Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0139%/8h= −15.2% APRpaid last 24h −0.020%

Price spread now: Hotstuff against Binance−0.118%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Hotstuff is 0.118% cheaper against Binance than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XAUUSDT	4,321.7	0.0099	pay 0.0049% / 4h	51m 36s	$425.3M	$2.14B	100x
Short	Hotstuff GOLD-PERP	4,316.6	−0.0040	pay 0.0005% / 1h	51m 36s	$32K	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Binance. 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 BinancebpFee HotstuffbpOrdersPrice spread, now −0.118%Rate

Funding earned: −$29.19
Price spread: −0.118% → 0.000%: −$11.82
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$56.01
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 7 min ago; Hotstuff: no order-book sample. Net counts fees only.

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 Binance live order book, 7 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	6.6 bp −$657	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Hotstuff GOLD-PERPshort	−0.0040%	1h	4,316.6	−0.118%	$32K	—	25x
Bluefin GOLD-PERP	−0.0003%	1h	4,314.8	−0.160%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,325.8	+0.095%	$92K	$7.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,317.3	−0.103%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0027%	4h	4,322.9	+0.028%	$76.9M	$153.2M	150x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.664%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,323.2	+0.035%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,321.6	−0.002%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,353.1	+0.726%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,318.5	−0.074%	$291.6M	$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	4,317.8	−0.090%	$15.0M	$55.6M	25x	as long as short
Aster XAUUSD1	+0.0059%	4h	4,323.4	+0.040%	$72.7M	$272.8M	20x	as long as short
Paradex XAU-USD-PERP	+0.0071%	8h	4,321.5	−0.004%	$2K	$14K	5x	as long as short
Lighter XAU	+0.0072%	1h	4,321.3	−0.009%	$20.3M	$28.9M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,317.8	−0.090%	$2.1M	$4.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0086%	24h	4,321.4	−0.007%	$3.8M	$44.4M	15x	as long as short
Variational Omni XAU	+0.0094%	4h	4,323.8	+0.048%	$47.3M	$29.1M	—	as long as short
Phoenix GOLD	+0.0096%	1h	4,320.8	−0.021%	$47K	$79K	25x	as long as short
Gate XAU_USDT	+0.0098%	4h	4,323.5	+0.041%	$279.5M	$409.8M	100x	as long as short
MEXC XAU_USDT	+0.0098%	4h	4,322	+0.007%	$364.1M	$324.9M	1000x	as long as short
Binance XAUUSDTlong	+0.0099%	4h	4,321.7	long leg	$425.3M	$2.14B	100x
Pacifica XAU	+0.0100%	1h	4,318.3	−0.079%	$1.4M	$1.2M	10x	as long as short
GRVT XAU_USDT_Perp	+0.0100%	4h	4,323.9	+0.051%	$1.4M	$3.0M	25x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,316.9	−0.111%	$272K	$208K	50x	as long as short
edgeX XAUUSDC	+0.0102%	4h	4,317.9	−0.089%	$30.0M	$59.5M	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,320.7	−0.022%	$160K	$87	10x	as long as short
Lighter RH XAU	+0.0136%	1h	4,323.8	+0.047%	$20.0M	$38.7M	25x	as long as short
Extended XAU-USD	+0.0160%	1h	4,318	−0.086%	$13.1M	$36.8M	25x	as long as short
Bitget XAUUSDT	+0.0202%	4h	4,321.9	+0.005%	$70.1M	$118.9M	100x	as long as short
Bullet GOLD-USD	+0.0206%	1h	4,321.2	−0.012%	$59K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0220%	1h	4,321.2	−0.012%	$4.3M	$2.0M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0228%	1h	4,318.4	−0.076%	$577K	$136K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0260%	1h	4,319.9	−0.042%	$163K	$864K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0289%	8h	4,322.7	+0.023%	$173.4M	$300.2M	100x	as long as short
BloFin XAU-USDT	+0.0341%	4h	4,322.3	+0.014%	$16.4M	$4.6M	100x	as long as short
HTX XAU-USDT	+0.0362%	4h	4,326.2	+0.103%	$3.2M	$5.8M	75x	as long as short
Phemex XAUUSDT	+0.0381%	4h	4,325.6	+0.090%	$2.2M	$975K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,321.5	−0.004%	$252K	—	111x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,323.1	+0.033%	$4.5M	$13.2M	25x	as long as short