Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0152%/8h= −16.7% APRpaid last 24h −0.078%

Price spread now: RISEx against BloFin+0.063%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$190.189% of the position

Long on BloFin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.256%−$26 on $10k

Price spread, last 4 days (all we have)−0.083%−$8 · spread now +0.063%, 7d avg +0.005%

Together, before fees−0.339%−$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. RISEx is 0.058% dearer against BloFin than usual: you sell high and buy low (spread +0.063% now, against its 7-day average of +0.005%): +$6 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XAU-USDT	4,322.4	0.0337	pay 0.0168% / 4h	1h 24m	$16.2M	$4.6M	100x
Short	RISEx XAU/USDC	4,325.1	0.0184	get 0.0023% / 1h	24m 27s	$4.2M	$12.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.063%Rate

Funding earned: −$31.97
Price spread: +0.063% → +0.005%: $5.76
Slippage, 4 orders: −$0.85
Fee BloFin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$45.06
Costs to cover: 0.189%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; RISEx: 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, 4 min ago	0.16 bp	6.2 bp −$6	6.2 bp −$62	8.2 bp −$825	doesn't fit
Sell RISEx live order book, 5 min ago	0.13 bp	3.2 bp −$3	4.8 bp −$48	45.4 bp −$4,541	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	−0.0087%	1h	4,316.6	−0.134%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,327.2	+0.112%	$92K	$7.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,318.9	−0.080%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0011%	4h	4,322.6	+0.005%	$77.3M	$154.8M	150x	as long as short
Hotstuff GOLD-PERP	+0.0032%	1h	4,319	−0.078%	$32K	—	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.649%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,323.4	+0.024%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,322	−0.008%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,354.3	+0.739%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,318.6	−0.087%	$291.4M	$51.2M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,318.2	−0.096%	$15.0M	$55.3M	25x	as long as short
Lighter XAU	+0.0064%	1h	4,321.8	−0.012%	$20.3M	$30.6M	25x	as long as short
Aster XAUUSD1	+0.0067%	4h	4,324.4	+0.046%	$72.5M	$276.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,320.3	−0.047%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0075%	8h	4,321.8	−0.014%	$2K	$13K	5x	as long as short
Kalshi KXGOLDPERP	+0.0077%	24h	4,323.9	+0.036%	$3.8M	$43.7M	15x	as long as short
Extended XAU-USD	+0.0080%	1h	4,318.5	−0.088%	$12.9M	$37.0M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0082%	4h	4,323.1	+0.018%	$1.4M	$3.0M	25x	as long as short
Variational Omni XAU	+0.0090%	4h	4,322.1	−0.005%	$47.3M	$28.9M	—	as long as short
MEXC XAU_USDT	+0.0096%	4h	4,322	−0.007%	$362.0M	$331.0M	1000x	as long as short
Binance XAUUSDT	+0.0097%	4h	4,321.7	−0.014%	$417.1M	$2.12B	100x	as long as short
Phoenix GOLD	+0.0100%	1h	4,319.6	−0.064%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,318.8	−0.082%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,319.8	−0.058%	$272K	$208K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,322.1	−0.006%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0108%	4h	4,318.8	−0.083%	$30.0M	$59.5M	50x	as long as short
Gate XAU_USDT	+0.0110%	4h	4,324.8	+0.057%	$281.2M	$418.6M	100x	as long as short
Lighter RH XAU	+0.0112%	1h	4,324.4	+0.048%	$19.8M	$38.9M	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0153%	1h	4,320	−0.055%	$584K	$135K	25x	as long as short
Bullet GOLD-USD	+0.0179%	1h	4,322.2	−0.004%	$59K	$82K	10x	as long as short
RISEx XAU/USDCshort	+0.0184%	1h	4,325.1	+0.063%	$4.2M	$12.9M	25x
Polymarket Perps GOLD-USD	+0.0209%	1h	4,322.1	−0.006%	$4.3M	$1.9M	20x	as long as short
Bitget XAUUSDT	+0.0222%	4h	4,321.5	−0.021%	$67.7M	$118.0M	100x	as long as short
HTX XAU-USDT	+0.0254%	4h	4,328.5	+0.141%	$2.8M	$4.9M	75x	as long as short
OKX XAU-USDT-SWAP	+0.0304%	8h	4,322.2	−0.003%	$171.8M	$298.0M	100x	as long as short
Phemex XAUUSDT	+0.0330%	4h	4,325.7	+0.078%	$2.2M	$967K	100x	as long as short
BloFin XAU-USDTlong	+0.0337%	4h	4,322.4	long leg	$16.2M	$4.6M	100x
Deribit GOLD_USDC-PERPETUAL	+0.0352%	1h	4,321.8	−0.013%	$191K	$836K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,322	−0.008%	$252K	—	111x	as long as short