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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0104%/8h= −11.4% APRnext payment $0.13 per $10,000 · paid last 24h −0.016%
Price spread now: Extended against Phoenix−0.019%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 7 days−0.143%−$14 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix GOLD4,338.40.0136pay 0.0017% / 1h27m 10s$47K$77K25x
ShortExtended XAU-USD4,337.60.0032get 0.0004% / 1h27m 10s$13.3M$37.2M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Phoenix. 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
−$21.91
Price spread: −0.019% → 0.000%
−$1.92
Slippage, 4 orders
no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$35.83
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Phoenix: no order-book sample; Extended: live order book, 2 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 Phoenix no order-book sample
Sell Extended live order book, 2 min ago0.12 bp2.6 bp −$34.1 bp −$4110.7 bp −$1,073doesn't fit
Phoenix: 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
SunX XAU-USDT0.0000%4h4,345.8+0.170%$92K$8.6M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,337.6−0.018%$271K250xas long as short
RISEx XAU/USDC+0.0005%1h4,341.7+0.076%$3.8M$12.3M25xas long as short
Bybit XAUUSDT+0.0016%4h4,342.4+0.092%$79.9M$152.3M150xas long as short
Extended XAU-USDshort+0.0032%1h4,337.6−0.019%$13.3M$37.2M25x
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.277%$619$5452xas long as short
Bluefin GOLD-PERP+0.0034%1h4,335.5−0.066%$25K$14K20xas long as short
StandX XAU-USD+0.0040%1h4,342.3+0.090%$3.8M$4.5M40xas long as short
QFEX GOLD-USD+0.0042%1h4,340.3+0.044%$5.5M$2.1M20xas long as short
Vest GC-PERP+0.0046%1h4,374.1+0.823%$1.0M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter XAU+0.0048%1h4,340.6+0.051%$20.7M$34.6M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,338.2−0.005%$293.5M$49.3M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,339+0.013%$15.1M$56.9M25xas long as short
Kalshi KXGOLDPERP+0.0051%24h4,339.3+0.021%$4.2M$37.4M15xas long as short
Paradex XAU-USD-PERP+0.0054%8h4,341.3+0.068%$19K$5K5xas long as short
Lighter RH XAU+0.0056%1h4,343.2+0.111%$20.2M$39.9M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0056%1h4,339.5+0.025%$2.1M$4.8M25xas long as short
Hotstuff GOLD-PERP+0.0064%1h4,338.2−0.005%$33K25xas long as short
Gate XAU_USDT+0.0078%4h4,343.3+0.112%$268.9M$416.5M100xas long as short
Aster XAUUSD1+0.0090%4h4,343.5+0.118%$71.5M$332.2M20xas long as short
Variational Omni XAU+0.0100%4h4,341.1+0.063%$48.3M$27.6Mas long as short
Pacifica XAU+0.0100%1h4,337.9−0.012%$1.4M$1.1M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,337.5−0.020%$274K$203K50xas long as short
Aevo XAU-PERP+0.0112%1h4,340.8+0.055%$161K$8710xas long as short
MEXC XAU_USDT+0.0114%4h4,341.7+0.076%$371.0M$320.0M1000xas long as short
Binance XAUUSDT+0.0116%4h4,341.7+0.076%$417.6M$2.09B100xas long as short
edgeX XAUUSDC+0.0122%4h4,337.8−0.014%$30.2M$58.1M50xas long as short
Phoenix GOLDlong+0.0136%1h4,338.4long leg$47K$77K25x
Deribit GOLD_USDC-PERPETUAL+0.0188%1h4,339.9+0.035%$205K$827K25xas long as short
GRVT XAU_USDT_Perp+0.0204%4h4,341.8+0.078%$1.4M$2.9M25xas long as short
Polymarket Perps GOLD-USD+0.0215%1h4,341.6+0.074%$4.3M$1.9M20xas long as short
Bullet GOLD-USD+0.0216%1h4,341.7+0.076%$59K$82K10xas long as short
Kraken Futures PF_XAUUSD+0.0259%1h4,338.8+0.009%$592K$132K25xas long as short
Phemex XAUUSDT+0.0259%4h4,344.5+0.140%$2.2M$967K100xas long as short
Bitget XAUUSDT+0.0262%4h4,342.3+0.090%$71.0M$109.2M100xas long as short
OKX XAU-USDT-SWAP+0.0324%8h4,342.7+0.099%$167.0M$281.8M100xas long as short
BloFin XAU-USDT+0.0356%4h4,341.7+0.077%$15.7M$4.4M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0427% / S −0.0252%1h4,341.7+0.076%$250K111xas long as short
HTX XAU-USDT+0.0596%4h4,345.8+0.169%$2.8M$4.6M75xas long as short