Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.025%

Price spread now: Extended against MEXC−0.070%7-day average −0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

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

costs, in and out, $10k−$90.094% of the position

Long on MEXC Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.092%−$9 on $10k

Price spread, last 7 days+0.038%+$4 · spread now −0.070%, 7d avg −0.090%

Together, before fees−0.054%+ Points / potential airdropExtended: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.021% dearer against MEXC than usual: you sell high and buy low (spread −0.070% now, against its 7-day average of −0.090%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 31 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XAU_USDT	4,361	0.0086	pay 0.0043% / 4h	2h 33m	$374.1M	$322.5M	1000x
Short	Extended XAU-USD	4,358	0.0032	get 0.0004% / 1h	33m 47s	$13.6M	$42.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against MEXC. 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 MEXCbpFee ExtendedbpOrdersPrice spread, now −0.070%Rate

Funding earned: −$11.34
Price spread: −0.070% → −0.090%: $2.09
Slippage, 4 orders: −$0.37
Fee MEXC: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$18.62
Costs to cover: 0.094%
Break-even: never at this rate

Slippage from MEXC: 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 MEXC live order book, 5 min ago	0.03 bp	2.1 bp −$2	2.3 bp −$23	8.6 bp −$859	30.7 bp −$15.4K
Sell Extended live order book, 5 min ago	0.12 bp	2.6 bp −$3	3.2 bp −$32	7.7 bp −$770	31.9 bp −$15.9K

XAU on 38 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
Hotstuff GOLD-PERP	0.0000%	1h	4,357	−0.091%	$33K	—	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,362	+0.022%	$262.9M	$409.2M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,358.1	−0.066%	$4.1M	$36.3M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,363.9	+0.067%	$93K	$9.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,357.8	−0.074%	$270K	—	250x	as long as short
Aster XAUUSD1	+0.0004%	4h	4,360.4	−0.013%	$70.2M	$293.3M	20x	as long as short
Extended XAU-USDshort	+0.0032%	1h	4,358	−0.070%	$13.6M	$42.9M	25x
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.242%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,360.5	−0.011%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,394.1	+0.759%	—	$1.0M	25x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XAU	+0.0048%	1h	4,358.7	−0.053%	$20.7M	$43.5M	25x	as long as short
Lighter RH XAU	+0.0048%	1h	4,361	0.000%	$20.1M	$40.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,356.6	−0.101%	$294.2M	$48.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,356	−0.115%	$14.9M	$57.9M	25x	as long as short
QFEX GOLD-USD	+0.0051%	1h	4,358.1	−0.066%	$5.6M	$1.9M	20x	as long as short
Polymarket Perps GOLD-USD	+0.0059%	1h	4,359.6	−0.032%	$4.3M	$1.9M	20x	as long as short
Variational Omni XAU	+0.0069%	4h	4,356.5	−0.103%	$48.3M	$28.4M	—	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,354.9	−0.140%	$2.0M	$5.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0082%	8h	4,359.2	−0.042%	$19K	$5K	5x	as long as short
edgeX XAUUSDC	+0.0084%	4h	4,350.2	−0.247%	$30.3M	$60.6M	50x	as long as short
MEXC XAU_USDTlong	+0.0086%	4h	4,361	long leg	$374.1M	$322.5M	1000x
Binance XAUUSDT	+0.0088%	4h	4,359.6	−0.033%	$409.7M	$2.10B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,356	−0.114%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,352.6	−0.193%	$275K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,353.7	−0.167%	$26K	$14K	20x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,360.1	−0.021%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0121%	1h	4,355.1	−0.135%	$48K	$64K	25x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,359.3	−0.039%	$3.4M	$12.4M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0136%	4h	4,357.5	−0.080%	$1.4M	$2.9M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0140%	1h	4,360	−0.023%	$235K	$662K	25x	as long as short
Bullet GOLD-USD	+0.0155%	1h	4,360.5	−0.011%	$59K	$83K	10x	as long as short
Bitget XAUUSDT	+0.0156%	4h	4,360.1	−0.022%	$69.4M	$110.1M	100x	as long as short
Bybit XAUUSDT	+0.0181%	4h	4,360.7	−0.008%	$84.1M	$144.1M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0227%	8h	4,361.2	+0.005%	$165.1M	$284.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,358	−0.069%	$594K	$141K	25x	as long as short
Phemex XAUUSDT	+0.0357%	4h	4,362.2	+0.027%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0394% / S −0.0199%	1h	4,361	0.000%	$253K	—	111x	as long as short
HTX XAU-USDT	+0.0518%	4h	4,365	+0.091%	$2.9M	$3.9M	75x	as long as short