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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: tradeXYZ against Hotstuff+0.014%48s7-day average · you sell dearer than you buy
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 · tradeXYZ: 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: $0 a day on $10k at the current rate. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff GOLD-PERP4,340.60.0040pay 0.0005% / 1h13m 37s$33K25x
ShorttradeXYZ xyz:GOLD4,341.20.0050get 0.0006% / 1h13m 37s$293.7M$49.2M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ 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
$2.1
Price spread: +0.014% → 0.000%
$1.38
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$19.52
Costs to cover
0.230%
Break-even
72.1 days
Slippage unknown: Hotstuff: no order-book sample; tradeXYZ: live order book, 6 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 tradeXYZ live order book, 6 min ago0.12 bp9.1 bp −$99.7 bp −$9711.4 bp −$1,142doesn'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
SunX XAU-USDT0.0000%4h4,348.6+0.184%$92K$8.6M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,340.3−0.007%$272K250xas long as short
RISEx XAU/USDC+0.0005%1h4,344.8+0.097%$3.8M$12.5M25xas long as short
Bluefin GOLD-PERP+0.0007%1h4,337.5−0.073%$25K$14K20xas long as short
Extended XAU-USD+0.0032%1h4,340.4−0.005%$13.3M$37.2M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.226%$619$5452xas long as short
Hotstuff GOLD-PERPlong+0.0040%1h4,340.6long leg$33K25x
StandX XAU-USD+0.0040%1h4,345.1+0.104%$3.8M$4.5M40xas long as short
QFEX GOLD-USD+0.0042%1h4,344+0.078%$5.6M$2.1M20xas long as short
Bybit XAUUSDT+0.0043%4h4,345.4+0.110%$79.9M$152.1M150xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest GC-PERP+0.0046%1h4,376.9+0.836%$1.0M25xas long as short
tradeXYZ xyz:GOLDshort+0.0050%1h4,341.2+0.014%$293.7M$49.2M25x
Ondo Perps XAU-USD.P+0.0050%1h4,341.6+0.023%$15.0M$56.8M25xas long as short
Kalshi KXGOLDPERP+0.0051%24h4,341.9+0.030%$4.3M$37.4M15xas long as short
Lighter XAU+0.0056%1h4,343.4+0.065%$20.7M$34.7M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0056%1h4,339.3−0.030%$2.1M$4.7M25xas long as short
Paradex XAU-USD-PERP+0.0063%8h4,344.2+0.082%$19K$5K5xas long as short
Gate XAU_USDT+0.0074%4h4,345.7+0.117%$268.3M$418.4M100xas long as short
Lighter RH XAU+0.0080%1h4,345.8+0.120%$20.2M$40.1M25xas long as short
Aster XAUUSD1+0.0095%4h4,346+0.124%$71.5M$331.7M20xas long as short
Pacifica XAU+0.0100%1h4,340.5−0.001%$1.4M$1.1M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,340.8+0.006%$274K$203K50xas long as short
Variational Omni XAU+0.0107%4h4,343.1+0.057%$48.4M$27.5Mas long as short
Aevo XAU-PERP+0.0112%1h4,343.5+0.067%$161K$8710xas long as short
MEXC XAU_USDT+0.0118%4h4,344.5+0.089%$371.6M$320.9M1000xas long as short
Binance XAUUSDT+0.0120%4h4,344.5+0.089%$418.7M$2.09B100xas long as short
Phoenix GOLD+0.0136%1h4,340.9+0.007%$47K$77K25xas long as short
edgeX XAUUSDC+0.0136%4h4,340.1−0.012%$30.2M$58.3M50xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0165%1h4,343+0.055%$205K$825K25xas long as short
GRVT XAU_USDT_Perp+0.0172%4h4,344.3+0.085%$1.4M$2.9M25xas long as short
Phemex XAUUSDT+0.0182%4h4,347+0.148%$2.2M$967K100xas long as short
Polymarket Perps GOLD-USD+0.0208%1h4,344+0.078%$4.3M$2.0M20xas long as short
Bullet GOLD-USD+0.0210%1h4,344.5+0.090%$59K$82K10xas long as short
Kraken Futures PF_XAUUSD+0.0259%1h4,341+0.009%$592K$132K25xas long as short
Bitget XAUUSDT+0.0270%4h4,344.9+0.099%$71.1M$109.2M100xas long as short
OKX XAU-USDT-SWAP+0.0327%8h4,345.3+0.108%$167.2M$282.6M100xas long as short
BloFin XAU-USDT+0.0359%4h4,344.1+0.080%$15.7M$4.4M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0428% / S −0.0252%1h4,344.4+0.089%$250K111xas long as short
HTX XAU-USDT+0.0488%4h4,346.8+0.143%$2.8M$4.6M75xas long as short