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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.01 per $10,000 · paid last 24h +0.189%
Price spread now: Bluefin against Coinbase International−0.031%7-day average · you buy dearer than you sell
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
Funding pays, the price is against you. Bluefin is 0.031% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.031% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 10 days of funding at the current rate ($0 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International GOLD-PERP-INTX4,303.40.0072pay 0.0009% / 1h4m 05s$2.0M$5.1M25x
ShortBluefin GOLD-PERP4,302.10.0082get 0.0010% / 1h4m 05s$25K$1K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bluefin against Coinbase International. 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
$2.15
Price spread: −0.031% → 0.000%
−$3.14
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
−$17.99
Costs to cover
0.170%
Break-even
65.7 days
Slippage unknown: Coinbase International: live order book, 5 min ago; Bluefin: 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 5 min ago0.58 bp8.0 bp −$89.6 bp −$9663.7 bp −$6,371doesn't fit
Sell Bluefin no order-book sample
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%4h4,310.6+0.168%$92K$7.0M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,302.7−0.015%$268K250xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+1.093%$619$5452xas long as short
QFEX GOLD-USD+0.0045%1h4,305.2+0.042%$6.6M$3.1M20xas long as short
Vest GC-PERP+0.0046%1h4,338.4+0.813%$1.0M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,302.9−0.012%$289.7M$52.9M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,302.9−0.012%$15.0M$55.3M25xas long as short
Hotstuff GOLD-PERP+0.0056%1h4,303.40.000%$32K25xas long as short
Aster XAUUSD1+0.0057%4h4,307.9+0.104%$72.8M$271.9M20xas long as short
Paradex XAU-USD-PERP+0.0062%8h4,305.6+0.051%$2K$14K5xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit XAUUSDT+0.0071%4h4,307.2+0.088%$77.2M$155.6M150xas long as short
Lighter XAU+0.0072%1h4,305.6+0.050%$20.2M$30.2M25xas long as short
Coinbase International GOLD-PERP-INTXlong+0.0072%1h4,303.4long leg$2.0M$5.1M25x
Bluefin GOLD-PERPshort+0.0082%1h4,302.1−0.031%$25K$1K20x
Phoenix GOLD+0.0096%1h4,305.5+0.049%$42K$79K25xas long as short
Pacifica XAU+0.0100%1h4,303.2−0.005%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,304+0.013%$269K$214K50xas long as short
Kalshi KXGOLDPERP+0.0100%24h4,308.3+0.114%$3.7M$45.5M15xas long as short
Variational Omni XAU+0.0101%4h4,306.5+0.073%$46.7M$29.3Mas long as short
Lighter RH XAU+0.0104%1h4,308.1+0.109%$19.9M$40.3M25xas long as short
Extended XAU-USD+0.0104%1h4,302.4−0.024%$13.1M$36.7M25xas long as short
MEXC XAU_USDT+0.0110%4h4,306.7+0.076%$367.7M$342.3M1000xas long as short
Binance XAUUSDT+0.0111%4h4,306.5+0.072%$428.9M$2.16B100xas long as short
Aevo XAU-PERP+0.0112%1h4,306.1+0.062%$159K$8710xas long as short
GRVT XAU_USDT_Perp+0.0114%4h4,308+0.106%$1.4M$3.0M25xas long as short
Gate XAU_USDT+0.0116%4h4,308.6+0.120%$287.4M$432.3M100xas long as short
edgeX XAUUSDC+0.0130%4h4,304.2+0.018%$29.9M$60.3M50xas long as short
StandX XAU-USD+0.0149%1h4,310+0.153%$3.8M$4.5M40xas long as short
Bitget XAUUSDT+0.0190%4h4,306.5+0.073%$70.4M$121.6M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0192%1h4,305.2+0.042%$136K$865K25xas long as short
Bullet GOLD-USD+0.0199%1h4,306.8+0.078%$59K$81K10xas long as short
Polymarket Perps GOLD-USD+0.0222%1h4,306.8+0.079%$4.3M$1.8M20xas long as short
Kraken Futures PF_XAUUSD+0.0229%1h4,304.1+0.016%$572K$138K25xas long as short
OKX XAU-USDT-SWAP+0.0260%8h4,306+0.060%$174.2M$307.7M100xas long as short
BloFin XAU-USDT+0.0369%4h4,306.5+0.071%$16.6M$5.0M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0464% / S −0.0311%1h4,306.5+0.073%$253K111xas long as short
Phemex XAUUSDT+0.0497%4h4,311.4+0.185%$2.2M$951K100xas long as short
HTX XAU-USDT+0.0545%4h4,312.6+0.214%$3.2M$6.1M75xas long as short
RISEx XAU/USDC+0.0643%1h4,306.6+0.074%$4.5M$13.1M25xas long as short