Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0324%/8h= +35.5% APRpaid last 24h +0.044%

Price spread now: HTX against Bullet+0.096%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bullet Short on HTX

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and HTX is 0.096% dearer against Bullet than usual: you sell high and buy low: +$10 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	Bullet GOLD-USD	4,343.2	0.0212	pay 0.0026% / 1h	18m 11s	$59K	$82K	10x
Short	HTX XAU-USDT	4,347.4	0.0535	get 0.0268% / 4h	3h 18m	$2.8M	$4.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bullet. 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 BulletbpFee HTXbpOrdersPrice spread, now +0.096%Rate

Funding earned: $68.03
Price spread: +0.096% → 0.000%: $9.65
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: $57.68
Costs to cover: 0.200%
Break-even: 1.1 days

Slippage unknown: Bullet: no order-book sample; HTX: 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 Bullet no order-book sample	—	—	—	—	—
Sell HTX live order book, 1 min ago	0.01 bp	7.4 bp −$7	11.6 bp −$116	14.8 bp −$1,479	doesn't fit

Bullet: 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
SunX XAU-USDT	0.0000%	4h	4,348.3	+0.118%	$92K	$8.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,339	−0.096%	$271K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,344.1	+0.021%	$3.8M	$12.5M	25x	as long as short
Bluefin GOLD-PERP	+0.0016%	1h	4,337.5	−0.132%	$25K	$14K	20x	as long as short
Bybit XAUUSDT	+0.0029%	4h	4,343.8	+0.014%	$79.9M	$152.3M	150x	as long as short
Extended XAU-USD	+0.0032%	1h	4,338.9	−0.099%	$13.3M	$37.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.166%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,345.7	+0.058%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,343.4	+0.005%	$5.6M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,376	+0.755%	—	$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	4,339.6	−0.083%	$293.6M	$49.2M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,341.3	−0.044%	$15.0M	$56.9M	25x	as long as short
Kalshi KXGOLDPERP	+0.0051%	24h	4,341.3	−0.043%	$4.3M	$37.4M	15x	as long as short
Lighter XAU	+0.0056%	1h	4,341.8	−0.032%	$20.7M	$34.7M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,340.2	−0.069%	$2.1M	$4.8M	25x	as long as short
Paradex XAU-USD-PERP	+0.0060%	8h	4,343.7	+0.013%	$19K	$5K	5x	as long as short
Lighter RH XAU	+0.0072%	1h	4,344.5	+0.029%	$20.2M	$40.1M	25x	as long as short
Gate XAU_USDT	+0.0084%	4h	4,344.3	+0.025%	$268.2M	$417.9M	100x	as long as short
Aster XAUUSD1	+0.0093%	4h	4,344.3	+0.026%	$71.5M	$331.8M	20x	as long as short
Pacifica XAU	+0.0100%	1h	4,340.8	−0.055%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,340.8	−0.054%	$274K	$203K	50x	as long as short
Hotstuff GOLD-PERP	+0.0104%	1h	4,340.9	−0.053%	$33K	—	25x	as long as short
Variational Omni XAU	+0.0104%	4h	4,343.9	+0.017%	$48.3M	$27.5M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,342.3	−0.022%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0118%	4h	4,343	−0.004%	$371.2M	$320.7M	1000x	as long as short
Binance XAUUSDT	+0.0119%	4h	4,343.1	−0.003%	$418.3M	$2.09B	100x	as long as short
edgeX XAUUSDC	+0.0129%	4h	4,340.2	−0.070%	$30.2M	$58.2M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,340.5	−0.062%	$47K	$77K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0142%	1h	4,341.4	−0.041%	$204K	$826K	25x	as long as short
Phemex XAUUSDT	+0.0161%	4h	4,345.6	+0.055%	$2.2M	$967K	100x	as long as short
GRVT XAU_USDT_Perp	+0.0182%	4h	4,344.6	+0.032%	$1.4M	$2.9M	25x	as long as short
Bullet GOLD-USDlong	+0.0212%	1h	4,343.2	long leg	$59K	$82K	10x
Polymarket Perps GOLD-USD	+0.0212%	1h	4,342.6	−0.014%	$4.3M	$2.0M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,339.9	−0.077%	$592K	$132K	25x	as long as short
Bitget XAUUSDT	+0.0268%	4h	4,343.3	+0.003%	$71.0M	$109.2M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0326%	8h	4,344	+0.019%	$167.1M	$282.6M	100x	as long as short
BloFin XAU-USDT	+0.0359%	4h	4,345	+0.041%	$15.7M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0427% / S −0.0252%	1h	4,343.2	0.000%	$250K	—	111x	as long as short
HTX XAU-USDTshort	+0.0535%	4h	4,347.4	+0.096%	$2.8M	$4.6M	75x