Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0170%/8h= +18.6% APRpaid last 24h +0.070%

Price spread now: HTX against StandX+0.077%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$290.294% of the position

Long on StandX Short on HTX

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)−0.023%−$2 · spread now +0.077%, 7d avg +0.041%

Together, before fees+0.020%+ Points / potential airdropStandX: Active · farm board+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and HTX is 0.036% dearer against StandX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX XAU-USD	4,322.8	0.0040	pay 0.0005% / 1h	53m 16s	$3.8M	$4.5M	40x
Short	HTX XAU-USDT	4,326.1	0.0210	get 0.0105% / 4h	1h 53m	$2.8M	$4.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against StandX. 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 StandXbpFee HTXbpOrdersPrice spread, now +0.077%Rate

Funding earned: $35.74
Price spread: +0.077% → +0.041%: $3.62
Slippage, 4 orders: −$9.42
Fee StandX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: $9.94
Costs to cover: 0.294%
Break-even: 5.1 days

Slippage from StandX: live order book, 1 min ago; HTX: live order book, 1 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 StandX live order book, 1 min ago	0.12 bp	4.1 bp −$4	4.8 bp −$48	8.0 bp −$796	9.9 bp −$4,947
Sell HTX live order book, 1 min ago	0.01 bp	6.6 bp −$7	10.2 bp −$102	14.0 bp −$1,395	23.3 bp −$11.6K

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	−0.0032%	1h	4,316.5	−0.146%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,327.4	+0.107%	$92K	$8.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,319.3	−0.081%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0009%	4h	4,324.2	+0.032%	$77.9M	$157.0M	150x	as long as short
Extended XAU-USD	+0.0032%	1h	4,319.4	−0.080%	$13.1M	$36.7M	25x	as long as short
Hotstuff GOLD-PERP	+0.0032%	1h	4,320	−0.065%	$32K	—	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.639%	$619	$54	52x	as long as short
StandX XAU-USDlong	+0.0040%	1h	4,322.8	long leg	$3.8M	$4.5M	40x
QFEX GOLD-USD	+0.0042%	1h	4,322.5	−0.007%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,355.3	+0.752%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	4,320.1	−0.062%	$291.4M	$51.6M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,318.2	−0.107%	$15.0M	$56.0M	25x	as long as short
Lighter XAU	+0.0056%	1h	4,322.6	−0.004%	$20.3M	$30.1M	25x	as long as short
Kalshi KXGOLDPERP	+0.0068%	24h	4,323.7	+0.021%	$3.9M	$42.9M	15x	as long as short
Paradex XAU-USD-PERP	+0.0071%	8h	4,322.7	−0.003%	$19K	$5K	5x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,319.8	−0.069%	$2.1M	$4.9M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0076%	4h	4,323.4	+0.014%	$1.4M	$3.0M	25x	as long as short
Gate XAU_USDT	+0.0078%	4h	4,325.1	+0.053%	$275.3M	$405.7M	100x	as long as short
Aster XAUUSD1	+0.0080%	4h	4,325.1	+0.052%	$72.3M	$316.2M	20x	as long as short
Variational Omni XAU	+0.0089%	4h	4,326.3	+0.081%	$47.1M	$29.2M	—	as long as short
MEXC XAU_USDT	+0.0096%	4h	4,323.3	+0.012%	$363.4M	$324.4M	1000x	as long as short
Binance XAUUSDT	+0.0099%	4h	4,323.5	+0.017%	$413.5M	$2.13B	100x	as long as short
Phoenix GOLD	+0.0100%	1h	4,324.8	+0.046%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,319	−0.088%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,322.3	−0.011%	$272K	$208K	50x	as long as short
Lighter RH XAU	+0.0104%	1h	4,325.1	+0.052%	$19.8M	$38.3M	25x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,322.6	−0.004%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0105%	4h	4,321.6	−0.028%	$30.1M	$60.6M	50x	as long as short
Kraken Futures PF_XAUUSD	+0.0153%	1h	4,320.3	−0.057%	$588K	$130K	25x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,324.2	+0.033%	$4.2M	$12.8M	25x	as long as short
Bullet GOLD-USD	+0.0199%	1h	4,323.5	+0.016%	$58K	$81K	10x	as long as short
HTX XAU-USDTshort	+0.0210%	4h	4,326.1	+0.077%	$2.8M	$4.9M	75x
Polymarket Perps GOLD-USD	+0.0212%	1h	4,323.2	+0.009%	$4.2M	$1.9M	20x	as long as short
Bitget XAUUSDT	+0.0236%	4h	4,324.1	+0.030%	$67.9M	$119.2M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0259%	1h	4,322.9	+0.002%	$193K	$830K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0317%	8h	4,324.2	+0.032%	$170.1M	$296.8M	100x	as long as short
BloFin XAU-USDT	+0.0339%	4h	4,323.3	+0.011%	$16.1M	$4.4M	100x	as long as short
Phemex XAUUSDT	+0.0407%	4h	4,327	+0.098%	$2.2M	$961K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0463% / S −0.0307%	1h	4,323.5	+0.016%	$252K	—	111x	as long as short