Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0619%/8h= −67.8% APRpaid last 24h −0.054%

Price spread now: RISEx against HTX−0.129%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$210.214% of the position

Long on HTX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.069%+$7 · spread now −0.129%, 7d avg −0.041%

Together, before fees+0.067%+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and RISEx is 0.088% cheaper against HTX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.041%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.003% in total (about -0.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAU-USDT	4,345.7	0.0624	pay 0.0312% / 4h	3h 38m	$2.8M	$4.6M	75x
Short	RISEx XAU/USDC	4,340.1	0.0005	get 0.0001% / 1h	38m 04s	$3.5M	$12.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.129%Rate

Funding earned: −$129.99
Price spread: −0.129% → −0.041%: −$8.84
Slippage, 4 orders: −$3.43
Fee HTX: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$160.26
Costs to cover: 0.214%
Break-even: never at this rate

Slippage from HTX: live order book, 1 min ago; RISEx: live order book, 1 min ago.

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, 1 min ago	0.01 bp	6.0 bp −$6	7.7 bp −$77	12.8 bp −$1,284	doesn't fit
Sell RISEx live order book, 1 min ago	0.01 bp	4.0 bp −$4	4.2 bp −$42	33.4 bp −$3,341	doesn't fit

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
SunX XAU-USDT	0.0000%	4h	4,345.2	−0.012%	$92K	$8.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,337.1	−0.199%	$271K	—	250x	as long as short
RISEx XAU/USDCshort	+0.0005%	1h	4,340.1	−0.129%	$3.5M	$12.0M	25x
Bluefin GOLD-PERP	+0.0009%	1h	4,335.4	−0.237%	$25K	$14K	20x	as long as short
Hotstuff GOLD-PERP	+0.0016%	1h	4,338.1	−0.175%	$33K	—	25x	as long as short
Gate XAU_USDT	+0.0026%	4h	4,342.9	−0.064%	$267.8M	$414.4M	100x	as long as short
Extended XAU-USD	+0.0032%	1h	4,336.9	−0.202%	$13.2M	$37.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.108%	$619	$54	52x	as long as short
Lighter RH XAU	+0.0040%	1h	4,342.5	−0.075%	$20.1M	$39.3M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,341.9	−0.088%	$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	4,338.9	−0.157%	$5.7M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,373.5	+0.639%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,340.3	−0.125%	$20.8M	$34.5M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,338.3	−0.171%	$293.5M	$49.2M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,337.3	−0.194%	$15.1M	$56.9M	25x	as long as short
Kalshi KXGOLDPERP	+0.0051%	24h	4,338.4	−0.168%	$4.3M	$37.4M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,338.5	−0.166%	$2.1M	$4.8M	25x	as long as short
Bybit XAUUSDT	+0.0056%	4h	4,342.6	−0.072%	$80.3M	$151.7M	150x	as long as short
Aster XAUUSD1	+0.0079%	4h	4,342.6	−0.072%	$71.4M	$332.3M	20x	as long as short
Paradex XAU-USD-PERP	+0.0084%	8h	4,340.5	−0.120%	$19K	$5K	5x	as long as short
Variational Omni XAU	+0.0087%	4h	4,340.5	−0.121%	$48.3M	$27.7M	—	as long as short
Pacifica XAU	+0.0100%	1h	4,337.5	−0.189%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,339.3	−0.148%	$274K	$203K	50x	as long as short
MEXC XAU_USDT	+0.0104%	4h	4,341.6	−0.095%	$370.4M	$319.3M	1000x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,340.2	−0.126%	$161K	$87	10x	as long as short
Binance XAUUSDT	+0.0106%	4h	4,342.1	−0.084%	$417.0M	$2.09B	100x	as long as short
edgeX XAUUSDC	+0.0118%	4h	4,336.3	−0.216%	$30.1M	$58.3M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,339.8	−0.136%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0174%	4h	4,341	−0.107%	$1.4M	$2.9M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0216%	1h	4,340.8	−0.113%	$4.3M	$1.9M	20x	as long as short
Bullet GOLD-USD	+0.0217%	1h	4,341.2	−0.105%	$59K	$82K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0234%	1h	4,339.6	−0.141%	$205K	$828K	25x	as long as short
Bitget XAUUSDT	+0.0248%	4h	4,341.5	−0.096%	$71.0M	$109.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,338.1	−0.175%	$592K	$132K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0319%	8h	4,342.6	−0.072%	$166.6M	$281.8M	100x	as long as short
Phemex XAUUSDT	+0.0337%	4h	4,344.5	−0.027%	$2.2M	$967K	100x	as long as short
BloFin XAU-USDT	+0.0372%	4h	4,341.7	−0.091%	$15.6M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0427% / S −0.0252%	1h	4,341.1	−0.105%	$250K	—	111x	as long as short
HTX XAU-USDTlong	+0.0624%	4h	4,345.7	long leg	$2.8M	$4.6M	75x