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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0072%/8h= +7.9% APRnext payment +$0.09 per $10,000 · paid last 24h +0.016%
Price spread now: Aevo against Extended+0.095%7-day average +0.045% · 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−$32as in the Price arb table
costs, in and out, $10k−$370.366% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.127%+$13 on $10k
Price spread, last 4 days (all we have)+0.017%+$2 · spread now +0.095%, 7d avg +0.045%
Together, before fees+0.144%+ Points / potential airdropExtended: Active · farm board+$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aevo is 0.050% dearer against Extended than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.045%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended XAU-USD4,321.70.0032pay 0.0004% / 1h55m 41s$13.1M$36.6M25x
ShortAevo XAU-PERP4,325.80.0104get 0.0013% / 1h55m 41s$160K$8710x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Extended. 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
$15.12
Price spread: +0.095% → +0.045%
$5.02
Slippage, 4 orders
−$15.59
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$16.45
Costs to cover
0.366%
Break-even
14.6 days
Slippage from Extended: live order book, 3 min ago; Aevo: live order book, 53 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 Extended live order book, 3 min ago0.12 bp2.6 bp −$33.3 bp −$336.7 bp −$67324.9 bp −$12.4K
Sell Aevo live order book, 53 min ago5.21 bp16.4 bp −$1631.4 bp −$314doesn't fitdoesn'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
Bluefin GOLD-PERP−0.0056%1h4,319.9−0.041%$25K$14K20xas long as short
SunX XAU-USDT0.0000%4h4,329.7+0.185%$92K$8.0M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,322.4+0.017%$270K250xas long as short
Bybit XAUUSDT+0.0008%4h4,326.7+0.115%$77.8M$156.8M150xas long as short
Extended XAU-USDlong+0.0032%1h4,321.7long leg$13.1M$36.6M25x
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.664%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,328.6+0.159%$3.8M$4.5M40xas long as short
QFEX GOLD-USD+0.0042%1h4,325.3+0.083%$5.4M$2.1M20xas long as short
Vest GC-PERP+0.0046%1h4,359+0.863%$1.0M25xas long as short
Hotstuff GOLD-PERP+0.0048%1h4,323.4+0.039%$32K25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:GOLD+0.0050%1h4,322.4+0.016%$291.5M$51.7M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,322+0.006%$15.0M$56.1M25xas long as short
Lighter XAU+0.0056%1h4,324.8+0.070%$20.4M$30.0M25xas long as short
Kalshi KXGOLDPERP+0.0067%24h4,326.9+0.120%$3.9M$42.7M15xas long as short
Paradex XAU-USD-PERP+0.0070%8h4,325.6+0.089%$19K$5K5xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,324.2+0.058%$2.1M$4.8M25xas long as short
GRVT XAU_USDT_Perp+0.0074%4h4,326.5+0.111%$1.4M$3.0M25xas long as short
Gate XAU_USDT+0.0076%4h4,327.8+0.140%$272.9M$404.7M100xas long as short
Aster XAUUSD1+0.0081%4h4,327.3+0.130%$72.4M$319.8M20xas long as short
Variational Omni XAU+0.0089%4h4,326.3+0.106%$47.1M$29.2Mas long as short
Lighter RH XAU+0.0096%1h4,327.3+0.130%$19.8M$38.2M25xas long as short
MEXC XAU_USDT+0.0096%4h4,325.9+0.097%$363.7M$324.1M1000xas long as short
Binance XAUUSDT+0.0097%4h4,325.9+0.097%$413.7M$2.12B100xas long as short
Pacifica XAU+0.0100%1h4,321.8+0.001%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,322.3+0.014%$272K$208K50xas long as short
edgeX XAUUSDC+0.0102%4h4,324.1+0.055%$30.1M$60.3M50xas long as short
Aevo XAU-PERPshort+0.0104%1h4,325.8+0.095%$160K$8710x
Phoenix GOLD+0.0127%1h4,324.8+0.071%$47K$79K25xas long as short
Kraken Futures PF_XAUUSD+0.0153%1h4,323.5+0.040%$589K$130K25xas long as short
RISEx XAU/USDC+0.0184%1h4,326.7+0.115%$3.8M$12.5M25xas long as short
Bullet GOLD-USD+0.0201%1h4,327.1+0.125%$59K$82K10xas long as short
HTX XAU-USDT+0.0205%4h4,329.4+0.178%$2.8M$4.9M75xas long as short
Polymarket Perps GOLD-USD+0.0211%1h4,326.6+0.113%$4.2M$1.9M20xas long as short
Bitget XAUUSDT+0.0236%4h4,326+0.099%$67.9M$119.2M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0305%1h4,324.9+0.074%$193K$829K25xas long as short
OKX XAU-USDT-SWAP+0.0318%8h4,326.2+0.104%$170.2M$297.2M100xas long as short
BloFin XAU-USDT+0.0336%4h4,325+0.076%$16.0M$4.4M100xas long as short
Phemex XAUUSDT+0.0393%4h4,328.4+0.155%$2.2M$961K100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0463% / S −0.0307%1h4,327.1+0.125%$253K111xas long as short