Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h +0.005%

Price spread now: Gate against Hotstuff+0.103%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 Gate

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 days—no 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. Gate is 0.103% dearer against Hotstuff than usual: you sell high and buy low (spread +0.103% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff GOLD-PERP	4,356.3	0.0080	pay 0.0010% / 1h	10m 18s	$33K	—	25x
Short	Gate XAU_USDT	4,360.8	0	get 0.0000% / 4h	3h 10m	$265.8M	$421.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.103%Rate

Funding earned: −$16.8
Price spread: +0.103% → 0.000%: $10.28
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$26.52
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; Gate: 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 Gate live order book, 4 min ago	0.01 bp	8.5 bp −$9	10.2 bp −$102	13.3 bp −$1,327	14.4 bp −$7,205

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
Aster XAUUSD1	0.0000%	4h	4,360.5	+0.097%	$70.9M	$209.4M	20x	as long as short
Gate XAU_USDTshort	0.0000%	4h	4,360.8	+0.103%	$265.8M	$421.1M	100x
Kalshi KXGOLDPERP	0.0000%	24h	4,356.8	+0.011%	$4.1M	$36.7M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,363.9	+0.173%	$93K	$10.2M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,355.7	−0.014%	$273K	—	250x	as long as short
Variational Omni XAU	+0.0022%	4h	4,358.7	+0.055%	$48.4M	$28.5M	—	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.135%	$619	$54	52x	as long as short
MEXC XAU_USDT	+0.0038%	4h	4,359.8	+0.079%	$372.3M	$330.5M	1000x	as long as short
Extended XAU-USD	+0.0040%	1h	4,355.7	−0.013%	$13.5M	$43.6M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,359.3	+0.069%	$3.8M	$4.7M	40x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XAUUSDT	+0.0041%	4h	4,359.8	+0.080%	$411.4M	$2.16B	100x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,358.4	+0.048%	$5.6M	$1.9M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,393.4	+0.852%	—	$1.0M	25x	as long as short
edgeX XAUUSDC	+0.0047%	4h	4,350.5	−0.133%	$30.3M	$60.8M	50x	as long as short
RISEx XAU/USDC	+0.0048%	1h	4,359.8	+0.080%	$3.4M	$12.4M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,356.3	0.000%	$293.8M	$51.9M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,355.4	−0.021%	$14.7M	$57.2M	25x	as long as short
Phoenix GOLD	+0.0055%	1h	4,355.9	−0.009%	$48K	$64K	25x	as long as short
Lighter XAU	+0.0072%	1h	4,358.6	+0.053%	$20.6M	$44.3M	25x	as long as short
Hotstuff GOLD-PERPlong	+0.0080%	1h	4,356.3	long leg	$33K	—	25x
Paradex XAU-USD-PERP	+0.0084%	8h	4,359.4	+0.070%	$19K	$5K	5x	as long as short
Bitget XAUUSDT	+0.0086%	4h	4,359.8	+0.081%	$68.9M	$112.5M	100x	as long as short
Aevo XAU-PERP	+0.0088%	1h	4,358.8	+0.058%	$161K	$87	10x	as long as short
Lighter RH XAU	+0.0096%	1h	4,361.1	+0.109%	$20.2M	$41.2M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,357.1	+0.018%	$2.0M	$5.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,356.9	+0.014%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,354.8	−0.035%	$275K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,352.1	−0.095%	$26K	$22K	20x	as long as short
Polymarket Perps GOLD-USD	+0.0120%	1h	4,359	+0.062%	$4.3M	$1.8M	20x	as long as short
GRVT XAU_USDT_Perp	+0.0140%	4h	4,357.9	+0.036%	$1.4M	$3.1M	25x	as long as short
BloFin XAU-USDT	+0.0159%	4h	4,359.3	+0.069%	$15.3M	$4.6M	100x	as long as short
Bybit XAUUSDT	+0.0187%	4h	4,360.9	+0.107%	$84.1M	$144.9M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0208%	8h	4,361.3	+0.115%	$164.1M	$289.3M	100x	as long as short
Bullet GOLD-USD	+0.0212%	1h	4,359.8	+0.080%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,356.8	+0.011%	$594K	$141K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0232%	1h	4,358.1	+0.041%	$235K	$658K	25x	as long as short
Phemex XAUUSDT	+0.0332%	4h	4,360.2	+0.089%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,359.8	+0.080%	$252K	—	111x	as long as short
HTX XAU-USDT	+0.0562%	4h	4,363.7	+0.170%	$2.9M	$3.9M	75x	as long as short