Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0085%/8h= −9.3% APRpaid last 24h −0.034%

Price spread now: Injective against edgeX+0.099%7-day average — · you sell dearer than you buy

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

Long on edgeX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

The price spread pays, funding is against you. Injective is 0.099% dearer against edgeX than usual: you sell high and buy low (spread +0.099% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XAUUSDC	4,346.1	0.0118	pay 0.0059% / 4h	1h 58m	$30.2M	$59.3M	50x
Short	Injective XAU/USDC PERP	4,350.4	0.0033	get 0.0004% / 1h	58m 38s	$619	$54	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.099%Rate

Funding earned: −$17.86
Price spread: +0.099% → 0.000%: $9.93
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$16.95
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: edgeX: live order book, 5 min ago; Injective: 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, 5 min ago	0.34 bp	4.8 bp −$5	4.8 bp −$48	7.4 bp −$743	36.0 bp −$18.0K
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 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	−0.0322%	1h	4,345.9	−0.005%	$25K	$14K	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,356.7	+0.243%	$263.2M	$403.7M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,356.9	+0.248%	$93K	$9.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,349.2	+0.072%	$269K	—	250x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,354.9	+0.203%	$3.4M	$12.4M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,350.7	+0.107%	$13.5M	$41.4M	25x	as long as short
Injective XAU/USDC PERPshort	+0.0033%	1h	4,350.4	+0.099%	$619	$54	52x
Kalshi KXGOLDPERP	+0.0036%	24h	4,350.7	+0.106%	$4.1M	$36.1M	15x	as long as short
Lighter XAU	+0.0040%	1h	4,354.2	+0.186%	$20.6M	$41.7M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,353.4	+0.168%	$3.8M	$4.6M	40x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,386.2	+0.923%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,353.5	+0.170%	$5.5M	$1.9M	20x	as long as short
Hotstuff GOLD-PERP	+0.0048%	1h	4,349.8	+0.085%	$33K	—	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,349	+0.067%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,350.3	+0.097%	$293.6M	$49.0M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,352.2	+0.140%	$15.1M	$58.0M	25x	as long as short
Lighter RH XAU	+0.0056%	1h	4,356.5	+0.239%	$20.1M	$39.3M	25x	as long as short
Aster XAUUSD1	+0.0058%	4h	4,355.3	+0.212%	$70.1M	$324.8M	20x	as long as short
Paradex XAU-USD-PERP	+0.0087%	8h	4,354.1	+0.185%	$19K	$5K	5x	as long as short
Pacifica XAU	+0.0100%	1h	4,351.4	+0.122%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,351.5	+0.124%	$275K	$204K	50x	as long as short
Variational Omni XAU	+0.0105%	4h	4,351.6	+0.127%	$48.2M	$28.0M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,351.3	+0.118%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0118%	4h	4,355	+0.205%	$373.0M	$315.1M	1000x	as long as short
edgeX XAUUSDClong	+0.0118%	4h	4,346.1	long leg	$30.2M	$59.3M	50x
Binance XAUUSDT	+0.0119%	4h	4,355.1	+0.207%	$411.0M	$2.09B	100x	as long as short
Polymarket Perps GOLD-USD	+0.0120%	1h	4,352.4	+0.145%	$4.3M	$1.9M	20x	as long as short
Phoenix GOLD	+0.0121%	1h	4,350.1	+0.092%	$47K	$60K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0134%	4h	4,353.4	+0.167%	$1.4M	$3.0M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0187%	1h	4,351.5	+0.124%	$260K	$700K	25x	as long as short
Bullet GOLD-USD	+0.0202%	1h	4,353	+0.159%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0202%	4h	4,356.1	+0.229%	$84.1M	$145.0M	150x	as long as short
Bitget XAUUSDT	+0.0208%	4h	4,355.5	+0.216%	$69.7M	$108.9M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0247%	8h	4,356	+0.228%	$164.6M	$281.7M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,350.2	+0.095%	$593K	$133K	25x	as long as short
Phemex XAUUSDT	+0.0333%	4h	4,355.7	+0.220%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0396% / S −0.0204%	1h	4,353.2	+0.164%	$251K	—	111x	as long as short
HTX XAU-USDT	+0.0611%	4h	4,357.2	+0.256%	$2.9M	$4.1M	75x	as long as short