Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0118%/8h= +12.9% APRpaid last 24h +0.045%

Price spread now: OKX against Hotstuff+0.177%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 OKX

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

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and OKX is 0.177% dearer against Hotstuff than usual: you sell high and buy low: +$18 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	4,340.4	0.0056	pay 0.0007% / 1h	59m 33s	$33K	—	25x
Short	OKX XAU-USDT-SWAP	4,348.1	0.0174	get 0.0174% / 8h	1h 59m	$158.1M	$272.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.177%Rate

Funding earned: $24.7
Price spread: +0.177% → 0.000%: $17.74
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: $27.44
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Hotstuff: no order-book sample; OKX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Hotstuff no order-book sample	—	—	—	—	—
Sell OKX live order book, 5 min ago	0.12 bp	5.1 bp −$5	5.1 bp −$51	8.2 bp −$824	19.2 bp −$9,579

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 38 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	−0.0575%	1h	4,338.1	−0.052%	$26K	$21K	20x	as long as short
Aster XAUUSD1	0.0000%	4h	4,347.2	+0.157%	$71.2M	$240.3M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,349.1	+0.201%	$412.0M	$2.11B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,350.2	+0.226%	$82.7M	$144.9M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,347.9	+0.173%	$3.4M	$12.6M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,348.8	+0.193%	$272.8M	$404.3M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,346.2	+0.133%	$372.2M	$345.5M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,346.5	+0.140%	$67.3M	$112.1M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,344.2	+0.088%	$47.8M	$33.5M	—	as long as short
GRVT XAU_USDT_Perp	0.0000%	4h	4,343.9	+0.081%	$1.4M	$3.3M	25x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXGOLDPERP	0.0000%	24h	4,343.4	+0.069%	$3.9M	$34.1M	15x	as long as short
Bullet GOLD-USD	0.0000%	1h	4,345.1	+0.108%	$59K	$84K	10x	as long as short
SunX XAU-USDT	0.0000%	4h	4,349.2	+0.203%	$92K	$10.9M	20x	as long as short
HTX XAU-USDT	0.0000%	4h	4,348.7	+0.192%	$2.8M	$3.8M	75x	as long as short
edgeX XAUUSDC	+0.0009%	4h	4,339.5	−0.021%	$30.2M	$58.0M	50x	as long as short
Lighter XAU	+0.0032%	1h	4,343.8	+0.078%	$20.7M	$42.9M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,345.1	+0.108%	$20.2M	$40.6M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,345.6	+0.121%	$13.2M	$50.5M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.231%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,343.6	+0.074%	$3.8M	$4.7M	40x	as long as short
tradeXYZ xyz:GOLD	+0.0041%	1h	4,341.5	+0.025%	$292.3M	$53.8M	25x	as long as short
Vest GC-PERP	+0.0046%	1h	4,381.7	+0.952%	—	$995K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,342.8	+0.055%	$4.3M	$2.3M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,345.8	+0.123%	$14.3M	$55.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0050%	8h	4,347.7	+0.169%	$19K	$6K	5x	as long as short
QFEX GOLD-USD	+0.0052%	1h	4,344	+0.083%	$5.5M	$1.9M	20x	as long as short
Hotstuff GOLD-PERPlong	+0.0056%	1h	4,340.4	long leg	$33K	—	25x
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,340.6	+0.005%	$2.0M	$5.2M	25x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,342.8	+0.054%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,343.8	+0.078%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,342.5	+0.049%	$272K	$204K	50x	as long as short
Phoenix GOLD	+0.0109%	1h	4,343.4	+0.069%	$47K	$69K	25x	as long as short
OKX XAU-USDT-SWAPshort	+0.0174%	8h	4,348.1	+0.177%	$158.1M	$272.3M	100x
BloFin XAU-USDT	+0.0240%	4h	4,344.4	+0.092%	$14.8M	$4.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0333%	1h	4,341.9	+0.034%	$599K	$160K	25x	as long as short
Phemex XAUUSDT	+0.0386%	4h	4,345.4	+0.115%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0450% / S −0.0246%	1h	4,345.2	+0.110%	$251K	—	29x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0695%	1h	4,344.2	+0.088%	$221K	$878K	25x	as long as short