Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0574%/8h= +62.9% APRpaid last 24h +0.074%

Price spread now: HTX against tradeXYZ+0.162%7-day average +0.140% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$330.327% of the position

Long on tradeXYZ Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.035%−$3 · spread now +0.162%, 7d avg +0.140%

Together, before fees−0.035%+ Points / potential airdroptradeXYZ: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and HTX is 0.022% dearer against tradeXYZ than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.140%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.000% in total (about -0.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:GOLD	4,338.7	0.0050	pay 0.0006% / 1h	37m 45s	$293.5M	$49.2M	25x
Short	HTX XAU-USDT	4,345.7	0.0624	get 0.0312% / 4h	3h 37m	$2.8M	$4.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against tradeXYZ. 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 tradeXYZbpFee HTXbpOrdersPrice spread, now +0.162%Rate

Funding earned: $120.54
Price spread: +0.162% → +0.140%: $2.19
Slippage, 4 orders: −$2.67
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee HTX: 6 bp × 2 orders: −$12
Net: $90.06
Costs to cover: 0.327%
Break-even: 1.8 days

Slippage from tradeXYZ: live order book, 12 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 tradeXYZ live order book, 12 min ago	0.12 bp	9.1 bp −$9	9.5 bp −$95	11.2 bp −$1,117	doesn't fit
Sell HTX live order book, 1 min ago	0.01 bp	8.4 bp −$8	11.2 bp −$112	16.1 bp −$1,608	26.2 bp −$13.1K

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
SunX XAU-USDT	0.0000%	4h	4,345.2	+0.150%	$92K	$8.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,337.1	−0.037%	$271K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,340.1	+0.032%	$3.5M	$12.0M	25x	as long as short
Bluefin GOLD-PERP	+0.0009%	1h	4,335.4	−0.075%	$25K	$14K	20x	as long as short
Hotstuff GOLD-PERP	+0.0016%	1h	4,338.1	−0.014%	$33K	—	25x	as long as short
Gate XAU_USDT	+0.0026%	4h	4,343.5	+0.109%	$267.9M	$414.4M	100x	as long as short
Extended XAU-USD	+0.0032%	1h	4,337.6	−0.026%	$13.2M	$37.5M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.270%	$619	$54	52x	as long as short
Lighter RH XAU	+0.0040%	1h	4,343	+0.098%	$20.1M	$39.3M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,341.9	+0.074%	$3.8M	$4.5M	40x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit XAUUSDT	+0.0041%	4h	4,342.5	+0.087%	$80.3M	$151.8M	150x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,338.9	+0.005%	$5.7M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,373.5	+0.802%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,340.7	+0.047%	$20.8M	$34.5M	25x	as long as short
tradeXYZ xyz:GOLDlong	+0.0050%	1h	4,338.7	long leg	$293.5M	$49.2M	25x
Ondo Perps XAU-USD.P	+0.0050%	1h	4,337.3	−0.032%	$15.1M	$56.9M	25x	as long as short
Kalshi KXGOLDPERP	+0.0051%	24h	4,338.4	−0.007%	$4.3M	$37.4M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,338.5	−0.005%	$2.1M	$4.8M	25x	as long as short
Aster XAUUSD1	+0.0081%	4h	4,342.6	+0.091%	$71.4M	$332.3M	20x	as long as short
Paradex XAU-USD-PERP	+0.0085%	8h	4,341.7	+0.069%	$19K	$5K	5x	as long as short
Variational Omni XAU	+0.0087%	4h	4,340.5	+0.040%	$48.3M	$27.7M	—	as long as short
Pacifica XAU	+0.0100%	1h	4,338.1	−0.014%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,339.3	+0.013%	$274K	$203K	50x	as long as short
MEXC XAU_USDT	+0.0104%	4h	4,342.1	+0.079%	$370.2M	$319.3M	1000x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,340.2	+0.036%	$161K	$87	10x	as long as short
Binance XAUUSDT	+0.0107%	4h	4,342.1	+0.079%	$417.5M	$2.09B	100x	as long as short
edgeX XAUUSDC	+0.0118%	4h	4,336.3	−0.055%	$30.1M	$58.3M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,339.8	+0.025%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0174%	4h	4,341	+0.054%	$1.4M	$2.9M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0216%	1h	4,340.8	+0.048%	$4.3M	$1.9M	20x	as long as short
Bullet GOLD-USD	+0.0217%	1h	4,341.2	+0.057%	$59K	$82K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0234%	1h	4,339.6	+0.021%	$205K	$828K	25x	as long as short
Bitget XAUUSDT	+0.0248%	4h	4,342.3	+0.083%	$71.0M	$109.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,338.1	−0.014%	$592K	$132K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0319%	8h	4,342.8	+0.094%	$166.6M	$281.6M	100x	as long as short
Phemex XAUUSDT	+0.0337%	4h	4,344.5	+0.134%	$2.2M	$967K	100x	as long as short
BloFin XAU-USDT	+0.0372%	4h	4,341.7	+0.070%	$15.6M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0427% / S −0.0252%	1h	4,341.1	+0.056%	$250K	—	111x	as long as short
HTX XAU-USDTshort	+0.0624%	4h	4,345.7	+0.162%	$2.8M	$4.6M	75x