Settings8H · net · $10k
Funding arb · Price arb /

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0209%/8h= +22.9% APRpaid last 24h +0.047%
Price spread now: OKX against Ondo Perps+0.056%7-day average +0.137% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.058%+$6 on $10k
Price spread, last 7 days+0.010%+$1 · spread now +0.056%, 7d avg +0.137%
Together, before fees+0.068%+ Points / potential airdropOndo Perps: Active · farm board+$7 on $10k · with fees, hour by hour
Funding pays, the price is against you. OKX is 0.081% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.056% now, against its 7-day average of +0.137%). If the spread goes back, that is −$8 on $10k: about 31 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.058% in total) that is about 9.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.058% in total (about 3.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps XAU-USD.P4,303.60.0050pay 0.0006% / 1h3m 25s$15.0M$55.2M25x
ShortOKX XAU-USDT-SWAP4,3060.0259get 0.0259% / 8h3m 25s$173.3M$311.4M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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

Funding earned
$43.85
Price spread: +0.056% → +0.137%
−$8.12
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee OKX: 5 bp × 2 orders
−$10
Net
$20.74
Costs to cover
0.150%
Break-even
3.7 days
Slippage unknown: Ondo Perps: no order-book sample; OKX: live order book, 6 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Ondo Perps no order-book sample
Sell OKX live order book, 6 min ago0.12 bp5.1 bp −$55.2 bp −$527.4 bp −$74213.3 bp −$6,649
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 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX XAU-USDT0.0000%4h4,310.6+0.163%$92K$7.0M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,303−0.014%$268K250xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+1.088%$619$5452xas long as short
QFEX GOLD-USD+0.0045%1h4,305.2+0.037%$6.6M$3.1M20xas long as short
Vest GC-PERP+0.0046%1h4,338.8+0.818%$1.0M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,303.4−0.005%$289.7M$52.9M25xas long as short
Ondo Perps XAU-USD.Plong+0.0050%1h4,303.6long leg$15.0M$55.2M25x
Aster XAUUSD1+0.0057%4h4,309+0.126%$72.8M$271.9M20xas long as short
Paradex XAU-USD-PERP+0.0062%8h4,306.1+0.058%$2K$14K5xas long as short
Bybit XAUUSDT+0.0071%4h4,307.5+0.090%$77.2M$155.6M150xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter XAU+0.0072%1h4,305.3+0.039%$20.2M$30.2M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,303.4−0.005%$2.0M$5.1M25xas long as short
Bluefin GOLD-PERP+0.0082%1h4,302.1−0.036%$25K$1K20xas long as short
Phoenix GOLD+0.0096%1h4,305.5+0.044%$42K$79K25xas long as short
Pacifica XAU+0.0100%1h4,303−0.014%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,304+0.008%$269K$214K50xas long as short
Kalshi KXGOLDPERP+0.0100%24h4,308.3+0.109%$3.7M$45.5M15xas long as short
Variational Omni XAU+0.0101%4h4,306.5+0.068%$46.7M$29.3Mas long as short
Lighter RH XAU+0.0104%1h4,307.9+0.099%$19.9M$40.3M25xas long as short
Extended XAU-USD+0.0104%1h4,302.2−0.032%$13.1M$36.7M25xas long as short
MEXC XAU_USDT+0.0110%4h4,307.1+0.082%$365.6M$342.8M1000xas long as short
Binance XAUUSDT+0.0112%4h4,307.3+0.086%$429.0M$2.16B100xas long as short
Aevo XAU-PERP+0.0112%1h4,306.1+0.057%$159K$8710xas long as short
GRVT XAU_USDT_Perp+0.0114%4h4,308+0.101%$1.4M$3.0M25xas long as short
Gate XAU_USDT+0.0118%4h4,308.4+0.112%$287.6M$432.5M100xas long as short
Hotstuff GOLD-PERP+0.0120%1h4,303.9+0.007%$32K25xas long as short
edgeX XAUUSDC+0.0130%4h4,304.2+0.013%$29.9M$60.3M50xas long as short
StandX XAU-USD+0.0161%1h4,309.9+0.146%$3.8M$4.5M40xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0192%1h4,305.2+0.037%$136K$865K25xas long as short
Bitget XAUUSDT+0.0192%4h4,307.1+0.082%$70.5M$121.8M100xas long as short
Bullet GOLD-USD+0.0199%1h4,307+0.079%$59K$81K10xas long as short
Polymarket Perps GOLD-USD+0.0222%1h4,307.2+0.083%$4.3M$1.8M20xas long as short
Kraken Futures PF_XAUUSD+0.0229%1h4,304.1+0.011%$572K$138K25xas long as short
OKX XAU-USDT-SWAPshort+0.0259%8h4,306+0.056%$173.3M$311.4M100x
BloFin XAU-USDT+0.0369%4h4,306.5+0.066%$16.6M$5.0M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0464% / S −0.0311%1h4,306.5+0.068%$253K111xas long as short
Phemex XAUUSDT+0.0497%4h4,311.4+0.180%$2.2M$951K100xas long as short
HTX XAU-USDT+0.0545%4h4,312.6+0.210%$3.2M$6.1M75xas long as short
RISEx XAU/USDC+0.0643%1h4,307.4+0.089%$4.5M$13.1M25xas long as short