Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0159%/8h= +17.4% APRpaid last 24h +0.079%

Price spread now: BloFin against Aevo+0.053%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$430.428% of the position

Long on Aevo Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.310%+$31 on $10k

Price spread, last 3 days (all we have)−0.041%−$4 · spread now +0.053%, 7d avg +0.022%

Together, before fees+0.269%+$27 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 BloFin is 0.031% dearer against Aevo than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo XAU-PERP	4,360.4	0.0096	pay 0.0012% / 1h	56m 35s	$161K	$87	10x
Short	BloFin XAU-USDT	4,362.8	0.0255	get 0.0128% / 4h	2h 56m	$15.4M	$4.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Aevo. 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 AevobpFee BloFinbpOrdersPrice spread, now +0.053%Rate

Funding earned: $33.43
Price spread: +0.053% → +0.022%: $3.13
Slippage, 4 orders: −$14.82
Fee Aevo: 8 bp × 2 orders: −$16
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$6.26
Costs to cover: 0.428%
Break-even: 8.3 days

Slippage from Aevo: live order book, 12 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 Aevo live order book, 12 min ago	6.00 bp	15.2 bp −$15	26.7 bp −$267	doesn't fit	doesn't fit
Sell BloFin live order book, 7 min ago	0.01 bp	6.0 bp −$6	6.2 bp −$62	7.4 bp −$739	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	−0.0350%	1h	4,353.5	−0.158%	$26K	$22K	20x	as long as short
Aster XAUUSD1	0.0000%	4h	4,364.1	+0.084%	$68.5M	$251.1M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,364.9	+0.102%	$264.0M	$401.1M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,358.5	−0.044%	$4.1M	$36.5M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,365.8	+0.124%	$93K	$10.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,357.3	−0.071%	$269K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0016%	1h	4,357.3	−0.072%	$33K	—	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,360.3	−0.004%	$13.5M	$43.4M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.229%	$619	$54	52x	as long as short
Variational Omni XAU	+0.0040%	4h	4,362	+0.036%	$48.4M	$28.5M	—	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAU-USD	+0.0040%	1h	4,365	+0.105%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,395.2	+0.798%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,362.4	+0.045%	$20.6M	$43.2M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,359.7	−0.017%	$294.2M	$51.8M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,360.2	−0.005%	$4.3M	$1.8M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,360.6	+0.005%	$14.9M	$57.3M	25x	as long as short
QFEX GOLD-USD	+0.0051%	1h	4,363.8	+0.077%	$5.6M	$1.9M	20x	as long as short
Phoenix GOLD	+0.0055%	1h	4,358.9	−0.035%	$48K	$64K	25x	as long as short
Lighter RH XAU	+0.0056%	1h	4,364.8	+0.101%	$20.2M	$40.6M	25x	as long as short
MEXC XAU_USDT	+0.0062%	4h	4,364.4	+0.092%	$374.4M	$318.9M	1000x	as long as short
edgeX XAUUSDC	+0.0062%	4h	4,356.3	−0.094%	$30.3M	$60.0M	50x	as long as short
Binance XAUUSDT	+0.0064%	4h	4,364.3	+0.090%	$411.8M	$2.12B	100x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,356.9	−0.081%	$2.0M	$5.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0088%	8h	4,363.2	+0.064%	$19K	$5K	5x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0094%	1h	4,358.7	−0.040%	$235K	$659K	25x	as long as short
Aevo XAU-PERPlong	+0.0096%	1h	4,360.4	long leg	$161K	$87	10x
Pacifica XAU	+0.0100%	1h	4,360.6	+0.004%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,358.5	−0.044%	$275K	$204K	50x	as long as short
Bitget XAUUSDT	+0.0116%	4h	4,365	+0.105%	$69.5M	$111.1M	100x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,363.8	+0.078%	$3.4M	$12.4M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0154%	4h	4,362.8	+0.054%	$1.4M	$3.1M	25x	as long as short
Bullet GOLD-USD	+0.0179%	1h	4,361.4	+0.022%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0203%	4h	4,365.3	+0.111%	$83.6M	$144.8M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0217%	8h	4,365.8	+0.123%	$164.2M	$286.5M	100x	as long as short
BloFin XAU-USDTshort	+0.0255%	4h	4,362.8	+0.053%	$15.4M	$4.6M	100x
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,358.2	−0.050%	$594K	$141K	25x	as long as short
Phemex XAUUSDT	+0.0317%	4h	4,365.3	+0.111%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0394% / S −0.0199%	1h	4,361.6	+0.027%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.0549%	4h	4,365.9	+0.126%	$2.9M	$3.9M	75x	as long as short