Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0081%/8h= −8.9% APRpaid last 24h −0.215%

Price spread now: Binance against Bluefin+0.152%7-day average — · you sell dearer than you buy

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

Long on Bluefin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Binance is 0.152% dearer against Bluefin than usual: you sell high and buy low (spread +0.152% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin GOLD-PERP	4,354.9	0.0100	pay 0.0013% / 1h	26m 01s	$26K	$22K	20x
Short	Binance XAUUSDT	4,361.5	0.0019	get 0.0009% / 4h	3h 26m	$411.9M	$2.15B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bluefin. 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 BluefinbpFee BinancebpOrdersPrice spread, now +0.152%Rate

Funding earned: −$17.03
Price spread: +0.152% → 0.000%: $15.2
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$18.83
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bluefin: no order-book sample; Binance: live order book, 3 min ago. 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 Bluefin no order-book sample	—	—	—	—	—
Sell Binance live order book, 3 min ago	0.01 bp	5.0 bp −$5	5.5 bp −$55	8.1 bp −$812	doesn't fit

Bluefin: 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
Aster XAUUSD1	0.0000%	4h	4,361.5	+0.152%	$71.1M	$200.2M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,362.5	+0.177%	$265.5M	$415.7M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,359	+0.095%	$4.0M	$36.6M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,366.5	+0.267%	$93K	$10.2M	20x	as long as short
Variational Omni XAU	0.0000%	4h	4,360.4	+0.128%	$47.8M	$28.1M	—	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,357.8	+0.068%	$267K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0016%	1h	4,358.3	+0.079%	$33K	—	25x	as long as short
MEXC XAU_USDT	+0.0016%	4h	4,362.1	+0.166%	$373.2M	$327.5M	1000x	as long as short
Binance XAUUSDTshort	+0.0019%	4h	4,361.5	+0.152%	$411.9M	$2.15B	100x
edgeX XAUUSDC	+0.0026%	4h	4,356.1	+0.029%	$30.3M	$60.3M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.102%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,362.9	+0.185%	$3.8M	$4.7M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,361.1	+0.144%	$5.6M	$1.9M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,395.4	+0.931%	—	$1.0M	25x	as long as short
RISEx XAU/USDC	+0.0048%	1h	4,361.8	+0.159%	$3.4M	$12.3M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,358.5	+0.084%	$293.9M	$52.6M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,357	+0.048%	$14.7M	$57.2M	25x	as long as short
Bitget XAUUSDT	+0.0054%	4h	4,361.5	+0.154%	$69.6M	$113.3M	100x	as long as short
Phoenix GOLD	+0.0055%	1h	4,360.2	+0.123%	$48K	$64K	25x	as long as short
BloFin XAU-USDT	+0.0072%	4h	4,363.5	+0.197%	$15.5M	$4.5M	100x	as long as short
Lighter XAU	+0.0072%	1h	4,360.9	+0.138%	$20.6M	$44.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0081%	8h	4,361.5	+0.152%	$19K	$5K	5x	as long as short
Aevo XAU-PERP	+0.0088%	1h	4,360.7	+0.134%	$161K	$87	10x	as long as short
Lighter RH XAU	+0.0096%	1h	4,363.6	+0.200%	$20.2M	$41.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,357.8	+0.068%	$2.0M	$5.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,358.2	+0.077%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,361.6	+0.156%	$275K	$204K	50x	as long as short
Bluefin GOLD-PERPlong	+0.0100%	1h	4,354.9	long leg	$26K	$22K	20x
Extended XAU-USD	+0.0104%	1h	4,357.4	+0.058%	$13.5M	$43.8M	25x	as long as short
Bybit XAUUSDT	+0.0114%	4h	4,362	+0.164%	$83.0M	$143.7M	150x	as long as short
Polymarket Perps GOLD-USD	+0.0127%	1h	4,360.2	+0.123%	$4.3M	$1.8M	20x	as long as short
GRVT XAU_USDT_Perp	+0.0152%	4h	4,362.7	+0.181%	$1.4M	$3.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0198%	8h	4,362.2	+0.169%	$164.1M	$288.7M	100x	as long as short
Bullet GOLD-USD	+0.0213%	1h	4,361.4	+0.151%	$59K	$81K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,358.7	+0.088%	$594K	$151K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0232%	1h	4,360.3	+0.125%	$235K	$656K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0388% / S −0.0197%	1h	4,362.2	+0.168%	$252K	—	111x	as long as short
Phemex XAUUSDT	+0.0471%	4h	4,365.1	+0.236%	$2.2M	$1.1M	100x	as long as short
HTX XAU-USDT	+0.0602%	4h	4,366.9	+0.277%	$2.9M	$3.9M	75x	as long as short