Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0200%/8h= −21.9% APRpaid last 24h −0.098%

Price spread now: StandX against BloFin−0.021%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$250.249% of the position

Long on BloFin Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.419%−$42 on $10k

Price spread, last 3 days (all we have)−0.019%−$2 · spread now −0.021%, 7d avg +0.004%

Together, before fees−0.438%+ Points / potential airdropStandX: Active · farm board−$44 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and StandX is 0.024% cheaper against BloFin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.004%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XAU-USDT	4,353.9	0.0240	pay 0.0120% / 4h	1h 45m	$14.7M	$4.3M	100x
Short	StandX XAU-USD	4,353	0.0040	get 0.0005% / 1h	45m 01s	$3.8M	$4.7M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$42
Price spread: −0.021% → +0.004%: −$2.45
Slippage, 4 orders: −$4.93
Fee BloFin: 6 bp × 2 orders: −$12
Fee StandX: 4 bp × 2 orders: −$8
Net: −$69.38
Costs to cover: 0.249%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; StandX: 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 BloFin live order book, 4 min ago	0.57 bp	6.6 bp −$7	6.9 bp −$69	8.3 bp −$827	doesn't fit
Sell StandX live order book, 4 min ago	0.12 bp	4.5 bp −$5	4.8 bp −$48	8.3 bp −$829	13.8 bp −$6,923

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	4,351.2	−0.062%	$600K	$160K	25x	as long as short
tradeXYZ xyz:GOLD	−0.0047%	1h	4,349.4	−0.104%	$292.9M	$53.7M	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,353.8	−0.003%	$71.3M	$238.4M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,353.2	−0.016%	$410.4M	$2.09B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,353.9	+0.001%	$82.5M	$141.8M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,353.9	0.000%	$3.4M	$12.5M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,354.1	+0.004%	$271.0M	$407.2M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,353.3	−0.013%	$374.5M	$349.4M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,353.3	−0.014%	$67.3M	$110.9M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,352.9	−0.022%	$47.9M	$32.4M	—	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	4,352.9	−0.023%	$1.4M	$3.2M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,351.6	−0.053%	$4.0M	$34.1M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,357.5	+0.081%	$93K	$10.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,349.7	−0.096%	$267K	—	10x	as long as short
QFEX GOLD-USD	+0.0002%	1h	4,352.2	−0.039%	$5.5M	$1.9M	20x	as long as short
Hotstuff GOLD-PERP	+0.0008%	1h	4,349.1	−0.110%	$33K	—	25x	as long as short
edgeX XAUUSDC	+0.0012%	4h	4,348.3	−0.128%	$30.3M	$58.2M	50x	as long as short
Lighter XAU	+0.0032%	1h	4,351.9	−0.047%	$20.8M	$43.4M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,353.7	−0.004%	$20.2M	$41.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,349.7	−0.097%	$13.1M	$49.4M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.080%	$619	$54	52x	as long as short
StandX XAU-USDshort	+0.0040%	1h	4,353	−0.021%	$3.8M	$4.7M	40x
Vest GC-PERP	+0.0046%	1h	4,387.5	+0.771%	—	$1.0M	25x	as long as short
HTX XAU-USDT	+0.0048%	4h	4,356.9	+0.069%	$2.8M	$3.8M	75x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,352.3	−0.037%	$4.3M	$1.7M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,349.5	−0.101%	$14.4M	$55.5M	25x	as long as short
Paradex XAU-USD-PERP	+0.0051%	8h	4,353.5	−0.009%	$19K	$6K	5x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,352.9	−0.023%	$161K	$87	10x	as long as short
Bullet GOLD-USD	+0.0098%	1h	4,353.5	−0.009%	$59K	$84K	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,350.6	−0.076%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,350.2	−0.086%	$273K	$204K	50x	as long as short
Phoenix GOLD	+0.0109%	1h	4,349.7	−0.097%	$47K	$65K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0118%	1h	4,351.8	−0.048%	$221K	$853K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0164%	8h	4,354	+0.002%	$158.6M	$267.6M	100x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0208%	1h	4,350.8	−0.071%	$2.0M	$5.1M	25x	as long as short
BloFin XAU-USDTlong	+0.0240%	4h	4,353.9	long leg	$14.7M	$4.3M	100x
Phemex XAUUSDT	+0.0310%	4h	4,354.1	+0.005%	$2.2M	$1.1M	100x	as long as short
Bluefin GOLD-PERP	+0.0420%	1h	4,347.6	−0.145%	$26K	$21K	20x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0450% / S −0.0246%	1h	4,353.5	−0.009%	$251K	—	29x	as long as short