Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0022%/8h= +2.4% APRpaid last 24h −0.001%

Price spread now: Aevo against edgeX+0.099%48s7-day average +0.139% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as 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−$410.407% of the position

Long on edgeX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 4 days (all we have)+0.146%+$15 · spread now +0.099%, 7d avg +0.139%

Together, before fees+0.162%+ Points / potential airdropedgeX: Active · farm board+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aevo is 0.040% cheaper against edgeX than usual: you would sell low and buy high (spread +0.099% now, against its 7-day average of +0.139%). If the spread goes back, that is −$4 on $10k: about 6.1 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.017% in total) that is about 17 days. The two prices were read 48 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	edgeX XAUUSDC	4,313.3	0.0082	pay 0.0041% / 4h	43m 23s	$30.2M	$67.2M	50x
Short	Aevo XAU-PERP	4,317.6	0.0104	get 0.0013% / 1h	43m 23s	$160K	$87	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against edgeX. 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 edgeXbpFee AevobpOrdersPrice spread, now +0.099%Rate

Funding earned: $4.65
Price spread: +0.099% → +0.139%: −$4.04
Slippage, 4 orders: −$15.72
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$40.11
Costs to cover: 0.407%
Break-even: 67.4 days

Slippage from edgeX: live order book, 4 min ago; Aevo: live order book, 63 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 edgeX live order book, 4 min ago	0.23 bp	4.7 bp −$5	4.8 bp −$48	7.2 bp −$722	34.5 bp −$17.3K
Sell Aevo live order book, 63 min ago	6.18 bp	15.4 bp −$15	25.7 bp −$257	doesn't fit	doesn't fit

XAU on 39 exchanges

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
Coinbase International GOLD-PERP-INTX	−0.0032%	1h	4,315.5	+0.050%	$2.1M	$5.1M	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,323.8	+0.243%	$92K	$5.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,316.4	+0.070%	$308K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0024%	1h	4,319.6	+0.145%	$35K	$3K	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.860%	$619	$54	52x	as long as short
Aster XAUUSD1	+0.0038%	4h	4,321.9	+0.197%	$71.1M	$277.6M	20x	as long as short
StandX XAU-USD	+0.0040%	1h	4,318.1	+0.110%	$3.8M	$4.6M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,318.1	+0.110%	$6.6M	$3.3M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,353.2	+0.924%	—	$1.0M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,316.5	+0.072%	$15.2M	$59.1M	25x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0053%	1h	4,317.6	+0.099%	$291.8M	$46.1M	25x	as long as short
Paradex XAU-USD-PERP	+0.0057%	8h	4,319.6	+0.145%	$2K	$13K	5x	as long as short
RISEx XAU/USDC	+0.0062%	1h	4,320.3	+0.162%	$4.7M	$13.4M	25x	as long as short
Variational Omni XAU	+0.0067%	4h	4,315.6	+0.052%	$47.1M	$27.9M	—	as long as short
Lighter XAU	+0.0072%	1h	4,319.7	+0.148%	$20.0M	$30.4M	25x	as long as short
MEXC XAU_USDT	+0.0078%	4h	4,320.3	+0.160%	$350.9M	$354.3M	1000x	as long as short
Binance XAUUSDT	+0.0080%	4h	4,320.5	+0.165%	$443.3M	$2.45B	100x	as long as short
edgeX XAUUSDClong	+0.0082%	4h	4,313.3	long leg	$30.2M	$67.2M	50x
Gate XAU_USDT	+0.0084%	4h	4,323	+0.225%	$304.3M	$437.3M	100x	as long as short
GRVT XAU_USDT_Perp	+0.0090%	4h	4,320.1	+0.156%	$1.4M	$3.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,317.2	+0.089%	$1.4M	$1.5M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,317.2	+0.090%	$286K	$228K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,314.1	+0.018%	$25K	$1K	20x	as long as short
Aevo XAU-PERPshort	+0.0104%	1h	4,317.6	+0.099%	$160K	$87	10x
Phoenix GOLD	+0.0124%	1h	4,318.1	+0.110%	$43K	$71K	25x	as long as short
Lighter RH XAU	+0.0128%	1h	4,322	+0.201%	$19.5M	$39.4M	25x	as long as short
Kalshi KXGOLDPERP	+0.0147%	24h	4,320.6	+0.168%	$3.5M	$52.0M	15x	as long as short
Bybit XAUUSDT	+0.0170%	4h	4,322.3	+0.207%	$85.3M	$168.7M	150x	as long as short
Phemex XAUUSDT	+0.0196%	4h	4,320.2	+0.160%	$2.2M	$733K	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0198%	1h	4,317.5	+0.095%	$581K	$166K	25x	as long as short
Bitget XAUUSDT	+0.0202%	4h	4,320.7	+0.170%	$73.1M	$142.0M	100x	as long as short
Extended XAU-USD	+0.0208%	1h	4,316.3	+0.069%	$12.6M	$34.4M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0213%	1h	4,318.4	+0.117%	$135K	$661K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0219%	1h	4,320.3	+0.161%	$4.3M	$1.7M	20x	as long as short
Bullet GOLD-USD	+0.0219%	1h	4,320.7	+0.170%	$59K	$77K	10x	as long as short
OKX XAU-USDT-SWAP	+0.0224%	8h	4,322	+0.201%	$171.2M	$365.9M	100x	as long as short
BloFin XAU-USDT	+0.0319%	4h	4,319.2	+0.135%	$16.5M	$5.3M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0424% / S −0.0257%	1h	4,320.5	+0.165%	$252K	—	111x	as long as short
HTX XAU-USDT	+0.1017%	4h	4,326.3	+0.300%	$3.2M	$7.1M	75x	as long as short