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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.020%
Price spread now: edgeX against Coinbase International−0.101%77s7-day average −0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$230.226% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.348%−$35 on $10k
Price spread, last 3 days (all we have)−0.034%−$3 · spread now −0.101%, 7d avg −0.063%
Together, before fees−0.382%+ Points / potential airdropedgeX: Active · farm board−$38 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.038% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.101% now, against its 7-day average of −0.063%). If the spread goes back, that is −$4 on $10k: about 11 days of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.348%, so the current rate has only just turned in your favour. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International GOLD-PERP-INTX4,354.60.0072pay 0.0009% / 1h35m 59s$2.0M$5.0M25x
ShortedgeX XAUUSDC4,350.20.0084get 0.0042% / 4h2h 35m$30.3M$60.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Coinbase International. 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
$2.42
Price spread: −0.101% → −0.063%
−$3.8
Slippage, 4 orders
−$3.63
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$24.01
Costs to cover
0.226%
Break-even
76.5 days
Slippage from Coinbase International: live order book, 3 min ago; edgeX: live order book, 3 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 Coinbase International live order book, 3 min ago0.12 bp7.8 bp −$89.5 bp −$9549.2 bp −$4,915doesn't fit
Sell edgeX live order book, 3 min ago0.12 bp4.6 bp −$54.6 bp −$467.4 bp −$74236.5 bp −$18.3K

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
Bluefin GOLD-PERP−0.0317%1h4,349.8−0.109%$25K$14K20xas long as short
Aster XAUUSD10.0000%4h4,359+0.100%$70.2M$293.2M20xas long as short
Gate XAU_USDT0.0000%4h4,360.1+0.127%$263.5M$408.4M100xas long as short
Kalshi KXGOLDPERP0.0000%24h4,354.2−0.009%$4.1M$36.6M15xas long as short
SunX XAU-USDT0.0000%4h4,361.3+0.153%$93K$9.7M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,353.5−0.025%$270K250xas long as short
Extended XAU-USD+0.0032%1h4,354.5−0.001%$13.6M$43.0M25xas long as short
Hotstuff GOLD-PERP+0.0032%1h4,352.8−0.041%$33K25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.096%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,356+0.032%$3.8M$4.7M40xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest GC-PERP+0.0046%1h4,390.7+0.829%$1.0M25xas long as short
Lighter XAU+0.0048%1h4,356.9+0.052%$20.7M$43.5M25xas long as short
Lighter RH XAU+0.0048%1h4,359.2+0.104%$20.1M$40.8M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,354.7+0.002%$294.1M$48.4M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,354.3−0.006%$14.9M$57.8M25xas long as short
QFEX GOLD-USD+0.0051%1h4,356.7+0.048%$5.6M$1.9M20xas long as short
Polymarket Perps GOLD-USD+0.0060%1h4,356.4+0.041%$4.3M$1.9M20xas long as short
Variational Omni XAU+0.0069%4h4,356.5+0.044%$48.3M$28.4Mas long as short
Coinbase International GOLD-PERP-INTXlong+0.0072%1h4,354.6long leg$2.0M$5.0M25x
Paradex XAU-USD-PERP+0.0083%8h4,357+0.056%$19K$5K5xas long as short
edgeX XAUUSDCshort+0.0084%4h4,350.2−0.101%$30.3M$60.6M50x
MEXC XAU_USDT+0.0084%4h4,358.2+0.084%$373.8M$322.3M1000xas long as short
Binance XAUUSDT+0.0086%4h4,358.9+0.099%$409.7M$2.10B100xas long as short
Pacifica XAU+0.0100%1h4,352.7−0.044%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,353.9−0.017%$275K$204K50xas long as short
Aevo XAU-PERP+0.0104%1h4,356.4+0.040%$161K$8710xas long as short
Phoenix GOLD+0.0121%1h4,355.1+0.011%$48K$64K25xas long as short
RISEx XAU/USDC+0.0135%1h4,357+0.055%$3.4M$12.4M25xas long as short
GRVT XAU_USDT_Perp+0.0136%4h4,357.5+0.066%$1.4M$2.9M25xas long as short
Bitget XAUUSDT+0.0152%4h4,358.8+0.096%$69.2M$109.7M100xas long as short
Bullet GOLD-USD+0.0156%1h4,357.4+0.065%$59K$83K10xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0186%1h4,356.3+0.039%$234K$661K25xas long as short
Bybit XAUUSDT+0.0190%4h4,360.2+0.129%$84.2M$143.7M150xas long as short
OKX XAU-USDT-SWAP+0.0226%8h4,360.4+0.133%$165.0M$284.3M100xas long as short
Kraken Futures PF_XAUUSD+0.0269%1h4,354.9+0.006%$594K$141K25xas long as short
BloFin XAU-USDT+0.0286%4h4,364.8+0.234%$15.5M$4.6M100xas long as short
Phemex XAUUSDT+0.0381%4h4,361.1+0.149%$2.2M$1.1M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0394% / S −0.0199%1h4,357.1+0.058%$253K111xas long as short
HTX XAU-USDT+0.0523%4h4,362.7+0.186%$2.9M$3.9M75xas long as short