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−0.0052%/8h= −5.7% APRnext payment $0.07 per $10,000 · paid last 24h −0.209%
Price spread now: RISEx against Bluefin+0.107%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
The price spread pays, funding is against you. RISEx is 0.107% dearer against Bluefin than usual: you sell high and buy low (spread +0.107% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.8 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin GOLD-PERP4,353.70.0100pay 0.0013% / 1h23m 26s$26K$22K20x
ShortRISEx XAU/USDC4,358.30.0048get 0.0006% / 1h23m 26s$3.4M$12.3M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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
−$10.98
Price spread: +0.107% → 0.000%
$10.68
Slippage, 4 orders
no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$13.3
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Bluefin: no order-book sample; RISEx: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bluefin no order-book sample
Sell RISEx live order book, 1 min ago0.03 bp3.0 bp −$33.6 bp −$3644.9 bp −$4,488doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster XAUUSD10.0000%4h4,358.7+0.115%$71.0M$200.3M20xas long as short
Gate XAU_USDT0.0000%4h4,359.6+0.135%$266.5M$416.4M100xas long as short
Kalshi KXGOLDPERP0.0000%24h4,358.2+0.104%$4.0M$36.6M15xas long as short
SunX XAU-USDT0.0000%4h4,365.1+0.262%$93K$10.2M20xas long as short
Variational Omni XAU0.0000%4h4,360.4+0.155%$47.8M$28.1Mas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,356.4+0.063%$267K250xas long as short
edgeX XAUUSDC+0.0022%4h4,355.1+0.033%$30.3M$60.4M50xas long as short
MEXC XAU_USDT+0.0022%4h4,359.8+0.140%$372.9M$328.1M1000xas long as short
Binance XAUUSDT+0.0023%4h4,359+0.122%$411.6M$2.15B100xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.075%$619$5452xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
StandX XAU-USD+0.0040%1h4,362.4+0.200%$3.8M$4.7M40xas long as short
QFEX GOLD-USD+0.0045%1h4,356.7+0.069%$5.6M$1.9M20xas long as short
Vest GC-PERP+0.0046%1h4,393.8+0.922%$1.0M25xas long as short
RISEx XAU/USDCshort+0.0048%1h4,358.3+0.107%$3.4M$12.3M25x
tradeXYZ xyz:GOLD+0.0050%1h4,356.8+0.072%$293.8M$51.5M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,354+0.007%$14.7M$57.2M25xas long as short
Phoenix GOLD+0.0055%1h4,358.5+0.111%$48K$64K25xas long as short
Bitget XAUUSDT+0.0058%4h4,359.8+0.139%$69.6M$113.9M100xas long as short
Lighter XAU+0.0072%1h4,357+0.076%$20.6M$44.1M25xas long as short
Paradex XAU-USD-PERP+0.0080%8h4,358.3+0.107%$19K$5K5xas long as short
BloFin XAU-USDT+0.0082%4h4,363.5+0.224%$15.5M$4.5M100xas long as short
Extended XAU-USD+0.0088%1h4,354.5+0.018%$13.5M$43.8M25xas long as short
Aevo XAU-PERP+0.0088%1h4,359.7+0.139%$161K$8710xas long as short
Lighter RH XAU+0.0096%1h4,359.2+0.127%$20.2M$41.0M25xas long as short
Hotstuff GOLD-PERP+0.0096%1h4,355.3+0.037%$33K25xas long as short
Coinbase International GOLD-PERP-INTX+0.0096%1h4,358.3+0.106%$2.0M$5.1M25xas long as short
Pacifica XAU+0.0100%1h4,355+0.030%$1.4M$1.1M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,357.8+0.094%$275K$204K50xas long as short
Bluefin GOLD-PERPlong+0.0100%1h4,353.7long leg$26K$22K20x
Bybit XAUUSDT+0.0102%4h4,360.1+0.147%$83.3M$144.3M150xas long as short
Polymarket Perps GOLD-USD+0.0121%1h4,358.6+0.113%$4.3M$1.8M20xas long as short
GRVT XAU_USDT_Perp+0.0152%4h4,361.1+0.170%$1.4M$3.1M25xas long as short
OKX XAU-USDT-SWAP+0.0199%8h4,360.1+0.147%$163.8M$289.4M100xas long as short
Bullet GOLD-USD+0.0211%1h4,360.3+0.153%$59K$82K10xas long as short
Kraken Futures PF_XAUUSD+0.0225%1h4,357.5+0.088%$594K$151K25xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0232%1h4,359.2+0.127%$235K$656K25xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0389% / S −0.0197%1h4,360.8+0.163%$252K111xas long as short
Phemex XAUUSDT+0.0455%4h4,362.5+0.202%$2.2M$1.1M100xas long as short
HTX XAU-USDT+0.0586%4h4,365.2+0.266%$2.9M$3.9M75xas long as short