Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0437%/8h= −47.8% APRpaid last 24h +0.213%

Price spread now: Bluefin against HTX−0.303%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Bluefin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Bluefin is 0.303% cheaper against HTX than usual: you would sell low and buy high (−$30 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAU-USDT	4,376.4	0.0194	pay 0.0097% / 4h	13m 20s	$2.9M	$3.8M	75x
Short	Bluefin GOLD-PERP	4,363.2	−0.0243	pay 0.0030% / 1h	13m 20s	$26K	$22K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bluefin 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 BluefinbpOrdersPrice spread, now −0.303%Rate

Funding earned: −$91.76
Price spread: −0.303% → 0.000%: −$30.28
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Bluefin: 3.5 bp × 2 orders: −$7
Net: −$141.04
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 6 min ago; Bluefin: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy HTX live order book, 6 min ago	0.01 bp	8.8 bp −$9	11.0 bp −$110	18.6 bp −$1,859	doesn't fit
Sell Bluefin no order-book sample	—	—	—	—	—

Bluefin: 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-PERPshort	−0.0243%	1h	4,363.2	−0.303%	$26K	$22K	20x
Phoenix GOLD	−0.0004%	1h	4,370.3	−0.140%	$48K	$65K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,371.7	−0.109%	$71.9M	$224.8M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,371.1	−0.121%	$410.8M	$2.14B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,371.9	−0.103%	$82.8M	$142.6M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,371.5	−0.112%	$3.4M	$12.3M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,372.5	−0.090%	$267.5M	$417.9M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,371.6	−0.110%	$376.3M	$324.3M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,371.7	−0.108%	$69.6M	$113.3M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,370.5	−0.136%	$48.5M	$29.3M	—	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	4,371	−0.123%	$1.4M	$3.1M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,369	−0.170%	$4.0M	$36.2M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,376.1	−0.008%	$93K	$10.5M	20x	as long as short
edgeX XAUUSDC	+0.0001%	4h	4,365.2	−0.256%	$30.4M	$59.4M	50x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,367.4	−0.206%	$268K	—	250x	as long as short
QFEX GOLD-USD	+0.0032%	1h	4,371	−0.124%	$5.4M	$1.9M	20x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.594%	$619	$54	52x	as long as short
Lighter XAU	+0.0040%	1h	4,370.2	−0.142%	$20.7M	$44.9M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,372.2	−0.096%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,405.8	+0.671%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,367.8	−0.197%	$294.3M	$52.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,367.8	−0.198%	$14.7M	$57.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0055%	8h	4,371.5	−0.113%	$19K	$5K	5x	as long as short
Lighter RH XAU	+0.0056%	1h	4,372.8	−0.083%	$20.2M	$42.3M	25x	as long as short
Hotstuff GOLD-PERP	+0.0064%	1h	4,367.7	−0.199%	$33K	—	25x	as long as short
Extended XAU-USD	+0.0072%	1h	4,367.4	−0.207%	$13.1M	$45.4M	25x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,370.1	−0.144%	$162K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,368.3	−0.186%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,368.2	−0.189%	$277K	$204K	50x	as long as short
Polymarket Perps GOLD-USD	+0.0106%	1h	4,371.2	−0.119%	$4.3M	$1.8M	20x	as long as short
Bullet GOLD-USD	+0.0114%	1h	4,371.7	−0.107%	$59K	$81K	10x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0152%	1h	4,369.3	−0.163%	$2.0M	$5.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0163%	8h	4,372.5	−0.090%	$158.7M	$274.6M	100x	as long as short
HTX XAU-USDTlong	+0.0194%	4h	4,376.4	long leg	$2.9M	$3.8M	75x
Kraken Futures PF_XAUUSD	+0.0219%	1h	4,368.7	−0.177%	$603K	$137K	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,371.6	−0.109%	$14.8M	$4.5M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0300%	1h	4,370	−0.147%	$235K	$736K	25x	as long as short
Phemex XAUUSDT	+0.0316%	4h	4,374.2	−0.050%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0390% / S −0.0197%	1h	4,371.6	−0.110%	$252K	—	111x	as long as short