Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0038%/8h= −4.2% APRpaid last 24h +0.016%

Price spread now: MEXC against Extended+0.089%7-day average +0.093% · you sell dearer than you buy

Net, funding: paid 7d − costs$0as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$90.093% of the position

Long on Extended Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 7 days−0.046%−$5 · spread now +0.089%, 7d avg +0.093%

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

The price spread sits at its 7-day average of +0.093%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.091%, 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	4,322.4	0.0136	pay 0.0017% / 1h	37m 22s	$13.2M	$36.7M	25x
Short	MEXC XAU_USDT	4,326.3	0.0098	get 0.0049% / 4h	37m 22s	$363.7M	$326.9M	1000x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.089%Rate

Funding earned: −$7.98
Price spread: +0.089% → +0.093%: −$0.32
Slippage, 4 orders: −$0.3
Fee Extended: 2.5 bp × 2 orders: −$5
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$17.6
Costs to cover: 0.093%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; MEXC: 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	8.0 bp −$799	doesn't fit
Sell MEXC live order book, 2 min ago	0.04 bp	2.0 bp −$2	2.0 bp −$20	2.1 bp −$207	13.9 bp −$6,973

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
Bluefin GOLD-PERP	−0.0156%	1h	4,320.5	−0.043%	$25K	$1K	20x	as long as short
Hotstuff GOLD-PERP	0.0000%	1h	4,322.8	+0.010%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,330.5	+0.189%	$92K	$7.3M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,323.8	+0.032%	$270K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.649%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,328.4	+0.139%	$3.8M	$4.5M	40x	as long as short
Bybit XAUUSDT	+0.0044%	4h	4,327.3	+0.115%	$77.5M	$153.2M	150x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,324.6	+0.051%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,359	+0.847%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,322.5	+0.003%	$291.8M	$51.5M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,322.5	+0.003%	$15.0M	$55.7M	25x	as long as short
Aster XAUUSD1	+0.0058%	4h	4,328.2	+0.135%	$72.9M	$272.1M	20x	as long as short
Lighter XAU	+0.0064%	1h	4,325.7	+0.077%	$20.4M	$29.1M	25x	as long as short
Paradex XAU-USD-PERP	+0.0066%	8h	4,325.8	+0.078%	$2K	$14K	5x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,322.8	+0.010%	$2.1M	$4.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0091%	24h	4,327.8	+0.125%	$3.8M	$44.5M	15x	as long as short
Variational Omni XAU	+0.0091%	4h	4,327	+0.106%	$47.2M	$29.3M	—	as long as short
Phoenix GOLD	+0.0096%	1h	4,323.8	+0.033%	$47K	$79K	25x	as long as short
MEXC XAU_USDTshort	+0.0098%	4h	4,326.3	+0.089%	$363.7M	$326.9M	1000x
GRVT XAU_USDT_Perp	+0.0098%	4h	4,326.6	+0.097%	$1.4M	$3.1M	25x	as long as short
Binance XAUUSDT	+0.0099%	4h	4,326.4	+0.094%	$425.7M	$2.13B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,322.9	+0.011%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,324.3	+0.044%	$272K	$208K	50x	as long as short
Gate XAU_USDT	+0.0104%	4h	4,328.2	+0.135%	$280.6M	$414.4M	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,325.4	+0.071%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0113%	4h	4,323.5	+0.025%	$30.1M	$59.5M	50x	as long as short
Lighter RH XAU	+0.0120%	1h	4,328.1	+0.133%	$20.1M	$39.0M	25x	as long as short
Extended XAU-USDlong	+0.0136%	1h	4,322.4	long leg	$13.2M	$36.7M	25x
Bitget XAUUSDT	+0.0194%	4h	4,326.4	+0.093%	$70.3M	$118.6M	100x	as long as short
Bullet GOLD-USD	+0.0204%	1h	4,326.3	+0.091%	$58K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0218%	1h	4,326.4	+0.093%	$4.3M	$2.0M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0228%	1h	4,323.6	+0.029%	$578K	$135K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0236%	1h	4,325.3	+0.067%	$163K	$870K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0278%	8h	4,326.9	+0.104%	$173.8M	$299.4M	100x	as long as short
BloFin XAU-USDT	+0.0339%	4h	4,326.7	+0.100%	$16.4M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0358%	4h	4,329.5	+0.164%	$2.2M	$974K	100x	as long as short
HTX XAU-USDT	+0.0401%	4h	4,331.9	+0.219%	$3.2M	$5.9M	75x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,326.3	+0.091%	$253K	—	111x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,326.4	+0.093%	$4.6M	$13.3M	25x	as long as short