Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0156%/8h= +17.1% APRpaid last 24h +0.078%

Price spread now: BloFin against RISEx−0.057%7-day average −0.005% · 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−$24as in the Price arb table

costs, in and out, $10k−$190.187% of the position

Long on RISEx Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.256%+$26 on $10k

Price spread, last 4 days (all we have)+0.077%+$8 · spread now −0.057%, 7d avg −0.005%

Together, before fees+0.334%+$33 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.052% cheaper against RISEx than usual: you would sell low and buy high (spread −0.057% now, against its 7-day average of −0.005%). If the spread goes back, that is −$5 on $10k: about 27 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XAU/USDC	4,325.8	0.0184	pay 0.0023% / 1h	42m 04s	$4.2M	$12.8M	25x
Short	BloFin XAU-USDT	4,323.3	0.0341	get 0.0170% / 4h	1h 42m	$16.1M	$4.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against RISEx. 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 RISExbpFee BloFinbpOrdersPrice spread, now −0.057%Rate

Funding earned: $32.84
Price spread: −0.057% → −0.005%: −$5.2
Slippage, 4 orders: −$0.67
Fee RISEx: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: $8.97
Costs to cover: 0.187%
Break-even: 5.1 days

Slippage from RISEx: live order book, 2 min ago; BloFin: live order book, 7 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 RISEx live order book, 2 min ago	0.01 bp	3.4 bp −$3	4.5 bp −$45	33.3 bp −$3,331	doesn't fit
Sell BloFin live order book, 7 min ago	0.12 bp	6.1 bp −$6	6.2 bp −$62	7.8 bp −$778	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	−0.0121%	1h	4,317.3	−0.195%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,327.4	+0.038%	$92K	$7.9M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,320.5	−0.122%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0005%	4h	4,323.6	−0.049%	$77.3M	$156.1M	150x	as long as short
Extended XAU-USD	+0.0032%	1h	4,319.3	−0.150%	$13.2M	$36.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.570%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,325.9	+0.003%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,322	−0.087%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,356	+0.699%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,320	−0.133%	$291.5M	$51.7M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,319.3	−0.148%	$15.0M	$55.7M	25x	as long as short
Lighter XAU	+0.0056%	1h	4,323.2	−0.059%	$20.3M	$30.4M	25x	as long as short
Kalshi KXGOLDPERP	+0.0072%	24h	4,325.2	−0.013%	$3.8M	$43.4M	15x	as long as short
Hotstuff GOLD-PERP	+0.0072%	1h	4,320.2	−0.128%	$32K	—	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,322.2	−0.082%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0073%	8h	4,323.2	−0.058%	$19K	$5K	5x	as long as short
Aster XAUUSD1	+0.0076%	4h	4,325	−0.018%	$72.5M	$301.0M	20x	as long as short
GRVT XAU_USDT_Perp	+0.0084%	4h	4,319.7	−0.140%	$1.4M	$3.0M	25x	as long as short
Gate XAU_USDT	+0.0086%	4h	4,325.4	−0.008%	$282.3M	$413.2M	100x	as long as short
Variational Omni XAU	+0.0095%	4h	4,320.7	−0.116%	$47.3M	$29.2M	—	as long as short
Lighter RH XAU	+0.0096%	1h	4,325.7	−0.001%	$19.8M	$38.5M	25x	as long as short
Binance XAUUSDT	+0.0100%	4h	4,322.9	−0.067%	$415.6M	$2.14B	100x	as long as short
Phoenix GOLD	+0.0100%	1h	4,320.4	−0.124%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,319.5	−0.146%	$1.4M	$1.2M	10x	as long as short
MEXC XAU_USDT	+0.0100%	4h	4,323.7	−0.048%	$364.1M	$328.2M	1000x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,320.4	−0.125%	$272K	$208K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,323	−0.064%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0110%	4h	4,318.5	−0.169%	$30.0M	$61.4M	50x	as long as short
Kraken Futures PF_XAUUSD	+0.0153%	1h	4,320.6	−0.119%	$584K	$134K	25x	as long as short
Bullet GOLD-USD	+0.0184%	1h	4,323.7	−0.048%	$59K	$82K	10x	as long as short
RISEx XAU/USDClong	+0.0184%	1h	4,325.8	long leg	$4.2M	$12.8M	25x
Polymarket Perps GOLD-USD	+0.0210%	1h	4,323.4	−0.054%	$4.3M	$1.9M	20x	as long as short
HTX XAU-USDT	+0.0219%	4h	4,326.6	+0.019%	$2.8M	$4.9M	75x	as long as short
Bitget XAUUSDT	+0.0232%	4h	4,322.8	−0.067%	$68.0M	$119.1M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0259%	1h	4,323.1	−0.061%	$192K	$832K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0312%	8h	4,323.5	−0.052%	$170.5M	$297.6M	100x	as long as short
BloFin XAU-USDTshort	+0.0341%	4h	4,323.3	−0.057%	$16.1M	$4.6M	100x
Phemex XAUUSDT	+0.0380%	4h	4,325.8	+0.002%	$2.2M	$967K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0463% / S −0.0307%	1h	4,324	−0.041%	$252K	—	111x	as long as short