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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0085%/8h= −9.3% APRnext payment $0.43 per $10,000 · paid last 24h +0.012%
Price spread now: edgeX against Bybit−0.148%7-day average −0.123% · you buy dearer than you sell
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$210.206% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.051%+$5 on $10k
Price spread, last 7 days+0.120%+$12 · spread now −0.148%, 7d avg −0.123%
Together, before fees+0.171%+ Points / potential airdropedgeX: Active · farm board+$17 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and edgeX is 0.025% cheaper against Bybit than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.123%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.051%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit XAUUSDT4,358.40.0183pay 0.0092% / 4h2h 41m$84.1M$143.6M150x
ShortedgeX XAUUSDC4,351.90.0098get 0.0049% / 4h2h 41m$30.3M$60.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Bybit. 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
−$17.92
Price spread: −0.148% → −0.123%
−$2.47
Slippage, 4 orders
−$0.58
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$40.97
Costs to cover
0.206%
Break-even
never at this rate
Slippage from Bybit: live order book, 3 min ago; edgeX: live order book, 3 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 Bybit live order book, 3 min ago0.01 bp5.5 bp −$66.3 bp −$6310.3 bp −$1,03431.5 bp −$15.7K
Sell edgeX live order book, 3 min ago0.23 bp4.7 bp −$54.9 bp −$498.4 bp −$84437.3 bp −$18.6K

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
Bluefin GOLD-PERP−0.0318%1h4,348.4−0.229%$25K$14K20xas long as short
Hotstuff GOLD-PERP−0.0104%1h4,352−0.146%$33K25xas long as short
Aster XAUUSD10.0000%4h4,356.8−0.037%$69.7M$281.3M20xas long as short
Gate XAU_USDT0.0000%4h4,359.1+0.016%$263.2M$406.8M100xas long as short
Kalshi KXGOLDPERP0.0000%24h4,353.1−0.120%$4.1M$36.5M15xas long as short
SunX XAU-USDT0.0000%4h4,361.1+0.064%$93K$9.7M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,352.5−0.135%$269K250xas long as short
Extended XAU-USD+0.0032%1h4,352.3−0.139%$13.6M$43.0M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.182%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,358.2−0.003%$3.8M$4.7M40xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest GC-PERP+0.0046%1h4,389.1+0.706%$1.0M25xas long as short
Lighter XAU+0.0048%1h4,356.3−0.046%$20.7M$43.5M25xas long as short
Lighter RH XAU+0.0048%1h4,358.9+0.012%$20.1M$40.8M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,354.5−0.088%$293.8M$48.4M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,352.8−0.128%$15.0M$57.5M25xas long as short
QFEX GOLD-USD+0.0051%1h4,354.6−0.086%$5.6M$1.9M20xas long as short
Polymarket Perps GOLD-USD+0.0060%1h4,354.8−0.081%$4.3M$1.9M20xas long as short
Variational Omni XAU+0.0061%4h4,355.7−0.061%$48.3M$28.4Mas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,350.6−0.178%$2.0M$5.0M25xas long as short
MEXC XAU_USDT+0.0080%4h4,357.1−0.029%$372.5M$321.3M1000xas long as short
Binance XAUUSDT+0.0082%4h4,357.2−0.027%$410.4M$2.10B100xas long as short
Paradex XAU-USD-PERP+0.0085%8h4,355−0.077%$19K$5K5xas long as short
edgeX XAUUSDCshort+0.0098%4h4,351.9−0.148%$30.3M$60.4M50x
Pacifica XAU+0.0100%1h4,351.7−0.153%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,353.3−0.115%$275K$204K50xas long as short
Aevo XAU-PERP+0.0104%1h4,355.8−0.058%$161K$8710xas long as short
Phoenix GOLD+0.0121%1h4,354.7−0.084%$48K$64K25xas long as short
RISEx XAU/USDC+0.0135%1h4,355.2−0.073%$3.4M$12.4M25xas long as short
GRVT XAU_USDT_Perp+0.0138%4h4,358.7+0.007%$1.4M$3.0M25xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0140%1h4,355.2−0.072%$234K$661K25xas long as short
Bitget XAUUSDT+0.0144%4h4,357.8−0.013%$69.3M$109.7M100xas long as short
Bullet GOLD-USD+0.0156%1h4,355.5−0.064%$59K$83K10xas long as short
Bybit XAUUSDTlong+0.0183%4h4,358.4long leg$84.1M$143.6M150x
OKX XAU-USDT-SWAP+0.0224%8h4,359.3+0.022%$164.9M$284.9M100xas long as short
Kraken Futures PF_XAUUSD+0.0269%1h4,353.1−0.120%$594K$141K25xas long as short
BloFin XAU-USDT+0.0286%4h4,364.8+0.148%$15.5M$4.6M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0394% / S −0.0199%1h4,355.5−0.064%$253K111xas long as short
Phemex XAUUSDT+0.0411%4h4,360.9+0.058%$2.2M$1.1M100xas long as short
HTX XAU-USDT+0.0530%4h4,361+0.061%$2.9M$3.9M75xas long as short