Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0039%/8h= +4.3% APRpaid last 24h +0.013%

Price spread now: edgeX against Extended+0.160%73s7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$5as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$160.157% of the position

Long on Extended Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.111%+$11 on $10k

Price spread, last 7 days−0.138%−$14 · spread now +0.160%, 7d avg −0.012%

Together, before fees−0.026%+ Points / potential airdropExtended: Active · edgeX: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and edgeX is 0.173% dearer against Extended than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.012%. The two prices were read 73 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	Extended XAU-USD	4,323.2	0.0088	pay 0.0011% / 1h	56m 07s	$12.7M	$35.8M	25x
Short	edgeX XAUUSDC	4,330.2	0.0127	get 0.0063% / 4h	2h 56m	$30.3M	$64.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Extended. 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 ExtendedbpFee edgeXbpOrdersPrice spread, now +0.160%Rate

Funding earned: $8.19
Price spread: +0.160% → −0.012%: $17.28
Slippage, 4 orders: −$1.74
Fee Extended: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $9.72
Costs to cover: 0.157%
Break-even: from the start

Slippage from Extended: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 3 min ago	0.12 bp	2.6 bp −$3	3.6 bp −$36	7.0 bp −$698	26.4 bp −$13.2K
Sell edgeX live order book, 3 min ago	0.12 bp	4.8 bp −$5	4.8 bp −$48	8.1 bp −$813	36.4 bp −$18.2K

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
SunX XAU-USDT	0.0000%	4h	4,331.3	+0.186%	$92K	$6.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,330.7	+0.172%	$275K	—	250x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0024%	1h	4,325.1	+0.043%	$2.0M	$5.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.629%	$619	$54	52x	as long as short
QFEX GOLD-USD	+0.0038%	1h	4,326.9	+0.085%	$6.6M	$3.0M	20x	as long as short
StandX XAU-USD	+0.0040%	1h	4,332.7	+0.219%	$3.8M	$4.5M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,360.5	+0.862%	—	$1.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0048%	1h	4,326.2	+0.069%	$32K	—	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,324.1	+0.020%	$292.1M	$55.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,323.6	+0.009%	$15.1M	$57.4M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx XAU/USDC	+0.0056%	1h	4,329	+0.133%	$4.6M	$13.6M	25x	as long as short
Paradex XAU-USD-PERP	+0.0058%	8h	4,327	+0.086%	$2K	$13K	5x	as long as short
Aster XAUUSD1	+0.0059%	4h	4,328	+0.109%	$74.4M	$273.1M	20x	as long as short
Extended XAU-USDlong	+0.0088%	1h	4,323.2	long leg	$12.7M	$35.8M	25x
Variational Omni XAU	+0.0093%	4h	4,332	+0.202%	$47.2M	$30.1M	—	as long as short
Phoenix GOLD	+0.0095%	1h	4,333.5	+0.237%	$43K	$67K	25x	as long as short
Lighter RH XAU	+0.0096%	1h	4,329.2	+0.139%	$19.8M	$38.5M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,323.7	+0.011%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,330	+0.156%	$284K	$232K	50x	as long as short
Lighter XAU	+0.0104%	1h	4,326.5	+0.076%	$20.2M	$29.3M	25x	as long as short
Gate XAU_USDT	+0.0104%	4h	4,329.4	+0.143%	$302.8M	$429.0M	100x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,327.2	+0.091%	$160K	$87	10x	as long as short
MEXC XAU_USDT	+0.0114%	4h	4,327.6	+0.100%	$353.4M	$347.9M	1000x	as long as short
Binance XAUUSDT	+0.0115%	4h	4,326.7	+0.080%	$435.5M	$2.36B	100x	as long as short
Kalshi KXGOLDPERP	+0.0121%	24h	4,329.2	+0.138%	$3.5M	$48.6M	15x	as long as short
edgeX XAUUSDCshort	+0.0127%	4h	4,330.2	+0.160%	$30.3M	$64.9M	50x
GRVT XAU_USDT_Perp	+0.0132%	4h	4,331.1	+0.183%	$1.4M	$3.0M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0132%	1h	4,327	+0.087%	$4.3M	$1.7M	20x	as long as short
Bybit XAUUSDT	+0.0140%	4h	4,327.4	+0.097%	$81.6M	$170.1M	150x	as long as short
Bullet GOLD-USD	+0.0188%	1h	4,327.8	+0.105%	$58K	$77K	10x	as long as short
Bitget XAUUSDT	+0.0196%	4h	4,327.8	+0.106%	$72.0M	$132.7M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0236%	1h	4,325.7	+0.057%	$134K	$782K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0244%	8h	4,326.9	+0.085%	$171.1M	$355.9M	100x	as long as short
BloFin XAU-USDT	+0.0355%	4h	4,329.7	+0.149%	$16.2M	$5.5M	100x	as long as short
Phemex XAUUSDT	+0.0395%	4h	4,331.6	+0.193%	$2.2M	$961K	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0411%	1h	4,324.7	+0.034%	$582K	$150K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0460% / S −0.0306%	1h	4,327.8	+0.105%	$252K	—	111x	as long as short
HTX XAU-USDT	+0.1112%	4h	4,334.7	+0.264%	$3.2M	$7.0M	75x	as long as short
Bluefin GOLD-PERP	+0.5954%	1h	4,323.3	+0.002%	$25K	$1K	20x	as long as short