Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0039%/8h= −4.3% APRpaid last 24h −0.003%

Price spread now: Phoenix against edgeX+0.161%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 Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$2 on $10k

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. Phoenix is 0.161% dearer against edgeX than usual: you sell high and buy low (spread +0.161% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XAUUSDC	4,330.4	0.0115	pay 0.0058% / 4h	1h 56m	$30.3M	$67.2M	50x
Short	Phoenix GOLD	4,337.4	0.0076	get 0.0009% / 1h	56m 28s	$43K	$70K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.161%Rate

Funding earned: −$8.26
Price spread: +0.161% → 0.000%: $16.09
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$8.17
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: edgeX: live order book, 1 min ago; Phoenix: 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, 1 min ago	0.23 bp	4.7 bp −$5	4.8 bp −$48	8.0 bp −$800	37.8 bp −$18.9K
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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 exchanges

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
Hotstuff GOLD-PERP	−3.0304%	1h	4,318.3	−0.280%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,341.3	+0.252%	$92K	$6.0M	20x	as long as short
Coinbase International GOLD-PERP-INTX	0.0000%	1h	4,332	+0.036%	$2.1M	$5.3M	25x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,332.7	+0.053%	$279K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.462%	$619	$54	52x	as long as short
Bluefin GOLD-PERP	+0.0035%	1h	4,331.2	+0.018%	$25K	$1K	20x	as long as short
StandX XAU-USD	+0.0040%	1h	4,340.9	+0.242%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0041%	1h	4,337.1	+0.154%	$6.7M	$3.2M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,371.1	+0.939%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,334.8	+0.101%	$292.6M	$53.0M	25x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,333.9	+0.079%	$15.1M	$59.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0055%	8h	4,337.5	+0.163%	$2K	$13K	5x	as long as short
Aster XAUUSD1	+0.0074%	4h	4,339.9	+0.218%	$72.8M	$275.9M	20x	as long as short
Phoenix GOLDshort	+0.0076%	1h	4,337.4	+0.161%	$43K	$70K	25x
Variational Omni XAU	+0.0091%	4h	4,335.3	+0.113%	$47.3M	$29.3M	—	as long as short
Pacifica XAU	+0.0100%	1h	4,334.5	+0.094%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,336.8	+0.146%	$285K	$223K	50x	as long as short
Lighter XAU	+0.0104%	1h	4,337.6	+0.166%	$20.3M	$30.1M	25x	as long as short
Gate XAU_USDT	+0.0104%	4h	4,340.2	+0.226%	$300.9M	$440.2M	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,336.3	+0.135%	$161K	$87	10x	as long as short
Polymarket Perps GOLD-USD	+0.0105%	1h	4,337.6	+0.166%	$4.3M	$1.7M	20x	as long as short
Binance XAUUSDT	+0.0105%	4h	4,338.3	+0.183%	$443.4M	$2.43B	100x	as long as short
MEXC XAU_USDT	+0.0106%	4h	4,338.3	+0.181%	$366.7M	$349.6M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0112%	4h	4,340.2	+0.227%	$1.4M	$3.1M	25x	as long as short
edgeX XAUUSDClong	+0.0115%	4h	4,330.4	long leg	$30.3M	$67.2M	50x
Bybit XAUUSDT	+0.0125%	4h	4,339.8	+0.216%	$82.7M	$173.8M	150x	as long as short
Kalshi KXGOLDPERP	+0.0134%	24h	4,339.4	+0.207%	$3.5M	$51.0M	15x	as long as short
Lighter RH XAU	+0.0136%	1h	4,340	+0.221%	$19.7M	$39.3M	25x	as long as short
Extended XAU-USD	+0.0144%	1h	4,334.2	+0.087%	$12.6M	$34.8M	25x	as long as short
Bullet GOLD-USD	+0.0200%	1h	4,338.4	+0.184%	$59K	$76K	10x	as long as short
RISEx XAU/USDC	+0.0205%	1h	4,338.7	+0.191%	$4.7M	$13.3M	25x	as long as short
Bitget XAUUSDT	+0.0220%	4h	4,338.5	+0.186%	$72.8M	$139.0M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0235%	1h	4,335.7	+0.122%	$135K	$707K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0241%	8h	4,339.3	+0.205%	$170.8M	$360.6M	100x	as long as short
Phemex XAUUSDT	+0.0243%	4h	4,340	+0.222%	$2.3M	$784K	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0253%	1h	4,333.5	+0.070%	$584K	$166K	25x	as long as short
BloFin XAU-USDT	+0.0347%	4h	4,337.5	+0.164%	$16.3M	$5.3M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0460% / S −0.0308%	1h	4,337.1	+0.154%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.1112%	4h	4,343.9	+0.310%	$3.2M	$7.1M	75x	as long as short