Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0021%/8h= +2.3% APRpaid last 24h −0.220%

Price spread now: edgeX against Bluefin+0.114%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bluefin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and edgeX is 0.114% dearer against Bluefin than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin GOLD-PERP	4,326.7	0.0100	pay 0.0013% / 1h	5m 03s	$25K	$14K	20x
Short	edgeX XAUUSDC	4,331.7	0.0121	get 0.0060% / 4h	2h 05m	$30.1M	$60.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bluefin. 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 BluefinbpFee edgeXbpOrdersPrice spread, now +0.114%Rate

Funding earned: $4.4
Price spread: +0.114% → 0.000%: $11.37
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$0.23
Costs to cover: 0.160%
Break-even: 7.4 days

Slippage unknown: Bluefin: no order-book sample; edgeX: live order book, 4 min ago. Net counts fees only.

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 Bluefin no order-book sample	—	—	—	—	—
Sell edgeX live order book, 4 min ago	0.23 bp	4.7 bp −$5	4.7 bp −$47	8.1 bp −$810	39.0 bp −$19.5K

Bluefin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
SunX XAU-USDT	0.0000%	4h	4,336.1	+0.216%	$92K	$8.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,329.4	+0.060%	$271K	—	250x	as long as short
Bybit XAUUSDT	+0.0004%	4h	4,332.8	+0.139%	$78.4M	$156.3M	150x	as long as short
Extended XAU-USD	+0.0032%	1h	4,329.2	+0.056%	$13.1M	$36.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.547%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,337.3	+0.244%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,332.6	+0.135%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,366.4	+0.917%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,331.7	+0.113%	$20.4M	$31.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,329	+0.052%	$291.9M	$51.6M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,329.5	+0.063%	$15.0M	$56.4M	25x	as long as short
RISEx XAU/USDC	+0.0054%	1h	4,334.5	+0.180%	$3.8M	$12.5M	25x	as long as short
Gate XAU_USDT	+0.0062%	4h	4,333.8	+0.163%	$270.9M	$419.5M	100x	as long as short
Kalshi KXGOLDPERP	+0.0064%	24h	4,334.5	+0.179%	$4.0M	$42.3M	15x	as long as short
Paradex XAU-USD-PERP	+0.0070%	8h	4,333.5	+0.155%	$19K	$5K	5x	as long as short
Lighter RH XAU	+0.0072%	1h	4,334	+0.167%	$19.9M	$39.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0072%	1h	4,330.5	+0.087%	$32K	—	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,332	+0.122%	$2.0M	$4.8M	25x	as long as short
Aster XAUUSD1	+0.0093%	4h	4,333.9	+0.165%	$72.4M	$329.7M	20x	as long as short
GRVT XAU_USDT_Perp	+0.0098%	4h	4,336.1	+0.216%	$1.4M	$3.0M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,330.2	+0.080%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,333.2	+0.148%	$273K	$208K	50x	as long as short
Bluefin GOLD-PERPlong	+0.0100%	1h	4,326.7	long leg	$25K	$14K	20x
Variational Omni XAU	+0.0101%	4h	4,334.6	+0.181%	$46.8M	$28.7M	—	as long as short
Binance XAUUSDT	+0.0109%	4h	4,332.2	+0.125%	$414.2M	$2.12B	100x	as long as short
MEXC XAU_USDT	+0.0110%	4h	4,332.1	+0.124%	$363.5M	$331.2M	1000x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,332.5	+0.133%	$160K	$87	10x	as long as short
edgeX XAUUSDCshort	+0.0121%	4h	4,331.7	+0.114%	$30.1M	$60.5M	50x
Phoenix GOLD	+0.0127%	1h	4,332.8	+0.140%	$47K	$77K	25x	as long as short
Bullet GOLD-USD	+0.0159%	1h	4,333.1	+0.147%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0175%	1h	4,333	+0.145%	$4.2M	$2.0M	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0212%	1h	4,331.3	+0.105%	$195K	$826K	25x	as long as short
HTX XAU-USDT	+0.0222%	4h	4,336.6	+0.228%	$2.8M	$5.0M	75x	as long as short
Kraken Futures PF_XAUUSD	+0.0247%	1h	4,329.6	+0.067%	$590K	$130K	25x	as long as short
Bitget XAUUSDT	+0.0248%	4h	4,332.4	+0.130%	$68.1M	$118.9M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0326%	8h	4,332.7	+0.138%	$170.5M	$297.2M	100x	as long as short
Phemex XAUUSDT	+0.0370%	4h	4,334.2	+0.173%	$2.2M	$962K	100x	as long as short
BloFin XAU-USDT	+0.0381%	4h	4,332.4	+0.130%	$16.0M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0461% / S −0.0304%	1h	4,332.9	+0.143%	$253K	—	111x	as long as short