Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.025%

Price spread now: Extended against Bybit+0.035%7-day average −0.110% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$2as in the Price arb table

costs, in and out, $10k−$170.169% of the position

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 7 days−0.089%−$9 · spread now +0.035%, 7d avg −0.110%

Together, before fees−0.165%+ Points / potential airdropExtended: Active · farm board−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.146% dearer against Bybit than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.110%. Mind the row above: over the last 7 days funding on this pair cost −0.076%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XAUUSDT	4,341.9	0	get 0.0000% / 4h	2h 04m	$82.6M	$144.9M	150x
Short	Extended XAU-USD	4,343.4	0.0032	get 0.0004% / 1h	4m 08s	$13.2M	$50.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bybit. 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 BybitbpFee ExtendedbpOrdersPrice spread, now +0.035%Rate

Funding earned: $6.72
Price spread: +0.035% → −0.110%: $14.55
Slippage, 4 orders: −$0.85
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $4.42
Costs to cover: 0.169%
Break-even: 2.4 days

Slippage from Bybit: live order book, 5 min ago; Extended: live order book, 5 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 Bybit live order book, 5 min ago	0.01 bp	5.6 bp −$6	7.3 bp −$73	10.1 bp −$1,010	36.3 bp −$18.2K
Sell Extended live order book, 5 min ago	0.12 bp	2.6 bp −$3	4.2 bp −$42	8.7 bp −$873	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	−0.0534%	1h	4,334.7	−0.164%	$26K	$21K	20x	as long as short
Aster XAUUSD1	0.0000%	4h	4,344.5	+0.062%	$71.1M	$240.9M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,341.8	0.000%	$411.2M	$2.12B	100x	as long as short
Bybit XAUUSDTlong	0.0000%	4h	4,341.9	long leg	$82.6M	$144.9M	150x
Gate XAU_USDT	0.0000%	4h	4,343	+0.026%	$273.6M	$413.6M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,341.1	−0.018%	$372.1M	$350.7M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,342.4	+0.013%	$67.1M	$114.1M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,341.5	−0.007%	$47.8M	$33.8M	—	as long as short
GRVT XAU_USDT_Perp	0.0000%	4h	4,342.1	+0.006%	$1.4M	$3.3M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,340.3	−0.036%	$3.9M	$34.1M	15x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet GOLD-USD	0.0000%	1h	4,342	+0.003%	$59K	$84K	10x	as long as short
SunX XAU-USDT	0.0000%	4h	4,346.3	+0.101%	$92K	$10.9M	20x	as long as short
HTX XAU-USDT	0.0000%	4h	4,345.3	+0.080%	$2.8M	$3.8M	75x	as long as short
edgeX XAUUSDC	+0.0017%	4h	4,338.3	−0.082%	$30.2M	$58.0M	50x	as long as short
Lighter XAU	+0.0032%	1h	4,340.7	−0.026%	$20.7M	$46.8M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,343.2	+0.030%	$20.1M	$45.1M	25x	as long as short
Extended XAU-USDshort	+0.0032%	1h	4,343.4	+0.035%	$13.2M	$50.8M	25x
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.197%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,342.9	+0.024%	$3.8M	$4.7M	40x	as long as short
tradeXYZ xyz:GOLD	+0.0044%	1h	4,338.9	−0.068%	$292.2M	$53.5M	25x	as long as short
Vest GC-PERP	+0.0046%	1h	4,382.1	+0.927%	—	$995K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,341.2	−0.015%	$4.3M	$2.3M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,341.1	−0.018%	$14.4M	$54.6M	25x	as long as short
Paradex XAU-USD-PERP	+0.0051%	8h	4,342.1	+0.006%	$19K	$6K	5x	as long as short
QFEX GOLD-USD	+0.0052%	1h	4,342.5	+0.015%	$5.5M	$1.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,339.1	−0.063%	$2.0M	$5.2M	25x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,341.7	−0.004%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,341.3	−0.013%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,340.4	−0.035%	$272K	$204K	50x	as long as short
Phoenix GOLD	+0.0109%	1h	4,343.4	+0.036%	$47K	$69K	25x	as long as short
Hotstuff GOLD-PERP	+0.0152%	1h	4,339.2	−0.061%	$33K	—	25x	as long as short
OKX XAU-USDT-SWAP	+0.0180%	8h	4,342.2	+0.008%	$158.0M	$275.1M	100x	as long as short
BloFin XAU-USDT	+0.0189%	4h	4,342	+0.003%	$14.8M	$4.3M	100x	as long as short
RISEx XAU/USDC	+0.0190%	1h	4,342	+0.004%	$3.4M	$12.6M	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0333%	1h	4,338.8	−0.069%	$598K	$141K	25x	as long as short
Phemex XAUUSDT	+0.0412%	4h	4,344.8	+0.068%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0450% / S −0.0246%	1h	4,342	+0.003%	$251K	—	29x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0627%	1h	4,339.2	−0.061%	$221K	$883K	25x	as long as short