Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0059%/8h= +6.5% APRpaid last 24h +0.024%

Price spread now: Binance against Extended+0.085%7-day average +0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$6as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$150.153% of the position

Long on Extended Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.093%+$9 on $10k

Price spread, last 7 days−0.051%−$5 · spread now +0.085%, 7d avg +0.097%

Together, before fees+0.042%+ Points / potential airdropExtended: Active · farm board+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.097%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XAU-USD	4,346	0.0032	pay 0.0004% / 1h	21m 05s	$13.2M	$38.4M	25x
Short	Binance XAUUSDT	4,349.7	0.0091	get 0.0046% / 4h	21m 05s	$413.4M	$2.09B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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

Position, each leg$Hold fordaysFee ExtendedbpFee BinancebpOrdersPrice spread, now +0.085%Rate

Funding earned: $12.48
Price spread: +0.085% → +0.097%: −$1.24
Slippage, 4 orders: −$0.25
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$4.02
Costs to cover: 0.153%
Break-even: 9.3 days

Slippage from Extended: live order book, 3 min ago; Binance: live order book, 8 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 Extended live order book, 3 min ago	0.12 bp	2.6 bp −$3	3.6 bp −$36	8.0 bp −$805	27.7 bp −$13.9K
Sell Binance live order book, 8 min ago	0.01 bp	5.0 bp −$5	5.1 bp −$51	7.1 bp −$713	doesn't fit

XAU on 39 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
RISEx XAU/USDC	0.0000%	1h	4,349.9	+0.091%	$3.4M	$12.3M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,350.7	+0.110%	$265.1M	$415.3M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,353.7	+0.178%	$93K	$8.9M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,345.6	−0.008%	$271K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0024%	1h	4,347.2	+0.029%	$33K	—	25x	as long as short
Lighter XAU	+0.0032%	1h	4,348.9	+0.067%	$20.8M	$38.2M	25x	as long as short
Extended XAU-USDlong	+0.0032%	1h	4,346	long leg	$13.2M	$38.4M	25x
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.103%	$619	$54	52x	as long as short
Lighter RH XAU	+0.0040%	1h	4,351	+0.115%	$20.1M	$39.3M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,350.7	+0.109%	$3.8M	$4.5M	40x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USD	+0.0041%	1h	4,349.4	+0.079%	$5.7M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,383.4	+0.862%	—	$1.0M	25x	as long as short
Kalshi KXGOLDPERP	+0.0047%	24h	4,348.6	+0.061%	$4.2M	$37.3M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,348.3	+0.054%	$2.0M	$4.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,347	+0.024%	$293.8M	$48.7M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,346.1	+0.003%	$15.1M	$56.9M	25x	as long as short
Aster XAUUSD1	+0.0063%	4h	4,350.6	+0.107%	$71.2M	$333.1M	20x	as long as short
Variational Omni XAU	+0.0078%	4h	4,351	+0.116%	$48.4M	$27.9M	—	as long as short
Paradex XAU-USD-PERP	+0.0082%	8h	4,350	+0.092%	$19K	$5K	5x	as long as short
GRVT XAU_USDT_Perp	+0.0088%	4h	4,350.6	+0.108%	$1.4M	$2.9M	25x	as long as short
MEXC XAU_USDT	+0.0090%	4h	4,349.6	+0.085%	$372.8M	$318.3M	1000x	as long as short
Binance XAUUSDTshort	+0.0091%	4h	4,349.7	+0.085%	$413.4M	$2.09B	100x
Pacifica XAU	+0.0100%	1h	4,347.3	+0.031%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,349.5	+0.082%	$275K	$203K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,343.8	−0.050%	$25K	$14K	20x	as long as short
edgeX XAUUSDC	+0.0101%	4h	4,346.3	+0.008%	$30.2M	$58.1M	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,349.3	+0.076%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0142%	1h	4,348.4	+0.056%	$47K	$77K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0158%	1h	4,349.9	+0.091%	$4.3M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0189%	1h	4,350.2	+0.096%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0194%	1h	4,346.7	+0.017%	$593K	$132K	25x	as long as short
Phemex XAUUSDT	+0.0211%	4h	4,352.6	+0.152%	$2.2M	$967K	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0233%	1h	4,348.2	+0.052%	$206K	$822K	25x	as long as short
Bitget XAUUSDT	+0.0234%	4h	4,349.9	+0.091%	$70.0M	$109.4M	100x	as long as short
Bybit XAUUSDT	+0.0244%	4h	4,351.1	+0.119%	$85.3M	$144.8M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0293%	8h	4,350.6	+0.107%	$165.6M	$282.2M	100x	as long as short
BloFin XAU-USDT	+0.0331%	4h	4,350.1	+0.094%	$15.6M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0417% / S −0.0235%	1h	4,349.4	+0.080%	$248K	—	111x	as long as short
HTX XAU-USDT	+0.0624%	4h	4,355.4	+0.217%	$2.9M	$4.3M	75x	as long as short