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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.09 per $10,000 · paid last 24h +0.010%
Price spread now: ApeX Omni against Extended+0.102%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$400.397% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.121%+$12 on $10k
Price spread, last 4 days (all we have)−0.075%−$7 · spread now +0.102%, 7d avg +0.020%
Together, before fees+0.046%+ Points / potential airdropExtended: Active · farm board+$5 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 ApeX Omni is 0.082% dearer against Extended than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.020%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended XAU-USD4,301.50.0032pay 0.0004% / 1h42m 48s$13.0M$36.2M25x
ShortApeX Omni XAUUSDT4,305.90.0100get 0.0013% / 1h42m 48s$276K$218K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni 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
$14.28
Price spread: +0.102% → +0.020%
$8.18
Slippage, 4 orders
−$24.67
Fee Extended: 2.5 bp × 2 orders
−$5
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$17.21
Costs to cover
0.397%
Break-even
15.4 days
Slippage from Extended: live order book, 1 min ago; ApeX Omni: live order book, 54 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, 1 min ago0.12 bp2.6 bp −$32.6 bp −$265.1 bp −$51227.6 bp −$13.8K
Sell ApeX Omni live order book, 54 min ago5.20 bp16.4 bp −$1629.3 bp −$29340.5 bp −$4,051doesn'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
SunX XAU-USDT0.0000%4h4,309.8+0.193%$92K$6.8M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,302.1+0.013%$268K250xas long as short
Hotstuff GOLD-PERP+0.0016%1h4,308.7+0.167%$32K25xas long as short
Extended XAU-USDlong+0.0032%1h4,301.5long leg$13.0M$36.2M25x
Injective XAU/USDC PERP+0.0033%1h4,350.4+1.137%$619$5452xas long as short
Bybit XAUUSDT+0.0037%4h4,307+0.128%$76.9M$157.3M150xas long as short
Vest GC-PERP+0.0046%1h4,338.4+0.858%$1.0M25xas long as short
QFEX GOLD-USD+0.0046%1h4,305.8+0.100%$6.6M$3.2M20xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,302.7+0.028%$290.8M$54.5M25xas long as short
Polymarket Perps GOLD-USD+0.0050%1h4,303.3+0.042%$4.3M$1.8M20xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps XAU-USD.P+0.0050%1h4,302.8+0.030%$15.0M$55.7M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0056%1h4,302+0.011%$2.0M$5.1M25xas long as short
Aster XAUUSD1+0.0057%4h4,307.9+0.149%$73.3M$271.8M20xas long as short
Paradex XAU-USD-PERP+0.0061%8h4,305.6+0.095%$2K$13K5xas long as short
Lighter XAU+0.0080%1h4,305.2+0.085%$20.3M$28.7M25xas long as short
Lighter RH XAU+0.0088%1h4,307.6+0.142%$19.8M$39.7M25xas long as short
Phoenix GOLD+0.0095%1h4,305.5+0.093%$42K$86K25xas long as short
Pacifica XAU+0.0100%1h4,302.2+0.017%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDTshort+0.0100%1h4,305.9+0.102%$276K$218K50x
StandX XAU-USD+0.0104%1h4,309.6+0.188%$3.8M$4.5M40xas long as short
Variational Omni XAU+0.0106%4h4,313.8+0.287%$46.8M$29.1Mas long as short
Kalshi KXGOLDPERP+0.0107%24h4,308.3+0.158%$3.7M$46.3M15xas long as short
Binance XAUUSDT+0.0108%4h4,306.1+0.106%$433.6M$2.22B100xas long as short
Gate XAU_USDT+0.0112%4h4,307.8+0.146%$295.4M$424.4M100xas long as short
MEXC XAU_USDT+0.0112%4h4,305.6+0.095%$360.9M$335.3M1000xas long as short
Aevo XAU-PERP+0.0112%1h4,305.6+0.095%$159K$8710xas long as short
edgeX XAUUSDC+0.0118%4h4,309.9+0.196%$30.0M$62.1M50xas long as short
GRVT XAU_USDT_Perp+0.0120%4h4,309.7+0.191%$1.4M$3.1M25xas long as short
RISEx XAU/USDC+0.0126%1h4,306.6+0.117%$4.4M$13.1M25xas long as short
Bitget XAUUSDT+0.0190%4h4,306+0.104%$70.2M$124.0M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0192%1h4,304.4+0.067%$134K$882K25xas long as short
Bullet GOLD-USD+0.0201%1h4,306.4+0.114%$58K$81K10xas long as short
OKX XAU-USDT-SWAP+0.0250%8h4,307.2+0.132%$170.2M$328.0M100xas long as short
Kraken Futures PF_XAUUSD+0.0328%1h4,303.3+0.041%$572K$138K25xas long as short
BloFin XAU-USDT+0.0398%4h4,306.2+0.109%$16.1M$5.0M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0466% / S −0.0314%1h4,306+0.105%$255K111xas long as short
Phemex XAUUSDT+0.0776%4h4,309.8+0.193%$2.2M$951K100xas long as short
HTX XAU-USDT+0.1103%4h4,313.4+0.277%$3.2M$6.2M75xas long as short
Bluefin GOLD-PERP+0.4251%1h4,345.1+1.012%$25K$1K20xas long as short