Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0006%/8h= +0.6% APRpaid last 24h −0.097%

Price spread now: Extended against BloFin−0.201%74s7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$180.184% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.437%−$44 on $10k

Price spread, last 3 days (all we have)+0.103%+$10 · spread now −0.201%, 7d avg −0.067%

Together, before fees−0.334%+ Points / potential airdropExtended: Active · farm board−$33 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.134% cheaper against BloFin than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.067%. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XAU-USDT	4,363.5	0.0082	pay 0.0041% / 4h	3h 23m	$15.5M	$4.5M	100x
Short	Extended XAU-USD	4,354.7	0.0088	get 0.0011% / 1h	23m 48s	$13.5M	$43.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BloFin. 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 BloFinbpFee ExtendedbpOrdersPrice spread, now −0.201%Rate

Funding earned: $1.24
Price spread: −0.201% → −0.067%: −$13.41
Slippage, 4 orders: −$1.44
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$30.6
Costs to cover: 0.184%
Break-even: 179.3 days

Slippage from BloFin: live order book, 5 min ago; Extended: live order book, 5 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 BloFin live order book, 5 min ago	0.05 bp	6.0 bp −$6	6.1 bp −$61	7.1 bp −$709	doesn't fit
Sell Extended live order book, 5 min ago	0.12 bp	3.6 bp −$4	5.1 bp −$51	8.1 bp −$811	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
Aster XAUUSD1	0.0000%	4h	4,359.1	−0.101%	$71.0M	$200.2M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,359.6	−0.088%	$266.7M	$416.4M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,358.2	−0.120%	$4.0M	$36.6M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,365.1	+0.037%	$93K	$10.2M	20x	as long as short
Variational Omni XAU	0.0000%	4h	4,360.4	−0.069%	$47.8M	$28.1M	—	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,356.7	−0.154%	$267K	—	250x	as long as short
MEXC XAU_USDT	+0.0020%	4h	4,358.6	−0.110%	$372.6M	$328.0M	1000x	as long as short
Binance XAUUSDT	+0.0022%	4h	4,358.1	−0.123%	$411.5M	$2.15B	100x	as long as short
edgeX XAUUSDC	+0.0023%	4h	4,356.2	−0.167%	$30.3M	$60.3M	50x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.299%	$619	$54	52x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAU-USD	+0.0040%	1h	4,362.4	−0.024%	$3.8M	$4.7M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,361	−0.056%	$5.6M	$1.9M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,395.1	+0.725%	—	$1.0M	25x	as long as short
RISEx XAU/USDC	+0.0048%	1h	4,361.3	−0.050%	$3.4M	$12.3M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,354.9	−0.196%	$293.6M	$51.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,356.2	−0.165%	$14.7M	$57.2M	25x	as long as short
Phoenix GOLD	+0.0055%	1h	4,358.5	−0.113%	$48K	$64K	25x	as long as short
Bitget XAUUSDT	+0.0058%	4h	4,357.7	−0.131%	$69.1M	$113.5M	100x	as long as short
Lighter XAU	+0.0072%	1h	4,358.8	−0.107%	$20.6M	$44.1M	25x	as long as short
Paradex XAU-USD-PERP	+0.0081%	8h	4,361.1	−0.053%	$19K	$5K	5x	as long as short
BloFin XAU-USDTlong	+0.0082%	4h	4,363.5	long leg	$15.5M	$4.5M	100x
Extended XAU-USDshort	+0.0088%	1h	4,354.7	−0.201%	$13.5M	$43.8M	25x
Aevo XAU-PERP	+0.0088%	1h	4,359.7	−0.085%	$161K	$87	10x	as long as short
Lighter RH XAU	+0.0096%	1h	4,360.8	−0.061%	$20.2M	$41.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0096%	1h	4,358	−0.125%	$33K	—	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,358.3	−0.118%	$2.0M	$5.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,357.7	−0.131%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,357.8	−0.130%	$275K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,353.7	−0.224%	$26K	$22K	20x	as long as short
Bybit XAUUSDT	+0.0102%	4h	4,358.8	−0.108%	$83.3M	$144.2M	150x	as long as short
Polymarket Perps GOLD-USD	+0.0123%	1h	4,359.6	−0.088%	$4.3M	$1.8M	20x	as long as short
GRVT XAU_USDT_Perp	+0.0154%	4h	4,362	−0.034%	$1.4M	$3.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0198%	8h	4,359.1	−0.100%	$163.8M	$289.1M	100x	as long as short
Bullet GOLD-USD	+0.0213%	1h	4,361.4	−0.047%	$59K	$81K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,357.5	−0.136%	$594K	$151K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0232%	1h	4,359.2	−0.097%	$235K	$656K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,360.8	−0.062%	$252K	—	111x	as long as short
Phemex XAUUSDT	+0.0455%	4h	4,362.5	−0.023%	$2.2M	$1.1M	100x	as long as short
HTX XAU-USDT	+0.0586%	4h	4,365.2	+0.041%	$2.9M	$3.9M	75x	as long as short