Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0269%/8h= +29.4% APRpaid last 24h +0.077%

Price spread now: BloFin against ApeX Omni+0.058%103s7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$470.468% of the position

Long on ApeX Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.316%+$32 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now +0.058%, 7d avg +0.049%

Together, before fees+0.340%+$34 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.049%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate. The two prices were read 103 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XAUUSDT	4,304	0.0100	pay 0.0013% / 1h	3m 26s	$269K	$214K	50x
Short	BloFin XAU-USDT	4,306.5	0.0369	get 0.0184% / 4h	3m 26s	$16.6M	$5.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against ApeX Omni. 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 ApeX OmnibpFee BloFinbpOrdersPrice spread, now +0.058%Rate

Funding earned: $56.47
Price spread: +0.058% → +0.049%: $0.96
Slippage, 4 orders: −$24.83
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $10.59
Costs to cover: 0.468%
Break-even: 5.7 days

Slippage from ApeX Omni: live order book, 34 min ago; BloFin: live order book, 5 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 ApeX Omni live order book, 34 min ago	5.20 bp	18.0 bp −$18	28.2 bp −$282	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	0.01 bp	6.4 bp −$6	6.4 bp −$64	8.6 bp −$855	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
SunX XAU-USDT	0.0000%	4h	4,310.6	+0.155%	$92K	$7.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,303	−0.022%	$268K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+1.080%	$619	$54	52x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,305.2	+0.029%	$6.6M	$3.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,338.8	+0.810%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,303.4	−0.013%	$289.7M	$52.9M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,303.6	−0.008%	$15.0M	$55.2M	25x	as long as short
Aster XAUUSD1	+0.0057%	4h	4,309	+0.118%	$72.8M	$271.9M	20x	as long as short
Paradex XAU-USD-PERP	+0.0062%	8h	4,306.1	+0.050%	$2K	$14K	5x	as long as short
Bybit XAUUSDT	+0.0071%	4h	4,307.5	+0.082%	$77.2M	$155.6M	150x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XAU	+0.0072%	1h	4,305.3	+0.031%	$20.2M	$30.2M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,303.4	−0.013%	$2.0M	$5.1M	25x	as long as short
Bluefin GOLD-PERP	+0.0082%	1h	4,302.1	−0.044%	$25K	$1K	20x	as long as short
Phoenix GOLD	+0.0096%	1h	4,305.5	+0.036%	$42K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,303	−0.022%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDTlong	+0.0100%	1h	4,304	long leg	$269K	$214K	50x
Kalshi KXGOLDPERP	+0.0100%	24h	4,308.3	+0.101%	$3.7M	$45.5M	15x	as long as short
Variational Omni XAU	+0.0101%	4h	4,306.5	+0.060%	$46.7M	$29.3M	—	as long as short
Lighter RH XAU	+0.0104%	1h	4,307.9	+0.091%	$19.9M	$40.3M	25x	as long as short
Extended XAU-USD	+0.0104%	1h	4,302.2	−0.040%	$13.1M	$36.7M	25x	as long as short
MEXC XAU_USDT	+0.0110%	4h	4,307.1	+0.074%	$365.6M	$342.8M	1000x	as long as short
Binance XAUUSDT	+0.0112%	4h	4,307.3	+0.078%	$429.0M	$2.16B	100x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,306.1	+0.049%	$159K	$87	10x	as long as short
GRVT XAU_USDT_Perp	+0.0114%	4h	4,308	+0.094%	$1.4M	$3.0M	25x	as long as short
Gate XAU_USDT	+0.0118%	4h	4,308.4	+0.104%	$287.6M	$432.5M	100x	as long as short
Hotstuff GOLD-PERP	+0.0120%	1h	4,303.9	−0.001%	$32K	—	25x	as long as short
edgeX XAUUSDC	+0.0130%	4h	4,304.2	+0.005%	$29.9M	$60.3M	50x	as long as short
StandX XAU-USD	+0.0161%	1h	4,309.9	+0.138%	$3.8M	$4.5M	40x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0192%	1h	4,305.2	+0.029%	$136K	$865K	25x	as long as short
Bitget XAUUSDT	+0.0192%	4h	4,307.1	+0.074%	$70.5M	$121.8M	100x	as long as short
Bullet GOLD-USD	+0.0199%	1h	4,307	+0.071%	$59K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0222%	1h	4,307.2	+0.076%	$4.3M	$1.8M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0229%	1h	4,304.1	+0.004%	$572K	$138K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0259%	8h	4,306	+0.048%	$173.3M	$311.4M	100x	as long as short
BloFin XAU-USDTshort	+0.0369%	4h	4,306.5	+0.058%	$16.6M	$5.0M	100x
GMX GOLD/USD [ETH-USDC]	L +0.0464% / S −0.0311%	1h	4,306.5	+0.060%	$253K	—	111x	as long as short
Phemex XAUUSDT	+0.0497%	4h	4,311.4	+0.172%	$2.2M	$951K	100x	as long as short
HTX XAU-USDT	+0.0545%	4h	4,312.6	+0.202%	$3.2M	$6.1M	75x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,307.4	+0.081%	$4.5M	$13.1M	25x	as long as short