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+0.0016%/8h= +1.8% APRnext payment +$0.02 per $10,000 · paid last 24h +0.018%
Price spread now: Aevo against Hotstuff+0.085%46s7-day average · you sell dearer than you buy
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 4 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
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Aevo is 0.085% dearer against Hotstuff than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff GOLD-PERP4,3130.0096pay 0.0012% / 1h10m 34s$32K25x
ShortAevo XAU-PERP4,316.70.0112get 0.0014% / 1h10m 34s$160K$8710x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Hotstuff. 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
$3.36
Price spread: +0.085% → 0.000%
$8.5
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$9.14
Costs to cover
0.210%
Break-even
26.0 days
Slippage unknown: Hotstuff: no order-book sample; Aevo: live order book, 28 min ago. 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 Hotstuff no order-book sample
Sell Aevo live order book, 28 min ago5.13 bp16.9 bp −$1729.4 bp −$294doesn't fitdoesn't fit
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
SunX XAU-USDT0.0000%4h4,321.1+0.187%$92K$7.0M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,313.2+0.004%$269K250xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.868%$619$5452xas long as short
QFEX GOLD-USD+0.0045%1h4,315.8+0.065%$5.4M$2.7M20xas long as short
Vest GC-PERP+0.0046%1h4,349.5+0.846%$1.0M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,312.6−0.009%$290.7M$51.5M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,313.8+0.019%$15.0M$55.4M25xas long as short
Bluefin GOLD-PERP+0.0054%1h4,311.4−0.036%$25K$1K20xas long as short
Aster XAUUSD1+0.0058%4h4,318.6+0.130%$73.0M$271.7M20xas long as short
Paradex XAU-USD-PERP+0.0063%8h4,315.9+0.068%$2K$14K5xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit XAUUSDT+0.0069%4h4,318+0.116%$77.9M$153.6M150xas long as short
Lighter XAU+0.0072%1h4,316+0.070%$20.3M$30.1M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,315.3+0.053%$2.0M$5.1M25xas long as short
StandX XAU-USD+0.0096%1h4,319.8+0.158%$3.8M$4.5M40xas long as short
Hotstuff GOLD-PERPlong+0.0096%1h4,313long leg$32K25x
Phoenix GOLD+0.0096%1h4,315.7+0.063%$42K$79K25xas long as short
Kalshi KXGOLDPERP+0.0098%24h4,319.1+0.141%$3.7M$44.9M15xas long as short
Variational Omni XAU+0.0100%4h4,316.5+0.080%$47.1M$29.0Mas long as short
Pacifica XAU+0.0100%1h4,313.4+0.009%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,315.6+0.059%$272K$209K50xas long as short
Lighter RH XAU+0.0104%1h4,318.1+0.119%$19.9M$40.1M25xas long as short
MEXC XAU_USDT+0.0110%4h4,316.8+0.087%$363.4M$336.0M1000xas long as short
Binance XAUUSDT+0.0110%4h4,317.2+0.097%$429.6M$2.14B100xas long as short
Extended XAU-USD+0.0112%1h4,3130.000%$13.2M$36.6M25xas long as short
Aevo XAU-PERPshort+0.0112%1h4,316.7+0.085%$160K$8710x
edgeX XAUUSDC+0.0112%4h4,309.9−0.071%$30.0M$60.5M50xas long as short
GRVT XAU_USDT_Perp+0.0114%4h4,319.3+0.147%$1.4M$3.0M25xas long as short
Gate XAU_USDT+0.0116%4h4,319+0.139%$287.0M$427.7M100xas long as short
Bitget XAUUSDT+0.0192%4h4,317.4+0.102%$70.5M$120.1M100xas long as short
Bullet GOLD-USD+0.0202%1h4,317.2+0.097%$59K$81K10xas long as short
Polymarket Perps GOLD-USD+0.0222%1h4,317.7+0.109%$4.3M$1.8M20xas long as short
Kraken Futures PF_XAUUSD+0.0228%1h4,314.8+0.041%$574K$138K25xas long as short
OKX XAU-USDT-SWAP+0.0266%8h4,317.2+0.097%$175.3M$303.0M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0330%1h4,316+0.070%$161K$876K25xas long as short
BloFin XAU-USDT+0.0351%4h4,317.1+0.095%$16.6M$4.9M100xas long as short
Phemex XAUUSDT+0.0408%4h4,319.5+0.150%$2.2M$949K100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0466% / S −0.0312%1h4,316.9+0.090%$254K111xas long as short
HTX XAU-USDT+0.0525%4h4,324.6+0.269%$3.2M$6.0M75xas long as short
RISEx XAU/USDC+0.0643%1h4,316.9+0.091%$4.5M$13.2M25xas long as short