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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0127%/8h= +13.9% APRnext payment +$0.64 per $10,000 · paid last 24h +0.025%
Price spread now: Bitget against edgeX+0.022%7-day average +0.112% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$220.222% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.046%+$5 on $10k
Price spread, last 7 days+0.003%$0 · spread now +0.022%, 7d avg +0.112%
Together, before fees+0.049%+ Points / potential airdropedgeX: Active · farm board+$5 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bitget is 0.090% cheaper against edgeX than usual: you would sell low and buy high (spread +0.022% now, against its 7-day average of +0.112%). If the spread goes back, that is −$9 on $10k: about 2.4 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.046% in total) that is about 14 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX XAUUSDC4,331.70.0121pay 0.0060% / 4h2h 05m$30.1M$60.5M50x
ShortBitget XAUUSDT4,332.60.0248get 0.0124% / 4h2h 05m$68.1M$118.9M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against edgeX. 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
$26.68
Price spread: +0.022% → +0.112%
−$8.97
Slippage, 4 orders
−$1.19
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$4.48
Costs to cover
0.222%
Break-even
8.2 days
Slippage from edgeX: live order book, 4 min ago; Bitget: live order book, 4 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 edgeX live order book, 4 min ago0.23 bp4.7 bp −$54.7 bp −$478.2 bp −$82236.7 bp −$18.4K
Sell Bitget live order book, 4 min ago0.01 bp6.1 bp −$67.3 bp −$7312.0 bp −$1,204doesn't fit

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%4h4,336.1+0.102%$92K$8.1M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,329.4−0.053%$271K250xas long as short
Bybit XAUUSDT+0.0004%4h4,333.2+0.036%$78.4M$156.4M150xas long as short
Extended XAU-USD+0.0032%1h4,329.2−0.058%$13.1M$36.7M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.433%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,337.3+0.130%$3.8M$4.5M40xas long as short
QFEX GOLD-USD+0.0044%1h4,332.6+0.022%$5.4M$2.1M20xas long as short
Vest GC-PERP+0.0046%1h4,366.4+0.802%$1.0M25xas long as short
Lighter XAU+0.0048%1h4,331.70.000%$20.4M$31.8M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,329.7−0.045%$292.0M$51.6M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps XAU-USD.P+0.0050%1h4,329.5−0.050%$15.0M$56.4M25xas long as short
RISEx XAU/USDC+0.0054%1h4,334.5+0.066%$3.8M$12.5M25xas long as short
Gate XAU_USDT+0.0062%4h4,334.6+0.068%$270.9M$419.3M100xas long as short
Kalshi KXGOLDPERP+0.0064%24h4,334.5+0.066%$4.0M$42.3M15xas long as short
Paradex XAU-USD-PERP+0.0070%8h4,333.5+0.042%$19K$5K5xas long as short
Lighter RH XAU+0.0072%1h4,334+0.053%$19.9M$39.0M25xas long as short
Hotstuff GOLD-PERP+0.0072%1h4,330.5−0.027%$32K25xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,332+0.008%$2.0M$4.8M25xas long as short
Aster XAUUSD1+0.0093%4h4,333.9+0.052%$72.4M$329.7M20xas long as short
GRVT XAU_USDT_Perp+0.0098%4h4,336.1+0.102%$1.4M$3.0M25xas long as short
Pacifica XAU+0.0100%1h4,330.2−0.034%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,333.2+0.034%$273K$208K50xas long as short
Bluefin GOLD-PERP+0.0100%1h4,326.7−0.114%$25K$14K20xas long as short
Variational Omni XAU+0.0101%4h4,334.6+0.068%$46.8M$28.7Mas long as short
Binance XAUUSDT+0.0109%4h4,332.9+0.029%$414.2M$2.12B100xas long as short
MEXC XAU_USDT+0.0110%4h4,332.9+0.029%$363.6M$331.2M1000xas long as short
Aevo XAU-PERP+0.0112%1h4,332.5+0.020%$160K$8710xas long as short
edgeX XAUUSDClong+0.0121%4h4,331.7long leg$30.1M$60.5M50x
Phoenix GOLD+0.0127%1h4,332.8+0.026%$47K$77K25xas long as short
Bullet GOLD-USD+0.0159%1h4,333.1+0.033%$59K$82K10xas long as short
Polymarket Perps GOLD-USD+0.0175%1h4,333+0.031%$4.2M$2.0M20xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0212%1h4,331.3−0.008%$195K$826K25xas long as short
HTX XAU-USDT+0.0222%4h4,336.6+0.114%$2.8M$5.0M75xas long as short
Kraken Futures PF_XAUUSD+0.0247%1h4,329.6−0.047%$590K$130K25xas long as short
Bitget XAUUSDTshort+0.0248%4h4,332.6+0.022%$68.1M$118.9M100x
OKX XAU-USDT-SWAP+0.0328%8h4,333+0.031%$170.5M$297.2M100xas long as short
Phemex XAUUSDT+0.0370%4h4,334.2+0.059%$2.2M$962K100xas long as short
BloFin XAU-USDT+0.0381%4h4,332.4+0.016%$16.0M$4.5M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0461% / S −0.0304%1h4,332.9+0.029%$253K111xas long as short