Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0016%/8hnext payment +$0.08 per $10,000 · paid last 24h +0.003%

Price spread now: edgeX against Binance−0.078%80s7-day average −0.115% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as 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−$200.197% of the position

Long on Binance Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 1 day (all we have)−0.072%−$7 · spread now −0.078%, 7d avg −0.115%

Together, before fees−0.050%+ Points / potential airdropedgeX: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and edgeX is 0.037% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.115%. The two prices were read 80 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	Binance XAUUSDT	4,355.4	0.0140	pay 0.0070% / 4h	22m 12s	$415.2M	$2.07B	100x
Short	edgeX XAUUSDC	4,352	0.0156	get 0.0078% / 4h	22m 12s	$30.3M	$56.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Binance. 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 BinancebpFee edgeXbpOrdersPrice spread, now −0.078%Rate

Funding earned: $3.45
Price spread: −0.078% → −0.115%: $3.68
Slippage, 4 orders: −$0.71
Fee Binance: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$12.59
Costs to cover: 0.197%
Break-even: 32.5 days

Slippage from Binance: live order book, 11 min ago; edgeX: 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 Binance live order book, 11 min ago	0.01 bp	5.0 bp −$5	5.5 bp −$55	7.8 bp −$776	doesn't fit
Sell edgeX live order book, 1 min ago	0.34 bp	4.8 bp −$5	4.9 bp −$49	8.1 bp −$812	38.8 bp −$19.4K

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	4,360.2	+0.111%	$93K	$11.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,352.8	−0.061%	$267K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.114%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0034%	24h	4,354.9	−0.011%	$4.0M	$32.3M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,356.2	+0.019%	$3.8M	$4.4M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,390.7	+0.811%	—	$995K	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,352.9	−0.057%	$294.1M	$51.5M	25x	as long as short
QFEX GOLD-USD	+0.0050%	1h	4,354.8	−0.014%	$5.5M	$1.8M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,351.8	−0.083%	$14.9M	$51.2M	25x	as long as short
Paradex XAU-USD-PERP	+0.0069%	8h	4,356.6	+0.028%	$19K	$6K	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XAU_USDT	+0.0070%	4h	4,357.4	+0.045%	$273.6M	$406.5M	100x	as long as short
Lighter XAU	+0.0072%	1h	4,355.2	−0.005%	$20.8M	$46.2M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,353.9	−0.034%	$2.0M	$5.2M	25x	as long as short
RISEx XAU/USDC	+0.0100%	1h	4,356.4	+0.023%	$3.6M	$12.3M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,353.5	−0.043%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,352	−0.079%	$273K	$203K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,350.2	−0.120%	$26K	$21K	20x	as long as short
Hotstuff GOLD-PERP	+0.0104%	1h	4,353.4	−0.046%	$33K	—	25x	as long as short
Extended XAU-USD	+0.0112%	1h	4,352.6	−0.064%	$13.2M	$51.2M	25x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,356	+0.014%	$161K	$87	10x	as long as short
Bullet GOLD-USD	+0.0113%	1h	4,356	+0.014%	$59K	$77K	10x	as long as short
Variational Omni XAU	+0.0134%	4h	4,355.3	−0.002%	$47.7M	$34.5M	—	as long as short
MEXC XAU_USDT	+0.0138%	4h	4,355.3	−0.002%	$379.2M	$334.4M	1000x	as long as short
Binance XAUUSDTlong	+0.0140%	4h	4,355.4	long leg	$415.2M	$2.07B	100x
Aster XAUUSD1	+0.0147%	4h	4,356.1	+0.016%	$70.3M	$240.4M	20x	as long as short
Phoenix GOLD	+0.0151%	1h	4,353.7	−0.039%	$43K	$64K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0156%	4h	4,356	+0.014%	$1.4M	$3.4M	25x	as long as short
edgeX XAUUSDCshort	+0.0156%	4h	4,352	−0.078%	$30.3M	$56.7M	50x
Lighter RH XAU	+0.0160%	1h	4,357.8	+0.056%	$20.4M	$44.8M	25x	as long as short
Bybit XAUUSDT	+0.0172%	4h	4,356.3	+0.020%	$84.0M	$140.1M	150x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0186%	1h	4,354.8	−0.014%	$222K	$959K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0198%	1h	4,356.7	+0.030%	$4.4M	$2.3M	20x	as long as short
Bitget XAUUSDT	+0.0268%	4h	4,355.2	−0.004%	$69.0M	$109.3M	100x	as long as short
HTX XAU-USDT	+0.0283%	4h	4,358.3	+0.068%	$2.8M	$3.6M	75x	as long as short
OKX XAU-USDT-SWAP	+0.0313%	8h	4,356.9	+0.035%	$158.2M	$269.0M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0328%	1h	4,354.3	−0.025%	$588K	$108K	25x	as long as short
Phemex XAUUSDT	+0.0339%	4h	4,358.4	+0.068%	$2.2M	$1.1M	100x	as long as short
BloFin XAU-USDT	+0.0380%	4h	4,356	+0.014%	$14.9M	$4.2M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0457% / S −0.0291%	1h	4,356	+0.015%	$251K	—	111x	as long as short