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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0088%/8h= −9.6% APRnext payment $0.11 per $10,000 · paid last 24h +0.012%
Price spread now: Coinbase International against Hotstuff−0.005%7-day average · you buy dearer than you sell
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 4 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff GOLD-PERP4,347.80.0136pay 0.0017% / 1h24m 11s$33K25x
ShortCoinbase International GOLD-PERP-INTX4,347.60.0048get 0.0006% / 1h24m 11s$2.0M$4.8M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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
−$18.48
Price spread: −0.005% → 0.000%
−$0.46
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$33.94
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Hotstuff: no order-book sample; Coinbase International: live order book, 5 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 Coinbase International live order book, 5 min ago0.12 bp7.1 bp −$78.0 bp −$80doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
RISEx XAU/USDC0.0000%1h4,350.9+0.072%$3.4M$12.3M25xas long as short
SunX XAU-USDT0.0000%4h4,355.2+0.171%$93K$8.9M20xas long as short
Gate XAU_USDT+0.0002%4h4,351.9+0.094%$266.5M$414.4M100xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,347−0.017%$271K250xas long as short
Lighter XAU+0.0032%1h4,350.1+0.052%$20.8M$38.1M25xas long as short
Extended XAU-USD+0.0032%1h4,347−0.018%$13.2M$38.5M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.060%$619$5452xas long as short
Lighter RH XAU+0.0040%1h4,352.2+0.101%$20.1M$39.3M25xas long as short
StandX XAU-USD+0.0040%1h4,350.7+0.067%$3.8M$4.6M40xas long as short
QFEX GOLD-USD+0.0041%1h4,350.4+0.060%$5.7M$2.0M20xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest GC-PERP+0.0046%1h4,384.2+0.837%$1.1M25xas long as short
Kalshi KXGOLDPERP+0.0047%24h4,349.5+0.039%$4.2M$37.3M15xas long as short
Coinbase International GOLD-PERP-INTXshort+0.0048%1h4,347.6−0.005%$2.0M$4.8M25x
tradeXYZ xyz:GOLD+0.0050%1h4,347.6−0.005%$293.9M$48.7M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,347.1−0.016%$15.1M$56.9M25xas long as short
Aster XAUUSD1+0.0066%4h4,352.1+0.098%$71.1M$333.8M20xas long as short
Variational Omni XAU+0.0078%4h4,351+0.073%$48.4M$27.9Mas long as short
Paradex XAU-USD-PERP+0.0084%8h4,350.9+0.071%$19K$5K5xas long as short
GRVT XAU_USDT_Perp+0.0086%4h4,351.4+0.084%$1.4M$2.9M25xas long as short
MEXC XAU_USDT+0.0092%4h4,351+0.073%$372.9M$318.1M1000xas long as short
Binance XAUUSDT+0.0093%4h4,351+0.073%$413.5M$2.10B100xas long as short
Pacifica XAU+0.0100%1h4,347.6−0.005%$1.4M$1.1M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,348.2+0.009%$275K$203K50xas long as short
Bluefin GOLD-PERP+0.0100%1h4,345.2−0.060%$25K$14K20xas long as short
Aevo XAU-PERP+0.0104%1h4,350.5+0.063%$161K$8710xas long as short
edgeX XAUUSDC+0.0108%4h4,344.5−0.076%$30.2M$58.0M50xas long as short
Hotstuff GOLD-PERPlong+0.0136%1h4,347.8long leg$33K25x
Phoenix GOLD+0.0142%1h4,348.4+0.014%$47K$77K25xas long as short
Polymarket Perps GOLD-USD+0.0158%1h4,351.2+0.078%$4.3M$2.0M20xas long as short
Bullet GOLD-USD+0.0193%1h4,350.9+0.071%$59K$82K10xas long as short
Kraken Futures PF_XAUUSD+0.0194%1h4,348.2+0.009%$593K$132K25xas long as short
Phemex XAUUSDT+0.0202%4h4,353.7+0.135%$2.2M$967K100xas long as short
Bitget XAUUSDT+0.0236%4h4,351.2+0.078%$70.0M$109.3M100xas long as short
Bybit XAUUSDT+0.0244%4h4,352.2+0.102%$85.3M$144.8M150xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0279%1h4,349.8+0.046%$206K$822K25xas long as short
OKX XAU-USDT-SWAP+0.0293%8h4,352.8+0.115%$165.8M$281.5M100xas long as short
BloFin XAU-USDT+0.0335%4h4,351.3+0.081%$15.6M$4.5M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0416% / S −0.0234%1h4,350.9+0.071%$248K111xas long as short
HTX XAU-USDT+0.0624%4h4,356.2+0.193%$2.9M$4.3M75xas long as short