Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0126%/8h= +13.8% APRpaid last 24h +0.039%

Price spread now: Kraken Futures against edgeX+0.051%76s7-day average +0.091% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as 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−$290.287% of the position

Long on edgeX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.161%+$16 on $10k

Price spread, last 4 days (all we have)+0.111%+$11 · spread now +0.051%, 7d avg +0.091%

Together, before fees+0.271%+ Points / potential airdropedgeX: Active · farm board+$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.040% cheaper against edgeX than usual: you would sell low and buy high (spread +0.051% now, against its 7-day average of +0.091%). If the spread goes back, that is −$4 on $10k: about 26 hours of funding at the current rate (+$4 a day). The two prices were read 76 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	4,317.9	0.0102	pay 0.0051% / 4h	49m 48s	$30.0M	$59.5M	50x
Short	Kraken Futures PF_XAUUSD	4,320.1	0.0228	get 0.0028% / 1h	49m 48s	$577K	$136K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.051%Rate

Funding earned: $26.49
Price spread: +0.051% → +0.091%: −$4.03
Slippage, 4 orders: −$9.66
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$6.21
Costs to cover: 0.287%
Break-even: 8.6 days

Slippage from edgeX: live order book, 4 min ago; Kraken Futures: live order book, 53 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, 4 min ago	0.23 bp	4.7 bp −$5	4.9 bp −$49	7.8 bp −$780	37.5 bp −$18.7K
Sell Kraken Futures live order book, 53 min ago	3.15 bp	11.0 bp −$11	20.3 bp −$203	doesn't fit	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	−0.0051%	1h	4,315.1	−0.063%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,326.8	+0.207%	$92K	$7.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,318.7	+0.018%	$270K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0024%	1h	4,318	+0.003%	$32K	—	25x	as long as short
Bybit XAUUSDT	+0.0027%	4h	4,323.2	+0.124%	$76.9M	$153.0M	150x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.754%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,323.2	+0.124%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,322	+0.096%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,354.5	+0.849%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,320.4	+0.059%	$291.7M	$51.6M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,318.4	+0.013%	$15.0M	$55.7M	25x	as long as short
Aster XAUUSD1	+0.0061%	4h	4,324	+0.141%	$72.7M	$272.7M	20x	as long as short
Paradex XAU-USD-PERP	+0.0071%	8h	4,321.8	+0.091%	$2K	$14K	5x	as long as short
Lighter XAU	+0.0072%	1h	4,322.4	+0.104%	$20.3M	$28.9M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,318.2	+0.008%	$2.1M	$4.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0087%	24h	4,323.7	+0.135%	$3.8M	$44.4M	15x	as long as short
Variational Omni XAU	+0.0092%	4h	4,321	+0.073%	$47.3M	$29.0M	—	as long as short
Phoenix GOLD	+0.0096%	1h	4,320.8	+0.068%	$47K	$79K	25x	as long as short
MEXC XAU_USDT	+0.0098%	4h	4,324.4	+0.151%	$364.8M	$325.2M	1000x	as long as short
Binance XAUUSDT	+0.0100%	4h	4,323.3	+0.125%	$425.4M	$2.14B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,318.7	+0.020%	$1.4M	$1.2M	10x	as long as short
Gate XAU_USDT	+0.0100%	4h	4,325.9	+0.186%	$279.5M	$410.6M	100x	as long as short
GRVT XAU_USDT_Perp	+0.0100%	4h	4,323.9	+0.140%	$1.4M	$3.0M	25x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,316.9	−0.022%	$272K	$208K	50x	as long as short
edgeX XAUUSDClong	+0.0102%	4h	4,317.9	long leg	$30.0M	$59.5M	50x
Aevo XAU-PERP	+0.0104%	1h	4,322	+0.096%	$160K	$87	10x	as long as short
Lighter RH XAU	+0.0136%	1h	4,324	+0.142%	$20.0M	$38.7M	25x	as long as short
Extended XAU-USD	+0.0160%	1h	4,320.1	+0.052%	$13.1M	$36.8M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0190%	1h	4,322.5	+0.107%	$163K	$864K	25x	as long as short
Bitget XAUUSDT	+0.0202%	4h	4,324.4	+0.151%	$70.2M	$119.2M	100x	as long as short
Bullet GOLD-USD	+0.0207%	1h	4,322.8	+0.114%	$59K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0221%	1h	4,322.6	+0.110%	$4.3M	$2.0M	20x	as long as short
Kraken Futures PF_XAUUSDshort	+0.0228%	1h	4,320.1	+0.051%	$577K	$136K	25x
OKX XAU-USDT-SWAP	+0.0288%	8h	4,322.8	+0.114%	$173.4M	$300.4M	100x	as long as short
BloFin XAU-USDT	+0.0339%	4h	4,322.3	+0.103%	$16.4M	$4.6M	100x	as long as short
HTX XAU-USDT	+0.0366%	4h	4,327.4	+0.220%	$3.2M	$5.8M	75x	as long as short
Phemex XAUUSDT	+0.0385%	4h	4,325.9	+0.187%	$2.2M	$975K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,322.8	+0.114%	$252K	—	111x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,323.2	+0.124%	$4.5M	$13.2M	25x	as long as short