Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0379%/8h= +41.5% APRpaid last 24h +0.100%

Price spread now: BloFin against Hotstuff+0.075%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 BloFin

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

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and BloFin is 0.075% dearer against Hotstuff than usual: you sell high and buy low: +$7 more if the spread 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	4,346.8	−0.0048	get 0.0006% / 1h	20m 16s	$33K	—	25x
Short	BloFin XAU-USDT	4,350.1	0.0331	get 0.0166% / 4h	20m 16s	$15.6M	$4.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.075%Rate

Funding earned: $79.68
Price spread: +0.075% → 0.000%: $7.5
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: $70.18
Costs to cover: 0.170%
Break-even: 0.8 days

Slippage unknown: Hotstuff: no order-book sample; BloFin: live order book, 4 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 BloFin live order book, 4 min ago	0.03 bp	6.0 bp −$6	6.2 bp −$62	6.9 bp −$689	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
Hotstuff GOLD-PERPlong	−0.0048%	1h	4,346.8	long leg	$33K	—	25x
RISEx XAU/USDC	0.0000%	1h	4,350.1	+0.076%	$3.4M	$12.3M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,351.6	+0.111%	$265.2M	$415.5M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,354.7	+0.182%	$93K	$8.9M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,346.8	0.000%	$271K	—	250x	as long as short
Lighter XAU	+0.0032%	1h	4,350.2	+0.078%	$20.8M	$38.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,346.8	0.000%	$13.2M	$38.4M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.083%	$619	$54	52x	as long as short
Lighter RH XAU	+0.0040%	1h	4,352.6	+0.132%	$20.1M	$39.3M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,350.7	+0.090%	$3.8M	$4.5M	40x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USD	+0.0041%	1h	4,349.7	+0.067%	$5.7M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,383.6	+0.847%	—	$1.0M	25x	as long as short
Kalshi KXGOLDPERP	+0.0047%	24h	4,348.8	+0.046%	$4.2M	$37.3M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,346.1	−0.016%	$2.0M	$4.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,347.8	+0.023%	$293.9M	$48.8M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,346.4	−0.010%	$15.1M	$56.8M	25x	as long as short
Aster XAUUSD1	+0.0062%	4h	4,351.6	+0.111%	$71.2M	$333.1M	20x	as long as short
Variational Omni XAU	+0.0077%	4h	4,349.2	+0.056%	$48.5M	$28.0M	—	as long as short
Paradex XAU-USD-PERP	+0.0081%	8h	4,350.4	+0.082%	$19K	$5K	5x	as long as short
GRVT XAU_USDT_Perp	+0.0088%	4h	4,350.6	+0.088%	$1.4M	$2.9M	25x	as long as short
MEXC XAU_USDT	+0.0090%	4h	4,351.3	+0.102%	$372.9M	$318.3M	1000x	as long as short
Binance XAUUSDT	+0.0091%	4h	4,351.2	+0.102%	$413.6M	$2.09B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,346.5	−0.007%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,349.5	+0.063%	$275K	$203K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,343.8	−0.069%	$25K	$14K	20x	as long as short
edgeX XAUUSDC	+0.0101%	4h	4,346.3	−0.011%	$30.2M	$58.1M	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,349.7	+0.067%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0142%	1h	4,348.4	+0.037%	$47K	$77K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0157%	1h	4,350.3	+0.081%	$4.3M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0187%	1h	4,350.6	+0.088%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0194%	1h	4,347.3	+0.013%	$593K	$132K	25x	as long as short
Phemex XAUUSDT	+0.0215%	4h	4,354	+0.165%	$2.2M	$967K	100x	as long as short
Bitget XAUUSDT	+0.0234%	4h	4,351.7	+0.114%	$70.0M	$109.4M	100x	as long as short
Bybit XAUUSDT	+0.0244%	4h	4,352.8	+0.138%	$85.4M	$144.9M	150x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0256%	1h	4,349.3	+0.058%	$206K	$822K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0294%	8h	4,352.4	+0.129%	$165.6M	$282.6M	100x	as long as short
BloFin XAU-USDTshort	+0.0331%	4h	4,350.1	+0.075%	$15.6M	$4.5M	100x
GMX GOLD/USD [ETH-USDC]	L +0.0417% / S −0.0236%	1h	4,350.6	+0.087%	$248K	—	111x	as long as short
HTX XAU-USDT	+0.0624%	4h	4,355.2	+0.194%	$2.9M	$4.3M	75x	as long as short