Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0029%/8h= +3.2% APRpaid last 24h −0.012%

Price spread now: Extended against edgeX+0.068%53s7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as 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−$150.149% of the position

Long on edgeX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.113%−$11 on $10k

Price spread, last 7 days−0.094%−$9 · spread now +0.068%, 7d avg +0.012%

Together, before fees−0.207%+ Points / potential airdropedgeX: Active · Extended: Active · farm board−$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.056% dearer against edgeX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.012%. Mind the row above: over the last 7 days funding on this pair cost −0.113%, so the current rate has only just turned in your favour. The two prices were read 53 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	4,333.8	0.0115	pay 0.0058% / 4h	1h 54m	$30.3M	$67.1M	50x
Short	Extended XAU-USD	4,336.7	0.0144	get 0.0018% / 1h	54m 36s	$12.5M	$34.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.068%Rate

Funding earned: $6.06
Price spread: +0.068% → +0.012%: $5.62
Slippage, 4 orders: −$0.92
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$3.24
Costs to cover: 0.149%
Break-even: 10.7 days

Slippage from edgeX: live order book, 3 min ago; Extended: live order book, 3 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, 3 min ago	0.23 bp	4.7 bp −$5	4.8 bp −$48	8.0 bp −$800	37.8 bp −$18.9K
Sell Extended live order book, 3 min ago	0.12 bp	2.6 bp −$3	3.6 bp −$36	7.9 bp −$792	doesn't fit

XAU on 39 exchanges

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
Hotstuff GOLD-PERP	−3.0304%	1h	4,318.3	−0.357%	$32K	—	25x	as long as short
Bluefin GOLD-PERP	−0.0058%	1h	4,334.6	+0.018%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,345.9	+0.279%	$92K	$6.0M	20x	as long as short
Coinbase International GOLD-PERP-INTX	0.0000%	1h	4,336.7	+0.068%	$2.1M	$5.3M	25x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,332.7	−0.024%	$279K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.384%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,339.3	+0.128%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0041%	1h	4,340.3	+0.151%	$6.7M	$3.2M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,373.9	+0.926%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,337	+0.075%	$292.8M	$51.5M	25x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,336.2	+0.056%	$15.1M	$59.1M	25x	as long as short
Paradex XAU-USD-PERP	+0.0055%	8h	4,339.9	+0.142%	$2K	$13K	5x	as long as short
Aster XAUUSD1	+0.0071%	4h	4,342.1	+0.191%	$72.8M	$275.9M	20x	as long as short
Phoenix GOLD	+0.0076%	1h	4,334.6	+0.019%	$43K	$71K	25x	as long as short
Variational Omni XAU	+0.0087%	4h	4,337.4	+0.084%	$47.3M	$29.2M	—	as long as short
Lighter XAU	+0.0088%	1h	4,339.5	+0.132%	$20.3M	$30.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,336.7	+0.067%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,336.8	+0.069%	$285K	$223K	50x	as long as short
Gate XAU_USDT	+0.0102%	4h	4,341.9	+0.187%	$301.1M	$441.0M	100x	as long as short
MEXC XAU_USDT	+0.0104%	4h	4,340.5	+0.156%	$366.6M	$350.2M	1000x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,339.9	+0.142%	$161K	$87	10x	as long as short
Polymarket Perps GOLD-USD	+0.0104%	1h	4,340	+0.144%	$4.3M	$1.7M	20x	as long as short
Binance XAUUSDT	+0.0105%	4h	4,340.5	+0.156%	$443.6M	$2.43B	100x	as long as short
GRVT XAU_USDT_Perp	+0.0108%	4h	4,337.8	+0.094%	$1.4M	$3.1M	25x	as long as short
Lighter RH XAU	+0.0112%	1h	4,342	+0.191%	$19.7M	$39.5M	25x	as long as short
edgeX XAUUSDClong	+0.0115%	4h	4,333.8	long leg	$30.3M	$67.1M	50x
Deribit GOLD_USDC-PERPETUAL	+0.0119%	1h	4,340.1	+0.146%	$135K	$707K	25x	as long as short
Bybit XAUUSDT	+0.0129%	4h	4,341.9	+0.188%	$82.6M	$173.6M	150x	as long as short
Kalshi KXGOLDPERP	+0.0135%	24h	4,341.6	+0.181%	$3.5M	$51.0M	15x	as long as short
Extended XAU-USDshort	+0.0144%	1h	4,336.7	+0.068%	$12.5M	$34.8M	25x
Bullet GOLD-USD	+0.0198%	1h	4,341.3	+0.174%	$59K	$76K	10x	as long as short
Phemex XAUUSDT	+0.0203%	4h	4,342.2	+0.196%	$2.3M	$784K	100x	as long as short
RISEx XAU/USDC	+0.0205%	1h	4,340.9	+0.164%	$4.7M	$13.3M	25x	as long as short
Bitget XAUUSDT	+0.0220%	4h	4,340.7	+0.159%	$73.1M	$139.3M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0241%	8h	4,340.9	+0.165%	$170.8M	$361.0M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0253%	1h	4,338.4	+0.108%	$584K	$167K	25x	as long as short
BloFin XAU-USDT	+0.0345%	4h	4,340.8	+0.163%	$16.3M	$5.3M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0460% / S −0.0308%	1h	4,340.9	+0.165%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.1105%	4h	4,346.5	+0.294%	$3.2M	$7.1M	75x	as long as short