Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h −0.004%

Price spread now: Phoenix against edgeX+0.011%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 Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

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: +$1 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	4,338.3	0.0113	pay 0.0056% / 4h	3h 41m	$30.2M	$58.3M	50x
Short	Phoenix GOLD	4,338.8	0.0136	get 0.0017% / 1h	41m 59s	$47K	$77K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.011%Rate

Funding earned: $4.97
Price spread: +0.011% → 0.000%: $1.09
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$9.94
Costs to cover: 0.160%
Break-even: 21.0 days

Slippage unknown: edgeX: live order book, 2 min ago; Phoenix: 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, 2 min ago	0.34 bp	4.8 bp −$5	4.8 bp −$48	7.8 bp −$780	35.6 bp −$17.8K
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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	−0.0024%	1h	4,335.8	−0.058%	$25K	$14K	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,343	+0.108%	$267.7M	$413.5M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,345.8	+0.171%	$92K	$8.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,337.1	−0.027%	$271K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,340.4	+0.049%	$3.5M	$12.1M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,342.2	+0.089%	$20.0M	$39.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,336.9	−0.033%	$13.3M	$37.9M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.279%	$619	$54	52x	as long as short
Lighter XAU	+0.0040%	1h	4,340.1	+0.041%	$20.8M	$34.5M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,343.7	+0.124%	$3.8M	$4.5M	40x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USD	+0.0042%	1h	4,340.5	+0.050%	$5.7M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,374.1	+0.825%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,338.8	+0.011%	$293.5M	$49.3M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,337.7	−0.015%	$15.1M	$56.9M	25x	as long as short
Kalshi KXGOLDPERP	+0.0051%	24h	4,339.3	+0.022%	$4.3M	$37.5M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,339.7	+0.032%	$2.1M	$4.8M	25x	as long as short
Bybit XAUUSDT	+0.0056%	4h	4,341.9	+0.082%	$80.5M	$151.4M	150x	as long as short
Hotstuff GOLD-PERP	+0.0072%	1h	4,339.7	+0.032%	$33K	—	25x	as long as short
Aster XAUUSD1	+0.0076%	4h	4,342.4	+0.094%	$71.4M	$332.4M	20x	as long as short
Paradex XAU-USD-PERP	+0.0083%	8h	4,341.1	+0.065%	$19K	$5K	5x	as long as short
Variational Omni XAU	+0.0087%	4h	4,342.7	+0.102%	$48.3M	$27.7M	—	as long as short
Pacifica XAU	+0.0100%	1h	4,338.2	−0.003%	$1.4M	$1.1M	10x	as long as short
MEXC XAU_USDT	+0.0100%	4h	4,341.4	+0.070%	$369.5M	$318.9M	1000x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,339.5	+0.027%	$274K	$203K	50x	as long as short
Binance XAUUSDT	+0.0102%	4h	4,341.3	+0.068%	$417.0M	$2.09B	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,340.7	+0.054%	$161K	$87	10x	as long as short
edgeX XAUUSDClong	+0.0113%	4h	4,338.3	long leg	$30.2M	$58.3M	50x
Phoenix GOLDshort	+0.0136%	1h	4,338.8	+0.011%	$47K	$77K	25x
GRVT XAU_USDT_Perp	+0.0174%	4h	4,343.4	+0.117%	$1.4M	$2.9M	25x	as long as short
Bullet GOLD-USD	+0.0213%	1h	4,341.6	+0.076%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0217%	1h	4,341.5	+0.073%	$4.3M	$2.0M	20x	as long as short
Bitget XAUUSDT	+0.0246%	4h	4,341.8	+0.080%	$71.1M	$109.4M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0257%	1h	4,339.7	+0.032%	$205K	$827K	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,338.3	0.000%	$592K	$132K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0318%	8h	4,342.3	+0.092%	$166.4M	$281.7M	100x	as long as short
Phemex XAUUSDT	+0.0347%	4h	4,344.6	+0.145%	$2.2M	$967K	100x	as long as short
BloFin XAU-USDT	+0.0361%	4h	4,343.1	+0.111%	$15.6M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0427% / S −0.0252%	1h	4,341.6	+0.076%	$250K	—	111x	as long as short
HTX XAU-USDT	+0.0555%	4h	4,347	+0.199%	$2.8M	$4.6M	75x	as long as short