Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0182%/8h= +19.9% APRpaid last 24h +0.079%

Price spread now: BloFin against Aevo+0.206%473s7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$430.428% of the position

Long on Aevo Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.311%+$31 on $10k

Price spread, last 3 days (all we have)−0.193%−$19 · spread now +0.206%, 7d avg +0.022%

Together, before fees+0.118%+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and BloFin is 0.183% dearer against Aevo than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.022%. The two prices were read 473 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo XAU-PERP	4,355.8	0.0104	pay 0.0013% / 1h	41m 20s	$161K	$87	10x
Short	BloFin XAU-USDT	4,364.8	0.0286	get 0.0143% / 4h	2h 41m	$15.5M	$4.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Aevo. 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 AevobpFee BloFinbpOrdersPrice spread, now +0.206%Rate

Funding earned: $38.2
Price spread: +0.206% → +0.022%: $18.34
Slippage, 4 orders: −$14.79
Fee Aevo: 8 bp × 2 orders: −$16
Fee BloFin: 6 bp × 2 orders: −$12
Net: $13.75
Costs to cover: 0.428%
Break-even: 4.5 days

Slippage from Aevo: live order book, 27 min ago; BloFin: live order book, 8 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 Aevo live order book, 27 min ago	6.00 bp	15.2 bp −$15	26.7 bp −$267	doesn't fit	doesn't fit
Sell BloFin live order book, 8 min ago	0.01 bp	6.0 bp −$6	6.1 bp −$61	7.7 bp −$767	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
Bluefin GOLD-PERP	−0.0318%	1h	4,348.4	−0.172%	$25K	$14K	20x	as long as short
Hotstuff GOLD-PERP	−0.0104%	1h	4,352	−0.088%	$33K	—	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,356.5	+0.015%	$69.7M	$280.9M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,357.3	+0.033%	$263.1M	$406.5M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,353.2	−0.061%	$4.1M	$36.6M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,361.1	+0.121%	$93K	$9.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,352.5	−0.077%	$269K	—	250x	as long as short
Extended XAU-USD	+0.0032%	1h	4,352.3	−0.081%	$13.6M	$43.0M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.124%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,358.2	+0.054%	$3.8M	$4.7M	40x	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	4,389.1	+0.764%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,354.3	−0.036%	$20.6M	$43.5M	25x	as long as short
Lighter RH XAU	+0.0048%	1h	4,356.8	+0.023%	$20.1M	$40.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,352.5	−0.077%	$293.8M	$48.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,352.8	−0.070%	$15.0M	$57.5M	25x	as long as short
QFEX GOLD-USD	+0.0051%	1h	4,354.6	−0.029%	$5.6M	$1.9M	20x	as long as short
Polymarket Perps GOLD-USD	+0.0060%	1h	4,354.8	−0.024%	$4.3M	$1.9M	20x	as long as short
Variational Omni XAU	+0.0061%	4h	4,355.7	−0.003%	$48.3M	$28.4M	—	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,350.6	−0.120%	$2.0M	$5.0M	25x	as long as short
MEXC XAU_USDT	+0.0080%	4h	4,355.5	−0.009%	$372.5M	$321.3M	1000x	as long as short
Binance XAUUSDT	+0.0082%	4h	4,355.8	0.000%	$410.2M	$2.10B	100x	as long as short
Paradex XAU-USD-PERP	+0.0085%	8h	4,355	−0.019%	$19K	$5K	5x	as long as short
edgeX XAUUSDC	+0.0098%	4h	4,351.9	−0.090%	$30.3M	$60.4M	50x	as long as short
Pacifica XAU	+0.0100%	1h	4,351.7	−0.095%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,353.3	−0.057%	$275K	$204K	50x	as long as short
Aevo XAU-PERPlong	+0.0104%	1h	4,355.8	long leg	$161K	$87	10x
Phoenix GOLD	+0.0121%	1h	4,354.7	−0.026%	$48K	$64K	25x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,355.2	−0.015%	$3.4M	$12.4M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0138%	4h	4,358.7	+0.065%	$1.4M	$3.0M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0140%	1h	4,355.2	−0.015%	$234K	$661K	25x	as long as short
Bitget XAUUSDT	+0.0144%	4h	4,357.1	+0.030%	$69.3M	$109.7M	100x	as long as short
Bullet GOLD-USD	+0.0156%	1h	4,355.5	−0.007%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0183%	4h	4,357.3	+0.034%	$84.1M	$143.6M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0224%	8h	4,358.1	+0.052%	$164.8M	$284.8M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,353.1	−0.062%	$594K	$141K	25x	as long as short
BloFin XAU-USDTshort	+0.0286%	4h	4,364.8	+0.206%	$15.5M	$4.6M	100x
GMX GOLD/USD [ETH-USDC]	L +0.0394% / S −0.0199%	1h	4,355.5	−0.007%	$253K	—	111x	as long as short
Phemex XAUUSDT	+0.0411%	4h	4,360.9	+0.115%	$2.2M	$1.1M	100x	as long as short
HTX XAU-USDT	+0.0530%	4h	4,361	+0.118%	$2.9M	$3.9M	75x	as long as short