Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h −0.016%

Price spread now: Aevo against edgeX+0.099%7-day average +0.150% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$370.368% of the position

Long on edgeX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 3 days (all we have)+0.159%+$16 · spread now +0.099%, 7d avg +0.150%

Together, before fees+0.163%+ Points / potential airdropedgeX: Active · farm board+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aevo is 0.051% cheaper against edgeX than usual: you would sell low and buy high (spread +0.099% now, against its 7-day average of +0.150%). If the spread goes back, that is −$5 on $10k: about 2.6 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.004% in total) that is about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XAUUSDC	4,337.3	0.0016	pay 0.0008% / 4h	2h 03m	$30.2M	$58.0M	50x
Short	Aevo XAU-PERP	4,341.6	0.0080	get 0.0010% / 1h	3m 02s	$161K	$87	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against edgeX. 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 edgeXbpFee AevobpOrdersPrice spread, now +0.099%Rate

Funding earned: $13.42
Price spread: +0.099% → +0.150%: −$5.07
Slippage, 4 orders: −$11.8
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$28.46
Costs to cover: 0.368%
Break-even: 21.8 days

Slippage from edgeX: live order book, 1 min ago; Aevo: live order book, 21 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 edgeX live order book, 1 min ago	0.34 bp	4.8 bp −$5	4.9 bp −$49	8.0 bp −$799	38.4 bp −$19.2K
Sell Aevo live order book, 21 min ago	4.30 bp	13.5 bp −$14	22.5 bp −$225	doesn't fit	doesn't fit

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
Bluefin GOLD-PERP	−0.0550%	1h	4,334.7	−0.061%	$26K	$21K	20x	as long as short
Aster XAUUSD1	0.0000%	4h	4,343.7	+0.147%	$71.1M	$240.9M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,342.4	+0.117%	$411.3M	$2.12B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,342.9	+0.127%	$82.6M	$144.7M	150x	as long as short
Gate XAU_USDT	0.0000%	4h	4,343.6	+0.144%	$273.8M	$413.7M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,341.5	+0.096%	$372.1M	$350.7M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,343.2	+0.134%	$67.1M	$114.0M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,341.5	+0.097%	$47.8M	$33.8M	—	as long as short
GRVT XAU_USDT_Perp	0.0000%	4h	4,342	+0.107%	$1.4M	$3.3M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,341	+0.084%	$3.9M	$34.1M	15x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet GOLD-USD	0.0000%	1h	4,342.3	+0.114%	$59K	$84K	10x	as long as short
SunX XAU-USDT	0.0000%	4h	4,346.1	+0.202%	$92K	$10.9M	20x	as long as short
HTX XAU-USDT	0.0000%	4h	4,347	+0.223%	$2.8M	$3.8M	75x	as long as short
edgeX XAUUSDClong	+0.0016%	4h	4,337.3	long leg	$30.2M	$58.0M	50x
Lighter XAU	+0.0032%	1h	4,340.7	+0.078%	$20.7M	$46.8M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,343.5	+0.141%	$20.2M	$45.1M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,343.3	+0.137%	$13.2M	$50.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.301%	$619	$54	52x	as long as short
tradeXYZ xyz:GOLD	+0.0038%	1h	4,338.6	+0.029%	$292.1M	$53.6M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,342.8	+0.126%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,382.1	+1.032%	—	$995K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,341.2	+0.089%	$4.3M	$2.3M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,341.1	+0.086%	$14.4M	$54.6M	25x	as long as short
Paradex XAU-USD-PERP	+0.0051%	8h	4,342.1	+0.110%	$19K	$6K	5x	as long as short
QFEX GOLD-USD	+0.0052%	1h	4,342.5	+0.119%	$5.5M	$1.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,338.3	+0.022%	$2.0M	$5.2M	25x	as long as short
Aevo XAU-PERPshort	+0.0080%	1h	4,341.6	+0.099%	$161K	$87	10x
Pacifica XAU	+0.0100%	1h	4,341.2	+0.088%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,343	+0.130%	$272K	$204K	50x	as long as short
Phoenix GOLD	+0.0109%	1h	4,343.4	+0.140%	$47K	$69K	25x	as long as short
Hotstuff GOLD-PERP	+0.0144%	1h	4,338.7	+0.031%	$33K	—	25x	as long as short
OKX XAU-USDT-SWAP	+0.0177%	8h	4,343.2	+0.135%	$158.0M	$275.1M	100x	as long as short
RISEx XAU/USDC	+0.0190%	1h	4,342	+0.108%	$3.4M	$12.6M	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,342.4	+0.116%	$14.8M	$4.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0333%	1h	4,339.1	+0.041%	$599K	$143K	25x	as long as short
Phemex XAUUSDT	+0.0411%	4h	4,344.8	+0.172%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0450% / S −0.0246%	1h	4,342.4	+0.116%	$251K	—	29x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0626%	1h	4,339.6	+0.052%	$221K	$883K	25x	as long as short