Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0128%/8h= +14.0% APRpaid last 24h −0.197%

Price spread now: MEXC against Bluefin+0.158%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 MEXC

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 +$4 a day on $10k at the current rate, and MEXC is 0.158% 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	4,316.5	−0.0032	get 0.0004% / 1h	53m 14s	$25K	$14K	20x
Short	MEXC XAU_USDT	4,323.3	0.0096	get 0.0048% / 4h	1h 53m	$363.4M	$324.4M	1000x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.158%Rate

Funding earned: $26.79
Price spread: +0.158% → 0.000%: $15.8
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee MEXC: 2 bp × 2 orders: −$4
Net: $31.59
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Bluefin: no order-book sample; MEXC: live order book, 1 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 MEXC live order book, 1 min ago	0.04 bp	2.0 bp −$2	2.0 bp −$20	2.2 bp −$216	16.7 bp −$8,350

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	−0.0032%	1h	4,316.5	long leg	$25K	$14K	20x
SunX XAU-USDT	0.0000%	4h	4,327.4	+0.253%	$92K	$8.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,319.3	+0.065%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0009%	4h	4,324.2	+0.178%	$77.9M	$157.0M	150x	as long as short
Extended XAU-USD	+0.0032%	1h	4,319.4	+0.066%	$13.1M	$36.7M	25x	as long as short
Hotstuff GOLD-PERP	+0.0032%	1h	4,320	+0.081%	$32K	—	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.786%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,322.8	+0.146%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,322.5	+0.139%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,355.3	+0.899%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	4,320.1	+0.083%	$291.4M	$51.6M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,318.2	+0.038%	$15.0M	$56.0M	25x	as long as short
Lighter XAU	+0.0056%	1h	4,322.6	+0.141%	$20.3M	$30.1M	25x	as long as short
Kalshi KXGOLDPERP	+0.0068%	24h	4,323.7	+0.167%	$3.9M	$42.9M	15x	as long as short
Paradex XAU-USD-PERP	+0.0071%	8h	4,322.7	+0.142%	$19K	$5K	5x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,319.8	+0.076%	$2.1M	$4.9M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0076%	4h	4,323.4	+0.160%	$1.4M	$3.0M	25x	as long as short
Gate XAU_USDT	+0.0078%	4h	4,325.1	+0.199%	$275.3M	$405.7M	100x	as long as short
Aster XAUUSD1	+0.0080%	4h	4,325.1	+0.198%	$72.3M	$316.2M	20x	as long as short
Variational Omni XAU	+0.0089%	4h	4,326.3	+0.227%	$47.1M	$29.2M	—	as long as short
MEXC XAU_USDTshort	+0.0096%	4h	4,323.3	+0.158%	$363.4M	$324.4M	1000x
Binance XAUUSDT	+0.0099%	4h	4,323.5	+0.163%	$413.5M	$2.13B	100x	as long as short
Phoenix GOLD	+0.0100%	1h	4,324.8	+0.192%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,319	+0.058%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,322.3	+0.135%	$272K	$208K	50x	as long as short
Lighter RH XAU	+0.0104%	1h	4,325.1	+0.198%	$19.8M	$38.3M	25x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,322.6	+0.141%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0105%	4h	4,321.6	+0.118%	$30.1M	$60.6M	50x	as long as short
Kraken Futures PF_XAUUSD	+0.0153%	1h	4,320.3	+0.089%	$588K	$130K	25x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,324.2	+0.179%	$4.2M	$12.8M	25x	as long as short
Bullet GOLD-USD	+0.0199%	1h	4,323.5	+0.162%	$58K	$81K	10x	as long as short
HTX XAU-USDT	+0.0210%	4h	4,326.1	+0.223%	$2.8M	$4.9M	75x	as long as short
Polymarket Perps GOLD-USD	+0.0212%	1h	4,323.2	+0.155%	$4.2M	$1.9M	20x	as long as short
Bitget XAUUSDT	+0.0236%	4h	4,324.1	+0.176%	$67.9M	$119.2M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0259%	1h	4,322.9	+0.148%	$193K	$830K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0317%	8h	4,324.2	+0.178%	$170.1M	$296.8M	100x	as long as short
BloFin XAU-USDT	+0.0339%	4h	4,323.3	+0.156%	$16.1M	$4.4M	100x	as long as short
Phemex XAUUSDT	+0.0407%	4h	4,327	+0.243%	$2.2M	$961K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0463% / S −0.0307%	1h	4,323.5	+0.162%	$252K	—	111x	as long as short