Settings8H · net · $10k
Funding arb · Price arb /

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0067%/8h= −7.4% APRpaid last 24h −0.018%
Price spread now: Ondo Perps against edgeX−0.165%7-day average −0.023% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.098%−$10 on $10k
Price spread, last 7 days+0.156%+$16 · spread now −0.165%, 7d avg −0.023%
Together, before fees+0.058%+ Points / potential airdropedgeX: Active · Ondo Perps: Active · farm board+$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Ondo Perps is 0.143% cheaper against edgeX than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.023%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX XAUUSDC4,309.90.0118pay 0.0059% / 4h3h 42m$30.0M$62.1M50x
ShortOndo Perps XAU-USD.P4,302.80.0050get 0.0006% / 1h42m 40s$15.0M$55.7M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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

Funding earned
−$14.16
Price spread: −0.165% → −0.023%
−$14.27
Slippage, 4 orders
no order book: not counted
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$42.43
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: edgeX: live order book, 1 min ago; Ondo Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 1 min ago0.35 bp4.8 bp −$55.0 bp −$508.5 bp −$85138.8 bp −$19.4K
Sell Ondo Perps no order-book sample
Ondo Perps: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX XAU-USDT0.0000%4h4,309.8−0.003%$92K$6.8M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,302.1−0.183%$268K250xas long as short
Hotstuff GOLD-PERP+0.0016%1h4,308.7−0.029%$32K25xas long as short
Extended XAU-USD+0.0032%1h4,301.5−0.196%$13.0M$36.2M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.939%$619$5452xas long as short
Bybit XAUUSDT+0.0037%4h4,307−0.068%$76.9M$157.3M150xas long as short
Vest GC-PERP+0.0046%1h4,338.4+0.660%$1.0M25xas long as short
QFEX GOLD-USD+0.0046%1h4,305.8−0.096%$6.6M$3.2M20xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,302.7−0.168%$290.8M$54.5M25xas long as short
Polymarket Perps GOLD-USD+0.0050%1h4,303.3−0.154%$4.3M$1.8M20xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps XAU-USD.Pshort+0.0050%1h4,302.8−0.165%$15.0M$55.7M25x
Coinbase International GOLD-PERP-INTX+0.0056%1h4,302−0.184%$2.0M$5.1M25xas long as short
Aster XAUUSD1+0.0057%4h4,307.9−0.048%$73.3M$271.8M20xas long as short
Paradex XAU-USD-PERP+0.0061%8h4,305.6−0.101%$2K$13K5xas long as short
Lighter XAU+0.0080%1h4,305.2−0.111%$20.3M$28.7M25xas long as short
Lighter RH XAU+0.0088%1h4,307.6−0.054%$19.8M$39.7M25xas long as short
Phoenix GOLD+0.0095%1h4,305.5−0.103%$42K$86K25xas long as short
Pacifica XAU+0.0100%1h4,302.2−0.179%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,305.9−0.094%$276K$218K50xas long as short
StandX XAU-USD+0.0104%1h4,309.6−0.008%$3.8M$4.5M40xas long as short
Variational Omni XAU+0.0106%4h4,313.8+0.090%$46.8M$29.1Mas long as short
Kalshi KXGOLDPERP+0.0107%24h4,308.3−0.038%$3.7M$46.3M15xas long as short
Binance XAUUSDT+0.0108%4h4,306.1−0.090%$433.6M$2.22B100xas long as short
Gate XAU_USDT+0.0112%4h4,307.8−0.051%$295.4M$424.4M100xas long as short
MEXC XAU_USDT+0.0112%4h4,305.6−0.101%$360.9M$335.3M1000xas long as short
Aevo XAU-PERP+0.0112%1h4,305.6−0.101%$159K$8710xas long as short
edgeX XAUUSDClong+0.0118%4h4,309.9long leg$30.0M$62.1M50x
GRVT XAU_USDT_Perp+0.0120%4h4,309.7−0.005%$1.4M$3.1M25xas long as short
RISEx XAU/USDC+0.0126%1h4,306.6−0.079%$4.4M$13.1M25xas long as short
Bitget XAUUSDT+0.0190%4h4,306−0.092%$70.2M$124.0M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0192%1h4,304.4−0.129%$134K$882K25xas long as short
Bullet GOLD-USD+0.0201%1h4,306.4−0.082%$58K$81K10xas long as short
OKX XAU-USDT-SWAP+0.0250%8h4,307.2−0.064%$170.2M$328.0M100xas long as short
Kraken Futures PF_XAUUSD+0.0328%1h4,303.3−0.155%$572K$138K25xas long as short
BloFin XAU-USDT+0.0398%4h4,306.2−0.087%$16.1M$5.0M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0466% / S −0.0314%1h4,306−0.091%$255K111xas long as short
Phemex XAUUSDT+0.0776%4h4,309.8−0.003%$2.2M$951K100xas long as short
HTX XAU-USDT+0.1103%4h4,313.4+0.080%$3.2M$6.2M75xas long as short
Bluefin GOLD-PERP+0.4251%1h4,345.1+0.814%$25K$1K20xas long as short