Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.034%

Price spread now: Injective against edgeX+0.005%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

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 36m	$30.3M	$60.6M	50x
Short	Injective XAU/USDC PERP	4,350.4	0.0033	get 0.0004% / 1h	36m 01s	$619	$54	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.005%Rate

Funding earned: −$10.54
Price spread: +0.005% → 0.000%: $0.5
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$19.05
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 3 min ago; Injective: no order-book sample. Net counts fees only.

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	0.12 bp	5.1 bp −$5	5.1 bp −$51	8.8 bp −$878	40.2 bp −$20.1K
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0317%	1h	4,349.8	−0.008%	$25K	$14K	20x	as long as short
Aster XAUUSD1	0.0000%	4h	4,359	+0.201%	$70.2M	$293.2M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,360.1	+0.228%	$263.5M	$408.4M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,354.2	+0.092%	$4.1M	$36.6M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,361.3	+0.254%	$93K	$9.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,353.5	+0.077%	$270K	—	250x	as long as short
Extended XAU-USD	+0.0032%	1h	4,354.5	+0.100%	$13.6M	$43.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0032%	1h	4,352.8	+0.060%	$33K	—	25x	as long as short
Injective XAU/USDC PERPshort	+0.0033%	1h	4,350.4	+0.005%	$619	$54	52x
StandX XAU-USD	+0.0040%	1h	4,356	+0.133%	$3.8M	$4.7M	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	4,390.7	+0.931%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,356.9	+0.154%	$20.7M	$43.5M	25x	as long as short
Lighter RH XAU	+0.0048%	1h	4,359.2	+0.206%	$20.1M	$40.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,354.7	+0.103%	$294.1M	$48.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,354.3	+0.095%	$14.9M	$57.8M	25x	as long as short
QFEX GOLD-USD	+0.0051%	1h	4,356.7	+0.149%	$5.6M	$1.9M	20x	as long as short
Polymarket Perps GOLD-USD	+0.0060%	1h	4,356.4	+0.143%	$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	4,354.6	+0.101%	$2.0M	$5.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0083%	8h	4,357	+0.157%	$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	+0.0084%	4h	4,358.2	+0.185%	$373.8M	$322.3M	1000x	as long as short
Binance XAUUSDT	+0.0086%	4h	4,358.9	+0.200%	$409.7M	$2.10B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,352.7	+0.057%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,353.9	+0.084%	$275K	$204K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,356.4	+0.142%	$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	4,357	+0.156%	$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	+0.0152%	4h	4,358.8	+0.197%	$69.2M	$109.7M	100x	as long as short
Bullet GOLD-USD	+0.0156%	1h	4,357.4	+0.166%	$59K	$83K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0186%	1h	4,356.3	+0.140%	$234K	$661K	25x	as long as short
Bybit XAUUSDT	+0.0190%	4h	4,360.2	+0.230%	$84.2M	$143.7M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0226%	8h	4,360.4	+0.234%	$165.0M	$284.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,354.9	+0.108%	$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	+0.0381%	4h	4,361.1	+0.250%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0394% / S −0.0199%	1h	4,357.1	+0.159%	$253K	—	111x	as long as short
HTX XAU-USDT	+0.0523%	4h	4,362.7	+0.287%	$2.9M	$3.9M	75x	as long as short