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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0955%/8h= −104.6% APRpaid last 24h −0.079%
Price spread now: Aevo against HTX−0.213%7-day average −0.070% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$490.491% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.052%+$5 on $10k
Price spread, last 4 days (all we have)+0.180%+$18 · spread now −0.213%, 7d avg −0.070%
Together, before fees+0.233%+$23 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and Aevo is 0.143% cheaper against HTX than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.070%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.052%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.052% in total (about 2.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX XAU-USDT4,315.70.1059pay 0.0530% / 4h3h 38m$3.2M$6.2M75x
ShortAevo XAU-PERP4,306.40.0104get 0.0013% / 1h38m 52s$159K$8710x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against HTX. 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
−$200.6
Price spread: −0.213% → −0.070%
−$14.31
Slippage, 4 orders
−$21.13
Fee HTX: 6 bp × 2 orders
−$12
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$264.04
Costs to cover
0.491%
Break-even
never at this rate
Slippage from HTX: live order book, 5 min ago; Aevo: live order book, 60 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 5 min ago0.01 bp6.8 bp −$78.6 bp −$8612.7 bp −$1,269doesn't fit
Sell Aevo live order book, 60 min ago5.13 bp16.9 bp −$1729.4 bp −$294doesn't fitdoesn't fit

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
Hotstuff GOLD-PERP−0.0080%1h4,303.8−0.275%$32K25xas long as short
SunX XAU-USDT0.0000%4h4,312.1−0.082%$92K$6.8M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,304−0.269%$278K250xas long as short
GRVT XAU_USDT_Perp+0.0018%4h4,306−0.224%$1.4M$3.1M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.806%$619$5452xas long as short
Vest GC-PERP+0.0046%1h4,339.7+0.557%$1.0M25xas long as short
QFEX GOLD-USD+0.0046%1h4,308−0.177%$6.6M$3.1M20xas long as short
Extended XAU-USD+0.0048%1h4,303.7−0.278%$13.1M$36.3M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,304.8−0.251%$290.9M$53.8M25xas long as short
Polymarket Perps GOLD-USD+0.0050%1h4,304.7−0.254%$4.3M$1.8M20xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps XAU-USD.P+0.0050%1h4,304.4−0.261%$15.0M$55.8M25xas long as short
Aster XAUUSD1+0.0052%4h4,308.5−0.166%$73.4M$271.8M20xas long as short
StandX XAU-USD+0.0054%1h4,308.2−0.173%$3.8M$4.5M40xas long as short
Coinbase International GOLD-PERP-INTX+0.0056%1h4,303.6−0.279%$2.0M$5.1M25xas long as short
Paradex XAU-USD-PERP+0.0060%8h4,307.7−0.184%$2K$13K5xas long as short
Bybit XAUUSDT+0.0066%4h4,309−0.155%$77.4M$157.2M150xas long as short
Lighter XAU+0.0080%1h4,307−0.200%$20.3M$28.8M25xas long as short
Variational Omni XAU+0.0087%4h4,306.3−0.218%$46.6M$29.2Mas long as short
Phoenix GOLD+0.0095%1h4,303.2−0.288%$42K$86K25xas long as short
Lighter RH XAU+0.0096%1h4,309.8−0.135%$19.8M$39.8M25xas long as short
Pacifica XAU+0.0100%1h4,304.5−0.258%$1.4M$1.2M10xas long as short
MEXC XAU_USDT+0.0100%4h4,307.5−0.190%$360.9M$336.6M1000xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,304.3−0.263%$275K$218K50xas long as short
Binance XAUUSDT+0.0101%4h4,308−0.176%$434.2M$2.22B100xas long as short
Aevo XAU-PERPshort+0.0104%1h4,306.4−0.213%$159K$8710x
Kalshi KXGOLDPERP+0.0108%24h4,310.1−0.129%$3.7M$46.4M15xas long as short
edgeX XAUUSDC+0.0121%4h4,304.7−0.254%$30.0M$61.4M50xas long as short
RISEx XAU/USDC+0.0126%1h4,308.3−0.171%$4.4M$13.1M25xas long as short
Gate XAU_USDT+0.0140%4h4,309.8−0.137%$295.7M$425.7M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0168%1h4,306.8−0.205%$134K$884K25xas long as short
Bitget XAUUSDT+0.0188%4h4,307.9−0.180%$70.2M$124.3M100xas long as short
Bullet GOLD-USD+0.0202%1h4,308.3−0.170%$58K$81K10xas long as short
OKX XAU-USDT-SWAP+0.0249%8h4,308.9−0.156%$170.8M$329.2M100xas long as short
Kraken Futures PF_XAUUSD+0.0328%1h4,306−0.223%$573K$138K25xas long as short
BloFin XAU-USDT+0.0364%4h4,308.3−0.170%$16.2M$5.0M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0467% / S −0.0314%1h4,308.3−0.170%$255K111xas long as short
Phemex XAUUSDT+0.0622%4h4,311.8−0.089%$2.2M$951K100xas long as short
HTX XAU-USDTlong+0.1059%4h4,315.7long leg$3.2M$6.2M75x
Bluefin GOLD-PERP+0.5300%1h4,302.8−0.297%$25K$1K20xas long as short