Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0071%/8h= +7.7% APRpaid last 24h +0.010%

Price spread now: Bybit against Hotstuff+0.096%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 Bybit

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 +$2 a day on $10k at the current rate, and Bybit is 0.096% dearer against Hotstuff than usual: you sell high and buy low: +$10 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	4,316.5	0.0048	pay 0.0006% / 1h	20m 14s	$32K	—	25x
Short	Bybit XAUUSDT	4,320.6	0.0119	get 0.0059% / 4h	2h 20m	$80.5M	$170.7M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.096%Rate

Funding earned: $14.84
Price spread: +0.096% → 0.000%: $9.57
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $8.41
Costs to cover: 0.160%
Break-even: 3.0 days

Slippage unknown: Hotstuff: no order-book sample; Bybit: live order book, 2 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 Bybit live order book, 2 min ago	0.01 bp	5.5 bp −$6	6.8 bp −$68	10.5 bp −$1,045	31.5 bp −$15.8K

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 exchanges

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	4,324	+0.174%	$92K	$6.2M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,315.5	−0.022%	$274K	—	250x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0024%	1h	4,315.9	−0.014%	$2.0M	$5.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.786%	$619	$54	52x	as long as short
QFEX GOLD-USD	+0.0038%	1h	4,319.2	+0.063%	$6.6M	$3.2M	20x	as long as short
StandX XAU-USD	+0.0040%	1h	4,320.9	+0.102%	$3.8M	$4.5M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,352.6	+0.836%	—	$1.0M	25x	as long as short
Hotstuff GOLD-PERPlong	+0.0048%	1h	4,316.5	long leg	$32K	—	25x
tradeXYZ xyz:GOLD	+0.0050%	1h	4,316.4	−0.002%	$291.5M	$52.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,315.7	−0.018%	$15.0M	$57.4M	25x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XAU-USD-PERP	+0.0055%	8h	4,319.3	+0.066%	$2K	$13K	5x	as long as short
RISEx XAU/USDC	+0.0056%	1h	4,320.2	+0.087%	$4.7M	$13.5M	25x	as long as short
Aster XAUUSD1	+0.0063%	4h	4,321.9	+0.125%	$73.6M	$274.4M	20x	as long as short
Phoenix GOLD	+0.0076%	1h	4,317.3	+0.019%	$43K	$72K	25x	as long as short
Gate XAU_USDT	+0.0082%	4h	4,321.6	+0.118%	$299.9M	$444.0M	100x	as long as short
Variational Omni XAU	+0.0090%	4h	4,319	+0.057%	$47.0M	$29.3M	—	as long as short
Lighter XAU	+0.0096%	1h	4,319	+0.057%	$20.1M	$29.9M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,316.1	−0.008%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,317.1	+0.013%	$283K	$223K	50x	as long as short
MEXC XAU_USDT	+0.0112%	4h	4,319.7	+0.075%	$359.2M	$359.0M	1000x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,318.9	+0.056%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0114%	4h	4,314.8	−0.041%	$30.1M	$66.1M	50x	as long as short
Binance XAUUSDT	+0.0114%	4h	4,319.7	+0.075%	$440.3M	$2.38B	100x	as long as short
GRVT XAU_USDT_Perp	+0.0114%	4h	4,318.7	+0.052%	$1.4M	$3.0M	25x	as long as short
Bybit XAUUSDTshort	+0.0119%	4h	4,320.6	+0.096%	$80.5M	$170.7M	150x
Kalshi KXGOLDPERP	+0.0129%	24h	4,321.3	+0.111%	$3.5M	$49.6M	15x	as long as short
Polymarket Perps GOLD-USD	+0.0133%	1h	4,319.5	+0.070%	$4.3M	$1.7M	20x	as long as short
Lighter RH XAU	+0.0144%	1h	4,321.5	+0.115%	$20.0M	$40.0M	25x	as long as short
Extended XAU-USD	+0.0144%	1h	4,315.7	−0.018%	$12.7M	$35.2M	25x	as long as short
Bluefin GOLD-PERP	+0.0182%	1h	4,312.5	−0.093%	$25K	$1K	20x	as long as short
Bullet GOLD-USD	+0.0201%	1h	4,319.7	+0.075%	$59K	$76K	10x	as long as short
Bitget XAUUSDT	+0.0208%	4h	4,320	+0.081%	$73.9M	$134.4M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0237%	1h	4,318.3	+0.042%	$135K	$789K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0242%	8h	4,320.9	+0.102%	$170.3M	$354.6M	100x	as long as short
BloFin XAU-USDT	+0.0354%	4h	4,319.5	+0.068%	$16.2M	$5.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0412%	1h	4,316.7	+0.004%	$581K	$165K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0459% / S −0.0306%	1h	4,319.7	+0.075%	$252K	—	111x	as long as short
Phemex XAUUSDT	+0.0506%	4h	4,321.4	+0.113%	$2.2M	$783K	100x	as long as short
HTX XAU-USDT	+0.1123%	4h	4,327	+0.243%	$3.2M	$7.0M	75x	as long as short