Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0568%/8h= +62.2% APRpaid last 24h +0.033%

Price spread now: HTX against Coinbase International+0.149%7-day average +0.151% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$240.241% of the position

Long on Coinbase International Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.390%−$39 on $10k

Price spread, last 4 days (all we have)−0.001%$0 · spread now +0.149%, 7d avg +0.151%

Together, before fees−0.390%−$39 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.151%, so right now this pair is about funding alone: +$17 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.390%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.390% in total (about -20.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International GOLD-PERP-INTX	4,344.8	0.0048	pay 0.0006% / 1h	7m 32s	$2.0M	$4.8M	25x
Short	HTX XAU-USDT	4,351.3	0.0616	get 0.0308% / 4h	7m 32s	$2.8M	$4.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Coinbase International. 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 Coinbase InternationalbpFee HTXbpOrdersPrice spread, now +0.149%Rate

Funding earned: $119.35
Price spread: +0.149% → +0.151%: −$0.18
Slippage, 4 orders: −$2.12
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: $95.05
Costs to cover: 0.241%
Break-even: 1.4 days

Slippage from Coinbase International: live order book, 1 min ago; HTX: live order book, 1 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 Coinbase International live order book, 1 min ago	0.12 bp	5.1 bp −$5	6.8 bp −$68	41.1 bp −$4,109	doesn't fit
Sell HTX live order book, 1 min ago	0.01 bp	7.2 bp −$7	10.5 bp −$105	17.1 bp −$1,714	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
RISEx XAU/USDC	0.0000%	1h	4,347.5	+0.061%	$3.4M	$12.3M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,349.4	+0.106%	$266.6M	$417.8M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,351.7	+0.158%	$92K	$8.9M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,342.9	−0.043%	$272K	—	250x	as long as short
Lighter XAU	+0.0032%	1h	4,346.7	+0.043%	$20.8M	$38.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,344	−0.019%	$13.2M	$38.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.129%	$619	$54	52x	as long as short
Lighter RH XAU	+0.0040%	1h	4,348.5	+0.084%	$20.1M	$39.5M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,348.3	+0.081%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0041%	1h	4,347.5	+0.062%	$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
Vest GC-PERP	+0.0046%	1h	4,380.8	+0.829%	—	$1.0M	25x	as long as short
Coinbase International GOLD-PERP-INTXlong	+0.0048%	1h	4,344.8	long leg	$2.0M	$4.8M	25x
Kalshi KXGOLDPERP	+0.0049%	24h	4,345.6	+0.018%	$4.2M	$37.4M	15x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,344.5	−0.007%	$293.9M	$48.8M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,344.2	−0.014%	$15.1M	$56.8M	25x	as long as short
Hotstuff GOLD-PERP	+0.0056%	1h	4,344.4	−0.009%	$33K	—	25x	as long as short
Aster XAUUSD1	+0.0064%	4h	4,348.2	+0.078%	$71.3M	$333.1M	20x	as long as short
Variational Omni XAU	+0.0076%	4h	4,345.3	+0.011%	$48.4M	$28.2M	—	as long as short
Paradex XAU-USD-PERP	+0.0081%	8h	4,347.7	+0.066%	$19K	$5K	5x	as long as short
GRVT XAU_USDT_Perp	+0.0090%	4h	4,347	+0.050%	$1.4M	$2.9M	25x	as long as short
MEXC XAU_USDT	+0.0090%	4h	4,348.1	+0.075%	$372.7M	$320.6M	1000x	as long as short
Binance XAUUSDT	+0.0091%	4h	4,348.1	+0.076%	$413.9M	$2.10B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,344	−0.018%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,343.3	−0.035%	$274K	$203K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,340.2	−0.106%	$25K	$14K	20x	as long as short
edgeX XAUUSDC	+0.0101%	4h	4,342.2	−0.059%	$30.2M	$58.0M	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,346.5	+0.039%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0142%	1h	4,344.7	−0.002%	$47K	$77K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0167%	1h	4,348	+0.074%	$4.3M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0186%	1h	4,347.3	+0.058%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0194%	1h	4,344.6	−0.005%	$592K	$132K	25x	as long as short
Phemex XAUUSDT	+0.0226%	4h	4,349.4	+0.106%	$2.2M	$967K	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0233%	1h	4,345.8	+0.023%	$206K	$825K	25x	as long as short
Bitget XAUUSDT	+0.0234%	4h	4,348.7	+0.090%	$70.6M	$109.3M	100x	as long as short
Bybit XAUUSDT	+0.0240%	4h	4,349.6	+0.109%	$85.1M	$145.4M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0300%	8h	4,349.4	+0.106%	$165.4M	$282.0M	100x	as long as short
BloFin XAU-USDT	+0.0330%	4h	4,347.7	+0.067%	$15.6M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0418% / S −0.0240%	1h	4,347.2	+0.055%	$248K	—	111x	as long as short
HTX XAU-USDTshort	+0.0616%	4h	4,351.3	+0.149%	$2.8M	$4.6M	75x