Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0488%/8h= +53.4% APRpaid last 24h +0.024%

Price spread now: HTX against Aevo+0.138%7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$490.486% of the position

Long on Aevo Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$5 on $10k

Price spread, last 3 days (all we have)−0.114%−$11 · spread now +0.138%, 7d avg +0.064%

Together, before fees−0.168%−$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and HTX is 0.074% dearer against Aevo than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.064%. Mind the row above: over the last 7 days funding on this pair cost −0.055%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.055% in total (about -2.8% 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	Aevo XAU-PERP	4,347.8	0.0112	pay 0.0014% / 1h	50m 07s	$161K	$87	10x
Short	HTX XAU-USDT	4,353.8	0.0600	get 0.0300% / 4h	1h 50m	$2.8M	$4.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.138%Rate

Funding earned: $102.4
Price spread: +0.138% → +0.064%: $7.38
Slippage, 4 orders: −$20.6
Fee Aevo: 8 bp × 2 orders: −$16
Fee HTX: 6 bp × 2 orders: −$12
Net: $61.17
Costs to cover: 0.486%
Break-even: 2.8 days

Slippage from Aevo: live order book, 14 min ago; HTX: live order book, 4 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, 14 min ago	5.99 bp	15.9 bp −$16	29.4 bp −$294	doesn't fit	doesn't fit
Sell HTX live order book, 4 min ago	0.01 bp	9.9 bp −$10	13.8 bp −$138	19.4 bp −$1,945	29.0 bp −$14.5K

XAU on 38 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	−0.0084%	1h	4,342.4	−0.125%	$25K	$14K	20x	as long as short
Hotstuff GOLD-PERP	−0.0032%	1h	4,345.5	−0.054%	$33K	—	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,349.2	+0.031%	$264.1M	$405.9M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,352.7	+0.112%	$92K	$9.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,343.7	−0.095%	$269K	—	250x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,348.8	+0.021%	$3.4M	$12.4M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,343.7	−0.095%	$13.6M	$40.4M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.059%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0037%	24h	4,346.2	−0.038%	$4.1M	$36.2M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,349.3	+0.034%	$3.8M	$4.6M	40x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,381.8	+0.781%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,348.1	+0.006%	$5.6M	$1.9M	20x	as long as short
Lighter XAU	+0.0048%	1h	4,346.1	−0.039%	$20.6M	$41.9M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,346.7	−0.026%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,345.1	−0.063%	$293.3M	$48.6M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,345.2	−0.061%	$15.1M	$57.8M	25x	as long as short
Aster XAUUSD1	+0.0059%	4h	4,348.5	+0.014%	$70.0M	$329.6M	20x	as long as short
Lighter RH XAU	+0.0072%	1h	4,348.8	+0.022%	$20.1M	$39.3M	25x	as long as short
Paradex XAU-USD-PERP	+0.0085%	8h	4,348.3	+0.011%	$19K	$5K	5x	as long as short
Pacifica XAU	+0.0100%	1h	4,345.3	−0.058%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,350.6	+0.064%	$275K	$203K	50x	as long as short
Variational Omni XAU	+0.0102%	4h	4,347.9	+0.001%	$48.3M	$27.9M	—	as long as short
Polymarket Perps GOLD-USD	+0.0107%	1h	4,347.5	−0.008%	$4.3M	$1.9M	20x	as long as short
Aevo XAU-PERPlong	+0.0112%	1h	4,347.8	long leg	$161K	$87	10x
MEXC XAU_USDT	+0.0114%	4h	4,347.7	−0.004%	$371.3M	$315.9M	1000x	as long as short
Binance XAUUSDT	+0.0114%	4h	4,347.6	−0.005%	$410.1M	$2.10B	100x	as long as short
GRVT XAU_USDT_Perp	+0.0132%	4h	4,353.6	+0.132%	$1.4M	$3.0M	25x	as long as short
edgeX XAUUSDC	+0.0136%	4h	4,348.4	+0.013%	$30.3M	$58.7M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,352	+0.096%	$47K	$77K	25x	as long as short
Bullet GOLD-USD	+0.0196%	1h	4,348.5	+0.015%	$58K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0204%	4h	4,348.2	+0.009%	$83.9M	$145.0M	150x	as long as short
Bitget XAUUSDT	+0.0210%	4h	4,348	+0.003%	$69.7M	$109.2M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0249%	8h	4,348.7	+0.020%	$164.5M	$282.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0270%	1h	4,345.3	−0.059%	$593K	$133K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0279%	1h	4,346	−0.042%	$259K	$703K	25x	as long as short
Phemex XAUUSDT	+0.0343%	4h	4,350.5	+0.061%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0398% / S −0.0207%	1h	4,348.5	+0.015%	$251K	—	111x	as long as short
HTX XAU-USDTshort	+0.0600%	4h	4,353.8	+0.138%	$2.8M	$4.2M	75x