Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0197%/8h= −21.5% APRpaid last 24h −0.059%

Price spread now: Bullet against BloFin+0.004%48s7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$6 a day on $10k at the current rate. The two prices were read 48 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	4,311.7	0.0394	pay 0.0197% / 4h	3h 20m	$16.4M	$5.2M	100x
Short	Bullet GOLD-USD	4,311.9	0.0197	get 0.0025% / 1h	20m 26s	$58K	$77K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$41.31
Price spread: +0.004% → 0.000%: $0.39
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$60.92
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 3 min ago; Bullet: 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	0.35 bp	6.3 bp −$6	6.4 bp −$64	7.3 bp −$730	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: 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	4,315.2	+0.080%	$92K	$6.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,305.5	−0.144%	$273K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.897%	$619	$54	52x	as long as short
Vest GC-PERP	+0.0046%	1h	4,343.5	+0.737%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,309.1	−0.061%	$6.6M	$3.1M	20x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,308.3	−0.080%	$291.0M	$54.5M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,310.3	−0.033%	$4.3M	$1.8M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,307.5	−0.099%	$15.0M	$56.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,306.7	−0.117%	$2.0M	$5.1M	25x	as long as short
Paradex XAU-USD-PERP	+0.0062%	8h	4,309.8	−0.045%	$2K	$13K	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XAUUSD1	+0.0069%	4h	4,312.9	+0.028%	$73.6M	$271.5M	20x	as long as short
Lighter XAU	+0.0080%	1h	4,309.4	−0.053%	$20.2M	$29.6M	25x	as long as short
Hotstuff GOLD-PERP	+0.0080%	1h	4,306.8	−0.114%	$32K	—	25x	as long as short
StandX XAU-USD	+0.0093%	1h	4,311.3	−0.010%	$3.8M	$4.5M	40x	as long as short
Phoenix GOLD	+0.0095%	1h	4,301.6	−0.235%	$42K	$86K	25x	as long as short
Extended XAU-USD	+0.0096%	1h	4,307	−0.110%	$13.0M	$36.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,306.5	−0.122%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,301.8	−0.231%	$273K	$219K	50x	as long as short
Lighter RH XAU	+0.0104%	1h	4,312	+0.006%	$19.8M	$40.6M	25x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,310.5	−0.029%	$160K	$87	10x	as long as short
Kalshi KXGOLDPERP	+0.0114%	24h	4,312.8	+0.025%	$3.6M	$47.1M	15x	as long as short
Variational Omni XAU	+0.0115%	4h	4,311.4	−0.007%	$46.9M	$29.9M	—	as long as short
edgeX XAUUSDC	+0.0117%	4h	4,300.7	−0.255%	$30.0M	$62.5M	50x	as long as short
MEXC XAU_USDT	+0.0122%	4h	4,311.8	+0.003%	$360.3M	$347.7M	1000x	as long as short
RISEx XAU/USDC	+0.0126%	1h	4,312	+0.007%	$4.5M	$13.4M	25x	as long as short
Binance XAUUSDT	+0.0130%	4h	4,311.6	−0.002%	$437.3M	$2.26B	100x	as long as short
Bybit XAUUSDT	+0.0141%	4h	4,313.6	+0.042%	$79.7M	$161.2M	150x	as long as short
Gate XAU_USDT	+0.0178%	4h	4,313.2	+0.033%	$302.0M	$436.3M	100x	as long as short
GRVT XAU_USDT_Perp	+0.0188%	4h	4,306.4	−0.124%	$1.4M	$3.1M	25x	as long as short
Bullet GOLD-USDshort	+0.0197%	1h	4,311.9	+0.004%	$58K	$77K	10x
Bitget XAUUSDT	+0.0202%	4h	4,311.6	−0.002%	$70.3M	$127.4M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0214%	1h	4,310.4	−0.031%	$133K	$831K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0251%	8h	4,312.8	+0.025%	$170.6M	$341.2M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0328%	1h	4,308.6	−0.073%	$573K	$139K	25x	as long as short
BloFin XAU-USDTlong	+0.0394%	4h	4,311.7	long leg	$16.4M	$5.2M	100x
GMX GOLD/USD [ETH-USDC]	L +0.0465% / S −0.0313%	1h	4,311.9	+0.004%	$254K	—	111x	as long as short
Phemex XAUUSDT	+0.0512%	4h	4,312.6	+0.021%	$2.2M	$986K	100x	as long as short
HTX XAU-USDT	+0.1220%	4h	4,318.1	+0.148%	$3.2M	$6.8M	75x	as long as short
Bluefin GOLD-PERP	+0.2471%	1h	4,304.6	−0.165%	$25K	$1K	20x	as long as short