Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0052%/8h= −5.6% APRpaid last 24h −0.028%

Price spread now: Extended against edgeX+0.148%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1as in the Price arb table

costs, in and out, $10k−$150.149% of the position

Long on edgeX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.114%−$11 on $10k

Price spread, last 7 days−0.164%−$16 · spread now +0.148%, 7d avg +0.012%

Together, before fees−0.278%+ Points / potential airdropedgeX: Active · Extended: Active · farm board−$28 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.136% dearer against edgeX than usual: you sell high and buy low (spread +0.148% now, against its 7-day average of +0.012%): +$14 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XAUUSDC	4,350.2	0.0084	pay 0.0042% / 4h	2h 35m	$30.3M	$60.6M	50x
Short	Extended XAU-USD	4,356.6	0.0032	get 0.0004% / 1h	35m 16s	$13.6M	$43.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.148%Rate

Funding earned: −$10.82
Price spread: +0.148% → +0.012%: $13.56
Slippage, 4 orders: −$0.9
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$12.16
Costs to cover: 0.149%
Break-even: never at this rate

Slippage from edgeX: live order book, 4 min ago; Extended: 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 edgeX live order book, 4 min ago	0.12 bp	5.1 bp −$5	5.1 bp −$51	8.8 bp −$878	40.2 bp −$20.1K
Sell Extended live order book, 4 min ago	0.12 bp	2.6 bp −$3	3.2 bp −$32	7.7 bp −$770	31.9 bp −$15.9K

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
Hotstuff GOLD-PERP	0.0000%	1h	4,356.8	+0.152%	$33K	—	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,361.9	+0.269%	$263.2M	$408.5M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,357.4	+0.166%	$4.1M	$36.3M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,364.1	+0.320%	$93K	$9.7M	20x	as long as short
Aster XAUUSD1	+0.0001%	4h	4,361.3	+0.255%	$70.2M	$292.9M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,356.8	+0.152%	$270K	—	250x	as long as short
Extended XAU-USDshort	+0.0032%	1h	4,356.6	+0.148%	$13.6M	$43.0M	25x
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.005%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,358.4	+0.188%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,393	+0.984%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XAU	+0.0048%	1h	4,359.5	+0.213%	$20.7M	$43.5M	25x	as long as short
Lighter RH XAU	+0.0048%	1h	4,361.8	+0.265%	$20.1M	$40.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,357.1	+0.159%	$294.2M	$48.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,357.4	+0.166%	$14.9M	$57.9M	25x	as long as short
QFEX GOLD-USD	+0.0051%	1h	4,358.5	+0.191%	$5.6M	$1.9M	20x	as long as short
Polymarket Perps GOLD-USD	+0.0060%	1h	4,359	+0.202%	$4.3M	$1.9M	20x	as long as short
Variational Omni XAU	+0.0069%	4h	4,356.5	+0.145%	$48.3M	$28.4M	—	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,357.1	+0.159%	$2.0M	$5.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0083%	8h	4,359.8	+0.220%	$19K	$5K	5x	as long as short
edgeX XAUUSDClong	+0.0084%	4h	4,350.2	long leg	$30.3M	$60.6M	50x
MEXC XAU_USDT	+0.0086%	4h	4,360.1	+0.228%	$374.3M	$322.4M	1000x	as long as short
Binance XAUUSDT	+0.0087%	4h	4,360.2	+0.229%	$409.8M	$2.10B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,356.2	+0.139%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,352.6	+0.055%	$275K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,400.4	+1.154%	$26K	$14K	20x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,359.5	+0.215%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0121%	1h	4,355.1	+0.113%	$48K	$64K	25x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,360.3	+0.232%	$3.4M	$12.4M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0136%	4h	4,357.5	+0.167%	$1.4M	$2.9M	25x	as long as short
Bitget XAUUSDT	+0.0154%	4h	4,360.9	+0.245%	$69.3M	$109.8M	100x	as long as short
Bullet GOLD-USD	+0.0156%	1h	4,360	+0.225%	$59K	$83K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0186%	1h	4,358.8	+0.198%	$235K	$662K	25x	as long as short
Bybit XAUUSDT	+0.0193%	4h	4,361.1	+0.250%	$84.2M	$143.7M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0227%	8h	4,361.9	+0.269%	$165.1M	$284.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,358	+0.178%	$594K	$141K	25x	as long as short
BloFin XAU-USDT	+0.0286%	4h	4,364.8	+0.336%	$15.5M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0349%	4h	4,361.3	+0.254%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0394% / S −0.0199%	1h	4,360.4	+0.235%	$253K	—	111x	as long as short
HTX XAU-USDT	+0.0521%	4h	4,363.9	+0.315%	$2.9M	$3.9M	75x	as long as short