Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0049%/8h= +5.4% APRpaid last 24h −0.037%

Price spread now: tradeXYZ against edgeX+0.045%66s7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as 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−$280.277% of the position

Long on edgeX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 7 days−0.071%−$7 · spread now +0.045%, 7d avg +0.014%

Together, before fees−0.121%+ Points / potential airdropedgeX: Active · tradeXYZ: Active · farm board−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and tradeXYZ is 0.031% dearer against edgeX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.014%. Mind the row above: over the last 7 days funding on this pair cost −0.050%, so the current rate has only just turned in your favour. The two prices were read 66 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	4,365.2	0.0001	pay 0.0000% / 4h	12m 26s	$30.4M	$59.4M	50x
Short	tradeXYZ xyz:GOLD	4,367.2	0.0050	get 0.0006% / 1h	12m 26s	$294.2M	$52.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.045%Rate

Funding earned: $10.32
Price spread: +0.045% → +0.014%: $3.14
Slippage, 4 orders: −$0.69
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$14.22
Costs to cover: 0.277%
Break-even: 16.6 days

Slippage from edgeX: live order book, 7 min ago; tradeXYZ: live order book, 8 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, 7 min ago	0.23 bp	4.7 bp −$5	4.9 bp −$49	8.6 bp −$861	39.1 bp −$19.5K
Sell tradeXYZ live order book, 8 min ago	0.12 bp	9.1 bp −$9	9.1 bp −$91	9.7 bp −$969	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	−0.0246%	1h	4,363.2	−0.047%	$26K	$22K	20x	as long as short
Phoenix GOLD	−0.0004%	1h	4,370.3	+0.116%	$48K	$65K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,371	+0.132%	$71.9M	$224.5M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,370.9	+0.129%	$410.8M	$2.14B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,371.3	+0.139%	$82.7M	$142.5M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,370.9	+0.129%	$3.4M	$12.3M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,371.6	+0.146%	$267.7M	$418.0M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,370.9	+0.129%	$376.2M	$324.3M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,371	+0.133%	$69.6M	$113.3M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,370.5	+0.120%	$48.5M	$29.3M	—	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XAU_USDT_Perp	0.0000%	4h	4,371	+0.133%	$1.4M	$3.1M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,369	+0.086%	$4.0M	$36.2M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,376.1	+0.248%	$93K	$10.5M	20x	as long as short
edgeX XAUUSDClong	+0.0001%	4h	4,365.2	long leg	$30.4M	$59.4M	50x
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,366.8	+0.037%	$268K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0008%	1h	4,367.6	+0.054%	$33K	—	25x	as long as short
QFEX GOLD-USD	+0.0032%	1h	4,370.4	+0.118%	$5.4M	$1.9M	20x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.339%	$619	$54	52x	as long as short
Lighter XAU	+0.0040%	1h	4,369.9	+0.108%	$20.7M	$44.9M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,371.9	+0.153%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,405.2	+0.916%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLDshort	+0.0050%	1h	4,367.2	+0.045%	$294.2M	$52.5M	25x
Ondo Perps XAU-USD.P	+0.0050%	1h	4,367	+0.040%	$14.7M	$57.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0056%	8h	4,370.7	+0.126%	$19K	$5K	5x	as long as short
Lighter RH XAU	+0.0056%	1h	4,372.5	+0.166%	$20.2M	$42.3M	25x	as long as short
Extended XAU-USD	+0.0072%	1h	4,367	+0.040%	$13.1M	$45.4M	25x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,370.1	+0.112%	$162K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,367.9	+0.061%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,368.2	+0.067%	$277K	$204K	50x	as long as short
Polymarket Perps GOLD-USD	+0.0107%	1h	4,370.4	+0.118%	$4.3M	$1.8M	20x	as long as short
Bullet GOLD-USD	+0.0116%	1h	4,371	+0.132%	$59K	$81K	10x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0152%	1h	4,369.3	+0.093%	$2.0M	$5.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0163%	8h	4,371.6	+0.146%	$158.6M	$274.2M	100x	as long as short
HTX XAU-USDT	+0.0194%	4h	4,376.4	+0.256%	$2.9M	$3.8M	75x	as long as short
Kraken Futures PF_XAUUSD	+0.0219%	1h	4,368.7	+0.079%	$603K	$137K	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,371.6	+0.147%	$14.8M	$4.5M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0300%	1h	4,370	+0.109%	$235K	$736K	25x	as long as short
Phemex XAUUSDT	+0.0316%	4h	4,374.2	+0.206%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0390% / S −0.0197%	1h	4,371.6	+0.146%	$252K	—	111x	as long as short