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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0012%/8h= −1.3% APRnext payment $0.02 per $10,000 · paid last 24h −0.012%
Price spread now: Extended against ApeX Omni−0.076%7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$420.422% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.117%−$12 on $10k
Price spread, last 3 days (all we have)+0.060%+$6 · spread now −0.076%, 7d avg −0.018%
Together, before fees−0.057%+ Points / potential airdropExtended: Active · farm board−$6 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 0.059% cheaper against ApeX Omni than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.018%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni XAUUSDT4,357.80.0100pay 0.0013% / 1h23m 28s$275K$204K50x
ShortExtended XAU-USD4,354.50.0088get 0.0011% / 1h23m 28s$13.5M$43.8M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against ApeX Omni. 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
−$2.52
Price spread: −0.076% → −0.018%
−$5.88
Slippage, 4 orders
−$27.15
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$50.55
Costs to cover
0.422%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 49 min ago; Extended: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 49 min ago4.79 bp15.6 bp −$1625.6 bp −$256doesn't fitdoesn't fit
Sell Extended live order book, 6 min ago0.12 bp3.6 bp −$45.1 bp −$518.1 bp −$811doesn't fit

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
Aster XAUUSD10.0000%4h4,358.7+0.021%$71.0M$200.3M20xas long as short
Gate XAU_USDT0.0000%4h4,359.6+0.041%$266.5M$416.4M100xas long as short
Kalshi KXGOLDPERP0.0000%24h4,358.2+0.009%$4.0M$36.6M15xas long as short
SunX XAU-USDT0.0000%4h4,365.1+0.167%$93K$10.2M20xas long as short
Variational Omni XAU0.0000%4h4,360.4+0.060%$47.8M$28.1Mas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,356.4−0.031%$267K250xas long as short
edgeX XAUUSDC+0.0022%4h4,355.1−0.061%$30.3M$60.4M50xas long as short
MEXC XAU_USDT+0.0022%4h4,359.8+0.045%$372.9M$328.1M1000xas long as short
Binance XAUUSDT+0.0023%4h4,359+0.028%$411.6M$2.15B100xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.169%$619$5452xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
StandX XAU-USD+0.0040%1h4,362.4+0.106%$3.8M$4.7M40xas long as short
QFEX GOLD-USD+0.0045%1h4,356.7−0.025%$5.6M$1.9M20xas long as short
Vest GC-PERP+0.0046%1h4,393.8+0.826%$1.0M25xas long as short
RISEx XAU/USDC+0.0048%1h4,358.3+0.012%$3.4M$12.3M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,356.8−0.023%$293.8M$51.5M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,354−0.087%$14.7M$57.2M25xas long as short
Phoenix GOLD+0.0055%1h4,358.5+0.016%$48K$64K25xas long as short
Bitget XAUUSDT+0.0058%4h4,359.8+0.045%$69.6M$113.9M100xas long as short
Lighter XAU+0.0072%1h4,357−0.018%$20.6M$44.1M25xas long as short
Paradex XAU-USD-PERP+0.0080%8h4,358.3+0.012%$19K$5K5xas long as short
BloFin XAU-USDT+0.0082%4h4,363.5+0.130%$15.5M$4.5M100xas long as short
Extended XAU-USDshort+0.0088%1h4,354.5−0.076%$13.5M$43.8M25x
Aevo XAU-PERP+0.0088%1h4,359.7+0.045%$161K$8710xas long as short
Lighter RH XAU+0.0096%1h4,359.2+0.033%$20.2M$41.0M25xas long as short
Hotstuff GOLD-PERP+0.0096%1h4,355.3−0.057%$33K25xas long as short
Coinbase International GOLD-PERP-INTX+0.0096%1h4,358.3+0.012%$2.0M$5.1M25xas long as short
Pacifica XAU+0.0100%1h4,355−0.064%$1.4M$1.1M10xas long as short
ApeX Omni XAUUSDTlong+0.0100%1h4,357.8long leg$275K$204K50x
Bluefin GOLD-PERP+0.0100%1h4,353.7−0.094%$26K$22K20xas long as short
Bybit XAUUSDT+0.0102%4h4,360.1+0.052%$83.3M$144.3M150xas long as short
Polymarket Perps GOLD-USD+0.0121%1h4,358.6+0.019%$4.3M$1.8M20xas long as short
GRVT XAU_USDT_Perp+0.0152%4h4,361.1+0.076%$1.4M$3.1M25xas long as short
OKX XAU-USDT-SWAP+0.0199%8h4,360.1+0.053%$163.8M$289.4M100xas long as short
Bullet GOLD-USD+0.0211%1h4,360.3+0.058%$59K$82K10xas long as short
Kraken Futures PF_XAUUSD+0.0225%1h4,357.5−0.006%$594K$151K25xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0232%1h4,359.2+0.032%$235K$656K25xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0389% / S −0.0197%1h4,360.8+0.068%$252K111xas long as short
Phemex XAUUSDT+0.0455%4h4,362.5+0.107%$2.2M$1.1M100xas long as short
HTX XAU-USDT+0.0586%4h4,365.2+0.171%$2.9M$3.9M75xas long as short