Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0049%/8h= +5.4% APRpaid last 24h +0.008%

Price spread now: edgeX against Lighter RH−0.077%7-day average −0.090% · you buy dearer than you sell

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−$120.122% of the position

Long on Lighter RH Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.088%+$9 on $10k

Price spread, last 7 days+0.091%+$9 · spread now −0.077%, 7d avg −0.090%

Together, before fees+0.179%+ Points / potential airdropLighter RH: Points live · edgeX: Active · farm board+$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.090%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH XAU	4,335	0.0072	pay 0.0009% / 1h	5m 31s	$19.9M	$39.0M	25x
Short	edgeX XAUUSDC	4,331.7	0.0121	get 0.0060% / 4h	2h 05m	$30.1M	$60.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Lighter RH. 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 Lighter RHbpFee edgeXbpOrdersPrice spread, now −0.077%Rate

Funding earned: $10.28
Price spread: −0.077% → −0.090%: $1.29
Slippage, 4 orders: −$3.23
Fee Lighter RH: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$0.66
Costs to cover: 0.122%
Break-even: 7.4 days

Slippage from Lighter RH: live order book, 3 min ago; edgeX: live order book, 4 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 Lighter RH live order book, 3 min ago	1.38 bp	1.4 bp −$1	1.5 bp −$15	14.6 bp −$1,458	doesn't fit
Sell edgeX live order book, 4 min ago	0.23 bp	4.7 bp −$5	4.7 bp −$47	8.1 bp −$810	39.0 bp −$19.5K

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
SunX XAU-USDT	0.0000%	4h	4,338.8	+0.089%	$92K	$8.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,329.4	−0.130%	$271K	—	250x	as long as short
Bybit XAUUSDT	+0.0004%	4h	4,333.8	−0.027%	$78.4M	$156.4M	150x	as long as short
Extended XAU-USD	+0.0032%	1h	4,329.8	−0.119%	$13.1M	$36.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.356%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,337.3	+0.054%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,332.6	−0.055%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,366.4	+0.725%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,332.7	−0.054%	$20.4M	$31.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,329.7	−0.122%	$292.0M	$51.6M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,329.5	−0.127%	$15.0M	$56.4M	25x	as long as short
RISEx XAU/USDC	+0.0054%	1h	4,334.5	−0.010%	$3.8M	$12.5M	25x	as long as short
Gate XAU_USDT	+0.0062%	4h	4,334.8	−0.004%	$271.0M	$419.3M	100x	as long as short
Kalshi KXGOLDPERP	+0.0064%	24h	4,336.2	+0.028%	$4.0M	$42.3M	15x	as long as short
Paradex XAU-USD-PERP	+0.0070%	8h	4,333.5	−0.035%	$19K	$5K	5x	as long as short
Lighter RH XAUlong	+0.0072%	1h	4,335	long leg	$19.9M	$39.0M	25x
Hotstuff GOLD-PERP	+0.0072%	1h	4,330.5	−0.103%	$32K	—	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,333.5	−0.034%	$2.0M	$4.8M	25x	as long as short
Aster XAUUSD1	+0.0093%	4h	4,334.4	−0.013%	$72.4M	$329.9M	20x	as long as short
GRVT XAU_USDT_Perp	+0.0098%	4h	4,336.1	+0.025%	$1.4M	$3.0M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,330.2	−0.110%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,333.2	−0.042%	$273K	$208K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,329.5	−0.126%	$25K	$14K	20x	as long as short
Variational Omni XAU	+0.0101%	4h	4,334.6	−0.009%	$46.8M	$28.7M	—	as long as short
Binance XAUUSDT	+0.0109%	4h	4,332.9	−0.047%	$414.2M	$2.12B	100x	as long as short
MEXC XAU_USDT	+0.0110%	4h	4,332.9	−0.048%	$363.6M	$331.2M	1000x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,335	0.000%	$161K	$87	10x	as long as short
edgeX XAUUSDCshort	+0.0121%	4h	4,331.7	−0.077%	$30.1M	$60.5M	50x
Phoenix GOLD	+0.0127%	1h	4,332.8	−0.050%	$47K	$77K	25x	as long as short
Bullet GOLD-USD	+0.0159%	1h	4,333.1	−0.043%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0175%	1h	4,333	−0.046%	$4.2M	$2.0M	20x	as long as short
HTX XAU-USDT	+0.0225%	4h	4,338.6	+0.083%	$2.8M	$5.0M	75x	as long as short
Kraken Futures PF_XAUUSD	+0.0247%	1h	4,332.5	−0.058%	$590K	$130K	25x	as long as short
Bitget XAUUSDT	+0.0248%	4h	4,333.2	−0.042%	$68.1M	$118.9M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0304%	1h	4,334.5	−0.011%	$195K	$826K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0328%	8h	4,333.4	−0.036%	$170.5M	$297.2M	100x	as long as short
Phemex XAUUSDT	+0.0347%	4h	4,337	+0.047%	$2.2M	$962K	100x	as long as short
BloFin XAU-USDT	+0.0356%	4h	4,334.5	−0.011%	$16.0M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0461% / S −0.0304%	1h	4,332.9	−0.047%	$253K	—	111x	as long as short