Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.1020%/8h= +111.6% APRpaid last 24h +0.080%

Price spread now: HTX against RISEx+0.214%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$6as in the Price arb table

costs, in and out, $10k−$230.234% of the position

Long on RISEx Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.019%+$2 on $10k

Price spread, last 4 days (all we have)−0.059%−$6 · spread now +0.214%, 7d avg +0.043%

Together, before fees−0.039%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$31 a day on $10k at the current rate, and HTX is 0.171% dearer against RISEx than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.043%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.019% in total (about 1.9% 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	RISEx XAU/USDC	4,306.7	0.0126	pay 0.0016% / 1h	33m 47s	$4.4M	$13.1M	25x
Short	HTX XAU-USDT	4,316	0.1145	get 0.0573% / 4h	3h 33m	$3.2M	$6.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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

Position, each leg$Hold fordaysFee RISExbpFee HTXbpOrdersPrice spread, now +0.214%Rate

Funding earned: $214.1
Price spread: +0.214% → +0.043%: $17.1
Slippage, 4 orders: −$5.36
Fee RISEx: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: $207.84
Costs to cover: 0.234%
Break-even: 0.2 days

Slippage from RISEx: live order book, 5 min ago; HTX: live order book, 5 min ago.

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 RISEx live order book, 5 min ago	0.70 bp	3.7 bp −$4	4.8 bp −$48	36.8 bp −$3,680	doesn't fit
Sell HTX live order book, 5 min ago	0.01 bp	9.6 bp −$10	12.9 bp −$129	22.0 bp −$2,197	34.2 bp −$17.1K

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
Hotstuff GOLD-PERP	−0.0032%	1h	4,305.5	−0.029%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,311.7	+0.116%	$92K	$6.8M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,303.6	−0.074%	$278K	—	250x	as long as short
GRVT XAU_USDT_Perp	+0.0012%	4h	4,308	+0.031%	$1.4M	$3.0M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+1.014%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,306.8	+0.002%	$3.8M	$4.5M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,338.7	+0.742%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,306	−0.017%	$6.6M	$3.1M	20x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,302.9	−0.089%	$290.9M	$54.0M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,304.2	−0.059%	$4.3M	$1.8M	20x	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	4,302.7	−0.093%	$15.0M	$55.8M	25x	as long as short
Aster XAUUSD1	+0.0052%	4h	4,307.9	+0.028%	$73.4M	$272.0M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,305.8	−0.022%	$2.0M	$5.1M	25x	as long as short
Paradex XAU-USD-PERP	+0.0061%	8h	4,306.6	−0.004%	$2K	$13K	5x	as long as short
Extended XAU-USD	+0.0072%	1h	4,303.5	−0.076%	$13.1M	$36.2M	25x	as long as short
Lighter XAU	+0.0080%	1h	4,307.1	+0.008%	$20.3M	$28.9M	25x	as long as short
Variational Omni XAU	+0.0089%	4h	4,305.9	−0.019%	$46.6M	$29.2M	—	as long as short
Phoenix GOLD	+0.0095%	1h	4,306.1	−0.015%	$42K	$86K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,303.3	−0.079%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,305.2	−0.036%	$275K	$218K	50x	as long as short
MEXC XAU_USDT	+0.0102%	4h	4,307.3	+0.013%	$353.3M	$337.9M	1000x	as long as short
Lighter RH XAU	+0.0104%	1h	4,309.8	+0.070%	$19.8M	$39.9M	25x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,306.4	−0.007%	$159K	$87	10x	as long as short
Binance XAUUSDT	+0.0104%	4h	4,306.9	+0.004%	$434.1M	$2.23B	100x	as long as short
Kalshi KXGOLDPERP	+0.0110%	24h	4,311.3	+0.106%	$3.7M	$46.5M	15x	as long as short
edgeX XAUUSDC	+0.0111%	4h	4,306.8	+0.001%	$30.0M	$61.5M	50x	as long as short
Bybit XAUUSDT	+0.0119%	4h	4,307.1	+0.008%	$77.4M	$157.7M	150x	as long as short
RISEx XAU/USDClong	+0.0126%	1h	4,306.7	long leg	$4.4M	$13.1M	25x
Gate XAU_USDT	+0.0160%	4h	4,309.6	+0.067%	$296.6M	$427.4M	100x	as long as short
Bitget XAUUSDT	+0.0190%	4h	4,305.7	−0.025%	$70.6M	$125.3M	100x	as long as short
Bullet GOLD-USD	+0.0196%	1h	4,307.5	+0.017%	$58K	$81K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0238%	1h	4,307.7	+0.023%	$134K	$846K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0249%	8h	4,306.6	−0.003%	$171.4M	$330.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0328%	1h	4,305.5	−0.029%	$573K	$138K	25x	as long as short
BloFin XAU-USDT	+0.0369%	4h	4,307.1	+0.009%	$16.2M	$5.0M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0467% / S −0.0314%	1h	4,307.9	+0.027%	$255K	—	111x	as long as short
Phemex XAUUSDT	+0.0486%	4h	4,311.9	+0.120%	$2.2M	$956K	100x	as long as short
HTX XAU-USDTshort	+0.1145%	4h	4,316	+0.214%	$3.2M	$6.2M	75x
Bluefin GOLD-PERP	+0.4125%	1h	4,306.6	−0.003%	$25K	$1K	20x	as long as short