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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0015%/8h= +1.6% APRnext payment +$0.02 per $10,000 · paid last 24h +0.010%
Price spread now: Phoenix against Extended+0.169%88s7-day average · 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 7 days+0.138%+$14 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Phoenix is 0.169% dearer against Extended than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 88 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended XAU-USD4,326.20.0080pay 0.0010% / 1h57m 55s$12.7M$35.9M25x
ShortPhoenix GOLD4,333.50.0095get 0.0012% / 1h57m 55s$43K$67K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix 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
$3.12
Price spread: +0.169% → 0.000%
$16.92
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
$8.04
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Extended: live order book, 1 min ago; Phoenix: 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, 1 min ago0.12 bp2.6 bp −$33.6 bp −$367.0 bp −$69826.4 bp −$13.2K
Sell Phoenix no order-book sample
Phoenix: 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%4h4,334.7+0.198%$92K$6.5M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,330.7+0.104%$275K250xas long as short
Coinbase International GOLD-PERP-INTX+0.0024%1h4,327.4+0.028%$2.0M$5.2M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.560%$619$5452xas long as short
Bluefin GOLD-PERP+0.0035%1h4,325.1−0.024%$25K$1K20xas long as short
QFEX GOLD-USD+0.0038%1h4,331.2+0.116%$6.6M$3.1M20xas long as short
StandX XAU-USD+0.0040%1h4,334.9+0.202%$3.8M$4.5M40xas long as short
Vest GC-PERP+0.0046%1h4,365+0.897%$1.0M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,326.7+0.012%$292.3M$55.4M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,328+0.041%$15.1M$57.3M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
RISEx XAU/USDC+0.0056%1h4,333.2+0.162%$4.6M$13.6M25xas long as short
Paradex XAU-USD-PERP+0.0058%8h4,331.8+0.130%$2K$13K5xas long as short
Aster XAUUSD1+0.0059%4h4,331.2+0.115%$74.4M$272.9M20xas long as short
Hotstuff GOLD-PERP+0.0072%1h4,330.9+0.109%$32K25xas long as short
Extended XAU-USDlong+0.0080%1h4,326.2long leg$12.7M$35.9M25x
Lighter XAU+0.0088%1h4,329.8+0.083%$20.2M$29.3M25xas long as short
Lighter RH XAU+0.0088%1h4,332+0.135%$19.9M$38.5M25xas long as short
Variational Omni XAU+0.0093%4h4,332+0.134%$47.2M$30.1Mas long as short
Phoenix GOLDshort+0.0095%1h4,333.5+0.169%$43K$67K25x
Pacifica XAU+0.0100%1h4,328.3+0.050%$1.4M$1.3M10xas long as short
Gate XAU_USDT+0.0100%4h4,331.6+0.126%$299.3M$427.9M100xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,330+0.088%$284K$232K50xas long as short
Polymarket Perps GOLD-USD+0.0106%1h4,331.4+0.121%$4.3M$1.7M20xas long as short
Aevo XAU-PERP+0.0112%1h4,330.1+0.091%$160K$8710xas long as short
Binance XAUUSDT+0.0116%4h4,329.7+0.081%$435.8M$2.35B100xas long as short
MEXC XAU_USDT+0.0116%4h4,330.3+0.095%$353.8M$347.4M1000xas long as short
Kalshi KXGOLDPERP+0.0120%24h4,333.4+0.167%$3.5M$48.5M15xas long as short
edgeX XAUUSDC+0.0127%4h4,331.4+0.121%$30.3M$65.2M50xas long as short
GRVT XAU_USDT_Perp+0.0132%4h4,331.1+0.115%$1.4M$3.0M25xas long as short
Bybit XAUUSDT+0.0135%4h4,330.9+0.109%$81.7M$169.7M150xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0166%1h4,328.8+0.061%$134K$780K25xas long as short
Bullet GOLD-USD+0.0169%1h4,331.6+0.125%$58K$77K10xas long as short
Bitget XAUUSDT+0.0196%4h4,329.6+0.080%$71.9M$132.7M100xas long as short
OKX XAU-USDT-SWAP+0.0244%8h4,331.3+0.118%$170.9M$354.5M100xas long as short
Phemex XAUUSDT+0.0304%4h4,333.9+0.178%$2.2M$961K100xas long as short
BloFin XAU-USDT+0.0356%4h4,332.2+0.139%$16.2M$5.5M100xas long as short
Kraken Futures PF_XAUUSD+0.0411%1h4,328.5+0.054%$583K$150K25xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0466% / S −0.0313%1h4,332.8+0.152%$256K111xas long as short
HTX XAU-USDT+0.1108%4h4,339+0.297%$3.2M$7.0M75xas long as short