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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0010%/8h= −1.1% APRnext payment $0.01 per $10,000 · paid last 24h +0.002%
Price spread now: Extended against Ondo Perps−0.009%7-day average +0.042% · 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 7 days−0.008%−$1 on $10k
Price spread, last 7 days+0.081%+$8 · spread now −0.009%, 7d avg +0.042%
Together, before fees+0.073%+ Points / potential airdropOndo Perps: Active · Extended: Active · farm board+$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Extended is 0.051% cheaper against Ondo Perps than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.042%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps XAU-USD.P4,365.30.0050pay 0.0006% / 1h19m 39s$14.6M$56.9M25x
ShortExtended XAU-USD4,364.90.0040get 0.0005% / 1h19m 39s$13.1M$45.5M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Ondo Perps. 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
−$2.18
Price spread: −0.009% → +0.042%
−$5.13
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$17.31
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Extended: live order book, 4 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 Ondo Perps no order-book sample
Sell Extended live order book, 4 min ago0.12 bp2.7 bp −$34.9 bp −$498.9 bp −$89340.3 bp −$20.1K
Ondo Perps: 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
Bluefin GOLD-PERP−0.0215%1h4,360.5−0.110%$26K$22K20xas long as short
Hotstuff GOLD-PERP−0.0104%1h4,362.3−0.068%$33K25xas long as short
Phoenix GOLD−0.0004%1h4,360.3−0.114%$48K$65K25xas long as short
Aster XAUUSD10.0000%4h4,369.1+0.088%$71.7M$225.4M20xas long as short
Binance XAUUSDT0.0000%4h4,369.2+0.090%$410.4M$2.14B100xas long as short
Bybit XAUUSDT0.0000%4h4,369.5+0.097%$82.6M$142.3M150xas long as short
RISEx XAU/USDC0.0000%1h4,369.2+0.089%$3.4M$12.3M25xas long as short
Gate XAU_USDT0.0000%4h4,369.8+0.103%$269.8M$415.1M100xas long as short
MEXC XAU_USDT0.0000%4h4,369.2+0.090%$376.7M$323.2M1000xas long as short
Bitget XAUUSDT0.0000%4h4,369.2+0.089%$69.7M$113.4M100xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni XAU0.0000%4h4,366.6+0.030%$48.5M$30.2Mas long as short
GRVT XAU_USDT_Perp0.0000%4h4,364.9−0.008%$1.4M$3.1M25xas long as short
Kalshi KXGOLDPERP0.0000%24h4,364.4−0.020%$4.1M$36.0M15xas long as short
SunX XAU-USDT0.0000%4h4,372.5+0.167%$93K$10.6M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,363.7−0.036%$268K250xas long as short
edgeX XAUUSDC+0.0008%4h4,359.1−0.142%$30.3M$58.8M50xas long as short
QFEX GOLD-USD+0.0032%1h4,366+0.017%$5.4M$1.9M20xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.340%$619$5452xas long as short
Lighter XAU+0.0040%1h4,368+0.063%$20.7M$44.8M25xas long as short
Extended XAU-USDshort+0.0040%1h4,364.9−0.009%$13.1M$45.5M25x
StandX XAU-USD+0.0040%1h4,367.1+0.042%$3.8M$4.7M40xas long as short
Vest GC-PERP+0.0046%1h4,400.4+0.805%$1.0M25xas long as short
Lighter RH XAU+0.0048%1h4,370.5+0.120%$20.2M$42.1M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,364.8−0.011%$293.9M$52.3M25xas long as short
Ondo Perps XAU-USD.Plong+0.0050%1h4,365.3long leg$14.6M$56.9M25x
Paradex XAU-USD-PERP+0.0054%8h4,368.7+0.080%$19K$5K5xas long as short
Aevo XAU-PERP+0.0080%1h4,366.7+0.034%$162K$8710xas long as short
Polymarket Perps GOLD-USD+0.0098%1h4,366.3+0.024%$4.3M$1.8M20xas long as short
Pacifica XAU+0.0100%1h4,365.7+0.010%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,362.3−0.068%$277K$204K50xas long as short
Bullet GOLD-USD+0.0102%1h4,367.2+0.044%$59K$81K10xas long as short
Coinbase International GOLD-PERP-INTX+0.0152%1h4,364.4−0.020%$2.0M$5.1M25xas long as short
OKX XAU-USDT-SWAP+0.0161%8h4,369.8+0.104%$159.1M$274.0M100xas long as short
HTX XAU-USDT+0.0170%4h4,370.7+0.125%$2.8M$3.7M75xas long as short
Kraken Futures PF_XAUUSD+0.0220%1h4,364.5−0.017%$602K$136K25xas long as short
BloFin XAU-USDT+0.0240%4h4,367.2+0.044%$14.8M$4.5M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0277%1h4,366.4+0.026%$235K$736K25xas long as short
Phemex XAUUSDT+0.0327%4h4,367.2+0.043%$2.2M$1.1M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0389% / S −0.0197%1h4,368.2+0.066%$252K111xas long as short