Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0126%/8h= −13.8% APRpaid last 24h −0.034%

Price spread now: Extended against OKX−0.097%7-day average −0.098% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$170.173% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 7 days+0.065%+$6 · spread now −0.097%, 7d avg −0.098%

Together, before fees−0.007%+ Points / potential airdropExtended: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.098%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XAU-USDT-SWAP	4,366.1	0.0158	pay 0.0158% / 8h	1h 06m	$158.5M	$269.5M	100x
Short	Extended XAU-USD	4,361.8	0.0032	get 0.0004% / 1h	6m 30s	$13.1M	$46.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against OKX. 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 OKXbpFee ExtendedbpOrdersPrice spread, now −0.097%Rate

Funding earned: −$26.4
Price spread: −0.097% → −0.098%: $0.11
Slippage, 4 orders: −$2.34
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$43.63
Costs to cover: 0.173%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Extended: live order book, 3 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 OKX live order book, 3 min ago	0.12 bp	5.1 bp −$5	5.1 bp −$51	7.0 bp −$704	13.7 bp −$6,836
Sell Extended live order book, 3 min ago	0.12 bp	2.6 bp −$3	3.0 bp −$30	7.2 bp −$719	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
Kraken Futures PF_XAUUSD	−0.0174%	1h	4,362	−0.094%	$602K	$139K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,365.7	−0.010%	$71.5M	$233.7M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,365	−0.026%	$409.7M	$2.09B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,366	−0.002%	$82.9M	$141.7M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,364.9	−0.029%	$3.4M	$12.4M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,366.1	+0.001%	$269.5M	$411.9M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,364.9	−0.028%	$376.6M	$354.3M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,365.5	−0.015%	$67.4M	$110.1M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,360.3	−0.133%	$48.5M	$31.3M	—	as long as short
GRVT XAU_USDT_Perp	0.0000%	4h	4,362.8	−0.076%	$1.4M	$3.1M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXGOLDPERP	0.0000%	24h	4,362.2	−0.089%	$4.0M	$34.6M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,368.6	+0.057%	$93K	$10.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,361.2	−0.112%	$268K	—	250x	as long as short
QFEX GOLD-USD	+0.0002%	1h	4,363.4	−0.062%	$5.6M	$1.7M	20x	as long as short
edgeX XAUUSDC	+0.0018%	4h	4,355.3	−0.248%	$30.3M	$57.9M	50x	as long as short
tradeXYZ xyz:GOLD	+0.0019%	1h	4,360.6	−0.126%	$293.4M	$52.7M	25x	as long as short
Hotstuff GOLD-PERP	+0.0024%	1h	4,360.3	−0.133%	$33K	—	25x	as long as short
Lighter XAU	+0.0032%	1h	4,364.7	−0.032%	$21.0M	$44.6M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,366.8	+0.016%	$20.3M	$42.2M	25x	as long as short
Extended XAU-USDshort	+0.0032%	1h	4,361.8	−0.097%	$13.1M	$46.3M	25x
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.359%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,363.6	−0.057%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,399.7	+0.770%	—	$1.0M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,363	−0.071%	$4.3M	$1.7M	20x	as long as short
Paradex XAU-USD-PERP	+0.0050%	8h	4,364.7	−0.032%	$19K	$6K	5x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,361.1	−0.114%	$14.4M	$55.6M	25x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,362.9	−0.073%	$162K	$87	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0094%	1h	4,363.6	−0.057%	$235K	$734K	25x	as long as short
Bullet GOLD-USD	+0.0099%	1h	4,364.5	−0.037%	$60K	$85K	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,362	−0.095%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,360.4	−0.130%	$274K	$199K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,357.4	−0.199%	$26K	$21K	20x	as long as short
Phoenix GOLD	+0.0109%	1h	4,357.5	−0.197%	$48K	$65K	25x	as long as short
HTX XAU-USDT	+0.0109%	4h	4,367.2	+0.026%	$2.8M	$3.8M	75x	as long as short
OKX XAU-USDT-SWAPlong	+0.0158%	8h	4,366.1	long leg	$158.5M	$269.5M	100x
Coinbase International GOLD-PERP-INTX	+0.0208%	1h	4,360.9	−0.119%	$2.0M	$5.1M	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,364.6	−0.034%	$14.8M	$4.3M	100x	as long as short
Phemex XAUUSDT	+0.0272%	4h	4,364.4	−0.039%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,364.3	−0.040%	$252K	—	111x	as long as short