Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0184%/8h= −20.1% APRpaid last 24h −0.046%

Price spread now: Hotstuff against OKX+0.007%7-day average — · you sell dearer than you buy

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

Long on OKX Short on Hotstuff

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XAU-USDT-SWAP	4,326.1	0.0336	pay 0.0336% / 8h	2h 24m	$170.3M	$293.7M	100x
Short	Hotstuff GOLD-PERP	4,326.4	0.0152	get 0.0019% / 1h	24m 09s	$32K	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against OKX. 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 OKXbpFee HotstuffbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$38.64
Price spread: +0.007% → 0.000%: $0.69
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$52.94
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 5 min ago; Hotstuff: 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 OKX live order book, 5 min ago	0.12 bp	5.1 bp −$5	5.2 bp −$52	8.0 bp −$802	18.4 bp −$9,187
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: 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-PERP	−0.0016%	1h	4,321	−0.117%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,331.5	+0.124%	$92K	$8.3M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,324.5	−0.036%	$271K	—	250x	as long as short
Extended XAU-USD	+0.0032%	1h	4,324.1	−0.045%	$13.2M	$37.1M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.562%	$619	$54	52x	as long as short
Bybit XAUUSDT	+0.0038%	4h	4,325.5	−0.014%	$78.7M	$155.5M	150x	as long as short
Lighter XAU	+0.0040%	1h	4,325	−0.025%	$20.7M	$31.1M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,335	+0.206%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,328.9	+0.065%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,362.4	+0.839%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	4,321.3	−0.111%	$291.3M	$51.2M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,325.2	−0.022%	$15.0M	$56.6M	25x	as long as short
RISEx XAU/USDC	+0.0054%	1h	4,329.9	+0.087%	$4.0M	$12.5M	25x	as long as short
Kalshi KXGOLDPERP	+0.0059%	24h	4,329.1	+0.069%	$4.0M	$41.0M	15x	as long as short
Gate XAU_USDT	+0.0064%	4h	4,326.2	+0.001%	$269.2M	$408.2M	100x	as long as short
Paradex XAU-USD-PERP	+0.0071%	8h	4,329.4	+0.077%	$19K	$5K	5x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,325	−0.025%	$2.1M	$4.7M	25x	as long as short
Lighter RH XAU	+0.0088%	1h	4,327.7	+0.037%	$19.9M	$38.7M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,327.9	+0.042%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,329.7	+0.083%	$276K	$204K	50x	as long as short
Aster XAUUSD1	+0.0107%	4h	4,327.1	+0.023%	$71.5M	$332.3M	20x	as long as short
Variational Omni XAU	+0.0111%	4h	4,332	+0.136%	$48.3M	$27.4M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,327.1	+0.024%	$160K	$87	10x	as long as short
MEXC XAU_USDT	+0.0118%	4h	4,324.7	−0.032%	$361.8M	$325.3M	1000x	as long as short
Binance XAUUSDT	+0.0119%	4h	4,325.1	−0.024%	$413.4M	$2.15B	100x	as long as short
edgeX XAUUSDC	+0.0120%	4h	4,324.5	−0.037%	$30.1M	$59.3M	50x	as long as short
GRVT XAU_USDT_Perp	+0.0122%	4h	4,329.6	+0.080%	$1.4M	$2.9M	25x	as long as short
Phoenix GOLD	+0.0127%	1h	4,331.3	+0.120%	$47K	$77K	25x	as long as short
Hotstuff GOLD-PERPshort	+0.0152%	1h	4,326.4	+0.007%	$32K	—	25x
Bullet GOLD-USD	+0.0158%	1h	4,328.4	+0.053%	$59K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0170%	1h	4,328.3	+0.051%	$4.2M	$2.0M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0248%	1h	4,324.3	−0.042%	$589K	$130K	25x	as long as short
HTX XAU-USDT	+0.0253%	4h	4,330	+0.090%	$2.7M	$4.8M	75x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0259%	1h	4,325.9	−0.005%	$199K	$827K	25x	as long as short
Bitget XAUUSDT	+0.0276%	4h	4,324.4	−0.038%	$72.0M	$116.0M	100x	as long as short
OKX XAU-USDT-SWAPlong	+0.0336%	8h	4,326.1	long leg	$170.3M	$293.7M	100x
BloFin XAU-USDT	+0.0362%	4h	4,333.4	+0.169%	$16.1M	$4.4M	100x	as long as short
Phemex XAUUSDT	+0.0417%	4h	4,330.5	+0.101%	$2.2M	$961K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0451% / S −0.0289%	1h	4,328.6	+0.057%	$249K	—	111x	as long as short