Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0085%/8h= +9.3% APRpaid last 24h +0.023%

Price spread now: edgeX against tradeXYZ−0.061%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$280.277% of the position

Long on tradeXYZ Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 7 days+0.084%+$8 · spread now −0.061%, 7d avg −0.016%

Together, before fees+0.123%+ Points / potential airdroptradeXYZ: Active · edgeX: Active · farm board+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.045% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.061% now, against its 7-day average of −0.016%). If the spread goes back, that is −$5 on $10k: about 42 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.039% in total) that is about 8.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:GOLD	4,342.7	0.0050	pay 0.0006% / 1h	5m 28s	$293.8M	$49.1M	25x
Short	edgeX XAUUSDC	4,340	0.0135	get 0.0067% / 4h	3h 05m	$30.2M	$57.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against tradeXYZ. 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 tradeXYZbpFee edgeXbpOrdersPrice spread, now −0.061%Rate

Funding earned: $17.85
Price spread: −0.061% → −0.016%: −$4.51
Slippage, 4 orders: −$0.69
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$14.35
Costs to cover: 0.277%
Break-even: 12.6 days

Slippage from tradeXYZ: 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 tradeXYZ live order book, 3 min ago	0.12 bp	9.1 bp −$9	9.1 bp −$91	10.4 bp −$1,040	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	35.7 bp −$17.9K

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	−0.0008%	1h	4,338.9	−0.088%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,350.5	+0.180%	$92K	$8.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,342.1	−0.013%	$272K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,346.6	+0.090%	$3.7M	$12.5M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,342	−0.017%	$13.2M	$37.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.178%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,346.1	+0.078%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,345.1	+0.055%	$5.6M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,378.6	+0.827%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLDlong	+0.0050%	1h	4,342.7	long leg	$293.8M	$49.1M	25x

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	4,342.9	+0.005%	$15.0M	$56.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0052%	24h	4,343.8	+0.025%	$4.0M	$38.9M	15x	as long as short
Bybit XAUUSDT	+0.0055%	4h	4,347.1	+0.101%	$80.1M	$152.0M	150x	as long as short
Lighter XAU	+0.0056%	1h	4,345	+0.053%	$20.7M	$34.8M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,341.7	−0.023%	$2.1M	$4.7M	25x	as long as short
Gate XAU_USDT	+0.0062%	4h	4,347.6	+0.113%	$268.3M	$419.0M	100x	as long as short
Paradex XAU-USD-PERP	+0.0067%	8h	4,345.7	+0.070%	$19K	$5K	5x	as long as short
Hotstuff GOLD-PERP	+0.0072%	1h	4,342.6	−0.002%	$33K	—	25x	as long as short
Lighter RH XAU	+0.0080%	1h	4,347.6	+0.112%	$20.2M	$40.2M	25x	as long as short
Aster XAUUSD1	+0.0098%	4h	4,346.5	+0.087%	$71.5M	$331.5M	20x	as long as short
Pacifica XAU	+0.0100%	1h	4,342.4	−0.007%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,341.7	−0.023%	$274K	$203K	50x	as long as short
Variational Omni XAU	+0.0105%	4h	4,345.4	+0.061%	$48.3M	$27.6M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,345.1	+0.055%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0118%	4h	4,346.2	+0.081%	$370.3M	$321.7M	1000x	as long as short
Binance XAUUSDT	+0.0120%	4h	4,346	+0.076%	$418.8M	$2.09B	100x	as long as short
edgeX XAUUSDCshort	+0.0135%	4h	4,340	−0.061%	$30.2M	$57.9M	50x
Phoenix GOLD	+0.0136%	1h	4,341.7	−0.023%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0148%	4h	4,345.6	+0.067%	$1.4M	$2.9M	25x	as long as short
Phemex XAUUSDT	+0.0201%	4h	4,349	+0.145%	$2.2M	$967K	100x	as long as short
Polymarket Perps GOLD-USD	+0.0203%	1h	4,345.8	+0.071%	$4.2M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0206%	1h	4,346.2	+0.080%	$59K	$82K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0211%	1h	4,344.3	+0.037%	$204K	$826K	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,342.8	+0.003%	$590K	$135K	25x	as long as short
Bitget XAUUSDT	+0.0274%	4h	4,346.6	+0.090%	$71.1M	$108.8M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0330%	8h	4,347.3	+0.106%	$167.2M	$283.1M	100x	as long as short
BloFin XAU-USDT	+0.0360%	4h	4,345	+0.053%	$15.7M	$4.4M	100x	as long as short
HTX XAU-USDT	+0.0410%	4h	4,346.8	+0.094%	$2.8M	$4.6M	75x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0428% / S −0.0252%	1h	4,346.1	+0.079%	$250K	—	111x	as long as short