Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0236%/8h= +25.8% APRpaid last 24h +0.055%

Price spread now: HTX against Aevo+0.121%7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$440.442% of the position

Long on Aevo Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.054%−$5 on $10k

Price spread, last 4 days (all we have)−0.098%−$10 · spread now +0.121%, 7d avg +0.068%

Together, before fees−0.153%−$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and HTX is 0.053% dearer against Aevo than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.068%. Mind the row above: over the last 7 days funding on this pair cost −0.054%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.054% in total (about -2.8% 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	Aevo XAU-PERP	4,322.6	0.0104	pay 0.0013% / 1h	57m 29s	$160K	$87	10x
Short	HTX XAU-USDT	4,327.9	0.0340	get 0.0170% / 4h	57m 29s	$3.2M	$5.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.121%Rate

Funding earned: $49.52
Price spread: +0.121% → +0.068%: $5.31
Slippage, 4 orders: −$16.17
Fee Aevo: 8 bp × 2 orders: −$16
Fee HTX: 6 bp × 2 orders: −$12
Net: $10.65
Costs to cover: 0.442%
Break-even: 5.5 days

Slippage from Aevo: live order book, 46 min ago; HTX: live order book, 2 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, 46 min ago	5.71 bp	15.3 bp −$15	28.5 bp −$285	doesn't fit	doesn't fit
Sell HTX live order book, 2 min ago	0.01 bp	6.0 bp −$6	6.0 bp −$60	17.6 bp −$1,765	29.0 bp −$14.5K

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	−0.0202%	1h	4,317	−0.130%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,327.6	+0.115%	$92K	$7.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,320.2	−0.057%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0026%	4h	4,325.5	+0.066%	$76.9M	$153.9M	150x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.643%	$619	$54	52x	as long as short
Lighter XAU	+0.0040%	1h	4,321.9	−0.018%	$20.3M	$28.8M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,324.7	+0.048%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,322.7	+0.001%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,355.5	+0.760%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,319.5	−0.073%	$291.4M	$51.6M	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	−0.085%	$15.0M	$55.7M	25x	as long as short
Hotstuff GOLD-PERP	+0.0056%	1h	4,320.6	−0.047%	$32K	—	25x	as long as short
Aster XAUUSD1	+0.0060%	4h	4,325.3	+0.062%	$72.7M	$273.0M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,320.9	−0.040%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0073%	8h	4,322.6	−0.002%	$2K	$14K	5x	as long as short
Kalshi KXGOLDPERP	+0.0085%	24h	4,324.8	+0.050%	$3.8M	$44.3M	15x	as long as short
Lighter RH XAU	+0.0088%	1h	4,324.8	+0.050%	$20.0M	$38.5M	25x	as long as short
Variational Omni XAU	+0.0094%	4h	4,321.5	−0.027%	$47.2M	$29.1M	—	as long as short
GRVT XAU_USDT_Perp	+0.0098%	4h	4,321.8	−0.019%	$1.4M	$3.0M	25x	as long as short
Phoenix GOLD	+0.0100%	1h	4,319.5	−0.073%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,319.3	−0.077%	$1.4M	$1.2M	10x	as long as short
MEXC XAU_USDT	+0.0100%	4h	4,322.8	+0.004%	$365.1M	$324.4M	1000x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,318.8	−0.089%	$272K	$208K	50x	as long as short
Binance XAUUSDT	+0.0100%	4h	4,323.8	+0.026%	$424.6M	$2.14B	100x	as long as short
Gate XAU_USDT	+0.0102%	4h	4,324.4	+0.041%	$279.2M	$407.6M	100x	as long as short
Aevo XAU-PERPlong	+0.0104%	1h	4,322.6	long leg	$160K	$87	10x
edgeX XAUUSDC	+0.0110%	4h	4,319	−0.085%	$30.1M	$59.2M	50x	as long as short
Extended XAU-USD	+0.0136%	1h	4,319.1	−0.083%	$12.9M	$36.1M	25x	as long as short
Bullet GOLD-USD	+0.0166%	1h	4,323.3	+0.015%	$59K	$81K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0167%	1h	4,322.3	−0.008%	$163K	$872K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0192%	1h	4,322.7	+0.001%	$4.3M	$2.0M	20x	as long as short
Bitget XAUUSDT	+0.0206%	4h	4,322.6	0.000%	$67.6M	$117.9M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0228%	1h	4,320.5	−0.049%	$577K	$136K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0293%	8h	4,323.3	+0.015%	$173.3M	$300.7M	100x	as long as short
HTX XAU-USDTshort	+0.0340%	4h	4,327.9	+0.121%	$3.2M	$5.8M	75x
BloFin XAU-USDT	+0.0340%	4h	4,322.8	+0.004%	$16.3M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0363%	4h	4,325.9	+0.076%	$2.2M	$975K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,323.6	+0.023%	$252K	—	111x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,325.6	+0.069%	$4.1M	$12.8M	25x	as long as short