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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.004%
Price spread now: Extended against Hotstuff−0.023%7-day average · you buy dearer than you sell
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHotstuff: Active · Extended: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.023% cheaper against Hotstuff than usual: you would sell low and buy high, −$2 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff GOLD-PERP4,347.90.0024pay 0.0003% / 1h3m 25s$33K25x
ShortExtended XAU-USD4,346.90.0032get 0.0004% / 1h3m 25s$13.5M$41.5M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Hotstuff. 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
$1.68
Price spread: −0.023% → 0.000%
−$2.3
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$10.62
Costs to cover
0.100%
Break-even
51.3 days
Slippage unknown: Hotstuff: no order-book sample; Extended: live order book, 6 min ago. 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 Hotstuff no order-book sample
Sell Extended live order book, 6 min ago0.12 bp2.6 bp −$35.0 bp −$508.8 bp −$879doesn't fit
Hotstuff: 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 38 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
Gate XAU_USDT0.0000%4h4,353.9+0.138%$263.4M$417.6M100xas long as short
SunX XAU-USDT0.0000%4h4,355.7+0.180%$93K$9.5M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,348.2+0.008%$269K250xas long as short
Hotstuff GOLD-PERPlong+0.0024%1h4,347.9long leg$33K25x
Extended XAU-USDshort+0.0032%1h4,346.9−0.023%$13.5M$41.5M25x
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.058%$619$5452xas long as short
Kalshi KXGOLDPERP+0.0035%24h4,349.9+0.046%$4.1M$36.1M15xas long as short
StandX XAU-USD+0.0040%1h4,352.9+0.115%$3.8M$4.6M40xas long as short
Vest GC-PERP+0.0046%1h4,384.9+0.851%$1.0M25xas long as short
Aster XAUUSD1+0.0050%4h4,352.5+0.106%$70.2M$317.3M20xas long as short
Show all 38 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:GOLD+0.0050%1h4,349.2+0.030%$293.5M$49.0M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,347.90.000%$15.0M$58.0M25xas long as short
QFEX GOLD-USD+0.0051%1h4,350+0.048%$5.5M$1.9M20xas long as short
Lighter XAU+0.0056%1h4,349.7+0.042%$20.6M$43.8M25xas long as short
Lighter RH XAU+0.0064%1h4,352.3+0.101%$20.1M$41.1M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,347−0.021%$2.0M$4.9M25xas long as short
Polymarket Perps GOLD-USD+0.0087%1h4,351.1+0.074%$4.3M$1.9M20xas long as short
Paradex XAU-USD-PERP+0.0087%8h4,350.6+0.063%$19K$5K5xas long as short
Variational Omni XAU+0.0100%4h4,351.1+0.074%$48.2M$28.0Mas long as short
Pacifica XAU+0.0100%1h4,348.1+0.005%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,347.2−0.016%$275K$204K50xas long as short
Bluefin GOLD-PERP+0.0100%1h4,345.1−0.064%$25K$14K20xas long as short
Aevo XAU-PERP+0.0112%1h4,350.9+0.068%$161K$8710xas long as short
MEXC XAU_USDT+0.0114%4h4,352.3+0.101%$373.1M$325.3M1000xas long as short
Binance XAUUSDT+0.0115%4h4,352.4+0.103%$410.1M$2.10B100xas long as short
Phoenix GOLD+0.0121%1h4,349.6+0.039%$47K$64K25xas long as short
edgeX XAUUSDC+0.0126%4h4,344.8−0.071%$30.2M$59.1M50xas long as short
GRVT XAU_USDT_Perp+0.0132%4h4,351.3+0.078%$1.4M$3.0M25xas long as short
RISEx XAU/USDC+0.0135%1h4,350.8+0.067%$3.4M$12.4M25xas long as short
Bullet GOLD-USD+0.0176%1h4,352.5+0.106%$59K$83K10xas long as short
Bybit XAUUSDT+0.0199%4h4,353.8+0.136%$84.0M$145.0M150xas long as short
Bitget XAUUSDT+0.0202%4h4,352.9+0.115%$69.5M$109.5M100xas long as short
OKX XAU-USDT-SWAP+0.0246%8h4,353.4+0.126%$164.6M$281.6M100xas long as short
Kraken Futures PF_XAUUSD+0.0269%1h4,349.3+0.031%$593K$133K25xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0325%1h4,350.3+0.055%$260K$692K25xas long as short
Phemex XAUUSDT+0.0345%4h4,352.1+0.096%$2.2M$1.1M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0394% / S −0.0202%1h4,352.5+0.106%$251K111xas long as short
HTX XAU-USDT+0.0610%4h4,357.2+0.213%$2.9M$4.1M75xas long as short