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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0154%/8h= −16.8% APRnext payment $0.19 per $10,000 · paid last 24h −0.026%
Price spread now: Extended against Bullet−0.096%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Extended is 0.096% cheaper against Bullet than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet GOLD-USD4,352.90.0186pay 0.0023% / 1h55m 59s$59K$83K10x
ShortExtended XAU-USD4,348.80.0032get 0.0004% / 1h55m 59s$13.5M$41.1M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Bullet. 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
−$32.28
Price spread: −0.096% → 0.000%
−$9.59
Slippage, 4 orders
no order book: not counted
Fee Bullet: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$54.87
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Bullet: no order-book sample; Extended: live order book, 3 min ago. 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 Bullet no order-book sample
Sell Extended live order book, 3 min ago0.12 bp3.6 bp −$44.8 bp −$488.9 bp −$89131.3 bp −$15.7K
Bullet: 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 38 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−0.0205%1h4,346.7−0.144%$25K$14K20xas long as short
Gate XAU_USDT0.0000%4h4,354+0.024%$262.1M$404.5M100xas long as short
SunX XAU-USDT0.0000%4h4,357.1+0.095%$93K$9.4M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,348.7−0.097%$269K250xas long as short
RISEx XAU/USDC+0.0010%1h4,353.3+0.008%$3.4M$12.4M25xas long as short
Lighter XAU+0.0032%1h4,352−0.022%$20.6M$41.7M25xas long as short
Extended XAU-USDshort+0.0032%1h4,348.8−0.096%$13.5M$41.1M25x
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.058%$619$5452xas long as short
Kalshi KXGOLDPERP+0.0036%24h4,351.1−0.042%$4.1M$36.1M15xas long as short
StandX XAU-USD+0.0040%1h4,355.6+0.061%$3.8M$4.6M40xas long as short
Show all 38 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest GC-PERP+0.0046%1h4,386.6+0.773%$1.0M25xas long as short
QFEX GOLD-USD+0.0046%1h4,352.8−0.003%$5.6M$1.9M20xas long as short
Coinbase International GOLD-PERP-INTX+0.0048%1h4,352.3−0.014%$2.0M$4.9M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,349.3−0.083%$293.5M$49.0M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,349.8−0.071%$15.1M$57.9M25xas long as short
Lighter RH XAU+0.0056%1h4,354.4+0.034%$20.1M$39.3M25xas long as short
Aster XAUUSD1+0.0059%4h4,352.90.000%$70.0M$327.2M20xas long as short
Hotstuff GOLD-PERP+0.0080%1h4,349.8−0.072%$33K25xas long as short
Paradex XAU-USD-PERP+0.0086%8h4,353.2+0.007%$19K$5K5xas long as short
Polymarket Perps GOLD-USD+0.0092%1h4,352.2−0.017%$4.3M$1.9M20xas long as short
Pacifica XAU+0.0100%1h4,350.6−0.054%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,349.6−0.076%$275K$204K50xas long as short
Variational Omni XAU+0.0107%4h4,352.3−0.015%$48.3M$28.1Mas long as short
Aevo XAU-PERP+0.0112%1h4,352.4−0.011%$161K$8710xas long as short
MEXC XAU_USDT+0.0118%4h4,352.7−0.005%$372.4M$315.2M1000xas long as short
edgeX XAUUSDC+0.0118%4h4,346.1−0.157%$30.2M$59.3M50xas long as short
Binance XAUUSDT+0.0119%4h4,352.4−0.013%$410.8M$2.09B100xas long as short
Phoenix GOLD+0.0121%1h4,351−0.044%$47K$77K25xas long as short
GRVT XAU_USDT_Perp+0.0136%4h4,353.3+0.009%$1.4M$3.0M25xas long as short
Bullet GOLD-USDlong+0.0186%1h4,352.9long leg$59K$83K10x
Bybit XAUUSDT+0.0201%4h4,353.5+0.013%$84.0M$144.8M150xas long as short
Bitget XAUUSDT+0.0208%4h4,353.1+0.004%$69.6M$109.0M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0210%1h4,351.1−0.042%$260K$700K25xas long as short
OKX XAU-USDT-SWAP+0.0248%8h4,354+0.025%$164.6M$281.6M100xas long as short
Kraken Futures PF_XAUUSD+0.0269%1h4,349.8−0.071%$593K$133K25xas long as short
Phemex XAUUSDT+0.0325%4h4,355.4+0.057%$2.2M$1.1M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0396% / S −0.0205%1h4,352.90.000%$251K111xas long as short
HTX XAU-USDT+0.0610%4h4,358.2+0.120%$2.9M$4.2M75xas long as short