Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0262%/8h= +28.7% APRpaid last 24h +0.056%

Price spread now: HTX against Aevo+0.123%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$440.435% of the position

Long on Aevo Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.054%−$5 on $10k

Price spread, last 4 days (all we have)−0.099%−$10 · spread now +0.123%, 7d avg +0.069%

Together, before fees−0.153%−$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and HTX is 0.055% dearer against Aevo than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.069%. Mind the row above: over the last 7 days funding on this pair cost −0.054%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.054% in total (about -2.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo XAU-PERP	4,322	0.0104	pay 0.0013% / 1h	49m 47s	$160K	$87	10x
Short	HTX XAU-USDT	4,327.4	0.0366	get 0.0183% / 4h	49m 47s	$3.2M	$5.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.123%Rate

Funding earned: $55.05
Price spread: +0.123% → +0.069%: $5.48
Slippage, 4 orders: −$15.52
Fee Aevo: 8 bp × 2 orders: −$16
Fee HTX: 6 bp × 2 orders: −$12
Net: $17
Costs to cover: 0.435%
Break-even: 4.8 days

Slippage from Aevo: live order book, 54 min ago; HTX: 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 Aevo live order book, 54 min ago	5.71 bp	15.3 bp −$15	28.5 bp −$285	doesn't fit	doesn't fit
Sell HTX live order book, 4 min ago	0.01 bp	6.0 bp −$6	6.0 bp −$60	19.2 bp −$1,922	29.8 bp −$14.9K

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	−0.0051%	1h	4,315.1	−0.160%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,326.8	+0.111%	$92K	$7.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,318.7	−0.078%	$270K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0024%	1h	4,318	−0.093%	$32K	—	25x	as long as short
Bybit XAUUSDT	+0.0027%	4h	4,323.2	+0.027%	$76.9M	$153.0M	150x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.657%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,323.2	+0.027%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,322	−0.001%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,354.5	+0.751%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,320.4	−0.038%	$291.7M	$51.6M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,318.4	−0.084%	$15.0M	$55.7M	25x	as long as short
Aster XAUUSD1	+0.0061%	4h	4,324	+0.045%	$72.7M	$272.7M	20x	as long as short
Paradex XAU-USD-PERP	+0.0071%	8h	4,321.8	−0.006%	$2K	$14K	5x	as long as short
Lighter XAU	+0.0072%	1h	4,322.4	+0.008%	$20.3M	$28.9M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,318.2	−0.088%	$2.1M	$4.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0087%	24h	4,323.7	+0.039%	$3.8M	$44.4M	15x	as long as short
Variational Omni XAU	+0.0092%	4h	4,321	−0.024%	$47.3M	$29.0M	—	as long as short
Phoenix GOLD	+0.0096%	1h	4,320.8	−0.028%	$47K	$79K	25x	as long as short
MEXC XAU_USDT	+0.0098%	4h	4,324.4	+0.054%	$364.8M	$325.2M	1000x	as long as short
Binance XAUUSDT	+0.0100%	4h	4,323.3	+0.028%	$425.4M	$2.14B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,318.7	−0.076%	$1.4M	$1.2M	10x	as long as short
Gate XAU_USDT	+0.0100%	4h	4,325.9	+0.089%	$279.5M	$410.6M	100x	as long as short
GRVT XAU_USDT_Perp	+0.0100%	4h	4,323.9	+0.044%	$1.4M	$3.0M	25x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,316.9	−0.119%	$272K	$208K	50x	as long as short
edgeX XAUUSDC	+0.0102%	4h	4,317.9	−0.096%	$30.0M	$59.5M	50x	as long as short
Aevo XAU-PERPlong	+0.0104%	1h	4,322	long leg	$160K	$87	10x
Lighter RH XAU	+0.0136%	1h	4,324	+0.046%	$20.0M	$38.7M	25x	as long as short
Extended XAU-USD	+0.0160%	1h	4,320.1	−0.044%	$13.1M	$36.8M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0190%	1h	4,322.5	+0.011%	$163K	$864K	25x	as long as short
Bitget XAUUSDT	+0.0202%	4h	4,324.4	+0.055%	$70.2M	$119.2M	100x	as long as short
Bullet GOLD-USD	+0.0207%	1h	4,322.8	+0.018%	$59K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0221%	1h	4,322.6	+0.013%	$4.3M	$2.0M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0228%	1h	4,320.1	−0.046%	$577K	$136K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0288%	8h	4,322.8	+0.018%	$173.4M	$300.4M	100x	as long as short
BloFin XAU-USDT	+0.0339%	4h	4,322.3	+0.007%	$16.4M	$4.6M	100x	as long as short
HTX XAU-USDTshort	+0.0366%	4h	4,327.4	+0.123%	$3.2M	$5.8M	75x
Phemex XAUUSDT	+0.0385%	4h	4,325.9	+0.090%	$2.2M	$975K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,322.8	+0.018%	$252K	—	111x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,323.2	+0.027%	$4.5M	$13.2M	25x	as long as short