Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0472%/8h= +51.7% APRpaid last 24h +0.033%

Price spread now: HTX against Coinbase International+0.191%7-day average +0.150% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$300.297% of the position

Long on Coinbase International Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.390%−$39 on $10k

Price spread, last 3 days (all we have)−0.072%−$7 · spread now +0.191%, 7d avg +0.150%

Together, before fees−0.463%−$46 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and HTX is 0.041% dearer against Coinbase International than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.150%. Mind the row above: over the last 7 days funding on this pair cost −0.390%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International GOLD-PERP-INTX	4,355.6	0.0072	pay 0.0009% / 1h	16m 46s	$2.0M	$5.0M	25x
Short	HTX XAU-USDT	4,363.9	0.0544	get 0.0272% / 4h	2h 16m	$2.9M	$3.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee HTXbpOrdersPrice spread, now +0.191%Rate

Funding earned: $99.13
Price spread: +0.191% → +0.150%: $4.14
Slippage, 4 orders: −$7.68
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: $73.59
Costs to cover: 0.297%
Break-even: 1.8 days

Slippage from Coinbase International: live order book, 2 min ago; HTX: live order book, 2 min ago.

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 Coinbase International live order book, 2 min ago	1.26 bp	6.3 bp −$6	8.7 bp −$87	45.9 bp −$4,589	doesn't fit
Sell HTX live order book, 2 min ago	0.01 bp	8.8 bp −$9	13.4 bp −$134	17.3 bp −$1,725	doesn't fit

XAU on 38 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
Gate XAU_USDT	0.0000%	4h	4,359.6	+0.091%	$263.3M	$413.2M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,363.6	+0.183%	$93K	$9.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,355.4	−0.004%	$270K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0024%	1h	4,355.1	−0.011%	$33K	—	25x	as long as short
Aster XAUUSD1	+0.0030%	4h	4,358.9	+0.075%	$70.6M	$295.2M	20x	as long as short
Extended XAU-USD	+0.0032%	1h	4,354	−0.037%	$13.5M	$42.0M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.119%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0034%	24h	4,355.9	+0.007%	$4.1M	$35.9M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,359.3	+0.085%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,392.1	+0.838%	—	$1.0M	25x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	4,354.8	−0.018%	$294.3M	$48.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,355.1	−0.011%	$14.9M	$58.0M	25x	as long as short
QFEX GOLD-USD	+0.0051%	1h	4,357.8	+0.051%	$5.6M	$1.9M	20x	as long as short
Lighter XAU	+0.0056%	1h	4,356.6	+0.024%	$20.7M	$43.7M	25x	as long as short
Lighter RH XAU	+0.0064%	1h	4,359.3	+0.086%	$20.2M	$40.9M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0072%	1h	4,357.6	+0.046%	$4.3M	$1.9M	20x	as long as short
Coinbase International GOLD-PERP-INTXlong	+0.0072%	1h	4,355.6	long leg	$2.0M	$5.0M	25x
Variational Omni XAU	+0.0078%	4h	4,359	+0.079%	$48.3M	$28.1M	—	as long as short
Paradex XAU-USD-PERP	+0.0083%	8h	4,358.1	+0.058%	$19K	$5K	5x	as long as short
MEXC XAU_USDT	+0.0098%	4h	4,358	+0.056%	$375.9M	$323.6M	1000x	as long as short
Pacifica XAU	+0.0100%	1h	4,355.2	−0.009%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,358.5	+0.065%	$275K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,351.9	−0.085%	$26K	$14K	20x	as long as short
Binance XAUUSDT	+0.0101%	4h	4,357.9	+0.053%	$409.0M	$2.09B	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,358.2	+0.059%	$161K	$87	10x	as long as short
edgeX XAUUSDC	+0.0112%	4h	4,353.3	−0.053%	$30.3M	$59.9M	50x	as long as short
GRVT XAU_USDT_Perp	+0.0116%	4h	4,360	+0.101%	$1.4M	$2.9M	25x	as long as short
Phoenix GOLD	+0.0121%	1h	4,356.9	+0.030%	$48K	$64K	25x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,357.7	+0.048%	$3.4M	$12.4M	25x	as long as short
Bullet GOLD-USD	+0.0164%	1h	4,359.1	+0.080%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0174%	4h	4,358.8	+0.073%	$84.0M	$143.7M	150x	as long as short
Bitget XAUUSDT	+0.0180%	4h	4,358.2	+0.059%	$69.5M	$109.6M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0186%	1h	4,357	+0.032%	$243K	$671K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0236%	8h	4,359.6	+0.092%	$164.9M	$281.6M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,356.1	+0.011%	$594K	$139K	25x	as long as short
Phemex XAUUSDT	+0.0336%	4h	4,361.5	+0.136%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0391% / S −0.0197%	1h	4,359.3	+0.085%	$251K	—	111x	as long as short
HTX XAU-USDTshort	+0.0544%	4h	4,363.9	+0.191%	$2.9M	$3.9M	75x