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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0374%/8h= −41.0% APRnext payment $0.47 per $10,000 · paid last 24h +0.233%
Price spread now: Bluefin against Coinbase International−0.143%7-day average · you buy dearer than you sell
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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Bluefin is 0.143% cheaper against Coinbase International than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International GOLD-PERP-INTX4,370.10.0152pay 0.0019% / 1h17m 14s$2.0M$5.1M25x
ShortBluefin GOLD-PERP4,363.8−0.0222pay 0.0028% / 1h17m 14s$26K$22K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bluefin against Coinbase International. 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
−$78.58
Price spread: −0.143% → 0.000%
−$14.32
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
−$109.9
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Coinbase International: live order book, 2 min ago; Bluefin: 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 Coinbase International live order book, 2 min ago0.11 bp5.7 bp −$67.1 bp −$7144.3 bp −$4,430doesn't fit
Sell Bluefin no order-book sample
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
Bluefin GOLD-PERPshort−0.0222%1h4,363.8−0.143%$26K$22K20x
Phoenix GOLD−0.0004%1h4,370.3+0.005%$48K$65K25xas long as short
Aster XAUUSD10.0000%4h4,372.4+0.053%$71.7M$225.1M20xas long as short
Binance XAUUSDT0.0000%4h4,370.6+0.011%$410.5M$2.14B100xas long as short
Bybit XAUUSDT0.0000%4h4,371.1+0.024%$82.6M$142.5M150xas long as short
RISEx XAU/USDC0.0000%1h4,371.4+0.030%$3.4M$12.3M25xas long as short
Gate XAU_USDT0.0000%4h4,371.5+0.031%$267.5M$417.2M100xas long as short
MEXC XAU_USDT0.0000%4h4,370.7+0.013%$375.3M$324.0M1000xas long as short
Bitget XAUUSDT0.0000%4h4,370.5+0.010%$69.6M$113.4M100xas long as short
Variational Omni XAU0.0000%4h4,366.6−0.081%$48.5M$30.2Mas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT XAU_USDT_Perp0.0000%4h4,373.1+0.068%$1.4M$3.1M25xas long as short
Kalshi KXGOLDPERP0.0000%24h4,368.8−0.030%$4.0M$36.2M15xas long as short
SunX XAU-USDT0.0000%4h4,375.1+0.114%$93K$10.6M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,367.2−0.067%$268K250xas long as short
edgeX XAUUSDC+0.0008%4h4,362.7−0.168%$30.3M$59.3M50xas long as short
Hotstuff GOLD-PERP+0.0016%1h4,367.4−0.062%$33K25xas long as short
QFEX GOLD-USD+0.0032%1h4,369.3−0.018%$5.4M$1.9M20xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.450%$619$5452xas long as short
Lighter XAU+0.0040%1h4,369.7−0.009%$20.7M$44.9M25xas long as short
StandX XAU-USD+0.0040%1h4,369.2−0.021%$3.8M$4.7M40xas long as short
Vest GC-PERP+0.0046%1h4,405.5+0.810%$1.0M25xas long as short
Lighter RH XAU+0.0048%1h4,372.2+0.049%$20.2M$42.2M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,367.1−0.069%$294.2M$52.5M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,367.6−0.057%$14.6M$56.9M25xas long as short
Paradex XAU-USD-PERP+0.0054%8h4,371+0.021%$19K$5K5xas long as short
Extended XAU-USD+0.0056%1h4,367.2−0.067%$13.1M$45.5M25xas long as short
Aevo XAU-PERP+0.0080%1h4,371.1+0.022%$162K$8710xas long as short
Pacifica XAU+0.0100%1h4,367.8−0.053%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,368.8−0.031%$277K$204K50xas long as short
Polymarket Perps GOLD-USD+0.0103%1h4,370.8+0.016%$4.3M$1.8M20xas long as short
Bullet GOLD-USD+0.0108%1h4,371.3+0.027%$59K$81K10xas long as short
Coinbase International GOLD-PERP-INTXlong+0.0152%1h4,370.1long leg$2.0M$5.1M25x
OKX XAU-USDT-SWAP+0.0162%8h4,371.8+0.039%$158.6M$275.4M100xas long as short
HTX XAU-USDT+0.0176%4h4,376+0.136%$2.8M$3.8M75xas long as short
Kraken Futures PF_XAUUSD+0.0219%1h4,368.3−0.041%$603K$136K25xas long as short
BloFin XAU-USDT+0.0240%4h4,371+0.022%$14.8M$4.5M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0277%1h4,369.8−0.007%$235K$736K25xas long as short
Phemex XAUUSDT+0.0316%4h4,370.6+0.012%$2.2M$1.1M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0389% / S −0.0197%1h4,370.9+0.018%$252K111xas long as short