Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h +0.031%

Price spread now: edgeX against Hotstuff−0.003%58s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hotstuff Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · edgeX: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 58 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	Hotstuff GOLD-PERP	4,346.4	0.0144	pay 0.0018% / 1h	9m 53s	$33K	—	25x
Short	edgeX XAUUSDC	4,346.3	0.0090	get 0.0045% / 4h	1h 09m	$30.3M	$58.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Hotstuff. 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 HotstuffbpFee edgeXbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$11.31
Price spread: −0.003% → 0.000%: −$0.31
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$25.62
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; edgeX: live order book, 4 min ago. 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 Hotstuff no order-book sample	—	—	—	—	—
Sell edgeX live order book, 4 min ago	0.23 bp	4.7 bp −$5	4.9 bp −$49	8.1 bp −$807	35.1 bp −$17.5K

Hotstuff: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XAU_USDT	0.0000%	4h	4,351.4	+0.114%	$264.4M	$416.3M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,353.6	+0.166%	$93K	$9.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,345.7	−0.016%	$267K	—	250x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,349	+0.061%	$3.4M	$12.4M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,345.8	−0.014%	$13.5M	$38.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.092%	$619	$54	52x	as long as short
Aster XAUUSD1	+0.0039%	4h	4,350.1	+0.086%	$70.7M	$334.2M	20x	as long as short
StandX XAU-USD	+0.0040%	1h	4,349	+0.060%	$3.8M	$4.6M	40x	as long as short
Kalshi KXGOLDPERP	+0.0040%	24h	4,348.3	+0.044%	$4.1M	$37.1M	15x	as long as short
Vest GC-PERP	+0.0046%	1h	4,382.3	+0.826%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USD	+0.0046%	1h	4,347.4	+0.023%	$5.7M	$2.0M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,344.7	−0.039%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,347.6	+0.028%	$294.0M	$48.9M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,345.8	−0.014%	$15.1M	$56.8M	25x	as long as short
Variational Omni XAU	+0.0053%	4h	4,347.3	+0.021%	$48.5M	$27.8M	—	as long as short
GRVT XAU_USDT_Perp	+0.0054%	4h	4,350.6	+0.097%	$1.4M	$2.9M	25x	as long as short
Lighter XAU	+0.0056%	1h	4,348.6	+0.051%	$20.6M	$42.6M	25x	as long as short
Lighter RH XAU	+0.0056%	1h	4,350.6	+0.096%	$20.1M	$39.9M	25x	as long as short
MEXC XAU_USDT	+0.0072%	4h	4,349.6	+0.074%	$372.1M	$320.1M	1000x	as long as short
Binance XAUUSDT	+0.0073%	4h	4,350.2	+0.088%	$410.5M	$2.10B	100x	as long as short
Paradex XAU-USD-PERP	+0.0078%	8h	4,349.2	+0.065%	$19K	$5K	5x	as long as short
edgeX XAUUSDCshort	+0.0090%	4h	4,346.3	−0.003%	$30.3M	$58.4M	50x
Aevo XAU-PERP	+0.0096%	1h	4,348.4	+0.046%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,345.6	−0.019%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,347.5	+0.024%	$275K	$203K	50x	as long as short
Polymarket Perps GOLD-USD	+0.0116%	1h	4,348.7	+0.053%	$4.3M	$1.9M	20x	as long as short
Phoenix GOLD	+0.0136%	1h	4,350.4	+0.092%	$47K	$77K	25x	as long as short
Hotstuff GOLD-PERPlong	+0.0144%	1h	4,346.4	long leg	$33K	—	25x
Deribit GOLD_USDC-PERPETUAL	+0.0187%	1h	4,348	+0.037%	$254K	$752K	25x	as long as short
Bullet GOLD-USD	+0.0191%	1h	4,349.6	+0.074%	$60K	$83K	10x	as long as short
Phemex XAUUSDT	+0.0198%	4h	4,353.3	+0.158%	$2.2M	$1.1M	100x	as long as short
Bybit XAUUSDT	+0.0202%	4h	4,351.9	+0.127%	$84.4M	$145.4M	150x	as long as short
Bitget XAUUSDT	+0.0214%	4h	4,350.7	+0.100%	$70.3M	$109.5M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0257%	8h	4,351.9	+0.127%	$165.4M	$283.6M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0270%	1h	4,346.8	+0.009%	$593K	$133K	25x	as long as short
BloFin XAU-USDT	+0.0293%	4h	4,349.3	+0.066%	$15.6M	$4.6M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0404% / S −0.0218%	1h	4,349.4	+0.070%	$248K	—	111x	as long as short
Bluefin GOLD-PERP	+0.0533%	1h	4,343.7	−0.061%	$25K	$14K	20x	as long as short
HTX XAU-USDT	+0.0580%	4h	4,354.5	+0.187%	$2.9M	$4.2M	75x	as long as short