Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0574%/8h= +62.8% APRpaid last 24h +0.044%

Price spread now: HTX against Ondo Perps+0.176%7-day average +0.173% · you sell dearer than you buy

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

Long on Ondo Perps Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.062%+$6 on $10k

Price spread, last 4 days (all we have)+0.036%+$4 · spread now +0.176%, 7d avg +0.173%

Together, before fees+0.098%+ Points / potential airdropOndo Perps: Active · farm board+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.173%, so right now this pair is about funding alone: +$17 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.062% in total (about 3.2% 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	Ondo Perps XAU-USD.P	4,344.4	0.0050	pay 0.0006% / 1h	32m 49s	$15.1M	$56.8M	25x
Short	HTX XAU-USDT	4,352	0.0624	get 0.0312% / 4h	32m 49s	$2.9M	$4.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Ondo Perps. 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 Ondo PerpsbpFee HTXbpOrdersPrice spread, now +0.176%Rate

Funding earned: $120.47
Price spread: +0.176% → +0.173%: $0.25
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: $103.72
Costs to cover: 0.170%
Break-even: 1.0 days

Slippage unknown: Ondo Perps: no order-book sample; HTX: live order book, 1 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 HTX live order book, 1 min ago	0.01 bp	8.5 bp −$8	11.2 bp −$112	16.8 bp −$1,677	31.3 bp −$15.7K

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
RISEx XAU/USDC	0.0000%	1h	4,347.6	+0.073%	$3.4M	$12.3M	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,352	+0.175%	$92K	$9.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,343.8	−0.014%	$271K	—	250x	as long as short
Gate XAU_USDT	+0.0006%	4h	4,348.6	+0.096%	$267.7M	$412.2M	100x	as long as short
Lighter XAU	+0.0032%	1h	4,346.1	+0.040%	$20.8M	$37.8M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,343.6	−0.018%	$13.3M	$38.6M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.139%	$619	$54	52x	as long as short
Lighter RH XAU	+0.0040%	1h	4,348.4	+0.091%	$20.1M	$39.2M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,347.3	+0.067%	$3.8M	$4.6M	40x	as long as short
QFEX GOLD-USD	+0.0041%	1h	4,347.4	+0.070%	$5.7M	$2.0M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXGOLDPERP	+0.0045%	24h	4,345.8	+0.033%	$4.2M	$37.2M	15x	as long as short
Vest GC-PERP	+0.0046%	1h	4,380.8	+0.838%	—	$1.1M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,345.1	+0.017%	$2.0M	$4.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,344.4	0.000%	$293.7M	$48.7M	25x	as long as short
Ondo Perps XAU-USD.Plong	+0.0050%	1h	4,344.4	long leg	$15.1M	$56.8M	25x
Aster XAUUSD1	+0.0064%	4h	4,347.9	+0.082%	$71.0M	$333.7M	20x	as long as short
Variational Omni XAU	+0.0080%	4h	4,346.7	+0.053%	$48.5M	$27.8M	—	as long as short
Paradex XAU-USD-PERP	+0.0085%	8h	4,347.8	+0.079%	$19K	$5K	5x	as long as short
GRVT XAU_USDT_Perp	+0.0086%	4h	4,346.6	+0.052%	$1.4M	$2.9M	25x	as long as short
MEXC XAU_USDT	+0.0092%	4h	4,347.6	+0.075%	$373.2M	$317.7M	1000x	as long as short
Binance XAUUSDT	+0.0093%	4h	4,347.6	+0.075%	$414.0M	$2.09B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,343.8	−0.013%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,343.5	−0.021%	$274K	$203K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,347	+0.061%	$161K	$87	10x	as long as short
edgeX XAUUSDC	+0.0110%	4h	4,341.5	−0.067%	$30.2M	$58.3M	50x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0118%	1h	4,345.6	+0.028%	$243K	$789K	25x	as long as short
Phoenix GOLD	+0.0142%	1h	4,347.3	+0.067%	$47K	$77K	25x	as long as short
Hotstuff GOLD-PERP	+0.0144%	1h	4,344.4	0.000%	$33K	—	25x	as long as short
Polymarket Perps GOLD-USD	+0.0151%	1h	4,347.2	+0.065%	$4.3M	$1.9M	20x	as long as short
Bluefin GOLD-PERP	+0.0171%	1h	4,340.5	−0.090%	$25K	$14K	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0194%	1h	4,344.5	+0.004%	$592K	$132K	25x	as long as short
Bullet GOLD-USD	+0.0199%	1h	4,347.8	+0.080%	$59K	$82K	10x	as long as short
Phemex XAUUSDT	+0.0212%	4h	4,350.2	+0.134%	$2.2M	$967K	100x	as long as short
Bitget XAUUSDT	+0.0234%	4h	4,347.9	+0.081%	$70.0M	$109.2M	100x	as long as short
Bybit XAUUSDT	+0.0240%	4h	4,349.1	+0.110%	$85.0M	$144.8M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0286%	8h	4,349.1	+0.109%	$165.6M	$281.8M	100x	as long as short
BloFin XAU-USDT	+0.0340%	4h	4,347.7	+0.076%	$15.6M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0413% / S −0.0231%	1h	4,347.8	+0.080%	$248K	—	111x	as long as short
HTX XAU-USDTshort	+0.0624%	4h	4,352	+0.176%	$2.9M	$4.3M	75x