Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0133%/8h= −14.6% APRpaid last 24h −0.218%

Price spread now: MEXC against Bluefin+0.171%7-day average — · you sell dearer than you buy

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

Long on Bluefin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 5 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 pays, funding is against you. MEXC is 0.171% dearer against Bluefin than usual: you sell high and buy low (spread +0.171% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 4.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin GOLD-PERP	4,340.1	0.0227	pay 0.0028% / 1h	34m 00s	$25K	$14K	20x
Short	MEXC XAU_USDT	4,347.6	0.0094	get 0.0047% / 4h	34m 00s	$372.8M	$317.6M	1000x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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

Position, each leg$Hold fordaysFee BluefinbpFee MEXCbpOrdersPrice spread, now +0.171%Rate

Funding earned: −$27.91
Price spread: +0.171% → 0.000%: $17.14
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$21.76
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Bluefin: no order-book sample; MEXC: live order book, 5 min ago. 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 Bluefin no order-book sample	—	—	—	—	—
Sell MEXC live order book, 5 min ago	0.03 bp	2.0 bp −$2	2.0 bp −$20	2.2 bp −$220	18.1 bp −$9,064

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx XAU/USDC	0.0000%	1h	4,347	+0.159%	$3.4M	$12.3M	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,351.3	+0.257%	$92K	$9.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,343	+0.067%	$271K	—	250x	as long as short
Gate XAU_USDT	+0.0008%	4h	4,348.4	+0.190%	$267.7M	$412.1M	100x	as long as short
Lighter XAU	+0.0032%	1h	4,346	+0.136%	$20.8M	$37.8M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,343.6	+0.079%	$13.3M	$38.5M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.237%	$619	$54	52x	as long as short
Lighter RH XAU	+0.0040%	1h	4,348	+0.181%	$20.1M	$39.2M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,347.1	+0.161%	$3.8M	$4.6M	40x	as long as short
QFEX GOLD-USD	+0.0041%	1h	4,346.8	+0.154%	$5.7M	$2.0M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXGOLDPERP	+0.0045%	24h	4,345.7	+0.129%	$4.2M	$37.2M	15x	as long as short
Vest GC-PERP	+0.0046%	1h	4,379.8	+0.914%	—	$1.1M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,343.1	+0.069%	$2.0M	$4.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,343.9	+0.087%	$293.7M	$48.7M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,343.7	+0.082%	$15.1M	$56.8M	25x	as long as short
Aster XAUUSD1	+0.0064%	4h	4,347.9	+0.179%	$71.0M	$333.7M	20x	as long as short
Variational Omni XAU	+0.0080%	4h	4,346.7	+0.151%	$48.5M	$27.8M	—	as long as short
Paradex XAU-USD-PERP	+0.0085%	8h	4,347.3	+0.165%	$19K	$5K	5x	as long as short
GRVT XAU_USDT_Perp	+0.0088%	4h	4,348.2	+0.187%	$1.4M	$3.0M	25x	as long as short
Binance XAUUSDT	+0.0093%	4h	4,347.7	+0.174%	$414.0M	$2.09B	100x	as long as short
MEXC XAU_USDTshort	+0.0094%	4h	4,347.6	+0.171%	$372.8M	$317.6M	1000x
edgeX XAUUSDC	+0.0095%	4h	4,343.4	+0.075%	$30.2M	$58.3M	50x	as long as short
Pacifica XAU	+0.0100%	1h	4,343.3	+0.073%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,346.8	+0.154%	$275K	$203K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,346.3	+0.141%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0142%	1h	4,347.3	+0.165%	$47K	$77K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0151%	1h	4,346.6	+0.149%	$4.3M	$1.9M	20x	as long as short
Hotstuff GOLD-PERP	+0.0160%	1h	4,343.7	+0.082%	$33K	—	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0194%	1h	4,344	+0.090%	$592K	$132K	25x	as long as short
Bullet GOLD-USD	+0.0199%	1h	4,346.9	+0.156%	$59K	$82K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0210%	1h	4,345.4	+0.122%	$243K	$789K	25x	as long as short
Phemex XAUUSDT	+0.0217%	4h	4,349.8	+0.223%	$2.2M	$967K	100x	as long as short
Bluefin GOLD-PERPlong	+0.0227%	1h	4,340.1	long leg	$25K	$14K	20x
Bitget XAUUSDT	+0.0232%	4h	4,347.5	+0.169%	$70.0M	$109.2M	100x	as long as short
Bybit XAUUSDT	+0.0238%	4h	4,349	+0.205%	$85.0M	$144.9M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0285%	8h	4,348.8	+0.200%	$165.6M	$281.8M	100x	as long as short
BloFin XAU-USDT	+0.0344%	4h	4,346.1	+0.138%	$15.6M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0413% / S −0.0231%	1h	4,347.2	+0.163%	$248K	—	111x	as long as short
HTX XAU-USDT	+0.0625%	4h	4,351.6	+0.265%	$2.9M	$4.3M	75x	as long as short