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+0.0181%/8h= +19.8% APRnext payment +$0.23 per $10,000 · paid last 24h +0.044%
Price spread now: GMX against StandX−0.078%7-day average −0.005% · 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)+0.109%+$11 on $10k
Price spread, last 4 days (all we have)+0.098%+$10 · spread now −0.078%, 7d avg −0.005%
Together, before fees+0.208%+ Points / potential airdropStandX: Active · farm board+$21 on $10k · with fees, hour by hour
Funding pays, the price is against you. GMX is 0.073% cheaper against StandX than usual: you would sell low and buy high (spread −0.078% now, against its 7-day average of −0.005%). If the spread goes back, that is −$7 on $10k: about 33 hours of funding at the current rate (+$5 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX XAU-USD4,310.30.0130pay 0.0016% / 1h5m 47s$3.8M$4.5M40x
ShortGMX GOLD/USD [ETH-USDC]4,306.9L +0.0464% / S −0.0311%get 0.0039% / 1h5m 47s$253K111x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against StandX. 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
$37.94
Price spread: −0.078% → −0.005%
−$7.35
Slippage, 4 orders
no order book: not counted
Fee StandX: 4 bp × 2 orders
−$8
Fee GMX: 6 bp × 2 orders
−$12
Net
$10.59
Costs to cover
0.200%
Break-even
5.0 days
Slippage unknown: StandX: live order book, 3 min ago; GMX: 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 StandX live order book, 3 min ago0.12 bp4.1 bp −$44.8 bp −$489.2 bp −$92012.0 bp −$5,978
Sell GMX no order-book sample
GMX: 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%4h4,311.1+0.018%$92K$7.0M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,302.8−0.175%$268K250xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.931%$619$5452xas long as short
QFEX GOLD-USD+0.0045%1h4,306.4−0.090%$5.7M$3.0M20xas long as short
Vest GC-PERP+0.0046%1h4,339.2+0.670%$1.0M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,302.3−0.186%$289.7M$52.8M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,304.1−0.144%$15.0M$55.3M25xas long as short
Aster XAUUSD1+0.0057%4h4,307.5−0.065%$72.8M$272.0M20xas long as short
Paradex XAU-USD-PERP+0.0062%8h4,307.7−0.061%$2K$14K5xas long as short
Bluefin GOLD-PERP+0.0070%1h4,302.4−0.184%$25K$1K20xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit XAUUSDT+0.0071%4h4,306.7−0.084%$77.2M$155.4M150xas long as short
Lighter XAU+0.0072%1h4,305.8−0.106%$20.2M$30.2M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,303.5−0.158%$2.0M$5.1M25xas long as short
Phoenix GOLD+0.0096%1h4,313.9+0.084%$42K$79K25xas long as short
Kalshi KXGOLDPERP+0.0100%24h4,309.2−0.026%$3.7M$45.4M15xas long as short
Pacifica XAU+0.0100%1h4,304.3−0.139%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,313.5+0.074%$272K$209K50xas long as short
Variational Omni XAU+0.0101%4h4,306.5−0.087%$46.7M$29.3Mas long as short
Lighter RH XAU+0.0104%1h4,308.3−0.046%$19.9M$40.2M25xas long as short
Extended XAU-USD+0.0104%1h4,302.6−0.179%$13.2M$36.6M25xas long as short
MEXC XAU_USDT+0.0108%4h4,306.9−0.080%$365.6M$341.2M1000xas long as short
Binance XAUUSDT+0.0110%4h4,306.3−0.094%$428.9M$2.16B100xas long as short
GRVT XAU_USDT_Perp+0.0112%4h4,316.1+0.134%$1.4M$3.0M25xas long as short
Aevo XAU-PERP+0.0112%1h4,306.4−0.091%$159K$8710xas long as short
Gate XAU_USDT+0.0118%4h4,308.2−0.048%$285.0M$430.8M100xas long as short
Hotstuff GOLD-PERP+0.0120%1h4,304.5−0.135%$32K25xas long as short
edgeX XAUUSDC+0.0127%4h4,313.1+0.066%$30.0M$59.8M50xas long as short
StandX XAU-USDlong+0.0130%1h4,310.3long leg$3.8M$4.5M40x
Bitget XAUUSDT+0.0190%4h4,306−0.099%$70.4M$121.5M100xas long as short
Bullet GOLD-USD+0.0199%1h4,306.8−0.081%$59K$81K10xas long as short
Polymarket Perps GOLD-USD+0.0222%1h4,307−0.077%$4.3M$1.8M20xas long as short
Kraken Futures PF_XAUUSD+0.0229%1h4,304.3−0.139%$573K$138K25xas long as short
OKX XAU-USDT-SWAP+0.0263%8h4,305.9−0.102%$175.1M$306.0M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0308%1h4,305.5−0.111%$136K$865K25xas long as short
BloFin XAU-USDT+0.0371%4h4,308.4−0.044%$16.5M$5.0M100xas long as short
GMX GOLD/USD [ETH-USDC]shortL +0.0464% / S −0.0311%1h4,306.9−0.078%$253K111x
Phemex XAUUSDT+0.0472%4h4,311.1+0.018%$2.2M$949K100xas long as short
HTX XAU-USDT+0.0542%4h4,314.1+0.088%$3.2M$6.1M75xas long as short
RISEx XAU/USDC+0.0643%1h4,307.4−0.068%$4.5M$13.1M25xas long as short