Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0558%/8h= +61.1% APRpaid last 24h +0.046%

Price spread now: HTX against Hotstuff+0.177%7-day average — · you sell dearer than you buy

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

Long on Hotstuff Short on HTX

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 days—no 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 +$17 a day on $10k at the current rate, and HTX is 0.177% dearer against Hotstuff than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff GOLD-PERP	4,372.6	0.0024	pay 0.0003% / 1h	45m 56s	$33K	—	25x
Short	HTX XAU-USDT	4,380.4	0.0582	get 0.0291% / 4h	3h 45m	$2.9M	$3.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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

Position, each leg$Hold fordaysFee HotstuffbpFee HTXbpOrdersPrice spread, now +0.177%Rate

Funding earned: $117.1
Price spread: +0.177% → 0.000%: $17.75
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: $117.84
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Hotstuff: no order-book sample; HTX: live order book, 3 min ago. 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 Hotstuff no order-book sample	—	—	—	—	—
Sell HTX live order book, 3 min ago	0.01 bp	8.6 bp −$9	12.9 bp −$129	16.3 bp −$1,626	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bluefin GOLD-PERP	−0.0105%	1h	4,369.4	−0.074%	$26K	$21K	20x	as long as short
Aster XAUUSD1	0.0000%	4h	4,375.7	+0.070%	$71.2M	$207.5M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,375.9	+0.076%	$410.2M	$2.15B	100x	as long as short
Gate XAU_USDT	0.0000%	4h	4,376.6	+0.092%	$266.2M	$410.3M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,375.5	+0.065%	$374.2M	$321.4M	1000x	as long as short
Variational Omni XAU	0.0000%	4h	4,375.1	+0.057%	$48.7M	$27.7M	—	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,372.2	−0.009%	$4.0M	$36.6M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,380.2	+0.174%	$93K	$10.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,371.6	−0.024%	$268K	—	250x	as long as short
Bitget XAUUSDT	+0.0006%	4h	4,376.2	+0.082%	$69.7M	$114.0M	100x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX XAUUSDC	+0.0018%	4h	4,371.2	−0.032%	$30.4M	$60.2M	50x	as long as short
Hotstuff GOLD-PERPlong	+0.0024%	1h	4,372.6	long leg	$33K	—	25x
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.507%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,376.4	+0.087%	$3.8M	$4.7M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,375.1	+0.057%	$5.6M	$1.9M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,409.6	+0.846%	—	$1.0M	25x	as long as short
RISEx XAU/USDC	+0.0048%	1h	4,375.8	+0.074%	$3.4M	$12.3M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,371.9	−0.016%	$294.7M	$52.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,371.1	−0.035%	$14.7M	$57.4M	25x	as long as short
Phoenix GOLD	+0.0055%	1h	4,375.3	+0.062%	$48K	$64K	25x	as long as short
Paradex XAU-USD-PERP	+0.0070%	8h	4,375.2	+0.059%	$19K	$5K	5x	as long as short
Lighter XAU	+0.0072%	1h	4,374.9	+0.053%	$20.8M	$43.4M	25x	as long as short
Lighter RH XAU	+0.0080%	1h	4,376.5	+0.090%	$20.3M	$40.9M	25x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,375	+0.054%	$162K	$87	10x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,372.2	−0.009%	$2.0M	$5.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,372.5	−0.002%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,373.2	+0.014%	$277K	$204K	50x	as long as short
Polymarket Perps GOLD-USD	+0.0108%	1h	4,374.6	+0.046%	$4.3M	$1.8M	20x	as long as short
Extended XAU-USD	+0.0120%	1h	4,371.4	−0.027%	$13.3M	$44.1M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0138%	4h	4,376.4	+0.088%	$1.4M	$3.1M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0162%	1h	4,374	+0.032%	$236K	$655K	25x	as long as short
Bybit XAUUSDT	+0.0168%	4h	4,376.7	+0.093%	$83.4M	$144.5M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0174%	8h	4,377.8	+0.119%	$166.3M	$287.4M	100x	as long as short
Bullet GOLD-USD	+0.0192%	1h	4,375.6	+0.068%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,373.2	+0.015%	$596K	$146K	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,374.8	+0.051%	$15.0M	$4.6M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0390% / S −0.0197%	1h	4,376	+0.077%	$252K	—	111x	as long as short
Phemex XAUUSDT	+0.0474%	4h	4,378.2	+0.129%	$2.2M	$1.1M	100x	as long as short
HTX XAU-USDTshort	+0.0582%	4h	4,380.4	+0.177%	$2.9M	$3.8M	75x