Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0172%/8h= −18.8% APRpaid last 24h −0.010%

Price spread now: Extended against GRVT−0.098%7-day average −0.100% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$140.143% of the position

Long on GRVT Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.088%−$9 on $10k

Price spread, last 7 days+0.042%+$4 · spread now −0.098%, 7d avg −0.100%

Together, before fees−0.046%+ Points / potential airdropGRVT: Active · Extended: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.100%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT XAU_USDT_Perp	4,341.8	0.0204	pay 0.0102% / 4h	3h 27m	$1.4M	$2.9M	25x
Short	Extended XAU-USD	4,337.5	0.0032	get 0.0004% / 1h	27m 37s	$13.3M	$37.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against GRVT. 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 GRVTbpFee ExtendedbpOrdersPrice spread, now −0.098%Rate

Funding earned: −$36.12
Price spread: −0.098% → −0.100%: $0.15
Slippage, 4 orders: −$0.33
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$50.3
Costs to cover: 0.143%
Break-even: never at this rate

Slippage from GRVT: live order book, 1 min ago; Extended: 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 GRVT live order book, 1 min ago	0.01 bp	4.5 bp −$5	4.5 bp −$45	175.7 bp −$17.6K	doesn't fit
Sell Extended live order book, 1 min ago	0.12 bp	2.6 bp −$3	4.1 bp −$41	10.7 bp −$1,073	doesn't fit

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	4,345.6	+0.088%	$92K	$8.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,337.3	−0.103%	$271K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,341.7	−0.002%	$3.8M	$12.3M	25x	as long as short
Bybit XAUUSDT	+0.0016%	4h	4,342.4	+0.014%	$79.9M	$152.3M	150x	as long as short
Extended XAU-USDshort	+0.0032%	1h	4,337.5	−0.098%	$13.3M	$37.3M	25x
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.199%	$619	$54	52x	as long as short
Bluefin GOLD-PERP	+0.0033%	1h	4,335.6	−0.143%	$25K	$14K	20x	as long as short
StandX XAU-USD	+0.0040%	1h	4,342.5	+0.016%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,340.3	−0.034%	$5.5M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,373.8	+0.737%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XAU	+0.0048%	1h	4,340.5	−0.029%	$20.7M	$34.6M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,338.2	−0.083%	$293.5M	$49.3M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,339	−0.065%	$15.1M	$56.9M	25x	as long as short
Kalshi KXGOLDPERP	+0.0051%	24h	4,338.6	−0.073%	$4.2M	$37.4M	15x	as long as short
Paradex XAU-USD-PERP	+0.0054%	8h	4,341.3	−0.010%	$19K	$5K	5x	as long as short
Lighter RH XAU	+0.0056%	1h	4,343	+0.029%	$20.2M	$39.9M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,339.5	−0.053%	$2.1M	$4.8M	25x	as long as short
Hotstuff GOLD-PERP	+0.0064%	1h	4,338.2	−0.083%	$33K	—	25x	as long as short
Gate XAU_USDT	+0.0078%	4h	4,343.2	+0.033%	$268.9M	$416.4M	100x	as long as short
Aster XAUUSD1	+0.0090%	4h	4,343.5	+0.040%	$71.5M	$332.2M	20x	as long as short
Variational Omni XAU	+0.0100%	4h	4,341.1	−0.015%	$48.3M	$27.6M	—	as long as short
Pacifica XAU	+0.0100%	1h	4,337.9	−0.090%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,337.5	−0.098%	$274K	$203K	50x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,340.7	−0.024%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0114%	4h	4,341.7	−0.002%	$371.0M	$320.0M	1000x	as long as short
Binance XAUUSDT	+0.0116%	4h	4,341.7	−0.002%	$417.6M	$2.09B	100x	as long as short
edgeX XAUUSDC	+0.0122%	4h	4,337.8	−0.092%	$30.2M	$58.1M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,338.4	−0.078%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perplong	+0.0204%	4h	4,341.8	long leg	$1.4M	$2.9M	25x
Deribit GOLD_USDC-PERPETUAL	+0.0211%	1h	4,339.7	−0.048%	$204K	$828K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0216%	1h	4,341.3	−0.011%	$4.3M	$1.9M	20x	as long as short
Bullet GOLD-USD	+0.0216%	1h	4,341.4	−0.009%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,338.3	−0.080%	$592K	$132K	25x	as long as short
Bitget XAUUSDT	+0.0262%	4h	4,342.3	+0.012%	$71.0M	$109.2M	100x	as long as short
Phemex XAUUSDT	+0.0272%	4h	4,344.4	+0.059%	$2.2M	$967K	100x	as long as short
OKX XAU-USDT-SWAP	+0.0324%	8h	4,342.7	+0.021%	$167.0M	$281.7M	100x	as long as short
BloFin XAU-USDT	+0.0362%	4h	4,341.7	−0.001%	$15.7M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0427% / S −0.0252%	1h	4,341.5	−0.007%	$250K	—	111x	as long as short
HTX XAU-USDT	+0.0597%	4h	4,345.8	+0.091%	$2.8M	$4.6M	75x	as long as short