Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0193%/8h= +21.2% APRpaid last 24h +0.071%

Price spread now: HTX against Extended+0.202%7-day average +0.113% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$220.216% of the position

Long on Extended Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 on $10k

Price spread, last 4 days (all we have)−0.061%−$6 · spread now +0.202%, 7d avg +0.113%

Together, before fees+0.012%+ Points / potential airdropExtended: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and HTX is 0.089% dearer against Extended than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.113%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.073% in total (about 3.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XAU-USD	4,329.8	0.0032	pay 0.0004% / 1h	5m 29s	$13.1M	$36.7M	25x
Short	HTX XAU-USDT	4,338.6	0.0225	get 0.0113% / 4h	2h 05m	$2.8M	$5.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Extended. 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 ExtendedbpFee HTXbpOrdersPrice spread, now +0.202%Rate

Funding earned: $40.58
Price spread: +0.202% → +0.113%: $8.91
Slippage, 4 orders: −$4.57
Fee Extended: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: $27.92
Costs to cover: 0.216%
Break-even: 2.2 days

Slippage from Extended: live order book, 4 min ago; HTX: live order book, 3 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 Extended live order book, 4 min ago	0.12 bp	2.6 bp −$3	4.2 bp −$42	7.4 bp −$736	27.1 bp −$13.5K
Sell HTX live order book, 3 min ago	0.01 bp	6.1 bp −$6	9.3 bp −$93	20.3 bp −$2,031	doesn't fit

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	4,338.8	+0.208%	$92K	$8.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,329.4	−0.011%	$271K	—	250x	as long as short
Bybit XAUUSDT	+0.0004%	4h	4,333.8	+0.092%	$78.4M	$156.4M	150x	as long as short
Extended XAU-USDlong	+0.0032%	1h	4,329.8	long leg	$13.1M	$36.7M	25x
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.475%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,337.3	+0.172%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,332.6	+0.064%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,366.4	+0.844%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,332.7	+0.065%	$20.4M	$31.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,329.7	−0.003%	$292.0M	$51.6M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,329.5	−0.008%	$15.0M	$56.4M	25x	as long as short
RISEx XAU/USDC	+0.0054%	1h	4,334.5	+0.108%	$3.8M	$12.5M	25x	as long as short
Gate XAU_USDT	+0.0062%	4h	4,334.8	+0.115%	$271.0M	$419.3M	100x	as long as short
Kalshi KXGOLDPERP	+0.0064%	24h	4,336.2	+0.147%	$4.0M	$42.3M	15x	as long as short
Paradex XAU-USD-PERP	+0.0070%	8h	4,333.5	+0.084%	$19K	$5K	5x	as long as short
Lighter RH XAU	+0.0072%	1h	4,335	+0.119%	$19.9M	$39.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0072%	1h	4,330.5	+0.015%	$32K	—	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,333.5	+0.085%	$2.0M	$4.8M	25x	as long as short
Aster XAUUSD1	+0.0093%	4h	4,334.4	+0.106%	$72.4M	$329.9M	20x	as long as short
GRVT XAU_USDT_Perp	+0.0098%	4h	4,336.1	+0.144%	$1.4M	$3.0M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,330.2	+0.008%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,333.2	+0.077%	$273K	$208K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,329.5	−0.007%	$25K	$14K	20x	as long as short
Variational Omni XAU	+0.0101%	4h	4,334.6	+0.110%	$46.8M	$28.7M	—	as long as short
Binance XAUUSDT	+0.0109%	4h	4,332.9	+0.071%	$414.2M	$2.12B	100x	as long as short
MEXC XAU_USDT	+0.0110%	4h	4,332.9	+0.071%	$363.6M	$331.2M	1000x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,335	+0.119%	$161K	$87	10x	as long as short
edgeX XAUUSDC	+0.0121%	4h	4,331.7	+0.042%	$30.1M	$60.5M	50x	as long as short
Phoenix GOLD	+0.0127%	1h	4,332.8	+0.068%	$47K	$77K	25x	as long as short
Bullet GOLD-USD	+0.0159%	1h	4,333.1	+0.075%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0175%	1h	4,333	+0.073%	$4.2M	$2.0M	20x	as long as short
HTX XAU-USDTshort	+0.0225%	4h	4,338.6	+0.202%	$2.8M	$5.0M	75x
Kraken Futures PF_XAUUSD	+0.0247%	1h	4,332.5	+0.061%	$590K	$130K	25x	as long as short
Bitget XAUUSDT	+0.0248%	4h	4,333.2	+0.077%	$68.1M	$118.9M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0304%	1h	4,334.5	+0.108%	$195K	$826K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0328%	8h	4,333.4	+0.082%	$170.5M	$297.2M	100x	as long as short
Phemex XAUUSDT	+0.0347%	4h	4,337	+0.166%	$2.2M	$962K	100x	as long as short
BloFin XAU-USDT	+0.0356%	4h	4,334.5	+0.107%	$16.0M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0461% / S −0.0304%	1h	4,332.9	+0.071%	$253K	—	111x	as long as short