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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0095%/8h= −10.4% APRnext payment $0.12 per $10,000 · paid last 24h −0.026%
Price spread now: Extended against Bullet−0.085%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Extended is 0.085% cheaper against Bullet than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet GOLD-USD4,307.50.0199pay 0.0025% / 1h6m 50s$59K$81K10x
ShortExtended XAU-USD4,303.80.0104get 0.0013% / 1h6m 50s$13.2M$36.6M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Bullet. 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
−$19.95
Price spread: −0.085% → 0.000%
−$8.5
Slippage, 4 orders
no order book: not counted
Fee Bullet: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$41.45
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Bullet: 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 Bullet no order-book sample
Sell Extended live order book, 2 min ago0.12 bp3.8 bp −$45.5 bp −$5511.3 bp −$1,132doesn't fit
Bullet: 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%4h4,312.3+0.112%$92K$7.0M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,304−0.082%$268K250xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.996%$619$5452xas long as short
QFEX GOLD-USD+0.0045%1h4,307.1−0.009%$5.7M$2.7M20xas long as short
Vest GC-PERP+0.0046%1h4,340.1+0.757%$1.0M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,304.1−0.079%$290.0M$52.5M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,303.7−0.088%$15.0M$55.3M25xas long as short
Aster XAUUSD1+0.0057%4h4,309.3+0.043%$72.9M$271.9M20xas long as short
Paradex XAU-USD-PERP+0.0063%8h4,306.9−0.014%$2K$14K5xas long as short
Bluefin GOLD-PERP+0.0068%1h4,303.1−0.101%$25K$1K20xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit XAUUSDT+0.0071%4h4,308.6+0.026%$77.3M$155.4M150xas long as short
Lighter XAU+0.0072%1h4,307.4−0.003%$20.2M$30.2M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,304.3−0.074%$2.0M$5.1M25xas long as short
Phoenix GOLD+0.0096%1h4,313.9+0.149%$42K$79K25xas long as short
Kalshi KXGOLDPERP+0.0099%24h4,309.5+0.046%$3.6M$45.3M15xas long as short
Variational Omni XAU+0.0100%4h4,316.5+0.208%$47.1M$29.0Mas long as short
Pacifica XAU+0.0100%1h4,304.1−0.079%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,313.5+0.140%$272K$209K50xas long as short
Lighter RH XAU+0.0104%1h4,309.9+0.055%$19.9M$40.2M25xas long as short
Extended XAU-USDshort+0.0104%1h4,303.8−0.085%$13.2M$36.6M25x
MEXC XAU_USDT+0.0108%4h4,308+0.012%$366.9M$340.5M1000xas long as short
Binance XAUUSDT+0.0110%4h4,308.1+0.015%$429.1M$2.16B100xas long as short
GRVT XAU_USDT_Perp+0.0112%4h4,316.1+0.199%$1.4M$3.0M25xas long as short
Aevo XAU-PERP+0.0112%1h4,307.2−0.007%$160K$8710xas long as short
Gate XAU_USDT+0.0116%4h4,309.4+0.044%$284.7M$430.2M100xas long as short
StandX XAU-USD+0.0118%1h4,313.1+0.130%$3.8M$4.5M40xas long as short
Hotstuff GOLD-PERP+0.0120%1h4,303.9−0.084%$32K25xas long as short
edgeX XAUUSDC+0.0127%4h4,313.1+0.131%$30.0M$59.8M50xas long as short
Bitget XAUUSDT+0.0190%4h4,307.9+0.010%$70.6M$121.4M100xas long as short
Bullet GOLD-USDlong+0.0199%1h4,307.5long leg$59K$81K10x
Polymarket Perps GOLD-USD+0.0221%1h4,307.4−0.002%$4.3M$1.8M20xas long as short
Kraken Futures PF_XAUUSD+0.0229%1h4,305−0.058%$573K$138K25xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0238%1h4,307.3−0.005%$136K$864K25xas long as short
OKX XAU-USDT-SWAP+0.0264%8h4,307.9+0.009%$175.2M$305.1M100xas long as short
BloFin XAU-USDT+0.0371%4h4,308.4+0.021%$16.5M$5.0M100xas long as short
Phemex XAUUSDT+0.0455%4h4,312.2+0.108%$2.2M$949K100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0464% / S −0.0311%1h4,307.9+0.008%$253K111xas long as short
HTX XAU-USDT+0.0540%4h4,314.3+0.157%$3.2M$6.1M75xas long as short
RISEx XAU/USDC+0.0643%1h4,307.4−0.003%$4.5M$13.1M25xas long as short