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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0042%/8h= −4.6% APRnext payment $0.05 per $10,000 · paid last 24h +0.001%
Price spread now: Hotstuff against Ondo Perps+0.011%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropOndo Perps: Active · Hotstuff: 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: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps XAU-USD.P4,346.90.0050pay 0.0006% / 1h45m 11s$15.1M$56.7M25x
ShortHotstuff GOLD-PERP4,347.40.0008get 0.0001% / 1h45m 11s$33K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Ondo Perps. 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
−$8.9
Price spread: +0.011% → 0.000%
$1.1
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$17.8
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Ondo Perps: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy Ondo Perps no order-book sample
Sell Hotstuff no order-book sample
Ondo Perps and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin GOLD-PERP−0.0046%1h4,344.4−0.057%$25K$14K20xas long as short
SunX XAU-USDT0.0000%4h4,354.9+0.184%$93K$8.5M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,346.7−0.004%$272K250xas long as short
Hotstuff GOLD-PERPshort+0.0008%1h4,347.4+0.011%$33K25x
Extended XAU-USD+0.0032%1h4,346.7−0.005%$13.2M$37.3M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.081%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,351.3+0.101%$3.8M$4.5M40xas long as short
QFEX GOLD-USD+0.0044%1h4,348.9+0.046%$5.5M$2.1M20xas long as short
Vest GC-PERP+0.0046%1h4,383.4+0.839%$1.0M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,347.4+0.011%$293.7M$49.5M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps XAU-USD.Plong+0.0050%1h4,346.9long leg$15.1M$56.7M25x
RISEx XAU/USDC+0.0054%1h4,351.2+0.098%$3.7M$12.5M25xas long as short
Kalshi KXGOLDPERP+0.0055%24h4,349.5+0.059%$4.2M$39.4M15xas long as short
Lighter XAU+0.0056%1h4,349.7+0.063%$20.7M$30.4M25xas long as short
Paradex XAU-USD-PERP+0.0070%8h4,350.5+0.082%$19K$5K5xas long as short
Bybit XAUUSDT+0.0071%4h4,351.6+0.107%$80.2M$151.7M150xas long as short
Gate XAU_USDT+0.0072%4h4,352.1+0.120%$271.7M$397.6M100xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,348.6+0.039%$2.1M$4.7M25xas long as short
Pacifica XAU+0.0100%1h4,346.9−0.001%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,347+0.001%$277K$204K50xas long as short
Aster XAUUSD1+0.0105%4h4,352.4+0.126%$71.6M$331.2M20xas long as short
Variational Omni XAU+0.0107%4h4,349.4+0.057%$48.5M$27.6Mas long as short
Lighter RH XAU+0.0112%1h4,352.1+0.120%$20.1M$38.2M25xas long as short
Aevo XAU-PERP+0.0112%1h4,349.5+0.059%$161K$8710xas long as short
MEXC XAU_USDT+0.0118%4h4,350.6+0.084%$370.1M$318.0M1000xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0118%1h4,349.2+0.052%$203K$822K25xas long as short
Binance XAUUSDT+0.0118%4h4,350.5+0.083%$418.8M$2.09B100xas long as short
edgeX XAUUSDC+0.0119%4h4,346.1−0.018%$30.2M$58.2M50xas long as short
GRVT XAU_USDT_Perp+0.0120%4h4,350.4+0.081%$1.4M$2.9M25xas long as short
Phoenix GOLD+0.0127%1h4,347.4+0.011%$47K$77K25xas long as short
Bullet GOLD-USD+0.0158%1h4,350.5+0.083%$59K$82K10xas long as short
Polymarket Perps GOLD-USD+0.0168%1h4,350.3+0.078%$4.3M$2.0M20xas long as short
Phemex XAUUSDT+0.0197%4h4,352.9+0.138%$2.2M$967K100xas long as short
Kraken Futures PF_XAUUSD+0.0246%1h4,347.4+0.010%$591K$128K25xas long as short
HTX XAU-USDT+0.0261%4h4,352.4+0.125%$2.8M$4.6M75xas long as short
Bitget XAUUSDT+0.0280%4h4,351.2+0.099%$71.6M$107.9M100xas long as short
OKX XAU-USDT-SWAP+0.0336%8h4,351.9+0.115%$168.3M$282.2M100xas long as short
BloFin XAU-USDT+0.0370%4h4,349.3+0.054%$15.9M$4.4M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0428% / S −0.0252%1h4,350.6+0.085%$251K111xas long as short