Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h −0.003%

Price spread now: GRVT against Extended+0.114%7-day average +0.099% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$150.148% of the position

Long on Extended Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.078%+$8 on $10k

Price spread, last 7 days−0.033%−$3 · spread now +0.114%, 7d avg +0.099%

Together, before fees+0.045%+ Points / potential airdropExtended: Active · GRVT: Active · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.099%, so right now this pair is about funding alone: +$4 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	4,373.5	0.0096	pay 0.0012% / 1h	54m 59s	$13.2M	$44.3M	25x
Short	GRVT XAU_USDT_Perp	4,378.5	0.0244	get 0.0122% / 4h	3h 54m	$1.4M	$3.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.114%Rate

Funding earned: $31.08
Price spread: +0.114% → +0.099%: $1.47
Slippage, 4 orders: −$0.78
Fee Extended: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $17.77
Costs to cover: 0.148%
Break-even: 3.0 days

Slippage from Extended: live order book, 4 min ago; GRVT: live order book, 4 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, 4 min ago	0.11 bp	2.6 bp −$3	4.5 bp −$45	9.2 bp −$919	27.0 bp −$13.5K
Sell GRVT live order book, 4 min ago	0.01 bp	4.5 bp −$5	4.8 bp −$48	doesn't fit	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
Hotstuff GOLD-PERP	−0.0032%	1h	4,372.1	−0.032%	$33K	—	25x	as long as short
Phoenix GOLD	−0.0004%	1h	4,373.4	−0.002%	$48K	$64K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,377.2	+0.085%	$72.0M	$213.6M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,377.8	+0.098%	$410.6M	$2.15B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,378.2	+0.107%	$83.2M	$144.3M	150x	as long as short
Gate XAU_USDT	0.0000%	4h	4,378.1	+0.105%	$266.9M	$406.7M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,378	+0.103%	$374.5M	$320.2M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,377.9	+0.100%	$69.8M	$114.5M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,377.8	+0.098%	$48.7M	$28.0M	—	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,373.7	+0.005%	$4.0M	$36.6M	15x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX XAU-USDT	0.0000%	4h	4,381.3	+0.178%	$93K	$10.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,372.3	−0.026%	$268K	—	250x	as long as short
edgeX XAUUSDC	+0.0009%	4h	4,367.4	−0.139%	$30.4M	$59.6M	50x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.527%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,376.8	+0.076%	$3.8M	$4.7M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,375.5	+0.046%	$5.6M	$1.9M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,411	+0.858%	—	$1.0M	25x	as long as short
RISEx XAU/USDC	+0.0048%	1h	4,376.2	+0.061%	$3.4M	$12.3M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,373.3	−0.004%	$294.9M	$53.2M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,371.7	−0.042%	$14.7M	$57.1M	25x	as long as short
Lighter RH XAU	+0.0056%	1h	4,378	+0.102%	$20.2M	$40.7M	25x	as long as short
Paradex XAU-USD-PERP	+0.0063%	8h	4,375.8	+0.052%	$19K	$5K	5x	as long as short
Lighter XAU	+0.0072%	1h	4,375.7	+0.050%	$20.8M	$43.2M	25x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,372.7	−0.019%	$162K	$87	10x	as long as short
Polymarket Perps GOLD-USD	+0.0096%	1h	4,375.6	+0.048%	$4.3M	$1.8M	20x	as long as short
Extended XAU-USDlong	+0.0096%	1h	4,373.5	long leg	$13.2M	$44.3M	25x
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,372.3	−0.027%	$2.0M	$5.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,373.2	−0.007%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,375.3	+0.042%	$278K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,372.6	−0.021%	$26K	$22K	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0116%	1h	4,374.7	+0.028%	$236K	$655K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0165%	8h	4,379.5	+0.137%	$160.9M	$280.4M	100x	as long as short
Bullet GOLD-USD	+0.0185%	1h	4,377	+0.080%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0224%	1h	4,373.8	+0.007%	$596K	$154K	25x	as long as short
Phemex XAUUSDT	+0.0237%	4h	4,377.9	+0.102%	$2.2M	$1.1M	100x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,377	+0.080%	$14.8M	$4.6M	100x	as long as short
GRVT XAU_USDT_Perpshort	+0.0244%	4h	4,378.5	+0.114%	$1.4M	$3.1M	25x
GMX GOLD/USD [ETH-USDC]	L +0.0390% / S −0.0197%	1h	4,377	+0.080%	$253K	—	111x	as long as short
HTX XAU-USDT	+0.0590%	4h	4,380.8	+0.166%	$2.9M	$3.8M	75x	as long as short