Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0552%/8h= +60.4% APRpaid last 24h +0.059%

Price spread now: HTX against gTrade (Gains Network)+0.236%7-day average +0.159% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$276as in the Price arb table

costs, in and out, $10k−$2842.841% of the position

Long on gTrade (Gains Network)Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.059%+$6 on $10k

Price spread, last 3 days (all we have)−0.064%−$6 · spread now +0.236%, 7d avg +0.159%

Together, before fees−0.005%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and HTX is 0.077% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.159%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.059% in total (about 6.6% 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	gTrade (Gains Network) XAU/USD	4,352.9	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	14m 47s	$270K	—	250x
Short	HTX XAU-USDT	4,363.2	0.0554	get 0.0277% / 4h	2h 14m	$2.9M	$3.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee HTXbpOrdersPrice spread, now +0.236%Rate

Funding earned: $115.82
Price spread: +0.236% → +0.159%: $7.68
Slippage, 4 orders: −$265.12
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$160.61
Costs to cover: 2.841%
Break-even: 16.7 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 19 min ago; HTX: live order book, 4 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 gTrade (Gains Network) virtual book (oracle venue), 19 min ago	130.01 bp	133.5 bp −$134	196.7 bp −$1,967	1352.9 bp −$135.3K	5907.8 bp −$2.95M
Sell HTX live order book, 4 min ago	0.01 bp	8.8 bp −$9	13.4 bp −$134	17.3 bp −$1,725	doesn't fit

XAU on 38 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
Hotstuff GOLD-PERP	−0.0016%	1h	4,354.8	+0.043%	$33K	—	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,356	+0.070%	$263.2M	$413.6M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,362.5	+0.219%	$93K	$9.5M	20x	as long as short
gTrade (Gains Network) XAU/USDlong	L +0.0002% / S −0.0003%	1h	4,352.9	long leg	$270K	—	250x
Extended XAU-USD	+0.0032%	1h	4,350.9	−0.046%	$13.5M	$41.8M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.057%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0034%	24h	4,354.2	+0.030%	$4.1M	$36.0M	15x	as long as short
Aster XAUUSD1	+0.0035%	4h	4,354.8	+0.043%	$70.4M	$298.2M	20x	as long as short
StandX XAU-USD	+0.0040%	1h	4,358.3	+0.124%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,390.9	+0.873%	—	$1.0M	25x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	4,350.9	−0.046%	$294.1M	$48.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,355.1	+0.051%	$14.9M	$58.0M	25x	as long as short
QFEX GOLD-USD	+0.0051%	1h	4,357.8	+0.112%	$5.6M	$1.9M	20x	as long as short
Lighter XAU	+0.0056%	1h	4,355.7	+0.064%	$20.7M	$43.7M	25x	as long as short
Lighter RH XAU	+0.0064%	1h	4,357.3	+0.102%	$20.1M	$41.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,354.9	+0.046%	$2.0M	$5.0M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0074%	1h	4,356.6	+0.085%	$4.3M	$1.9M	20x	as long as short
Paradex XAU-USD-PERP	+0.0083%	8h	4,358.1	+0.120%	$19K	$5K	5x	as long as short
Variational Omni XAU	+0.0086%	4h	4,356	+0.072%	$48.2M	$28.1M	—	as long as short
Pacifica XAU	+0.0100%	1h	4,355.1	+0.050%	$1.4M	$1.2M	10x	as long as short
MEXC XAU_USDT	+0.0100%	4h	4,354.9	+0.045%	$375.7M	$323.8M	1000x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,358.5	+0.127%	$275K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,350.7	−0.052%	$25K	$14K	20x	as long as short
Binance XAUUSDT	+0.0102%	4h	4,354	+0.024%	$409.1M	$2.10B	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,356.6	+0.086%	$161K	$87	10x	as long as short
edgeX XAUUSDC	+0.0112%	4h	4,353.3	+0.009%	$30.3M	$59.9M	50x	as long as short
GRVT XAU_USDT_Perp	+0.0116%	4h	4,360	+0.163%	$1.4M	$2.9M	25x	as long as short
Phoenix GOLD	+0.0121%	1h	4,356.9	+0.092%	$48K	$64K	25x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,358	+0.116%	$3.4M	$12.4M	25x	as long as short
Bullet GOLD-USD	+0.0167%	1h	4,357.6	+0.108%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0177%	4h	4,354.9	+0.045%	$84.0M	$143.8M	150x	as long as short
Bitget XAUUSDT	+0.0184%	4h	4,353.7	+0.018%	$69.4M	$109.6M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0209%	1h	4,354.9	+0.046%	$242K	$672K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0238%	8h	4,355.9	+0.069%	$164.9M	$281.6M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,354.7	+0.041%	$594K	$139K	25x	as long as short
Phemex XAUUSDT	+0.0340%	4h	4,359.9	+0.159%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0391% / S −0.0197%	1h	4,357.4	+0.104%	$251K	—	111x	as long as short
HTX XAU-USDTshort	+0.0554%	4h	4,363.2	+0.236%	$2.9M	$3.9M	75x