Funding you earn now, next payment 00:00 UTC−0.0045%/8h= −4.9% APRnext payment −$0.23 per $10,000 · paid last 24h −0.003%
Price spread now: Binance against edgeX+0.085%80s7-day average +0.111% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$200.196% of the position
Funding, last 7 days−0.022%−$2 on $10k
+Price spread, last 2 days (all we have)+0.052%+$5 · spread now +0.085%, 7d avg +0.111%
=Together, before fees+0.030%+ Points / potential airdropedgeX: Active · farm board+$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.026% cheaper against edgeX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.111%). Swap the legs. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX XAUUSDC | 4,338.3 | 0.0045 | pay 0.0023% / 4h | 2h 08m | $30.2M | $58.0M | 50x |
| Short | Binance XAUUSDT | 4,342 | 0 | get 0.0000% / 4h | 2h 08m | $411.2M | $2.12B | 100x |
edgeX XAUUSDC
Binance XAUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against edgeX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$9.49
- Price spread: +0.085% → +0.111%
- −$2.58
- Slippage, 4 orders
- −$0.61
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$31.68
- Costs to cover
- 0.196%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 1 min ago; Binance: live order book, 6 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 | 4.8 bp −$48 | 7.9 bp −$795 | 36.3 bp −$18.2K |
| Sell Binance live order book, 6 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.2 bp −$522 | 6.3 bp −$3,142 |
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 | −0.0462% | 1h | 4,334.7 | −0.083% | $26K | $21K | 20x | as long as short |
| Aster XAUUSD1 | 0.0000% | 4h | 4,344.7 | +0.148% | $71.1M | $241.0M | 20x | as long as short |
| Binance XAUUSDTshort | 0.0000% | 4h | 4,342 | +0.085% | $411.2M | $2.12B | 100x | |
| Bybit XAUUSDT | 0.0000% | 4h | 4,342.3 | +0.091% | $82.6M | $144.9M | 150x | as long as short |
| Gate XAU_USDT | 0.0000% | 4h | 4,343.4 | +0.116% | $273.2M | $413.5M | 100x | as long as short |
| Bitget XAUUSDT | 0.0000% | 4h | 4,342.3 | +0.092% | $67.1M | $114.1M | 100x | as long as short |
| GRVT XAU_USDT_Perp | 0.0000% | 4h | 4,342.3 | +0.091% | $1.4M | $3.3M | 25x | as long as short |
| Kalshi KXGOLDPERP | 0.0000% | 24h | 4,341.8 | +0.080% | $3.9M | $34.1M | 15x | as long as short |
| Bullet GOLD-USD | 0.0000% | 1h | 4,342.1 | +0.087% | $58K | $84K | 10x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,346.3 | +0.184% | $92K | $10.9M | 20x | as long as short |
Bluefin GOLD-PERP
Aster XAUUSD1
Bybit XAUUSDT
Gate XAU_USDT
Bitget XAUUSDT
GRVT XAU_USDT_Perp
Kalshi KXGOLDPERP
Bullet GOLD-USD
SunX XAU-USDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC XAU_USDT | +0.0006% | 4h | 4,341.6 | +0.074% | $372.7M | $350.3M | 1000x | as long as short |
| HTX XAU-USDT | +0.0009% | 4h | 4,346.2 | +0.181% | $2.8M | $3.8M | 75x | as long as short |
| Variational Omni XAU | +0.0016% | 4h | 4,342 | +0.086% | $47.8M | $34.0M | — | as long as short |
| BloFin XAU-USDT | +0.0025% | 4h | 4,342.1 | +0.087% | $14.8M | $4.3M | 100x | as long as short |
| Lighter XAU | +0.0032% | 1h | 4,340.8 | +0.057% | $20.7M | $46.8M | 25x | as long as short |
| Lighter RH XAU | +0.0032% | 1h | 4,343.5 | +0.118% | $20.2M | $45.1M | 25x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,343.7 | +0.125% | $13.2M | $50.9M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.279% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,343.3 | +0.115% | $3.8M | $4.7M | 40x | as long as short |
| edgeX XAUUSDClong | +0.0045% | 4h | 4,338.3 | long leg | $30.2M | $58.0M | 50x | |
| Vest GC-PERP | +0.0046% | 1h | 4,382 | +1.007% | — | $995K | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,339.4 | +0.025% | $293.0M | $52.6M | 25x | as long as short |
| Polymarket Perps GOLD-USD | +0.0050% | 1h | 4,341.6 | +0.076% | $4.3M | $2.3M | 20x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,341.1 | +0.063% | $14.5M | $54.6M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0051% | 8h | 4,342.2 | +0.089% | $19K | $6K | 5x | as long as short |
| QFEX GOLD-USD | +0.0052% | 1h | 4,342.5 | +0.096% | $5.5M | $1.9M | 20x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0072% | 1h | 4,338.1 | −0.005% | $2.0M | $5.2M | 25x | as long as short |
| Aevo XAU-PERP | +0.0080% | 1h | 4,341.8 | +0.080% | $161K | $87 | 10x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,341.5 | +0.072% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,340.4 | +0.047% | $272K | $204K | 50x | as long as short |
| Phoenix GOLD | +0.0109% | 1h | 4,343.5 | +0.119% | $47K | $69K | 25x | as long as short |
| Hotstuff GOLD-PERP | +0.0160% | 1h | 4,339.5 | +0.027% | $33K | — | 25x | as long as short |
| RISEx XAU/USDC | +0.0190% | 1h | 4,342 | +0.085% | $3.4M | $12.6M | 25x | as long as short |
| OKX XAU-USDT-SWAP | +0.0195% | 8h | 4,342.5 | +0.096% | $157.9M | $275.0M | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0333% | 1h | 4,339 | +0.017% | $599K | $140K | 25x | as long as short |
| Phemex XAUUSDT | +0.0413% | 4h | 4,344.8 | +0.150% | $2.2M | $1.1M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0495% / S −0.0311% | 1h | 4,342 | +0.085% | $251K | — | 29x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0696% | 1h | 4,339.8 | +0.034% | $221K | $884K | 25x | as long as short |
MEXC XAU_USDT
HTX XAU-USDT
Variational Omni XAU
BloFin XAU-USDT
Lighter XAU
Lighter RH XAU
Extended XAU-USD
Injective XAU/USDC PERP
StandX XAU-USD
Vest GC-PERP
tradeXYZ xyz:GOLD
Polymarket Perps GOLD-USD
Ondo Perps XAU-USD.P
Paradex XAU-USD-PERP
QFEX GOLD-USD
Coinbase International GOLD-PERP-INTX
Aevo XAU-PERP
Pacifica XAU
ApeX Omni XAUUSDT
Phoenix GOLD
Hotstuff GOLD-PERP
RISEx XAU/USDC
OKX XAU-USDT-SWAP
Kraken Futures PF_XAUUSD
Phemex XAUUSDT
GMX GOLD/USD [ETH-USDC]
Deribit GOLD_USDC-PERPETUAL