Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0005%/8h= −0.5% APRpaid last 24h −0.052%

Price spread now: gTrade (Gains Network) against edgeX+0.101%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$267as in the Price arb table

costs, in and out, $10k−$2762.765% of the position

Long on edgeX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.059%−$6 on $10k

Price spread, last 3 days (all we have)+0.036%+$4 · spread now +0.101%, 7d avg +0.008%

Together, before fees−0.023%+ Points / potential airdropedgeX: Active · farm board−$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: gTrade (Gains Network) is 0.093% dearer against edgeX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XAUUSDC	4,362.7	0.0008	pay 0.0004% / 4h	17m 01s	$30.3M	$59.3M	50x
Short	gTrade (Gains Network) XAU/USD	4,367.2	L +0.0002% / S −0.0003%	get 0.0000% / 1h	17m 01s	$268K	—	250x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.101%Rate

Funding earned: −$0.97
Price spread: +0.101% → +0.008%: $9.34
Slippage, 4 orders: −$260.47
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Net: −$268.1
Costs to cover: 2.765%
Break-even: never at this rate

Slippage from edgeX: live order book, 2 min ago; gTrade (Gains Network): virtual book (oracle venue), 27 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, 2 min ago	0.23 bp	4.7 bp −$5	4.9 bp −$49	8.6 bp −$861	39.1 bp −$19.5K
Sell gTrade (Gains Network) virtual book (oracle venue), 27 min ago	130.01 bp	133.5 bp −$134	243.0 bp −$2,430	1975.4 bp −$197.5K	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	−0.0222%	1h	4,363.8	+0.025%	$26K	$22K	20x	as long as short
Phoenix GOLD	−0.0004%	1h	4,370.3	+0.173%	$48K	$65K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,372	+0.211%	$71.7M	$225.1M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,370.7	+0.182%	$410.5M	$2.14B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,371.1	+0.192%	$82.6M	$142.5M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,371.4	+0.199%	$3.4M	$12.3M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,371.5	+0.200%	$267.5M	$417.2M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,370.7	+0.181%	$375.3M	$324.0M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,370.8	+0.186%	$69.6M	$113.4M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,366.6	+0.088%	$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	4,373.1	+0.237%	$1.4M	$3.1M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,368.8	+0.139%	$4.0M	$36.2M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,375.1	+0.282%	$93K	$10.6M	20x	as long as short
gTrade (Gains Network) XAU/USDshort	L +0.0002% / S −0.0003%	1h	4,367.2	+0.101%	$268K	—	250x
edgeX XAUUSDClong	+0.0008%	4h	4,362.7	long leg	$30.3M	$59.3M	50x
Hotstuff GOLD-PERP	+0.0016%	1h	4,367.4	+0.107%	$33K	—	25x	as long as short
QFEX GOLD-USD	+0.0032%	1h	4,369.3	+0.150%	$5.4M	$1.9M	20x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.283%	$619	$54	52x	as long as short
Lighter XAU	+0.0040%	1h	4,369.7	+0.159%	$20.7M	$44.9M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,369.2	+0.148%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,405.5	+0.980%	—	$1.0M	25x	as long as short
Lighter RH XAU	+0.0048%	1h	4,372.2	+0.217%	$20.2M	$42.2M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,367.1	+0.100%	$294.2M	$52.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,367.6	+0.112%	$14.6M	$56.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0054%	8h	4,371	+0.190%	$19K	$5K	5x	as long as short
Extended XAU-USD	+0.0056%	1h	4,367.2	+0.101%	$13.1M	$45.5M	25x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,371.1	+0.191%	$162K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,367.8	+0.116%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,368.8	+0.138%	$277K	$204K	50x	as long as short
Polymarket Perps GOLD-USD	+0.0103%	1h	4,370.8	+0.185%	$4.3M	$1.8M	20x	as long as short
Bullet GOLD-USD	+0.0108%	1h	4,371.3	+0.195%	$59K	$81K	10x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0152%	1h	4,370.1	+0.169%	$2.0M	$5.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0162%	8h	4,371.7	+0.205%	$158.6M	$275.4M	100x	as long as short
HTX XAU-USDT	+0.0176%	4h	4,376	+0.305%	$2.8M	$3.8M	75x	as long as short
Kraken Futures PF_XAUUSD	+0.0219%	1h	4,368.3	+0.128%	$603K	$136K	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,371	+0.190%	$14.8M	$4.5M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0277%	1h	4,369.8	+0.162%	$235K	$736K	25x	as long as short
Phemex XAUUSDT	+0.0316%	4h	4,370.6	+0.180%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,370.9	+0.186%	$252K	—	111x	as long as short