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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0068%/8h= −7.4% APRnext payment $0.09 per $10,000 · paid last 24h −0.012%
Price spread now: Extended against Pacifica−0.017%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$150.148% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.058%−$6 on $10k
Price spread, last 7 days+0.103%+$10 · spread now −0.017%, 7d avg +0.006%
Together, before fees+0.044%+ Points / potential airdropPacifica: Active · Extended: Active · farm board+$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Extended is 0.023% cheaper against Pacifica than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.006%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica XAU4,359.60.0100pay 0.0013% / 1h3m 03s$1.4M$1.2M10x
ShortExtended XAU-USD4,358.90.0032get 0.0004% / 1h3m 03s$13.5M$43.5M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Pacifica. 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
−$14.28
Price spread: −0.017% → +0.006%
−$2.31
Slippage, 4 orders
−$1.8
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$31.4
Costs to cover
0.148%
Break-even
never at this rate
Slippage from Pacifica: live order book, 1 min ago; Extended: live order book, 6 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 Pacifica live order book, 1 min ago0.12 bp5.0 bp −$5doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 6 min ago0.12 bp2.6 bp −$33.6 bp −$367.1 bp −$71229.7 bp −$14.8K

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
Aster XAUUSD10.0000%4h4,363.5+0.089%$69.8M$224.6M20xas long as short
Gate XAU_USDT0.0000%4h4,363.6+0.092%$265.0M$422.9M100xas long as short
Kalshi KXGOLDPERP0.0000%24h4,359.9+0.007%$4.0M$36.7M15xas long as short
SunX XAU-USDT0.0000%4h4,367.2+0.175%$93K$10.1M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,358.1−0.034%$269K250xas long as short
Variational Omni XAU+0.0029%4h4,362.2+0.059%$48.4M$28.5Mas long as short
Extended XAU-USDshort+0.0032%1h4,358.9−0.017%$13.5M$43.5M25x
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.211%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,363.5+0.089%$3.8M$4.7M40xas long as short
QFEX GOLD-USD+0.0045%1h4,362.7+0.071%$5.6M$1.9M20xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest GC-PERP+0.0046%1h4,396.2+0.840%$1.0M25xas long as short
RISEx XAU/USDC+0.0048%1h4,363+0.078%$3.4M$12.3M25xas long as short
MEXC XAU_USDT+0.0048%4h4,362.4+0.065%$373.3M$331.4M1000xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,359.2−0.009%$294.0M$51.6M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,358.9−0.017%$14.8M$57.3M25xas long as short
Binance XAUUSDT+0.0052%4h4,363.2+0.081%$411.7M$2.15B100xas long as short
Phoenix GOLD+0.0055%1h4,359.60.000%$48K$64K25xas long as short
edgeX XAUUSDC+0.0062%4h4,356−0.083%$30.3M$60.4M50xas long as short
Lighter XAU+0.0072%1h4,361.3+0.040%$20.6M$44.5M25xas long as short
Paradex XAU-USD-PERP+0.0086%8h4,362.7+0.071%$19K$5K5xas long as short
Hotstuff GOLD-PERP+0.0088%1h4,359.4−0.005%$33K25xas long as short
Lighter RH XAU+0.0088%1h4,363.7+0.094%$20.2M$41.4M25xas long as short
Aevo XAU-PERP+0.0096%1h4,361.7+0.048%$162K$8710xas long as short
Coinbase International GOLD-PERP-INTX+0.0096%1h4,359.8+0.005%$2.0M$5.1M25xas long as short
Pacifica XAUlong+0.0100%1h4,359.6long leg$1.4M$1.2M10x
ApeX Omni XAUUSDT+0.0100%1h4,359.4−0.005%$275K$204K50xas long as short
Bluefin GOLD-PERP+0.0100%1h4,355−0.106%$26K$22K20xas long as short
Bitget XAUUSDT+0.0102%4h4,363+0.079%$69.0M$112.1M100xas long as short
Polymarket Perps GOLD-USD+0.0118%1h4,361.6+0.046%$4.3M$1.8M20xas long as short
GRVT XAU_USDT_Perp+0.0142%4h4,362.6+0.069%$1.4M$3.1M25xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0186%1h4,360.5+0.021%$235K$658K25xas long as short
Bybit XAUUSDT+0.0197%4h4,363.5+0.090%$83.8M$144.8M150xas long as short
BloFin XAU-USDT+0.0207%4h4,362.7+0.072%$15.4M$4.6M100xas long as short
Bullet GOLD-USD+0.0213%1h4,362.9+0.075%$59K$82K10xas long as short
OKX XAU-USDT-SWAP+0.0214%8h4,364.2+0.106%$164.2M$288.4M100xas long as short
Kraken Futures PF_XAUUSD+0.0225%1h4,360.2+0.013%$595K$141K25xas long as short
Phemex XAUUSDT+0.0290%4h4,363.8+0.096%$2.2M$1.1M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0393% / S −0.0199%1h4,362.4+0.065%$254K111xas long as short
HTX XAU-USDT+0.0555%4h4,367.4+0.178%$2.9M$3.9M75xas long as short