Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.055%

Price spread now: Extended against Bitget−0.026%7-day average −0.097% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$180.177% of the position

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.164%−$16 on $10k

Price spread, last 7 days−0.011%−$1 · spread now −0.026%, 7d avg −0.097%

Together, before fees−0.175%+ Points / potential airdropExtended: Active · farm board−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.071% dearer against Bitget than usual: you sell high and buy low (spread −0.026% now, against its 7-day average of −0.097%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XAUUSDT	4,345.8	0.0100	pay 0.0050% / 4h	2h 22m	$67.3M	$112.7M	100x
Short	Extended XAU-USD	4,344.7	0.0032	get 0.0004% / 1h	22m 23s	$13.1M	$50.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bitget. 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 BitgetbpFee ExtendedbpOrdersPrice spread, now −0.026%Rate

Funding earned: −$14.28
Price spread: −0.026% → −0.097%: $7.07
Slippage, 4 orders: −$0.73
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$24.94
Costs to cover: 0.177%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Extended: 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 Bitget live order book, 2 min ago	0.01 bp	6.5 bp −$6	8.4 bp −$84	12.4 bp −$1,235	doesn't fit
Sell Extended live order book, 2 min ago	0.12 bp	2.6 bp −$3	4.0 bp −$40	7.6 bp −$764	doesn't fit

XAU on 38 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	−0.0330%	1h	4,341.1	−0.109%	$26K	$21K	20x	as long as short
Aster XAUUSD1	0.0000%	4h	4,346.5	+0.016%	$70.8M	$240.4M	20x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,346.6	+0.018%	$82.9M	$142.9M	150x	as long as short
Gate XAU_USDT	0.0000%	4h	4,347.2	+0.030%	$272.3M	$411.5M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,343.9	−0.045%	$3.9M	$34.1M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,350.1	+0.098%	$92K	$10.9M	20x	as long as short
GRVT XAU_USDT_Perp	+0.0008%	4h	4,345.8	−0.001%	$1.4M	$3.3M	25x	as long as short
Lighter XAU	+0.0032%	1h	4,344.8	−0.023%	$20.6M	$46.5M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,347.5	+0.037%	$20.1M	$44.8M	25x	as long as short
Extended XAU-USDshort	+0.0032%	1h	4,344.7	−0.026%	$13.1M	$50.7M	25x

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.105%	$619	$54	52x	as long as short
Bullet GOLD-USD	+0.0034%	1h	4,345.9	0.000%	$58K	$83K	10x	as long as short
StandX XAU-USD	+0.0040%	1h	4,346.1	+0.006%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,382.1	+0.834%	—	$995K	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,343.2	−0.061%	$293.0M	$51.7M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,345.4	−0.010%	$4.3M	$2.2M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,342.3	−0.081%	$14.8M	$52.7M	25x	as long as short
QFEX GOLD-USD	+0.0052%	1h	4,345	−0.019%	$5.5M	$1.9M	20x	as long as short
Paradex XAU-USD-PERP	+0.0062%	8h	4,346.1	+0.005%	$19K	$6K	5x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,343.6	−0.052%	$2.0M	$5.2M	25x	as long as short
Binance XAUUSDT	+0.0084%	4h	4,345.7	−0.004%	$412.4M	$2.09B	100x	as long as short
Variational Omni XAU	+0.0086%	4h	4,345.6	−0.006%	$47.8M	$34.2M	—	as long as short
MEXC XAU_USDT	+0.0086%	4h	4,345.7	−0.004%	$369.1M	$341.9M	1000x	as long as short
Hotstuff GOLD-PERP	+0.0088%	1h	4,342.9	−0.068%	$33K	—	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,344	−0.042%	$1.4M	$1.2M	10x	as long as short
Bitget XAUUSDTlong	+0.0100%	4h	4,345.8	long leg	$67.3M	$112.7M	100x
ApeX Omni XAUUSDT	+0.0100%	1h	4,342.9	−0.068%	$273K	$203K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,345.5	−0.008%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0109%	1h	4,345.1	−0.017%	$47K	$69K	25x	as long as short
edgeX XAUUSDC	+0.0112%	4h	4,341.5	−0.099%	$30.2M	$57.5M	50x	as long as short
HTX XAU-USDT	+0.0129%	4h	4,349.2	+0.078%	$2.8M	$3.7M	75x	as long as short
RISEx XAU/USDC	+0.0190%	1h	4,346	+0.004%	$3.5M	$12.5M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0242%	8h	4,345.9	+0.001%	$157.7M	$271.8M	100x	as long as short
BloFin XAU-USDT	+0.0327%	4h	4,345.8	−0.002%	$14.8M	$4.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0333%	1h	4,343.3	−0.058%	$587K	$114K	25x	as long as short
Phemex XAUUSDT	+0.0382%	4h	4,348.7	+0.066%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0495% / S −0.0311%	1h	4,345.7	−0.002%	$251K	—	29x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0672%	1h	4,342.9	−0.068%	$221K	$893K	25x	as long as short