Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0029%/8h= +3.1% APRpaid last 24h +0.015%

Price spread now: Binance against Ondo Perps+0.092%7-day average +0.136% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.077%+$8 on $10k

Price spread, last 7 days−0.010%−$1 · spread now +0.092%, 7d avg +0.136%

Together, before fees+0.067%+ Points / potential airdropOndo Perps: Active · farm board+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.045% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.092% now, against its 7-day average of +0.136%). If the spread goes back, that is −$4 on $10k: about 5.2 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps XAU-USD.P	4,329.9	0.0050	pay 0.0006% / 1h	27m 00s	$15.1M	$59.7M	25x
Short	Binance XAUUSDT	4,333.8	0.0079	get 0.0040% / 4h	1h 27m	$441.4M	$2.43B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Ondo Perps. 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 Ondo PerpsbpFee BinancebpOrdersPrice spread, now +0.092%Rate

Funding earned: $6.01
Price spread: +0.092% → +0.136%: −$4.45
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$13.44
Costs to cover: 0.150%
Break-even: 22.6 days

Slippage unknown: Ondo Perps: no order-book sample; Binance: live order book, 10 min ago. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Binance live order book, 10 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	5.9 bp −$588	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XAU on 39 exchanges

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	−3.2000%	1h	4,331.1	+0.029%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,336.8	+0.159%	$92K	$5.8M	20x	as long as short
Coinbase International GOLD-PERP-INTX	0.0000%	1h	4,330.5	+0.015%	$2.1M	$5.0M	25x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,330.4	+0.013%	$304K	—	250x	as long as short
Bluefin GOLD-PERP	+0.0022%	1h	4,327.8	−0.049%	$25K	$1K	20x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.475%	$619	$54	52x	as long as short
Aster XAUUSD1	+0.0038%	4h	4,335.4	+0.128%	$72.1M	$276.1M	20x	as long as short
StandX XAU-USD	+0.0040%	1h	4,334.9	+0.116%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0041%	1h	4,332.9	+0.070%	$6.7M	$3.2M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,366.8	+0.853%	—	$1.0M	25x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	4,329.9	+0.001%	$292.7M	$51.7M	25x	as long as short
Ondo Perps XAU-USD.Plong	+0.0050%	1h	4,329.9	long leg	$15.1M	$59.7M	25x
Paradex XAU-USD-PERP	+0.0053%	8h	4,333.5	+0.084%	$2K	$13K	5x	as long as short
Variational Omni XAU	+0.0064%	4h	4,333.5	+0.084%	$47.3M	$28.7M	—	as long as short
Lighter XAU	+0.0072%	1h	4,332.6	+0.062%	$20.1M	$30.5M	25x	as long as short
Gate XAU_USDT	+0.0076%	4h	4,334.9	+0.116%	$298.1M	$447.7M	100x	as long as short
MEXC XAU_USDT	+0.0078%	4h	4,334	+0.095%	$368.3M	$355.4M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0078%	4h	4,334.1	+0.098%	$1.4M	$3.1M	25x	as long as short
Binance XAUUSDTshort	+0.0079%	4h	4,333.8	+0.092%	$441.4M	$2.43B	100x
edgeX XAUUSDC	+0.0082%	4h	4,330.2	+0.009%	$30.3M	$66.5M	50x	as long as short
Lighter RH XAU	+0.0096%	1h	4,334.8	+0.113%	$19.6M	$40.0M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0096%	1h	4,331.1	+0.029%	$135K	$708K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,330.8	+0.022%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,329.9	0.000%	$287K	$227K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,331.9	+0.047%	$160K	$87	10x	as long as short
Polymarket Perps GOLD-USD	+0.0118%	1h	4,333.2	+0.077%	$4.3M	$1.7M	20x	as long as short
Phoenix GOLD	+0.0127%	1h	4,332	+0.049%	$43K	$71K	25x	as long as short
Bybit XAUUSDT	+0.0127%	4h	4,335.2	+0.123%	$82.7M	$169.3M	150x	as long as short
Kalshi KXGOLDPERP	+0.0140%	24h	4,335	+0.119%	$3.5M	$51.2M	15x	as long as short
Extended XAU-USD	+0.0144%	1h	4,329.8	−0.001%	$12.5M	$34.5M	25x	as long as short
Bullet GOLD-USD	+0.0159%	1h	4,333	+0.072%	$59K	$77K	10x	as long as short
Bitget XAUUSDT	+0.0198%	4h	4,334	+0.096%	$72.6M	$140.0M	100x	as long as short
Phemex XAUUSDT	+0.0199%	4h	4,335.5	+0.131%	$2.3M	$777K	100x	as long as short
RISEx XAU/USDC	+0.0205%	1h	4,334.1	+0.097%	$4.7M	$13.2M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0232%	8h	4,334.4	+0.105%	$170.7M	$361.5M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0253%	1h	4,330.2	+0.008%	$583K	$167K	25x	as long as short
BloFin XAU-USDT	+0.0318%	4h	4,334.3	+0.103%	$16.4M	$5.3M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0461% / S −0.0308%	1h	4,332.9	+0.071%	$253K	—	111x	as long as short
HTX XAU-USDT	+0.1044%	4h	4,340.1	+0.236%	$3.2M	$7.1M	75x	as long as short