Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0062%/8h= −6.8% APRpaid last 24h −0.012%

Price spread now: Aevo against HTX−0.110%7-day average −0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$470.467% of the position

Long on HTX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 3 days (all we have)+0.081%+$8 · spread now −0.110%, 7d avg −0.062%

Together, before fees+0.102%+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aevo is 0.048% cheaper against HTX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.062%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAU-USDT	4,368.2	0.0142	pay 0.0071% / 4h	38m 46s	$2.8M	$3.8M	75x
Short	Aevo XAU-PERP	4,363.4	0.0080	get 0.0010% / 1h	38m 46s	$162K	$87	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against HTX. 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 HTXbpFee AevobpOrdersPrice spread, now −0.110%Rate

Funding earned: −$13.06
Price spread: −0.110% → −0.062%: −$4.82
Slippage, 4 orders: −$18.7
Fee HTX: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$64.58
Costs to cover: 0.467%
Break-even: never at this rate

Slippage from HTX: live order book, 5 min ago; Aevo: live order book, 40 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 HTX live order book, 5 min ago	0.01 bp	9.0 bp −$9	11.1 bp −$111	15.2 bp −$1,517	doesn't fit
Sell Aevo live order book, 40 min ago	5.76 bp	14.9 bp −$15	27.6 bp −$276	doesn't fit	doesn't fit

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	−0.0262%	1h	4,359.7	−0.196%	$26K	$21K	20x	as long as short
Phoenix GOLD	−0.0004%	1h	4,363.3	−0.112%	$48K	$65K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,364.4	−0.088%	$71.6M	$227.6M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,363.8	−0.100%	$407.7M	$2.11B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,364.7	−0.081%	$82.8M	$141.8M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,363.9	−0.097%	$3.4M	$12.4M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,364.2	−0.091%	$267.8M	$408.6M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,364	−0.097%	$376.4M	$321.8M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,363.9	−0.098%	$66.9M	$111.3M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,365.9	−0.053%	$48.5M	$30.6M	—	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XAU_USDT_Perp	0.0000%	4h	4,366.2	−0.046%	$1.4M	$3.1M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,362.2	−0.137%	$4.0M	$35.3M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,368.7	+0.011%	$93K	$10.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,360.9	−0.167%	$267K	—	250x	as long as short
edgeX XAUUSDC	+0.0008%	4h	4,360.9	−0.167%	$30.3M	$58.3M	50x	as long as short
QFEX GOLD-USD	+0.0032%	1h	4,364.4	−0.087%	$5.6M	$1.7M	20x	as long as short
Lighter XAU	+0.0032%	1h	4,363.1	−0.116%	$20.8M	$44.4M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,365.5	−0.062%	$20.2M	$41.7M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,360	−0.187%	$13.0M	$46.3M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.407%	$619	$54	52x	as long as short
Hotstuff GOLD-PERP	+0.0040%	1h	4,361.7	−0.149%	$33K	—	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,366.7	−0.034%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,399.1	+0.707%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,360.4	−0.179%	$293.5M	$52.1M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,360.2	−0.183%	$14.5M	$56.1M	25x	as long as short
Paradex XAU-USD-PERP	+0.0051%	8h	4,363.8	−0.101%	$19K	$6K	5x	as long as short
Bullet GOLD-USD	+0.0051%	1h	4,364.7	−0.081%	$60K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0076%	1h	4,364	−0.096%	$4.3M	$1.8M	20x	as long as short
Aevo XAU-PERPshort	+0.0080%	1h	4,363.4	−0.110%	$162K	$87	10x
Pacifica XAU	+0.0100%	1h	4,360.9	−0.167%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,363.4	−0.111%	$277K	$204K	50x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0117%	1h	4,362.5	−0.130%	$235K	$735K	25x	as long as short
HTX XAU-USDTlong	+0.0142%	4h	4,368.2	long leg	$2.8M	$3.8M	75x
Coinbase International GOLD-PERP-INTX	+0.0152%	1h	4,361.5	−0.153%	$2.0M	$5.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0155%	8h	4,364.7	−0.080%	$158.0M	$271.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0220%	1h	4,362.1	−0.140%	$602K	$138K	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,365.2	−0.068%	$14.8M	$4.4M	100x	as long as short
Phemex XAUUSDT	+0.0313%	4h	4,367.7	−0.012%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0388% / S −0.0197%	1h	4,364.7	−0.081%	$252K	—	111x	as long as short