Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0006%/8h= −0.7% APRpaid last 24h −0.005%

Price spread now: Gate against Extended+0.129%7-day average +0.120% · 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−$20as in the Price arb table

costs, in and out, $10k−$210.205% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 7 days−0.045%−$5 · spread now +0.129%, 7d avg +0.120%

Together, before fees−0.078%+ Points / potential airdropExtended: Active · farm board−$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XAU-USD	4,336.9	0.0032	pay 0.0004% / 1h	52m 35s	$13.3M	$38.1M	25x
Short	Gate XAU_USDT	4,342.5	0.0026	get 0.0013% / 4h	3h 52m	$267.3M	$410.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.129%Rate

Funding earned: −$1.26
Price spread: +0.129% → +0.120%: $0.87
Slippage, 4 orders: −$0.54
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$20.93
Costs to cover: 0.205%
Break-even: never at this rate

Slippage from Extended: live order book, 7 min ago; Gate: live order book, 1 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, 7 min ago	0.12 bp	2.6 bp −$3	3.1 bp −$31	5.9 bp −$591	24.7 bp −$12.3K
Sell Gate live order book, 1 min ago	0.01 bp	7.5 bp −$8	8.7 bp −$87	12.6 bp −$1,260	14.2 bp −$7,108

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
SunX XAU-USDT	0.0000%	4h	4,344.9	+0.185%	$92K	$8.8M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,337	+0.002%	$289K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,340.3	+0.078%	$3.5M	$12.3M	25x	as long as short
Gate XAU_USDTshort	+0.0026%	4h	4,342.5	+0.129%	$267.3M	$410.4M	100x
Lighter RH XAU	+0.0032%	1h	4,341.2	+0.099%	$20.1M	$39.1M	25x	as long as short
Extended XAU-USDlong	+0.0032%	1h	4,336.9	long leg	$13.3M	$38.1M	25x
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.311%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,341.6	+0.108%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,338.9	+0.045%	$5.7M	$2.0M	20x	as long as short
Bybit XAUUSDT	+0.0045%	4h	4,341.4	+0.102%	$80.8M	$150.4M	150x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,373.4	+0.841%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,337.6	+0.015%	$293.2M	$48.9M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,337.3	+0.009%	$15.1M	$56.7M	25x	as long as short
Kalshi KXGOLDPERP	+0.0050%	24h	4,337.9	+0.022%	$4.2M	$37.4M	15x	as long as short
Lighter XAU	+0.0056%	1h	4,339.5	+0.058%	$20.8M	$34.4M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,338	+0.025%	$2.1M	$4.8M	25x	as long as short
Aster XAUUSD1	+0.0073%	4h	4,342.2	+0.122%	$71.3M	$332.5M	20x	as long as short
Paradex XAU-USD-PERP	+0.0080%	8h	4,340.6	+0.085%	$19K	$5K	5x	as long as short
Variational Omni XAU	+0.0083%	4h	4,341.1	+0.096%	$48.4M	$27.6M	—	as long as short
Bluefin GOLD-PERP	+0.0090%	1h	4,334.4	−0.059%	$25K	$14K	20x	as long as short
MEXC XAU_USDT	+0.0096%	4h	4,340.8	+0.089%	$371.5M	$316.9M	1000x	as long as short
Binance XAUUSDT	+0.0096%	4h	4,340.8	+0.089%	$414.0M	$2.09B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,337	+0.002%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,339.9	+0.068%	$274K	$203K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,340	+0.070%	$161K	$87	10x	as long as short
edgeX XAUUSDC	+0.0106%	4h	4,336.4	−0.011%	$30.2M	$58.1M	50x	as long as short
Hotstuff GOLD-PERP	+0.0112%	1h	4,337.6	+0.015%	$33K	—	25x	as long as short
Phoenix GOLD	+0.0136%	1h	4,339.2	+0.052%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0182%	4h	4,341	+0.094%	$1.4M	$2.9M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0207%	1h	4,340.8	+0.089%	$4.3M	$2.0M	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0211%	1h	4,339.6	+0.062%	$205K	$826K	25x	as long as short
Bullet GOLD-USD	+0.0212%	1h	4,341.1	+0.096%	$59K	$82K	10x	as long as short
Bitget XAUUSDT	+0.0240%	4h	4,341.2	+0.098%	$71.0M	$109.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,337.9	+0.023%	$592K	$132K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0311%	8h	4,342.3	+0.124%	$165.8M	$281.1M	100x	as long as short
BloFin XAU-USDT	+0.0344%	4h	4,341.7	+0.111%	$15.6M	$4.4M	100x	as long as short
Phemex XAUUSDT	+0.0422%	4h	4,344.2	+0.167%	$2.2M	$967K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0425% / S −0.0249%	1h	4,340.9	+0.091%	$250K	—	111x	as long as short
HTX XAU-USDT	+0.0538%	4h	4,345.2	+0.191%	$2.8M	$4.6M	75x	as long as short