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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0124%/8h= −13.6% APRnext payment $0.62 per $10,000 · paid last 24h −0.054%
Price spread now: Binance against HTX−0.101%7-day average −0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$260.259% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.018%+$2 on $10k
Price spread, last 4 days (all we have)+0.068%+$7 · spread now −0.101%, 7d avg −0.052%
Together, before fees+0.086%+$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Binance is 0.049% cheaper against HTX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.052%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX XAU-USDT4,330.20.0235pay 0.0118% / 4h2h 13m$2.8M$5.0M75x
ShortBinance XAUUSDT4,325.80.0111get 0.0056% / 4h2h 13m$413.7M$2.18B100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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
−$26.02
Price spread: −0.101% → −0.052%
−$4.93
Slippage, 4 orders
−$3.92
Fee HTX: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$56.87
Costs to cover
0.259%
Break-even
never at this rate
Slippage from HTX: live order book, 5 min ago; Binance: live order book, 15 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 bp8.3 bp −$811.5 bp −$11515.6 bp −$1,557doesn't fit
Sell Binance live order book, 15 min ago0.01 bp5.0 bp −$55.0 bp −$507.6 bp −$764doesn'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
Bluefin GOLD-PERP−0.0031%1h4,320.2−0.231%$25K$14K20xas long as short
SunX XAU-USDT0.0000%4h4,328.9−0.029%$92K$8.3M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,323.4−0.156%$270K250xas long as short
Bybit XAUUSDT+0.0009%4h4,326.5−0.085%$77.9M$156.5M150xas long as short
Extended XAU-USD+0.0032%1h4,322.4−0.180%$13.1M$37.0M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.467%$619$5452xas long as short
Hotstuff GOLD-PERP+0.0040%1h4,322.3−0.182%$32K25xas long as short
StandX XAU-USD+0.0040%1h4,328.2−0.046%$3.8M$4.5M40xas long as short
QFEX GOLD-USD+0.0044%1h4,323.7−0.150%$5.4M$2.1M20xas long as short
Vest GC-PERP+0.0046%1h4,358+0.642%$1.0M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter XAU+0.0048%1h4,324.1−0.140%$20.5M$31.6M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,322.2−0.184%$291.5M$51.8M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,321.1−0.209%$15.0M$56.8M25xas long as short
RISEx XAU/USDC+0.0054%1h4,325.4−0.110%$3.9M$12.5M25xas long as short
Kalshi KXGOLDPERP+0.0062%24h4,326.2−0.092%$4.0M$42.0M15xas long as short
Paradex XAU-USD-PERP+0.0071%8h4,324.4−0.133%$19K$5K5xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,321.3−0.205%$2.0M$4.8M25xas long as short
Gate XAU_USDT+0.0074%4h4,327.6−0.060%$272.3M$415.2M100xas long as short
Lighter RH XAU+0.0080%1h4,327.4−0.064%$19.8M$38.9M25xas long as short
Aster XAUUSD1+0.0100%4h4,326.7−0.080%$72.1M$331.6M20xas long as short
Pacifica XAU+0.0100%1h4,320.9−0.215%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,325.2−0.116%$272K$208K50xas long as short
Variational Omni XAU+0.0104%4h4,327.8−0.055%$46.9M$28.6Mas long as short
GRVT XAU_USDT_Perp+0.0104%4h4,326.7−0.080%$1.4M$2.9M25xas long as short
MEXC XAU_USDT+0.0110%4h4,326.4−0.088%$362.8M$328.9M1000xas long as short
Binance XAUUSDTshort+0.0111%4h4,325.8−0.101%$413.7M$2.18B100x
Aevo XAU-PERP+0.0112%1h4,325.7−0.103%$160K$8710xas long as short
edgeX XAUUSDC+0.0125%4h4,324.7−0.128%$30.1M$60.4M50xas long as short
Phoenix GOLD+0.0127%1h4,325.4−0.110%$47K$77K25xas long as short
Bullet GOLD-USD+0.0158%1h4,326.3−0.089%$58K$81K10xas long as short
Polymarket Perps GOLD-USD+0.0173%1h4,324.6−0.129%$4.2M$2.0M20xas long as short
HTX XAU-USDTlong+0.0235%4h4,330.2long leg$2.8M$5.0M75x
Kraken Futures PF_XAUUSD+0.0248%1h4,322.7−0.174%$589K$130K25xas long as short
Bitget XAUUSDT+0.0260%4h4,325.5−0.109%$67.9M$119.1M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0305%1h4,325.5−0.108%$195K$832K25xas long as short
OKX XAU-USDT-SWAP+0.0334%8h4,326.6−0.083%$170.4M$298.8M100xas long as short
BloFin XAU-USDT+0.0365%4h4,325.9−0.100%$16.1M$4.5M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0454% / S −0.0295%1h4,327−0.074%$250K111xas long as short
Phemex XAUUSDT+0.0472%4h4,327.7−0.057%$2.2M$962K100xas long as short