Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: Lighter against Extended+0.051%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs+$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$5as in the Price arb table

costs, in and out, $10k−$60.060% of the position

Long on Extended Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.085%+$8 on $10k

Price spread, last 7 days−0.038%−$4 · spread now +0.051%, 7d avg +0.043%

Together, before fees+0.047%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$5 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	4,346.1	0.0032	pay 0.0004% / 1h	16m 49s	$13.2M	$38.3M	25x
Short	Lighter XAU	4,348.4	0.0032	get 0.0004% / 1h	16m 49s	$20.8M	$38.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.051%Rate

Funding earned: $0
Price spread: +0.051% → +0.043%: $0.86
Slippage, 4 orders: −$0.96
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: −$5.1
Costs to cover: 0.060%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Lighter: live order book, 7 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	3.3 bp −$33	5.7 bp −$572	23.4 bp −$11.7K
Sell Lighter live order book, 7 min ago	0.07 bp	0.3 bp $0	2.2 bp −$22	9.2 bp −$921	20.8 bp −$10.4K

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	4,349.2	+0.069%	$3.4M	$12.2M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,351.2	+0.117%	$265.2M	$416.2M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,353.8	+0.177%	$93K	$8.9M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,345.4	−0.016%	$272K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0008%	1h	4,346.5	+0.008%	$33K	—	25x	as long as short
Lighter XAUshort	+0.0032%	1h	4,348.4	+0.051%	$20.8M	$38.2M	25x
Extended XAU-USDlong	+0.0032%	1h	4,346.1	long leg	$13.2M	$38.3M	25x
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.099%	$619	$54	52x	as long as short
Lighter RH XAU	+0.0040%	1h	4,351.1	+0.115%	$20.1M	$39.3M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,349.9	+0.087%	$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	4,348.7	+0.059%	$5.7M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,382.5	+0.837%	—	$1.0M	25x	as long as short
Kalshi KXGOLDPERP	+0.0048%	24h	4,348	+0.043%	$4.2M	$37.3M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,346.5	+0.008%	$2.0M	$4.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,347.5	+0.031%	$293.9M	$48.8M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,345.7	−0.010%	$15.1M	$56.8M	25x	as long as short
Aster XAUUSD1	+0.0060%	4h	4,350.8	+0.108%	$71.2M	$333.1M	20x	as long as short
Variational Omni XAU	+0.0077%	4h	4,349.2	+0.071%	$48.5M	$28.0M	—	as long as short
Paradex XAU-USD-PERP	+0.0080%	8h	4,349	+0.067%	$19K	$5K	5x	as long as short
GRVT XAU_USDT_Perp	+0.0088%	4h	4,351.1	+0.115%	$1.4M	$2.9M	25x	as long as short
Binance XAUUSDT	+0.0089%	4h	4,350.2	+0.093%	$413.7M	$2.09B	100x	as long as short
MEXC XAU_USDT	+0.0090%	4h	4,350.4	+0.097%	$372.1M	$318.7M	1000x	as long as short
Pacifica XAU	+0.0100%	1h	4,346	−0.003%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,348.9	+0.063%	$275K	$203K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,344.3	−0.042%	$25K	$14K	20x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,348.8	+0.060%	$161K	$87	10x	as long as short
edgeX XAUUSDC	+0.0105%	4h	4,346.9	+0.018%	$30.3M	$58.2M	50x	as long as short
Phoenix GOLD	+0.0142%	1h	4,349	+0.066%	$47K	$77K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0157%	1h	4,349.2	+0.070%	$4.3M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0186%	1h	4,349.5	+0.077%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0194%	1h	4,346.6	+0.011%	$593K	$132K	25x	as long as short
Phemex XAUUSDT	+0.0218%	4h	4,352.5	+0.146%	$2.2M	$967K	100x	as long as short
Bitget XAUUSDT	+0.0232%	4h	4,350.3	+0.095%	$70.1M	$109.3M	100x	as long as short
Bybit XAUUSDT	+0.0240%	4h	4,351.5	+0.123%	$85.3M	$145.1M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0294%	8h	4,351.4	+0.121%	$165.5M	$282.5M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0302%	1h	4,348.2	+0.047%	$206K	$824K	25x	as long as short
BloFin XAU-USDT	+0.0329%	4h	4,349.5	+0.077%	$15.6M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0417% / S −0.0237%	1h	4,349.6	+0.079%	$248K	—	111x	as long as short
HTX XAU-USDT	+0.0624%	4h	4,354.6	+0.194%	$2.9M	$4.3M	75x	as long as short