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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0437%/8h= −47.8% APRpaid last 24h +0.011%
Price spread now: Deribit against HTX−0.183%7-day average −0.164% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$270.274% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.709%+$71 on $10k
Price spread, last 4 days (all we have)+0.073%+$7 · spread now −0.183%, 7d avg −0.164%
Together, before fees+0.782%+$78 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.164%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.709%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX XAU-USDT4,353.80.0578pay 0.0289% / 4h1h 11m$2.9M$4.2M75x
ShortDeribit GOLD_USDC-PERPETUAL4,345.80.0141get 0.0018% / 1h11m 54s$254K$752K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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
−$91.67
Price spread: −0.183% → −0.164%
−$1.91
Slippage, 4 orders
−$8.36
Fee HTX: 6 bp × 2 orders
−$12
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$120.93
Costs to cover
0.274%
Break-even
never at this rate
Slippage from HTX: live order book, 2 min ago; Deribit: live order book, 52 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, 2 min ago0.01 bp7.7 bp −$88.5 bp −$8512.5 bp −$1,249doesn't fit
Sell Deribit live order book, 52 min ago0.12 bp3.6 bp −$44.2 bp −$42doesn'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
Gate XAU_USDT0.0000%4h4,348.5−0.121%$264.2M$415.7M100xas long as short
SunX XAU-USDT0.0000%4h4,353.4−0.009%$92K$9.2M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,344.5−0.214%$266K250xas long as short
RISEx XAU/USDC+0.0010%1h4,349−0.109%$3.4M$12.4M25xas long as short
Extended XAU-USD+0.0032%1h4,343.2−0.241%$13.5M$38.4M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.076%$619$5452xas long as short
Kalshi KXGOLDPERP+0.0040%24h4,347.2−0.150%$4.1M$37.1M15xas long as short
StandX XAU-USD+0.0040%1h4,350.6−0.072%$3.8M$4.6M40xas long as short
Aster XAUUSD1+0.0041%4h4,347.9−0.135%$70.6M$334.1M20xas long as short
Vest GC-PERP+0.0046%1h4,382.2+0.653%$1.0M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX GOLD-USD+0.0046%1h4,347.3−0.148%$5.7M$2.0M20xas long as short
Coinbase International GOLD-PERP-INTX+0.0048%1h4,345.6−0.187%$2.0M$4.9M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,344.5−0.212%$293.8M$49.0M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,345.2−0.197%$15.1M$56.8M25xas long as short
GRVT XAU_USDT_Perp+0.0054%4h4,352.8−0.022%$1.4M$3.0M25xas long as short
Variational Omni XAU+0.0055%4h4,351.4−0.054%$48.5M$27.9Mas long as short
Lighter XAU+0.0056%1h4,345.9−0.181%$20.6M$42.6M25xas long as short
Lighter RH XAU+0.0064%1h4,348.4−0.123%$20.1M$39.9M25xas long as short
MEXC XAU_USDT+0.0072%4h4,347.3−0.148%$372.1M$319.9M1000xas long as short
Binance XAUUSDT+0.0073%4h4,346.8−0.160%$410.1M$2.10B100xas long as short
Paradex XAU-USD-PERP+0.0078%8h4,349.1−0.106%$19K$5K5xas long as short
edgeX XAUUSDC+0.0079%4h4,349.3−0.102%$30.3M$58.6M50xas long as short
Hotstuff GOLD-PERP+0.0088%1h4,347.6−0.141%$33K25xas long as short
Aevo XAU-PERP+0.0096%1h4,347.1−0.153%$161K$8710xas long as short
Pacifica XAU+0.0100%1h4,346.4−0.169%$1.4M$1.1M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,351.1−0.062%$275K$203K50xas long as short
Polymarket Perps GOLD-USD+0.0116%1h4,347.6−0.141%$4.3M$1.9M20xas long as short
Phoenix GOLD+0.0136%1h4,350.4−0.077%$47K$77K25xas long as short
Deribit GOLD_USDC-PERPETUALshort+0.0141%1h4,345.8−0.183%$254K$752K25x
Bullet GOLD-USD+0.0193%1h4,348.7−0.117%$60K$83K10xas long as short
Phemex XAUUSDT+0.0201%4h4,350.6−0.072%$2.2M$1.1M100xas long as short
Bybit XAUUSDT+0.0201%4h4,348.6−0.119%$84.3M$145.3M150xas long as short
Bitget XAUUSDT+0.0214%4h4,347.4−0.147%$70.2M$109.5M100xas long as short
OKX XAU-USDT-SWAP+0.0256%8h4,348.7−0.116%$165.3M$283.0M100xas long as short
Kraken Futures PF_XAUUSD+0.0270%1h4,345.3−0.195%$593K$133K25xas long as short
BloFin XAU-USDT+0.0294%4h4,350.7−0.069%$15.6M$4.6M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0403% / S −0.0217%1h4,348.7−0.117%$248K111xas long as short
HTX XAU-USDTlong+0.0578%4h4,353.8long leg$2.9M$4.2M75x
Bluefin GOLD-PERP+0.0596%1h4,342.9−0.250%$25K$14K20xas long as short