Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0342%/8h= −37.4% APRpaid last 24h −0.044%

Price spread now: Bullet against HTX−0.123%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 Bullet

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—needs both histories

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Bullet is 0.123% cheaper against HTX than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAU-USDT	4,347	0.0555	pay 0.0277% / 4h	3h 41m	$2.8M	$4.6M	75x
Short	Bullet GOLD-USD	4,341.6	0.0213	get 0.0027% / 1h	41m 54s	$59K	$82K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now −0.123%Rate

Funding earned: −$71.75
Price spread: −0.123% → 0.000%: −$12.26
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$104.02
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 2 min ago; Bullet: 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, 2 min ago	0.01 bp	6.0 bp −$6	7.9 bp −$79	34.3 bp −$3,426	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: 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
Bluefin GOLD-PERP	−0.0024%	1h	4,335.8	−0.257%	$25K	$14K	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,343	−0.091%	$267.7M	$413.5M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,345.8	−0.028%	$92K	$8.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,337.1	−0.226%	$271K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,340.4	−0.150%	$3.5M	$12.1M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,342.2	−0.109%	$20.0M	$39.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,336.9	−0.232%	$13.3M	$37.9M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.080%	$619	$54	52x	as long as short
Lighter XAU	+0.0040%	1h	4,340.1	−0.157%	$20.8M	$34.5M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,343.7	−0.075%	$3.8M	$4.5M	40x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USD	+0.0042%	1h	4,340.5	−0.149%	$5.7M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,374.1	+0.624%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,338.8	−0.188%	$293.5M	$49.3M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,337.7	−0.214%	$15.1M	$56.9M	25x	as long as short
Kalshi KXGOLDPERP	+0.0051%	24h	4,339.3	−0.176%	$4.3M	$37.5M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,339.7	−0.167%	$2.1M	$4.8M	25x	as long as short
Bybit XAUUSDT	+0.0056%	4h	4,341.9	−0.117%	$80.5M	$151.4M	150x	as long as short
Hotstuff GOLD-PERP	+0.0072%	1h	4,339.7	−0.167%	$33K	—	25x	as long as short
Aster XAUUSD1	+0.0076%	4h	4,342.4	−0.105%	$71.4M	$332.4M	20x	as long as short
Paradex XAU-USD-PERP	+0.0083%	8h	4,341.1	−0.134%	$19K	$5K	5x	as long as short
Variational Omni XAU	+0.0087%	4h	4,342.7	−0.097%	$48.3M	$27.7M	—	as long as short
Pacifica XAU	+0.0100%	1h	4,338.2	−0.202%	$1.4M	$1.1M	10x	as long as short
MEXC XAU_USDT	+0.0100%	4h	4,341.4	−0.129%	$369.5M	$318.9M	1000x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,339.5	−0.171%	$274K	$203K	50x	as long as short
Binance XAUUSDT	+0.0102%	4h	4,341.3	−0.131%	$417.0M	$2.09B	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,340.7	−0.144%	$161K	$87	10x	as long as short
edgeX XAUUSDC	+0.0113%	4h	4,338.3	−0.199%	$30.2M	$58.3M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,338.8	−0.188%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0174%	4h	4,343.4	−0.082%	$1.4M	$2.9M	25x	as long as short
Bullet GOLD-USDshort	+0.0213%	1h	4,341.6	−0.123%	$59K	$82K	10x
Polymarket Perps GOLD-USD	+0.0217%	1h	4,341.5	−0.126%	$4.3M	$2.0M	20x	as long as short
Bitget XAUUSDT	+0.0246%	4h	4,341.8	−0.119%	$71.1M	$109.4M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0257%	1h	4,339.7	−0.167%	$205K	$827K	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,338.3	−0.198%	$592K	$132K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0318%	8h	4,342.3	−0.107%	$166.4M	$281.7M	100x	as long as short
Phemex XAUUSDT	+0.0347%	4h	4,344.6	−0.053%	$2.2M	$967K	100x	as long as short
BloFin XAU-USDT	+0.0361%	4h	4,343.1	−0.088%	$15.6M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0427% / S −0.0252%	1h	4,341.6	−0.123%	$250K	—	111x	as long as short
HTX XAU-USDTlong	+0.0555%	4h	4,347	long leg	$2.8M	$4.6M	75x