Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0236%/8h= +25.8% APRpaid last 24h +0.074%

Price spread now: BloFin against Aevo+0.043%53s7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$440.443% of the position

Long on Aevo Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.309%+$31 on $10k

Price spread, last 4 days (all we have)−0.030%−$3 · spread now +0.043%, 7d avg +0.022%

Together, before fees+0.278%+$28 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.022% dearer against Aevo than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.022%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo XAU-PERP	4,324.5	0.0104	pay 0.0013% / 1h	46m 10s	$160K	$87	10x
Short	BloFin XAU-USDT	4,326.3	0.0340	get 0.0170% / 4h	46m 10s	$16.4M	$4.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Aevo. 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 AevobpFee BloFinbpOrdersPrice spread, now +0.043%Rate

Funding earned: $49.46
Price spread: +0.043% → +0.022%: $2.16
Slippage, 4 orders: −$16.26
Fee Aevo: 8 bp × 2 orders: −$16
Fee BloFin: 6 bp × 2 orders: −$12
Net: $7.36
Costs to cover: 0.443%
Break-even: 6.0 days

Slippage from Aevo: live order book, 58 min ago; BloFin: live order book, 3 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 Aevo live order book, 58 min ago	5.71 bp	15.3 bp −$15	28.5 bp −$285	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	0.59 bp	6.6 bp −$7	6.6 bp −$66	7.4 bp −$739	doesn't fit

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
Bluefin GOLD-PERP	−0.0151%	1h	4,318.3	−0.142%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,329.2	+0.109%	$92K	$7.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,320.6	−0.089%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0029%	4h	4,325.7	+0.029%	$77.6M	$153.2M	150x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.600%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,326.2	+0.040%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,324.8	+0.008%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,357.9	+0.773%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,320.6	−0.089%	$291.7M	$51.6M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,321	−0.081%	$15.0M	$55.7M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XAUUSD1	+0.0060%	4h	4,326.4	+0.045%	$72.9M	$272.6M	20x	as long as short
Lighter XAU	+0.0064%	1h	4,323.8	−0.016%	$20.3M	$29.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0064%	1h	4,321.1	−0.078%	$32K	—	25x	as long as short
Paradex XAU-USD-PERP	+0.0069%	8h	4,324.7	+0.006%	$2K	$14K	5x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,322.4	−0.048%	$2.1M	$4.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0088%	24h	4,327.1	+0.061%	$3.8M	$44.5M	15x	as long as short
Variational Omni XAU	+0.0092%	4h	4,321	−0.080%	$47.3M	$29.0M	—	as long as short
Phoenix GOLD	+0.0096%	1h	4,319.3	−0.119%	$47K	$79K	25x	as long as short
Gate XAU_USDT	+0.0098%	4h	4,326.2	+0.039%	$279.6M	$411.8M	100x	as long as short
MEXC XAU_USDT	+0.0098%	4h	4,324.5	+0.001%	$364.1M	$325.8M	1000x	as long as short
Binance XAUUSDT	+0.0099%	4h	4,324.8	+0.007%	$425.5M	$2.14B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,322.8	−0.038%	$1.4M	$1.2M	10x	as long as short
GRVT XAU_USDT_Perp	+0.0100%	4h	4,323.9	−0.012%	$1.4M	$3.0M	25x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,319.8	−0.107%	$272K	$208K	50x	as long as short
Aevo XAU-PERPlong	+0.0104%	1h	4,324.5	long leg	$160K	$87	10x
edgeX XAUUSDC	+0.0106%	4h	4,317.6	−0.159%	$30.0M	$59.6M	50x	as long as short
Lighter RH XAU	+0.0120%	1h	4,325.9	+0.034%	$20.0M	$38.7M	25x	as long as short
Extended XAU-USD	+0.0152%	1h	4,320.9	−0.082%	$13.2M	$36.8M	25x	as long as short
Bullet GOLD-USD	+0.0200%	1h	4,325.3	+0.020%	$59K	$80K	10x	as long as short
Bitget XAUUSDT	+0.0200%	4h	4,324.3	−0.003%	$70.3M	$118.9M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0213%	1h	4,323	−0.034%	$163K	$867K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0216%	1h	4,325.4	+0.022%	$4.3M	$2.0M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0228%	1h	4,322.5	−0.045%	$578K	$135K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0285%	8h	4,324.6	+0.003%	$173.7M	$300.7M	100x	as long as short
BloFin XAU-USDTshort	+0.0340%	4h	4,326.3	+0.043%	$16.4M	$4.6M	100x
Phemex XAUUSDT	+0.0366%	4h	4,327	+0.058%	$2.2M	$974K	100x	as long as short
HTX XAU-USDT	+0.0372%	4h	4,331	+0.151%	$3.2M	$5.9M	75x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,324.9	+0.010%	$253K	—	111x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,326.2	+0.040%	$4.5M	$13.4M	25x	as long as short