Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h +0.026%

Price spread now: edgeX against Injective−0.628%7-day average — · you buy dearer than you sell

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

Long on Injective Short on edgeX

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

Funding pays, the price is against you. edgeX is 0.628% cheaper against Injective than usual: you would sell low and buy high (spread −0.628% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$63 on $10k: about 25 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XAU/USDC PERP	4,350.4	0.0033	pay 0.0004% / 1h	33m 47s	$619	$54	52x
Short	edgeX XAUUSDC	4,323.1	0.0117	get 0.0059% / 4h	33m 47s	$30.1M	$59.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Injective. 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 InjectivebpFee edgeXbpOrdersPrice spread, now −0.628%Rate

Funding earned: $17.58
Price spread: −0.628% → 0.000%: −$62.84
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$54.29
Costs to cover: 0.090%
Break-even: 28.6 days

Slippage unknown: Injective: no order-book sample; edgeX: live order book, 5 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell edgeX live order book, 5 min ago	0.46 bp	5.0 bp −$5	5.0 bp −$50	8.3 bp −$834	37.3 bp −$18.7K

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	−0.0105%	1h	4,320.7	−0.684%	$25K	$1K	20x	as long as short
Hotstuff GOLD-PERP	−0.0096%	1h	4,322.4	−0.644%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,330.5	−0.458%	$92K	$7.3M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,322.7	−0.636%	$270K	—	250x	as long as short
Injective XAU/USDC PERPlong	+0.0033%	1h	4,350.4	long leg	$619	$54	52x
StandX XAU-USD	+0.0040%	1h	4,327.2	−0.534%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,324.6	−0.594%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,358.4	+0.183%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,322.6	−0.639%	$291.8M	$51.5M	25x	as long as short
Bybit XAUUSDT	+0.0050%	4h	4,327.1	−0.537%	$77.6M	$153.0M	150x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,321.7	−0.660%	$15.0M	$55.6M	25x	as long as short
Aster XAUUSD1	+0.0057%	4h	4,327.1	−0.536%	$72.9M	$272.0M	20x	as long as short
Lighter XAU	+0.0064%	1h	4,324.8	−0.588%	$20.5M	$29.2M	25x	as long as short
Paradex XAU-USD-PERP	+0.0066%	8h	4,324.8	−0.588%	$2K	$14K	5x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,322	−0.653%	$2.1M	$4.8M	25x	as long as short
Variational Omni XAU	+0.0089%	4h	4,324.9	−0.587%	$47.2M	$29.3M	—	as long as short
Kalshi KXGOLDPERP	+0.0092%	24h	4,327.8	−0.520%	$3.8M	$44.6M	15x	as long as short
Phoenix GOLD	+0.0096%	1h	4,323.8	−0.612%	$47K	$79K	25x	as long as short
MEXC XAU_USDT	+0.0098%	4h	4,326	−0.561%	$363.4M	$327.4M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0098%	4h	4,326.6	−0.548%	$1.4M	$3.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,322.1	−0.651%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,324.5	−0.596%	$272K	$208K	50x	as long as short
Binance XAUUSDT	+0.0101%	4h	4,326	−0.561%	$425.2M	$2.13B	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,325.8	−0.567%	$160K	$87	10x	as long as short
Gate XAU_USDT	+0.0106%	4h	4,328.1	−0.514%	$285.2M	$416.0M	100x	as long as short
edgeX XAUUSDCshort	+0.0117%	4h	4,323.1	−0.628%	$30.1M	$59.6M	50x
Lighter RH XAU	+0.0120%	1h	4,327.7	−0.522%	$20.0M	$39.1M	25x	as long as short
Extended XAU-USD	+0.0128%	1h	4,321.8	−0.657%	$13.2M	$36.8M	25x	as long as short
Bitget XAUUSDT	+0.0194%	4h	4,325.7	−0.569%	$70.1M	$118.6M	100x	as long as short
Bullet GOLD-USD	+0.0205%	1h	4,326.5	−0.551%	$58K	$81K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0213%	1h	4,325.2	−0.580%	$163K	$871K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0219%	1h	4,326.2	−0.557%	$4.3M	$1.9M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0228%	1h	4,324.1	−0.605%	$578K	$135K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0276%	8h	4,326.7	−0.545%	$173.8M	$299.0M	100x	as long as short
BloFin XAU-USDT	+0.0339%	4h	4,325.8	−0.567%	$16.4M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0361%	4h	4,328.9	−0.494%	$2.2M	$975K	100x	as long as short
HTX XAU-USDT	+0.0415%	4h	4,331.9	−0.427%	$3.2M	$5.9M	75x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,326.1	−0.558%	$253K	—	111x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,326.1	−0.559%	$4.6M	$13.3M	25x	as long as short