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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.06 per $10,000 · paid last 24h +0.020%
Price spread now: Aevo against tradeXYZ+0.060%7-day average +0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$500.499% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.053%+$5 on $10k
Price spread, last 4 days (all we have)+0.097%+$10 · spread now +0.060%, 7d avg +0.074%
Together, before fees+0.150%+ Points / potential airdroptradeXYZ: Active · farm board+$15 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.074%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:GOLD4,354.50.0050pay 0.0006% / 1h23m 17s$294.2M$48.7M25x
ShortAevo XAU-PERP4,357.10.0096get 0.0012% / 1h23m 17s$161K$8710x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against tradeXYZ. 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
$9.66
Price spread: +0.060% → +0.074%
−$1.38
Slippage, 4 orders
−$15.91
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$41.63
Costs to cover
0.499%
Break-even
37.2 days
Slippage from tradeXYZ: live order book, 6 min ago; Aevo: live order book, 40 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 tradeXYZ live order book, 6 min ago0.12 bp9.1 bp −$99.7 bp −$97doesn't fitdoesn't fit
Sell Aevo live order book, 40 min ago5.99 bp15.6 bp −$1626.1 bp −$261doesn'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%4h4,362.3+0.178%$93K$9.2M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,354.6+0.001%$267K250xas long as short
Gate XAU_USDT+0.0006%4h4,359+0.104%$264.6M$413.2M100xas long as short
RISEx XAU/USDC+0.0010%1h4,357.4+0.066%$3.4M$12.4M25xas long as short
Extended XAU-USD+0.0032%1h4,354.3−0.005%$13.6M$38.9M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.094%$619$5452xas long as short
Kalshi KXGOLDPERP+0.0039%24h4,356.4+0.044%$4.1M$37.0M15xas long as short
StandX XAU-USD+0.0040%1h4,359.3+0.110%$3.8M$4.6M40xas long as short
Aster XAUUSD1+0.0043%4h4,358.1+0.083%$70.6M$333.9M20xas long as short
Vest GC-PERP+0.0046%1h4,391.3+0.845%$1.0M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX GOLD-USD+0.0046%1h4,357+0.057%$5.6M$1.9M20xas long as short
Coinbase International GOLD-PERP-INTX+0.0048%1h4,355.7+0.028%$2.0M$4.9M25xas long as short
tradeXYZ xyz:GOLDlong+0.0050%1h4,354.5long leg$294.2M$48.7M25x
Ondo Perps XAU-USD.P+0.0050%1h4,353.8−0.017%$15.1M$57.2M25xas long as short
GRVT XAU_USDT_Perp+0.0054%4h4,357.1+0.059%$1.4M$3.0M25xas long as short
Lighter XAU+0.0056%1h4,356.8+0.053%$20.7M$42.3M25xas long as short
Variational Omni XAU+0.0057%4h4,355.6+0.026%$48.3M$27.9Mas long as short
Lighter RH XAU+0.0064%1h4,359+0.104%$20.2M$39.7M25xas long as short
MEXC XAU_USDT+0.0072%4h4,357.9+0.078%$372.1M$319.0M1000xas long as short
Binance XAUUSDT+0.0073%4h4,357.9+0.079%$412.1M$2.10B100xas long as short
Paradex XAU-USD-PERP+0.0080%8h4,357.8+0.076%$19K$5K5xas long as short
edgeX XAUUSDC+0.0090%4h4,351.8−0.063%$30.3M$58.4M50xas long as short
Aevo XAU-PERPshort+0.0096%1h4,357.1+0.060%$161K$8710x
Pacifica XAU+0.0100%1h4,354.4−0.002%$1.4M$1.1M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,354.7+0.005%$275K$203K50xas long as short
Hotstuff GOLD-PERP+0.0104%1h4,354.50.000%$33K25xas long as short
Phemex XAUUSDT+0.0123%4h4,358.8+0.098%$2.2M$1.1M100xas long as short
Polymarket Perps GOLD-USD+0.0123%1h4,357+0.057%$4.3M$1.9M20xas long as short
Phoenix GOLD+0.0136%1h4,356.1+0.037%$48K$77K25xas long as short
Bybit XAUUSDT+0.0199%4h4,359.8+0.121%$84.5M$145.4M150xas long as short
Bullet GOLD-USD+0.0199%1h4,358+0.080%$60K$83K10xas long as short
Bitget XAUUSDT+0.0212%4h4,358.8+0.099%$70.3M$109.4M100xas long as short
OKX XAU-USDT-SWAP+0.0253%8h4,358.9+0.101%$165.2M$282.8M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0255%1h4,357.3+0.064%$278K$727K25xas long as short
Kraken Futures PF_XAUUSD+0.0269%1h4,354.8+0.007%$594K$133K25xas long as short
BloFin XAU-USDT+0.0296%4h4,356.2+0.039%$15.5M$4.6M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0401% / S −0.0214%1h4,358.4+0.089%$249K111xas long as short
Bluefin GOLD-PERP+0.0419%1h4,351.8−0.062%$25K$14K20xas long as short
HTX XAU-USDT+0.0568%4h4,363.4+0.204%$2.9M$4.2M75xas long as short