Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0206%/8h= +22.5% APRpaid last 24h −0.185%

Price spread now: Bitget against Bluefin+0.161%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 Bitget

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

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Bitget is 0.161% dearer against Bluefin than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin GOLD-PERP	4,357.5	−0.0206	get 0.0026% / 1h	23m 20s	$26K	$22K	20x
Short	Bitget XAUUSDT	4,364.6	0	get 0.0000% / 4h	23m 20s	$69.6M	$113.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.161%Rate

Funding earned: $43.21
Price spread: +0.161% → 0.000%: $16.13
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: $40.35
Costs to cover: 0.190%
Break-even: 0.5 days

Slippage unknown: Bluefin: no order-book sample; Bitget: live order book, 6 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 Bitget live order book, 6 min ago	0.01 bp	6.6 bp −$7	7.7 bp −$77	11.9 bp −$1,187	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
Bluefin GOLD-PERPlong	−0.0206%	1h	4,357.5	long leg	$26K	$22K	20x
Hotstuff GOLD-PERP	−0.0016%	1h	4,360.5	+0.068%	$33K	—	25x	as long as short
Phoenix GOLD	−0.0004%	1h	4,360.3	+0.064%	$48K	$65K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,365	+0.171%	$71.6M	$225.6M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,365.1	+0.174%	$406.9M	$2.13B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,365.4	+0.180%	$82.5M	$142.3M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,364.7	+0.164%	$3.4M	$12.3M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,365.1	+0.174%	$269.1M	$412.8M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,364.6	+0.163%	$376.1M	$322.8M	1000x	as long as short
Bitget XAUUSDTshort	0.0000%	4h	4,364.6	+0.161%	$69.6M	$113.3M	100x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XAU	0.0000%	4h	4,362.9	+0.122%	$48.4M	$30.2M	—	as long as short
GRVT XAU_USDT_Perp	0.0000%	4h	4,362.9	+0.123%	$1.4M	$3.1M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,362.9	+0.123%	$4.1M	$36.0M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,369.1	+0.266%	$93K	$10.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,360.7	+0.074%	$267K	—	250x	as long as short
edgeX XAUUSDC	+0.0013%	4h	4,358.6	+0.024%	$30.3M	$58.6M	50x	as long as short
QFEX GOLD-USD	+0.0032%	1h	4,364.9	+0.169%	$5.4M	$1.8M	20x	as long as short
Extended XAU-USD	+0.0032%	1h	4,360.7	+0.072%	$13.1M	$45.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.163%	$619	$54	52x	as long as short
Lighter XAU	+0.0040%	1h	4,364.1	+0.151%	$20.7M	$44.7M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,364	+0.148%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,398.6	+0.943%	—	$1.0M	25x	as long as short
Lighter RH XAU	+0.0048%	1h	4,366.4	+0.204%	$20.3M	$42.1M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,360.6	+0.070%	$293.6M	$52.3M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,360.8	+0.075%	$14.5M	$56.6M	25x	as long as short
Paradex XAU-USD-PERP	+0.0052%	8h	4,365	+0.172%	$19K	$5K	5x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,364	+0.148%	$162K	$87	10x	as long as short
Polymarket Perps GOLD-USD	+0.0095%	1h	4,364	+0.148%	$4.3M	$1.8M	20x	as long as short
Bullet GOLD-USD	+0.0096%	1h	4,364.8	+0.166%	$59K	$81K	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,361.1	+0.082%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,360.7	+0.072%	$277K	$204K	50x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0152%	1h	4,361.7	+0.096%	$2.0M	$5.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0159%	8h	4,365.9	+0.192%	$158.9M	$273.5M	100x	as long as short
HTX XAU-USDT	+0.0165%	4h	4,368.2	+0.245%	$2.8M	$3.7M	75x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0209%	1h	4,363.1	+0.128%	$235K	$736K	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0220%	1h	4,361.9	+0.100%	$602K	$136K	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,364.7	+0.165%	$14.8M	$4.5M	100x	as long as short
Phemex XAUUSDT	+0.0335%	4h	4,367	+0.218%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,364.8	+0.166%	$252K	—	111x	as long as short