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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0095%/8h= +10.4% APRnext payment +$0.12 per $10,000 · paid last 24h −0.005%
Price spread now: ApeX Omni against RISEx−0.084%7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$400.403% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.013%+$1 on $10k
Price spread, last 4 days (all we have)+0.010%+$1 · spread now −0.084%, 7d avg −0.054%
Together, before fees+0.023%+$2 on $10k · with fees, hour by hour
Funding pays, the price is against you. ApeX Omni is 0.030% cheaper against RISEx than usual: you would sell low and buy high (spread −0.084% now, against its 7-day average of −0.054%). If the spread goes back, that is −$3 on $10k: about 25 hours of funding at the current rate (+$3 a day). At the pace of the last 4 days (+0.013% in total) that is about 8.5 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx XAU/USDC4,341.20.0005pay 0.0001% / 1h36m 58s$3.5M$12.1M25x
ShortApeX Omni XAUUSDT4,337.50.0100get 0.0013% / 1h36m 58s$274K$203K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against RISEx. 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
$19.96
Price spread: −0.084% → −0.054%
−$3.01
Slippage, 4 orders
−$24.26
Fee RISEx: 3 bp × 2 orders
−$6
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$23.32
Costs to cover
0.403%
Break-even
15.2 days
Slippage from RISEx: live order book, 2 min ago; ApeX Omni: live order book, 15 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy RISEx live order book, 2 min ago0.01 bp3.0 bp −$33.0 bp −$3034.4 bp −$3,443doesn't fit
Sell ApeX Omni live order book, 15 min ago3.33 bp15.9 bp −$1630.6 bp −$30641.5 bp −$4,149doesn't fit

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%4h4,347.7+0.150%$92K$8.7M20xas long as short
Bluefin GOLD-PERP+0.0002%1h4,335.5−0.131%$25K$14K20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,339.5−0.038%$271K250xas long as short
RISEx XAU/USDClong+0.0005%1h4,341.2long leg$3.5M$12.1M25x
Hotstuff GOLD-PERP+0.0016%1h4,338.7−0.057%$33K25xas long as short
Extended XAU-USD+0.0032%1h4,339.2−0.045%$13.3M$37.4M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.213%$619$5452xas long as short
Gate XAU_USDT+0.0038%4h4,344.8+0.083%$268.0M$414.5M100xas long as short
Lighter RH XAU+0.0040%1h4,344.3+0.071%$20.1M$39.3M25xas long as short
StandX XAU-USD+0.0040%1h4,341.9+0.017%$3.8M$4.5M40xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit XAUUSDT+0.0041%4h4,343.9+0.062%$80.2M$152.0M150xas long as short
QFEX GOLD-USD+0.0042%1h4,340.3−0.020%$5.5M$2.1M20xas long as short
Vest GC-PERP+0.0046%1h4,375.1+0.781%$1.0M25xas long as short
Lighter XAU+0.0048%1h4,342.1+0.021%$20.8M$34.5M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,340−0.027%$293.6M$49.2M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,338.7−0.058%$15.1M$56.9M25xas long as short
Kalshi KXGOLDPERP+0.0051%24h4,339−0.050%$4.3M$37.4M15xas long as short
Coinbase International GOLD-PERP-INTX+0.0056%1h4,339.5−0.039%$2.1M$4.8M25xas long as short
Aster XAUUSD1+0.0081%4h4,344.6+0.080%$71.5M$332.3M20xas long as short
Paradex XAU-USD-PERP+0.0085%8h4,341.7+0.012%$19K$5K5xas long as short
Variational Omni XAU+0.0087%4h4,340.5−0.017%$48.3M$27.7Mas long as short
Pacifica XAU+0.0100%1h4,338.1−0.071%$1.4M$1.1M10xas long as short
ApeX Omni XAUUSDTshort+0.0100%1h4,337.5−0.084%$274K$203K50x
MEXC XAU_USDT+0.0104%4h4,343.4+0.052%$370.3M$319.4M1000xas long as short
Aevo XAU-PERP+0.0104%1h4,342+0.020%$161K$8710xas long as short
Binance XAUUSDT+0.0107%4h4,343.5+0.054%$417.6M$2.09B100xas long as short
edgeX XAUUSDC+0.0112%4h4,336.6−0.104%$30.2M$58.3M50xas long as short
Phoenix GOLD+0.0136%1h4,339.5−0.039%$47K$77K25xas long as short
GRVT XAU_USDT_Perp+0.0178%4h4,341.1−0.001%$1.4M$2.9M25xas long as short
Bullet GOLD-USD+0.0214%1h4,343.1+0.045%$59K$82K10xas long as short
Polymarket Perps GOLD-USD+0.0216%1h4,342.6+0.033%$4.3M$1.9M20xas long as short
Bitget XAUUSDT+0.0250%4h4,343.6+0.055%$71.1M$109.3M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0257%1h4,341.7+0.012%$205K$828K25xas long as short
Kraken Futures PF_XAUUSD+0.0259%1h4,340.3−0.021%$592K$132K25xas long as short
Phemex XAUUSDT+0.0294%4h4,345.1+0.090%$2.2M$967K100xas long as short
OKX XAU-USDT-SWAP+0.0319%8h4,344.5+0.077%$166.8M$282.0M100xas long as short
BloFin XAU-USDT+0.0379%4h4,343+0.041%$15.7M$4.4M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0427% / S −0.0252%1h4,343.7+0.058%$250K111xas long as short
HTX XAU-USDT+0.0618%4h4,346.4+0.120%$2.8M$4.6M75xas long as short