Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0009%/8h= +1.0% APRpaid last 24h +0.021%

Price spread now: Binance against Hotstuff+0.068%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hotstuff Short on Binance

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.068% dearer against Hotstuff than usual: you sell high and buy low, +$7 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff GOLD-PERP	4,338.4	0.0088	pay 0.0011% / 1h	50m 12s	$33K	—	25x
Short	Binance XAUUSDT	4,341.4	0.0097	get 0.0048% / 4h	3h 50m	$414.1M	$2.09B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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

Position, each leg$Hold fordaysFee HotstuffbpFee BinancebpOrdersPrice spread, now +0.068%Rate

Funding earned: $1.89
Price spread: +0.068% → 0.000%: $6.82
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$6.29
Costs to cover: 0.150%
Break-even: 30.4 days

Slippage unknown: Hotstuff: no order-book sample; Binance: live order book, 9 min ago. Net counts fees only.

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 Hotstuff no order-book sample	—	—	—	—	—
Sell Binance live order book, 9 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	6.6 bp −$661	doesn'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 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
Bluefin GOLD-PERP	−0.0006%	1h	4,335.6	−0.065%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,346.7	+0.191%	$92K	$8.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,337.9	−0.011%	$271K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,341.5	+0.072%	$3.5M	$12.2M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,342	+0.083%	$20.1M	$39.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,338.1	−0.007%	$13.3M	$38.0M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.277%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,341.7	+0.076%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,340.3	+0.044%	$5.7M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,374.7	+0.837%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit XAUUSDT	+0.0046%	4h	4,342	+0.083%	$80.7M	$150.5M	150x	as long as short
Gate XAU_USDT	+0.0046%	4h	4,342.9	+0.103%	$267.4M	$411.1M	100x	as long as short
Lighter XAU	+0.0048%	1h	4,340.1	+0.040%	$20.8M	$34.4M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,337.5	−0.021%	$293.2M	$48.9M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,338.3	−0.003%	$15.1M	$56.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0050%	24h	4,339.5	+0.025%	$4.3M	$37.5M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,339.4	+0.023%	$2.1M	$4.8M	25x	as long as short
Aster XAUUSD1	+0.0074%	4h	4,343	+0.107%	$71.4M	$332.5M	20x	as long as short
Paradex XAU-USD-PERP	+0.0081%	8h	4,341.6	+0.073%	$19K	$5K	5x	as long as short
Variational Omni XAU	+0.0082%	4h	4,340.8	+0.056%	$48.4M	$27.6M	—	as long as short
Hotstuff GOLD-PERPlong	+0.0088%	1h	4,338.4	long leg	$33K	—	25x
MEXC XAU_USDT	+0.0096%	4h	4,341.6	+0.074%	$372.7M	$317.3M	1000x	as long as short
Binance XAUUSDTshort	+0.0097%	4h	4,341.4	+0.068%	$414.1M	$2.09B	100x
Pacifica XAU	+0.0100%	1h	4,338.1	−0.008%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,339.2	+0.018%	$274K	$203K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,341.2	+0.065%	$161K	$87	10x	as long as short
edgeX XAUUSDC	+0.0112%	4h	4,336.5	−0.044%	$30.2M	$58.2M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,339.2	+0.018%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0144%	4h	4,341	+0.059%	$1.4M	$2.9M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0188%	1h	4,340.3	+0.044%	$205K	$826K	25x	as long as short
Phemex XAUUSDT	+0.0191%	4h	4,343.9	+0.128%	$2.2M	$967K	100x	as long as short
Bullet GOLD-USD	+0.0210%	1h	4,342.1	+0.085%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0214%	1h	4,342.6	+0.097%	$4.3M	$2.0M	20x	as long as short
Bitget XAUUSDT	+0.0240%	4h	4,341.2	+0.065%	$71.0M	$109.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,339	+0.014%	$592K	$132K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0313%	8h	4,343.2	+0.111%	$166.0M	$280.9M	100x	as long as short
BloFin XAU-USDT	+0.0345%	4h	4,341.7	+0.077%	$15.6M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0426% / S −0.0250%	1h	4,342.1	+0.085%	$250K	—	111x	as long as short
HTX XAU-USDT	+0.0505%	4h	4,346	+0.174%	$2.8M	$4.6M	75x	as long as short