Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0135%/8h= +14.8% APRpaid last 24h +0.005%

Price spread now: GMX against edgeX+0.086%7-day average +0.171% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.087%+$9 on $10k

Price spread, last 4 days (all we have)+0.156%+$16 · spread now +0.086%, 7d avg +0.171%

Together, before fees+0.243%+ Points / potential airdropedgeX: Active · farm board+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.085% cheaper against edgeX than usual: you would sell low and buy high (spread +0.086% now, against its 7-day average of +0.171%). If the spread goes back, that is −$9 on $10k: about 2.1 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XAUUSDC	4,343.7	0.0085	pay 0.0043% / 4h	1h 04m	$30.2M	$58.5M	50x
Short	GMX GOLD/USD [ETH-USDC]	4,347.4	L +0.0405% / S −0.0220%	get 0.0027% / 1h	4m 52s	$248K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.086%Rate

Funding earned: $28.29
Price spread: +0.086% → +0.171%: −$8.55
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: −$1.25
Costs to cover: 0.210%
Break-even: 7.3 days

Slippage unknown: edgeX: live order book, 4 min ago; GMX: no order-book sample. Net counts fees only.

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, 4 min ago	0.23 bp	4.7 bp −$5	4.9 bp −$49	7.7 bp −$769	34.8 bp −$17.4K
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Gate XAU_USDT	0.0000%	4h	4,348.2	+0.103%	$265.3M	$417.4M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,352	+0.191%	$92K	$9.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,343.5	−0.005%	$266K	—	250x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,347.1	+0.079%	$3.4M	$12.4M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,342.1	−0.038%	$13.4M	$38.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.155%	$619	$54	52x	as long as short
Aster XAUUSD1	+0.0040%	4h	4,346.5	+0.064%	$70.8M	$334.0M	20x	as long as short
StandX XAU-USD	+0.0040%	1h	4,348.4	+0.108%	$3.8M	$4.6M	40x	as long as short
Kalshi KXGOLDPERP	+0.0041%	24h	4,344.4	+0.016%	$4.1M	$37.1M	15x	as long as short
Vest GC-PERP	+0.0046%	1h	4,380.3	+0.843%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USD	+0.0046%	1h	4,347.3	+0.083%	$5.7M	$2.0M	20x	as long as short
Lighter XAU	+0.0048%	1h	4,345.1	+0.032%	$20.6M	$42.6M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,343	−0.016%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,343.7	0.000%	$293.7M	$48.9M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,344	+0.007%	$15.1M	$56.8M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0054%	4h	4,350.1	+0.148%	$1.4M	$2.9M	25x	as long as short
Lighter RH XAU	+0.0056%	1h	4,347.2	+0.082%	$20.1M	$39.9M	25x	as long as short
Variational Omni XAU	+0.0057%	4h	4,346	+0.054%	$48.5M	$27.7M	—	as long as short
Hotstuff GOLD-PERP	+0.0064%	1h	4,344	+0.007%	$33K	—	25x	as long as short
MEXC XAU_USDT	+0.0074%	4h	4,346.2	+0.057%	$370.8M	$320.6M	1000x	as long as short
Binance XAUUSDT	+0.0074%	4h	4,345.8	+0.050%	$410.3M	$2.10B	100x	as long as short
Paradex XAU-USD-PERP	+0.0078%	8h	4,347.6	+0.090%	$19K	$5K	5x	as long as short
edgeX XAUUSDClong	+0.0085%	4h	4,343.7	long leg	$30.2M	$58.5M	50x
Aevo XAU-PERP	+0.0096%	1h	4,346.8	+0.071%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,344	+0.007%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,347	+0.076%	$275K	$203K	50x	as long as short
Polymarket Perps GOLD-USD	+0.0116%	1h	4,346.8	+0.072%	$4.3M	$1.9M	20x	as long as short
Phoenix GOLD	+0.0136%	1h	4,346	+0.053%	$47K	$77K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0187%	1h	4,345.3	+0.037%	$254K	$752K	25x	as long as short
Bullet GOLD-USD	+0.0192%	1h	4,347.4	+0.086%	$60K	$83K	10x	as long as short
Phemex XAUUSDT	+0.0201%	4h	4,349.9	+0.143%	$2.2M	$1.1M	100x	as long as short
Bybit XAUUSDT	+0.0208%	4h	4,347.3	+0.082%	$84.4M	$145.4M	150x	as long as short
Bitget XAUUSDT	+0.0216%	4h	4,346.1	+0.055%	$70.2M	$109.4M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0260%	8h	4,347.6	+0.090%	$165.3M	$283.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0270%	1h	4,344.7	+0.024%	$593K	$133K	25x	as long as short
BloFin XAU-USDT	+0.0297%	4h	4,347.2	+0.080%	$15.7M	$4.6M	100x	as long as short
Bluefin GOLD-PERP	+0.0403%	1h	4,342.3	−0.032%	$25K	$14K	20x	as long as short
GMX GOLD/USD [ETH-USDC]short	L +0.0405% / S −0.0220%	1h	4,347.4	+0.086%	$248K	—	111x
HTX XAU-USDT	+0.0590%	4h	4,352.4	+0.201%	$2.9M	$4.2M	75x	as long as short