Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0011%/8h= −1.2% APRpaid last 24h +0.034%

Price spread now: edgeX against Injective+0.207%7-day average — · you sell dearer than you buy

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

Long on Injective 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 airdropedgeX: Active · farm boardneeds both histories

The price spread pays, funding is against you. edgeX is 0.207% dearer against Injective than usual: you sell high and buy low (spread +0.207% now, against zero (this spread has no 7-day history yet)): +$21 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XAU/USDC PERP	4,350.4	0.0033	pay 0.0004% / 1h	30m 57s	$619	$54	52x
Short	edgeX XAUUSDC	4,359.4	0.0022	get 0.0011% / 4h	3h 30m	$30.3M	$60.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Injective. 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 InjectivebpFee edgeXbpOrdersPrice spread, now +0.207%Rate

Funding earned: −$2.38
Price spread: +0.207% → 0.000%: $20.71
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $9.3
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; edgeX: live order book, 3 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 Injective no order-book sample	—	—	—	—	—
Sell edgeX live order book, 3 min ago	0.34 bp	4.8 bp −$5	4.8 bp −$48	7.6 bp −$762	36.3 bp −$18.2K

Injective: 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
Hotstuff GOLD-PERP	−0.0048%	1h	4,360	+0.220%	$33K	—	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,362.8	+0.285%	$71.1M	$200.6M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,363.9	+0.309%	$265.6M	$414.6M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,362.5	+0.278%	$48.0M	$28.0M	—	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,360.1	+0.223%	$4.0M	$36.5M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,367.3	+0.388%	$93K	$10.3M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,359	+0.197%	$267K	—	250x	as long as short
MEXC XAU_USDT	+0.0010%	4h	4,362.8	+0.285%	$373.2M	$325.9M	1000x	as long as short
Binance XAUUSDT	+0.0012%	4h	4,362.8	+0.285%	$410.6M	$2.15B	100x	as long as short
edgeX XAUUSDCshort	+0.0022%	4h	4,359.4	+0.207%	$30.3M	$60.5M	50x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAU/USDC PERPlong	+0.0033%	1h	4,350.4	long leg	$619	$54	52x
StandX XAU-USD	+0.0040%	1h	4,364.2	+0.317%	$3.8M	$4.7M	40x	as long as short
Bitget XAUUSDT	+0.0042%	4h	4,363	+0.290%	$69.5M	$113.3M	100x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,362.8	+0.285%	$5.6M	$1.9M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,397	+1.071%	—	$1.0M	25x	as long as short
BloFin XAU-USDT	+0.0046%	4h	4,363.5	+0.300%	$15.5M	$4.5M	100x	as long as short
RISEx XAU/USDC	+0.0048%	1h	4,363	+0.290%	$3.4M	$12.3M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,359.7	+0.213%	$293.9M	$52.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,358.2	+0.179%	$14.7M	$57.2M	25x	as long as short
Phoenix GOLD	+0.0055%	1h	4,361.9	+0.264%	$48K	$64K	25x	as long as short
Lighter XAU	+0.0072%	1h	4,362	+0.267%	$20.6M	$43.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0079%	8h	4,362.9	+0.286%	$19K	$5K	5x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,362.3	+0.273%	$162K	$87	10x	as long as short
Lighter RH XAU	+0.0096%	1h	4,364.4	+0.322%	$20.2M	$41.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,360.1	+0.223%	$2.0M	$5.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,359.8	+0.216%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,360.8	+0.238%	$275K	$204K	50x	as long as short
Bybit XAUUSDT	+0.0101%	4h	4,363.6	+0.304%	$83.0M	$143.7M	150x	as long as short
Extended XAU-USD	+0.0128%	1h	4,358.6	+0.188%	$13.5M	$44.0M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0129%	1h	4,362.4	+0.275%	$4.3M	$1.8M	20x	as long as short
GRVT XAU_USDT_Perp	+0.0154%	4h	4,365.2	+0.340%	$1.4M	$3.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0193%	8h	4,364.3	+0.319%	$165.6M	$286.3M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0209%	1h	4,361.5	+0.255%	$235K	$656K	25x	as long as short
Bullet GOLD-USD	+0.0213%	1h	4,363.2	+0.293%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,359.9	+0.218%	$595K	$150K	25x	as long as short
Bluefin GOLD-PERP	+0.0233%	1h	4,355.5	+0.117%	$26K	$22K	20x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,363.2	+0.293%	$252K	—	111x	as long as short
Phemex XAUUSDT	+0.0534%	4h	4,366.9	+0.378%	$2.2M	$1.1M	100x	as long as short
HTX XAU-USDT	+0.0625%	4h	4,366.3	+0.365%	$2.9M	$3.9M	75x	as long as short