Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.1072%/8h= −117.4% APRpaid last 24h −0.095%

Price spread now: StandX against HTX−0.107%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$310.313% of the position

Long on HTX Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now −0.107%, 7d avg −0.042%

Together, before fees−0.067%+ Points / potential airdropStandX: Active · farm board−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$32 a day on $10k at the current rate, and StandX is 0.065% cheaper against HTX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.042%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.044% 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 is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAU-USDT	4,337.3	0.1112	pay 0.0556% / 4h	2h 56m	$3.2M	$7.0M	75x
Short	StandX XAU-USD	4,332.7	0.0040	get 0.0005% / 1h	56m 41s	$3.8M	$4.5M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.107%Rate

Funding earned: −$225.06
Price spread: −0.107% → −0.042%: −$6.47
Slippage, 4 orders: −$11.34
Fee HTX: 6 bp × 2 orders: −$12
Fee StandX: 4 bp × 2 orders: −$8
Net: −$262.86
Costs to cover: 0.313%
Break-even: never at this rate

Slippage from HTX: live order book, 2 min ago; StandX: live order book, 2 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, 2 min ago	0.01 bp	7.4 bp −$7	10.5 bp −$105	23.4 bp −$2,344	doesn't fit
Sell StandX live order book, 2 min ago	2.65 bp	7.3 bp −$7	7.6 bp −$76	10.0 bp −$996	12.0 bp −$5,994

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
SunX XAU-USDT	0.0000%	4h	4,333.7	−0.084%	$92K	$6.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,330.7	−0.154%	$275K	—	250x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0024%	1h	4,327.4	−0.229%	$2.0M	$5.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.302%	$619	$54	52x	as long as short
QFEX GOLD-USD	+0.0038%	1h	4,326.9	−0.241%	$6.6M	$3.0M	20x	as long as short
Bluefin GOLD-PERP	+0.0039%	1h	4,323.5	−0.319%	$25K	$1K	20x	as long as short
StandX XAU-USDshort	+0.0040%	1h	4,332.7	−0.107%	$3.8M	$4.5M	40x
Vest GC-PERP	+0.0046%	1h	4,362.5	+0.580%	—	$1.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0048%	1h	4,326.2	−0.257%	$32K	—	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,324.3	−0.301%	$292.1M	$55.5M	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	4,323.6	−0.317%	$15.1M	$57.4M	25x	as long as short
RISEx XAU/USDC	+0.0056%	1h	4,329	−0.192%	$4.6M	$13.6M	25x	as long as short
Paradex XAU-USD-PERP	+0.0058%	8h	4,327	−0.239%	$2K	$13K	5x	as long as short
Aster XAUUSD1	+0.0059%	4h	4,328.8	−0.197%	$74.4M	$273.0M	20x	as long as short
Extended XAU-USD	+0.0080%	1h	4,323.6	−0.317%	$12.7M	$35.8M	25x	as long as short
Variational Omni XAU	+0.0093%	4h	4,332	−0.124%	$47.2M	$30.1M	—	as long as short
Phoenix GOLD	+0.0095%	1h	4,333.5	−0.089%	$43K	$67K	25x	as long as short
Lighter RH XAU	+0.0096%	1h	4,329.2	−0.188%	$19.8M	$38.5M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,323.7	−0.314%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,330	−0.169%	$284K	$232K	50x	as long as short
Lighter XAU	+0.0104%	1h	4,326.8	−0.242%	$20.2M	$29.3M	25x	as long as short
Gate XAU_USDT	+0.0104%	4h	4,329.7	−0.176%	$300.4M	$428.8M	100x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,328.7	−0.199%	$160K	$87	10x	as long as short
MEXC XAU_USDT	+0.0114%	4h	4,327.7	−0.222%	$353.4M	$347.9M	1000x	as long as short
Binance XAUUSDT	+0.0115%	4h	4,327.7	−0.221%	$435.6M	$2.36B	100x	as long as short
Polymarket Perps GOLD-USD	+0.0120%	1h	4,328.9	−0.195%	$4.3M	$1.7M	20x	as long as short
Kalshi KXGOLDPERP	+0.0120%	24h	4,332.4	−0.114%	$3.5M	$48.6M	15x	as long as short
edgeX XAUUSDC	+0.0127%	4h	4,330.2	−0.165%	$30.3M	$64.9M	50x	as long as short
GRVT XAU_USDT_Perp	+0.0132%	4h	4,331.1	−0.143%	$1.4M	$3.0M	25x	as long as short
Bybit XAUUSDT	+0.0140%	4h	4,329	−0.192%	$81.7M	$170.1M	150x	as long as short
Bullet GOLD-USD	+0.0180%	1h	4,329.4	−0.184%	$58K	$77K	10x	as long as short
Bitget XAUUSDT	+0.0196%	4h	4,327.8	−0.219%	$72.0M	$132.6M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0212%	1h	4,327.6	−0.225%	$134K	$781K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0244%	8h	4,328.9	−0.195%	$171.2M	$355.0M	100x	as long as short
BloFin XAU-USDT	+0.0355%	4h	4,329.7	−0.176%	$16.2M	$5.5M	100x	as long as short
Phemex XAUUSDT	+0.0361%	4h	4,333.1	−0.099%	$2.2M	$961K	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0411%	1h	4,326.6	−0.247%	$582K	$150K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0466% / S −0.0313%	1h	4,332.8	−0.105%	$256K	—	111x	as long as short
HTX XAU-USDTlong	+0.1112%	4h	4,337.3	long leg	$3.2M	$7.0M	75x