Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0067%/8h= +7.4% APRpaid last 24h +0.021%

Price spread now: edgeX against StandX−0.112%63s7-day average −0.120% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$230.233% of the position

Long on StandX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 7 days+0.082%+$8 · spread now −0.112%, 7d avg −0.120%

Together, before fees+0.165%+ Points / potential airdropStandX: Active · edgeX: Active · farm board+$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.120%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 63 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	StandX XAU-USD	4,323.4	0.0040	pay 0.0005% / 1h	52m 09s	$3.8M	$4.5M	40x
Short	edgeX XAUUSDC	4,318.6	0.0107	get 0.0054% / 4h	52m 09s	$30.1M	$59.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against StandX. 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 StandXbpFee edgeXbpOrdersPrice spread, now −0.112%Rate

Funding earned: $14.15
Price spread: −0.112% → −0.120%: $0.84
Slippage, 4 orders: −$6.3
Fee StandX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$8.3
Costs to cover: 0.233%
Break-even: 11.1 days

Slippage from StandX: live order book, 2 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 StandX live order book, 2 min ago	0.12 bp	4.1 bp −$4	4.8 bp −$48	9.0 bp −$896	11.2 bp −$5,623
Sell edgeX live order book, 2 min ago	0.23 bp	4.7 bp −$5	4.9 bp −$49	8.1 bp −$806	37.0 bp −$18.5K

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
Hotstuff GOLD-PERP	−0.0040%	1h	4,316.6	−0.157%	$32K	—	25x	as long as short
Bluefin GOLD-PERP	−0.0003%	1h	4,314.8	−0.199%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,325.8	+0.056%	$92K	$7.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,317.3	−0.142%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0027%	4h	4,322.8	−0.015%	$76.9M	$153.3M	150x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.625%	$619	$54	52x	as long as short
StandX XAU-USDlong	+0.0040%	1h	4,323.4	long leg	$3.8M	$4.5M	40x
QFEX GOLD-USD	+0.0045%	1h	4,320.6	−0.065%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,353.1	+0.687%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,318.2	−0.120%	$291.6M	$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	4,317.4	−0.139%	$15.0M	$55.7M	25x	as long as short
Aster XAUUSD1	+0.0059%	4h	4,323.4	0.000%	$72.7M	$272.8M	20x	as long as short
Paradex XAU-USD-PERP	+0.0071%	8h	4,320.3	−0.071%	$2K	$14K	5x	as long as short
Lighter XAU	+0.0072%	1h	4,320.4	−0.070%	$20.3M	$28.9M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,317.8	−0.130%	$2.1M	$4.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0086%	24h	4,321.4	−0.046%	$3.8M	$44.4M	15x	as long as short
Variational Omni XAU	+0.0094%	4h	4,323.8	+0.009%	$47.3M	$29.1M	—	as long as short
Phoenix GOLD	+0.0096%	1h	4,320.8	−0.060%	$47K	$79K	25x	as long as short
Gate XAU_USDT	+0.0098%	4h	4,323.2	−0.005%	$279.5M	$409.7M	100x	as long as short
Binance XAUUSDT	+0.0099%	4h	4,321.8	−0.037%	$425.3M	$2.14B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,317.3	−0.141%	$1.4M	$1.2M	10x	as long as short
MEXC XAU_USDT	+0.0100%	4h	4,321.6	−0.042%	$364.1M	$324.9M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0100%	4h	4,323.9	+0.012%	$1.4M	$3.0M	25x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,322.3	−0.025%	$272K	$208K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,320.7	−0.061%	$160K	$87	10x	as long as short
edgeX XAUUSDCshort	+0.0107%	4h	4,318.6	−0.112%	$30.1M	$59.3M	50x
Lighter RH XAU	+0.0136%	1h	4,323.5	+0.003%	$20.0M	$38.7M	25x	as long as short
Extended XAU-USD	+0.0160%	1h	4,317.1	−0.145%	$13.1M	$36.8M	25x	as long as short
Bitget XAUUSDT	+0.0202%	4h	4,321.6	−0.043%	$70.1M	$119.0M	100x	as long as short
Bullet GOLD-USD	+0.0206%	1h	4,321.2	−0.051%	$59K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0220%	1h	4,321.2	−0.051%	$4.3M	$2.0M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0228%	1h	4,318.4	−0.115%	$577K	$136K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0260%	1h	4,319.9	−0.081%	$163K	$864K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0289%	8h	4,322	−0.032%	$173.4M	$300.2M	100x	as long as short
BloFin XAU-USDT	+0.0341%	4h	4,322.3	−0.025%	$16.4M	$4.6M	100x	as long as short
HTX XAU-USDT	+0.0362%	4h	4,326.2	+0.064%	$3.2M	$5.8M	75x	as long as short
Phemex XAUUSDT	+0.0381%	4h	4,325.6	+0.051%	$2.2M	$975K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,321.5	−0.044%	$252K	—	111x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,322.5	−0.022%	$4.3M	$13.1M	25x	as long as short