Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0375%/8h= −41.1% APRpaid last 24h −0.071%

Price spread now: StandX against HTX−0.108%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$270.274% of the position

Long on HTX Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 4 days (all we have)+0.071%+$7 · spread now −0.108%, 7d avg −0.041%

Together, before fees+0.028%+ Points / potential airdropStandX: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and StandX is 0.067% cheaper against HTX than usual: you would sell low and buy high (−$7 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 7 days it paid -0.044% 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 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	4,331.9	0.0415	pay 0.0208% / 4h	33m 37s	$3.2M	$5.9M	75x
Short	StandX XAU-USD	4,327.2	0.0040	get 0.0005% / 1h	33m 37s	$3.8M	$4.5M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.108%Rate

Funding earned: −$78.78
Price spread: −0.108% → −0.041%: −$6.67
Slippage, 4 orders: −$7.36
Fee HTX: 6 bp × 2 orders: −$12
Fee StandX: 4 bp × 2 orders: −$8
Net: −$112.82
Costs to cover: 0.274%
Break-even: never at this rate

Slippage from HTX: live order book, 5 min ago; StandX: live order book, just now.

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, 5 min ago	0.01 bp	7.7 bp −$8	10.0 bp −$100	16.6 bp −$1,660	doesn't fit
Sell StandX live order book, just now	1.85 bp	7.8 bp −$8	8.6 bp −$86	9.6 bp −$962	10.7 bp −$5,341

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	−0.0105%	1h	4,320.7	−0.259%	$25K	$1K	20x	as long as short
Hotstuff GOLD-PERP	−0.0096%	1h	4,322.4	−0.218%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,330.5	−0.031%	$92K	$7.3M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,322.7	−0.211%	$270K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.428%	$619	$54	52x	as long as short
StandX XAU-USDshort	+0.0040%	1h	4,327.2	−0.108%	$3.8M	$4.5M	40x
QFEX GOLD-USD	+0.0045%	1h	4,324.6	−0.168%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,358.4	+0.613%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,322.6	−0.214%	$291.8M	$51.5M	25x	as long as short
Bybit XAUUSDT	+0.0050%	4h	4,327.1	−0.111%	$77.6M	$153.0M	150x	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	4,321.7	−0.234%	$15.0M	$55.6M	25x	as long as short
Aster XAUUSD1	+0.0057%	4h	4,327.1	−0.110%	$72.9M	$272.0M	20x	as long as short
Lighter XAU	+0.0064%	1h	4,324.8	−0.162%	$20.5M	$29.2M	25x	as long as short
Paradex XAU-USD-PERP	+0.0066%	8h	4,324.8	−0.162%	$2K	$14K	5x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,322	−0.228%	$2.1M	$4.8M	25x	as long as short
Variational Omni XAU	+0.0089%	4h	4,324.9	−0.161%	$47.2M	$29.3M	—	as long as short
Kalshi KXGOLDPERP	+0.0092%	24h	4,327.8	−0.094%	$3.8M	$44.6M	15x	as long as short
Phoenix GOLD	+0.0096%	1h	4,323.8	−0.186%	$47K	$79K	25x	as long as short
MEXC XAU_USDT	+0.0098%	4h	4,326	−0.135%	$363.4M	$327.4M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0098%	4h	4,326.6	−0.121%	$1.4M	$3.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,322.1	−0.225%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,324.5	−0.171%	$272K	$208K	50x	as long as short
Binance XAUUSDT	+0.0101%	4h	4,326	−0.135%	$425.2M	$2.13B	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,325.8	−0.141%	$160K	$87	10x	as long as short
Gate XAU_USDT	+0.0106%	4h	4,328.1	−0.088%	$285.2M	$416.0M	100x	as long as short
edgeX XAUUSDC	+0.0117%	4h	4,323.1	−0.203%	$30.1M	$59.6M	50x	as long as short
Lighter RH XAU	+0.0120%	1h	4,327.7	−0.096%	$20.0M	$39.1M	25x	as long as short
Extended XAU-USD	+0.0128%	1h	4,321.8	−0.232%	$13.2M	$36.8M	25x	as long as short
Bitget XAUUSDT	+0.0194%	4h	4,325.7	−0.143%	$70.1M	$118.6M	100x	as long as short
Bullet GOLD-USD	+0.0205%	1h	4,326.5	−0.125%	$58K	$81K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0213%	1h	4,325.2	−0.154%	$163K	$871K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0219%	1h	4,326.2	−0.131%	$4.3M	$1.9M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0228%	1h	4,324.1	−0.179%	$578K	$135K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0276%	8h	4,326.7	−0.119%	$173.8M	$299.0M	100x	as long as short
BloFin XAU-USDT	+0.0339%	4h	4,325.8	−0.141%	$16.4M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0361%	4h	4,328.9	−0.067%	$2.2M	$975K	100x	as long as short
HTX XAU-USDTlong	+0.0415%	4h	4,331.9	long leg	$3.2M	$5.9M	75x
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,326.1	−0.132%	$253K	—	111x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,326.1	−0.133%	$4.6M	$13.3M	25x	as long as short