Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0143%/8h= +15.6% APRpaid last 24h +0.016%

Price spread now: GMX against edgeX+0.103%50s7-day average +0.169% · you sell dearer than you buy

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

Long on edgeX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.088%+$9 on $10k

Price spread, last 4 days (all we have)+0.144%+$14 · spread now +0.103%, 7d avg +0.169%

Together, before fees+0.232%+ Points / potential airdropedgeX: Active · farm board+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.066% cheaper against edgeX than usual: you would sell low and buy high (spread +0.103% now, against its 7-day average of +0.169%). If the spread goes back, that is −$7 on $10k: about 37 hours of funding at the current rate (+$4 a day). The two prices were read 50 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	edgeX XAUUSDC	4,337.2	0.0110	pay 0.0055% / 4h	3h 41m	$30.2M	$58.3M	50x
Short	GMX GOLD/USD [ETH-USDC]	4,341.6	L +0.0427% / S −0.0252%	get 0.0032% / 1h	41m 34s	$250K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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

Position, each leg$Hold fordaysFee edgeXbpFee GMXbpOrdersPrice spread, now +0.103%Rate

Funding earned: $29.97
Price spread: +0.103% → +0.169%: −$6.64
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: $2.33
Costs to cover: 0.210%
Break-even: 6.5 days

Slippage unknown: edgeX: live order book, 3 min ago; GMX: no order-book sample. 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 edgeX live order book, 3 min ago	0.34 bp	4.8 bp −$5	4.8 bp −$48	7.8 bp −$780	35.6 bp −$17.8K
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
Hotstuff GOLD-PERP	−0.0120%	1h	4,338.9	+0.040%	$33K	—	25x	as long as short
Bluefin GOLD-PERP	−0.0024%	1h	4,335.8	−0.032%	$25K	$14K	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,342.1	+0.114%	$267.7M	$413.7M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,345.8	+0.198%	$92K	$8.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,337.1	−0.001%	$271K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,339.9	+0.063%	$3.5M	$12.1M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,336.5	−0.016%	$13.3M	$37.9M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.306%	$619	$54	52x	as long as short
Lighter XAU	+0.0040%	1h	4,339.9	+0.062%	$20.8M	$34.5M	25x	as long as short
Lighter RH XAU	+0.0040%	1h	4,341.2	+0.093%	$20.0M	$39.3M	25x	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	4,343.7	+0.151%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,338.9	+0.040%	$5.7M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,374.1	+0.852%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,338.6	+0.033%	$293.5M	$49.3M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,337.2	+0.001%	$15.1M	$56.9M	25x	as long as short
Kalshi KXGOLDPERP	+0.0051%	24h	4,339.3	+0.049%	$4.3M	$37.5M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,339.7	+0.058%	$2.1M	$4.8M	25x	as long as short
Bybit XAUUSDT	+0.0059%	4h	4,341.6	+0.102%	$80.5M	$151.4M	150x	as long as short
Aster XAUUSD1	+0.0076%	4h	4,341.9	+0.108%	$71.4M	$332.3M	20x	as long as short
Paradex XAU-USD-PERP	+0.0083%	8h	4,340.4	+0.074%	$19K	$5K	5x	as long as short
Variational Omni XAU	+0.0087%	4h	4,342.7	+0.128%	$48.3M	$27.7M	—	as long as short
Pacifica XAU	+0.0100%	1h	4,337	−0.004%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,339.5	+0.054%	$274K	$203K	50x	as long as short
MEXC XAU_USDT	+0.0102%	4h	4,340.8	+0.084%	$369.5M	$319.1M	1000x	as long as short
Binance XAUUSDT	+0.0103%	4h	4,341.2	+0.093%	$416.9M	$2.09B	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,340.7	+0.081%	$161K	$87	10x	as long as short
edgeX XAUUSDClong	+0.0110%	4h	4,337.2	long leg	$30.2M	$58.3M	50x
Phoenix GOLD	+0.0136%	1h	4,338.8	+0.038%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0174%	4h	4,343.4	+0.144%	$1.4M	$2.9M	25x	as long as short
Bullet GOLD-USD	+0.0213%	1h	4,341.6	+0.103%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0217%	1h	4,341.5	+0.100%	$4.3M	$2.0M	20x	as long as short
Bitget XAUUSDT	+0.0246%	4h	4,340.6	+0.079%	$71.0M	$109.4M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0257%	1h	4,339.7	+0.058%	$205K	$827K	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,338.3	+0.027%	$592K	$132K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0318%	8h	4,341.7	+0.105%	$166.4M	$281.6M	100x	as long as short
Phemex XAUUSDT	+0.0347%	4h	4,344.6	+0.172%	$2.2M	$967K	100x	as long as short
BloFin XAU-USDT	+0.0361%	4h	4,343.1	+0.138%	$15.6M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]short	L +0.0427% / S −0.0252%	1h	4,341.6	+0.103%	$250K	—	111x
HTX XAU-USDT	+0.0555%	4h	4,347	+0.226%	$2.8M	$4.6M	75x	as long as short