Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0294%/8h= −32.2% APRpaid last 24h −0.091%

Price spread now: StandX against BloFin+0.021%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$260.259% of the position

Long on BloFin Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.406%−$41 on $10k

Price spread, last 4 days (all we have)−0.060%−$6 · spread now +0.021%, 7d avg +0.007%

Together, before fees−0.466%+ Points / potential airdropStandX: Active · farm board−$47 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: −$9 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	4,334.6	0.0334	pay 0.0167% / 4h	1h 43m	$16.3M	$5.3M	100x
Short	StandX XAU-USD	4,335.5	0.0040	get 0.0005% / 1h	43m 15s	$3.8M	$4.5M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$61.8
Price spread: +0.021% → +0.007%: $1.39
Slippage, 4 orders: −$5.93
Fee BloFin: 6 bp × 2 orders: −$12
Fee StandX: 4 bp × 2 orders: −$8
Net: −$86.34
Costs to cover: 0.259%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; StandX: live order book, 4 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	0.02 bp	6.0 bp −$6	6.0 bp −$60	8.5 bp −$854	doesn't fit
Sell StandX live order book, 4 min ago	2.08 bp	7.6 bp −$8	8.5 bp −$85	10.5 bp −$1,049	11.8 bp −$5,878

XAU on 39 exchanges

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
Hotstuff GOLD-PERP	−3.2000%	1h	4,318.3	−0.376%	$32K	—	25x	as long as short
Bluefin GOLD-PERP	−0.0008%	1h	4,328.2	−0.147%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,339.1	+0.105%	$92K	$5.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	0.0000%	1h	4,330.6	−0.093%	$2.1M	$5.1M	25x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,331.8	−0.065%	$304K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.365%	$619	$54	52x	as long as short
StandX XAU-USDshort	+0.0040%	1h	4,335.5	+0.021%	$3.8M	$4.5M	40x
QFEX GOLD-USD	+0.0041%	1h	4,333.9	−0.016%	$6.7M	$3.2M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,368.3	+0.777%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,331.5	−0.072%	$292.4M	$51.6M	25x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit GOLD_USDC-PERPETUAL	+0.0050%	1h	4,333.5	−0.026%	$135K	$707K	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,330.2	−0.102%	$15.1M	$59.5M	25x	as long as short
Paradex XAU-USD-PERP	+0.0054%	8h	4,334.5	−0.002%	$2K	$13K	5x	as long as short
Aster XAUUSD1	+0.0054%	4h	4,336.2	+0.036%	$72.3M	$276.0M	20x	as long as short
Variational Omni XAU	+0.0074%	4h	4,333.5	−0.024%	$47.3M	$29.2M	—	as long as short
Gate XAU_USDT	+0.0076%	4h	4,336.4	+0.040%	$298.2M	$445.0M	100x	as long as short
Polymarket Perps GOLD-USD	+0.0077%	1h	4,334.6	0.000%	$4.3M	$1.7M	20x	as long as short
Lighter XAU	+0.0080%	1h	4,334.4	−0.005%	$20.2M	$30.4M	25x	as long as short
Lighter RH XAU	+0.0088%	1h	4,336.6	+0.046%	$19.7M	$40.0M	25x	as long as short
Binance XAUUSDT	+0.0092%	4h	4,334.7	+0.002%	$441.7M	$2.43B	100x	as long as short
MEXC XAU_USDT	+0.0094%	4h	4,334.7	+0.002%	$367.1M	$353.3M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0094%	4h	4,336.8	+0.050%	$1.4M	$3.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,331.2	−0.080%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,334	−0.014%	$284K	$223K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,333.6	−0.023%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0108%	4h	4,330.5	−0.095%	$30.3M	$67.7M	50x	as long as short
Extended XAU-USD	+0.0120%	1h	4,331.1	−0.081%	$12.5M	$34.6M	25x	as long as short
Bybit XAUUSDT	+0.0122%	4h	4,336.2	+0.037%	$82.8M	$172.1M	150x	as long as short
Phoenix GOLD	+0.0127%	1h	4,333.2	−0.033%	$43K	$71K	25x	as long as short
Kalshi KXGOLDPERP	+0.0137%	24h	4,335.8	+0.027%	$3.5M	$51.1M	15x	as long as short
Bullet GOLD-USD	+0.0163%	1h	4,334.6	0.000%	$59K	$76K	10x	as long as short
RISEx XAU/USDC	+0.0205%	1h	4,334.8	+0.005%	$4.7M	$13.2M	25x	as long as short
Bitget XAUUSDT	+0.0210%	4h	4,335.1	+0.012%	$72.8M	$139.5M	100x	as long as short
Phemex XAUUSDT	+0.0227%	4h	4,337.8	+0.073%	$2.3M	$772K	100x	as long as short
OKX XAU-USDT-SWAP	+0.0237%	8h	4,336	+0.032%	$170.8M	$361.5M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0253%	1h	4,331.5	−0.072%	$583K	$169K	25x	as long as short
BloFin XAU-USDTlong	+0.0334%	4h	4,334.6	long leg	$16.3M	$5.3M	100x
GMX GOLD/USD [ETH-USDC]	L +0.0460% / S −0.0308%	1h	4,334.6	0.000%	$253K	—	111x	as long as short
HTX XAU-USDT	+0.1073%	4h	4,341.1	+0.150%	$3.2M	$7.1M	75x	as long as short