Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.001%

Price spread now: Extended against Gate−0.066%7-day average −0.119% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$200.205% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 7 days−0.017%−$2 · spread now −0.066%, 7d avg −0.119%

Together, before fees+0.003%+ Points / potential airdropExtended: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.053% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.119%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAU_USDT	4,368.4	0	get 0.0000% / 4h	47m 24s	$268.4M	$406.4M	100x
Short	Extended XAU-USD	4,365.5	0.0032	get 0.0004% / 1h	47m 24s	$13.0M	$46.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Gate. 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 GatebpFee ExtendedbpOrdersPrice spread, now −0.066%Rate

Funding earned: $6.72
Price spread: −0.066% → −0.119%: $5.33
Slippage, 4 orders: −$0.48
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$8.42
Costs to cover: 0.205%
Break-even: 15.8 days

Slippage from Gate: live order book, 2 min ago; Extended: 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 Gate live order book, 2 min ago	0.01 bp	7.5 bp −$8	8.6 bp −$86	12.3 bp −$1,227	14.1 bp −$7,056
Sell Extended live order book, 2 min ago	0.12 bp	2.6 bp −$3	3.4 bp −$34	9.9 bp −$986	31.6 bp −$15.8K

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	−0.0368%	1h	4,361.2	−0.165%	$26K	$21K	20x	as long as short
Phoenix GOLD	−0.0004%	1h	4,364.9	−0.080%	$48K	$65K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,368.1	−0.005%	$71.6M	$228.4M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,367.3	−0.024%	$408.6M	$2.10B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,367.9	−0.012%	$82.9M	$141.3M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,367.8	−0.013%	$3.4M	$12.4M	25x	as long as short
Gate XAU_USDTlong	0.0000%	4h	4,368.4	long leg	$268.4M	$406.4M	100x
MEXC XAU_USDT	0.0000%	4h	4,367.3	−0.025%	$377.2M	$320.1M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,367.6	−0.019%	$67.0M	$111.0M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,366.4	−0.046%	$48.5M	$30.9M	—	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XAU_USDT_Perp	0.0000%	4h	4,367.4	−0.022%	$1.4M	$3.1M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,365.9	−0.057%	$4.0M	$35.2M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,372.2	+0.087%	$93K	$10.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,364.4	−0.092%	$268K	—	250x	as long as short
edgeX XAUUSDC	+0.0007%	4h	4,361.8	−0.150%	$30.3M	$58.2M	50x	as long as short
Bullet GOLD-USD	+0.0010%	1h	4,367	−0.033%	$60K	$81K	10x	as long as short
QFEX GOLD-USD	+0.0032%	1h	4,367.6	−0.018%	$5.6M	$1.7M	20x	as long as short
Lighter XAU	+0.0032%	1h	4,368.2	−0.004%	$20.9M	$44.3M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,370.1	+0.040%	$20.3M	$41.6M	25x	as long as short
Extended XAU-USDshort	+0.0032%	1h	4,365.5	−0.066%	$13.0M	$46.5M	25x
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.411%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,366.4	−0.045%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,402.4	+0.779%	—	$1.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0048%	1h	4,365.6	−0.064%	$33K	—	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,364.7	−0.084%	$293.8M	$52.2M	25x	as long as short
Paradex XAU-USD-PERP	+0.0050%	8h	4,368.1	−0.007%	$19K	$6K	5x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,364.8	−0.081%	$14.5M	$56.1M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0072%	1h	4,367.1	−0.029%	$4.3M	$1.8M	20x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,367.1	−0.030%	$162K	$87	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0094%	1h	4,366.6	−0.041%	$235K	$735K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,365.8	−0.058%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,364.9	−0.079%	$277K	$204K	50x	as long as short
HTX XAU-USDT	+0.0129%	4h	4,371	+0.060%	$2.8M	$3.8M	75x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0152%	1h	4,364.9	−0.080%	$2.0M	$5.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0154%	8h	4,368.4	0.000%	$158.0M	$271.2M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0220%	1h	4,365.3	−0.071%	$602K	$138K	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,367.6	−0.018%	$14.8M	$4.4M	100x	as long as short
Phemex XAUUSDT	+0.0291%	4h	4,370.3	+0.043%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0388% / S −0.0197%	1h	4,367.6	−0.017%	$252K	—	111x	as long as short