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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0066%/8h= −7.3% APRnext payment $0.08 per $10,000 · paid last 24h +0.197%
Price spread now: Bluefin against StandX−0.184%7-day average · you buy dearer than you sell
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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropStandX: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bluefin is 0.184% cheaper against StandX than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX XAU-USD4,3100.0149pay 0.0019% / 1h3m 54s$3.8M$4.5M40x
ShortBluefin GOLD-PERP4,302.10.0082get 0.0010% / 1h3m 54s$25K$1K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bluefin against StandX. 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
−$13.93
Price spread: −0.184% → 0.000%
−$18.45
Slippage, 4 orders
no order book: not counted
Fee StandX: 4 bp × 2 orders
−$8
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
−$47.38
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: StandX: live order book, 5 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
LegHalf-spread$10k$100k$1M$5M
Buy StandX live order book, 5 min ago0.12 bp4.1 bp −$44.8 bp −$489.2 bp −$92012.0 bp −$5,978
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX XAU-USDT0.0000%4h4,310.6+0.014%$92K$7.0M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,302.7−0.168%$268K250xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.938%$619$5452xas long as short
QFEX GOLD-USD+0.0045%1h4,305.2−0.111%$6.6M$3.1M20xas long as short
Vest GC-PERP+0.0046%1h4,338.4+0.659%$1.0M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,303.2−0.158%$289.7M$52.9M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,302.9−0.165%$15.0M$55.3M25xas long as short
Hotstuff GOLD-PERP+0.0056%1h4,303.4−0.153%$32K25xas long as short
Aster XAUUSD1+0.0057%4h4,308.1−0.044%$72.8M$271.9M20xas long as short
Paradex XAU-USD-PERP+0.0062%8h4,305.6−0.102%$2K$14K5xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit XAUUSDT+0.0071%4h4,307.4−0.061%$77.2M$155.7M150xas long as short
Lighter XAU+0.0072%1h4,305.6−0.103%$20.2M$30.2M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,303.4−0.153%$2.0M$5.1M25xas long as short
Bluefin GOLD-PERPshort+0.0082%1h4,302.1−0.184%$25K$1K20x
Phoenix GOLD+0.0096%1h4,305.5−0.104%$42K$79K25xas long as short
Pacifica XAU+0.0100%1h4,303.2−0.158%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,304−0.140%$269K$214K50xas long as short
Kalshi KXGOLDPERP+0.0100%24h4,308.3−0.039%$3.7M$45.5M15xas long as short
Variational Omni XAU+0.0101%4h4,306.5−0.080%$46.7M$29.3Mas long as short
Lighter RH XAU+0.0104%1h4,308.1−0.044%$19.9M$40.3M25xas long as short
Extended XAU-USD+0.0104%1h4,302.4−0.177%$13.1M$36.7M25xas long as short
MEXC XAU_USDT+0.0110%4h4,306.7−0.076%$367.6M$342.3M1000xas long as short
Binance XAUUSDT+0.0111%4h4,306.8−0.074%$428.9M$2.16B100xas long as short
Aevo XAU-PERP+0.0112%1h4,306.1−0.091%$159K$8710xas long as short
GRVT XAU_USDT_Perp+0.0114%4h4,308−0.047%$1.4M$3.0M25xas long as short
Gate XAU_USDT+0.0116%4h4,308.7−0.031%$287.4M$432.5M100xas long as short
edgeX XAUUSDC+0.0130%4h4,304.2−0.135%$29.9M$60.3M50xas long as short
StandX XAU-USDlong+0.0149%1h4,310long leg$3.8M$4.5M40x
Bitget XAUUSDT+0.0190%4h4,306.6−0.080%$70.4M$121.8M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0192%1h4,305.2−0.111%$136K$865K25xas long as short
Bullet GOLD-USD+0.0199%1h4,306.8−0.075%$59K$81K10xas long as short
Polymarket Perps GOLD-USD+0.0222%1h4,306.8−0.074%$4.3M$1.8M20xas long as short
Kraken Futures PF_XAUUSD+0.0229%1h4,304.1−0.137%$572K$138K25xas long as short
OKX XAU-USDT-SWAP+0.0260%8h4,306−0.093%$174.2M$307.8M100xas long as short
BloFin XAU-USDT+0.0369%4h4,306.5−0.082%$16.6M$5.0M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0464% / S −0.0311%1h4,306.5−0.080%$253K111xas long as short
Phemex XAUUSDT+0.0497%4h4,311.4+0.032%$2.2M$951K100xas long as short
HTX XAU-USDT+0.0545%4h4,312.6+0.061%$3.2M$6.1M75xas long as short
RISEx XAU/USDC+0.0643%1h4,306.6−0.079%$4.5M$13.1M25xas long as short