Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h +0.050%

Price spread now: Bitget against tradeXYZ+0.126%7-day average +0.094% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$310.309% of the position

Long on tradeXYZ Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.079%+$8 on $10k

Price spread, last 7 days−0.093%−$9 · spread now +0.126%, 7d avg +0.094%

Together, before fees−0.014%+ Points / potential airdroptradeXYZ: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bitget is 0.031% dearer against tradeXYZ than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.094%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:GOLD	4,358.8	0.0050	pay 0.0006% / 1h	59m 51s	$294.2M	$51.8M	25x
Short	Bitget XAUUSDT	4,364.3	0.0110	get 0.0055% / 4h	2h 59m	$69.7M	$112.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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

Position, each leg$Hold fordaysFee tradeXYZbpFee BitgetbpOrdersPrice spread, now +0.126%Rate

Funding earned: $12.6
Price spread: +0.126% → +0.094%: $3.14
Slippage, 4 orders: −$0.87
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$15.13
Costs to cover: 0.309%
Break-even: 15.4 days

Slippage from tradeXYZ: live order book, 10 min ago; Bitget: live order book, 4 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 tradeXYZ live order book, 10 min ago	0.12 bp	9.1 bp −$9	9.5 bp −$95	11.4 bp −$1,143	doesn't fit
Sell Bitget live order book, 4 min ago	0.01 bp	6.0 bp −$6	7.4 bp −$74	11.3 bp −$1,128	doesn't fit

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
Aster XAUUSD1	0.0000%	4h	4,364.1	+0.121%	$69.9M	$239.2M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,364.4	+0.128%	$265.3M	$423.5M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,359.7	+0.021%	$4.0M	$36.7M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,367.3	+0.194%	$93K	$10.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,358.4	−0.010%	$269K	—	250x	as long as short
Extended XAU-USD	+0.0032%	1h	4,358.7	−0.002%	$13.5M	$43.5M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.192%	$619	$54	52x	as long as short
Variational Omni XAU	+0.0040%	4h	4,362	+0.073%	$48.4M	$28.5M	—	as long as short
StandX XAU-USD	+0.0040%	1h	4,363.9	+0.117%	$3.8M	$4.7M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,362.9	+0.094%	$5.6M	$1.9M	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	4,395.9	+0.851%	—	$1.0M	25x	as long as short
RISEx XAU/USDC	+0.0048%	1h	4,362.5	+0.086%	$3.4M	$12.4M	25x	as long as short
tradeXYZ xyz:GOLDlong	+0.0050%	1h	4,358.8	long leg	$294.2M	$51.8M	25x
Ondo Perps XAU-USD.P	+0.0050%	1h	4,358.5	−0.007%	$14.8M	$57.2M	25x	as long as short
Phoenix GOLD	+0.0055%	1h	4,359.6	+0.018%	$48K	$64K	25x	as long as short
MEXC XAU_USDT	+0.0056%	4h	4,362.9	+0.094%	$372.8M	$331.7M	1000x	as long as short
Binance XAUUSDT	+0.0059%	4h	4,363.8	+0.114%	$411.7M	$2.14B	100x	as long as short
edgeX XAUUSDC	+0.0063%	4h	4,356.5	−0.052%	$30.3M	$60.4M	50x	as long as short
Lighter XAU	+0.0072%	1h	4,361.4	+0.059%	$20.6M	$44.6M	25x	as long as short
Paradex XAU-USD-PERP	+0.0088%	8h	4,362.9	+0.093%	$19K	$5K	5x	as long as short
Lighter RH XAU	+0.0096%	1h	4,364	+0.120%	$20.2M	$41.5M	25x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,361.7	+0.067%	$162K	$87	10x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,358.5	−0.007%	$2.0M	$5.0M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,360	+0.028%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,359.2	+0.008%	$275K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,355.2	−0.084%	$26K	$22K	20x	as long as short
Bitget XAUUSDTshort	+0.0110%	4h	4,364.3	+0.126%	$69.7M	$112.2M	100x
Polymarket Perps GOLD-USD	+0.0116%	1h	4,361.5	+0.062%	$4.3M	$1.8M	20x	as long as short
Hotstuff GOLD-PERP	+0.0128%	1h	4,358.3	−0.011%	$33K	—	25x	as long as short
GRVT XAU_USDT_Perp	+0.0142%	4h	4,362.6	+0.088%	$1.4M	$3.1M	25x	as long as short
Bybit XAUUSDT	+0.0197%	4h	4,364.4	+0.129%	$83.7M	$144.8M	150x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0209%	1h	4,360.6	+0.041%	$235K	$658K	25x	as long as short
Bullet GOLD-USD	+0.0214%	1h	4,362.9	+0.094%	$59K	$82K	10x	as long as short
OKX XAU-USDT-SWAP	+0.0216%	8h	4,364.8	+0.138%	$164.3M	$287.6M	100x	as long as short
BloFin XAU-USDT	+0.0225%	4h	4,362.7	+0.090%	$15.4M	$4.6M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,359.7	+0.021%	$595K	$141K	25x	as long as short
Phemex XAUUSDT	+0.0323%	4h	4,365.5	+0.154%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0394% / S −0.0199%	1h	4,362.9	+0.095%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.0559%	4h	4,367.1	+0.191%	$2.9M	$3.9M	75x	as long as short