Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0011%/8h= +1.2% APRpaid last 24h −0.004%

Price spread now: Phoenix against edgeX+0.007%7-day average — · you sell dearer than you buy

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

Long on edgeX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XAUUSDC	4,333.9	0.0117	pay 0.0058% / 4h	1h 45m	$30.3M	$67.7M	50x
Short	Phoenix GOLD	4,334.2	0.0127	get 0.0016% / 1h	45m 23s	$43K	$71K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.007%Rate

Funding earned: $2.24
Price spread: +0.007% → 0.000%: $0.72
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$13.04
Costs to cover: 0.160%
Break-even: 47.8 days

Slippage unknown: edgeX: live order book, 2 min ago; Phoenix: 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, 2 min ago	0.35 bp	4.8 bp −$5	4.9 bp −$49	7.7 bp −$774	33.5 bp −$16.7K
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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 exchanges

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	−3.2000%	1h	4,318.3	−0.360%	$32K	—	25x	as long as short
Bluefin GOLD-PERP	−0.0044%	1h	4,328.3	−0.130%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,339.4	+0.128%	$92K	$5.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	0.0000%	1h	4,330.7	−0.074%	$2.1M	$5.3M	25x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,333.5	−0.010%	$304K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.381%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,337.2	+0.076%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0041%	1h	4,333	−0.020%	$6.7M	$3.2M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,367.9	+0.785%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,331	−0.067%	$292.4M	$51.6M	25x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,330	−0.091%	$15.1M	$59.4M	25x	as long as short
Paradex XAU-USD-PERP	+0.0054%	8h	4,333.4	−0.012%	$2K	$13K	5x	as long as short
Aster XAUUSD1	+0.0056%	4h	4,336.3	+0.055%	$72.4M	$276.0M	20x	as long as short
Polymarket Perps GOLD-USD	+0.0071%	1h	4,334.1	+0.005%	$4.3M	$1.7M	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0073%	1h	4,333.1	−0.018%	$135K	$707K	25x	as long as short
Variational Omni XAU	+0.0074%	4h	4,333.5	−0.008%	$47.3M	$29.2M	—	as long as short
Gate XAU_USDT	+0.0078%	4h	4,335.8	+0.045%	$298.1M	$444.5M	100x	as long as short
Lighter XAU	+0.0080%	1h	4,332.9	−0.024%	$20.2M	$30.4M	25x	as long as short
Lighter RH XAU	+0.0088%	1h	4,335.5	+0.038%	$19.6M	$39.9M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0094%	4h	4,336.8	+0.067%	$1.4M	$3.1M	25x	as long as short
Binance XAUUSDT	+0.0094%	4h	4,334.7	+0.018%	$442.6M	$2.43B	100x	as long as short
MEXC XAU_USDT	+0.0096%	4h	4,334.8	+0.021%	$367.1M	$352.9M	1000x	as long as short
Pacifica XAU	+0.0100%	1h	4,329.9	−0.092%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,334.5	+0.014%	$284K	$223K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,333.2	−0.016%	$160K	$87	10x	as long as short
edgeX XAUUSDClong	+0.0117%	4h	4,333.9	long leg	$30.3M	$67.7M	50x
Extended XAU-USD	+0.0120%	1h	4,329.8	−0.093%	$12.5M	$34.6M	25x	as long as short
Bybit XAUUSDT	+0.0121%	4h	4,336.1	+0.052%	$82.5M	$172.5M	150x	as long as short
Phoenix GOLDshort	+0.0127%	1h	4,334.2	+0.007%	$43K	$71K	25x
Kalshi KXGOLDPERP	+0.0137%	24h	4,337	+0.072%	$3.5M	$51.1M	15x	as long as short
Bullet GOLD-USD	+0.0166%	1h	4,334.8	+0.022%	$59K	$76K	10x	as long as short
RISEx XAU/USDC	+0.0205%	1h	4,334.3	+0.008%	$4.7M	$13.2M	25x	as long as short
Bitget XAUUSDT	+0.0212%	4h	4,334.9	+0.024%	$72.8M	$139.6M	100x	as long as short
Phemex XAUUSDT	+0.0219%	4h	4,337.1	+0.073%	$2.3M	$784K	100x	as long as short
OKX XAU-USDT-SWAP	+0.0237%	8h	4,335.6	+0.039%	$170.7M	$361.9M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0253%	1h	4,331.7	−0.050%	$583K	$169K	25x	as long as short
BloFin XAU-USDT	+0.0338%	4h	4,337.1	+0.073%	$16.3M	$5.3M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0460% / S −0.0308%	1h	4,334.8	+0.022%	$253K	—	111x	as long as short
HTX XAU-USDT	+0.1083%	4h	4,341.5	+0.174%	$3.2M	$7.1M	75x	as long as short