Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0468%/8h= +51.2% APRpaid last 24h +0.029%

Price spread now: HTX against ApeX Omni+0.199%7-day average +0.092% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$520.521% of the position

Long on ApeX Omni Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 4 days (all we have)+0.057%+$6 · spread now +0.199%, 7d avg +0.092%

Together, before fees+0.011%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and HTX is 0.107% dearer against ApeX Omni than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.092%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.046% in total (about -2.4% 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	ApeX Omni XAUUSDT	4,354.7	0.0100	pay 0.0013% / 1h	23m 06s	$275K	$203K	50x
Short	HTX XAU-USDT	4,363.4	0.0568	get 0.0284% / 4h	1h 23m	$2.9M	$4.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.199%Rate

Funding earned: $98.23
Price spread: +0.199% → +0.092%: $10.69
Slippage, 4 orders: −$30.08
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: $56.84
Costs to cover: 0.521%
Break-even: 2.9 days

Slippage from ApeX Omni: live order book, 39 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 ApeX Omni live order book, 39 min ago	4.79 bp	16.0 bp −$16	24.9 bp −$249	34.3 bp −$3,426	doesn't fit
Sell HTX live order book, 1 min ago	0.01 bp	9.2 bp −$9	12.8 bp −$128	19.2 bp −$1,917	28.5 bp −$14.2K

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	4,362.3	+0.173%	$93K	$9.2M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,354.6	−0.004%	$267K	—	250x	as long as short
Gate XAU_USDT	+0.0006%	4h	4,359.9	+0.118%	$264.7M	$413.3M	100x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,357.4	+0.061%	$3.4M	$12.4M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,354.3	−0.010%	$13.6M	$38.9M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.099%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0039%	24h	4,355.3	+0.013%	$4.1M	$37.0M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,359.3	+0.105%	$3.8M	$4.6M	40x	as long as short
Aster XAUUSD1	+0.0043%	4h	4,358.4	+0.084%	$70.6M	$333.9M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,391.3	+0.840%	—	$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
QFEX GOLD-USD	+0.0046%	1h	4,357	+0.052%	$5.6M	$1.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,355.7	+0.023%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,355.5	+0.018%	$294.2M	$48.7M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,353.8	−0.022%	$15.1M	$57.2M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0054%	4h	4,357.1	+0.054%	$1.4M	$3.0M	25x	as long as short
Lighter XAU	+0.0056%	1h	4,357.6	+0.067%	$20.7M	$42.3M	25x	as long as short
Variational Omni XAU	+0.0057%	4h	4,355.6	+0.021%	$48.3M	$27.9M	—	as long as short
Lighter RH XAU	+0.0064%	1h	4,359.8	+0.117%	$20.2M	$39.7M	25x	as long as short
MEXC XAU_USDT	+0.0072%	4h	4,358.6	+0.090%	$373.6M	$319.2M	1000x	as long as short
Binance XAUUSDT	+0.0073%	4h	4,358.5	+0.087%	$412.1M	$2.10B	100x	as long as short
Paradex XAU-USD-PERP	+0.0080%	8h	4,357.8	+0.071%	$19K	$5K	5x	as long as short
edgeX XAUUSDC	+0.0090%	4h	4,351.8	−0.068%	$30.3M	$58.4M	50x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,357.1	+0.055%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,354.4	−0.007%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDTlong	+0.0100%	1h	4,354.7	long leg	$275K	$203K	50x
Hotstuff GOLD-PERP	+0.0104%	1h	4,354.5	−0.005%	$33K	—	25x	as long as short
Phemex XAUUSDT	+0.0123%	4h	4,358.8	+0.093%	$2.2M	$1.1M	100x	as long as short
Polymarket Perps GOLD-USD	+0.0123%	1h	4,357	+0.052%	$4.3M	$1.9M	20x	as long as short
Phoenix GOLD	+0.0136%	1h	4,356.1	+0.032%	$48K	$77K	25x	as long as short
Bybit XAUUSDT	+0.0199%	4h	4,360	+0.122%	$84.5M	$145.4M	150x	as long as short
Bullet GOLD-USD	+0.0199%	1h	4,358	+0.075%	$60K	$83K	10x	as long as short
Bitget XAUUSDT	+0.0212%	4h	4,359.2	+0.102%	$70.3M	$109.4M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0253%	8h	4,359.8	+0.117%	$165.3M	$282.9M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0255%	1h	4,357.3	+0.059%	$278K	$727K	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,354.8	+0.002%	$594K	$133K	25x	as long as short
BloFin XAU-USDT	+0.0292%	4h	4,358.7	+0.090%	$15.6M	$4.6M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0401% / S −0.0214%	1h	4,358.4	+0.084%	$249K	—	111x	as long as short
Bluefin GOLD-PERP	+0.0419%	1h	4,351.8	−0.067%	$25K	$14K	20x	as long as short
HTX XAU-USDTshort	+0.0568%	4h	4,363.4	+0.199%	$2.9M	$4.2M	75x