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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0085%/8h= +9.3% APRnext payment +$0.11 per $10,000 · paid last 24h +0.029%
Price spread now: RISEx against Ondo Perps+0.061%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 3 days (all we have)+0.041%+$4 on $10k
Price spread, last 7 days+0.267%+$27 · spread now +0.061%, 7d avg +0.137%
Together, before fees+0.307%+ Points / potential airdropOndo Perps: Active · farm board+$31 on $10k · with fees, hour by hour
Funding pays, the price is against you. RISEx is 0.075% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.061% now, against its 7-day average of +0.137%). If the spread goes back, that is −$8 on $10k: about 3.0 days of funding at the current rate (+$3 a day). At the pace of the last 3 days (+0.041% in total) that is about 6.5 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps XAU-USD.P4,350.90.0050pay 0.0006% / 1h14m 27s$14.9M$58.0M25x
ShortRISEx XAU/USDC4,353.60.0135get 0.0017% / 1h14m 27s$3.4M$12.4M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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
$17.8
Price spread: +0.061% → +0.137%
−$7.55
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$0.75
Costs to cover
0.110%
Break-even
7.3 days
Slippage unknown: Ondo Perps: no order-book sample; RISEx: live order book, 5 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 RISEx live order book, 5 min ago0.01 bp3.0 bp −$33.4 bp −$3459.2 bp −$5,924doesn'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 38 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
Gate XAU_USDT0.0000%4h4,355.3+0.102%$263.4M$413.8M100xas long as short
SunX XAU-USDT0.0000%4h4,362.5+0.265%$93K$9.5M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,350.8−0.003%$269K250xas long as short
Extended XAU-USD+0.0032%1h4,349.3−0.037%$13.5M$41.8M25xas long as short
Hotstuff GOLD-PERP+0.0032%1h4,350.7−0.005%$33K25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.011%$619$5452xas long as short
Kalshi KXGOLDPERP+0.0034%24h4,354.2+0.076%$4.1M$36.0M15xas long as short
Aster XAUUSD1+0.0035%4h4,354.6+0.086%$70.4M$298.7M20xas long as short
StandX XAU-USD+0.0040%1h4,358.7+0.179%$3.8M$4.7M40xas long as short
Vest GC-PERP+0.0046%1h4,388.1+0.855%$1.0M25xas long as short
Show all 38 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:GOLD+0.0050%1h4,351.6+0.016%$294.1M$48.5M25xas long as short
Ondo Perps XAU-USD.Plong+0.0050%1h4,350.9long leg$14.9M$58.0M25x
QFEX GOLD-USD+0.0051%1h4,353+0.048%$5.6M$1.9M20xas long as short
Lighter XAU+0.0056%1h4,352.2+0.029%$20.6M$43.7M25xas long as short
Lighter RH XAU+0.0064%1h4,354.8+0.090%$20.1M$41.0M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,354.9+0.092%$2.0M$5.0M25xas long as short
Polymarket Perps GOLD-USD+0.0075%1h4,353.4+0.057%$4.3M$1.9M20xas long as short
Paradex XAU-USD-PERP+0.0083%8h4,353.1+0.051%$19K$5K5xas long as short
Variational Omni XAU+0.0086%4h4,356+0.118%$48.2M$28.1Mas long as short
Pacifica XAU+0.0100%1h4,350.6−0.007%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,358.5+0.174%$275K$204K50xas long as short
Bluefin GOLD-PERP+0.0100%1h4,350.7−0.006%$25K$14K20xas long as short
MEXC XAU_USDT+0.0102%4h4,354.8+0.089%$375.9M$323.9M1000xas long as short
Aevo XAU-PERP+0.0104%1h4,356.6+0.132%$161K$8710xas long as short
Binance XAUUSDT+0.0104%4h4,353.7+0.064%$409.1M$2.09B100xas long as short
edgeX XAUUSDC+0.0112%4h4,353.3+0.055%$30.3M$59.9M50xas long as short
GRVT XAU_USDT_Perp+0.0116%4h4,360+0.209%$1.4M$2.9M25xas long as short
Phoenix GOLD+0.0121%1h4,356.9+0.138%$48K$64K25xas long as short
RISEx XAU/USDCshort+0.0135%1h4,353.6+0.061%$3.4M$12.4M25x
Bullet GOLD-USD+0.0168%1h4,354.6+0.085%$59K$83K10xas long as short
Bybit XAUUSDT+0.0180%4h4,355+0.095%$83.7M$144.1M150xas long as short
Bitget XAUUSDT+0.0184%4h4,354.5+0.083%$69.5M$109.6M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0209%1h4,354.9+0.092%$242K$672K25xas long as short
OKX XAU-USDT-SWAP+0.0238%8h4,355.6+0.108%$164.9M$281.6M100xas long as short
Kraken Futures PF_XAUUSD+0.0269%1h4,354.7+0.087%$594K$139K25xas long as short
Phemex XAUUSDT+0.0340%4h4,359.9+0.206%$2.2M$1.1M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0391% / S −0.0197%1h4,355+0.094%$251K111xas long as short
HTX XAU-USDT+0.0554%4h4,363.2+0.282%$2.9M$3.9M75xas long as short