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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0154%/8h= −16.9% APRnext payment $0.19 per $10,000 · paid last 24h −0.245%
Price spread now: Hotstuff against Bluefin+0.118%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 fees+ Points / potential airdropHotstuff: Active · farm boardneeds both histories
The price spread pays, funding is against you. Hotstuff is 0.118% dearer against Bluefin than usual: you sell high and buy low (spread +0.118% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.5 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin GOLD-PERP4,354.60.0138pay 0.0017% / 1h29m 05s$26K$22K20x
ShortHotstuff GOLD-PERP4,359.7−0.0016pay 0.0002% / 1h29m 05s$33K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff 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
−$32.41
Price spread: +0.118% → 0.000%
$11.8
Slippage, 4 orders
no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$32.6
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Bluefin: no order-book sample; Hotstuff: 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 Hotstuff no order-book sample
Bluefin and Hotstuff: 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
Hotstuff GOLD-PERPshort−0.0016%1h4,359.7+0.118%$33K25x
Aster XAUUSD10.0000%4h4,363.6+0.208%$71.1M$200.3M20xas long as short
Gate XAU_USDT0.0000%4h4,363.9+0.215%$265.6M$415.0M100xas long as short
Variational Omni XAU0.0000%4h4,362.5+0.183%$48.0M$28.0Mas long as short
Kalshi KXGOLDPERP0.0000%24h4,360+0.125%$4.0M$36.4M15xas long as short
SunX XAU-USDT0.0000%4h4,366.6+0.277%$93K$10.3M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,358.2+0.084%$267K250xas long as short
MEXC XAU_USDT+0.0012%4h4,362.4+0.179%$373.1M$326.2M1000xas long as short
Binance XAUUSDT+0.0014%4h4,363.4+0.204%$412.0M$2.15B100xas long as short
edgeX XAUUSDC+0.0017%4h4,356.7+0.049%$30.3M$60.6M50xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.095%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,363+0.194%$3.8M$4.7M40xas long as short
QFEX GOLD-USD+0.0045%1h4,362.1+0.173%$5.6M$1.9M20xas long as short
Vest GC-PERP+0.0046%1h4,396.2+0.956%$1.0M25xas long as short
Bitget XAUUSDT+0.0046%4h4,363.4+0.204%$69.6M$113.4M100xas long as short
RISEx XAU/USDC+0.0048%1h4,362.3+0.178%$3.4M$12.3M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,360+0.125%$294.0M$52.5M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,357.8+0.075%$14.7M$57.2M25xas long as short
Phoenix GOLD+0.0055%1h4,360.2+0.130%$48K$64K25xas long as short
BloFin XAU-USDT+0.0057%4h4,363.5+0.205%$15.5M$4.5M100xas long as short
Lighter XAU+0.0072%1h4,361.7+0.164%$20.6M$43.9M25xas long as short
Paradex XAU-USD-PERP+0.0080%8h4,362.2+0.175%$19K$5K5xas long as short
Aevo XAU-PERP+0.0088%1h4,361.8+0.166%$162K$8710xas long as short
Lighter RH XAU+0.0096%1h4,363.9+0.213%$20.2M$41.0M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0096%1h4,360.1+0.127%$2.0M$5.1M25xas long as short
Pacifica XAU+0.0100%1h4,358.9+0.100%$1.4M$1.1M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,360.8+0.143%$275K$204K50xas long as short
Bybit XAUUSDT+0.0111%4h4,364.4+0.225%$83.1M$143.7M150xas long as short
Extended XAU-USD+0.0120%1h4,358.2+0.083%$13.5M$44.0M25xas long as short
Polymarket Perps GOLD-USD+0.0128%1h4,361.4+0.157%$4.3M$1.8M20xas long as short
Bluefin GOLD-PERPlong+0.0138%1h4,354.6long leg$26K$22K20x
GRVT XAU_USDT_Perp+0.0152%4h4,362.7+0.188%$1.4M$3.1M25xas long as short
OKX XAU-USDT-SWAP+0.0195%8h4,364.7+0.233%$165.7M$286.3M100xas long as short
Bullet GOLD-USD+0.0214%1h4,362.5+0.182%$59K$82K10xas long as short
Kraken Futures PF_XAUUSD+0.0225%1h4,359.4+0.111%$595K$150K25xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0232%1h4,360.6+0.139%$235K$656K25xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0389% / S −0.0197%1h4,362.4+0.179%$252K111xas long as short
Phemex XAUUSDT+0.0511%4h4,365.2+0.244%$2.2M$1.1M100xas long as short
HTX XAU-USDT+0.0611%4h4,367+0.285%$2.9M$3.9M75xas long as short