Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.024%

Price spread now: Extended against Binance−0.100%7-day average −0.097% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$150.153% of the position

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.093%−$9 on $10k

Price spread, last 7 days+0.071%+$7 · spread now −0.100%, 7d avg −0.097%

Together, before fees−0.022%+ Points / potential airdropExtended: Active · farm board−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.097%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XAUUSDT	4,347.7	0.0078	pay 0.0039% / 4h	1h 00m	$411.1M	$2.10B	100x
Short	Extended XAU-USD	4,343.4	0.0032	get 0.0004% / 1h	0m 32s	$13.4M	$38.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Binance. 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

Position, each leg$Hold fordaysFee BinancebpFee ExtendedbpOrdersPrice spread, now −0.100%Rate

Funding earned: −$9.65
Price spread: −0.100% → −0.097%: −$0.27
Slippage, 4 orders: −$0.25
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$25.17
Costs to cover: 0.153%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; Extended: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 14 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	6.4 bp −$645	doesn't fit
Sell Extended live order book, 4 min ago	0.12 bp	2.6 bp −$3	3.8 bp −$38	7.7 bp −$772	doesn't fit

XAU on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX XAU-USDT	0.0000%	4h	4,351.5	+0.087%	$92K	$9.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,344.2	−0.081%	$266K	—	250x	as long as short
Gate XAU_USDT	+0.0006%	4h	4,349.8	+0.047%	$264.8M	$418.8M	100x	as long as short
Hotstuff GOLD-PERP	+0.0008%	1h	4,344.8	−0.067%	$33K	—	25x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,347.4	−0.007%	$3.4M	$12.2M	25x	as long as short
Extended XAU-USDshort	+0.0032%	1h	4,343.4	−0.100%	$13.4M	$38.7M	25x
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.062%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,348.3	+0.013%	$3.8M	$4.6M	40x	as long as short
Kalshi KXGOLDPERP	+0.0041%	24h	4,345.8	−0.044%	$4.1M	$37.1M	15x	as long as short
Aster XAUUSD1	+0.0043%	4h	4,347.9	+0.004%	$70.9M	$334.1M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,380.5	+0.754%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,346.9	−0.019%	$5.7M	$2.0M	20x	as long as short
Lighter XAU	+0.0048%	1h	4,346.1	−0.037%	$20.6M	$42.7M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,344.2	−0.081%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,344.7	−0.070%	$293.8M	$48.9M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,344.3	−0.079%	$15.1M	$56.7M	25x	as long as short
Lighter RH XAU	+0.0056%	1h	4,348.4	+0.014%	$20.1M	$40.0M	25x	as long as short
Variational Omni XAU	+0.0061%	4h	4,347.3	−0.011%	$48.4M	$27.7M	—	as long as short
GRVT XAU_USDT_Perp	+0.0062%	4h	4,348.6	+0.021%	$1.4M	$3.0M	25x	as long as short
edgeX XAUUSDC	+0.0075%	4h	4,342.6	−0.119%	$30.2M	$58.6M	50x	as long as short
MEXC XAU_USDT	+0.0076%	4h	4,347.6	−0.004%	$371.0M	$320.9M	1000x	as long as short
Binance XAUUSDTlong	+0.0078%	4h	4,347.7	long leg	$411.1M	$2.10B	100x
Paradex XAU-USD-PERP	+0.0079%	8h	4,347.4	−0.008%	$19K	$5K	5x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,347.2	−0.012%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,344.2	−0.081%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,344.7	−0.070%	$274K	$203K	50x	as long as short
Polymarket Perps GOLD-USD	+0.0118%	1h	4,347.2	−0.012%	$4.3M	$1.9M	20x	as long as short
Phoenix GOLD	+0.0136%	1h	4,345.3	−0.056%	$47K	$77K	25x	as long as short
Phemex XAUUSDT	+0.0194%	4h	4,349.6	+0.044%	$2.2M	$972K	100x	as long as short
Bullet GOLD-USD	+0.0194%	1h	4,348.2	+0.010%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0214%	4h	4,349.2	+0.034%	$84.4M	$145.4M	150x	as long as short
Bitget XAUUSDT	+0.0220%	4h	4,348.1	+0.008%	$70.2M	$109.4M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0265%	8h	4,349.4	+0.038%	$165.4M	$283.2M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0270%	1h	4,345.2	−0.057%	$593K	$133K	25x	as long as short
BloFin XAU-USDT	+0.0308%	4h	4,347.6	−0.003%	$15.7M	$4.6M	100x	as long as short
Bluefin GOLD-PERP	+0.0320%	1h	4,342.5	−0.121%	$25K	$14K	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0394%	1h	4,347.3	−0.010%	$268K	$767K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0406% / S −0.0221%	1h	4,348.2	+0.010%	$248K	—	111x	as long as short
HTX XAU-USDT	+0.0596%	4h	4,353.5	+0.134%	$2.9M	$4.3M	75x	as long as short