Settings8H · net · $10k
Funding arb · Price arb /

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0409%/8h= +44.8% APRnext payment +$0.51 per $10,000 · paid last 24h +0.216%
Price spread now: Bluefin against RISEx−0.127%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Bluefin is 0.127% cheaper against RISEx than usual: you would sell low and buy high (spread −0.127% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 25 hours of funding at the current rate (+$12 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx XAU/USDC4,357.40.0010pay 0.0001% / 1h23m 21s$3.4M$12.4M25x
ShortBluefin GOLD-PERP4,351.80.0419get 0.0052% / 1h23m 21s$25K$14K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bluefin against RISEx. 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

Funding earned
$85.82
Price spread: −0.127% → 0.000%
−$12.74
Slippage, 4 orders
no order book: not counted
Fee RISEx: 3 bp × 2 orders
−$6
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
$60.09
Costs to cover
0.130%
Break-even
2.1 days
Slippage unknown: RISEx: live order book, 1 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
LegHalf-spread$10k$100k$1M$5M
Buy RISEx live order book, 1 min ago0.01 bp3.0 bp −$34.2 bp −$4234.7 bp −$3,469doesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX XAU-USDT0.0000%4h4,362.3+0.112%$93K$9.2M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,354.6−0.064%$267K250xas long as short
Gate XAU_USDT+0.0006%4h4,359+0.038%$264.6M$413.2M100xas long as short
RISEx XAU/USDClong+0.0010%1h4,357.4long leg$3.4M$12.4M25x
Extended XAU-USD+0.0032%1h4,354.3−0.071%$13.6M$38.9M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.159%$619$5452xas long as short
Kalshi KXGOLDPERP+0.0039%24h4,356.4−0.022%$4.1M$37.0M15xas long as short
StandX XAU-USD+0.0040%1h4,359.3+0.044%$3.8M$4.6M40xas long as short
Aster XAUUSD1+0.0043%4h4,358.1+0.018%$70.6M$333.9M20xas long as short
Vest GC-PERP+0.0046%1h4,391.3+0.779%$1.0M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX GOLD-USD+0.0046%1h4,357−0.008%$5.6M$1.9M20xas long as short
Coinbase International GOLD-PERP-INTX+0.0048%1h4,355.7−0.038%$2.0M$4.9M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,354.5−0.066%$294.2M$48.7M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,353.8−0.083%$15.1M$57.2M25xas long as short
GRVT XAU_USDT_Perp+0.0054%4h4,357.1−0.006%$1.4M$3.0M25xas long as short
Lighter XAU+0.0056%1h4,356.8−0.013%$20.7M$42.3M25xas long as short
Variational Omni XAU+0.0057%4h4,355.6−0.040%$48.3M$27.9Mas long as short
Lighter RH XAU+0.0064%1h4,359+0.038%$20.2M$39.7M25xas long as short
MEXC XAU_USDT+0.0072%4h4,357.9+0.012%$372.1M$319.0M1000xas long as short
Binance XAUUSDT+0.0073%4h4,357.9+0.013%$412.1M$2.10B100xas long as short
Paradex XAU-USD-PERP+0.0080%8h4,357.8+0.010%$19K$5K5xas long as short
edgeX XAUUSDC+0.0090%4h4,351.8−0.129%$30.3M$58.4M50xas long as short
Aevo XAU-PERP+0.0096%1h4,357.1−0.006%$161K$8710xas long as short
Pacifica XAU+0.0100%1h4,354.4−0.068%$1.4M$1.1M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,354.7−0.061%$275K$203K50xas long as short
Hotstuff GOLD-PERP+0.0104%1h4,354.5−0.066%$33K25xas long as short
Phemex XAUUSDT+0.0123%4h4,358.8+0.032%$2.2M$1.1M100xas long as short
Polymarket Perps GOLD-USD+0.0123%1h4,357−0.008%$4.3M$1.9M20xas long as short
Phoenix GOLD+0.0136%1h4,356.1−0.029%$48K$77K25xas long as short
Bybit XAUUSDT+0.0199%4h4,359.8+0.056%$84.5M$145.4M150xas long as short
Bullet GOLD-USD+0.0199%1h4,358+0.014%$60K$83K10xas long as short
Bitget XAUUSDT+0.0212%4h4,358.8+0.033%$70.3M$109.4M100xas long as short
OKX XAU-USDT-SWAP+0.0253%8h4,358.9+0.035%$165.2M$282.8M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0255%1h4,357.3−0.002%$278K$727K25xas long as short
Kraken Futures PF_XAUUSD+0.0269%1h4,354.8−0.059%$594K$133K25xas long as short
BloFin XAU-USDT+0.0296%4h4,356.2−0.027%$15.5M$4.6M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0401% / S −0.0214%1h4,358.4+0.024%$249K111xas long as short
Bluefin GOLD-PERPshort+0.0419%1h4,351.8−0.127%$25K$14K20x
HTX XAU-USDT+0.0568%4h4,363.4+0.138%$2.9M$4.2M75xas long as short