Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0288%/8h= −31.5% APRpaid last 24h −0.084%

Price spread now: Aevo against BloFin+0.009%53s7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as 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−$420.415% of the position

Long on BloFin Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.348%−$35 on $10k

Price spread, last 4 days (all we have)−0.044%−$4 · spread now +0.009%, 7d avg −0.019%

Together, before fees−0.392%−$39 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aevo is 0.028% dearer against BloFin than usual: you sell high and buy low (spread +0.009% now, against its 7-day average of −0.019%): +$3 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 8 hours. 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	BloFin XAU-USDT	4,362.4	0.0408	pay 0.0204% / 4h	3h 07m	$16.4M	$6.3M	100x
Short	Aevo XAU-PERP	4,362.8	0.0120	get 0.0015% / 1h	7m 36s	$162K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against BloFin. 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 BloFinbpFee AevobpOrdersPrice spread, now +0.009%Rate

Funding earned: −$60.44
Price spread: +0.009% → −0.019%: $2.82
Slippage, 4 orders: −$13.51
Fee BloFin: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$99.13
Costs to cover: 0.415%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; Aevo: live order book, 54 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 BloFin live order book, 4 min ago	0.02 bp	6.0 bp −$6	6.0 bp −$60	7.3 bp −$727	doesn't fit
Sell Aevo live order book, 54 min ago	5.88 bp	14.6 bp −$15	24.8 bp −$248	doesn't fit	doesn't fit

XAU on 39 exchanges

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	4,366.8	+0.101%	$93K	$1.2M	20x	as long as short
Phemex XAUUSDT	0.0000%	4h	4,362.4	+0.001%	$2.3M	$183K	100x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0002%	1h	4,359.3	−0.072%	$349K	—	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0032%	1h	4,359.3	−0.071%	$1.9M	$3.6M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,320.9	−0.952%	$615	$143K	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,362.8	+0.009%	$3.8M	$1.6M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,361.6	−0.018%	$6.1M	$4.7M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,397.6	+0.807%	—	$250K	25x	as long as short
Hotstuff GOLD-PERP	+0.0048%	1h	4,361.4	−0.023%	$36K	$4K	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,360.5	−0.044%	$14.2M	$70.3M	25x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXGOLDPERP	+0.0056%	24h	4,360.3	−0.048%	$4.2M	$53.0M	15x	as long as short
Gate XAU_USDT	+0.0070%	4h	4,364.1	+0.040%	$282.3M	$452.4M	100x	as long as short
Paradex XAU-USD-PERP	+0.0074%	8h	4,363.2	+0.019%	$3K	$11K	5x	as long as short
Aster XAUUSD1	+0.0082%	4h	4,364.2	+0.041%	$74.4M	$216.7M	20x	as long as short
Polymarket Perps GOLD-USD	+0.0083%	1h	4,361.8	−0.014%	$4.4M	$1.4M	20x	as long as short
Lighter XAU	+0.0088%	1h	4,363	+0.015%	$20.0M	$28.2M	25x	as long as short
RISEx XAU/USDC	+0.0088%	1h	4,363.5	+0.026%	$3.6M	$16.9M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,360.9	−0.034%	$1.4M	$1.5M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,358.3	−0.093%	$290K	$223K	50x	as long as short
tradeXYZ xyz:GOLD	+0.0101%	1h	4,361.4	−0.023%	$297.1M	$46.9M	25x	as long as short
Bullet GOLD-USD	+0.0102%	1h	4,362.5	+0.002%	$53K	$68K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0117%	1h	4,361.3	−0.025%	$195K	$481K	25x	as long as short
Aevo XAU-PERPshort	+0.0120%	1h	4,362.8	+0.009%	$162K	—	10x
Extended XAU-USD	+0.0128%	1h	4,359.7	−0.061%	$11.8M	$37.2M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0140%	4h	4,361.5	−0.021%	$1.4M	$2.8M	25x	as long as short
Lighter RH XAU	+0.0152%	1h	4,364.8	+0.055%	$20.3M	$39.2M	25x	as long as short
Variational Omni XAU	+0.0161%	4h	4,361.7	−0.016%	$45.7M	$28.9M	—	as long as short
MEXC XAU_USDT	+0.0168%	4h	4,362.5	+0.003%	$365.8M	$339.2M	1000x	as long as short
Binance XAUUSDT	+0.0168%	4h	4,362.5	+0.001%	$422.0M	$2.42B	100x	as long as short
Phoenix GOLD	+0.0172%	1h	4,361.6	−0.018%	$24K	$71K	25x	as long as short
edgeX XAUUSDC	+0.0183%	4h	4,356.5	−0.135%	$30.3M	$66.5M	50x	as long as short
Kraken Futures PF_XAUUSD	+0.0233%	1h	4,360.5	−0.043%	$585K	$202K	25x	as long as short
Bitget XAUUSDT	+0.0234%	4h	4,362.2	−0.005%	$67.2M	$142.6M	100x	as long as short
Bybit XAUUSDT	+0.0261%	4h	4,363.9	+0.035%	$92.0M	$170.6M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0277%	8h	4,362.8	+0.009%	$163.2M	$359.3M	100x	as long as short
Bluefin GOLD-PERP	+0.0326%	1h	4,356.3	−0.139%	$25K	$564	20x	as long as short
BloFin XAU-USDTlong	+0.0408%	4h	4,362.4	long leg	$16.4M	$6.3M	100x
HTX XAU-USDT	+0.0505%	4h	4,366.6	+0.095%	$3.2M	$5.2M	75x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0543% / S −0.0398%	1h	4,362.2	−0.005%	$250K	—	111x	as long as short