Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0347%/8h= −38.0% APRpaid last 24h −0.076%

Price spread now: RISEx against BloFin−0.007%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$200.200% of the position

Long on BloFin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.240%−$24 on $10k

Price spread, last 4 days (all we have)−0.075%−$8 · spread now −0.007%, 7d avg +0.005%

Together, before fees−0.316%−$32 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XAU-USDT	4,348	0.0347	pay 0.0173% / 4h	36m 06s	$15.6M	$4.5M	100x
Short	RISEx XAU/USDC	4,347.7	0	get 0.0000% / 1h	36m 06s	$3.4M	$12.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.007%Rate

Funding earned: −$72.85
Price spread: −0.007% → +0.005%: −$1.27
Slippage, 4 orders: −$2
Fee BloFin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$94.12
Costs to cover: 0.200%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; RISEx: live order book, 3 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 BloFin live order book, 3 min ago	0.01 bp	6.0 bp −$6	6.0 bp −$60	6.6 bp −$661	doesn't fit
Sell RISEx live order book, 3 min ago	0.99 bp	4.0 bp −$4	4.3 bp −$43	38.9 bp −$3,893	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
RISEx XAU/USDCshort	0.0000%	1h	4,347.7	−0.007%	$3.4M	$12.3M	25x
SunX XAU-USDT	0.0000%	4h	4,351.4	+0.078%	$92K	$9.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,343.4	−0.105%	$271K	—	250x	as long as short
Gate XAU_USDT	+0.0010%	4h	4,347.9	−0.002%	$267.7M	$411.6M	100x	as long as short
Lighter XAU	+0.0032%	1h	4,345.6	−0.054%	$20.8M	$37.8M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,343.5	−0.103%	$13.3M	$38.5M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.056%	$619	$54	52x	as long as short
Lighter RH XAU	+0.0040%	1h	4,348	0.000%	$20.1M	$39.2M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,347.7	−0.006%	$3.8M	$4.6M	40x	as long as short
QFEX GOLD-USD	+0.0041%	1h	4,347.8	−0.004%	$5.7M	$2.0M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXGOLDPERP	+0.0045%	24h	4,346	−0.046%	$4.1M	$37.2M	15x	as long as short
Vest GC-PERP	+0.0046%	1h	4,380.8	+0.755%	—	$1.1M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,344.3	−0.085%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,343.7	−0.098%	$293.7M	$48.7M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,344.1	−0.090%	$15.1M	$56.8M	25x	as long as short
Aster XAUUSD1	+0.0065%	4h	4,347.8	−0.005%	$71.0M	$333.7M	20x	as long as short
Variational Omni XAU	+0.0080%	4h	4,346.7	−0.030%	$48.5M	$27.8M	—	as long as short
Paradex XAU-USD-PERP	+0.0086%	8h	4,347.7	−0.007%	$19K	$5K	5x	as long as short
GRVT XAU_USDT_Perp	+0.0086%	4h	4,349.1	+0.026%	$1.4M	$3.0M	25x	as long as short
MEXC XAU_USDT	+0.0094%	4h	4,347	−0.022%	$373.2M	$317.5M	1000x	as long as short
Binance XAUUSDT	+0.0095%	4h	4,347.2	−0.019%	$414.2M	$2.09B	100x	as long as short
edgeX XAUUSDC	+0.0098%	4h	4,343.6	−0.100%	$30.2M	$58.2M	50x	as long as short
Pacifica XAU	+0.0100%	1h	4,344.7	−0.075%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,347.7	−0.006%	$275K	$203K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,347	−0.022%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0142%	1h	4,347.3	−0.016%	$47K	$77K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0153%	1h	4,346.8	−0.027%	$4.3M	$1.9M	20x	as long as short
Hotstuff GOLD-PERP	+0.0160%	1h	4,345.2	−0.064%	$33K	—	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0194%	1h	4,344.2	−0.086%	$592K	$132K	25x	as long as short
Bullet GOLD-USD	+0.0203%	1h	4,347.5	−0.010%	$59K	$82K	10x	as long as short
Phemex XAUUSDT	+0.0205%	4h	4,349.7	+0.040%	$2.2M	$967K	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0233%	1h	4,345.9	−0.048%	$243K	$789K	25x	as long as short
Bitget XAUUSDT	+0.0234%	4h	4,347.1	−0.020%	$70.0M	$109.2M	100x	as long as short
Bybit XAUUSDT	+0.0238%	4h	4,348.3	+0.007%	$85.0M	$144.9M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0284%	8h	4,348.3	+0.007%	$165.5M	$281.7M	100x	as long as short
Bluefin GOLD-PERP	+0.0336%	1h	4,341	−0.160%	$25K	$14K	20x	as long as short
BloFin XAU-USDTlong	+0.0347%	4h	4,348	long leg	$15.6M	$4.5M	100x
GMX GOLD/USD [ETH-USDC]	L +0.0413% / S −0.0230%	1h	4,347.5	−0.012%	$248K	—	111x	as long as short
HTX XAU-USDT	+0.0628%	4h	4,352.7	+0.109%	$2.9M	$4.3M	75x	as long as short