Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0281%/8h= +30.8% APRpaid last 24h +0.143%

Price spread now: Bluefin against BloFin−0.149%54s7-day average — · you buy dearer than you sell

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

Long on BloFin 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

Funding pays, the price is against you. Bluefin is 0.149% cheaper against BloFin than usual: you would sell low and buy high (spread −0.149% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 43 hours of funding at the current rate (+$8 a day). The two prices were read 54 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	4,356	0.0298	pay 0.0149% / 4h	1h 25m	$15.5M	$4.6M	100x
Short	Bluefin GOLD-PERP	4,349.5	0.0580	get 0.0072% / 1h	25m 40s	$25K	$14K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bluefin 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 BluefinbpOrdersPrice spread, now −0.149%Rate

Funding earned: $59.07
Price spread: −0.149% → 0.000%: −$14.94
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bluefin: 3.5 bp × 2 orders: −$7
Net: $25.12
Costs to cover: 0.190%
Break-even: 4.0 days

Slippage unknown: BloFin: live order book, 3 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 BloFin live order book, 3 min ago	0.03 bp	6.0 bp −$6	6.0 bp −$60	6.7 bp −$668	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	4,361.9	+0.134%	$93K	$9.2M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,352.6	−0.078%	$267K	—	250x	as long as short
Gate XAU_USDT	+0.0008%	4h	4,359	+0.068%	$264.9M	$412.5M	100x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,357.7	+0.039%	$3.4M	$12.4M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,354	−0.045%	$13.6M	$38.9M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.128%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0039%	24h	4,354.7	−0.030%	$4.1M	$37.0M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,356.4	+0.009%	$3.8M	$4.6M	40x	as long as short
Aster XAUUSD1	+0.0043%	4h	4,357.9	+0.043%	$70.5M	$333.9M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,389.7	+0.774%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USD	+0.0046%	1h	4,355.8	−0.005%	$5.6M	$1.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,352.2	−0.087%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,354.3	−0.039%	$294.2M	$48.8M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,354.4	−0.038%	$15.1M	$57.3M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0052%	4h	4,353.7	−0.054%	$1.4M	$3.0M	25x	as long as short
Lighter XAU	+0.0056%	1h	4,356.8	+0.019%	$20.7M	$42.3M	25x	as long as short
Variational Omni XAU	+0.0057%	4h	4,355.6	−0.008%	$48.3M	$27.9M	—	as long as short
Lighter RH XAU	+0.0064%	1h	4,359.1	+0.070%	$20.2M	$39.7M	25x	as long as short
MEXC XAU_USDT	+0.0074%	4h	4,357.9	+0.043%	$372.4M	$318.8M	1000x	as long as short
Binance XAUUSDT	+0.0074%	4h	4,357.7	+0.039%	$413.2M	$2.10B	100x	as long as short
Paradex XAU-USD-PERP	+0.0081%	8h	4,357.8	+0.041%	$19K	$5K	5x	as long as short
edgeX XAUUSDC	+0.0087%	4h	4,349.1	−0.159%	$30.3M	$58.2M	50x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,355.4	−0.014%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,354.4	−0.037%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,351	−0.115%	$275K	$202K	50x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0118%	1h	4,354.6	−0.032%	$258K	$707K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0126%	1h	4,355.6	−0.009%	$4.3M	$1.9M	20x	as long as short
Phemex XAUUSDT	+0.0127%	4h	4,357.1	+0.026%	$2.2M	$1.1M	100x	as long as short
Phoenix GOLD	+0.0136%	1h	4,350.3	−0.131%	$47K	$77K	25x	as long as short
Bybit XAUUSDT	+0.0199%	4h	4,359.2	+0.074%	$84.6M	$145.6M	150x	as long as short
Bullet GOLD-USD	+0.0205%	1h	4,356	0.000%	$59K	$83K	10x	as long as short
Hotstuff GOLD-PERP	+0.0208%	1h	4,352.9	−0.071%	$33K	—	25x	as long as short
Bitget XAUUSDT	+0.0212%	4h	4,358.1	+0.048%	$70.3M	$109.4M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0253%	8h	4,359.1	+0.071%	$165.1M	$282.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,353.6	−0.054%	$594K	$133K	25x	as long as short
BloFin XAU-USDTlong	+0.0298%	4h	4,356	long leg	$15.5M	$4.6M	100x
GMX GOLD/USD [ETH-USDC]	L +0.0401% / S −0.0212%	1h	4,356.5	+0.012%	$249K	—	111x	as long as short
HTX XAU-USDT	+0.0566%	4h	4,362.3	+0.145%	$2.9M	$4.2M	75x	as long as short
Bluefin GOLD-PERPshort	+0.0580%	1h	4,349.5	−0.149%	$25K	$14K	20x