Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0007%/8h= +0.8% APRpaid last 24h +0.009%

Price spread now: edgeX against Phoenix−0.059%7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.059% cheaper against Phoenix than usual: you would sell low and buy high, −$6 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix GOLD	4,358.9	0.0055	pay 0.0007% / 1h	56m 25s	$48K	$64K	25x
Short	edgeX XAUUSDC	4,356.3	0.0062	get 0.0031% / 4h	2h 56m	$30.3M	$60.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Phoenix. 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 PhoenixbpFee edgeXbpOrdersPrice spread, now −0.059%Rate

Funding earned: $1.54
Price spread: −0.059% → 0.000%: −$5.91
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$20.37
Costs to cover: 0.160%
Break-even: 99.5 days

Slippage unknown: Phoenix: no order-book sample; edgeX: live order book, 3 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 Phoenix no order-book sample	—	—	—	—	—
Sell edgeX live order book, 3 min ago	0.34 bp	4.8 bp −$5	4.9 bp −$49	7.6 bp −$760	36.7 bp −$18.3K

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	−0.0350%	1h	4,353.5	−0.123%	$26K	$22K	20x	as long as short
Aster XAUUSD1	0.0000%	4h	4,363.9	+0.114%	$68.5M	$252.2M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,364.9	+0.137%	$264.0M	$401.1M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,358.5	−0.009%	$4.1M	$36.5M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,365.8	+0.159%	$93K	$10.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,358.2	−0.015%	$269K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0016%	1h	4,357.3	−0.037%	$33K	—	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,360.3	+0.031%	$13.5M	$43.4M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.195%	$619	$54	52x	as long as short
Variational Omni XAU	+0.0040%	4h	4,362	+0.071%	$48.4M	$28.5M	—	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAU-USD	+0.0040%	1h	4,362	+0.071%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,396.2	+0.856%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,362.4	+0.080%	$20.6M	$43.2M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,358.7	−0.005%	$294.2M	$51.8M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,360.6	+0.040%	$14.9M	$57.3M	25x	as long as short
QFEX GOLD-USD	+0.0051%	1h	4,363.8	+0.112%	$5.6M	$1.9M	20x	as long as short
Polymarket Perps GOLD-USD	+0.0053%	1h	4,361.4	+0.057%	$4.3M	$1.8M	20x	as long as short
Phoenix GOLDlong	+0.0055%	1h	4,358.9	long leg	$48K	$64K	25x
Lighter RH XAU	+0.0056%	1h	4,364.8	+0.136%	$20.2M	$40.6M	25x	as long as short
MEXC XAU_USDT	+0.0062%	4h	4,362.7	+0.086%	$374.2M	$319.0M	1000x	as long as short
edgeX XAUUSDCshort	+0.0062%	4h	4,356.3	−0.059%	$30.3M	$60.0M	50x
Binance XAUUSDT	+0.0064%	4h	4,362.6	+0.084%	$411.6M	$2.11B	100x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,356.9	−0.046%	$2.0M	$5.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0088%	8h	4,363.2	+0.099%	$19K	$5K	5x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0094%	1h	4,358.7	−0.005%	$235K	$659K	25x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,360.4	+0.035%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,360.6	+0.039%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,358.5	−0.009%	$275K	$204K	50x	as long as short
Bitget XAUUSDT	+0.0116%	4h	4,363.2	+0.099%	$69.5M	$111.2M	100x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,363.8	+0.113%	$3.4M	$12.4M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0154%	4h	4,362.8	+0.089%	$1.4M	$3.1M	25x	as long as short
Bullet GOLD-USD	+0.0182%	1h	4,362.5	+0.083%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0203%	4h	4,364.2	+0.120%	$83.6M	$144.8M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0217%	8h	4,364.4	+0.126%	$164.3M	$286.6M	100x	as long as short
BloFin XAU-USDT	+0.0255%	4h	4,362.8	+0.088%	$15.4M	$4.6M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,358.2	−0.015%	$594K	$141K	25x	as long as short
Phemex XAUUSDT	+0.0317%	4h	4,365.3	+0.146%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0395% / S −0.0199%	1h	4,362.2	+0.075%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.0549%	4h	4,365.9	+0.161%	$2.9M	$3.9M	75x	as long as short