Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0130%/8h= +14.2% APRpaid last 24h +0.019%

Price spread now: Bybit against tradeXYZ+0.077%7-day average +0.108% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$300.296% of the position

Long on tradeXYZ Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 7 days−0.028%−$3 · spread now +0.077%, 7d avg +0.108%

Together, before fees−0.037%+ Points / potential airdroptradeXYZ: Active · farm board−$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.031% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.077% now, against its 7-day average of +0.108%). If the spread goes back, that is −$3 on $10k: about 19 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:GOLD	4,349.7	0.0050	pay 0.0006% / 1h	13m 25s	$294.0M	$48.5M	25x
Short	Bybit XAUUSDT	4,353.1	0.0180	get 0.0090% / 4h	2h 13m	$83.7M	$144.2M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.077%Rate

Funding earned: $27.24
Price spread: +0.077% → +0.108%: −$3.05
Slippage, 4 orders: −$0.62
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$5.44
Costs to cover: 0.296%
Break-even: 8.4 days

Slippage from tradeXYZ: live order book, 7 min ago; Bybit: live order book, 6 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, 7 min ago	0.12 bp	9.1 bp −$9	9.5 bp −$95	11.5 bp −$1,149	doesn't fit
Sell Bybit live order book, 6 min ago	0.01 bp	5.5 bp −$6	6.1 bp −$61	13.9 bp −$1,389	40.3 bp −$20.1K

XAU on 38 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
Gate XAU_USDT	0.0000%	4h	4,354	+0.099%	$263.4M	$414.1M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,358.7	+0.206%	$93K	$9.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,347.9	−0.041%	$269K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0016%	1h	4,351.2	+0.034%	$33K	—	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,350.1	+0.008%	$13.5M	$41.8M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.017%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0034%	24h	4,352	+0.053%	$4.1M	$36.1M	15x	as long as short
Aster XAUUSD1	+0.0035%	4h	4,353	+0.075%	$70.4M	$301.0M	20x	as long as short
StandX XAU-USD	+0.0040%	1h	4,358.7	+0.207%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,386.7	+0.851%	—	$1.0M	25x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLDlong	+0.0050%	1h	4,349.7	long leg	$294.0M	$48.5M	25x
Ondo Perps XAU-USD.P	+0.0050%	1h	4,349.7	0.000%	$14.9M	$58.0M	25x	as long as short
QFEX GOLD-USD	+0.0051%	1h	4,353.6	+0.090%	$5.6M	$1.9M	20x	as long as short
Lighter XAU	+0.0056%	1h	4,352.9	+0.073%	$20.6M	$43.7M	25x	as long as short
Lighter RH XAU	+0.0064%	1h	4,355.4	+0.131%	$20.1M	$41.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,349.1	−0.014%	$2.0M	$5.0M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0076%	1h	4,352.2	+0.057%	$4.3M	$1.9M	20x	as long as short
Paradex XAU-USD-PERP	+0.0083%	8h	4,353.8	+0.095%	$19K	$5K	5x	as long as short
Variational Omni XAU	+0.0086%	4h	4,356	+0.146%	$48.2M	$28.1M	—	as long as short
Pacifica XAU	+0.0100%	1h	4,351.4	+0.039%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,352.6	+0.067%	$275K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,347	−0.061%	$25K	$14K	20x	as long as short
MEXC XAU_USDT	+0.0104%	4h	4,352.6	+0.067%	$375.4M	$324.1M	1000x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,351.8	+0.049%	$161K	$87	10x	as long as short
Binance XAUUSDT	+0.0105%	4h	4,352	+0.054%	$408.9M	$2.10B	100x	as long as short
edgeX XAUUSDC	+0.0112%	4h	4,351.9	+0.050%	$30.3M	$60.0M	50x	as long as short
GRVT XAU_USDT_Perp	+0.0120%	4h	4,355.1	+0.124%	$1.4M	$2.9M	25x	as long as short
Phoenix GOLD	+0.0121%	1h	4,356.9	+0.166%	$48K	$64K	25x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,352.9	+0.073%	$3.4M	$12.4M	25x	as long as short
Bullet GOLD-USD	+0.0168%	1h	4,352.7	+0.070%	$59K	$83K	10x	as long as short
Bybit XAUUSDTshort	+0.0180%	4h	4,353.1	+0.077%	$83.7M	$144.2M	150x
Bitget XAUUSDT	+0.0186%	4h	4,352.4	+0.062%	$69.5M	$109.5M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0233%	1h	4,353.7	+0.092%	$250K	$679K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0239%	8h	4,353.7	+0.092%	$164.8M	$281.5M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,351.7	+0.046%	$593K	$139K	25x	as long as short
Phemex XAUUSDT	+0.0373%	4h	4,357.9	+0.189%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0391% / S −0.0197%	1h	4,352.4	+0.062%	$251K	—	111x	as long as short
HTX XAU-USDT	+0.0557%	4h	4,359.9	+0.235%	$2.9M	$3.9M	75x	as long as short