Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h +0.003%

Price spread now: Bybit against Extended+0.034%7-day average +0.115% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$160.163% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 7 days+0.045%+$5 · spread now +0.034%, 7d avg +0.115%

Together, before fees+0.117%+ Points / potential airdropExtended: Active · farm board+$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.080% cheaper against Extended than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.115%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.071%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XAU-USD	4,316.3	0.0224	pay 0.0028% / 1h	50m 11s	$12.5M	$34.1M	25x
Short	Bybit XAUUSDT	4,317.8	0.0160	get 0.0080% / 4h	50m 11s	$82.8M	$167.8M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$13.43
Price spread: +0.034% → +0.115%: −$8.04
Slippage, 4 orders: −$0.31
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$37.78
Costs to cover: 0.163%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago	0.12 bp	2.6 bp −$3	3.9 bp −$39	7.7 bp −$772	29.2 bp −$14.6K
Sell Bybit live order book, 2 min ago	0.01 bp	5.5 bp −$6	7.0 bp −$70	13.1 bp −$1,309	34.9 bp −$17.5K

XAU on 39 exchanges

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
Coinbase International GOLD-PERP-INTX	−0.0032%	1h	4,314	−0.053%	$2.1M	$5.0M	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,326.1	+0.228%	$92K	$5.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,317.7	+0.033%	$309K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0024%	1h	4,319.6	+0.077%	$35K	$3K	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.791%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,323.5	+0.167%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,319	+0.063%	$6.7M	$3.3M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,354.2	+0.878%	—	$1.0M	25x	as long as short
Aster XAUUSD1	+0.0046%	4h	4,318	+0.040%	$71.3M	$277.0M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,317	+0.017%	$15.2M	$59.1M	25x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XAU-USD-PERP	+0.0056%	8h	4,318.9	+0.060%	$2K	$13K	5x	as long as short
RISEx XAU/USDC	+0.0062%	1h	4,320.8	+0.105%	$4.7M	$13.4M	25x	as long as short
Lighter XAU	+0.0064%	1h	4,315	−0.030%	$20.0M	$30.2M	25x	as long as short
Variational Omni XAU	+0.0070%	4h	4,319.1	+0.065%	$47.0M	$28.1M	—	as long as short
Gate XAU_USDT	+0.0074%	4h	4,319.2	+0.067%	$302.7M	$433.8M	100x	as long as short
tradeXYZ xyz:GOLD	+0.0082%	1h	4,318.5	+0.051%	$291.7M	$45.6M	25x	as long as short
MEXC XAU_USDT	+0.0084%	4h	4,316.4	+0.004%	$357.2M	$351.0M	1000x	as long as short
edgeX XAUUSDC	+0.0084%	4h	4,319.8	+0.081%	$30.2M	$66.4M	50x	as long as short
Binance XAUUSDT	+0.0086%	4h	4,316.5	+0.005%	$441.7M	$2.44B	100x	as long as short
GRVT XAU_USDT_Perp	+0.0094%	4h	4,323.1	+0.158%	$1.4M	$3.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,317	+0.017%	$1.4M	$1.4M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,319.7	+0.079%	$286K	$227K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,313.5	−0.064%	$25K	$1K	20x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,315.3	−0.023%	$160K	$87	10x	as long as short
Phoenix GOLD	+0.0124%	1h	4,321.2	+0.114%	$43K	$71K	25x	as long as short
Kalshi KXGOLDPERP	+0.0146%	24h	4,319	+0.063%	$3.5M	$51.8M	15x	as long as short
Lighter RH XAU	+0.0160%	1h	4,317.5	+0.027%	$19.5M	$39.2M	25x	as long as short
Bybit XAUUSDTshort	+0.0160%	4h	4,317.8	+0.034%	$82.8M	$167.8M	150x
Deribit GOLD_USDC-PERPETUAL	+0.0167%	1h	4,315.7	−0.014%	$135K	$659K	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0198%	1h	4,316.4	+0.004%	$581K	$166K	25x	as long as short
Bitget XAUUSDT	+0.0202%	4h	4,317.1	+0.020%	$73.0M	$141.3M	100x	as long as short
Phemex XAUUSDT	+0.0217%	4h	4,318.9	+0.059%	$2.2M	$733K	100x	as long as short
Extended XAU-USDlong	+0.0224%	1h	4,316.3	long leg	$12.5M	$34.1M	25x
OKX XAU-USDT-SWAP	+0.0227%	8h	4,317.6	+0.030%	$171.2M	$363.3M	100x	as long as short
Bullet GOLD-USD	+0.0233%	1h	4,322.1	+0.134%	$59K	$77K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0241%	1h	4,321.4	+0.118%	$4.3M	$1.7M	20x	as long as short
BloFin XAU-USDT	+0.0324%	4h	4,322.3	+0.138%	$16.5M	$5.2M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0426% / S −0.0258%	1h	4,322.2	+0.136%	$253K	—	111x	as long as short
HTX XAU-USDT	+0.1033%	4h	4,323.8	+0.175%	$3.2M	$7.1M	75x	as long as short