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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0199%/8h= +21.8% APRnext payment +$0.25 per $10,000 · paid last 24h +0.006%
Price spread now: Bullet against RISEx−0.003%7-day average · you buy dearer than you sell
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)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx XAU/USDC4,3470get 0.0000% / 1h34m 22s$3.4M$12.3M25x
ShortBullet GOLD-USD4,346.90.0199get 0.0025% / 1h34m 22s$59K$82K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bullet 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
$41.86
Price spread: −0.003% → 0.000%
−$0.25
Slippage, 4 orders
no order book: not counted
Fee RISEx: 3 bp × 2 orders
−$6
Fee Bullet: 4 bp × 2 orders
−$8
Net
$27.61
Costs to cover
0.140%
Break-even
2.4 days
Slippage unknown: RISEx: live order book, 5 min ago; Bullet: no order-book sample. 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 RISEx live order book, 5 min ago0.99 bp4.0 bp −$44.7 bp −$4734.2 bp −$3,424doesn't fit
Sell Bullet no order-book sample
Bullet: 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
RISEx XAU/USDClong0.0000%1h4,347long leg$3.4M$12.3M25x
SunX XAU-USDT0.0000%4h4,351.3+0.098%$92K$9.0M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,343−0.092%$271K250xas long as short
Gate XAU_USDT+0.0008%4h4,347.9+0.020%$267.7M$412.0M100xas long as short
Lighter XAU+0.0032%1h4,346−0.022%$20.8M$37.8M25xas long as short
Extended XAU-USD+0.0032%1h4,343−0.092%$13.3M$38.5M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.078%$619$5452xas long as short
Lighter RH XAU+0.0040%1h4,348+0.022%$20.1M$39.2M25xas long as short
StandX XAU-USD+0.0040%1h4,347.1+0.002%$3.8M$4.6M40xas long as short
QFEX GOLD-USD+0.0041%1h4,346.8−0.005%$5.7M$2.0M20xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kalshi KXGOLDPERP+0.0045%24h4,345.7−0.030%$4.2M$37.2M15xas long as short
Vest GC-PERP+0.0046%1h4,379.8+0.754%$1.1M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0048%1h4,343.1−0.090%$2.0M$4.8M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,343.7−0.076%$293.7M$48.7M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,343.7−0.077%$15.1M$56.8M25xas long as short
Aster XAUUSD1+0.0064%4h4,347.5+0.010%$71.0M$333.7M20xas long as short
Variational Omni XAU+0.0080%4h4,346.7−0.007%$48.5M$27.8Mas long as short
Paradex XAU-USD-PERP+0.0085%8h4,347.3+0.006%$19K$5K5xas long as short
GRVT XAU_USDT_Perp+0.0088%4h4,348.2+0.028%$1.4M$3.0M25xas long as short
Binance XAUUSDT+0.0093%4h4,347.2+0.005%$413.9M$2.09B100xas long as short
MEXC XAU_USDT+0.0094%4h4,347.1+0.002%$372.8M$317.6M1000xas long as short
edgeX XAUUSDC+0.0095%4h4,343.4−0.083%$30.2M$58.3M50xas long as short
Pacifica XAU+0.0100%1h4,343.3−0.085%$1.4M$1.1M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,346.8−0.005%$275K$203K50xas long as short
Aevo XAU-PERP+0.0104%1h4,346.3−0.017%$161K$8710xas long as short
Phoenix GOLD+0.0142%1h4,347.3+0.007%$47K$77K25xas long as short
Polymarket Perps GOLD-USD+0.0151%1h4,346.6−0.009%$4.3M$1.9M20xas long as short
Hotstuff GOLD-PERP+0.0160%1h4,343.7−0.076%$33K25xas long as short
Kraken Futures PF_XAUUSD+0.0194%1h4,344−0.069%$592K$132K25xas long as short
Bullet GOLD-USDshort+0.0199%1h4,346.9−0.003%$59K$82K10x
Deribit GOLD_USDC-PERPETUAL+0.0210%1h4,345.4−0.037%$243K$789K25xas long as short
Phemex XAUUSDT+0.0217%4h4,349.8+0.064%$2.2M$967K100xas long as short
Bluefin GOLD-PERP+0.0227%1h4,340.1−0.159%$25K$14K20xas long as short
Bitget XAUUSDT+0.0232%4h4,347.2+0.004%$70.0M$109.2M100xas long as short
Bybit XAUUSDT+0.0238%4h4,348.6+0.037%$85.0M$144.9M150xas long as short
OKX XAU-USDT-SWAP+0.0285%8h4,348.3+0.030%$165.6M$281.8M100xas long as short
BloFin XAU-USDT+0.0344%4h4,346.1−0.020%$15.6M$4.5M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0413% / S −0.0231%1h4,347.2+0.005%$248K111xas long as short
HTX XAU-USDT+0.0625%4h4,351.6+0.106%$2.9M$4.3M75xas long as short