Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0190%/8h= −20.8% APRpaid last 24h −0.106%

Price spread now: Ondo Perps against BloFin−0.092%7-day average −0.132% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.438%−$44 on $10k

Price spread, last 3 days (all we have)−0.086%−$9 · spread now −0.092%, 7d avg −0.132%

Together, before fees−0.524%+ Points / potential airdropOndo Perps: Active · farm board−$52 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.040% dearer against BloFin than usual: you sell high and buy low (spread −0.092% now, against its 7-day average of −0.132%): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XAU-USDT	4,353.5	0.0240	pay 0.0120% / 4h	1h 46m	$14.8M	$4.3M	100x
Short	Ondo Perps XAU-USD.P	4,349.5	0.0050	get 0.0006% / 1h	46m 12s	$14.4M	$55.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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

Position, each leg$Hold fordaysFee BloFinbpFee Ondo PerpsbpOrdersPrice spread, now −0.092%Rate

Funding earned: −$39.82
Price spread: −0.092% → −0.132%: $3.99
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$52.82
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 3 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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 BloFin live order book, 3 min ago	0.57 bp	6.6 bp −$7	6.9 bp −$69	8.3 bp −$827	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kraken Futures PF_XAUUSD	−0.0175%	1h	4,351.3	−0.052%	$600K	$160K	25x	as long as short
tradeXYZ xyz:GOLD	−0.0055%	1h	4,348.8	−0.108%	$292.8M	$53.5M	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,353.7	+0.005%	$71.3M	$238.6M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,353.6	+0.001%	$410.4M	$2.09B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,354	+0.011%	$82.5M	$141.8M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,353.4	−0.004%	$3.4M	$12.5M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,354.3	+0.018%	$271.0M	$407.1M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,353.4	−0.004%	$374.5M	$349.2M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,353.8	+0.006%	$67.3M	$110.9M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,351.3	−0.050%	$47.9M	$32.5M	—	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XAU_USDT_Perp	0.0000%	4h	4,352.5	−0.024%	$1.4M	$3.2M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,351.9	−0.037%	$4.0M	$34.1M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,357.4	+0.090%	$93K	$10.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,350.1	−0.079%	$267K	—	10x	as long as short
QFEX GOLD-USD	+0.0002%	1h	4,352	−0.035%	$5.5M	$1.9M	20x	as long as short
edgeX XAUUSDC	+0.0014%	4h	4,346.6	−0.160%	$30.3M	$58.2M	50x	as long as short
Lighter XAU	+0.0032%	1h	4,352.3	−0.027%	$20.8M	$43.4M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,354.1	+0.014%	$20.2M	$41.1M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,350.1	−0.080%	$13.0M	$49.5M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.071%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,353	−0.012%	$3.8M	$4.7M	40x	as long as short
HTX XAU-USDT	+0.0044%	4h	4,356.9	+0.078%	$2.8M	$3.8M	75x	as long as short
Vest GC-PERP	+0.0046%	1h	4,387.5	+0.781%	—	$1.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0048%	1h	4,348.5	−0.115%	$33K	—	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,351.8	−0.040%	$4.3M	$1.7M	20x	as long as short
Ondo Perps XAU-USD.Pshort	+0.0050%	1h	4,349.5	−0.092%	$14.4M	$55.4M	25x
Paradex XAU-USD-PERP	+0.0051%	8h	4,353.5	−0.001%	$19K	$6K	5x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,352.8	−0.016%	$161K	$87	10x	as long as short
Bullet GOLD-USD	+0.0096%	1h	4,353.5	−0.001%	$59K	$84K	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,350.3	−0.074%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,349.7	−0.088%	$273K	$204K	50x	as long as short
Phoenix GOLD	+0.0109%	1h	4,348.8	−0.108%	$47K	$65K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0141%	1h	4,352.2	−0.030%	$221K	$853K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0164%	8h	4,354	+0.011%	$158.6M	$268.1M	100x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0208%	1h	4,350.8	−0.062%	$2.0M	$5.1M	25x	as long as short
BloFin XAU-USDTlong	+0.0240%	4h	4,353.5	long leg	$14.8M	$4.3M	100x
Phemex XAUUSDT	+0.0316%	4h	4,354.1	+0.014%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0450% / S −0.0246%	1h	4,353.5	−0.001%	$251K	—	29x	as long as short
Bluefin GOLD-PERP	+0.0533%	1h	4,347.7	−0.135%	$26K	$21K	20x	as long as short