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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0289%/8h= −31.7% APRpaid last 24h −0.073%
Price spread now: Hotstuff against HTX−0.200%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHotstuff: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Hotstuff is 0.200% cheaper against HTX than usual: you would sell low and buy high (−$20 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX XAU-USDT4,327.90.0337pay 0.0169% / 4h58m 30s$3.2M$5.8M75x
ShortHotstuff GOLD-PERP4,319.20.0048get 0.0006% / 1h58m 30s$32K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff 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
−$60.74
Price spread: −0.200% → 0.000%
−$19.99
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$97.73
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: HTX: live order book, just now; Hotstuff: 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 HTX live order book, just now0.01 bp7.1 bp −$711.1 bp −$11118.6 bp −$1,860doesn't fit
Sell Hotstuff no order-book sample
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 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
Bluefin GOLD-PERP−0.0202%1h4,316.5−0.262%$25K$1K20xas long as short
SunX XAU-USDT0.0000%4h4,327−0.020%$92K$7.5M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,320−0.182%$270K250xas long as short
Bybit XAUUSDT+0.0026%4h4,324.9−0.067%$76.9M$154.2M150xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.522%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,324.7−0.073%$3.8M$4.5M40xas long as short
QFEX GOLD-USD+0.0045%1h4,323.2−0.107%$5.4M$2.0M20xas long as short
Vest GC-PERP+0.0046%1h4,355.6+0.641%$1.0M25xas long as short
Lighter XAU+0.0048%1h4,321.8−0.139%$20.3M$28.8M25xas long as short
Hotstuff GOLD-PERPshort+0.0048%1h4,319.2−0.200%$32K25x
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:GOLD+0.0050%1h4,319−0.204%$291.4M$51.6M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,320.1−0.179%$15.0M$55.7M25xas long as short
Aster XAUUSD1+0.0060%4h4,326−0.043%$72.7M$273.1M20xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,318.6−0.214%$2.1M$4.9M25xas long as short
Paradex XAU-USD-PERP+0.0074%8h4,322.6−0.121%$2K$14K5xas long as short
Kalshi KXGOLDPERP+0.0084%24h4,324.4−0.080%$3.8M$44.3M15xas long as short
Variational Omni XAU+0.0094%4h4,321.5−0.147%$47.2M$29.1Mas long as short
GRVT XAU_USDT_Perp+0.0098%4h4,321.8−0.139%$1.4M$3.0M25xas long as short
Phoenix GOLD+0.0100%1h4,317.3−0.244%$47K$79K25xas long as short
Pacifica XAU+0.0100%1h4,319.5−0.193%$1.4M$1.2M10xas long as short
MEXC XAU_USDT+0.0100%4h4,323.1−0.109%$365.1M$324.3M1000xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,318.8−0.210%$272K$208K50xas long as short
Binance XAUUSDT+0.0100%4h4,324.1−0.086%$424.6M$2.14B100xas long as short
Lighter RH XAU+0.0104%1h4,324.6−0.075%$20.0M$38.5M25xas long as short
Gate XAU_USDT+0.0104%4h4,324.6−0.074%$279.3M$407.5M100xas long as short
Aevo XAU-PERP+0.0104%1h4,322.3−0.128%$160K$8710xas long as short
edgeX XAUUSDC+0.0110%4h4,318.4−0.218%$30.1M$60.1M50xas long as short
Extended XAU-USD+0.0136%1h4,319.1−0.201%$12.9M$36.1M25xas long as short
Bullet GOLD-USD+0.0149%1h4,323.9−0.091%$59K$82K10xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0167%1h4,322.6−0.121%$163K$871K25xas long as short
Polymarket Perps GOLD-USD+0.0183%1h4,323.4−0.103%$4.3M$2.0M20xas long as short
Bitget XAUUSDT+0.0208%4h4,323.4−0.103%$67.6M$117.9M100xas long as short
Kraken Futures PF_XAUUSD+0.0228%1h4,320.3−0.174%$577K$136K25xas long as short
OKX XAU-USDT-SWAP+0.0294%8h4,324.4−0.080%$173.3M$301.1M100xas long as short
HTX XAU-USDTlong+0.0337%4h4,327.9long leg$3.2M$5.8M75x
BloFin XAU-USDT+0.0340%4h4,322.8−0.116%$16.3M$4.6M100xas long as short
Phemex XAUUSDT+0.0361%4h4,325.9−0.044%$2.2M$975K100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0462% / S −0.0307%1h4,323.9−0.091%$252K111xas long as short
RISEx XAU/USDC+0.0643%1h4,326.5−0.031%$4.1M$12.8M25xas long as short