Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0519%/8h= −56.8% APRpaid last 24h −0.011%

Price spread now: RISEx against HTX−0.106%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$260.264% of the position

Long on HTX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.036%+$4 on $10k

Price spread, last 3 days (all we have)+0.061%+$6 · spread now −0.106%, 7d avg −0.036%

Together, before fees+0.097%+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and RISEx is 0.070% cheaper against HTX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.036%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.036% in total (about 3.8% 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	4,380.6	0.0567	pay 0.0283% / 4h	3h 52m	$2.9M	$3.8M	75x
Short	RISEx XAU/USDC	4,375.9	0.0048	get 0.0006% / 1h	52m 40s	$3.4M	$12.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.106%Rate

Funding earned: −$108.98
Price spread: −0.106% → −0.036%: −$6.99
Slippage, 4 orders: −$8.4
Fee HTX: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$142.37
Costs to cover: 0.264%
Break-even: never at this rate

Slippage from HTX: live order book, 1 min ago; RISEx: live order book, 2 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, 1 min ago	0.01 bp	9.3 bp −$9	11.7 bp −$117	15.8 bp −$1,578	doesn't fit
Sell RISEx live order book, 2 min ago	0.42 bp	3.4 bp −$3	4.5 bp −$45	71.7 bp −$7,168	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	4,376.2	−0.101%	$72.0M	$212.6M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,375.8	−0.109%	$410.2M	$2.15B	100x	as long as short
Gate XAU_USDT	0.0000%	4h	4,376.8	−0.087%	$266.8M	$407.8M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,376	−0.105%	$374.5M	$320.8M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,376.1	−0.103%	$69.7M	$114.5M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,377.8	−0.064%	$48.7M	$28.0M	—	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,373.7	−0.157%	$4.0M	$36.5M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,381.2	+0.015%	$93K	$10.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,372.5	−0.185%	$268K	—	250x	as long as short
edgeX XAUUSDC	+0.0009%	4h	4,367.4	−0.301%	$30.4M	$59.6M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff GOLD-PERP	+0.0024%	1h	4,371.7	−0.203%	$33K	—	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.688%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,376.1	−0.102%	$3.8M	$4.7M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,375.6	−0.114%	$5.6M	$1.9M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,411.2	+0.699%	—	$1.0M	25x	as long as short
RISEx XAU/USDCshort	+0.0048%	1h	4,375.9	−0.106%	$3.4M	$12.3M	25x
tradeXYZ xyz:GOLD	+0.0050%	1h	4,372.8	−0.178%	$294.8M	$52.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,371.1	−0.216%	$14.7M	$57.1M	25x	as long as short
Phoenix GOLD	+0.0055%	1h	4,373.6	−0.159%	$48K	$64K	25x	as long as short
Paradex XAU-USD-PERP	+0.0067%	8h	4,376.2	−0.101%	$19K	$5K	5x	as long as short
Lighter XAU	+0.0072%	1h	4,374.9	−0.131%	$20.8M	$43.2M	25x	as long as short
Lighter RH XAU	+0.0072%	1h	4,377.8	−0.064%	$20.2M	$40.8M	25x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,374.4	−0.141%	$162K	$87	10x	as long as short
Bluefin GOLD-PERP	+0.0092%	1h	4,368.4	−0.278%	$26K	$22K	20x	as long as short
Extended XAU-USD	+0.0096%	1h	4,372	−0.196%	$13.3M	$44.2M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,374.1	−0.148%	$2.0M	$5.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,372.7	−0.180%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,375.3	−0.120%	$278K	$204K	50x	as long as short
Polymarket Perps GOLD-USD	+0.0103%	1h	4,376.2	−0.100%	$4.3M	$1.8M	20x	as long as short
Bybit XAUUSDT	+0.0119%	4h	4,376.7	−0.088%	$83.1M	$144.3M	150x	as long as short
Phemex XAUUSDT	+0.0126%	4h	4,377.1	−0.079%	$2.2M	$1.1M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0166%	8h	4,377.3	−0.075%	$161.0M	$280.6M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0184%	1h	4,375.1	−0.125%	$236K	$655K	25x	as long as short
Bullet GOLD-USD	+0.0194%	1h	4,376.5	−0.093%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0224%	1h	4,374	−0.151%	$596K	$154K	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,376.6	−0.090%	$14.8M	$4.6M	100x	as long as short
GRVT XAU_USDT_Perp	+0.0244%	4h	4,378.5	−0.048%	$1.4M	$3.1M	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0390% / S −0.0197%	1h	4,376.5	−0.093%	$253K	—	111x	as long as short
HTX XAU-USDTlong	+0.0567%	4h	4,380.6	long leg	$2.9M	$3.8M	75x