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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC−0.0916%/8h= −100.3% APRpaid last 24h −0.083%
Price spread now: ApeX Omni against HTX−0.245%7-day average −0.102% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$480.483% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.045%+$4 on $10k
Price spread, last 4 days (all we have)+0.128%+$13 · spread now −0.245%, 7d avg −0.102%
Together, before fees+0.172%+$17 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and ApeX Omni is 0.142% cheaper against HTX than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.102%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.045% in total (about 2.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX XAU-USDT4,327.80.1016pay 0.0508% / 4h43m 12s$3.2M$7.1M75x
ShortApeX Omni XAUUSDT4,317.20.0100get 0.0013% / 1h43m 12s$286K$228K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni 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

Funding earned
−$192.38
Price spread: −0.245% → −0.102%
−$14.24
Slippage, 4 orders
−$26.27
Fee HTX: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$254.89
Costs to cover
0.483%
Break-even
never at this rate
Slippage from HTX: live order book, 4 min ago; ApeX Omni: live order book, 62 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 4 min ago0.01 bp8.5 bp −$912.1 bp −$12117.8 bp −$1,780doesn't fit
Sell ApeX Omni live order book, 62 min ago5.72 bp16.1 bp −$1631.7 bp −$317153.1 bp −$15.3Kdoesn't fit

XAU on 39 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International GOLD-PERP-INTX−0.0032%1h4,316.1−0.271%$2.1M$5.1M25xas long as short
SunX XAU-USDT0.0000%4h4,324.3−0.080%$92K$5.5M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,316.4−0.264%$308K250xas long as short
Hotstuff GOLD-PERP+0.0024%1h4,319.6−0.190%$35K$3K25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.522%$619$5452xas long as short
Aster XAUUSD1+0.0038%4h4,321.9−0.137%$71.1M$277.6M20xas long as short
StandX XAU-USD+0.0040%1h4,318.1−0.224%$3.8M$4.6M40xas long as short
QFEX GOLD-USD+0.0042%1h4,318.1−0.224%$6.6M$3.3M20xas long as short
Vest GC-PERP+0.0046%1h4,353.2+0.587%$1.0M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,316.5−0.262%$15.2M$59.1M25xas long as short
Show all 39 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:GOLD+0.0053%1h4,317.6−0.236%$291.8M$46.1M25xas long as short
Paradex XAU-USD-PERP+0.0057%8h4,319.6−0.190%$2K$13K5xas long as short
RISEx XAU/USDC+0.0062%1h4,320.3−0.173%$4.7M$13.4M25xas long as short
Variational Omni XAU+0.0067%4h4,315.6−0.282%$47.1M$27.9Mas long as short
Lighter XAU+0.0072%1h4,319.4−0.194%$20.0M$30.4M25xas long as short
MEXC XAU_USDT+0.0078%4h4,320.5−0.169%$350.7M$354.4M1000xas long as short
Binance XAUUSDT+0.0080%4h4,320.5−0.169%$443.3M$2.45B100xas long as short
edgeX XAUUSDC+0.0082%4h4,313.3−0.334%$30.2M$67.2M50xas long as short
Gate XAU_USDT+0.0084%4h4,323−0.110%$304.3M$437.3M100xas long as short
GRVT XAU_USDT_Perp+0.0090%4h4,320.1−0.179%$1.4M$3.1M25xas long as short
Pacifica XAU+0.0100%1h4,317.2−0.245%$1.4M$1.5M10xas long as short
ApeX Omni XAUUSDTshort+0.0100%1h4,317.2−0.245%$286K$228K50x
Bluefin GOLD-PERP+0.0100%1h4,314.1−0.316%$25K$1K20xas long as short
Aevo XAU-PERP+0.0104%1h4,318.7−0.210%$160K$8710xas long as short
Phoenix GOLD+0.0124%1h4,318.1−0.224%$43K$71K25xas long as short
Lighter RH XAU+0.0128%1h4,321.8−0.140%$19.5M$39.5M25xas long as short
Kalshi KXGOLDPERP+0.0148%24h4,321.4−0.148%$3.5M$52.0M15xas long as short
Bybit XAUUSDT+0.0170%4h4,321.9−0.136%$85.3M$168.7M150xas long as short
Phemex XAUUSDT+0.0191%4h4,320.7−0.164%$2.2M$733K100xas long as short
Kraken Futures PF_XAUUSD+0.0198%1h4,317.9−0.229%$582K$166K25xas long as short
Bitget XAUUSDT+0.0202%4h4,320.7−0.165%$73.1M$142.0M100xas long as short
Extended XAU-USD+0.0208%1h4,316.5−0.262%$12.6M$34.4M25xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0213%1h4,318.8−0.208%$135K$661K25xas long as short
Polymarket Perps GOLD-USD+0.0219%1h4,320.3−0.174%$4.3M$1.7M20xas long as short
Bullet GOLD-USD+0.0219%1h4,320.7−0.165%$59K$77K10xas long as short
OKX XAU-USDT-SWAP+0.0224%8h4,321.9−0.137%$171.4M$366.1M100xas long as short
BloFin XAU-USDT+0.0319%4h4,320.6−0.168%$16.5M$5.3M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0424% / S −0.0257%1h4,320.5−0.170%$252K111xas long as short
HTX XAU-USDTlong+0.1016%4h4,327.8long leg$3.2M$7.1M75x