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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0068%/8h= −7.4% APRnext payment $0.09 per $10,000 · paid last 24h −0.009%
Price spread now: Extended against ApeX Omni+0.037%72s7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$410.407% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.115%−$12 on $10k
Price spread, last 3 days (all we have)−0.072%−$7 · spread now +0.037%, 7d avg −0.017%
Together, before fees−0.187%+ Points / potential airdropExtended: Active · farm board−$19 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.054% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.037% now, against its 7-day average of −0.017%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.7 days. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni XAUUSDT4,360.40.0100pay 0.0013% / 1h6m 06s$274K$199K50x
ShortExtended XAU-USD4,362.10.0032get 0.0004% / 1h6m 06s$13.1M$46.3M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against ApeX Omni. 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
−$14.28
Price spread: +0.037% → −0.017%
$5.41
Slippage, 4 orders
−$25.75
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$49.61
Costs to cover
0.407%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 11 min ago; Extended: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 11 min ago7.49 bp16.6 bp −$1728.1 bp −$28143.4 bp −$4,342doesn't fit
Sell Extended live order book, 3 min ago0.12 bp2.6 bp −$33.0 bp −$307.2 bp −$719doesn't fit

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
Kraken Futures PF_XAUUSD−0.0174%1h4,362.4+0.045%$602K$139K25xas long as short
Aster XAUUSD10.0000%4h4,365.7+0.120%$71.5M$233.7M20xas long as short
Binance XAUUSDT0.0000%4h4,365+0.104%$409.7M$2.09B100xas long as short
Bybit XAUUSDT0.0000%4h4,366+0.128%$82.9M$141.7M150xas long as short
RISEx XAU/USDC0.0000%1h4,364.9+0.101%$3.4M$12.4M25xas long as short
Gate XAU_USDT0.0000%4h4,366.1+0.131%$269.5M$412.0M100xas long as short
MEXC XAU_USDT0.0000%4h4,365+0.105%$376.5M$354.3M1000xas long as short
Bitget XAUUSDT0.0000%4h4,365.3+0.112%$67.4M$110.1M100xas long as short
Variational Omni XAU0.0000%4h4,360.3−0.004%$48.5M$31.3Mas long as short
GRVT XAU_USDT_Perp0.0000%4h4,362.8+0.054%$1.4M$3.1M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kalshi KXGOLDPERP0.0000%24h4,362.8+0.054%$4.0M$34.6M15xas long as short
SunX XAU-USDT0.0000%4h4,369.1+0.200%$93K$10.6M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,362+0.036%$268K250xas long as short
QFEX GOLD-USD+0.0002%1h4,363.4+0.068%$5.6M$1.7M20xas long as short
edgeX XAUUSDC+0.0018%4h4,355.3−0.119%$30.3M$57.9M50xas long as short
tradeXYZ xyz:GOLD+0.0018%1h4,360.7+0.006%$293.4M$52.7M25xas long as short
Hotstuff GOLD-PERP+0.0024%1h4,360.3−0.003%$33K25xas long as short
Lighter XAU+0.0032%1h4,364.8+0.101%$20.9M$44.7M25xas long as short
Lighter RH XAU+0.0032%1h4,367+0.150%$20.3M$42.2M25xas long as short
Extended XAU-USDshort+0.0032%1h4,362.1+0.037%$13.1M$46.3M25x
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.230%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,363.6+0.073%$3.8M$4.7M40xas long as short
Vest GC-PERP+0.0046%1h4,399.7+0.901%$1.0M25xas long as short
Polymarket Perps GOLD-USD+0.0050%1h4,363+0.059%$4.3M$1.7M20xas long as short
Paradex XAU-USD-PERP+0.0050%8h4,364.7+0.098%$19K$6K5xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,361.1+0.016%$14.4M$55.6M25xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0071%1h4,363.9+0.080%$235K$734K25xas long as short
Aevo XAU-PERP+0.0080%1h4,364.1+0.083%$162K$8710xas long as short
Bullet GOLD-USD+0.0099%1h4,365.2+0.109%$60K$85K10xas long as short
Pacifica XAU+0.0100%1h4,362+0.035%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDTlong+0.0100%1h4,360.4long leg$274K$199K50x
Bluefin GOLD-PERP+0.0100%1h4,357.4−0.070%$26K$21K20xas long as short
Phoenix GOLD+0.0109%1h4,357.5−0.067%$48K$65K25xas long as short
HTX XAU-USDT+0.0109%4h4,368.1+0.177%$2.8M$3.8M75xas long as short
OKX XAU-USDT-SWAP+0.0158%8h4,366.2+0.132%$158.6M$269.8M100xas long as short
Coinbase International GOLD-PERP-INTX+0.0208%1h4,360.9+0.011%$2.0M$5.1M25xas long as short
BloFin XAU-USDT+0.0240%4h4,364.6+0.096%$14.8M$4.3M100xas long as short
Phemex XAUUSDT+0.0274%4h4,365+0.106%$2.2M$1.1M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0389% / S −0.0197%1h4,365+0.104%$252K111xas long as short