Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0464%/8h= +50.8% APRpaid last 24h −0.125%

Price spread now: BloFin against Bluefin+0.151%7-day average — · you sell dearer than you buy

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

Long on Bluefin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and BloFin is 0.151% dearer against Bluefin than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin GOLD-PERP	4,318.3	−0.0124	get 0.0015% / 1h	56m 59s	$25K	$1K	20x
Short	BloFin XAU-USDT	4,324.8	0.0340	get 0.0170% / 4h	56m 59s	$16.4M	$4.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bluefin. 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 BluefinbpFee BloFinbpOrdersPrice spread, now +0.151%Rate

Funding earned: $97.37
Price spread: +0.151% → 0.000%: $15.05
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: $93.42
Costs to cover: 0.190%
Break-even: 0.3 days

Slippage unknown: Bluefin: no order-book sample; BloFin: live order book, 7 min ago. 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 Bluefin no order-book sample	—	—	—	—	—
Sell BloFin live order book, 7 min ago	0.04 bp	6.0 bp −$6	6.3 bp −$63	7.8 bp −$781	doesn't fit

Bluefin: 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
Bluefin GOLD-PERPlong	−0.0124%	1h	4,318.3	long leg	$25K	$1K	20x
SunX XAU-USDT	0.0000%	4h	4,329.5	+0.258%	$92K	$7.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,320.2	+0.043%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0026%	4h	4,325.5	+0.166%	$76.9M	$153.9M	150x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.743%	$619	$54	52x	as long as short
Lighter XAU	+0.0040%	1h	4,324	+0.132%	$20.3M	$28.8M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,324.7	+0.148%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,322.7	+0.101%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,355.5	+0.861%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,320.5	+0.050%	$291.5M	$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	+0.015%	$15.0M	$55.7M	25x	as long as short
Hotstuff GOLD-PERP	+0.0056%	1h	4,320.6	+0.053%	$32K	—	25x	as long as short
Aster XAUUSD1	+0.0060%	4h	4,326.5	+0.189%	$72.7M	$273.0M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,319.3	+0.022%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0073%	8h	4,322.6	+0.098%	$2K	$14K	5x	as long as short
Kalshi KXGOLDPERP	+0.0085%	24h	4,324.6	+0.145%	$3.8M	$44.3M	15x	as long as short
Lighter RH XAU	+0.0088%	1h	4,326.5	+0.190%	$20.0M	$38.5M	25x	as long as short
Variational Omni XAU	+0.0094%	4h	4,321.5	+0.073%	$47.2M	$29.1M	—	as long as short
GRVT XAU_USDT_Perp	+0.0098%	4h	4,321.8	+0.081%	$1.4M	$3.0M	25x	as long as short
Phoenix GOLD	+0.0100%	1h	4,319.5	+0.027%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,319.3	+0.022%	$1.4M	$1.2M	10x	as long as short
MEXC XAU_USDT	+0.0100%	4h	4,324.9	+0.151%	$365.2M	$324.4M	1000x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,318.8	+0.010%	$272K	$208K	50x	as long as short
Binance XAUUSDT	+0.0100%	4h	4,324.8	+0.151%	$424.7M	$2.14B	100x	as long as short
Gate XAU_USDT	+0.0102%	4h	4,326.2	+0.181%	$279.4M	$407.8M	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,323.5	+0.120%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0110%	4h	4,319	+0.015%	$30.1M	$59.2M	50x	as long as short
Extended XAU-USD	+0.0136%	1h	4,319.9	+0.035%	$12.9M	$36.1M	25x	as long as short
Bullet GOLD-USD	+0.0166%	1h	4,323.3	+0.115%	$59K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0192%	1h	4,322.7	+0.101%	$4.3M	$2.0M	20x	as long as short
Bitget XAUUSDT	+0.0206%	4h	4,324.7	+0.146%	$68.0M	$118.3M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0213%	1h	4,324	+0.131%	$163K	$860K	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0228%	1h	4,321.2	+0.066%	$578K	$136K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0293%	8h	4,325.3	+0.161%	$173.3M	$300.8M	100x	as long as short
BloFin XAU-USDTshort	+0.0340%	4h	4,324.8	+0.151%	$16.4M	$4.6M	100x
HTX XAU-USDT	+0.0343%	4h	4,330.3	+0.276%	$3.2M	$5.8M	75x	as long as short
Phemex XAUUSDT	+0.0366%	4h	4,325.9	+0.176%	$2.2M	$975K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,323.9	+0.130%	$253K	—	111x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,325.6	+0.168%	$4.1M	$12.8M	25x	as long as short