Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0131%/8h= −14.3% APRpaid last 24h −0.031%

Price spread now: edgeX against OKX+0.041%7-day average −0.115% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$4as in the Price arb table

costs, in and out, $10k−$200.199% of the position

Long on OKX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 7 days−0.070%−$7 · spread now +0.041%, 7d avg −0.115%

Together, before fees−0.044%+ Points / potential airdropedgeX: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.156% dearer against OKX than usual: you sell high and buy low (spread +0.041% now, against its 7-day average of −0.115%): +$16 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 4.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XAU-USDT-SWAP	4,308.2	0.0249	pay 0.0249% / 8h	7h 41m	$170.7M	$329.0M	100x
Short	edgeX XAUUSDC	4,309.9	0.0118	get 0.0059% / 4h	3h 41m	$30.0M	$62.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against OKX. 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 OKXbpFee edgeXbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$27.47
Price spread: +0.041% → −0.115%: $15.58
Slippage, 4 orders: −$0.93
Fee OKX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$31.81
Costs to cover: 0.199%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; edgeX: live order book, 3 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 OKX live order book, 3 min ago	0.12 bp	5.1 bp −$5	5.1 bp −$51	5.8 bp −$584	15.2 bp −$7,606
Sell edgeX live order book, 3 min ago	0.35 bp	4.8 bp −$5	4.9 bp −$49	8.1 bp −$811	36.0 bp −$18.0K

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	4,310.5	+0.054%	$92K	$6.8M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,303.6	−0.107%	$268K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0016%	1h	4,308.7	+0.012%	$32K	—	25x	as long as short
GRVT XAU_USDT_Perp	+0.0018%	4h	4,306	−0.051%	$1.4M	$3.1M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.980%	$619	$54	52x	as long as short
Bybit XAUUSDT	+0.0037%	4h	4,308.6	+0.009%	$77.1M	$157.2M	150x	as long as short
Extended XAU-USD	+0.0040%	1h	4,302.8	−0.126%	$13.1M	$36.3M	25x	as long as short
Vest GC-PERP	+0.0046%	1h	4,338.2	+0.696%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,306	−0.051%	$6.6M	$3.2M	20x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,304.1	−0.095%	$290.9M	$54.5M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps GOLD-USD	+0.0050%	1h	4,303.7	−0.104%	$4.3M	$1.8M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,303.4	−0.112%	$15.0M	$55.7M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,302.9	−0.123%	$2.0M	$5.1M	25x	as long as short
Aster XAUUSD1	+0.0057%	4h	4,307.9	−0.007%	$73.3M	$271.8M	20x	as long as short
Paradex XAU-USD-PERP	+0.0060%	8h	4,306.1	−0.049%	$2K	$13K	5x	as long as short
StandX XAU-USD	+0.0074%	1h	4,308.2	0.000%	$3.8M	$4.5M	40x	as long as short
Lighter XAU	+0.0080%	1h	4,306.2	−0.046%	$20.3M	$28.7M	25x	as long as short
Phoenix GOLD	+0.0095%	1h	4,303.2	−0.116%	$42K	$86K	25x	as long as short
Lighter RH XAU	+0.0096%	1h	4,308.8	+0.014%	$19.8M	$39.7M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,302.7	−0.129%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,305.9	−0.054%	$276K	$218K	50x	as long as short
Binance XAUUSDT	+0.0102%	4h	4,306.8	−0.033%	$433.7M	$2.22B	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,304.9	−0.077%	$159K	$87	10x	as long as short
Variational Omni XAU	+0.0106%	4h	4,313.8	+0.131%	$46.8M	$29.1M	—	as long as short
MEXC XAU_USDT	+0.0106%	4h	4,307.1	−0.025%	$361.8M	$336.1M	1000x	as long as short
Kalshi KXGOLDPERP	+0.0108%	24h	4,308.7	+0.012%	$3.7M	$46.3M	15x	as long as short
edgeX XAUUSDCshort	+0.0118%	4h	4,309.9	+0.041%	$30.0M	$62.1M	50x
RISEx XAU/USDC	+0.0126%	1h	4,307.1	−0.025%	$4.4M	$13.1M	25x	as long as short
Gate XAU_USDT	+0.0128%	4h	4,309.5	+0.030%	$295.3M	$425.0M	100x	as long as short
Bitget XAUUSDT	+0.0188%	4h	4,307.4	−0.018%	$70.2M	$124.2M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0191%	1h	4,305.8	−0.056%	$134K	$882K	25x	as long as short
Bullet GOLD-USD	+0.0203%	1h	4,307	−0.029%	$58K	$81K	10x	as long as short
OKX XAU-USDT-SWAPlong	+0.0249%	8h	4,308.2	long leg	$170.7M	$329.0M	100x
Kraken Futures PF_XAUUSD	+0.0328%	1h	4,304.5	−0.086%	$573K	$138K	25x	as long as short
BloFin XAU-USDT	+0.0369%	4h	4,307.5	−0.015%	$16.2M	$5.0M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0466% / S −0.0314%	1h	4,306.4	−0.041%	$255K	—	111x	as long as short
Phemex XAUUSDT	+0.0721%	4h	4,310.8	+0.061%	$2.2M	$951K	100x	as long as short
HTX XAU-USDT	+0.1039%	4h	4,313.4	+0.122%	$3.2M	$6.2M	75x	as long as short
Bluefin GOLD-PERP	+0.5956%	1h	4,302.9	−0.123%	$25K	$1K	20x	as long as short