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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0036%/8h= −3.9% APRnext payment $0.04 per $10,000 · paid last 24h +0.020%
Price spread now: ApeX Omni against Hotstuff+0.076%57s7-day average · you sell dearer than you buy
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 3 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
The price spread pays, funding is against you. ApeX Omni is 0.076% dearer against Hotstuff than usual: you sell high and buy low (spread +0.076% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.0 days. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff GOLD-PERP4,339.70.0136pay 0.0017% / 1h59m 44s$33K25x
ShortApeX Omni XAUUSDT4,3430.0100get 0.0013% / 1h59m 44s$272K$204K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Hotstuff. 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
−$7.56
Price spread: +0.076% → 0.000%
$7.58
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$14.98
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Hotstuff: no order-book sample; ApeX Omni: live order book, 22 min ago. 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 Hotstuff no order-book sample
Sell ApeX Omni live order book, 22 min ago6.32 bp15.8 bp −$1625.2 bp −$25232.9 bp −$3,294doesn't fit
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 38 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−0.0575%1h4,338.1−0.036%$26K$21K20xas long as short
Aster XAUUSD10.0000%4h4,344.2+0.104%$71.1M$240.4M20xas long as short
Binance XAUUSDT0.0000%4h4,345+0.122%$411.6M$2.11B100xas long as short
Bybit XAUUSDT0.0000%4h4,346+0.145%$82.6M$144.7M150xas long as short
Gate XAU_USDT0.0000%4h4,346.6+0.159%$273.9M$413.9M100xas long as short
MEXC XAU_USDT0.0000%4h4,344.2+0.103%$372.5M$351.2M1000xas long as short
Bitget XAUUSDT0.0000%4h4,345.7+0.137%$67.3M$113.9M100xas long as short
Variational Omni XAU0.0000%4h4,344.2+0.104%$47.8M$33.5Mas long as short
GRVT XAU_USDT_Perp0.0000%4h4,342+0.053%$1.4M$3.3M25xas long as short
Kalshi KXGOLDPERP0.0000%24h4,343.4+0.085%$3.9M$34.1M15xas long as short
Show all 38 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bullet GOLD-USD0.0000%1h4,345.1+0.124%$59K$84K10xas long as short
SunX XAU-USDT0.0000%4h4,349.2+0.220%$92K$10.9M20xas long as short
HTX XAU-USDT0.0000%4h4,348.7+0.208%$2.8M$3.8M75xas long as short
edgeX XAUUSDC+0.0010%4h4,337.8−0.044%$30.2M$58.0M50xas long as short
Lighter XAU+0.0032%1h4,343.8+0.094%$20.7M$42.9M25xas long as short
Lighter RH XAU+0.0032%1h4,345.1+0.124%$20.2M$40.6M25xas long as short
Extended XAU-USD+0.0032%1h4,343.2+0.080%$13.2M$50.6M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.247%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,343.6+0.090%$3.8M$4.7M40xas long as short
tradeXYZ xyz:GOLD+0.0041%1h4,341.5+0.041%$292.3M$53.8M25xas long as short
Vest GC-PERP+0.0046%1h4,381.7+0.968%$995K25xas long as short
Polymarket Perps GOLD-USD+0.0050%1h4,342.8+0.071%$4.3M$2.3M20xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,342.7+0.070%$14.3M$54.8M25xas long as short
Paradex XAU-USD-PERP+0.0050%8h4,344.8+0.118%$19K$6K5xas long as short
QFEX GOLD-USD+0.0052%1h4,344+0.099%$5.5M$1.9M20xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,340.6+0.021%$2.0M$5.2M25xas long as short
Aevo XAU-PERP+0.0080%1h4,342.8+0.071%$161K$8710xas long as short
Pacifica XAU+0.0100%1h4,342.2+0.059%$1.4M$1.3M10xas long as short
ApeX Omni XAUUSDTshort+0.0100%1h4,343+0.076%$272K$204K50x
Phoenix GOLD+0.0109%1h4,343.4+0.085%$47K$69K25xas long as short
Hotstuff GOLD-PERPlong+0.0136%1h4,339.7long leg$33K25x
OKX XAU-USDT-SWAP+0.0174%8h4,345.9+0.143%$158.1M$274.9M100xas long as short
RISEx XAU/USDC+0.0190%1h4,344.5+0.110%$3.4M$12.6M25xas long as short
BloFin XAU-USDT+0.0240%4h4,344.4+0.108%$14.8M$4.3M100xas long as short
Kraken Futures PF_XAUUSD+0.0333%1h4,341.9+0.050%$599K$160K25xas long as short
Phemex XAUUSDT+0.0386%4h4,345.4+0.131%$2.2M$1.1M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0450% / S −0.0246%1h4,345.2+0.127%$251K29xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0695%1h4,344.2+0.104%$221K$878K25xas long as short