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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC−0.1028%/8h= −112.5% APRpaid last 24h −0.083%
Price spread now: ApeX Omni against HTX−0.310%76s7-day average −0.099% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$500.500% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.045%+$4 on $10k
Price spread, last 4 days (all we have)+0.126%+$13 · spread now −0.310%, 7d avg −0.099%
Together, before fees+0.170%+$17 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$31 a day on $10k at the current rate, and ApeX Omni is 0.211% cheaper against HTX than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.099%). Swap the legs. The two prices were read 76 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.045% in total (about 2.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX XAU-USDT4,341.30.1128pay 0.0564% / 4h2h 03m$3.2M$7.0M75x
ShortApeX Omni XAUUSDT4,327.80.0100get 0.0013% / 1h3m 43s$284K$223K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against HTX. 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
−$215.82
Price spread: −0.310% → −0.099%
−$21.07
Slippage, 4 orders
−$28
Fee HTX: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$286.89
Costs to cover
0.500%
Break-even
never at this rate
Slippage from HTX: live order book, 3 min ago; ApeX Omni: live order book, 46 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 3 min ago0.01 bp6.9 bp −$79.1 bp −$9114.4 bp −$1,441doesn't fit
Sell ApeX Omni live order book, 46 min ago4.60 bp19.3 bp −$1933.2 bp −$33262.2 bp −$6,219doesn't fit

XAU on 39 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff GOLD-PERP−2.0120%1h4,318.3−0.529%$32K25xas long as short
SunX XAU-USDT0.0000%4h4,337.9−0.077%$92K$6.1M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,329.9−0.261%$275K250xas long as short
Coinbase International GOLD-PERP-INTX+0.0024%1h4,329.5−0.271%$2.1M$5.2M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.211%$619$5452xas long as short
QFEX GOLD-USD+0.0038%1h4,328.7−0.289%$6.7M$3.2M20xas long as short
StandX XAU-USD+0.0040%1h4,336.9−0.100%$3.8M$4.5M40xas long as short
Vest GC-PERP+0.0046%1h4,367+0.593%$1.0M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,326.8−0.333%$292.0M$52.8M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,325.4−0.365%$15.1M$58.0M25xas long as short
Show all 39 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex XAU-USD-PERP+0.0055%8h4,328.8−0.287%$2K$13K5xas long as short
RISEx XAU/USDC+0.0056%1h4,334.8−0.148%$4.7M$13.5M25xas long as short
Aster XAUUSD1+0.0075%4h4,331.3−0.228%$73.0M$275.2M20xas long as short
Phoenix GOLD+0.0076%1h4,322−0.443%$43K$72K25xas long as short
Variational Omni XAU+0.0090%4h4,334.4−0.159%$47.3M$29.4Mas long as short
Lighter XAU+0.0096%1h4,328.4−0.296%$20.2M$30.5M25xas long as short
Pacifica XAU+0.0100%1h4,326.3−0.344%$1.4M$1.3M10xas long as short
ApeX Omni XAUUSDTshort+0.0100%1h4,327.8−0.310%$284K$223K50x
Bluefin GOLD-PERP+0.0100%1h4,328.6−0.291%$25K$1K20xas long as short
Gate XAU_USDT+0.0102%4h4,331.3−0.230%$302.7M$450.1M100xas long as short
Bybit XAUUSDT+0.0107%4h4,330.5−0.247%$80.5M$171.4M150xas long as short
MEXC XAU_USDT+0.0110%4h4,329.3−0.276%$362.5M$365.8M1000xas long as short
Binance XAUUSDT+0.0111%4h4,329.4−0.273%$445.1M$2.40B100xas long as short
Aevo XAU-PERP+0.0112%1h4,332.9−0.193%$160K$8710xas long as short
GRVT XAU_USDT_Perp+0.0116%4h4,333.8−0.171%$1.4M$3.1M25xas long as short
edgeX XAUUSDC+0.0119%4h4,324.3−0.390%$30.2M$66.3M50xas long as short
Kalshi KXGOLDPERP+0.0133%24h4,336.6−0.107%$3.5M$50.6M15xas long as short
Polymarket Perps GOLD-USD+0.0136%1h4,333.4−0.181%$4.3M$1.7M20xas long as short
Lighter RH XAU+0.0152%1h4,331.1−0.234%$19.7M$41.0M25xas long as short
Extended XAU-USD+0.0152%1h4,325.7−0.357%$12.7M$34.8M25xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0189%1h4,331.7−0.220%$135K$747K25xas long as short
Bullet GOLD-USD+0.0197%1h4,333.2−0.185%$59K$76K10xas long as short
Bitget XAUUSDT+0.0218%4h4,329.8−0.264%$74.2M$135.5M100xas long as short
OKX XAU-USDT-SWAP+0.0244%8h4,330−0.259%$170.8M$356.0M100xas long as short
Phemex XAUUSDT+0.0271%4h4,334.4−0.158%$2.2M$782K100xas long as short
BloFin XAU-USDT+0.0351%4h4,333.5−0.178%$16.3M$5.3M100xas long as short
Kraken Futures PF_XAUUSD+0.0411%1h4,330.1−0.257%$583K$165K25xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0460% / S −0.0307%1h4,332.7−0.196%$253K111xas long as short
HTX XAU-USDTlong+0.1128%4h4,341.3long leg$3.2M$7.0M75x