Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.033%

Price spread now: tradeXYZ against HTX−0.144%7-day average −0.137% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$360.356% of the position

Long on HTX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 3 days (all we have)+0.026%+$3 · spread now −0.144%, 7d avg −0.137%

Together, before fees−0.006%+ Points / potential airdroptradeXYZ: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.137%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAU-USDT	4,367.2	0.0146	pay 0.0073% / 4h	36m 35s	$2.8M	$3.8M	75x
Short	tradeXYZ xyz:GOLD	4,360.9	0.0050	get 0.0006% / 1h	36m 35s	$293.6M	$52.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.144%Rate

Funding earned: −$20.09
Price spread: −0.144% → −0.137%: −$0.76
Slippage, 4 orders: −$5.65
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$56.49
Costs to cover: 0.356%
Break-even: never at this rate

Slippage from HTX: live order book, 2 min ago; tradeXYZ: live order book, 4 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, 2 min ago	0.01 bp	10.0 bp −$10	12.9 bp −$129	16.5 bp −$1,648	doesn't fit
Sell tradeXYZ live order book, 4 min ago	0.12 bp	9.1 bp −$9	9.1 bp −$91	10.9 bp −$1,086	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
Bluefin GOLD-PERP	−0.0228%	1h	4,359.1	−0.186%	$26K	$21K	20x	as long as short
Phoenix GOLD	−0.0004%	1h	4,363.3	−0.090%	$48K	$65K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,365.1	−0.049%	$71.6M	$227.3M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,364.2	−0.070%	$407.2M	$2.11B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,364.7	−0.057%	$82.7M	$141.3M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,364.9	−0.053%	$3.4M	$12.4M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,365.8	−0.033%	$267.9M	$409.2M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,365	−0.050%	$376.7M	$321.9M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,364.4	−0.065%	$66.9M	$111.2M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,365.9	−0.030%	$48.5M	$30.6M	—	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XAU_USDT_Perp	0.0000%	4h	4,366.2	−0.024%	$1.4M	$3.1M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,362	−0.119%	$4.0M	$35.4M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,369.6	+0.054%	$93K	$10.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,361.7	−0.126%	$268K	—	250x	as long as short
edgeX XAUUSDC	+0.0008%	4h	4,359.8	−0.169%	$30.3M	$58.4M	50x	as long as short
QFEX GOLD-USD	+0.0032%	1h	4,364.8	−0.055%	$5.6M	$1.7M	20x	as long as short
Lighter XAU	+0.0032%	1h	4,364.4	−0.065%	$20.8M	$44.5M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,366.7	−0.012%	$20.2M	$41.7M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,361.8	−0.125%	$13.0M	$46.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.384%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,363.8	−0.078%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,398.5	+0.716%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLDshort	+0.0050%	1h	4,360.9	−0.144%	$293.6M	$52.1M	25x
Ondo Perps XAU-USD.P	+0.0050%	1h	4,361.8	−0.125%	$14.5M	$56.1M	25x	as long as short
Paradex XAU-USD-PERP	+0.0051%	8h	4,365	−0.052%	$19K	$6K	5x	as long as short
Bullet GOLD-USD	+0.0061%	1h	4,365	−0.051%	$59K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0080%	1h	4,363.6	−0.083%	$4.3M	$1.8M	20x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,363.9	−0.076%	$162K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,361.7	−0.127%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,361.3	−0.136%	$277K	$204K	50x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0117%	1h	4,363.8	−0.078%	$235K	$735K	25x	as long as short
HTX XAU-USDTlong	+0.0146%	4h	4,367.2	long leg	$2.8M	$3.8M	75x
Coinbase International GOLD-PERP-INTX	+0.0152%	1h	4,360.3	−0.158%	$2.0M	$5.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0155%	8h	4,364.9	−0.053%	$158.0M	$271.6M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0220%	1h	4,362.3	−0.113%	$602K	$138K	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,364.9	−0.053%	$14.8M	$4.4M	100x	as long as short
Hotstuff GOLD-PERP	+0.0248%	1h	4,361.4	−0.133%	$33K	—	25x	as long as short
Phemex XAUUSDT	+0.0320%	4h	4,368.5	+0.030%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,364.9	−0.052%	$252K	—	111x	as long as short