Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.023%

Price spread now: MEXC against StandX−0.005%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$200.197% of the position

Long on StandX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$7 on $10k

Price spread, last 7 days0.000%$0 · spread now −0.005%, 7d avg −0.015%

Together, before fees+0.065%+ Points / potential airdropStandX: Active · farm board+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.015%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX XAU-USD	4,348.3	0.0040	pay 0.0005% / 1h	7m 21s	$3.8M	$4.5M	40x
Short	MEXC XAU_USDT	4,348.1	0.0090	get 0.0045% / 4h	7m 21s	$372.7M	$320.6M	1000x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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

Position, each leg$Hold fordaysFee StandXbpFee MEXCbpOrdersPrice spread, now −0.005%Rate

Funding earned: $10.5
Price spread: −0.005% → −0.015%: $1
Slippage, 4 orders: −$7.73
Fee StandX: 4 bp × 2 orders: −$8
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$8.22
Costs to cover: 0.197%
Break-even: 12.5 days

Slippage from StandX: live order book, 2 min ago; MEXC: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy StandX live order book, 2 min ago	2.53 bp	6.5 bp −$7	7.4 bp −$74	10.2 bp −$1,020	11.5 bp −$5,738
Sell MEXC live order book, 2 min ago	0.04 bp	2.0 bp −$2	2.0 bp −$20	2.3 bp −$225	18.3 bp −$9,146

XAU on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx XAU/USDC	0.0000%	1h	4,347.5	−0.019%	$3.4M	$12.3M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,349.2	+0.020%	$266.4M	$417.8M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,351.7	+0.078%	$92K	$8.9M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,344.1	−0.098%	$272K	—	250x	as long as short
Lighter XAU	+0.0032%	1h	4,346.7	−0.037%	$20.8M	$38.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,344	−0.100%	$13.2M	$38.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.049%	$619	$54	52x	as long as short
Lighter RH XAU	+0.0040%	1h	4,348.5	+0.004%	$20.1M	$39.5M	25x	as long as short
StandX XAU-USDlong	+0.0040%	1h	4,348.3	long leg	$3.8M	$4.5M	40x
QFEX GOLD-USD	+0.0041%	1h	4,347.5	−0.018%	$5.7M	$2.0M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,380.8	+0.747%	—	$1.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,344.8	−0.080%	$2.0M	$4.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0049%	24h	4,345.6	−0.062%	$4.2M	$37.4M	15x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,344.6	−0.085%	$293.9M	$48.8M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,344.2	−0.095%	$15.1M	$56.8M	25x	as long as short
Hotstuff GOLD-PERP	+0.0056%	1h	4,344.4	−0.090%	$33K	—	25x	as long as short
Aster XAUUSD1	+0.0064%	4h	4,348.2	−0.003%	$71.3M	$333.1M	20x	as long as short
Variational Omni XAU	+0.0076%	4h	4,345.3	−0.069%	$48.4M	$28.2M	—	as long as short
Paradex XAU-USD-PERP	+0.0081%	8h	4,347.7	−0.014%	$19K	$5K	5x	as long as short
GRVT XAU_USDT_Perp	+0.0090%	4h	4,347	−0.031%	$1.4M	$2.9M	25x	as long as short
MEXC XAU_USDTshort	+0.0090%	4h	4,348.1	−0.005%	$372.7M	$320.6M	1000x
Binance XAUUSDT	+0.0091%	4h	4,348	−0.008%	$413.9M	$2.10B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,344	−0.098%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,343.3	−0.115%	$274K	$203K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,340.3	−0.184%	$25K	$14K	20x	as long as short
edgeX XAUUSDC	+0.0101%	4h	4,342.2	−0.139%	$30.2M	$58.0M	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,347	−0.029%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0142%	1h	4,345.2	−0.071%	$47K	$77K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0167%	1h	4,348	−0.007%	$4.3M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0186%	1h	4,348.1	−0.005%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0194%	1h	4,344.6	−0.085%	$592K	$132K	25x	as long as short
Phemex XAUUSDT	+0.0226%	4h	4,349.4	+0.025%	$2.2M	$967K	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0233%	1h	4,345.8	−0.057%	$206K	$825K	25x	as long as short
Bitget XAUUSDT	+0.0234%	4h	4,348.2	−0.002%	$70.6M	$109.3M	100x	as long as short
Bybit XAUUSDT	+0.0240%	4h	4,348.9	+0.014%	$85.1M	$145.4M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0300%	8h	4,349.4	+0.025%	$165.4M	$282.0M	100x	as long as short
BloFin XAU-USDT	+0.0330%	4h	4,347.7	−0.014%	$15.6M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0419% / S −0.0240%	1h	4,348.1	−0.005%	$248K	—	111x	as long as short
HTX XAU-USDT	+0.0616%	4h	4,351.3	+0.069%	$2.8M	$4.6M	75x	as long as short