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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0583%/8h= −63.9% APRpaid last 24h −0.039%
Price spread now: StandX against HTX−0.107%45s7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$330.326% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.044%−$4 on $10k
Price spread, last 4 days (all we have)+0.028%+$3 · spread now −0.107%, 7d avg −0.040%
Together, before fees−0.016%+ Points / potential airdropStandX: Active · farm board−$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and StandX is 0.067% cheaper against HTX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.040%). Swap the legs. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.044% in total (about -2.3% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX XAU-USDT4,354.60.0623pay 0.0312% / 4h17m 37s$2.9M$4.3M75x
ShortStandX XAU-USD4,349.90.0040get 0.0005% / 1h17m 37s$3.8M$4.5M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX 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
−$122.48
Price spread: −0.107% → −0.040%
−$6.72
Slippage, 4 orders
−$12.56
Fee HTX: 6 bp × 2 orders
−$12
Fee StandX: 4 bp × 2 orders
−$8
Net
−$161.76
Costs to cover
0.326%
Break-even
never at this rate
Slippage from HTX: live order book, 1 min ago; StandX: live order book, 1 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, 1 min ago0.01 bp9.0 bp −$910.1 bp −$10115.6 bp −$1,560doesn't fit
Sell StandX live order book, 1 min ago2.07 bp9.1 bp −$99.4 bp −$9412.2 bp −$1,22014.2 bp −$7,091

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
RISEx XAU/USDC0.0000%1h4,349.2−0.124%$3.4M$12.2M25xas long as short
Gate XAU_USDT0.0000%4h4,350.4−0.095%$265.1M$415.9M100xas long as short
SunX XAU-USDT0.0000%4h4,353.4−0.026%$93K$8.9M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,345.1−0.217%$272K250xas long as short
Hotstuff GOLD-PERP+0.0008%1h4,346.5−0.185%$33K25xas long as short
Lighter XAU+0.0032%1h4,348.1−0.149%$20.8M$38.2M25xas long as short
Extended XAU-USD+0.0032%1h4,345.6−0.206%$13.2M$38.3M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.095%$619$5452xas long as short
Lighter RH XAU+0.0040%1h4,350.3−0.098%$20.1M$39.3M25xas long as short
StandX XAU-USDshort+0.0040%1h4,349.9−0.107%$3.8M$4.5M40x
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX GOLD-USD+0.0041%1h4,348.7−0.135%$5.7M$2.0M20xas long as short
Vest GC-PERP+0.0046%1h4,382.5+0.642%$1.0M25xas long as short
Kalshi KXGOLDPERP+0.0047%24h4,348.1−0.148%$4.2M$37.3M15xas long as short
Coinbase International GOLD-PERP-INTX+0.0048%1h4,346.5−0.185%$2.0M$4.8M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,346.8−0.178%$293.9M$48.8M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,345.7−0.203%$15.1M$56.8M25xas long as short
Aster XAUUSD1+0.0060%4h4,350.1−0.103%$71.2M$333.1M20xas long as short
Variational Omni XAU+0.0077%4h4,349.2−0.122%$48.5M$28.0Mas long as short
Paradex XAU-USD-PERP+0.0080%8h4,349−0.127%$19K$5K5xas long as short
GRVT XAU_USDT_Perp+0.0088%4h4,351.1−0.079%$1.4M$2.9M25xas long as short
Binance XAUUSDT+0.0089%4h4,349.4−0.118%$413.4M$2.09B100xas long as short
MEXC XAU_USDT+0.0090%4h4,349.7−0.112%$372.1M$318.7M1000xas long as short
Pacifica XAU+0.0100%1h4,346−0.197%$1.4M$1.1M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,348.9−0.131%$275K$203K50xas long as short
Bluefin GOLD-PERP+0.0100%1h4,344.3−0.235%$25K$14K20xas long as short
Aevo XAU-PERP+0.0104%1h4,348.8−0.133%$161K$8710xas long as short
edgeX XAUUSDC+0.0105%4h4,346.9−0.176%$30.3M$58.2M50xas long as short
Phoenix GOLD+0.0142%1h4,349−0.128%$47K$77K25xas long as short
Polymarket Perps GOLD-USD+0.0157%1h4,349.2−0.123%$4.3M$2.0M20xas long as short
Bullet GOLD-USD+0.0186%1h4,349.3−0.121%$59K$82K10xas long as short
Kraken Futures PF_XAUUSD+0.0194%1h4,346.3−0.190%$593K$132K25xas long as short
Phemex XAUUSDT+0.0215%4h4,352.2−0.055%$2.2M$967K100xas long as short
Bitget XAUUSDT+0.0232%4h4,349.8−0.109%$70.1M$109.3M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0233%1h4,347.7−0.158%$206K$823K25xas long as short
Bybit XAUUSDT+0.0240%4h4,350.8−0.087%$85.3M$145.1M150xas long as short
OKX XAU-USDT-SWAP+0.0294%8h4,350.7−0.089%$165.5M$282.5M100xas long as short
BloFin XAU-USDT+0.0331%4h4,351.1−0.080%$15.6M$4.5M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0417% / S −0.0236%1h4,349.3−0.121%$248K111xas long as short
HTX XAU-USDTlong+0.0623%4h4,354.6long leg$2.9M$4.3M75x