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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0219%/8h= +24.0% APRnext payment +$0.27 per $10,000 · paid last 24h +0.036%
Price spread now: GMX against Extended+0.103%7-day average +0.067% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.107%+$11 on $10k
Price spread, last 4 days (all we have)+0.026%+$3 · spread now +0.103%, 7d avg +0.067%
Together, before fees+0.133%+ Points / potential airdropExtended: Active · farm board+$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and GMX is 0.036% dearer against Extended than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.067%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended XAU-USD4,338.60.0032pay 0.0004% / 1h48m 15s$13.3M$37.9M25x
ShortGMX GOLD/USD [ETH-USDC]4,343.1L +0.0426% / S −0.0251%get 0.0031% / 1h48m 15s$250K111x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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
$45.99
Price spread: +0.103% → +0.067%
$3.65
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee GMX: 6 bp × 2 orders
−$12
Net
$32.64
Costs to cover
0.170%
Break-even
2.0 days
Slippage unknown: Extended: live order book, 6 min ago; GMX: no order-book sample. Net counts fees only.

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, 6 min ago0.12 bp2.6 bp −$33.2 bp −$326.5 bp −$65226.8 bp −$13.4K
Sell GMX no order-book sample
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%4h4,346.6+0.184%$92K$8.7M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,338.8+0.004%$271K250xas long as short
RISEx XAU/USDC+0.0005%1h4,341.4+0.063%$3.5M$12.2M25xas long as short
Bluefin GOLD-PERP+0.0012%1h4,335.8−0.066%$25K$14K20xas long as short
Lighter RH XAU+0.0032%1h4,343.9+0.121%$20.0M$39.2M25xas long as short
Extended XAU-USDlong+0.0032%1h4,338.6long leg$13.3M$37.9M25x
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.272%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,341.7+0.071%$3.8M$4.5M40xas long as short
QFEX GOLD-USD+0.0042%1h4,340.7+0.048%$5.7M$2.0M20xas long as short
Vest GC-PERP+0.0046%1h4,374.6+0.829%$1.0M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:GOLD+0.0050%1h4,340.4+0.041%$293.5M$49.0M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,338.8+0.003%$15.1M$56.8M25xas long as short
Kalshi KXGOLDPERP+0.0051%24h4,338.8+0.004%$4.3M$37.5M15xas long as short
Bybit XAUUSDT+0.0055%4h4,343.9+0.122%$80.5M$150.6M150xas long as short
Lighter XAU+0.0056%1h4,342+0.076%$20.8M$34.5M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0056%1h4,340.1+0.034%$2.1M$4.8M25xas long as short
Gate XAU_USDT+0.0060%4h4,345+0.146%$267.7M$411.6M100xas long as short
Hotstuff GOLD-PERP+0.0064%1h4,338.2−0.010%$33K25xas long as short
Aster XAUUSD1+0.0073%4h4,343.8+0.120%$71.5M$332.5M20xas long as short
Paradex XAU-USD-PERP+0.0081%8h4,342.1+0.079%$19K$5K5xas long as short
Variational Omni XAU+0.0082%4h4,340.8+0.050%$48.4M$27.6Mas long as short
MEXC XAU_USDT+0.0096%4h4,343.4+0.110%$372.6M$317.4M1000xas long as short
Binance XAUUSDT+0.0099%4h4,343.1+0.103%$415.0M$2.09B100xas long as short
Pacifica XAU+0.0100%1h4,338.5−0.003%$1.4M$1.1M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,339.2+0.012%$274K$203K50xas long as short
Aevo XAU-PERP+0.0104%1h4,341.7+0.071%$161K$8710xas long as short
edgeX XAUUSDC+0.0112%4h4,336.5−0.049%$30.2M$58.2M50xas long as short
Phoenix GOLD+0.0136%1h4,338.3−0.008%$47K$77K25xas long as short
GRVT XAU_USDT_Perp+0.0144%4h4,341+0.054%$1.4M$2.9M25xas long as short
Phemex XAUUSDT+0.0196%4h4,343.9+0.122%$2.2M$967K100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0211%1h4,341.1+0.057%$205K$826K25xas long as short
Bullet GOLD-USD+0.0212%1h4,343+0.101%$59K$82K10xas long as short
Polymarket Perps GOLD-USD+0.0216%1h4,342.5+0.089%$4.3M$2.0M20xas long as short
Bitget XAUUSDT+0.0242%4h4,344.1+0.127%$71.1M$109.4M100xas long as short
Kraken Futures PF_XAUUSD+0.0259%1h4,339.7+0.025%$592K$132K25xas long as short
OKX XAU-USDT-SWAP+0.0315%8h4,344.8+0.142%$166.2M$281.6M100xas long as short
BloFin XAU-USDT+0.0349%4h4,341.7+0.072%$15.6M$4.4M100xas long as short
GMX GOLD/USD [ETH-USDC]shortL +0.0426% / S −0.0251%1h4,343.1+0.103%$250K111x
HTX XAU-USDT+0.0527%4h4,346+0.169%$2.8M$4.6M75xas long as short