Settings8H · net · $10k
Funding arb · Price arb /

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC−0.0022%/8h= −2.4% APRnext payment $0.11 per $10,000 · paid last 24h +0.007%
Price spread now: edgeX against Bybit+0.030%71s7-day average −0.126% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$210.208% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.039%+$4 on $10k
Price spread, last 7 days−0.072%−$7 · spread now +0.030%, 7d avg −0.126%
Together, before fees−0.033%+ Points / potential airdropedgeX: Active · farm board−$3 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.156% dearer against Bybit than usual: you sell high and buy low (spread +0.030% now, against its 7-day average of −0.126%): +$16 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 24 days. The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit XAUUSDT4,324.30.0145pay 0.0072% / 4h2h 54m$81.5M$170.3M150x
ShortedgeX XAUUSDC4,325.60.0123get 0.0061% / 4h2h 54m$30.2M$65.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Bybit. 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

Funding earned
−$4.63
Price spread: +0.030% → −0.126%
$15.57
Slippage, 4 orders
−$0.78
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$9.84
Costs to cover
0.208%
Break-even
never at this rate
Slippage from Bybit: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 5 min ago0.01 bp5.5 bp −$65.8 bp −$5812.9 bp −$1,29147.8 bp −$23.9K
Sell edgeX live order book, 5 min ago0.12 bp4.8 bp −$54.8 bp −$488.1 bp −$81336.4 bp −$18.2K

XAU on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX XAU-USDT0.0000%4h4,328.8+0.104%$92K$6.5M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,330.7+0.148%$275K250xas long as short
Coinbase International GOLD-PERP-INTX+0.0024%1h4,325.1+0.019%$2.0M$5.2M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.604%$619$5452xas long as short
QFEX GOLD-USD+0.0038%1h4,321.5−0.065%$6.6M$3.0M20xas long as short
StandX XAU-USD+0.0040%1h4,328.5+0.097%$3.8M$4.5M40xas long as short
Vest GC-PERP+0.0046%1h4,355.4+0.719%$1.0M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,319.9−0.102%$291.8M$54.8M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,318.2−0.141%$15.1M$57.4M25xas long as short
RISEx XAU/USDC+0.0056%1h4,323.3−0.023%$4.6M$13.5M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex XAU-USD-PERP+0.0058%8h4,321.6−0.062%$2K$13K5xas long as short
Aster XAUUSD1+0.0059%4h4,324.2−0.003%$74.3M$273.2M20xas long as short
Hotstuff GOLD-PERP+0.0080%1h4,319.7−0.106%$32K25xas long as short
Extended XAU-USD+0.0088%1h4,318.3−0.138%$12.7M$35.7M25xas long as short
Variational Omni XAU+0.0094%4h4,326.7+0.055%$47.1M$29.9Mas long as short
Phoenix GOLD+0.0095%1h4,328.1+0.088%$43K$72K25xas long as short
Lighter RH XAU+0.0096%1h4,323.9−0.010%$19.9M$38.6M25xas long as short
Pacifica XAU+0.0100%1h4,319.1−0.120%$1.4M$1.3M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,327.6+0.076%$284K$232K50xas long as short
Lighter XAU+0.0104%1h4,321.5−0.064%$20.1M$29.4M25xas long as short
Gate XAU_USDT+0.0106%4h4,325+0.015%$302.2M$430.2M100xas long as short
Aevo XAU-PERP+0.0112%1h4,323.5−0.019%$160K$8710xas long as short
MEXC XAU_USDT+0.0114%4h4,323.3−0.022%$352.0M$348.6M1000xas long as short
Binance XAUUSDT+0.0116%4h4,323.2−0.026%$435.2M$2.36B100xas long as short
Polymarket Perps GOLD-USD+0.0119%1h4,322.6−0.039%$4.3M$1.7M20xas long as short
Kalshi KXGOLDPERP+0.0121%24h4,326.4+0.049%$3.5M$48.6M15xas long as short
edgeX XAUUSDCshort+0.0123%4h4,325.6+0.030%$30.2M$65.1M50x
GRVT XAU_USDT_Perp+0.0130%4h4,329.2+0.114%$1.4M$3.0M25xas long as short
Bybit XAUUSDTlong+0.0145%4h4,324.3long leg$81.5M$170.3M150x
Deribit GOLD_USDC-PERPETUAL+0.0167%1h4,321.9−0.055%$134K$783K25xas long as short
Bullet GOLD-USD+0.0190%1h4,322.9−0.033%$58K$77K10xas long as short
Bitget XAUUSDT+0.0196%4h4,323−0.030%$71.5M$133.0M100xas long as short
OKX XAU-USDT-SWAP+0.0244%8h4,323.8−0.011%$170.6M$356.2M100xas long as short
BloFin XAU-USDT+0.0356%4h4,325+0.017%$16.2M$5.5M100xas long as short
Kraken Futures PF_XAUUSD+0.0412%1h4,321.6−0.062%$582K$150K25xas long as short
Phemex XAUUSDT+0.0427%4h4,327+0.062%$2.2M$961K100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0460% / S −0.0306%1h4,324.8+0.011%$252K111xas long as short
HTX XAU-USDT+0.1110%4h4,330.9+0.153%$3.2M$7.0M75xas long as short
Bluefin GOLD-PERP+0.3386%1h4,316.7−0.176%$25K$1K20xas long as short