Settings8H · net · $10k
Funding arb · Price arb /

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0233%/8h= −25.5% APRpaid last 24h −0.030%
Price spread now: Deribit against BloFin−0.088%57s7-day average −0.113% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$240.241% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.404%+$40 on $10k
Price spread, last 4 days (all we have)−0.024%−$2 · spread now −0.088%, 7d avg −0.113%
Together, before fees+0.380%+$38 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Deribit is 0.025% dearer against BloFin than usual: you sell high and buy low (spread −0.088% now, against its 7-day average of −0.113%): +$2 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 9 hours. Mind the row above: over the last 4 days funding on this pair paid +0.404%, so the current rate has only just turned against you. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin XAU-USDT4,3090.0401pay 0.0201% / 4h3h 43m$16.2M$5.0M100x
ShortDeribit GOLD_USDC-PERPETUAL4,305.20.0168get 0.0021% / 1h43m 26s$134K$881K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against BloFin. 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

Funding earned
−$48.97
Price spread: −0.088% → −0.113%
$2.49
Slippage, 4 orders
−$5.06
Fee BloFin: 6 bp × 2 orders
−$12
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$70.54
Costs to cover
0.241%
Break-even
never at this rate
Slippage from BloFin: live order book, 5 min ago; Deribit: live order book, 55 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 5 min ago0.01 bp6.0 bp −$66.0 bp −$607.2 bp −$723doesn't fit
Sell Deribit live order book, 55 min ago0.12 bp8.4 bp −$89.4 bp −$94doesn't fitdoesn't fit

XAU on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX XAU-USDT0.0000%4h4,310.9+0.043%$92K$6.9M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,302.1−0.162%$268K250xas long as short
Hotstuff GOLD-PERP+0.0016%1h4,308.7−0.007%$32K25xas long as short
Bybit XAUUSDT+0.0027%4h4,307.1−0.044%$76.9M$157.5M150xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.961%$619$5452xas long as short
Extended XAU-USD+0.0040%1h4,302.5−0.152%$13.0M$36.2M25xas long as short
Vest GC-PERP+0.0046%1h4,338.4+0.682%$1.0M25xas long as short
QFEX GOLD-USD+0.0046%1h4,305.8−0.074%$6.6M$3.2M20xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,302.9−0.142%$290.8M$54.5M25xas long as short
Polymarket Perps GOLD-USD+0.0050%1h4,303.3−0.133%$4.3M$1.8M20xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps XAU-USD.P+0.0050%1h4,302.8−0.144%$15.0M$55.7M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0056%1h4,307.5−0.035%$2.0M$5.1M25xas long as short
Paradex XAU-USD-PERP+0.0061%8h4,305.6−0.080%$2K$13K5xas long as short
Aster XAUUSD1+0.0061%4h4,307.8−0.027%$73.3M$271.9M20xas long as short
Lighter XAU+0.0080%1h4,305.3−0.087%$20.3M$28.7M25xas long as short
Lighter RH XAU+0.0080%1h4,307.8−0.028%$19.8M$39.7M25xas long as short
Phoenix GOLD+0.0095%1h4,305.5−0.081%$42K$86K25xas long as short
Pacifica XAU+0.0100%1h4,302.4−0.152%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,305.9−0.072%$276K$218K50xas long as short
StandX XAU-USD+0.0104%1h4,309.6+0.014%$3.8M$4.5M40xas long as short
Variational Omni XAU+0.0106%4h4,313.8+0.112%$46.8M$29.1Mas long as short
Kalshi KXGOLDPERP+0.0106%24h4,310.9+0.044%$3.7M$46.3M15xas long as short
Binance XAUUSDT+0.0110%4h4,306.4−0.061%$433.7M$2.22B100xas long as short
Gate XAU_USDT+0.0112%4h4,308.5−0.011%$295.0M$424.0M100xas long as short
MEXC XAU_USDT+0.0112%4h4,305.9−0.073%$359.9M$335.1M1000xas long as short
Aevo XAU-PERP+0.0112%1h4,306.8−0.052%$159K$8710xas long as short
edgeX XAUUSDC+0.0118%4h4,309.9+0.022%$30.0M$62.1M50xas long as short
GRVT XAU_USDT_Perp+0.0120%4h4,309.7+0.017%$1.4M$3.1M25xas long as short
RISEx XAU/USDC+0.0126%1h4,306.6−0.057%$4.4M$13.1M25xas long as short
Deribit GOLD_USDC-PERPETUALshort+0.0168%1h4,305.2−0.088%$134K$881K25x
Bitget XAUUSDT+0.0190%4h4,306.5−0.058%$70.2M$123.9M100xas long as short
Bullet GOLD-USD+0.0203%1h4,310+0.023%$58K$81K10xas long as short
OKX XAU-USDT-SWAP+0.0250%8h4,307.2−0.042%$170.2M$327.7M100xas long as short
Kraken Futures PF_XAUUSD+0.0328%1h4,304−0.115%$572K$138K25xas long as short
BloFin XAU-USDTlong+0.0401%4h4,309long leg$16.2M$5.0M100x
GMX GOLD/USD [ETH-USDC]L +0.0466% / S −0.0314%1h4,306−0.070%$255K111xas long as short
Phemex XAUUSDT+0.0699%4h4,309.8+0.018%$2.2M$951K100xas long as short
HTX XAU-USDT+0.1153%4h4,314.9+0.137%$3.2M$6.2M75xas long as short
Bluefin GOLD-PERP+0.2125%1h4,345.6+0.848%$25K$1K20xas long as short