Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.3193%/8h= +349.6% APRpaid last 24h +0.092%

Price spread now: Bluefin against HTX−0.289%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Bluefin

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

Funding pays, the price is against you. Bluefin is 0.289% cheaper against HTX than usual: you would sell low and buy high (spread −0.289% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$29 on $10k: about 7 hours of funding at the current rate (+$96 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAU-USDT	4,315.8	0.1118	pay 0.0559% / 4h	3h 34m	$3.2M	$6.2M	75x
Short	Bluefin GOLD-PERP	4,303.3	0.4311	get 0.0539% / 1h	34m 56s	$25K	$1K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bluefin 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

Position, each leg$Hold fordaysFee HTXbpFee BluefinbpOrdersPrice spread, now −0.289%Rate

Funding earned: $670.55
Price spread: −0.289% → 0.000%: −$28.94
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Bluefin: 3.5 bp × 2 orders: −$7
Net: $622.61
Costs to cover: 0.190%
Break-even: 0.5 days

Slippage unknown: HTX: live order book, 4 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy HTX live order book, 4 min ago	0.01 bp	6.4 bp −$6	8.0 bp −$80	12.2 bp −$1,222	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff GOLD-PERP	−0.0032%	1h	4,305.5	−0.239%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,311.4	−0.103%	$92K	$6.8M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,303.6	−0.284%	$278K	—	250x	as long as short
GRVT XAU_USDT_Perp	+0.0012%	4h	4,308	−0.180%	$1.4M	$3.0M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.802%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,306.8	−0.209%	$3.8M	$4.5M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,338.7	+0.531%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,306.3	−0.220%	$6.6M	$3.1M	20x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,305	−0.250%	$291.0M	$53.9M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,304.5	−0.262%	$4.3M	$1.8M	20x	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	4,303.5	−0.285%	$15.0M	$55.8M	25x	as long as short
Aster XAUUSD1	+0.0052%	4h	4,308.6	−0.166%	$73.4M	$271.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,303.9	−0.276%	$2.0M	$5.1M	25x	as long as short
Paradex XAU-USD-PERP	+0.0061%	8h	4,306.2	−0.221%	$2K	$13K	5x	as long as short
Extended XAU-USD	+0.0064%	1h	4,303.4	−0.288%	$13.1M	$36.2M	25x	as long as short
Lighter XAU	+0.0080%	1h	4,306.2	−0.222%	$20.3M	$28.9M	25x	as long as short
Variational Omni XAU	+0.0089%	4h	4,305.9	−0.230%	$46.6M	$29.2M	—	as long as short
Phoenix GOLD	+0.0095%	1h	4,306.1	−0.225%	$42K	$86K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,302.7	−0.303%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,305.2	−0.246%	$275K	$218K	50x	as long as short
MEXC XAU_USDT	+0.0102%	4h	4,307.9	−0.183%	$361.9M	$337.4M	1000x	as long as short
Binance XAUUSDT	+0.0103%	4h	4,307.5	−0.193%	$434.2M	$2.22B	100x	as long as short
Lighter RH XAU	+0.0104%	1h	4,308.9	−0.159%	$19.8M	$39.9M	25x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,306.2	−0.223%	$159K	$87	10x	as long as short
Kalshi KXGOLDPERP	+0.0109%	24h	4,309.8	−0.139%	$3.7M	$46.5M	15x	as long as short
edgeX XAUUSDC	+0.0111%	4h	4,306.8	−0.210%	$30.0M	$61.5M	50x	as long as short
Bybit XAUUSDT	+0.0117%	4h	4,308.4	−0.172%	$77.5M	$157.3M	150x	as long as short
RISEx XAU/USDC	+0.0126%	1h	4,307.1	−0.202%	$4.4M	$13.1M	25x	as long as short
Gate XAU_USDT	+0.0160%	4h	4,309.8	−0.140%	$297.0M	$426.7M	100x	as long as short
Bitget XAUUSDT	+0.0190%	4h	4,307.9	−0.183%	$70.4M	$124.7M	100x	as long as short
Bullet GOLD-USD	+0.0195%	1h	4,307.2	−0.200%	$58K	$81K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0215%	1h	4,305.6	−0.236%	$134K	$846K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0249%	8h	4,308.6	−0.167%	$171.2M	$329.7M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0328%	1h	4,305.2	−0.246%	$573K	$138K	25x	as long as short
BloFin XAU-USDT	+0.0369%	4h	4,307.1	−0.201%	$16.2M	$5.0M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0466% / S −0.0314%	1h	4,307.6	−0.190%	$255K	—	111x	as long as short
Phemex XAUUSDT	+0.0527%	4h	4,310	−0.134%	$2.2M	$955K	100x	as long as short
HTX XAU-USDTlong	+0.1118%	4h	4,315.8	long leg	$3.2M	$6.2M	75x
Bluefin GOLD-PERPshort	+0.4311%	1h	4,303.3	−0.289%	$25K	$1K	20x