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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0060%/8h= +6.6% APRnext payment +$0.07 per $10,000 · paid last 24h +0.237%
Price spread now: Bluefin against StandX−0.180%50s7-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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropStandX: Active · farm boardneeds both histories
Funding pays, the price is against you. Bluefin is 0.180% cheaper against StandX than usual: you would sell low and buy high (spread −0.180% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 10.0 days of funding at the current rate (+$2 a day). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX XAU-USD4,3630.0040pay 0.0005% / 1h59m 32s$3.8M$4.7M40x
ShortBluefin GOLD-PERP4,355.20.0100get 0.0013% / 1h59m 32s$26K$22K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bluefin against StandX. 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
$12.6
Price spread: −0.180% → 0.000%
−$17.99
Slippage, 4 orders
no order book: not counted
Fee StandX: 4 bp × 2 orders
−$8
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
−$20.39
Costs to cover
0.150%
Break-even
18.3 days
Slippage unknown: StandX: live order book, 5 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 StandX live order book, 5 min ago2.06 bp7.3 bp −$77.9 bp −$7910.1 bp −$1,00711.6 bp −$5,793
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
Aster XAUUSD10.0000%4h4,363.3+0.007%$69.8M$240.4M20xas long as short
Gate XAU_USDT0.0000%4h4,363.2+0.004%$265.2M$400.0M100xas long as short
Kalshi KXGOLDPERP0.0000%24h4,359.7−0.076%$4.0M$36.7M15xas long as short
SunX XAU-USDT0.0000%4h4,367.3+0.098%$93K$10.0M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,358.4−0.107%$269K250xas long as short
Extended XAU-USD+0.0032%1h4,359.1−0.089%$13.5M$43.5M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.288%$619$5452xas long as short
Variational Omni XAU+0.0040%4h4,362−0.023%$48.4M$28.5Mas long as short
StandX XAU-USDlong+0.0040%1h4,363long leg$3.8M$4.7M40x
QFEX GOLD-USD+0.0045%1h4,362.7−0.007%$5.6M$1.9M20xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest GC-PERP+0.0046%1h4,396.2+0.761%$1.0M25xas long as short
Hotstuff GOLD-PERP+0.0048%1h4,359.9−0.071%$33K25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,358.3−0.108%$294.1M$51.8M25xas long as short
Polymarket Perps GOLD-USD+0.0050%1h4,361−0.046%$4.3M$1.8M20xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,358.8−0.096%$14.8M$57.3M25xas long as short
Phoenix GOLD+0.0055%1h4,359.6−0.078%$48K$64K25xas long as short
MEXC XAU_USDT+0.0058%4h4,362.3−0.017%$372.4M$318.3M1000xas long as short
Binance XAUUSDT+0.0060%4h4,362.8−0.005%$411.6M$2.12B100xas long as short
edgeX XAUUSDC+0.0063%4h4,356.5−0.148%$30.3M$60.4M50xas long as short
Lighter XAU+0.0072%1h4,361.8−0.027%$20.6M$43.2M25xas long as short
Paradex XAU-USD-PERP+0.0088%8h4,363.3+0.008%$19K$5K5xas long as short
Lighter RH XAU+0.0096%1h4,364.4+0.031%$20.2M$40.5M25xas long as short
Aevo XAU-PERP+0.0096%1h4,361.7−0.029%$162K$8710xas long as short
Coinbase International GOLD-PERP-INTX+0.0096%1h4,358.5−0.103%$2.0M$5.0M25xas long as short
Pacifica XAU+0.0100%1h4,360.1−0.066%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,359.2−0.088%$275K$204K50xas long as short
Bluefin GOLD-PERPshort+0.0100%1h4,355.2−0.180%$26K$22K20x
Bitget XAUUSDT+0.0112%4h4,362.5−0.013%$69.6M$111.4M100xas long as short
RISEx XAU/USDC+0.0135%1h4,362.9−0.003%$3.4M$12.4M25xas long as short
GRVT XAU_USDT_Perp+0.0152%4h4,362.3−0.017%$1.4M$3.1M25xas long as short
Bullet GOLD-USD+0.0155%1h4,362.6−0.010%$59K$82K10xas long as short
Bybit XAUUSDT+0.0195%4h4,363.6+0.014%$83.7M$145.0M150xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0209%1h4,360.6−0.055%$235K$658K25xas long as short
OKX XAU-USDT-SWAP+0.0216%8h4,363.7+0.016%$164.3M$286.7M100xas long as short
BloFin XAU-USDT+0.0225%4h4,362.7−0.006%$15.4M$4.6M100xas long as short
Kraken Futures PF_XAUUSD+0.0225%1h4,359.7−0.075%$595K$141K25xas long as short
Phemex XAUUSDT+0.0323%4h4,365.5+0.057%$2.2M$1.1M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0394% / S −0.0199%1h4,362.9−0.002%$254K111xas long as short
HTX XAU-USDT+0.0559%4h4,367.1+0.095%$2.9M$3.9M75xas long as short