Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.001%

Price spread now: Gate against Extended+0.097%7-day average +0.119% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$200.203% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 7 days−0.014%−$1 · spread now +0.097%, 7d avg +0.119%

Together, before fees−0.034%+ Points / potential airdropExtended: Active · farm board−$3 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 Gate is 0.022% cheaper against Extended than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.119%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XAU-USD	4,361.5	0.0032	pay 0.0004% / 1h	39m 47s	$13.0M	$46.4M	25x
Short	Gate XAU_USDT	4,365.8	0	get 0.0000% / 4h	39m 47s	$267.9M	$408.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Extended. 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 ExtendedbpFee GatebpOrdersPrice spread, now +0.097%Rate

Funding earned: −$6.72
Price spread: +0.097% → +0.119%: −$2.23
Slippage, 4 orders: −$0.25
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$29.2
Costs to cover: 0.203%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; Gate: 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 Extended live order book, 4 min ago	0.12 bp	2.6 bp −$3	3.6 bp −$36	6.7 bp −$668	23.4 bp −$11.7K
Sell Gate live order book, 4 min ago	0.01 bp	7.5 bp −$8	7.9 bp −$79	12.4 bp −$1,238	14.2 bp −$7,086

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
Bluefin GOLD-PERP	−0.0280%	1h	4,359.4	−0.048%	$26K	$21K	20x	as long as short
Phoenix GOLD	−0.0004%	1h	4,363.3	+0.041%	$48K	$65K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,365.7	+0.096%	$71.6M	$227.7M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,364.8	+0.075%	$407.8M	$2.11B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,365.7	+0.096%	$82.6M	$141.6M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,366.8	+0.122%	$3.4M	$12.4M	25x	as long as short
Gate XAU_USDTshort	0.0000%	4h	4,365.8	+0.097%	$267.9M	$408.3M	100x
MEXC XAU_USDT	0.0000%	4h	4,364.9	+0.077%	$377.2M	$321.5M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,365	+0.080%	$67.0M	$111.3M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,365.9	+0.101%	$48.5M	$30.6M	—	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XAU_USDT_Perp	0.0000%	4h	4,367.2	+0.130%	$1.4M	$3.1M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,363.7	+0.050%	$4.0M	$35.3M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,370.9	+0.215%	$93K	$10.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,361.2	−0.007%	$268K	—	250x	as long as short
edgeX XAUUSDC	+0.0019%	4h	4,360.5	−0.022%	$30.3M	$58.3M	50x	as long as short
QFEX GOLD-USD	+0.0032%	1h	4,366.1	+0.105%	$5.6M	$1.7M	20x	as long as short
Lighter XAU	+0.0032%	1h	4,364.3	+0.063%	$20.8M	$44.4M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,366.6	+0.117%	$20.2M	$41.6M	25x	as long as short
Extended XAU-USDlong	+0.0032%	1h	4,361.5	long leg	$13.0M	$46.4M	25x
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.254%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,366.6	+0.117%	$3.8M	$4.7M	40x	as long as short
Bullet GOLD-USD	+0.0045%	1h	4,364.9	+0.078%	$60K	$81K	10x	as long as short
Vest GC-PERP	+0.0046%	1h	4,400.5	+0.894%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,361.7	+0.004%	$293.6M	$52.1M	25x	as long as short
Paradex XAU-USD-PERP	+0.0050%	8h	4,366.4	+0.112%	$19K	$6K	5x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,363.6	+0.049%	$14.5M	$56.1M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0071%	1h	4,363.5	+0.046%	$235K	$735K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0076%	1h	4,365.7	+0.096%	$4.3M	$1.8M	20x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,364.5	+0.068%	$162K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,363.6	+0.048%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,361.3	−0.004%	$277K	$204K	50x	as long as short
Hotstuff GOLD-PERP	+0.0112%	1h	4,363.3	+0.041%	$33K	—	25x	as long as short
HTX XAU-USDT	+0.0141%	4h	4,368.2	+0.153%	$2.8M	$3.8M	75x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0152%	1h	4,361.5	0.000%	$2.0M	$5.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0154%	8h	4,365.7	+0.096%	$157.8M	$271.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0220%	1h	4,362.9	+0.032%	$602K	$138K	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,366.9	+0.123%	$14.7M	$4.4M	100x	as long as short
Phemex XAUUSDT	+0.0303%	4h	4,368.8	+0.167%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0388% / S −0.0197%	1h	4,364.9	+0.078%	$252K	—	111x	as long as short