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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0793%/8h= +86.9% APRpaid last 24h +0.049%
Price spread now: HTX against OKX+0.076%7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as 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 7 days−0.009%−$1 on $10k
Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.076%, 7d avg +0.039%
Together, before fees−0.037%−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and HTX is 0.037% dearer against OKX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.039%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.009% in total (about -0.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX XAU-USDT-SWAP4,321.20.0224pay 0.0224% / 8h4h 44m$171.2M$365.5M100x
ShortHTX XAU-USDT4,324.50.1017get 0.0509% / 4h44m 33s$3.2M$7.1M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against OKX. 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
$166.63
Price spread: +0.076% → +0.039%
$3.74
Slippage, 4 orders
−$5.41
Fee OKX: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
$142.96
Costs to cover
0.274%
Break-even
1.0 days
Slippage from OKX: live order book, 3 min ago; HTX: live order book, 3 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 OKX live order book, 3 min ago0.12 bp5.1 bp −$55.2 bp −$527.1 bp −$71316.9 bp −$8,426
Sell HTX live order book, 3 min ago0.01 bp8.7 bp −$911.1 bp −$11119.8 bp −$1,98029.1 bp −$14.6K

XAU on 39 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International GOLD-PERP-INTX−0.0032%1h4,311.2−0.231%$2.1M$5.1M25xas long as short
SunX XAU-USDT0.0000%4h4,322.4+0.027%$92K$5.6M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0002%1h4,314.8−0.147%$307K250xas long as short
Hotstuff GOLD-PERP+0.0024%1h4,319.6−0.037%$35K$3K25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.676%$619$5452xas long as short
Aster XAUUSD1+0.0038%4h4,321.20.000%$71.1M$277.6M20xas long as short
StandX XAU-USD+0.0040%1h4,318.1−0.072%$3.8M$4.6M40xas long as short
QFEX GOLD-USD+0.0042%1h4,318.1−0.072%$6.6M$3.3M20xas long as short
Vest GC-PERP+0.0046%1h4,352.4+0.722%$1.0M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,316.1−0.119%$15.2M$59.2M25xas long as short
Show all 39 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex XAU-USD-PERP+0.0057%8h4,318.8−0.056%$2K$13K5xas long as short
tradeXYZ xyz:GOLD+0.0058%1h4,316.5−0.109%$291.7M$46.1M25xas long as short
RISEx XAU/USDC+0.0062%1h4,319.8−0.032%$4.7M$13.4M25xas long as short
Variational Omni XAU+0.0067%4h4,315.6−0.129%$47.1M$27.9Mas long as short
Lighter XAU+0.0072%1h4,318.8−0.057%$20.0M$30.4M25xas long as short
MEXC XAU_USDT+0.0078%4h4,319.8−0.033%$350.0M$354.0M1000xas long as short
Binance XAUUSDT+0.0080%4h4,320.1−0.025%$443.2M$2.45B100xas long as short
Gate XAU_USDT+0.0084%4h4,322.2+0.022%$303.9M$436.8M100xas long as short
GRVT XAU_USDT_Perp+0.0090%4h4,316.4−0.112%$1.4M$3.1M25xas long as short
edgeX XAUUSDC+0.0098%4h4,313−0.190%$30.1M$67.0M50xas long as short
Pacifica XAU+0.0100%1h4,316.2−0.116%$1.4M$1.5M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,312.3−0.206%$286K$228K50xas long as short
Bluefin GOLD-PERP+0.0100%1h4,312−0.212%$25K$1K20xas long as short
Aevo XAU-PERP+0.0104%1h4,315.3−0.136%$160K$8710xas long as short
Phoenix GOLD+0.0124%1h4,315.8−0.125%$43K$71K25xas long as short
Lighter RH XAU+0.0136%1h4,321.1−0.003%$19.5M$39.4M25xas long as short
Kalshi KXGOLDPERP+0.0147%24h4,318.1−0.072%$3.5M$52.1M15xas long as short
Bybit XAUUSDT+0.0166%4h4,321.7+0.010%$84.5M$169.2M150xas long as short
Kraken Futures PF_XAUUSD+0.0198%1h4,315.7−0.127%$581K$166K25xas long as short
Bitget XAUUSDT+0.0202%4h4,320.1−0.026%$73.1M$141.9M100xas long as short
Phemex XAUUSDT+0.0210%4h4,319.7−0.035%$2.2M$733K100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0213%1h4,317.3−0.090%$135K$661K25xas long as short
Extended XAU-USD+0.0216%1h4,315.5−0.132%$12.6M$34.4M25xas long as short
Bullet GOLD-USD+0.0220%1h4,318.7−0.058%$59K$77K10xas long as short
Polymarket Perps GOLD-USD+0.0220%1h4,319.7−0.035%$4.3M$1.7M20xas long as short
OKX XAU-USDT-SWAPlong+0.0224%8h4,321.2long leg$171.2M$365.5M100x
BloFin XAU-USDT+0.0319%4h4,319.2−0.047%$16.5M$5.3M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0424% / S −0.0257%1h4,318.9−0.053%$251K111xas long as short
HTX XAU-USDTshort+0.1017%4h4,324.5+0.076%$3.2M$7.1M75x