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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0078%/8h= −8.5% APRnext payment $0.10 per $10,000 · paid last 24h −0.004%
Price spread now: tradeXYZ against Extended+0.018%7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$250.249% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.069%+$7 on $10k
Price spread, last 7 days−0.029%−$3 · spread now +0.018%, 7d avg +0.004%
Together, before fees+0.040%+ Points / potential airdropExtended: Active · tradeXYZ: Active · farm board+$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.069%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended XAU-USD4,320.60.0128pay 0.0016% / 1h31m 31s$13.2M$36.8M25x
ShorttradeXYZ xyz:GOLD4,321.40.0050get 0.0006% / 1h31m 31s$291.7M$51.5M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ 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

Funding earned
−$16.38
Price spread: +0.018% → +0.004%
$1.39
Slippage, 4 orders
−$1.91
Fee Extended: 2.5 bp × 2 orders
−$5
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$39.9
Costs to cover
0.249%
Break-even
never at this rate
Slippage from Extended: live order book, 3 min ago; tradeXYZ: live order book, 9 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 Extended live order book, 3 min ago0.12 bp4.1 bp −$46.6 bp −$6610.0 bp −$1,004doesn't fit
Sell tradeXYZ live order book, 9 min ago0.12 bp9.1 bp −$99.6 bp −$9611.8 bp −$1,177doesn'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
Hotstuff GOLD-PERP−0.0096%1h4,322.5+0.043%$32K25xas long as short
Bluefin GOLD-PERP−0.0086%1h4,318.6−0.047%$25K$1K20xas long as short
SunX XAU-USDT0.0000%4h4,328.4+0.179%$92K$7.3M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,321.6+0.022%$270K250xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.689%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,327.2+0.152%$3.8M$4.5M40xas long as short
QFEX GOLD-USD+0.0045%1h4,324.1+0.080%$5.4M$2.0M20xas long as short
Vest GC-PERP+0.0046%1h4,356.6+0.832%$1.0M25xas long as short
tradeXYZ xyz:GOLDshort+0.0050%1h4,321.4+0.018%$291.7M$51.5M25x
Ondo Perps XAU-USD.P+0.0050%1h4,320.3−0.008%$15.0M$55.6M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit XAUUSDT+0.0054%4h4,325.6+0.114%$77.7M$152.8M150xas long as short
Aster XAUUSD1+0.0058%4h4,326+0.125%$72.9M$271.9M20xas long as short
Lighter XAU+0.0064%1h4,323.5+0.067%$20.5M$29.4M25xas long as short
Paradex XAU-USD-PERP+0.0065%8h4,324.1+0.081%$2K$14K5xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,320.5−0.003%$2.1M$4.8M25xas long as short
Variational Omni XAU+0.0089%4h4,324.9+0.099%$47.2M$29.3Mas long as short
Kalshi KXGOLDPERP+0.0093%24h4,325.7+0.117%$3.8M$44.6M15xas long as short
Phoenix GOLD+0.0096%1h4,323.3+0.062%$47K$79K25xas long as short
Pacifica XAU+0.0100%1h4,321+0.009%$1.4M$1.2M10xas long as short
MEXC XAU_USDT+0.0100%4h4,324.9+0.099%$362.9M$327.8M1000xas long as short
GRVT XAU_USDT_Perp+0.0100%4h4,326.8+0.142%$1.4M$3.0M25xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,320.9+0.005%$272K$208K50xas long as short
Binance XAUUSDT+0.0101%4h4,324.6+0.092%$425.1M$2.13B100xas long as short
Aevo XAU-PERP+0.0104%1h4,323.7+0.071%$160K$8710xas long as short
Gate XAU_USDT+0.0108%4h4,326.6+0.138%$285.8M$416.7M100xas long as short
edgeX XAUUSDC+0.0117%4h4,322.9+0.053%$30.1M$59.6M50xas long as short
Lighter RH XAU+0.0120%1h4,326.2+0.128%$20.0M$39.2M25xas long as short
Extended XAU-USDlong+0.0128%1h4,320.6long leg$13.2M$36.8M25x
Bitget XAUUSDT+0.0194%4h4,324.4+0.086%$70.1M$118.5M100xas long as short
Bullet GOLD-USD+0.0206%1h4,324.4+0.087%$58K$81K10xas long as short
Polymarket Perps GOLD-USD+0.0219%1h4,324.3+0.085%$4.3M$1.9M20xas long as short
Kraken Futures PF_XAUUSD+0.0228%1h4,322.1+0.033%$578K$135K25xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0236%1h4,322.4+0.041%$163K$872K25xas long as short
OKX XAU-USDT-SWAP+0.0276%8h4,325.3+0.108%$173.9M$299.0M100xas long as short
BloFin XAU-USDT+0.0341%4h4,324.9+0.099%$16.4M$4.6M100xas long as short
Phemex XAUUSDT+0.0370%4h4,327.2+0.152%$2.2M$975K100xas long as short
HTX XAU-USDT+0.0424%4h4,331.1+0.241%$3.2M$5.9M75xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0462% / S −0.0307%1h4,324.3+0.084%$253K111xas long as short
RISEx XAU/USDC+0.0643%1h4,324.5+0.090%$4.6M$13.3M25xas long as short