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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0571%/8h= −62.5% APRnext payment $0.71 per $10,000 · paid last 24h −0.004%
Price spread now: Coinbase International against RISEx−0.094%7-day average −0.110% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$210.206% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.395%+$40 on $10k
Price spread, last 4 days (all we have)−0.001%$0 · spread now −0.094%, 7d avg −0.110%
Together, before fees+0.394%+$39 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.110%, so right now this pair is about funding alone: −$17 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.395%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx XAU/USDC4,307.40.0643pay 0.0080% / 1h3m 31s$4.5M$13.1M25x
ShortCoinbase International GOLD-PERP-INTX4,303.40.0072get 0.0009% / 1h3m 31s$2.0M$5.1M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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
−$119.87
Price spread: −0.094% → −0.110%
$1.64
Slippage, 4 orders
−$4.55
Fee RISEx: 3 bp × 2 orders
−$6
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$138.78
Costs to cover
0.206%
Break-even
never at this rate
Slippage from RISEx: live order book, 6 min ago; Coinbase International: live order book, 5 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, 6 min ago0.45 bp3.5 bp −$34.4 bp −$4437.7 bp −$3,771doesn't fit
Sell Coinbase International live order book, 5 min ago0.58 bp5.6 bp −$67.3 bp −$73doesn't fitdoesn'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%4h4,310.6+0.074%$92K$7.0M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,303−0.103%$268K250xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.998%$619$5452xas long as short
QFEX GOLD-USD+0.0045%1h4,305.2−0.052%$6.6M$3.1M20xas long as short
Vest GC-PERP+0.0046%1h4,338.8+0.728%$1.0M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,303.4−0.094%$289.7M$52.9M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,303.6−0.089%$15.0M$55.2M25xas long as short
Aster XAUUSD1+0.0057%4h4,309+0.036%$72.8M$271.9M20xas long as short
Paradex XAU-USD-PERP+0.0062%8h4,306.1−0.031%$2K$14K5xas long as short
Bybit XAUUSDT+0.0071%4h4,307.5+0.001%$77.2M$155.6M150xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter XAU+0.0072%1h4,305.3−0.051%$20.2M$30.2M25xas long as short
Coinbase International GOLD-PERP-INTXshort+0.0072%1h4,303.4−0.094%$2.0M$5.1M25x
Bluefin GOLD-PERP+0.0082%1h4,302.1−0.125%$25K$1K20xas long as short
Phoenix GOLD+0.0096%1h4,305.5−0.045%$42K$79K25xas long as short
Pacifica XAU+0.0100%1h4,303−0.103%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,304−0.081%$269K$214K50xas long as short
Kalshi KXGOLDPERP+0.0100%24h4,308.3+0.020%$3.7M$45.5M15xas long as short
Variational Omni XAU+0.0101%4h4,306.5−0.021%$46.7M$29.3Mas long as short
Lighter RH XAU+0.0104%1h4,307.9+0.010%$19.9M$40.3M25xas long as short
Extended XAU-USD+0.0104%1h4,302.2−0.121%$13.1M$36.7M25xas long as short
MEXC XAU_USDT+0.0110%4h4,307.1−0.008%$365.6M$342.8M1000xas long as short
Binance XAUUSDT+0.0112%4h4,307.3−0.003%$429.0M$2.16B100xas long as short
Aevo XAU-PERP+0.0112%1h4,306.1−0.032%$159K$8710xas long as short
GRVT XAU_USDT_Perp+0.0114%4h4,308+0.012%$1.4M$3.0M25xas long as short
Gate XAU_USDT+0.0118%4h4,308.4+0.022%$287.6M$432.5M100xas long as short
Hotstuff GOLD-PERP+0.0120%1h4,303.9−0.082%$32K25xas long as short
edgeX XAUUSDC+0.0130%4h4,304.2−0.076%$29.9M$60.3M50xas long as short
StandX XAU-USD+0.0161%1h4,309.9+0.057%$3.8M$4.5M40xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0192%1h4,305.2−0.052%$136K$865K25xas long as short
Bitget XAUUSDT+0.0192%4h4,307.1−0.007%$70.5M$121.8M100xas long as short
Bullet GOLD-USD+0.0199%1h4,307−0.010%$59K$81K10xas long as short
Polymarket Perps GOLD-USD+0.0222%1h4,307.2−0.006%$4.3M$1.8M20xas long as short
Kraken Futures PF_XAUUSD+0.0229%1h4,304.1−0.078%$572K$138K25xas long as short
OKX XAU-USDT-SWAP+0.0259%8h4,306−0.034%$173.3M$311.4M100xas long as short
BloFin XAU-USDT+0.0369%4h4,306.5−0.023%$16.6M$5.0M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0464% / S −0.0311%1h4,306.5−0.021%$253K111xas long as short
Phemex XAUUSDT+0.0497%4h4,311.4+0.091%$2.2M$951K100xas long as short
HTX XAU-USDT+0.0545%4h4,312.6+0.120%$3.2M$6.1M75xas long as short
RISEx XAU/USDClong+0.0643%1h4,307.4long leg$4.5M$13.1M25x