Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0078%/8h= +8.5% APRpaid last 24h +0.046%

Price spread now: edgeX against Kalshi+0.030%79s7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$230.227% of the position

Long on Kalshi Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.221%+$22 on $10k

Price spread, last 7 days+0.061%+$6 · spread now +0.030%, 7d avg +0.001%

Together, before fees+0.282%+ Points / potential airdropedgeX: Active · farm board+$28 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and edgeX is 0.029% dearer against Kalshi than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.001%. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXGOLDPERP	4,352	0.0034	pay 0.0102% / 24h	12h 14m	$4.1M	$36.1M	15x
Short	edgeX XAUUSDC	4,353.3	0.0112	get 0.0056% / 4h	2h 14m	$30.3M	$59.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Kalshi. 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 KalshibpFee edgeXbpOrdersPrice spread, now +0.030%Rate

Funding earned: $16.38
Price spread: +0.030% → +0.001%: $2.89
Slippage, 4 orders: −$3.66
Fee Kalshi: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$3.4
Costs to cover: 0.227%
Break-even: 8.5 days

Slippage from Kalshi: live order book, 5 min ago; edgeX: live order book, 5 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 Kalshi live order book, 5 min ago	0.12 bp	6.6 bp −$7	6.9 bp −$69	10.1 bp −$1,014	doesn't fit
Sell edgeX live order book, 5 min ago	0.34 bp	4.8 bp −$5	4.8 bp −$48	7.7 bp −$766	37.7 bp −$18.9K

XAU on 38 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
Gate XAU_USDT	0.0000%	4h	4,356.4	+0.102%	$263.4M	$413.8M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,358.7	+0.153%	$93K	$9.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,350.8	−0.028%	$269K	—	250x	as long as short
Extended XAU-USD	+0.0032%	1h	4,350.8	−0.029%	$13.5M	$41.8M	25x	as long as short
Hotstuff GOLD-PERP	+0.0032%	1h	4,350.7	−0.030%	$33K	—	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.036%	$619	$54	52x	as long as short
Kalshi KXGOLDPERPlong	+0.0034%	24h	4,352	long leg	$4.1M	$36.1M	15x
Aster XAUUSD1	+0.0035%	4h	4,355.4	+0.078%	$70.4M	$299.3M	20x	as long as short
StandX XAU-USD	+0.0040%	1h	4,358.7	+0.154%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,388.1	+0.830%	—	$1.0M	25x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	4,351.6	−0.009%	$294.1M	$48.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,350.9	−0.025%	$14.9M	$58.0M	25x	as long as short
QFEX GOLD-USD	+0.0051%	1h	4,353	+0.023%	$5.6M	$1.9M	20x	as long as short
Lighter XAU	+0.0056%	1h	4,353.5	+0.034%	$20.6M	$43.7M	25x	as long as short
Lighter RH XAU	+0.0064%	1h	4,356.6	+0.106%	$20.1M	$41.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,349.1	−0.067%	$2.0M	$5.0M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0075%	1h	4,353.4	+0.032%	$4.3M	$1.9M	20x	as long as short
Paradex XAU-USD-PERP	+0.0083%	8h	4,353.1	+0.026%	$19K	$5K	5x	as long as short
Variational Omni XAU	+0.0086%	4h	4,356	+0.093%	$48.2M	$28.1M	—	as long as short
Pacifica XAU	+0.0100%	1h	4,350.6	−0.032%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,358.5	+0.148%	$275K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,348	−0.093%	$25K	$14K	20x	as long as short
MEXC XAU_USDT	+0.0102%	4h	4,354.8	+0.064%	$375.9M	$323.9M	1000x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,353.9	+0.043%	$161K	$87	10x	as long as short
Binance XAUUSDT	+0.0104%	4h	4,354.7	+0.063%	$409.2M	$2.10B	100x	as long as short
edgeX XAUUSDCshort	+0.0112%	4h	4,353.3	+0.030%	$30.3M	$59.9M	50x
GRVT XAU_USDT_Perp	+0.0116%	4h	4,360	+0.184%	$1.4M	$2.9M	25x	as long as short
Phoenix GOLD	+0.0121%	1h	4,356.9	+0.113%	$48K	$64K	25x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,353.6	+0.036%	$3.4M	$12.4M	25x	as long as short
Bullet GOLD-USD	+0.0168%	1h	4,354.6	+0.060%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0180%	4h	4,356.3	+0.099%	$83.8M	$144.1M	150x	as long as short
Bitget XAUUSDT	+0.0184%	4h	4,355.6	+0.083%	$69.5M	$109.6M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0233%	1h	4,353.7	+0.039%	$250K	$679K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0238%	8h	4,356.8	+0.110%	$164.9M	$281.8M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,351.7	−0.007%	$593K	$139K	25x	as long as short
Phemex XAUUSDT	+0.0373%	4h	4,357.9	+0.136%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0391% / S −0.0197%	1h	4,355	+0.069%	$251K	—	111x	as long as short
HTX XAU-USDT	+0.0557%	4h	4,359.9	+0.182%	$2.9M	$3.9M	75x	as long as short