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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0008%/8h= −0.9% APRnext payment $0.01 per $10,000 · paid last 24h −0.010%
Price spread now: Hotstuff against Coinbase International−0.002%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHotstuff: Active · farm boardneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International GOLD-PERP-INTX4,321.30.0072pay 0.0009% / 1h13m 27s$2.0M$4.8M25x
ShortHotstuff GOLD-PERP4,321.20.0064get 0.0008% / 1h13m 27s$32K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff 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
−$1.68
Price spread: −0.002% → 0.000%
−$0.23
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$16.91
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Coinbase International: live order book, 5 min ago; Hotstuff: 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, 5 min ago0.69 bp6.0 bp −$67.4 bp −$7453.5 bp −$5,352doesn't fit
Sell Hotstuff no order-book sample
Hotstuff: 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-PERP−0.0031%1h4,320.2−0.026%$25K$14K20xas long as short
SunX XAU-USDT0.0000%4h4,328.9+0.177%$92K$8.3M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,321.9+0.014%$270K250xas long as short
Bybit XAUUSDT+0.0007%4h4,326.6+0.121%$77.9M$156.6M150xas long as short
Extended XAU-USD+0.0032%1h4,321.4+0.003%$13.1M$37.0M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.674%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,326.2+0.113%$3.8M$4.5M40xas long as short
QFEX GOLD-USD+0.0044%1h4,325+0.086%$5.4M$2.1M20xas long as short
Vest GC-PERP+0.0046%1h4,357.9+0.847%$1.0M25xas long as short
Lighter XAU+0.0048%1h4,324.1+0.065%$20.5M$31.6M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:GOLD+0.0050%1h4,322.3+0.023%$291.5M$51.8M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,321.9+0.013%$15.0M$56.6M25xas long as short
RISEx XAU/USDC+0.0054%1h4,326.5+0.121%$3.9M$12.5M25xas long as short
Kalshi KXGOLDPERP+0.0062%24h4,326.2+0.113%$4.0M$42.0M15xas long as short
Hotstuff GOLD-PERPshort+0.0064%1h4,321.2−0.002%$32K25x
Paradex XAU-USD-PERP+0.0072%8h4,325.3+0.093%$19K$5K5xas long as short
Lighter RH XAU+0.0072%1h4,326.3+0.117%$19.8M$38.9M25xas long as short
Gate XAU_USDT+0.0072%4h4,327.1+0.134%$272.2M$415.3M100xas long as short
Coinbase International GOLD-PERP-INTXlong+0.0072%1h4,321.3long leg$2.0M$4.8M25x
Aster XAUUSD1+0.0099%4h4,327.1+0.134%$72.1M$331.4M20xas long as short
Pacifica XAU+0.0100%1h4,321.6+0.006%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,322.8+0.035%$272K$208K50xas long as short
GRVT XAU_USDT_Perp+0.0102%4h4,325.7+0.101%$1.4M$3.0M25xas long as short
Variational Omni XAU+0.0104%4h4,327.8+0.150%$46.9M$28.6Mas long as short
MEXC XAU_USDT+0.0110%4h4,325.6+0.098%$362.7M$328.9M1000xas long as short
Binance XAUUSDT+0.0111%4h4,325.8+0.105%$413.7M$2.15B100xas long as short
Aevo XAU-PERP+0.0112%1h4,325.7+0.102%$160K$8710xas long as short
edgeX XAUUSDC+0.0127%4h4,324.5+0.074%$30.1M$60.5M50xas long as short
Phoenix GOLD+0.0127%1h4,325.4+0.095%$47K$77K25xas long as short
Bullet GOLD-USD+0.0158%1h4,325.8+0.104%$58K$82K10xas long as short
Polymarket Perps GOLD-USD+0.0173%1h4,325.6+0.100%$4.2M$2.0M20xas long as short
HTX XAU-USDT+0.0235%4h4,330.2+0.205%$2.8M$5.0M75xas long as short
Kraken Futures PF_XAUUSD+0.0248%1h4,322.7+0.031%$589K$130K25xas long as short
Bitget XAUUSDT+0.0258%4h4,325.5+0.097%$67.9M$119.0M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0305%1h4,325.5+0.097%$195K$832K25xas long as short
OKX XAU-USDT-SWAP+0.0334%8h4,326.4+0.118%$170.4M$297.0M100xas long as short
BloFin XAU-USDT+0.0365%4h4,325.9+0.105%$16.1M$4.5M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0454% / S −0.0296%1h4,326+0.108%$250K111xas long as short
Phemex XAUUSDT+0.0472%4h4,327.7+0.149%$2.2M$962K100xas long as short