014%+$1 · spread now −0.005%, 7d avg +0.001%

Together, before fees+0.025%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.001%, 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	MEXC XAU_USDT	4,348.7	0.0092	pay 0.0046% / 4h	32m 38s	$372.9M	$317.8M	1000x
Short	RISEx XAU/USDC	4,348.5	0	get 0.0000% / 1h	32m 38s	$3.4M	$12.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against MEXC. 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 MEXCbpFee RISExbpOrdersPrice spread, now −0.005%Rate

Funding earned: −$19.32
Price spread: −0.005% → +0.001%: −$0.65
Slippage, 4 orders: −$1.44
Fee MEXC: 2 bp × 2 orders: −$4
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$31.42
Costs to cover: 0.114%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; RISEx: live order book, 2 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 MEXC live order book, 2 min ago	0.04 bp	2.1 bp −$2	2.4 bp −$24	10.0 bp −$1,001	29.8 bp −$14.9K
Sell RISEx live order book, 2 min ago	0.01 bp	3.0 bp −$3	3.4 bp −$34	38.3 bp −$3,826	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/USDCshort	0.0000%	1h	4,348.5	−0.005%	$3.4M	$12.3M	25x
SunX XAU-USDT	0.0000%	4h	4,352	+0.076%	$92K	$9.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,343.8	−0.113%	$271K	—	250x	as long as short
Gate XAU_USDT	+0.0006%	4h	4,349.4	+0.016%	$267.9M	$412.3M	100x	as long as short
Lighter XAU	+0.0032%	1h	4,347.3	−0.032%	$20.8M	$37.8M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,344.6	−0.094%	$13.3M	$38.6M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.040%	$619	$54	52x	as long as short
Lighter RH XAU	+0.0040%	1h	4,349.4	+0.016%	$20.1M	$39.2M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,347.3	−0.032%	$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	4,345.8	−0.066%	$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	4,345.1	−0.083%	$2.0M	$4.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,344.8	−0.089%	$293.8M	$48.7M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,345.8	−0.066%	$15.1M	$56.9M	25x	as long as short
Aster XAUUSD1	+0.0063%	4h	4,348.2	−0.011%	$71.0M	$333.7M	20x	as long as short
Variational Omni XAU	+0.0080%	4h	4,346.7	−0.046%	$48.5M	$27.8M	—	as long as short
Paradex XAU-USD-PERP	+0.0084%	8h	4,348.2	−0.011%	$19K	$5K	5x	as long as short
GRVT XAU_USDT_Perp	+0.0086%	4h	4,346.6	−0.047%	$1.4M	$2.9M	25x	as long as short
MEXC XAU_USDTlong	+0.0092%	4h	4,348.7	long leg	$372.9M	$317.8M	1000x
Binance XAUUSDT	+0.0093%	4h	4,348.2	−0.011%	$414.0M	$2.09B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,345.1	−0.083%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,343.5	−0.120%	$274K	$203K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,347	−0.038%	$161K	$87	10x	as long as short
edgeX XAUUSDC	+0.0110%	4h	4,341.5	−0.166%	$30.2M	$58.3M	50x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0118%	1h	4,345.6	−0.071%	$243K	$789K	25x	as long as short
Phoenix GOLD	+0.0142%	1h	4,347.3	−0.032%	$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	−0.034%	$4.3M	$1.9M	20x	as long as short
Bluefin GOLD-PERP	+0.0171%	1h	4,340.5	−0.189%	$25K	$14K	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0194%	1h	4,344.5	−0.095%	$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
Phemex XAUUSDT	+0.0212%	4h	4,350.2	+0.034%	$2.2M	$967K	100x	as long as short
Bitget XAUUSDT	+0.0234%	4h	4,347.9	−0.018%	$70.0M	$109.2M	100x	as long as short
Bybit XAUUSDT	+0.0240%	4h	4,350.2	+0.035%	$85.1M	$144.8M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0286%	8h	4,350	+0.030%	$165.6M	$281.8M	100x	as long as short
BloFin XAU-USDT	+0.0340%	4h	4,347.7	−0.023%	$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	+0.0624%	4h	4,352	+0.077%	$2.9M	$4.3M	75x	as long as short