Settings8H · net · $10k
Funding arb · Price arb /

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.07 per $10,000 · paid last 24h −0.234%
Price spread now: Coinbase International against Bluefin+0.058%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.058% dearer against Bluefin than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin GOLD-PERP4,335.30.0002pay 0.0000% / 1h39m 06s$25K$14K20x
ShortCoinbase International GOLD-PERP-INTX4,337.80.0056get 0.0007% / 1h39m 06s$2.1M$4.8M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Funding earned
$11.36
Price spread: +0.058% → 0.000%
$5.84
Slippage, 4 orders
no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$0.19
Costs to cover
0.170%
Break-even
6.9 days
Slippage unknown: Bluefin: no order-book sample; Coinbase International: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bluefin no order-book sample
Sell Coinbase International live order book, 5 min ago0.58 bp5.7 bp −$67.6 bp −$76doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX XAU-USDT0.0000%4h4,345.4+0.233%$92K$8.7M20xas long as short
Bluefin GOLD-PERPlong+0.0002%1h4,335.3long leg$25K$14K20x
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,336.9+0.038%$271K250xas long as short
RISEx XAU/USDC+0.0005%1h4,340.4+0.118%$3.5M$12.0M25xas long as short
Gate XAU_USDT+0.0020%4h4,342.6+0.169%$267.7M$414.4M100xas long as short
Hotstuff GOLD-PERP+0.0024%1h4,338.5+0.075%$33K25xas long as short
Extended XAU-USD+0.0032%1h4,336.9+0.038%$13.2M$37.7M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.349%$619$5452xas long as short
Lighter RH XAU+0.0040%1h4,342.1+0.158%$20.0M$39.3M25xas long as short
StandX XAU-USD+0.0040%1h4,342+0.155%$3.8M$4.5M40xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX GOLD-USD+0.0042%1h4,338.9+0.084%$5.7M$2.0M20xas long as short
Vest GC-PERP+0.0046%1h4,373.5+0.882%$1.0M25xas long as short
Lighter XAU+0.0048%1h4,340.1+0.110%$20.8M$34.5M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,338.5+0.075%$293.5M$49.2M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,337.7+0.057%$15.1M$56.9M25xas long as short
Kalshi KXGOLDPERP+0.0051%24h4,338.4+0.072%$4.3M$37.4M15xas long as short
Coinbase International GOLD-PERP-INTXshort+0.0056%1h4,337.8+0.058%$2.1M$4.8M25x
Bybit XAUUSDT+0.0062%4h4,341.8+0.150%$80.4M$151.5M150xas long as short
Aster XAUUSD1+0.0078%4h4,341.9+0.152%$71.4M$332.3M20xas long as short
Paradex XAU-USD-PERP+0.0084%8h4,341+0.133%$19K$5K5xas long as short
Variational Omni XAU+0.0087%4h4,340.5+0.120%$48.3M$27.7Mas long as short
Pacifica XAU+0.0100%1h4,337.4+0.049%$1.4M$1.1M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,339.3+0.092%$274K$203K50xas long as short
MEXC XAU_USDT+0.0104%4h4,341.1+0.134%$370.4M$319.3M1000xas long as short
Aevo XAU-PERP+0.0104%1h4,340.5+0.120%$161K$8710xas long as short
Binance XAUUSDT+0.0105%4h4,341+0.133%$416.9M$2.09B100xas long as short
edgeX XAUUSDC+0.0118%4h4,336.3+0.024%$30.1M$58.3M50xas long as short
Phoenix GOLD+0.0136%1h4,339.8+0.104%$47K$77K25xas long as short
GRVT XAU_USDT_Perp+0.0174%4h4,341+0.133%$1.4M$2.9M25xas long as short
Bullet GOLD-USD+0.0216%1h4,341.2+0.137%$59K$82K10xas long as short
Polymarket Perps GOLD-USD+0.0216%1h4,341+0.132%$4.3M$1.9M20xas long as short
Bitget XAUUSDT+0.0248%4h4,341.6+0.146%$71.0M$109.4M100xas long as short
Kraken Futures PF_XAUUSD+0.0259%1h4,338.2+0.069%$592K$132K25xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0280%1h4,339.6+0.100%$205K$827K25xas long as short
OKX XAU-USDT-SWAP+0.0319%8h4,341.7+0.148%$166.5M$281.7M100xas long as short
Phemex XAUUSDT+0.0349%4h4,344.1+0.203%$2.2M$967K100xas long as short
BloFin XAU-USDT+0.0372%4h4,341.7+0.149%$15.6M$4.4M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0427% / S −0.0252%1h4,341.1+0.136%$250K111xas long as short
HTX XAU-USDT+0.0609%4h4,345.7+0.241%$2.8M$4.6M75xas long as short