Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.1008%/8h= +110.4% APRpaid last 24h +0.083%

Price spread now: HTX against ApeX Omni+0.209%7-day average +0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

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

costs, in and out, $10k−$490.491% of the position

Long on ApeX Omni Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$4 on $10k

Price spread, last 4 days (all we have)+0.048%+$5 · spread now +0.209%, 7d avg +0.097%

Together, before fees+0.003%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and HTX is 0.111% dearer against ApeX Omni than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.097%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.045% in total (about -2.3% 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	ApeX Omni XAUUSDT	4,330	0.0100	pay 0.0013% / 1h	57m 30s	$284K	$232K	50x
Short	HTX XAU-USDT	4,339	0.1108	get 0.0554% / 4h	2h 57m	$3.2M	$7.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against ApeX Omni. 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 ApeX OmnibpFee HTXbpOrdersPrice spread, now +0.209%Rate

Funding earned: $211.67
Price spread: +0.209% → +0.097%: $11.13
Slippage, 4 orders: −$27.13
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: $173.66
Costs to cover: 0.491%
Break-even: 1.3 days

Slippage from ApeX Omni: live order book, 35 min ago; HTX: live order book, 2 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 ApeX Omni live order book, 35 min ago	3.65 bp	16.3 bp −$16	28.4 bp −$284	51.6 bp −$5,160	doesn't fit
Sell HTX live order book, 2 min ago	0.01 bp	9.4 bp −$9	11.7 bp −$117	19.2 bp −$1,919	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
SunX XAU-USDT	0.0000%	4h	4,334.7	+0.109%	$92K	$6.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,330.7	+0.015%	$275K	—	250x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0024%	1h	4,327.4	−0.060%	$2.0M	$5.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.472%	$619	$54	52x	as long as short
Bluefin GOLD-PERP	+0.0035%	1h	4,325.1	−0.112%	$25K	$1K	20x	as long as short
QFEX GOLD-USD	+0.0038%	1h	4,328.4	−0.037%	$6.6M	$3.0M	20x	as long as short
StandX XAU-USD	+0.0040%	1h	4,332.7	+0.062%	$3.8M	$4.5M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,362.5	+0.751%	—	$1.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0048%	1h	4,326.4	−0.083%	$32K	—	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,326.2	−0.088%	$292.2M	$55.4M	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	4,325.5	−0.103%	$15.1M	$57.3M	25x	as long as short
RISEx XAU/USDC	+0.0056%	1h	4,330.3	+0.008%	$4.6M	$13.6M	25x	as long as short
Paradex XAU-USD-PERP	+0.0058%	8h	4,328.9	−0.025%	$2K	$13K	5x	as long as short
Aster XAUUSD1	+0.0059%	4h	4,330.8	+0.017%	$74.4M	$272.9M	20x	as long as short
Extended XAU-USD	+0.0080%	1h	4,325.5	−0.104%	$12.7M	$35.8M	25x	as long as short
Lighter RH XAU	+0.0088%	1h	4,330.9	+0.021%	$19.8M	$38.5M	25x	as long as short
Variational Omni XAU	+0.0093%	4h	4,332	+0.045%	$47.2M	$30.1M	—	as long as short
Phoenix GOLD	+0.0095%	1h	4,333.5	+0.081%	$43K	$67K	25x	as long as short
Lighter XAU	+0.0096%	1h	4,328.8	−0.027%	$20.2M	$29.3M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,325.7	−0.099%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDTlong	+0.0100%	1h	4,330	long leg	$284K	$232K	50x
Gate XAU_USDT	+0.0102%	4h	4,331.3	+0.030%	$299.3M	$428.1M	100x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,330.1	+0.003%	$160K	$87	10x	as long as short
MEXC XAU_USDT	+0.0114%	4h	4,329.4	−0.013%	$353.5M	$347.5M	1000x	as long as short
Binance XAUUSDT	+0.0115%	4h	4,329.2	−0.018%	$435.8M	$2.35B	100x	as long as short
Polymarket Perps GOLD-USD	+0.0120%	1h	4,328.9	−0.025%	$4.3M	$1.7M	20x	as long as short
Kalshi KXGOLDPERP	+0.0120%	24h	4,333.4	+0.079%	$3.5M	$48.5M	15x	as long as short
edgeX XAUUSDC	+0.0127%	4h	4,330.2	+0.004%	$30.3M	$64.9M	50x	as long as short
GRVT XAU_USDT_Perp	+0.0132%	4h	4,331.1	+0.026%	$1.4M	$3.0M	25x	as long as short
Bybit XAUUSDT	+0.0140%	4h	4,330.6	+0.014%	$81.6M	$169.7M	150x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0166%	1h	4,328.8	−0.028%	$134K	$780K	25x	as long as short
Bullet GOLD-USD	+0.0169%	1h	4,331.6	+0.037%	$58K	$77K	10x	as long as short
Bitget XAUUSDT	+0.0196%	4h	4,329.2	−0.018%	$72.0M	$132.6M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0244%	8h	4,330	0.000%	$170.8M	$354.5M	100x	as long as short
Phemex XAUUSDT	+0.0304%	4h	4,333.9	+0.090%	$2.2M	$961K	100x	as long as short
BloFin XAU-USDT	+0.0356%	4h	4,332.2	+0.051%	$16.2M	$5.5M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0411%	1h	4,328.5	−0.034%	$583K	$150K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0466% / S −0.0313%	1h	4,332.8	+0.064%	$256K	—	111x	as long as short
HTX XAU-USDTshort	+0.1108%	4h	4,339	+0.209%	$3.2M	$7.0M	75x