Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0070%/8h= +7.7% APRpaid last 24h +0.025%

Price spread now: edgeX against QFEX−0.021%7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$220.225% of the position

Long on QFEX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.077%+$8 on $10k

Price spread, last 7 days+0.030%+$3 · spread now −0.021%, 7d avg −0.063%

Together, before fees+0.108%+ Points / potential airdropedgeX: Active · farm board+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and edgeX is 0.042% dearer against QFEX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX GOLD-USD	4,319.3	0.0042	pay 0.0005% / 1h	46m 52s	$5.4M	$2.1M	20x
Short	edgeX XAUUSDC	4,318.4	0.0113	get 0.0056% / 4h	1h 46m	$30.1M	$61.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against QFEX. 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 QFEXbpFee edgeXbpOrdersPrice spread, now −0.021%Rate

Funding earned: $14.79
Price spread: −0.021% → −0.063%: $4.24
Slippage, 4 orders: −$3.47
Fee QFEX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$3.44
Costs to cover: 0.225%
Break-even: 8.6 days

Slippage from QFEX: live order book, 7 min ago; edgeX: live order book, 2 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 QFEX live order book, 7 min ago	1.39 bp	6.4 bp −$6	6.4 bp −$64	9.3 bp −$934	doesn't fit
Sell edgeX live order book, 2 min ago	0.35 bp	4.8 bp −$5	5.1 bp −$51	9.4 bp −$942	42.7 bp −$21.4K

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	−0.0093%	1h	4,313.8	−0.128%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,324.1	+0.112%	$92K	$8.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,316.6	−0.062%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0009%	4h	4,321.8	+0.057%	$77.4M	$156.9M	150x	as long as short
Extended XAU-USD	+0.0032%	1h	4,315.7	−0.084%	$13.2M	$36.6M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.720%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,324.4	+0.118%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USDlong	+0.0042%	1h	4,319.3	long leg	$5.4M	$2.1M	20x
Vest GC-PERP	+0.0046%	1h	4,352.7	+0.773%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,316.3	−0.069%	$291.2M	$51.7M	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	4,315.8	−0.081%	$15.0M	$55.7M	25x	as long as short
Lighter XAU	+0.0064%	1h	4,318.8	−0.011%	$20.3M	$30.3M	25x	as long as short
Kalshi KXGOLDPERP	+0.0070%	24h	4,322.1	+0.065%	$3.9M	$43.3M	15x	as long as short
Hotstuff GOLD-PERP	+0.0072%	1h	4,317.5	−0.042%	$32K	—	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,317.7	−0.037%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0073%	8h	4,319.9	+0.014%	$19K	$5K	5x	as long as short
Aster XAUUSD1	+0.0080%	4h	4,321.6	+0.054%	$72.4M	$309.0M	20x	as long as short
GRVT XAU_USDT_Perp	+0.0082%	4h	4,321.1	+0.042%	$1.4M	$3.0M	25x	as long as short
Gate XAU_USDT	+0.0084%	4h	4,321.9	+0.061%	$281.9M	$411.0M	100x	as long as short
Variational Omni XAU	+0.0093%	4h	4,320.2	+0.022%	$47.3M	$29.3M	—	as long as short
Lighter RH XAU	+0.0096%	1h	4,321.4	+0.047%	$19.8M	$38.4M	25x	as long as short
Phoenix GOLD	+0.0100%	1h	4,319.8	+0.012%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,316.2	−0.072%	$1.4M	$1.2M	10x	as long as short
MEXC XAU_USDT	+0.0100%	4h	4,319.6	+0.008%	$363.1M	$326.9M	1000x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,320.1	+0.019%	$272K	$208K	50x	as long as short
Binance XAUUSDT	+0.0101%	4h	4,319.7	+0.010%	$414.9M	$2.14B	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,319.4	+0.002%	$160K	$87	10x	as long as short
edgeX XAUUSDCshort	+0.0113%	4h	4,318.4	−0.021%	$30.1M	$61.2M	50x
Kraken Futures PF_XAUUSD	+0.0154%	1h	4,316.9	−0.056%	$587K	$131K	25x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,322	+0.063%	$4.2M	$12.8M	25x	as long as short
Bullet GOLD-USD	+0.0195%	1h	4,320.6	+0.030%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0214%	1h	4,320.2	+0.021%	$4.2M	$1.9M	20x	as long as short
HTX XAU-USDT	+0.0218%	4h	4,322.8	+0.080%	$2.8M	$4.9M	75x	as long as short
Bitget XAUUSDT	+0.0236%	4h	4,321.1	+0.042%	$68.0M	$119.4M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0306%	1h	4,319	−0.007%	$192K	$831K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0315%	8h	4,321.1	+0.042%	$170.1M	$297.2M	100x	as long as short
BloFin XAU-USDT	+0.0341%	4h	4,322.3	+0.068%	$16.2M	$4.4M	100x	as long as short
Phemex XAUUSDT	+0.0408%	4h	4,323.2	+0.091%	$2.2M	$962K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0463% / S −0.0307%	1h	4,320.7	+0.031%	$252K	—	111x	as long as short