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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0018%/8h= −2.0% APRnext payment $0.02 per $10,000 · paid last 24h +0.003%
Price spread now: Extended against Ondo Perps−0.015%7-day average +0.040% · 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−0.010%−$1 on $10k
Price spread, last 7 days+0.125%+$13 · spread now −0.015%, 7d avg +0.040%
Together, before fees+0.115%+ Points / potential airdropOndo Perps: Active · Extended: Active · farm board+$12 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Extended is 0.055% cheaper against Ondo Perps than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.040%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps XAU-USD.P4,343.40.0050pay 0.0006% / 1h4m 21s$15.0M$56.8M25x
ShortExtended XAU-USD4,342.70.0032get 0.0004% / 1h4m 21s$13.2M$37.2M25x

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
−$3.86
Price spread: −0.015% → +0.040%
−$5.5
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
−$19.36
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Extended: live order book, 5 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, 5 min ago0.12 bp2.6 bp −$33.8 bp −$389.3 bp −$929doesn't fit
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−0.0013%1h4,339.8−0.084%$25K$14K20xas long as short
SunX XAU-USDT0.0000%4h4,350.6+0.166%$92K$8.6M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,342.6−0.018%$272K250xas long as short
RISEx XAU/USDC+0.0005%1h4,347.3+0.090%$3.7M$12.5M25xas long as short
Extended XAU-USDshort+0.0032%1h4,342.7−0.015%$13.2M$37.2M25x
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.162%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,346.1+0.062%$3.8M$4.5M40xas long as short
QFEX GOLD-USD+0.0042%1h4,345.1+0.039%$5.6M$2.1M20xas long as short
Vest GC-PERP+0.0046%1h4,379.4+0.829%$1.0M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,342.9−0.011%$293.8M$49.1M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps XAU-USD.Plong+0.0050%1h4,343.4long leg$15.0M$56.8M25x
Kalshi KXGOLDPERP+0.0052%24h4,344.8+0.032%$4.2M$39.3M15xas long as short
Lighter XAU+0.0056%1h4,345.8+0.055%$20.7M$34.8M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0056%1h4,341.7−0.039%$2.1M$4.7M25xas long as short
Bybit XAUUSDT+0.0059%4h4,347.9+0.103%$80.1M$152.0M150xas long as short
Gate XAU_USDT+0.0060%4h4,348.3+0.113%$268.4M$419.2M100xas long as short
Paradex XAU-USD-PERP+0.0067%8h4,346.4+0.069%$19K$5K5xas long as short
Hotstuff GOLD-PERP+0.0072%1h4,342.6−0.018%$33K25xas long as short
Lighter RH XAU+0.0080%1h4,348.5+0.117%$20.2M$40.2M25xas long as short
Aster XAUUSD1+0.0100%4h4,346.5+0.071%$71.5M$331.5M20xas long as short
Pacifica XAU+0.0100%1h4,343−0.009%$1.4M$1.1M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,341.7−0.039%$274K$203K50xas long as short
Variational Omni XAU+0.0105%4h4,345.4+0.045%$48.3M$27.6Mas long as short
Aevo XAU-PERP+0.0112%1h4,345.9+0.057%$161K$8710xas long as short
MEXC XAU_USDT+0.0118%4h4,346.9+0.081%$370.4M$321.9M1000xas long as short
Binance XAUUSDT+0.0120%4h4,346.9+0.081%$418.9M$2.09B100xas long as short
edgeX XAUUSDC+0.0135%4h4,340−0.077%$30.2M$57.9M50xas long as short
Phoenix GOLD+0.0136%1h4,341.7−0.039%$47K$77K25xas long as short
GRVT XAU_USDT_Perp+0.0148%4h4,345.6+0.051%$1.4M$2.9M25xas long as short
Phemex XAUUSDT+0.0199%4h4,349.1+0.131%$2.2M$967K100xas long as short
Polymarket Perps GOLD-USD+0.0203%1h4,346.6+0.074%$4.2M$2.0M20xas long as short
Bullet GOLD-USD+0.0206%1h4,347+0.083%$59K$82K10xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0211%1h4,344.4+0.023%$204K$826K25xas long as short
Kraken Futures PF_XAUUSD+0.0259%1h4,343−0.009%$590K$135K25xas long as short
Bitget XAUUSDT+0.0276%4h4,347.4+0.093%$71.1M$108.8M100xas long as short
OKX XAU-USDT-SWAP+0.0331%8h4,348.1+0.108%$167.2M$283.4M100xas long as short
BloFin XAU-USDT+0.0360%4h4,346.2+0.064%$15.8M$4.4M100xas long as short
HTX XAU-USDT+0.0396%4h4,347.9+0.104%$2.8M$4.6M75xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0428% / S −0.0252%1h4,346.9+0.082%$250K111xas long as short