Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0373%/8h= +40.8% APRpaid last 24h +0.046%

Price spread now: OKX against Hotstuff+0.104%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 OKX

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 airdropHotstuff: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and OKX is 0.104% dearer against Hotstuff than usual: you sell high and buy low: +$10 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	4,322.2	−0.0096	get 0.0012% / 1h	34m 56s	$32K	—	25x
Short	OKX XAU-USDT-SWAP	4,326.7	0.0277	get 0.0277% / 8h	34m 56s	$173.8M	$299.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.104%Rate

Funding earned: $78.32
Price spread: +0.104% → 0.000%: $10.41
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: $73.73
Costs to cover: 0.150%
Break-even: 0.4 days

Slippage unknown: Hotstuff: no order-book sample; OKX: live order book, 4 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 OKX live order book, 4 min ago	0.12 bp	5.1 bp −$5	5.1 bp −$51	6.7 bp −$672	13.3 bp −$6,674

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	−0.0111%	1h	4,319.9	−0.054%	$25K	$1K	20x	as long as short
Hotstuff GOLD-PERPlong	−0.0096%	1h	4,322.2	long leg	$32K	—	25x
SunX XAU-USDT	0.0000%	4h	4,330.3	+0.188%	$92K	$7.3M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,321.5	−0.016%	$270K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.653%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,328.4	+0.143%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,324.6	+0.056%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,358.3	+0.835%	—	$1.0M	25x	as long as short
Bybit XAUUSDT	+0.0047%	4h	4,328	+0.134%	$77.6M	$153.2M	150x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,323	+0.019%	$291.8M	$51.5M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,321.4	−0.019%	$15.0M	$55.6M	25x	as long as short
Aster XAUUSD1	+0.0056%	4h	4,327.6	+0.124%	$72.9M	$272.0M	20x	as long as short
Lighter XAU	+0.0064%	1h	4,324.8	+0.059%	$20.4M	$29.1M	25x	as long as short
Paradex XAU-USD-PERP	+0.0066%	8h	4,324.9	+0.063%	$2K	$14K	5x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,322.9	+0.016%	$2.1M	$4.8M	25x	as long as short
Variational Omni XAU	+0.0089%	4h	4,324.9	+0.062%	$47.2M	$29.3M	—	as long as short
Kalshi KXGOLDPERP	+0.0092%	24h	4,327.3	+0.118%	$3.8M	$44.6M	15x	as long as short
Phoenix GOLD	+0.0096%	1h	4,323.8	+0.037%	$47K	$79K	25x	as long as short
MEXC XAU_USDT	+0.0098%	4h	4,326.9	+0.109%	$364.0M	$327.2M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0098%	4h	4,326.6	+0.102%	$1.4M	$3.1M	25x	as long as short
Binance XAUUSDT	+0.0099%	4h	4,326.9	+0.109%	$425.3M	$2.13B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,322	−0.005%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,324.5	+0.053%	$272K	$208K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,324.9	+0.063%	$160K	$87	10x	as long as short
Gate XAU_USDT	+0.0106%	4h	4,328	+0.135%	$284.7M	$415.4M	100x	as long as short
edgeX XAUUSDC	+0.0117%	4h	4,323.1	+0.020%	$30.1M	$59.6M	50x	as long as short
Lighter RH XAU	+0.0120%	1h	4,327.9	+0.131%	$20.0M	$39.1M	25x	as long as short
Extended XAU-USD	+0.0128%	1h	4,322.6	+0.010%	$13.2M	$36.8M	25x	as long as short
Bitget XAUUSDT	+0.0194%	4h	4,326.6	+0.101%	$70.2M	$118.6M	100x	as long as short
Bullet GOLD-USD	+0.0204%	1h	4,326	+0.089%	$58K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0218%	1h	4,325.7	+0.081%	$4.3M	$1.9M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0228%	1h	4,323	+0.019%	$578K	$135K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0236%	1h	4,324.2	+0.046%	$163K	$870K	25x	as long as short
OKX XAU-USDT-SWAPshort	+0.0277%	8h	4,326.7	+0.104%	$173.8M	$299.5M	100x
BloFin XAU-USDT	+0.0339%	4h	4,325.8	+0.083%	$16.4M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0362%	4h	4,328.9	+0.156%	$2.2M	$975K	100x	as long as short
HTX XAU-USDT	+0.0411%	4h	4,331.9	+0.223%	$3.2M	$5.9M	75x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0463% / S −0.0307%	1h	4,326	+0.089%	$253K	—	111x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,325.7	+0.081%	$4.6M	$13.3M	25x	as long as short