Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0241%/8h= −26.3% APRpaid last 24h −0.077%

Price spread now: ApeX Omni against BloFin−0.050%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$460.465% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.316%−$32 on $10k

Price spread, last 4 days (all we have)−0.031%−$3 · spread now −0.050%, 7d avg −0.049%

Together, before fees−0.347%−$35 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.049%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XAU-USDT	4,324.9	0.0341	pay 0.0170% / 4h	32m 25s	$16.4M	$4.6M	100x
Short	ApeX Omni XAUUSDT	4,322.7	0.0100	get 0.0013% / 1h	32m 25s	$272K	$208K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.050%Rate

Funding earned: −$50.53
Price spread: −0.050% → −0.049%: −$0.19
Slippage, 4 orders: −$24.48
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$97.2
Costs to cover: 0.465%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 min ago; ApeX Omni: live order book, 5 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, 6 min ago	0.01 bp	6.0 bp −$6	6.1 bp −$61	7.6 bp −$760	doesn't fit
Sell ApeX Omni live order book, 5 min ago	5.20 bp	16.4 bp −$16	29.3 bp −$293	40.5 bp −$4,051	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	−0.0097%	1h	4,320.3	−0.107%	$25K	$1K	20x	as long as short
Hotstuff GOLD-PERP	−0.0096%	1h	4,322.5	−0.055%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,330.1	+0.120%	$92K	$7.3M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,321.6	−0.076%	$270K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.590%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,327.2	+0.053%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,323.3	−0.037%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,356.6	+0.733%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,321	−0.090%	$291.7M	$51.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,320.5	−0.101%	$15.0M	$55.6M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit XAUUSDT	+0.0053%	4h	4,325.1	+0.005%	$77.6M	$152.8M	150x	as long as short
Aster XAUUSD1	+0.0057%	4h	4,325.9	+0.023%	$72.9M	$272.0M	20x	as long as short
Lighter XAU	+0.0064%	1h	4,323.8	−0.025%	$20.5M	$29.4M	25x	as long as short
Paradex XAU-USD-PERP	+0.0065%	8h	4,323.9	−0.022%	$2K	$14K	5x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,322.2	−0.062%	$2.1M	$4.8M	25x	as long as short
Variational Omni XAU	+0.0089%	4h	4,324.9	0.000%	$47.2M	$29.3M	—	as long as short
Kalshi KXGOLDPERP	+0.0092%	24h	4,327.4	+0.058%	$3.8M	$44.6M	15x	as long as short
Phoenix GOLD	+0.0096%	1h	4,323.3	−0.037%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,321	−0.091%	$1.4M	$1.2M	10x	as long as short
MEXC XAU_USDT	+0.0100%	4h	4,324.3	−0.014%	$362.9M	$327.8M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0100%	4h	4,326.8	+0.043%	$1.4M	$3.0M	25x	as long as short
ApeX Omni XAUUSDTshort	+0.0100%	1h	4,322.7	−0.050%	$272K	$208K	50x
Binance XAUUSDT	+0.0101%	4h	4,324.2	−0.017%	$425.0M	$2.13B	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,325.1	+0.006%	$160K	$87	10x	as long as short
Gate XAU_USDT	+0.0108%	4h	4,326.8	+0.044%	$285.5M	$416.5M	100x	as long as short
edgeX XAUUSDC	+0.0117%	4h	4,323.1	−0.042%	$30.1M	$59.6M	50x	as long as short
Lighter RH XAU	+0.0120%	1h	4,326.4	+0.036%	$20.0M	$39.1M	25x	as long as short
Extended XAU-USD	+0.0128%	1h	4,320.6	−0.099%	$13.2M	$36.8M	25x	as long as short
Bitget XAUUSDT	+0.0194%	4h	4,324.1	−0.018%	$70.1M	$118.5M	100x	as long as short
Bullet GOLD-USD	+0.0206%	1h	4,324.4	−0.011%	$58K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0219%	1h	4,324.4	−0.011%	$4.3M	$1.9M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0228%	1h	4,322.9	−0.045%	$578K	$135K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0259%	1h	4,324	−0.021%	$163K	$871K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0276%	8h	4,324.9	0.000%	$173.8M	$299.0M	100x	as long as short
BloFin XAU-USDTlong	+0.0341%	4h	4,324.9	long leg	$16.4M	$4.6M	100x
Phemex XAUUSDT	+0.0364%	4h	4,327.8	+0.068%	$2.2M	$975K	100x	as long as short
HTX XAU-USDT	+0.0418%	4h	4,331.1	+0.142%	$3.2M	$5.9M	75x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,325.9	+0.022%	$253K	—	111x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,325	+0.003%	$4.6M	$13.3M	25x	as long as short