Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0079%/8h= −8.7% APRpaid last 24h −0.005%

Price spread now: RISEx against edgeX+0.129%7-day average +0.105% · 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−$13as in the Price arb table

costs, in and out, $10k−$160.158% of the position

Long on edgeX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.001%$0 on $10k

Price spread, last 7 days−0.101%−$10 · spread now +0.129%, 7d avg +0.105%

Together, before fees−0.103%+ Points / potential airdropedgeX: Active · farm board−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. RISEx is 0.024% dearer against edgeX than usual: you sell high and buy low (spread +0.129% now, against its 7-day average of +0.105%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 4 days (−0.001% in total) that is about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XAUUSDC	4,351.8	0.0090	pay 0.0045% / 4h	1h 23m	$30.3M	$58.4M	50x
Short	RISEx XAU/USDC	4,357.4	0.0010	get 0.0001% / 1h	23m 10s	$3.4M	$12.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.129%Rate

Funding earned: −$16.64
Price spread: +0.129% → +0.105%: $2.43
Slippage, 4 orders: −$0.8
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$30
Costs to cover: 0.158%
Break-even: never at this rate

Slippage from edgeX: live order book, 1 min ago; RISEx: live order book, 1 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, 1 min ago	0.34 bp	4.8 bp −$5	4.8 bp −$48	7.4 bp −$742	36.8 bp −$18.4K
Sell RISEx live order book, 1 min ago	0.01 bp	3.1 bp −$3	3.9 bp −$39	41.0 bp −$4,100	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
SunX XAU-USDT	0.0000%	4h	4,362.3	+0.242%	$93K	$9.2M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,354.6	+0.064%	$267K	—	250x	as long as short
Gate XAU_USDT	+0.0006%	4h	4,359.9	+0.187%	$264.7M	$413.3M	100x	as long as short
RISEx XAU/USDCshort	+0.0010%	1h	4,357.4	+0.129%	$3.4M	$12.4M	25x
Extended XAU-USD	+0.0032%	1h	4,354.3	+0.058%	$13.6M	$38.9M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.031%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0039%	24h	4,355.3	+0.081%	$4.1M	$37.0M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,359.3	+0.173%	$3.8M	$4.6M	40x	as long as short
Aster XAUUSD1	+0.0043%	4h	4,358.4	+0.152%	$70.6M	$333.9M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,391.3	+0.909%	—	$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
QFEX GOLD-USD	+0.0046%	1h	4,357	+0.120%	$5.6M	$1.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,355.7	+0.091%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,355.5	+0.086%	$294.2M	$48.7M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,353.8	+0.046%	$15.1M	$57.2M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0054%	4h	4,357.1	+0.123%	$1.4M	$3.0M	25x	as long as short
Lighter XAU	+0.0056%	1h	4,357.6	+0.135%	$20.7M	$42.3M	25x	as long as short
Variational Omni XAU	+0.0057%	4h	4,355.6	+0.089%	$48.3M	$27.9M	—	as long as short
Lighter RH XAU	+0.0064%	1h	4,359.8	+0.186%	$20.2M	$39.7M	25x	as long as short
MEXC XAU_USDT	+0.0072%	4h	4,358.6	+0.158%	$373.6M	$319.2M	1000x	as long as short
Binance XAUUSDT	+0.0073%	4h	4,358.5	+0.155%	$412.1M	$2.10B	100x	as long as short
Paradex XAU-USD-PERP	+0.0080%	8h	4,357.8	+0.139%	$19K	$5K	5x	as long as short
edgeX XAUUSDClong	+0.0090%	4h	4,351.8	long leg	$30.3M	$58.4M	50x
Aevo XAU-PERP	+0.0096%	1h	4,357.1	+0.123%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,354.4	+0.061%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,354.7	+0.068%	$275K	$203K	50x	as long as short
Hotstuff GOLD-PERP	+0.0104%	1h	4,354.5	+0.063%	$33K	—	25x	as long as short
Phemex XAUUSDT	+0.0123%	4h	4,358.8	+0.161%	$2.2M	$1.1M	100x	as long as short
Polymarket Perps GOLD-USD	+0.0123%	1h	4,357	+0.120%	$4.3M	$1.9M	20x	as long as short
Phoenix GOLD	+0.0136%	1h	4,356.1	+0.100%	$48K	$77K	25x	as long as short
Bybit XAUUSDT	+0.0199%	4h	4,360	+0.190%	$84.5M	$145.4M	150x	as long as short
Bullet GOLD-USD	+0.0199%	1h	4,358	+0.143%	$60K	$83K	10x	as long as short
Bitget XAUUSDT	+0.0212%	4h	4,359.2	+0.170%	$70.3M	$109.4M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0253%	8h	4,359.8	+0.185%	$165.3M	$282.9M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0255%	1h	4,357.3	+0.127%	$278K	$727K	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,354.8	+0.070%	$594K	$133K	25x	as long as short
BloFin XAU-USDT	+0.0292%	4h	4,358.7	+0.158%	$15.6M	$4.6M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0401% / S −0.0214%	1h	4,358.4	+0.153%	$249K	—	111x	as long as short
Bluefin GOLD-PERP	+0.0419%	1h	4,351.8	+0.001%	$25K	$14K	20x	as long as short
HTX XAU-USDT	+0.0568%	4h	4,363.4	+0.268%	$2.9M	$4.2M	75x	as long as short