Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0034%/8h= −3.7% APRpaid last 24h −0.023%

Price spread now: StandX against MEXC−0.026%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$180.182% of the position

Long on MEXC Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$7 on $10k

Price spread, last 7 days+0.038%+$4 · spread now −0.026%, 7d avg +0.015%

Together, before fees−0.027%+ Points / potential airdropStandX: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and StandX is 0.041% cheaper against MEXC than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.015%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XAU_USDT	4,357.5	0.0074	pay 0.0037% / 4h	1h 25m	$372.4M	$318.8M	1000x
Short	StandX XAU-USD	4,356.4	0.0040	get 0.0005% / 1h	25m 48s	$3.8M	$4.6M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.026%Rate

Funding earned: −$7.14
Price spread: −0.026% → +0.015%: −$4.09
Slippage, 4 orders: −$6.22
Fee MEXC: 2 bp × 2 orders: −$4
Fee StandX: 4 bp × 2 orders: −$8
Net: −$29.45
Costs to cover: 0.182%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; StandX: live order book, 3 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, 3 min ago	0.03 bp	2.0 bp −$2	2.0 bp −$20	6.2 bp −$621	25.0 bp −$12.5K
Sell StandX live order book, 3 min ago	1.95 bp	6.0 bp −$6	6.3 bp −$63	9.6 bp −$960	12.5 bp −$6,232

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	4,361.9	+0.099%	$93K	$9.2M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,352.6	−0.112%	$267K	—	250x	as long as short
Gate XAU_USDT	+0.0008%	4h	4,358.5	+0.022%	$264.9M	$412.4M	100x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,356.7	−0.018%	$3.4M	$12.4M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,353.7	−0.088%	$13.6M	$39.0M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.163%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0039%	24h	4,354.7	−0.065%	$4.1M	$37.0M	15x	as long as short
StandX XAU-USDshort	+0.0040%	1h	4,356.4	−0.026%	$3.8M	$4.6M	40x
Aster XAUUSD1	+0.0043%	4h	4,357.8	+0.005%	$70.5M	$333.9M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,389.7	+0.738%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USD	+0.0046%	1h	4,355.8	−0.039%	$5.6M	$1.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,352.2	−0.122%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,354.3	−0.074%	$294.2M	$48.8M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,353.8	−0.084%	$15.1M	$57.3M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0052%	4h	4,353.7	−0.089%	$1.4M	$3.0M	25x	as long as short
Lighter XAU	+0.0056%	1h	4,355.4	−0.049%	$20.7M	$42.3M	25x	as long as short
Variational Omni XAU	+0.0057%	4h	4,355.6	−0.043%	$48.3M	$27.9M	—	as long as short
Lighter RH XAU	+0.0064%	1h	4,358.3	+0.018%	$20.2M	$39.7M	25x	as long as short
MEXC XAU_USDTlong	+0.0074%	4h	4,357.5	long leg	$372.4M	$318.8M	1000x
Binance XAUUSDT	+0.0074%	4h	4,357.5	0.000%	$413.1M	$2.10B	100x	as long as short
Paradex XAU-USD-PERP	+0.0081%	8h	4,357.7	+0.004%	$19K	$5K	5x	as long as short
edgeX XAUUSDC	+0.0087%	4h	4,349.1	−0.194%	$30.3M	$58.2M	50x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,355.4	−0.049%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,353.3	−0.097%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,351	−0.150%	$275K	$202K	50x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0118%	1h	4,354.6	−0.067%	$258K	$707K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0126%	1h	4,355.6	−0.044%	$4.3M	$1.9M	20x	as long as short
Phemex XAUUSDT	+0.0127%	4h	4,357.1	−0.009%	$2.2M	$1.1M	100x	as long as short
Phoenix GOLD	+0.0136%	1h	4,350.3	−0.166%	$47K	$77K	25x	as long as short
Hotstuff GOLD-PERP	+0.0168%	1h	4,353.4	−0.095%	$33K	—	25x	as long as short
Bybit XAUUSDT	+0.0197%	4h	4,359	+0.033%	$84.6M	$145.6M	150x	as long as short
Bullet GOLD-USD	+0.0205%	1h	4,356	−0.035%	$59K	$83K	10x	as long as short
Bitget XAUUSDT	+0.0212%	4h	4,358.1	+0.013%	$70.3M	$109.4M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0253%	8h	4,358.7	+0.027%	$165.1M	$282.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,353.6	−0.089%	$594K	$133K	25x	as long as short
BloFin XAU-USDT	+0.0298%	4h	4,356	−0.035%	$15.5M	$4.6M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0401% / S −0.0212%	1h	4,356.5	−0.023%	$249K	—	111x	as long as short
HTX XAU-USDT	+0.0566%	4h	4,362.3	+0.110%	$2.9M	$4.2M	75x	as long as short
Bluefin GOLD-PERP	+0.0580%	1h	4,349.5	−0.184%	$25K	$14K	20x	as long as short