Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0505%/8h= −55.3% APRpaid last 24h −0.030%

Price spread now: ApeX Omni against HTX−0.094%7-day average −0.091% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$530.529% of the position

Long on HTX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 3 days (all we have)−0.007%−$1 · spread now −0.094%, 7d avg −0.091%

Together, before fees+0.039%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.091%, so right now this pair is about funding alone: −$15 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.046% in total (about 2.4% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAU-USDT	4,365.7	0.0605	pay 0.0302% / 4h	3h 27m	$2.9M	$3.9M	75x
Short	ApeX Omni XAUUSDT	4,361.6	0.0100	get 0.0013% / 1h	27m 27s	$275K	$204K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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

Position, each leg$Hold fordaysFee HTXbpFee ApeX OmnibpOrdersPrice spread, now −0.094%Rate

Funding earned: −$105.99
Price spread: −0.094% → −0.091%: −$0.36
Slippage, 4 orders: −$30.93
Fee HTX: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$159.28
Costs to cover: 0.529%
Break-even: never at this rate

Slippage from HTX: live order book, 2 min ago; ApeX Omni: live order book, 45 min ago.

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 HTX live order book, 2 min ago	0.01 bp	7.4 bp −$7	11.9 bp −$119	23.4 bp −$2,338	doesn't fit
Sell ApeX Omni live order book, 45 min ago	4.79 bp	20.3 bp −$20	33.1 bp −$331	44.5 bp −$4,455	doesn't fit

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	4,362.2	−0.082%	$71.1M	$200.3M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,363.1	−0.060%	$265.5M	$415.4M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,362.5	−0.074%	$48.0M	$28.0M	—	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,358.5	−0.166%	$4.0M	$36.6M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,366.5	+0.017%	$93K	$10.2M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,358.3	−0.172%	$267K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0008%	1h	4,359.7	−0.138%	$33K	—	25x	as long as short
MEXC XAU_USDT	+0.0014%	4h	4,362.3	−0.078%	$373.3M	$327.2M	1000x	as long as short
Binance XAUUSDT	+0.0018%	4h	4,362.1	−0.083%	$411.9M	$2.15B	100x	as long as short
edgeX XAUUSDC	+0.0026%	4h	4,356.1	−0.220%	$30.3M	$60.3M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.351%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,362.4	−0.077%	$3.8M	$4.7M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,361.7	−0.093%	$5.6M	$1.9M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,396.5	+0.705%	—	$1.0M	25x	as long as short
RISEx XAU/USDC	+0.0048%	1h	4,362.4	−0.077%	$3.4M	$12.3M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,359.4	−0.145%	$294.0M	$52.6M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,357.3	−0.194%	$14.7M	$57.2M	25x	as long as short
Bitget XAUUSDT	+0.0052%	4h	4,362.5	−0.074%	$69.6M	$113.2M	100x	as long as short
Phoenix GOLD	+0.0055%	1h	4,360.2	−0.127%	$48K	$64K	25x	as long as short
BloFin XAU-USDT	+0.0057%	4h	4,363.5	−0.052%	$15.5M	$4.5M	100x	as long as short
Lighter XAU	+0.0072%	1h	4,361.2	−0.105%	$20.6M	$44.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0080%	8h	4,362	−0.085%	$19K	$5K	5x	as long as short
Aevo XAU-PERP	+0.0088%	1h	4,360.9	−0.111%	$161K	$87	10x	as long as short
Lighter RH XAU	+0.0096%	1h	4,363.9	−0.043%	$20.2M	$41.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,359.9	−0.134%	$2.0M	$5.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,358.4	−0.168%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDTshort	+0.0100%	1h	4,361.6	−0.094%	$275K	$204K	50x
Bluefin GOLD-PERP	+0.0100%	1h	4,354.6	−0.254%	$26K	$22K	20x	as long as short
Extended XAU-USD	+0.0112%	1h	4,358.3	−0.170%	$13.5M	$43.9M	25x	as long as short
Bybit XAUUSDT	+0.0116%	4h	4,363.4	−0.054%	$83.1M	$143.7M	150x	as long as short
Polymarket Perps GOLD-USD	+0.0128%	1h	4,361.4	−0.099%	$4.3M	$1.8M	20x	as long as short
GRVT XAU_USDT_Perp	+0.0152%	4h	4,362.7	−0.069%	$1.4M	$3.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0197%	8h	4,363.7	−0.047%	$165.4M	$286.2M	100x	as long as short
Bullet GOLD-USD	+0.0213%	1h	4,362.7	−0.069%	$59K	$81K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,358.9	−0.157%	$594K	$151K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0232%	1h	4,360.8	−0.113%	$235K	$656K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,362.4	−0.076%	$252K	—	111x	as long as short
Phemex XAUUSDT	+0.0529%	4h	4,365.2	−0.013%	$2.2M	$1.1M	100x	as long as short
HTX XAU-USDTlong	+0.0605%	4h	4,365.7	long leg	$2.9M	$3.9M	75x