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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0098%/8h= −10.8% APRnext payment $0.12 per $10,000 · paid last 24h +0.015%
Price spread now: Hotstuff against gTrade (Gains Network)−0.008%7-day average · you buy dearer than you sell
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHotstuff: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) XAU/USD4,322.7L +0.0002% / S −0.0003%pay 0.0000% / 1h34m 18s$270K250x
ShortHotstuff GOLD-PERP4,322.4−0.0096pay 0.0012% / 1h34m 18s$32K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against gTrade (Gains Network). 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
−$20.66
Price spread: −0.008% → 0.000%
−$0.76
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$33.42
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 35 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
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) virtual book (oracle venue), 35 min ago130.01 bp133.5 bp −$134196.7 bp −$1,9671352.9 bp −$135.3K5907.8 bp −$2.95M
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin GOLD-PERP−0.0105%1h4,320.7−0.048%$25K$1K20xas long as short
Hotstuff GOLD-PERPshort−0.0096%1h4,322.4−0.008%$32K25x
SunX XAU-USDT0.0000%4h4,330.5+0.180%$92K$7.3M20xas long as short
gTrade (Gains Network) XAU/USDlongL +0.0002% / S −0.0003%1h4,322.7long leg$270K250x
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.641%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,327.2+0.103%$3.8M$4.5M40xas long as short
QFEX GOLD-USD+0.0045%1h4,324.6+0.043%$5.4M$2.0M20xas long as short
Vest GC-PERP+0.0046%1h4,358.4+0.825%$1.0M25xas long as short
Bybit XAUUSDT+0.0049%4h4,327.2+0.103%$77.6M$153.0M150xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,323+0.006%$291.8M$51.5M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps XAU-USD.P+0.0050%1h4,321.5−0.030%$15.0M$55.6M25xas long as short
Aster XAUUSD1+0.0056%4h4,326.9+0.096%$72.9M$272.0M20xas long as short
Lighter XAU+0.0064%1h4,325.6+0.065%$20.4M$29.2M25xas long as short
Paradex XAU-USD-PERP+0.0066%8h4,325.1+0.056%$2K$14K5xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,322−0.017%$2.1M$4.8M25xas long as short
Variational Omni XAU+0.0089%4h4,324.9+0.050%$47.2M$29.3Mas long as short
Kalshi KXGOLDPERP+0.0092%24h4,327.8+0.117%$3.8M$44.6M15xas long as short
Phoenix GOLD+0.0096%1h4,323.8+0.025%$47K$79K25xas long as short
MEXC XAU_USDT+0.0098%4h4,326.3+0.083%$364.0M$327.3M1000xas long as short
GRVT XAU_USDT_Perp+0.0098%4h4,326.6+0.089%$1.4M$3.1M25xas long as short
Binance XAUUSDT+0.0100%4h4,326.1+0.079%$425.2M$2.13B100xas long as short
Pacifica XAU+0.0100%1h4,322.4−0.008%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,324.5+0.040%$272K$208K50xas long as short
Aevo XAU-PERP+0.0104%1h4,325.8+0.070%$160K$8710xas long as short
Gate XAU_USDT+0.0106%4h4,328.5+0.133%$285.1M$415.9M100xas long as short
edgeX XAUUSDC+0.0117%4h4,323.1+0.008%$30.1M$59.6M50xas long as short
Lighter RH XAU+0.0120%1h4,327.8+0.117%$20.0M$39.1M25xas long as short
Extended XAU-USD+0.0128%1h4,322.4−0.008%$13.2M$36.8M25xas long as short
Bitget XAUUSDT+0.0194%4h4,326.7+0.093%$70.2M$118.6M100xas long as short
Bullet GOLD-USD+0.0205%1h4,326.5+0.086%$58K$81K10xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0213%1h4,325.2+0.057%$163K$871K25xas long as short
Polymarket Perps GOLD-USD+0.0219%1h4,326.2+0.080%$4.3M$1.9M20xas long as short
Kraken Futures PF_XAUUSD+0.0228%1h4,324.1+0.031%$578K$135K25xas long as short
OKX XAU-USDT-SWAP+0.0276%8h4,326.7+0.092%$173.8M$299.3M100xas long as short
BloFin XAU-USDT+0.0339%4h4,325.8+0.070%$16.4M$4.6M100xas long as short
Phemex XAUUSDT+0.0361%4h4,328.9+0.144%$2.2M$975K100xas long as short
HTX XAU-USDT+0.0415%4h4,331.9+0.211%$3.2M$5.9M75xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0462% / S −0.0307%1h4,326.1+0.079%$253K111xas long as short
RISEx XAU/USDC+0.0643%1h4,326.1+0.078%$4.6M$13.3M25xas long as short