Settings8H · net · $10k
Funding arb · Price arb /

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0236%/8h= −25.8% APRpaid last 24h −0.100%
Price spread now: Ondo Perps against BloFin−0.277%695s7-day average −0.131% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.428%−$43 on $10k
Price spread, last 3 days (all we have)+0.120%+$12 · spread now −0.277%, 7d avg −0.131%
Together, before fees−0.308%+ Points / potential airdropOndo Perps: Active · farm board−$31 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Ondo Perps is 0.145% cheaper against BloFin than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.131%). Swap the legs. The two prices were read 695 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin XAU-USDT4,364.80.0286pay 0.0143% / 4h2h 36m$15.5M$4.6M100x
ShortOndo Perps XAU-USD.P4,352.70.0050get 0.0006% / 1h36m 54s$15.0M$57.7M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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

Funding earned
−$49.46
Price spread: −0.277% → −0.131%
−$14.54
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$81
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: BloFin: live order book, 12 min ago; Ondo Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 12 min ago0.01 bp6.0 bp −$66.2 bp −$628.0 bp −$802doesn't fit
Sell Ondo Perps no order-book sample
Ondo Perps: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin GOLD-PERP−0.0316%1h4,348.2−0.381%$25K$14K20xas long as short
Aster XAUUSD10.0000%4h4,356.1−0.200%$70.1M$293.0M20xas long as short
Gate XAU_USDT0.0000%4h4,357.2−0.174%$263.3M$408.2M100xas long as short
Kalshi KXGOLDPERP0.0000%24h4,352.3−0.286%$4.1M$36.5M15xas long as short
SunX XAU-USDT0.0000%4h4,357.9−0.158%$93K$9.7M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,350.2−0.335%$269K250xas long as short
Extended XAU-USD+0.0032%1h4,351.8−0.299%$13.6M$43.0M25xas long as short
Hotstuff GOLD-PERP+0.0032%1h4,352.8−0.275%$33K25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.329%$619$5452xas long as short
Lighter XAU+0.0040%1h4,353.9−0.250%$20.6M$43.5M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
StandX XAU-USD+0.0040%1h4,356−0.202%$3.8M$4.7M40xas long as short
Vest GC-PERP+0.0046%1h4,388.2+0.536%$1.0M25xas long as short
Lighter RH XAU+0.0048%1h4,356.2−0.197%$20.1M$40.8M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,352.5−0.282%$293.9M$48.4M25xas long as short
Ondo Perps XAU-USD.Pshort+0.0050%1h4,352.7−0.277%$15.0M$57.7M25x
QFEX GOLD-USD+0.0051%1h4,354.8−0.229%$5.6M$1.9M20xas long as short
Polymarket Perps GOLD-USD+0.0060%1h4,353−0.270%$4.3M$1.9M20xas long as short
Variational Omni XAU+0.0061%4h4,355.7−0.208%$48.3M$28.4Mas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,350.9−0.318%$2.0M$5.0M25xas long as short
edgeX XAUUSDC+0.0084%4h4,350.2−0.334%$30.3M$60.6M50xas long as short
Paradex XAU-USD-PERP+0.0084%8h4,355.6−0.210%$19K$5K5xas long as short
MEXC XAU_USDT+0.0084%4h4,355.5−0.214%$374.0M$322.1M1000xas long as short
Binance XAUUSDT+0.0086%4h4,355.6−0.211%$409.4M$2.10B100xas long as short
Pacifica XAU+0.0100%1h4,352.4−0.284%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,353.9−0.251%$275K$204K50xas long as short
Aevo XAU-PERP+0.0104%1h4,353.2−0.266%$161K$8710xas long as short
Phoenix GOLD+0.0121%1h4,355.1−0.222%$48K$64K25xas long as short
RISEx XAU/USDC+0.0135%1h4,355.3−0.219%$3.4M$12.4M25xas long as short
GRVT XAU_USDT_Perp+0.0136%4h4,357.5−0.168%$1.4M$2.9M25xas long as short
Bitget XAUUSDT+0.0150%4h4,356−0.202%$69.2M$109.7M100xas long as short
Bullet GOLD-USD+0.0158%1h4,354.2−0.242%$59K$83K10xas long as short
Bybit XAUUSDT+0.0185%4h4,357−0.180%$84.1M$143.6M150xas long as short
OKX XAU-USDT-SWAP+0.0225%8h4,357−0.179%$164.9M$284.4M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0256%1h4,353.1−0.268%$234K$661K25xas long as short
Kraken Futures PF_XAUUSD+0.0269%1h4,351.2−0.313%$593K$141K25xas long as short
BloFin XAU-USDTlong+0.0286%4h4,364.8long leg$15.5M$4.6M100x
Phemex XAUUSDT+0.0382%4h4,358.5−0.144%$2.2M$1.1M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0394% / S −0.0199%1h4,354−0.247%$253K111xas long as short
HTX XAU-USDT+0.0525%4h4,358.9−0.135%$2.9M$3.9M75xas long as short