Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0137%/8h= −15.1% APRpaid last 24h +0.151%

Price spread now: Bluefin against Bitget−0.112%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Bluefin

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bluefin is 0.112% cheaper against Bitget than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XAUUSDT	4,315.9	0.0192	pay 0.0096% / 4h	10m 06s	$70.5M	$120.1M	100x
Short	Bluefin GOLD-PERP	4,311	0.0055	get 0.0007% / 1h	10m 06s	$25K	$1K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bluefin against Bitget. 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 BitgetbpFee BluefinbpOrdersPrice spread, now −0.112%Rate

Funding earned: −$28.86
Price spread: −0.112% → 0.000%: −$11.17
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bluefin: 3.5 bp × 2 orders: −$7
Net: −$59.03
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 4 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 4 min ago	0.01 bp	6.0 bp −$6	6.6 bp −$66	10.7 bp −$1,073	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX XAU-USDT	0.0000%	4h	4,320.5	+0.108%	$92K	$7.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,313	−0.067%	$269K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.801%	$619	$54	52x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,315.8	−0.001%	$5.4M	$2.7M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,349.5	+0.780%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,312.5	−0.078%	$290.6M	$51.8M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,313.8	−0.047%	$15.0M	$55.4M	25x	as long as short
Bluefin GOLD-PERPshort	+0.0055%	1h	4,311	−0.112%	$25K	$1K	20x
Aster XAUUSD1	+0.0058%	4h	4,318	+0.049%	$73.0M	$271.8M	20x	as long as short
Paradex XAU-USD-PERP	+0.0063%	8h	4,315.9	+0.002%	$2K	$14K	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit XAUUSDT	+0.0069%	4h	4,316.9	+0.024%	$77.8M	$153.7M	150x	as long as short
Lighter XAU	+0.0072%	1h	4,315.8	−0.002%	$20.3M	$30.1M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,312.8	−0.071%	$2.0M	$5.1M	25x	as long as short
StandX XAU-USD	+0.0096%	1h	4,319.8	+0.092%	$3.8M	$4.5M	40x	as long as short
Hotstuff GOLD-PERP	+0.0096%	1h	4,313	−0.066%	$32K	—	25x	as long as short
Phoenix GOLD	+0.0096%	1h	4,315.7	−0.003%	$42K	$79K	25x	as long as short
Kalshi KXGOLDPERP	+0.0098%	24h	4,318.2	+0.054%	$3.6M	$45.0M	15x	as long as short
Variational Omni XAU	+0.0100%	4h	4,316.5	+0.014%	$47.1M	$29.0M	—	as long as short
Pacifica XAU	+0.0100%	1h	4,313.4	−0.057%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,315.6	−0.007%	$272K	$209K	50x	as long as short
Lighter RH XAU	+0.0104%	1h	4,318.2	+0.054%	$19.9M	$40.1M	25x	as long as short
Extended XAU-USD	+0.0104%	1h	4,313.1	−0.063%	$13.2M	$36.6M	25x	as long as short
MEXC XAU_USDT	+0.0110%	4h	4,316.5	+0.014%	$363.2M	$336.1M	1000x	as long as short
Binance XAUUSDT	+0.0110%	4h	4,316.5	+0.014%	$429.5M	$2.14B	100x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,316.4	+0.013%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0112%	4h	4,309.9	−0.137%	$30.0M	$60.5M	50x	as long as short
GRVT XAU_USDT_Perp	+0.0114%	4h	4,319.3	+0.081%	$1.4M	$3.0M	25x	as long as short
Gate XAU_USDT	+0.0116%	4h	4,317.7	+0.043%	$287.7M	$427.8M	100x	as long as short
Bitget XAUUSDTlong	+0.0192%	4h	4,315.9	long leg	$70.5M	$120.1M	100x
Bullet GOLD-USD	+0.0201%	1h	4,316.9	+0.024%	$59K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0222%	1h	4,317.7	+0.043%	$4.3M	$1.8M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0228%	1h	4,314.1	−0.039%	$574K	$138K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0237%	1h	4,315.8	−0.001%	$160K	$877K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0266%	8h	4,316.6	+0.017%	$175.2M	$303.0M	100x	as long as short
BloFin XAU-USDT	+0.0351%	4h	4,317.1	+0.029%	$16.6M	$4.9M	100x	as long as short
Phemex XAUUSDT	+0.0414%	4h	4,319.3	+0.080%	$2.2M	$949K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0466% / S −0.0312%	1h	4,316.5	+0.014%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.0529%	4h	4,323.7	+0.182%	$3.2M	$6.0M	75x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,316.9	+0.024%	$4.5M	$13.2M	25x	as long as short