Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0218%/8h= +23.8% APRpaid last 24h +0.044%

Price spread now: OKX against Extended+0.132%7-day average +0.103% · 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−$150.155% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.085%+$9 on $10k

Price spread, last 7 days−0.080%−$8 · spread now +0.132%, 7d avg +0.103%

Together, before fees+0.005%+ Points / potential airdropExtended: Active · farm board+$1 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 OKX is 0.029% dearer against Extended than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.103%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.085% in total (about 4.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XAU-USD	4,301.5	0.0032	pay 0.0004% / 1h	42m 47s	$13.0M	$36.2M	25x
Short	OKX XAU-USDT-SWAP	4,307.2	0.0250	get 0.0250% / 8h	7h 42m	$170.2M	$328.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.132%Rate

Funding earned: $45.7
Price spread: +0.132% → +0.103%: $2.94
Slippage, 4 orders: −$0.46
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: $33.18
Costs to cover: 0.155%
Break-even: 1.9 days

Slippage from Extended: live order book, 1 min ago; OKX: 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, 1 min ago	0.12 bp	2.6 bp −$3	2.6 bp −$26	5.1 bp −$512	27.6 bp −$13.8K
Sell OKX live order book, 1 min ago	0.12 bp	5.1 bp −$5	5.1 bp −$51	7.3 bp −$733	15.2 bp −$7,581

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	4,309.8	+0.193%	$92K	$6.8M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,302.1	+0.013%	$268K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0016%	1h	4,308.7	+0.167%	$32K	—	25x	as long as short
Extended XAU-USDlong	+0.0032%	1h	4,301.5	long leg	$13.0M	$36.2M	25x
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+1.137%	$619	$54	52x	as long as short
Bybit XAUUSDT	+0.0037%	4h	4,307	+0.128%	$76.9M	$157.3M	150x	as long as short
Vest GC-PERP	+0.0046%	1h	4,338.4	+0.858%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,305.8	+0.100%	$6.6M	$3.2M	20x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,302.7	+0.028%	$290.8M	$54.5M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,303.3	+0.042%	$4.3M	$1.8M	20x	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	4,302.8	+0.030%	$15.0M	$55.7M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,302	+0.011%	$2.0M	$5.1M	25x	as long as short
Aster XAUUSD1	+0.0057%	4h	4,307.9	+0.149%	$73.3M	$271.8M	20x	as long as short
Paradex XAU-USD-PERP	+0.0061%	8h	4,305.6	+0.095%	$2K	$13K	5x	as long as short
Lighter XAU	+0.0080%	1h	4,305.2	+0.085%	$20.3M	$28.7M	25x	as long as short
Lighter RH XAU	+0.0088%	1h	4,307.6	+0.142%	$19.8M	$39.7M	25x	as long as short
Phoenix GOLD	+0.0095%	1h	4,305.5	+0.093%	$42K	$86K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,302.2	+0.017%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,305.9	+0.102%	$276K	$218K	50x	as long as short
StandX XAU-USD	+0.0104%	1h	4,309.6	+0.188%	$3.8M	$4.5M	40x	as long as short
Variational Omni XAU	+0.0106%	4h	4,313.8	+0.287%	$46.8M	$29.1M	—	as long as short
Kalshi KXGOLDPERP	+0.0107%	24h	4,308.3	+0.158%	$3.7M	$46.3M	15x	as long as short
Binance XAUUSDT	+0.0108%	4h	4,306.1	+0.106%	$433.6M	$2.22B	100x	as long as short
Gate XAU_USDT	+0.0112%	4h	4,307.8	+0.146%	$295.4M	$424.4M	100x	as long as short
MEXC XAU_USDT	+0.0112%	4h	4,305.6	+0.095%	$360.9M	$335.3M	1000x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,305.6	+0.095%	$159K	$87	10x	as long as short
edgeX XAUUSDC	+0.0118%	4h	4,309.9	+0.196%	$30.0M	$62.1M	50x	as long as short
GRVT XAU_USDT_Perp	+0.0120%	4h	4,309.7	+0.191%	$1.4M	$3.1M	25x	as long as short
RISEx XAU/USDC	+0.0126%	1h	4,306.6	+0.117%	$4.4M	$13.1M	25x	as long as short
Bitget XAUUSDT	+0.0190%	4h	4,306	+0.104%	$70.2M	$124.0M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0192%	1h	4,304.4	+0.067%	$134K	$882K	25x	as long as short
Bullet GOLD-USD	+0.0201%	1h	4,306.4	+0.114%	$58K	$81K	10x	as long as short
OKX XAU-USDT-SWAPshort	+0.0250%	8h	4,307.2	+0.132%	$170.2M	$328.0M	100x
Kraken Futures PF_XAUUSD	+0.0328%	1h	4,303.3	+0.041%	$572K	$138K	25x	as long as short
BloFin XAU-USDT	+0.0398%	4h	4,306.2	+0.109%	$16.1M	$5.0M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0466% / S −0.0314%	1h	4,306	+0.105%	$255K	—	111x	as long as short
Phemex XAUUSDT	+0.0776%	4h	4,309.8	+0.193%	$2.2M	$951K	100x	as long as short
HTX XAU-USDT	+0.1103%	4h	4,313.4	+0.277%	$3.2M	$6.2M	75x	as long as short
Bluefin GOLD-PERP	+0.4251%	1h	4,345.1	+1.012%	$25K	$1K	20x	as long as short