Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0107%/8h= +11.8% APRpaid last 24h +0.024%

Price spread now: Deribit against edgeX+0.074%7-day average +0.050% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$190.190% of the position

Long on edgeX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.673%+$67 on $10k

Price spread, last 4 days (all we have)+0.125%+$12 · spread now +0.074%, 7d avg +0.050%

Together, before fees+0.797%+ Points / potential airdropedgeX: Active · farm board+$80 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Deribit is 0.024% dearer against edgeX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XAUUSDC	4,342.6	0.0126	pay 0.0063% / 4h	1h 46m	$30.2M	$58.9M	50x
Short	Deribit GOLD_USDC-PERPETUAL	4,345.8	0.0233	get 0.0029% / 1h	46m 22s	$259K	$704K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.074%Rate

Funding earned: $22.56
Price spread: +0.074% → +0.050%: $2.43
Slippage, 4 orders: −$2.99
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $6
Costs to cover: 0.190%
Break-even: 5.1 days

Slippage from edgeX: live order book, 3 min ago; Deribit: live order book, 17 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, 3 min ago	0.23 bp	4.7 bp −$5	4.7 bp −$47	7.5 bp −$747	37.4 bp −$18.7K
Sell Deribit live order book, 17 min ago	0.12 bp	3.6 bp −$4	4.2 bp −$42	doesn't fit	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
Hotstuff GOLD-PERP	−0.0016%	1h	4,344.4	+0.042%	$33K	—	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,348.9	+0.145%	$264.7M	$407.3M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,352.1	+0.218%	$92K	$9.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,342.7	+0.003%	$266K	—	250x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,347.2	+0.107%	$3.4M	$12.4M	25x	as long as short
Bluefin GOLD-PERP	+0.0012%	1h	4,341.9	−0.015%	$25K	$14K	20x	as long as short
Extended XAU-USD	+0.0032%	1h	4,342.9	+0.007%	$13.6M	$39.9M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.181%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0037%	24h	4,345.1	+0.058%	$4.2M	$36.4M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,348.3	+0.132%	$3.8M	$4.6M	40x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,380.1	+0.864%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,346.8	+0.097%	$5.6M	$1.9M	20x	as long as short
Aster XAUUSD1	+0.0047%	4h	4,348.2	+0.130%	$70.0M	$331.4M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,343.1	+0.012%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,344.6	+0.047%	$293.3M	$48.8M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,343.8	+0.028%	$15.1M	$57.7M	25x	as long as short
Lighter XAU	+0.0056%	1h	4,345.8	+0.073%	$20.6M	$41.9M	25x	as long as short
Lighter RH XAU	+0.0080%	1h	4,348.4	+0.135%	$20.1M	$39.4M	25x	as long as short
Paradex XAU-USD-PERP	+0.0085%	8h	4,346.7	+0.095%	$19K	$5K	5x	as long as short
Binance XAUUSDT	+0.0098%	4h	4,347.1	+0.104%	$411.2M	$2.10B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,344.1	+0.035%	$1.4M	$1.2M	10x	as long as short
MEXC XAU_USDT	+0.0100%	4h	4,347.4	+0.110%	$371.2M	$316.6M	1000x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,344	+0.033%	$274K	$203K	50x	as long as short
Variational Omni XAU	+0.0102%	4h	4,347.9	+0.122%	$48.3M	$27.9M	—	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,346.6	+0.092%	$161K	$87	10x	as long as short
GRVT XAU_USDT_Perp	+0.0118%	4h	4,349.4	+0.158%	$1.4M	$3.0M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0118%	1h	4,346.4	+0.088%	$4.3M	$1.9M	20x	as long as short
edgeX XAUUSDClong	+0.0126%	4h	4,342.6	long leg	$30.2M	$58.9M	50x
Phoenix GOLD	+0.0136%	1h	4,347.8	+0.120%	$47K	$77K	25x	as long as short
Bybit XAUUSDT	+0.0201%	4h	4,348.2	+0.130%	$84.3M	$145.1M	150x	as long as short
Bitget XAUUSDT	+0.0208%	4h	4,347.5	+0.114%	$69.6M	$109.3M	100x	as long as short
Bullet GOLD-USD	+0.0210%	1h	4,347.4	+0.111%	$58K	$83K	10x	as long as short
Deribit GOLD_USDC-PERPETUALshort	+0.0233%	1h	4,345.8	+0.074%	$259K	$704K	25x
OKX XAU-USDT-SWAP	+0.0248%	8h	4,347.9	+0.123%	$164.3M	$282.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0270%	1h	4,344.5	+0.043%	$593K	$133K	25x	as long as short
Phemex XAUUSDT	+0.0352%	4h	4,351	+0.193%	$2.2M	$1.1M	100x	as long as short
BloFin XAU-USDT	+0.0366%	4h	4,347.8	+0.120%	—	$4.7M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0399% / S −0.0209%	1h	4,347.4	+0.111%	$251K	—	111x	as long as short
HTX XAU-USDT	+0.0580%	4h	4,353.1	+0.242%	$2.8M	$4.2M	75x	as long as short