Funding arb · Price arb / RWA

XAU

RWAAll XAU markets →

LONGBluefin▾Deribit −0.0700%Kraken Futures −0.0245%Injective −0.0220%GRVT −0.0210%Phoenix −0.0039%Ondo Perps −0.0029%tradeXYZ 0.0000%Aster 0.0000%Binance 0.0000%Bybit 0.0000%OKX 0.0000%RISEx 0.0000%QFEX 0.0000%Gate 0.0000%MEXC 0.0000%Bitget 0.0000%Variational Omni 0.0000%Bullet 0.0000%SunX 0.0000%HTX 0.0000%AZverse +0.0008%edgeX +0.0012%Lighter +0.0032%Lighter RH +0.0032%Extended +0.0032%StandX +0.0040%Vest Markets +0.0046%Paradex +0.0047%Polymarket Perps +0.0050%Aevo +0.0080%Pacifica +0.0100%BingX +0.0100%ApeX Omni +0.0100%Reya +0.0100%Orderly +0.0100%TxFlow +0.0100%Avantis +0.0137%BloFin +0.0240%Kalshi +0.0325%GMX +0.0572%Bluefin +0.0942%Phemex +0.1117%

⇄⇅

SHORTPopdex▾Phemex +0.1117%Kalshi +0.0325%BloFin +0.0240%GMX −0.0199%Pacifica +0.0100%BingX +0.0100%ApeX Omni +0.0100%Reya +0.0100%Orderly +0.0100%TxFlow +0.0100%Aevo +0.0080%Polymarket Perps +0.0050%Paradex +0.0047%Vest Markets +0.0046%StandX +0.0040%Lighter +0.0032%Lighter RH +0.0032%Extended +0.0032%edgeX +0.0012%Popdex +0.0008%AZverse +0.0008%Aster 0.0000%Binance 0.0000%Bybit 0.0000%OKX 0.0000%RISEx 0.0000%QFEX 0.0000%Gate 0.0000%MEXC 0.0000%Bitget 0.0000%Variational Omni 0.0000%Bullet 0.0000%SunX 0.0000%HTX 0.0000%tradeXYZ 0.0000%Ondo Perps −0.0029%Phoenix −0.0039%Avantis +0.0137%GRVT −0.0210%Injective −0.0220%Kraken Futures −0.0245%Deribit −0.0700%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BluefinGOLD-PERP	3,881	+0.0942	pay 0.0118% / 1h	55m 14s	$40K	$53K	20x	Long Bluefin
SHORT	PopdexXAUUSDT	3,892	+0.0008	get 0.0001% / 1h	55m 14s	$498K	$784K	20x	Short Popdex

Price gap+0.282%

Funding gap−0.0934% /8h

The gap pays +$28 on $10k if it goes back to zero (no 7-day history yet), but funding costs $28 a day and eats that in about 24 hours.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.047% in total, about +0.0022%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.282%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

BluefinPopdex

XAU on 43 exchanges

lowest funding first

Before you open

2 ok · 1 to watch

• i
  Note: Order book unknown—

  No order-book sample for Bluefin: its slippage is not counted.
• i
  Note: Margin at max leverage$500 + $500

  Bluefin 20x, Popdex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval1h / 1h

  Both legs pay at the same time.

  Long Bluefin · 1h−$28.27

  Short Popdex · 1h+$0.24

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$28.03Long Bluefin: 24 payments, −$28.27; short Popdex: 24 payments, +$0.24.
• i
  Note: No 7-day spread history+0.282%

  The gap cannot be compared with its average yet.
• !
  Watch: Long leg is thinner$40K vs $498K OI

  Bluefin sets your exit cost. Check its book before closing.
• i
  Note: No points program—

  Neither exchange runs points right now.
• ✓
  OK: No KYC on either legBluefin No · Popdex No

  Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0022%/8h × 21 periods+$4.69

Price spread+0.282% → 0+$28.24

Slippage, 4 ordersno data for Bluefin—

Fee Bluefin bp × 2 orders−$7.00

Fee Popdex bp × 2 orders−$6.40

Net, fees only · 7 days · $10k+$19.53

Costs to cover0.134%Break-evenfrom the start

Slippage: Bluefin: no order-book sample; Popdex: live order book, 27 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGBluefin—————

SELL · SHORTPopdex0.513.7 bp−$44.4 bp−$4414.8 bp−$1,479doesn’t fit

Closing costs about the same again.
Bluefin: no data.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

I'm in

XAU news

posts that mention XAU or Gold, from every exchangeSearch all news →

10-30 09:30	Kalshi	Other	JUST IN: Rep Casten says bill to speed up energy project approvals could "create a gold rush for gas" @Kalshi on X ↗
10-29 14:16	BingX	Other	The AI gold rush needs infrastructure, and Vertiv is cashing in 🚀 $VRT climbed 16.48% as strong earnings and surging orders impressed investors. Discover the story behind the rally 👇 @BingXOfficial on X ↗
10-29 14:00	MEXC	Contest	Watching gold, silver or oil? Price is only half the story. 👀 Know the drivers behind your watchlist. 👇 Explore #MEXC’s Midterm Market Rush: ⚡ 0 trading fees on selected TradFi pairs 🎁 $500,000 total reward pool Register & complete missions for a chance to earn rewards: @MEXC on X ↗
10-29 11:22	Injective	Other	The cost of AI compute is becoming a major financial market, and Injective is now making it possible to hedge that cost with options. Hundreds of billions of dollars are flowing into AI infrastructure, with demand expected to accelerate as model training, inference and autonomous agents scale globally. Yet despite this growth, financial markets for GPU compute remain largely undeveloped. Injective recently introduced the Super Intelligence Compute Index ($SICI), the first onchain index tracking rental prices across five NVIDIA GPUs. Now, with the launch of Injective Options, that same index can be used to hedge against changes in GPU pricing. → AI companies can purchase $SICI calls to help protect against rising compute costs. → GPU infrastructure providers can purchase puts to help offset declining rental prices. This is only one example of what’s now possible. Developers can leverage the recently unveiled new options infrastructure on $INJ to launch white label exchanges, create custom derivatives markets and build entirely new financial products without developing the underlying technology from scratch. The initial launch also supports options across US equities, gold, silver and oil, with fully collateralized contracts backed by native Injective USDC. As the AI economy grows, Injective is bringing the financial infrastructure needed to trade and manage its underlying costs onchain. Watch the complete demo for executing AI compute index options on Injective below 👇 @injective on X ↗
10-29 08:00	Gate	Other	💳 Your gold card. Your way to pay. Meet the new Gate Gold Card. Pay online or in-store with Samsung Pay, Apple Pay, Google Pay, Alipay, or WeChat Pay. Turn eligible rewards into XAUT, tokenized assets, or major cryptocurrencies. Apply now: @Gate on X ↗
10-28 17:00	KuCoin	Other	🍂 Is your portfolio turning gold… or going full red-leaf season? 👀 Drop a meme, GIF, or mini story showing your portfolio’s fall colors. The best part? You could rake in 5 USDT. 🍁 Tag @kucoincom + #FallIntoTheTrade to join the fun—and follow us for more crypto twists, surprises, and chances to win. 👉 #KuCoin #FallIntoTheTrade @kucoincom on X ↗