Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0246%/8h= +26.9% APRpaid last 24h +0.100%

Price spread now: BloFin against Ondo Perps+0.029%7-day average +0.131% · you sell dearer than you buy

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

Long on Ondo Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.427%+$43 on $10k

Price spread, last 4 days (all we have)+0.235%+$24 · spread now +0.029%, 7d avg +0.131%

Together, before fees+0.663%+ Points / potential airdropOndo Perps: Active · farm board+$66 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.103% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.029% now, against its 7-day average of +0.131%). If the spread goes back, that is −$10 on $10k: about 33 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps XAU-USD.P	4,355	0.0050	pay 0.0006% / 1h	24m 25s	$15.1M	$57.2M	25x
Short	BloFin XAU-USDT	4,356.2	0.0296	get 0.0148% / 4h	1h 24m	$15.5M	$4.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpFee BloFinbpOrdersPrice spread, now +0.029%Rate

Funding earned: $51.66
Price spread: +0.029% → +0.131%: −$10.26
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: $24.4
Costs to cover: 0.170%
Break-even: 3.7 days

Slippage unknown: Ondo Perps: no order-book sample; BloFin: live order book, 4 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell BloFin live order book, 4 min ago	0.03 bp	6.2 bp −$6	6.9 bp −$69	8.7 bp −$873	doesn't fit

Ondo Perps: 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	4,362.7	+0.177%	$93K	$9.2M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,354.6	−0.009%	$267K	—	250x	as long as short
Gate XAU_USDT	+0.0006%	4h	4,359.5	+0.105%	$264.7M	$413.0M	100x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,358.4	+0.079%	$3.4M	$12.4M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,355.1	+0.004%	$13.6M	$38.8M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.104%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0039%	24h	4,355.7	+0.017%	$4.1M	$37.0M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,358.9	+0.090%	$3.8M	$4.6M	40x	as long as short
Aster XAUUSD1	+0.0043%	4h	4,359	+0.093%	$70.6M	$334.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,392.1	+0.853%	—	$1.0M	25x	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	+0.0046%	1h	4,357.2	+0.051%	$5.6M	$1.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,354.9	−0.001%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,354.9	−0.001%	$294.2M	$48.7M	25x	as long as short
Ondo Perps XAU-USD.Plong	+0.0050%	1h	4,355	long leg	$15.1M	$57.2M	25x
GRVT XAU_USDT_Perp	+0.0054%	4h	4,357.1	+0.049%	$1.4M	$3.0M	25x	as long as short
Lighter XAU	+0.0056%	1h	4,357.8	+0.066%	$20.7M	$42.3M	25x	as long as short
Variational Omni XAU	+0.0057%	4h	4,355.6	+0.016%	$48.3M	$27.9M	—	as long as short
Lighter RH XAU	+0.0064%	1h	4,360.1	+0.117%	$20.2M	$39.7M	25x	as long as short
Binance XAUUSDT	+0.0074%	4h	4,358.1	+0.072%	$412.1M	$2.10B	100x	as long as short
MEXC XAU_USDT	+0.0074%	4h	4,358.6	+0.084%	$372.4M	$318.8M	1000x	as long as short
Paradex XAU-USD-PERP	+0.0080%	8h	4,358.8	+0.089%	$19K	$5K	5x	as long as short
edgeX XAUUSDC	+0.0093%	4h	4,349.4	−0.128%	$30.3M	$58.3M	50x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,357.8	+0.064%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,355.1	+0.004%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,353.9	−0.024%	$275K	$203K	50x	as long as short
Hotstuff GOLD-PERP	+0.0120%	1h	4,355.2	+0.006%	$33K	—	25x	as long as short
Phemex XAUUSDT	+0.0122%	4h	4,359.2	+0.096%	$2.2M	$1.1M	100x	as long as short
Polymarket Perps GOLD-USD	+0.0124%	1h	4,357.8	+0.065%	$4.3M	$1.9M	20x	as long as short
Phoenix GOLD	+0.0136%	1h	4,350.3	−0.107%	$47K	$77K	25x	as long as short
Bybit XAUUSDT	+0.0199%	4h	4,359.6	+0.106%	$84.5M	$145.4M	150x	as long as short
Bullet GOLD-USD	+0.0200%	1h	4,358.4	+0.079%	$60K	$83K	10x	as long as short
Bitget XAUUSDT	+0.0212%	4h	4,359.5	+0.104%	$70.3M	$109.4M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0253%	8h	4,359.2	+0.097%	$165.2M	$282.7M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,355.2	+0.005%	$594K	$133K	25x	as long as short
BloFin XAU-USDTshort	+0.0296%	4h	4,356.2	+0.029%	$15.5M	$4.6M	100x
Deribit GOLD_USDC-PERPETUAL	+0.0301%	1h	4,357.6	+0.061%	$278K	$727K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0401% / S −0.0213%	1h	4,358.4	+0.079%	$249K	—	111x	as long as short
Bluefin GOLD-PERP	+0.0463%	1h	4,351.3	−0.085%	$25K	$14K	20x	as long as short
HTX XAU-USDT	+0.0567%	4h	4,363.2	+0.189%	$2.9M	$4.2M	75x	as long as short