Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0051%/8h= +5.5% APRpaid last 24h +0.023%

Price spread now: edgeX against Ondo Perps−0.078%54s7-day average +0.027% · you buy dearer than you sell

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

Long on Ondo Perps Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.101%+$10 on $10k

Price spread, last 7 days+0.203%+$20 · spread now −0.078%, 7d avg +0.027%

Together, before fees+0.304%+ Points / potential airdropOndo Perps: Active · edgeX: Active · farm board+$30 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.105% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.078% now, against its 7-day average of +0.027%). If the spread goes back, that is −$11 on $10k: about 7.0 days of funding at the current rate (+$2 a day). The two prices were read 54 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	Ondo Perps XAU-USD.P	4,339.6	0.0050	pay 0.0006% / 1h	45m 56s	$15.1M	$56.8M	25x
Short	edgeX XAUUSDC	4,336.2	0.0101	get 0.0050% / 4h	3h 45m	$30.2M	$58.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Ondo Perps. 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 Ondo PerpsbpFee edgeXbpOrdersPrice spread, now −0.078%Rate

Funding earned: $10.61
Price spread: −0.078% → +0.027%: −$10.54
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$13.93
Costs to cover: 0.140%
Break-even: 16.2 days

Slippage unknown: Ondo Perps: 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell edgeX live order book, 3 min ago	0.23 bp	4.7 bp −$5	4.7 bp −$47	8.0 bp −$799	37.3 bp −$18.6K

Ondo Perps: 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
Bluefin GOLD-PERP	−0.0020%	1h	4,336.3	−0.076%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,347.5	+0.183%	$92K	$8.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,339.4	−0.003%	$271K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,342.5	+0.068%	$3.5M	$12.1M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,344	+0.102%	$20.0M	$39.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,339.4	−0.005%	$13.3M	$37.9M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.250%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,343.7	+0.095%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,342.1	+0.059%	$5.7M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,375.8	+0.835%	—	$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
Lighter XAU	+0.0048%	1h	4,341.8	+0.051%	$20.8M	$34.5M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,340.2	+0.015%	$293.5M	$49.0M	25x	as long as short
Ondo Perps XAU-USD.Plong	+0.0050%	1h	4,339.6	long leg	$15.1M	$56.8M	25x
Kalshi KXGOLDPERP	+0.0051%	24h	4,340.4	+0.019%	$4.3M	$37.5M	15x	as long as short
Gate XAU_USDT	+0.0052%	4h	4,344.9	+0.122%	$267.9M	$412.1M	100x	as long as short
Hotstuff GOLD-PERP	+0.0056%	1h	4,340.1	+0.012%	$33K	—	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,340.1	+0.012%	$2.1M	$4.8M	25x	as long as short
Bybit XAUUSDT	+0.0074%	4h	4,344.5	+0.113%	$80.5M	$150.6M	150x	as long as short
Aster XAUUSD1	+0.0076%	4h	4,344.4	+0.111%	$71.5M	$332.4M	20x	as long as short
Paradex XAU-USD-PERP	+0.0082%	8h	4,343.2	+0.083%	$19K	$5K	5x	as long as short
Variational Omni XAU	+0.0087%	4h	4,342.7	+0.073%	$48.3M	$27.7M	—	as long as short
MEXC XAU_USDT	+0.0098%	4h	4,343.6	+0.093%	$372.5M	$317.5M	1000x	as long as short
Pacifica XAU	+0.0100%	1h	4,339.5	−0.001%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,337	−0.059%	$274K	$203K	50x	as long as short
Binance XAUUSDT	+0.0100%	4h	4,343.6	+0.092%	$415.1M	$2.09B	100x	as long as short
edgeX XAUUSDCshort	+0.0101%	4h	4,336.2	−0.078%	$30.2M	$58.3M	50x
Aevo XAU-PERP	+0.0104%	1h	4,342.6	+0.070%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0136%	1h	4,338.3	−0.029%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0166%	4h	4,341.6	+0.048%	$1.4M	$2.9M	25x	as long as short
Phemex XAUUSDT	+0.0177%	4h	4,343.9	+0.101%	$2.2M	$967K	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0211%	1h	4,341.8	+0.052%	$205K	$826K	25x	as long as short
Bullet GOLD-USD	+0.0214%	1h	4,343.6	+0.093%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0220%	1h	4,343.4	+0.088%	$4.3M	$2.0M	20x	as long as short
Bitget XAUUSDT	+0.0244%	4h	4,343	+0.079%	$71.1M	$109.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,340.3	+0.017%	$592K	$132K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0317%	8h	4,344.8	+0.121%	$166.3M	$281.6M	100x	as long as short
BloFin XAU-USDT	+0.0352%	4h	4,343.4	+0.088%	$15.6M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0426% / S −0.0252%	1h	4,343.5	+0.091%	$250K	—	111x	as long as short
HTX XAU-USDT	+0.0549%	4h	4,347.6	+0.185%	$2.8M	$4.6M	75x	as long as short