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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0774%/8h= −84.8% APRnext payment $0.97 per $10,000 · paid last 24h +0.185%
Price spread now: Bluefin against RISEx−0.194%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Bluefin is 0.194% cheaper against RISEx than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx XAU/USDC4,326.50.0643pay 0.0080% / 1h47m 27s$4.4M$13.3M25x
ShortBluefin GOLD-PERP4,318.1−0.0132pay 0.0016% / 1h47m 27s$25K$1K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bluefin 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

Funding earned
−$162.62
Price spread: −0.194% → 0.000%
−$19.39
Slippage, 4 orders
no order book: not counted
Fee RISEx: 3 bp × 2 orders
−$6
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
−$195.01
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: RISEx: live order book, 2 min ago; Bluefin: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy RISEx live order book, 2 min ago0.01 bp5.3 bp −$56.3 bp −$6336.7 bp −$3,670doesn't fit
Sell Bluefin no order-book sample
Bluefin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bluefin GOLD-PERPshort−0.0132%1h4,318.1−0.194%$25K$1K20x
SunX XAU-USDT0.0000%4h4,330.2+0.084%$92K$7.4M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,322.5−0.093%$270K250xas long as short
Bybit XAUUSDT+0.0027%4h4,327.3+0.017%$77.0M$153.2M150xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.553%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,326.2−0.007%$3.8M$4.5M40xas long as short
QFEX GOLD-USD+0.0045%1h4,323.4−0.072%$5.4M$2.0M20xas long as short
Vest GC-PERP+0.0046%1h4,358+0.728%$1.0M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,322.2−0.100%$291.8M$51.6M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,321.4−0.119%$15.0M$55.7M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster XAUUSD1+0.0060%4h4,327.8+0.031%$72.9M$272.6M20xas long as short
Lighter XAU+0.0064%1h4,324.8−0.041%$20.3M$29.0M25xas long as short
Hotstuff GOLD-PERP+0.0064%1h4,321.1−0.125%$32K25xas long as short
Paradex XAU-USD-PERP+0.0069%8h4,324.7−0.042%$2K$14K5xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,323−0.081%$2.1M$4.8M25xas long as short
Kalshi KXGOLDPERP+0.0088%24h4,325.6−0.021%$3.8M$44.5M15xas long as short
Variational Omni XAU+0.0092%4h4,321−0.127%$47.3M$29.0Mas long as short
Phoenix GOLD+0.0096%1h4,319.3−0.167%$47K$79K25xas long as short
Gate XAU_USDT+0.0098%4h4,327.6+0.025%$279.7M$411.3M100xas long as short
MEXC XAU_USDT+0.0098%4h4,326.2−0.008%$364.9M$325.4M1000xas long as short
Binance XAUUSDT+0.0100%4h4,326.3−0.005%$425.7M$2.14B100xas long as short
Pacifica XAU+0.0100%1h4,321.6−0.113%$1.4M$1.2M10xas long as short
GRVT XAU_USDT_Perp+0.0100%4h4,323.9−0.060%$1.4M$3.0M25xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,319.8−0.154%$272K$208K50xas long as short
Aevo XAU-PERP+0.0104%1h4,324.5−0.047%$160K$8710xas long as short
edgeX XAUUSDC+0.0106%4h4,317.6−0.207%$30.0M$59.6M50xas long as short
Lighter RH XAU+0.0120%1h4,327.2+0.015%$20.0M$38.7M25xas long as short
Extended XAU-USD+0.0160%1h4,321.5−0.116%$13.1M$36.7M25xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0166%1h4,324.1−0.056%$163K$865K25xas long as short
Bitget XAUUSDT+0.0200%4h4,325.6−0.021%$70.3M$118.9M100xas long as short
Bullet GOLD-USD+0.0202%1h4,326.3−0.006%$59K$80K10xas long as short
Polymarket Perps GOLD-USD+0.0218%1h4,325.9−0.014%$4.3M$2.0M20xas long as short
Kraken Futures PF_XAUUSD+0.0228%1h4,322.4−0.094%$578K$136K25xas long as short
OKX XAU-USDT-SWAP+0.0286%8h4,326.4−0.003%$173.7M$300.9M100xas long as short
BloFin XAU-USDT+0.0340%4h4,323.1−0.080%$16.4M$4.6M100xas long as short
HTX XAU-USDT+0.0370%4h4,330.1+0.084%$3.2M$5.9M75xas long as short
Phemex XAUUSDT+0.0376%4h4,327+0.010%$2.2M$974K100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0462% / S −0.0307%1h4,326.3−0.004%$253K111xas long as short
RISEx XAU/USDClong+0.0643%1h4,326.5long leg$4.4M$13.3M25x