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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0266%/8h= +29.2% APRnext payment +$0.33 per $10,000 · paid last 24h −0.189%
Price spread now: Deribit against Bluefin+0.106%7-day average · you sell dearer than you buy
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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Deribit is 0.106% dearer against Bluefin than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin GOLD-PERP4,369.4−0.0105get 0.0013% / 1h45m 57s$26K$21K20x
ShortDeribit GOLD_USDC-PERPETUAL4,3740.0162get 0.0020% / 1h45m 57s$236K$655K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against Bluefin. 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
$55.91
Price spread: +0.106% → 0.000%
$10.6
Slippage, 4 orders
no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$52.5
Costs to cover
0.140%
Break-even
0.4 days
Slippage unknown: Bluefin: no order-book sample; Deribit: live order book, 28 min ago. 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 Bluefin no order-book sample
Sell Deribit live order book, 28 min ago0.11 bp9.5 bp −$1010.4 bp −$104doesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin GOLD-PERPlong−0.0105%1h4,369.4long leg$26K$21K20x
Aster XAUUSD10.0000%4h4,375.7+0.144%$71.2M$207.5M20xas long as short
Binance XAUUSDT0.0000%4h4,376+0.152%$410.2M$2.15B100xas long as short
Gate XAU_USDT0.0000%4h4,376.2+0.157%$266.4M$410.0M100xas long as short
MEXC XAU_USDT0.0000%4h4,375.4+0.137%$374.2M$321.4M1000xas long as short
Variational Omni XAU0.0000%4h4,375.1+0.131%$48.7M$27.7Mas long as short
Kalshi KXGOLDPERP0.0000%24h4,372.2+0.065%$4.0M$36.6M15xas long as short
SunX XAU-USDT0.0000%4h4,380.2+0.248%$93K$10.4M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,371.6+0.050%$268K250xas long as short
Bitget XAUUSDT+0.0006%4h4,376+0.152%$69.7M$114.0M100xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX XAUUSDC+0.0018%4h4,371.2+0.041%$30.4M$60.2M50xas long as short
Hotstuff GOLD-PERP+0.0024%1h4,372.6+0.074%$33K25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.434%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,376.4+0.161%$3.8M$4.7M40xas long as short
QFEX GOLD-USD+0.0045%1h4,375.1+0.131%$5.6M$1.9M20xas long as short
Vest GC-PERP+0.0046%1h4,409.6+0.921%$1.0M25xas long as short
RISEx XAU/USDC+0.0048%1h4,375.8+0.148%$3.4M$12.3M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,371.9+0.058%$294.7M$52.5M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,371.1+0.039%$14.7M$57.4M25xas long as short
Phoenix GOLD+0.0055%1h4,375.3+0.136%$48K$64K25xas long as short
Paradex XAU-USD-PERP+0.0070%8h4,375.2+0.133%$19K$5K5xas long as short
Lighter XAU+0.0072%1h4,374.9+0.127%$20.8M$43.4M25xas long as short
Lighter RH XAU+0.0080%1h4,376.5+0.164%$20.3M$40.9M25xas long as short
Aevo XAU-PERP+0.0080%1h4,375+0.128%$162K$8710xas long as short
Coinbase International GOLD-PERP-INTX+0.0096%1h4,372.2+0.065%$2.0M$5.1M25xas long as short
Pacifica XAU+0.0100%1h4,372.5+0.072%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,373.2+0.088%$277K$204K50xas long as short
Polymarket Perps GOLD-USD+0.0108%1h4,374.6+0.120%$4.3M$1.8M20xas long as short
Extended XAU-USD+0.0120%1h4,371.3+0.044%$13.3M$44.1M25xas long as short
GRVT XAU_USDT_Perp+0.0138%4h4,376.4+0.162%$1.4M$3.1M25xas long as short
Deribit GOLD_USDC-PERPETUALshort+0.0162%1h4,374+0.106%$236K$655K25x
Bybit XAUUSDT+0.0168%4h4,376.7+0.167%$83.4M$144.5M150xas long as short
OKX XAU-USDT-SWAP+0.0174%8h4,377.7+0.191%$166.3M$287.4M100xas long as short
Bullet GOLD-USD+0.0192%1h4,375.6+0.142%$59K$82K10xas long as short
Kraken Futures PF_XAUUSD+0.0225%1h4,373.2+0.089%$596K$146K25xas long as short
BloFin XAU-USDT+0.0240%4h4,374.8+0.125%$15.0M$4.6M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0390% / S −0.0197%1h4,376+0.151%$252K111xas long as short
Phemex XAUUSDT+0.0474%4h4,378.2+0.203%$2.2M$1.1M100xas long as short
HTX XAU-USDT+0.0582%4h4,380.4+0.252%$2.9M$3.8M75xas long as short