Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0015%/8h= −1.6% APRpaid last 24h −0.016%

Price spread now: Hotstuff against edgeX+0.181%7-day average — · you sell dearer than you buy

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

Long on edgeX Short on Hotstuff

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · Hotstuff: Active · farm boardneeds both histories

The price spread pays, funding is against you. Hotstuff is 0.181% dearer against edgeX than usual: you sell high and buy low (spread +0.181% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 41 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XAUUSDC	4,310.3	0.0143	pay 0.0071% / 4h	3h 17m	$30.1M	$62.9M	50x
Short	Hotstuff GOLD-PERP	4,318.1	0.0128	get 0.0016% / 1h	17m 18s	$32K	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against edgeX. 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 edgeXbpFee HotstuffbpOrdersPrice spread, now +0.181%Rate

Funding earned: −$3.12
Price spread: +0.181% → 0.000%: $18.06
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $0.94
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: edgeX: live order book, 2 min ago; Hotstuff: no order-book sample. 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 edgeX live order book, 2 min ago	0.35 bp	4.8 bp −$5	4.8 bp −$48	7.9 bp −$788	38.2 bp −$19.1K
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: 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
SunX XAU-USDT	0.0000%	4h	4,325.6	+0.354%	$92K	$6.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,319.6	+0.215%	$274K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.930%	$619	$54	52x	as long as short
Vest GC-PERP	+0.0046%	1h	4,352.6	+0.981%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,318.9	+0.199%	$6.6M	$3.1M	20x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,317.2	+0.160%	$291.6M	$54.5M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,321.4	+0.257%	$4.3M	$1.8M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,316.7	+0.148%	$15.0M	$56.3M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,316.7	+0.148%	$2.0M	$5.2M	25x	as long as short
Paradex XAU-USD-PERP	+0.0061%	8h	4,321	+0.249%	$2K	$13K	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XAUUSD1	+0.0070%	4h	4,323.7	+0.309%	$74.0M	$271.5M	20x	as long as short
StandX XAU-USD	+0.0078%	1h	4,316.1	+0.134%	$3.8M	$4.5M	40x	as long as short
Lighter XAU	+0.0080%	1h	4,321.4	+0.258%	$20.3M	$29.8M	25x	as long as short
Extended XAU-USD	+0.0088%	1h	4,317.7	+0.171%	$12.9M	$35.8M	25x	as long as short
Phoenix GOLD	+0.0095%	1h	4,311.2	+0.021%	$42K	$86K	25x	as long as short
Lighter RH XAU	+0.0096%	1h	4,323.8	+0.312%	$19.8M	$40.7M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,318	+0.178%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,308.7	−0.038%	$277K	$223K	50x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,320.4	+0.234%	$160K	$87	10x	as long as short
Kalshi KXGOLDPERP	+0.0115%	24h	4,323.8	+0.313%	$3.6M	$47.5M	15x	as long as short
Variational Omni XAU	+0.0115%	4h	4,311.4	+0.026%	$46.9M	$29.9M	—	as long as short
RISEx XAU/USDC	+0.0126%	1h	4,321.9	+0.268%	$4.5M	$13.5M	25x	as long as short
Hotstuff GOLD-PERPshort	+0.0128%	1h	4,318.1	+0.181%	$32K	—	25x
MEXC XAU_USDT	+0.0128%	4h	4,322	+0.272%	$354.0M	$350.4M	1000x	as long as short
Binance XAUUSDT	+0.0129%	4h	4,321.9	+0.268%	$438.3M	$2.28B	100x	as long as short
Bybit XAUUSDT	+0.0142%	4h	4,324.1	+0.319%	$80.6M	$162.3M	150x	as long as short
edgeX XAUUSDClong	+0.0143%	4h	4,310.3	long leg	$30.1M	$62.9M	50x
Gate XAU_USDT	+0.0178%	4h	4,322.9	+0.292%	$301.3M	$437.9M	100x	as long as short
Phemex XAUUSDT	+0.0184%	4h	4,322.8	+0.289%	$2.2M	$961K	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0190%	1h	4,319.8	+0.220%	$133K	$811K	25x	as long as short
Bullet GOLD-USD	+0.0195%	1h	4,321	+0.248%	$59K	$77K	10x	as long as short
Bitget XAUUSDT	+0.0202%	4h	4,322.8	+0.290%	$70.5M	$128.2M	100x	as long as short
GRVT XAU_USDT_Perp	+0.0240%	4h	4,315.1	+0.110%	$1.4M	$3.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0250%	8h	4,323.4	+0.304%	$171.3M	$344.1M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0327%	1h	4,319.4	+0.210%	$576K	$145K	25x	as long as short
BloFin XAU-USDT	+0.0369%	4h	4,320	+0.225%	$16.2M	$5.3M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0467% / S −0.0314%	1h	4,322.3	+0.278%	$256K	—	111x	as long as short
HTX XAU-USDT	+0.1165%	4h	4,327.8	+0.406%	$3.2M	$6.9M	75x	as long as short
Bluefin GOLD-PERP	+0.2141%	1h	4,316.8	+0.151%	$25K	$1K	20x	as long as short