Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h −0.008%

Price spread now: ApeX Omni against edgeX+0.032%7-day average +0.118% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$430.430% of the position

Long on edgeX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 4 days (all we have)+0.117%+$12 · spread now +0.032%, 7d avg +0.118%

Together, before fees+0.124%+ Points / potential airdropedgeX: Active · farm board+$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and ApeX Omni is 0.086% cheaper against edgeX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.118%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XAUUSDC	4,322.8	0.0128	pay 0.0064% / 4h	2h 09m	$30.1M	$60.2M	50x
Short	ApeX Omni XAUUSDT	4,324.2	0.0100	get 0.0013% / 1h	9m 44s	$272K	$208K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.032%Rate

Funding earned: −$5.96
Price spread: +0.032% → +0.118%: −$8.61
Slippage, 4 orders: −$23.97
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$57.54
Costs to cover: 0.430%
Break-even: never at this rate

Slippage from edgeX: live order book, 4 min ago; ApeX Omni: live order book, 37 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	0.35 bp	4.8 bp −$5	4.8 bp −$48	8.1 bp −$811	35.3 bp −$17.7K
Sell ApeX Omni live order book, 37 min ago	4.63 bp	13.4 bp −$13	26.0 bp −$260	42.6 bp −$4,264	doesn't fit

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	−0.0049%	1h	4,326.7	+0.090%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,337.6	+0.343%	$92K	$8.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,329.9	+0.163%	$271K	—	250x	as long as short
Bybit XAUUSDT	+0.0006%	4h	4,334.9	+0.280%	$78.4M	$156.7M	150x	as long as short
Extended XAU-USD	+0.0032%	1h	4,331.3	+0.198%	$13.1M	$36.8M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.639%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,333	+0.236%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,332.7	+0.229%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,365.6	+0.990%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,332.8	+0.231%	$20.4M	$31.8M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	4,330.3	+0.174%	$292.0M	$51.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,330.4	+0.176%	$15.0M	$56.5M	25x	as long as short
RISEx XAU/USDC	+0.0054%	1h	4,334.8	+0.277%	$3.8M	$12.5M	25x	as long as short
Kalshi KXGOLDPERP	+0.0063%	24h	4,334.7	+0.275%	$4.0M	$42.2M	15x	as long as short
Gate XAU_USDT	+0.0068%	4h	4,335.1	+0.284%	$271.9M	$416.7M	100x	as long as short
Lighter RH XAU	+0.0072%	1h	4,335.3	+0.288%	$19.9M	$39.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,330.9	+0.188%	$2.0M	$4.8M	25x	as long as short
Paradex XAU-USD-PERP	+0.0072%	8h	4,334.2	+0.264%	$19K	$5K	5x	as long as short
Aster XAUUSD1	+0.0097%	4h	4,334.9	+0.280%	$72.3M	$330.2M	20x	as long as short
Pacifica XAU	+0.0100%	1h	4,330.5	+0.178%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDTshort	+0.0100%	1h	4,324.2	+0.032%	$272K	$208K	50x
Variational Omni XAU	+0.0101%	4h	4,331.5	+0.201%	$46.8M	$28.6M	—	as long as short
GRVT XAU_USDT_Perp	+0.0102%	4h	4,325.7	+0.066%	$1.4M	$3.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0104%	1h	4,329.6	+0.157%	$32K	—	25x	as long as short
MEXC XAU_USDT	+0.0110%	4h	4,333.8	+0.255%	$363.9M	$330.8M	1000x	as long as short
Binance XAUUSDT	+0.0111%	4h	4,333.7	+0.251%	$414.8M	$2.12B	100x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,333.8	+0.256%	$160K	$87	10x	as long as short
Phoenix GOLD	+0.0127%	1h	4,326.6	+0.088%	$47K	$77K	25x	as long as short
edgeX XAUUSDClong	+0.0128%	4h	4,322.8	long leg	$30.1M	$60.2M	50x
Bullet GOLD-USD	+0.0160%	1h	4,333.7	+0.252%	$58K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0177%	1h	4,333.6	+0.250%	$4.2M	$2.0M	20x	as long as short
HTX XAU-USDT	+0.0232%	4h	4,336.7	+0.322%	$2.8M	$5.0M	75x	as long as short
Kraken Futures PF_XAUUSD	+0.0247%	1h	4,331.5	+0.201%	$590K	$130K	25x	as long as short
Bitget XAUUSDT	+0.0256%	4h	4,333.5	+0.247%	$68.1M	$119.0M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0258%	1h	4,334.2	+0.264%	$195K	$826K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0332%	8h	4,333.7	+0.252%	$170.8M	$297.3M	100x	as long as short
BloFin XAU-USDT	+0.0359%	4h	4,333.3	+0.244%	$16.0M	$4.5M	100x	as long as short
Phemex XAUUSDT	+0.0387%	4h	4,335.2	+0.288%	$2.2M	$962K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0460% / S −0.0302%	1h	4,334	+0.259%	$253K	—	111x	as long as short