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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0042%/8h= +4.6% APRnext payment +$0.05 per $10,000 · paid last 24h −0.001%
Price spread now: Ondo Perps against Hotstuff−0.027%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 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 · Ondo Perps: Active · farm boardneeds both histories
Funding pays, the price is against you. Ondo Perps is 0.027% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2.1 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff GOLD-PERP4,319.80.0008pay 0.0001% / 1h39m 57s$32K25x
ShortOndo Perps XAU-USD.P4,318.60.0050get 0.0006% / 1h39m 57s$15.0M$55.6M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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
$8.9
Price spread: −0.027% → 0.000%
−$2.71
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$3.8
Costs to cover
0.100%
Break-even
10.0 days
Slippage unknown: Hotstuff: no order-book sample; Ondo Perps: 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 Hotstuff no order-book sample
Sell Ondo Perps no order-book sample
Hotstuff and Ondo Perps: 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−0.0109%1h4,317.3−0.057%$25K$14K20xas long as short
SunX XAU-USDT0.0000%4h4,326.5+0.156%$92K$7.9M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,319.2−0.015%$270K250xas long as short
Bybit XAUUSDT+0.0007%4h4,322.6+0.065%$77.3M$155.8M150xas long as short
Hotstuff GOLD-PERPlong+0.0008%1h4,319.8long leg$32K25x
Extended XAU-USD+0.0032%1h4,318.7−0.026%$13.2M$36.7M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.709%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,325.2+0.125%$3.8M$4.5M40xas long as short
QFEX GOLD-USD+0.0042%1h4,322+0.051%$5.4M$2.1M20xas long as short
Vest GC-PERP+0.0046%1h4,355.5+0.826%$1.0M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:GOLD+0.0050%1h4,319.3−0.012%$291.5M$51.7M25xas long as short
Ondo Perps XAU-USD.Pshort+0.0050%1h4,318.6−0.027%$15.0M$55.6M25x
Lighter XAU+0.0056%1h4,321.9+0.049%$20.3M$30.4M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,319.3−0.012%$2.1M$4.9M25xas long as short
Kalshi KXGOLDPERP+0.0072%24h4,324.5+0.109%$3.8M$43.4M15xas long as short
Aster XAUUSD1+0.0073%4h4,323.9+0.096%$72.4M$298.7M20xas long as short
Paradex XAU-USD-PERP+0.0073%8h4,323.3+0.082%$19K$5K5xas long as short
GRVT XAU_USDT_Perp+0.0082%4h4,323.4+0.084%$1.4M$3.0M25xas long as short
Gate XAU_USDT+0.0090%4h4,323.9+0.095%$281.8M$413.7M100xas long as short
Variational Omni XAU+0.0093%4h4,322.9+0.071%$47.4M$29.0Mas long as short
Lighter RH XAU+0.0096%1h4,324.5+0.109%$19.8M$38.5M25xas long as short
MEXC XAU_USDT+0.0098%4h4,322.3+0.057%$362.2M$328.7M1000xas long as short
Binance XAUUSDT+0.0099%4h4,321.9+0.050%$415.5M$2.14B100xas long as short
Phoenix GOLD+0.0100%1h4,321+0.028%$47K$79K25xas long as short
Pacifica XAU+0.0100%1h4,319.7−0.003%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,320.4+0.013%$272K$208K50xas long as short
Aevo XAU-PERP+0.0104%1h4,322.1+0.054%$160K$8710xas long as short
edgeX XAUUSDC+0.0110%4h4,318.5−0.031%$30.0M$61.4M50xas long as short
Kraken Futures PF_XAUUSD+0.0153%1h4,320.2+0.009%$584K$134K25xas long as short
Bullet GOLD-USD+0.0179%1h4,322.8+0.070%$59K$82K10xas long as short
RISEx XAU/USDC+0.0184%1h4,325.3+0.127%$4.2M$12.8M25xas long as short
Polymarket Perps GOLD-USD+0.0207%1h4,322.8+0.069%$4.3M$1.9M20xas long as short
HTX XAU-USDT+0.0221%4h4,326.6+0.157%$2.8M$4.9M75xas long as short
Bitget XAUUSDT+0.0230%4h4,321.6+0.041%$67.9M$119.0M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0306%1h4,321.9+0.049%$192K$832K25xas long as short
OKX XAU-USDT-SWAP+0.0311%8h4,323+0.074%$170.6M$297.5M100xas long as short
BloFin XAU-USDT+0.0339%4h4,323.3+0.081%$16.1M$4.6M100xas long as short
Phemex XAUUSDT+0.0372%4h4,325.8+0.140%$2.2M$967K100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0463% / S −0.0307%1h4,322.8+0.070%$252K111xas long as short