Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h −0.023%

Price spread now: ApeX Omni against edgeX+0.074%7-day average +0.122% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$430.431% of the position

Long on edgeX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 3 days (all we have)+0.075%+$8 · spread now +0.074%, 7d avg +0.122%

Together, before fees+0.067%+ Points / potential airdropedgeX: Active · farm board+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.048% cheaper against edgeX than usual: you would sell low and buy high (spread +0.074% now, against its 7-day average of +0.122%). If the spread goes back, that is −$5 on $10k: about 42 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XAUUSDC	4,359.1	0.0008	pay 0.0004% / 4h	17m 53s	$30.3M	$58.8M	50x
Short	ApeX Omni XAUUSDT	4,362.3	0.0100	get 0.0013% / 1h	17m 53s	$277K	$204K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.074%Rate

Funding earned: $19.41
Price spread: +0.074% → +0.122%: −$4.83
Slippage, 4 orders: −$24.09
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$28.51
Costs to cover: 0.431%
Break-even: 17.3 days

Slippage from edgeX: live order book, 1 min ago; ApeX Omni: live order book, 59 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	0.23 bp	4.7 bp −$5	4.9 bp −$49	8.6 bp −$861	39.1 bp −$19.5K
Sell ApeX Omni live order book, 59 min ago	7.49 bp	17.0 bp −$17	29.5 bp −$295	39.0 bp −$3,897	doesn't fit

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
Bluefin GOLD-PERP	−0.0223%	1h	4,366	+0.159%	$26K	$22K	20x	as long as short
Phoenix GOLD	−0.0004%	1h	4,363.7	+0.106%	$48K	$65K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,372.9	+0.317%	$71.7M	$225.1M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,371.8	+0.292%	$410.6M	$2.14B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,372.1	+0.300%	$82.6M	$142.5M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,373.8	+0.339%	$3.4M	$12.3M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,372.3	+0.303%	$267.5M	$416.9M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,371.8	+0.292%	$375.5M	$324.0M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,371.5	+0.284%	$69.6M	$113.4M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,366.6	+0.172%	$48.5M	$30.2M	—	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XAU_USDT_Perp	0.0000%	4h	4,364.9	+0.134%	$1.4M	$3.1M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,370.5	+0.262%	$4.0M	$36.2M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,378	+0.435%	$93K	$10.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,370.1	+0.254%	$268K	—	250x	as long as short
edgeX XAUUSDClong	+0.0008%	4h	4,359.1	long leg	$30.3M	$58.8M	50x
QFEX GOLD-USD	+0.0032%	1h	4,372	+0.297%	$5.5M	$1.9M	20x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.198%	$619	$54	52x	as long as short
Lighter XAU	+0.0040%	1h	4,372.5	+0.307%	$20.8M	$44.9M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,369.2	+0.233%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,407.3	+1.107%	—	$1.0M	25x	as long as short
Lighter RH XAU	+0.0048%	1h	4,373.9	+0.340%	$20.2M	$42.2M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,367.9	+0.203%	$294.1M	$52.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,370.3	+0.257%	$14.6M	$57.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0054%	8h	4,373.1	+0.323%	$19K	$5K	5x	as long as short
Extended XAU-USD	+0.0056%	1h	4,368.2	+0.209%	$13.1M	$45.5M	25x	as long as short
Hotstuff GOLD-PERP	+0.0056%	1h	4,369.6	+0.242%	$33K	—	25x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,373.1	+0.321%	$162K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,369.9	+0.249%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDTshort	+0.0100%	1h	4,362.3	+0.074%	$277K	$204K	50x
Polymarket Perps GOLD-USD	+0.0102%	1h	4,373.2	+0.324%	$4.3M	$1.8M	20x	as long as short
Bullet GOLD-USD	+0.0106%	1h	4,373.6	+0.333%	$59K	$81K	10x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0152%	1h	4,370.1	+0.253%	$2.0M	$5.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0162%	8h	4,372.7	+0.313%	$158.6M	$275.4M	100x	as long as short
HTX XAU-USDT	+0.0174%	4h	4,378.5	+0.445%	$2.8M	$3.7M	75x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0208%	1h	4,372.1	+0.299%	$236K	$736K	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0219%	1h	4,371.2	+0.277%	$603K	$136K	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,369.5	+0.239%	$14.8M	$4.5M	100x	as long as short
Phemex XAUUSDT	+0.0308%	4h	4,372.3	+0.304%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,373.6	+0.334%	$252K	—	111x	as long as short