Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0049%/8h= +5.4% APRpaid last 24h +0.028%

Price spread now: edgeX against Extended+0.025%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$150.147% of the position

Long on Extended Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.116%+$12 on $10k

Price spread, last 7 days−0.014%−$1 · spread now +0.025%, 7d avg −0.013%

Together, before fees+0.101%+ Points / potential airdropExtended: Active · edgeX: Active · farm board+$10 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 edgeX is 0.038% dearer against Extended than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XAU-USD	4,344.2	0.0032	pay 0.0004% / 1h	7m 28s	$13.4M	$38.7M	25x
Short	edgeX XAUUSDC	4,345.3	0.0081	get 0.0041% / 4h	1h 07m	$30.3M	$58.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Extended. 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 ExtendedbpFee edgeXbpOrdersPrice spread, now +0.025%Rate

Funding earned: $10.3
Price spread: +0.025% → −0.013%: $3.75
Slippage, 4 orders: −$0.69
Fee Extended: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$0.64
Costs to cover: 0.147%
Break-even: 7.4 days

Slippage from Extended: live order book, 2 min ago; edgeX: live order book, 2 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 Extended live order book, 2 min ago	0.12 bp	2.6 bp −$3	3.0 bp −$30	6.4 bp −$641	24.4 bp −$12.2K
Sell edgeX live order book, 2 min ago	0.23 bp	4.7 bp −$5	4.8 bp −$48	7.7 bp −$769	33.5 bp −$16.7K

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
Gate XAU_USDT	0.0000%	4h	4,349.8	+0.128%	$264.3M	$416.9M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,354.9	+0.246%	$93K	$9.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,346.7	+0.056%	$267K	—	250x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,347.6	+0.077%	$3.4M	$12.4M	25x	as long as short
Hotstuff GOLD-PERP	+0.0024%	1h	4,345.9	+0.039%	$33K	—	25x	as long as short
Extended XAU-USDlong	+0.0032%	1h	4,344.2	long leg	$13.4M	$38.7M	25x
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.143%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,351.3	+0.163%	$3.8M	$4.6M	40x	as long as short
Aster XAUUSD1	+0.0040%	4h	4,348.2	+0.092%	$70.8M	$334.0M	20x	as long as short
Kalshi KXGOLDPERP	+0.0040%	24h	4,348.5	+0.099%	$4.1M	$37.1M	15x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,381.3	+0.854%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,347.4	+0.073%	$5.7M	$2.0M	20x	as long as short
Lighter XAU	+0.0048%	1h	4,347	+0.063%	$20.6M	$42.6M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,347.5	+0.076%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,345.7	+0.034%	$293.9M	$48.9M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,344.3	+0.001%	$15.1M	$56.7M	25x	as long as short
Variational Omni XAU	+0.0053%	4h	4,347.3	+0.071%	$48.5M	$27.8M	—	as long as short
GRVT XAU_USDT_Perp	+0.0054%	4h	4,350.1	+0.136%	$1.4M	$2.9M	25x	as long as short
Lighter RH XAU	+0.0056%	1h	4,349.6	+0.123%	$20.1M	$39.9M	25x	as long as short
MEXC XAU_USDT	+0.0072%	4h	4,347.9	+0.084%	$371.0M	$320.5M	1000x	as long as short
Binance XAUUSDT	+0.0073%	4h	4,347.6	+0.079%	$410.5M	$2.10B	100x	as long as short
Paradex XAU-USD-PERP	+0.0078%	8h	4,348.3	+0.094%	$19K	$5K	5x	as long as short
edgeX XAUUSDCshort	+0.0081%	4h	4,345.3	+0.025%	$30.3M	$58.5M	50x
Deribit GOLD_USDC-PERPETUAL	+0.0095%	1h	4,348.1	+0.089%	$254K	$752K	25x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,349.6	+0.123%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,344.6	+0.008%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,347	+0.064%	$275K	$203K	50x	as long as short
Polymarket Perps GOLD-USD	+0.0116%	1h	4,347.2	+0.069%	$4.3M	$1.9M	20x	as long as short
Phoenix GOLD	+0.0136%	1h	4,348.6	+0.101%	$47K	$77K	25x	as long as short
Phemex XAUUSDT	+0.0186%	4h	4,353.7	+0.217%	$2.2M	$1.1M	100x	as long as short
Bullet GOLD-USD	+0.0191%	1h	4,350.8	+0.153%	$60K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0204%	4h	4,349.3	+0.117%	$84.4M	$145.5M	150x	as long as short
Bitget XAUUSDT	+0.0214%	4h	4,348	+0.087%	$70.2M	$109.5M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0259%	8h	4,348.8	+0.106%	$165.3M	$283.2M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0270%	1h	4,347.6	+0.078%	$593K	$133K	25x	as long as short
BloFin XAU-USDT	+0.0291%	4h	4,350.1	+0.136%	$15.5M	$4.6M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0405% / S −0.0219%	1h	4,350.9	+0.153%	$248K	—	111x	as long as short
Bluefin GOLD-PERP	+0.0473%	1h	4,344.3	+0.002%	$25K	$14K	20x	as long as short
HTX XAU-USDT	+0.0585%	4h	4,356	+0.272%	$2.9M	$4.2M	75x	as long as short