Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0229%/8h= −25.0% APRpaid last 24h +0.197%

Price spread now: Bluefin against OKX+0.916%7-day average — · you sell dearer than you buy

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

Long on OKX 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

The price spread pays, funding is against you. Bluefin is 0.916% dearer against OKX than usual: you sell high and buy low (spread +0.916% now, against zero (this spread has no 7-day history yet)): +$92 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XAU-USDT-SWAP	4,336.8	0.0329	pay 0.0329% / 8h	2h 07m	$170.6M	$297.3M	100x
Short	Bluefin GOLD-PERP	4,376.5	0.0100	get 0.0013% / 1h	7m 22s	$25K	$14K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bluefin against OKX. 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 OKXbpFee BluefinbpOrdersPrice spread, now +0.916%Rate

Funding earned: −$48.04
Price spread: +0.916% → 0.000%: $91.59
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Bluefin: 3.5 bp × 2 orders: −$7
Net: $26.55
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: OKX: live order book, 2 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 OKX live order book, 2 min ago	0.12 bp	5.2 bp −$5	5.7 bp −$57	8.3 bp −$833	17.0 bp −$8,497
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
SunX XAU-USDT	0.0000%	4h	4,338.2	+0.031%	$92K	$8.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,333.2	−0.083%	$271K	—	250x	as long as short
Bybit XAUUSDT	+0.0006%	4h	4,337.5	+0.016%	$78.5M	$156.5M	150x	as long as short
Extended XAU-USD	+0.0032%	1h	4,332.5	−0.099%	$13.1M	$36.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.314%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,333.7	−0.071%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,334.2	−0.060%	$5.5M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,368.7	+0.736%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,335.2	−0.036%	$20.4M	$31.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,332.7	−0.095%	$292.2M	$51.6M	25x	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	4,332.1	−0.108%	$15.0M	$56.5M	25x	as long as short
RISEx XAU/USDC	+0.0054%	1h	4,337.2	+0.010%	$3.8M	$12.5M	25x	as long as short
Kalshi KXGOLDPERP	+0.0064%	24h	4,334.6	−0.051%	$4.0M	$42.2M	15x	as long as short
Gate XAU_USDT	+0.0064%	4h	4,337.8	+0.024%	$271.4M	$418.5M	100x	as long as short
Paradex XAU-USD-PERP	+0.0071%	8h	4,336.2	−0.014%	$19K	$5K	5x	as long as short
Lighter RH XAU	+0.0072%	1h	4,337.9	+0.025%	$19.9M	$39.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,330	−0.157%	$2.0M	$4.8M	25x	as long as short
Aster XAUUSD1	+0.0096%	4h	4,337.7	+0.020%	$72.3M	$330.0M	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0096%	1h	4,332.1	−0.108%	$195K	$826K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,333.1	−0.085%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,330	−0.156%	$273K	$208K	50x	as long as short
Bluefin GOLD-PERPshort	+0.0100%	1h	4,376.5	+0.916%	$25K	$14K	20x
Variational Omni XAU	+0.0101%	4h	4,331.5	−0.123%	$46.8M	$28.6M	—	as long as short
GRVT XAU_USDT_Perp	+0.0104%	4h	4,333.5	−0.077%	$1.4M	$3.0M	25x	as long as short
MEXC XAU_USDT	+0.0110%	4h	4,336.5	−0.008%	$364.2M	$331.0M	1000x	as long as short
Binance XAUUSDT	+0.0111%	4h	4,336.6	−0.004%	$415.0M	$2.12B	100x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,333.1	−0.085%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0126%	4h	4,327.8	−0.208%	$30.1M	$60.3M	50x	as long as short
Phoenix GOLD	+0.0127%	1h	4,330.6	−0.143%	$47K	$77K	25x	as long as short
Hotstuff GOLD-PERP	+0.0152%	1h	4,331	−0.134%	$32K	—	25x	as long as short
Bullet GOLD-USD	+0.0160%	1h	4,336.5	−0.008%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0176%	1h	4,336.5	−0.007%	$4.2M	$2.0M	20x	as long as short
HTX XAU-USDT	+0.0230%	4h	4,336.6	−0.005%	$2.8M	$5.0M	75x	as long as short
Kraken Futures PF_XAUUSD	+0.0247%	1h	4,330.8	−0.139%	$590K	$130K	25x	as long as short
Bitget XAUUSDT	+0.0252%	4h	4,336.4	−0.010%	$68.1M	$118.9M	100x	as long as short
OKX XAU-USDT-SWAPlong	+0.0329%	8h	4,336.8	long leg	$170.6M	$297.3M	100x
BloFin XAU-USDT	+0.0357%	4h	4,333.3	−0.080%	$16.0M	$4.5M	100x	as long as short
Phemex XAUUSDT	+0.0376%	4h	4,335.2	−0.038%	$2.2M	$962K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0461% / S −0.0303%	1h	4,336.6	−0.004%	$253K	—	111x	as long as short