Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0156%/8h= +17.1% APRpaid last 24h +0.051%

Price spread now: Bitget against Hotstuff+0.082%7-day average — · you sell dearer than you buy

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

Long on Hotstuff Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 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 for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bitget is 0.082% dearer against Hotstuff than usual: you sell high and buy low: +$8 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	Hotstuff GOLD-PERP	4,355.1	0.0024	pay 0.0003% / 1h	17m 42s	$33K	—	25x
Short	Bitget XAUUSDT	4,358.7	0.0180	get 0.0090% / 4h	2h 17m	$69.5M	$109.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Hotstuff. 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 HotstuffbpFee BitgetbpOrdersPrice spread, now +0.082%Rate

Funding earned: $32.76
Price spread: +0.082% → 0.000%: $8.2
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: $23.96
Costs to cover: 0.170%
Break-even: 1.9 days

Slippage unknown: Hotstuff: no order-book sample; Bitget: live order book, 1 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Bitget live order book, 1 min ago	0.01 bp	6.0 bp −$6	7.1 bp −$71	12.4 bp −$1,240	doesn't fit

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 38 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
Gate XAU_USDT	0.0000%	4h	4,359.9	+0.110%	$263.4M	$413.0M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,364.8	+0.223%	$93K	$9.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,357.1	+0.046%	$270K	—	250x	as long as short
Hotstuff GOLD-PERPlong	+0.0024%	1h	4,355.1	long leg	$33K	—	25x
Aster XAUUSD1	+0.0029%	4h	4,359.4	+0.098%	$70.6M	$294.3M	20x	as long as short
Extended XAU-USD	+0.0032%	1h	4,354.4	−0.016%	$13.5M	$42.0M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.107%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0034%	24h	4,357.5	+0.055%	$4.1M	$36.0M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,359.3	+0.096%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,394	+0.893%	—	$1.0M	25x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	4,355.3	+0.005%	$294.3M	$48.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,355.1	+0.001%	$14.9M	$58.0M	25x	as long as short
QFEX GOLD-USD	+0.0051%	1h	4,357.8	+0.062%	$5.6M	$1.9M	20x	as long as short
Lighter XAU	+0.0056%	1h	4,357.2	+0.048%	$20.7M	$43.7M	25x	as long as short
Lighter RH XAU	+0.0056%	1h	4,359.9	+0.109%	$20.2M	$40.9M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0070%	1h	4,360	+0.113%	$4.3M	$1.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,355.8	+0.016%	$2.0M	$5.0M	25x	as long as short
Variational Omni XAU	+0.0078%	4h	4,359	+0.090%	$48.3M	$28.1M	—	as long as short
Paradex XAU-USD-PERP	+0.0083%	8h	4,358.1	+0.069%	$19K	$5K	5x	as long as short
edgeX XAUUSDC	+0.0094%	4h	4,353.4	−0.040%	$30.3M	$59.8M	50x	as long as short
MEXC XAU_USDT	+0.0098%	4h	4,358.5	+0.078%	$375.9M	$323.6M	1000x	as long as short
Pacifica XAU	+0.0100%	1h	4,355.2	+0.002%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,357.1	+0.045%	$275K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,353	−0.048%	$26K	$14K	20x	as long as short
Binance XAUUSDT	+0.0100%	4h	4,358.3	+0.072%	$409.1M	$2.09B	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,359.7	+0.106%	$161K	$87	10x	as long as short
GRVT XAU_USDT_Perp	+0.0110%	4h	4,360	+0.113%	$1.4M	$2.9M	25x	as long as short
Phoenix GOLD	+0.0121%	1h	4,356.9	+0.041%	$48K	$64K	25x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,357.7	+0.060%	$3.4M	$12.4M	25x	as long as short
Bullet GOLD-USD	+0.0164%	1h	4,361	+0.135%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0174%	4h	4,359.4	+0.099%	$84.0M	$143.8M	150x	as long as short
Bitget XAUUSDTshort	+0.0180%	4h	4,358.7	+0.082%	$69.5M	$109.6M	100x
Deribit GOLD_USDC-PERPETUAL	+0.0186%	1h	4,358.8	+0.085%	$243K	$671K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0236%	8h	4,359.4	+0.099%	$164.8M	$281.9M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,358.1	+0.068%	$594K	$139K	25x	as long as short
Phemex XAUUSDT	+0.0331%	4h	4,362	+0.158%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0391% / S −0.0197%	1h	4,361.1	+0.138%	$252K	—	111x	as long as short
HTX XAU-USDT	+0.0542%	4h	4,364.3	+0.211%	$2.9M	$3.9M	75x	as long as short