Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0047%/8h= −5.2% APRpaid last 24h −0.020%

Price spread now: QFEX against edgeX+0.007%7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$210.213% of the position

Long on edgeX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.081%−$8 on $10k

Price spread, last 7 days−0.015%−$1 · spread now +0.007%, 7d avg +0.065%

Together, before fees−0.096%+ Points / potential airdropedgeX: Active · farm board−$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and QFEX is 0.058% cheaper against edgeX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.065%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XAUUSDC	4,323.4	0.0089	pay 0.0045% / 4h	57m 29s	$30.2M	$66.2M	50x
Short	QFEX GOLD-USD	4,323.7	0.0042	get 0.0005% / 1h	57m 29s	$6.7M	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$9.96
Price spread: +0.007% → +0.065%: −$5.79
Slippage, 4 orders: −$2.3
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$37.05
Costs to cover: 0.213%
Break-even: never at this rate

Slippage from edgeX: live order book, 5 min ago; QFEX: live order book, 5 min ago.

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, 5 min ago	0.12 bp	4.8 bp −$5	4.9 bp −$49	7.6 bp −$764	35.1 bp −$17.5K
Sell QFEX live order book, 5 min ago	0.81 bp	5.8 bp −$6	5.8 bp −$58	8.1 bp −$815	doesn't fit

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	−0.0096%	1h	4,321.9	−0.034%	$35K	$3K	25x	as long as short
Coinbase International GOLD-PERP-INTX	−0.0032%	1h	4,321.5	−0.044%	$2.1M	$5.0M	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,329.7	+0.146%	$92K	$5.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0002%	1h	4,321.6	−0.040%	$307K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.625%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,326.5	+0.072%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USDshort	+0.0042%	1h	4,323.7	+0.007%	$6.7M	$3.3M	20x
Aster XAUUSD1	+0.0042%	4h	4,326.1	+0.064%	$71.5M	$276.6M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,358.1	+0.803%	—	$1.0M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,320.7	−0.061%	$15.2M	$59.3M	25x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XAU-USD-PERP	+0.0055%	8h	4,323.6	+0.006%	$2K	$13K	5x	as long as short
RISEx XAU/USDC	+0.0062%	1h	4,324.5	+0.027%	$4.6M	$13.3M	25x	as long as short
Variational Omni XAU	+0.0066%	4h	4,327.9	+0.104%	$47.2M	$27.9M	—	as long as short
Gate XAU_USDT	+0.0068%	4h	4,326.4	+0.069%	$299.2M	$430.8M	100x	as long as short
Lighter XAU	+0.0080%	1h	4,323.1	−0.007%	$20.1M	$29.9M	25x	as long as short
MEXC XAU_USDT	+0.0080%	4h	4,324.7	+0.029%	$362.4M	$347.7M	1000x	as long as short
Binance XAUUSDT	+0.0081%	4h	4,324.9	+0.035%	$440.9M	$2.42B	100x	as long as short
edgeX XAUUSDClong	+0.0089%	4h	4,323.4	long leg	$30.2M	$66.2M	50x
GRVT XAU_USDT_Perp	+0.0090%	4h	4,329.2	+0.135%	$1.4M	$3.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,321.9	−0.034%	$1.4M	$1.4M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,325.8	+0.055%	$287K	$227K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,321.5	−0.043%	$25K	$1K	20x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,324.5	+0.026%	$160K	$87	10x	as long as short
tradeXYZ xyz:GOLD	+0.0106%	1h	4,321.9	−0.034%	$292.0M	$51.9M	25x	as long as short
Phoenix GOLD	+0.0127%	1h	4,327.4	+0.093%	$43K	$71K	25x	as long as short
Lighter RH XAU	+0.0144%	1h	4,326.5	+0.072%	$19.5M	$38.9M	25x	as long as short
Kalshi KXGOLDPERP	+0.0145%	24h	4,326.6	+0.074%	$3.5M	$51.5M	15x	as long as short
Bybit XAUUSDT	+0.0154%	4h	4,326.2	+0.066%	$83.0M	$166.9M	150x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0190%	1h	4,323.7	+0.007%	$135K	$659K	25x	as long as short
Extended XAU-USD	+0.0192%	1h	4,320.1	−0.075%	$12.5M	$34.2M	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0197%	1h	4,322.9	−0.010%	$582K	$166K	25x	as long as short
Bitget XAUUSDT	+0.0198%	4h	4,325.5	+0.048%	$73.0M	$140.3M	100x	as long as short
Phemex XAUUSDT	+0.0201%	4h	4,328.4	+0.115%	$2.3M	$733K	100x	as long as short
Polymarket Perps GOLD-USD	+0.0220%	1h	4,325.1	+0.040%	$4.3M	$1.7M	20x	as long as short
Bullet GOLD-USD	+0.0225%	1h	4,325.9	+0.057%	$59K	$77K	10x	as long as short
OKX XAU-USDT-SWAP	+0.0226%	8h	4,325.4	+0.047%	$171.0M	$361.6M	100x	as long as short
BloFin XAU-USDT	+0.0322%	4h	4,327.3	+0.089%	$16.5M	$5.2M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0426% / S −0.0258%	1h	4,326	+0.060%	$253K	—	111x	as long as short
HTX XAU-USDT	+0.1028%	4h	4,332.5	+0.210%	$3.2M	$7.1M	75x	as long as short