Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0009%/8h= −1.0% APRpaid last 24h +0.213%

Price spread now: Bluefin against HTX−0.246%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Bluefin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bluefin is 0.246% cheaper against HTX than usual: you would sell low and buy high, −$25 on $10k if it 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	HTX XAU-USDT	4,368.1	0.0109	pay 0.0055% / 4h	1h 05m	$2.8M	$3.8M	75x
Short	Bluefin GOLD-PERP	4,357.4	0.0100	get 0.0013% / 1h	5m 53s	$26K	$21K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bluefin 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 BluefinbpOrdersPrice spread, now −0.246%Rate

Funding earned: −$1.91
Price spread: −0.246% → 0.000%: −$24.61
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Bluefin: 3.5 bp × 2 orders: −$7
Net: −$45.52
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 3 min ago; Bluefin: no order-book sample. 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 HTX live order book, 3 min ago	0.01 bp	10.2 bp −$10	13.5 bp −$135	17.4 bp −$1,738	doesn't fit
Sell Bluefin no order-book sample	—	—	—	—	—

Bluefin: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_XAUUSD	−0.0174%	1h	4,362.4	−0.132%	$602K	$139K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,365.7	−0.057%	$71.5M	$233.7M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,365	−0.073%	$409.7M	$2.09B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,365.9	−0.052%	$82.9M	$141.7M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,364.9	−0.075%	$3.4M	$12.4M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,366	−0.049%	$269.5M	$412.0M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,364.9	−0.074%	$376.7M	$354.4M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,364.9	−0.075%	$67.4M	$110.1M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,360.3	−0.180%	$48.5M	$31.3M	—	as long as short
GRVT XAU_USDT_Perp	0.0000%	4h	4,362.8	−0.123%	$1.4M	$3.1M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXGOLDPERP	0.0000%	24h	4,362.8	−0.122%	$4.0M	$34.6M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,369.1	+0.023%	$93K	$10.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,362	−0.140%	$268K	—	250x	as long as short
QFEX GOLD-USD	+0.0002%	1h	4,363.4	−0.109%	$5.6M	$1.7M	20x	as long as short
edgeX XAUUSDC	+0.0018%	4h	4,355.3	−0.295%	$30.3M	$57.9M	50x	as long as short
tradeXYZ xyz:GOLD	+0.0018%	1h	4,360.5	−0.175%	$293.4M	$52.7M	25x	as long as short
Hotstuff GOLD-PERP	+0.0024%	1h	4,360.3	−0.179%	$33K	—	25x	as long as short
Lighter XAU	+0.0032%	1h	4,364.5	−0.084%	$20.9M	$44.7M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,367	−0.026%	$20.3M	$42.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,362.1	−0.139%	$13.1M	$46.3M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.406%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,363.6	−0.104%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,399.7	+0.723%	—	$1.0M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,363	−0.118%	$4.3M	$1.7M	20x	as long as short
Paradex XAU-USD-PERP	+0.0050%	8h	4,364.7	−0.079%	$19K	$6K	5x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,361.1	−0.161%	$14.4M	$55.6M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0071%	1h	4,363.9	−0.097%	$235K	$734K	25x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,364.1	−0.093%	$162K	$87	10x	as long as short
Bullet GOLD-USD	+0.0099%	1h	4,365.2	−0.067%	$60K	$85K	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,362	−0.141%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,360.4	−0.177%	$274K	$199K	50x	as long as short
Bluefin GOLD-PERPshort	+0.0100%	1h	4,357.4	−0.246%	$26K	$21K	20x
Phoenix GOLD	+0.0109%	1h	4,357.5	−0.244%	$48K	$65K	25x	as long as short
HTX XAU-USDTlong	+0.0109%	4h	4,368.1	long leg	$2.8M	$3.8M	75x
OKX XAU-USDT-SWAP	+0.0158%	8h	4,366.3	−0.042%	$158.3M	$269.9M	100x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0208%	1h	4,360.9	−0.166%	$2.0M	$5.1M	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,364.6	−0.081%	$14.8M	$4.3M	100x	as long as short
Phemex XAUUSDT	+0.0274%	4h	4,365	−0.071%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,365	−0.072%	$252K	—	111x	as long as short