Settings8H · net · $10k
Funding arb · Price arb /

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0424%/8h= +46.4% APRnext payment +$0.53 per $10,000 · paid last 24h −0.212%
Price spread now: GMX against Bluefin+0.174%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and GMX is 0.174% dearer against Bluefin than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin GOLD-PERP4,363−0.0227get 0.0028% / 1h15m 35s$26K$22K20x
ShortGMX GOLD/USD [ETH-USDC]4,370.5L +0.0389% / S −0.0197%get 0.0025% / 1h15m 35s$252K111x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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

Funding earned
$89
Price spread: +0.174% → 0.000%
$17.36
Slippage, 4 orders
no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee GMX: 6 bp × 2 orders
−$12
Net
$87.36
Costs to cover
0.190%
Break-even
0.1 days
Slippage unknown: Bluefin: no order-book sample; GMX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bluefin no order-book sample
Sell GMX no order-book sample
Bluefin and GMX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin GOLD-PERPlong−0.0227%1h4,363long leg$26K$22K20x
Hotstuff GOLD-PERP−0.0008%1h4,366.9+0.091%$33K25xas long as short
Phoenix GOLD−0.0004%1h4,370.3+0.168%$48K$65K25xas long as short
Aster XAUUSD10.0000%4h4,371.1+0.187%$71.9M$224.9M20xas long as short
Binance XAUUSDT0.0000%4h4,370.4+0.170%$410.8M$2.14B100xas long as short
Bybit XAUUSDT0.0000%4h4,370.9+0.182%$82.7M$142.6M150xas long as short
RISEx XAU/USDC0.0000%1h4,371+0.185%$3.4M$12.3M25xas long as short
Gate XAU_USDT0.0000%4h4,371.4+0.193%$267.4M$417.6M100xas long as short
MEXC XAU_USDT0.0000%4h4,370.3+0.169%$375.4M$324.1M1000xas long as short
Bitget XAUUSDT0.0000%4h4,370.5+0.173%$69.6M$113.4M100xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni XAU0.0000%4h4,370.5+0.173%$48.5M$29.3Mas long as short
GRVT XAU_USDT_Perp0.0000%4h4,371+0.185%$1.4M$3.1M25xas long as short
Kalshi KXGOLDPERP0.0000%24h4,368+0.116%$4.0M$36.2M15xas long as short
SunX XAU-USDT0.0000%4h4,375.3+0.284%$93K$10.6M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,366.6+0.084%$268K250xas long as short
edgeX XAUUSDC+0.0009%4h4,365.9+0.067%$30.4M$59.4M50xas long as short
QFEX GOLD-USD+0.0032%1h4,370+0.162%$5.4M$1.9M20xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.287%$619$5452xas long as short
Lighter XAU+0.0040%1h4,369.7+0.155%$20.7M$44.9M25xas long as short
StandX XAU-USD+0.0040%1h4,371.5+0.196%$3.8M$4.7M40xas long as short
Vest GC-PERP+0.0046%1h4,405.1+0.966%$1.0M25xas long as short
Lighter RH XAU+0.0048%1h4,372.2+0.212%$20.2M$42.3M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,367+0.093%$294.2M$52.5M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,367+0.092%$14.7M$57.0M25xas long as short
Paradex XAU-USD-PERP+0.0054%8h4,370.5+0.173%$19K$5K5xas long as short
Extended XAU-USD+0.0056%1h4,366.8+0.087%$13.1M$45.5M25xas long as short
Aevo XAU-PERP+0.0080%1h4,370.1+0.164%$162K$8710xas long as short
Pacifica XAU+0.0100%1h4,367.4+0.102%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,368.6+0.128%$277K$204K50xas long as short
Polymarket Perps GOLD-USD+0.0104%1h4,370+0.162%$4.3M$1.8M20xas long as short
Bullet GOLD-USD+0.0109%1h4,370.7+0.177%$59K$81K10xas long as short
Coinbase International GOLD-PERP-INTX+0.0152%1h4,370.1+0.164%$2.0M$5.1M25xas long as short
OKX XAU-USDT-SWAP+0.0162%8h4,371.4+0.194%$158.6M$274.4M100xas long as short
HTX XAU-USDT+0.0181%4h4,377+0.322%$2.8M$3.8M75xas long as short
Kraken Futures PF_XAUUSD+0.0219%1h4,367.7+0.110%$602K$137K25xas long as short
BloFin XAU-USDT+0.0240%4h4,371+0.185%$14.8M$4.5M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0254%1h4,369.1+0.141%$235K$736K25xas long as short
Phemex XAUUSDT+0.0317%4h4,370.3+0.168%$2.2M$1.1M100xas long as short
GMX GOLD/USD [ETH-USDC]shortL +0.0389% / S −0.0197%1h4,370.5+0.174%$252K111x