Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h +0.038%

Price spread now: edgeX against gTrade (Gains Network)−0.065%7-day average −0.009% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$282as in the Price arb table

costs, in and out, $10k−$2772.767% of the position

Long on gTrade (Gains Network)Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.065%+$6 on $10k

Price spread, last 4 days (all we have)−0.072%−$7 · spread now −0.065%, 7d avg −0.009%

Together, before fees−0.007%+ Points / potential airdropedgeX: Active · farm board−$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.056% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.065% now, against its 7-day average of −0.009%). If the spread goes back, that is −$6 on $10k: about 36 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XAU/USD	4,330.6	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	8m 54s	$271K	—	250x
Short	edgeX XAUUSDC	4,327.8	0.0126	get 0.0063% / 4h	2h 08m	$30.1M	$60.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee edgeXbpOrdersPrice spread, now −0.065%Rate

Funding earned: $25.99
Price spread: −0.065% → −0.009%: −$5.59
Slippage, 4 orders: −$260.71
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$256.31
Costs to cover: 2.767%
Break-even: 76.0 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 5 min ago; edgeX: 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 gTrade (Gains Network) virtual book (oracle venue), 5 min ago	130.01 bp	133.5 bp −$134	196.7 bp −$1,967	1352.9 bp −$135.3K	5907.8 bp −$2.95M
Sell edgeX live order book, 5 min ago	0.35 bp	4.8 bp −$5	4.9 bp −$49	7.8 bp −$782	34.3 bp −$17.2K

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
Bluefin GOLD-PERP	−0.0052%	1h	4,327.8	−0.066%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,338.3	+0.177%	$92K	$8.1M	20x	as long as short
gTrade (Gains Network) XAU/USDlong	L +0.0002% / S −0.0003%	1h	4,330.6	long leg	$271K	—	250x
Bybit XAUUSDT	+0.0006%	4h	4,334.7	+0.094%	$78.4M	$156.7M	150x	as long as short
Extended XAU-USD	+0.0032%	1h	4,329.8	−0.019%	$13.1M	$36.8M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.457%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,333.7	+0.071%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,332.7	+0.048%	$5.5M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,367	+0.840%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,332.1	+0.034%	$20.4M	$31.8M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	4,330.5	−0.003%	$292.0M	$51.6M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,330.4	−0.005%	$15.0M	$56.5M	25x	as long as short
RISEx XAU/USDC	+0.0054%	1h	4,335.5	+0.112%	$3.8M	$12.5M	25x	as long as short
Kalshi KXGOLDPERP	+0.0063%	24h	4,334.8	+0.097%	$4.0M	$42.2M	15x	as long as short
Gate XAU_USDT	+0.0064%	4h	4,335.1	+0.103%	$272.5M	$417.3M	100x	as long as short
Lighter RH XAU	+0.0072%	1h	4,334.3	+0.086%	$19.9M	$39.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,330	−0.014%	$2.0M	$4.8M	25x	as long as short
Paradex XAU-USD-PERP	+0.0072%	8h	4,334.2	+0.082%	$19K	$5K	5x	as long as short
Aster XAUUSD1	+0.0097%	4h	4,334.4	+0.087%	$72.3M	$330.2M	20x	as long as short
Pacifica XAU	+0.0100%	1h	4,330.5	−0.003%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,330	−0.014%	$273K	$208K	50x	as long as short
Variational Omni XAU	+0.0101%	4h	4,331.5	+0.020%	$46.8M	$28.6M	—	as long as short
Hotstuff GOLD-PERP	+0.0104%	1h	4,331.4	+0.018%	$32K	—	25x	as long as short
GRVT XAU_USDT_Perp	+0.0104%	4h	4,333.5	+0.065%	$1.4M	$3.0M	25x	as long as short
MEXC XAU_USDT	+0.0110%	4h	4,333.7	+0.072%	$363.8M	$330.9M	1000x	as long as short
Binance XAUUSDT	+0.0111%	4h	4,334	+0.078%	$414.8M	$2.12B	100x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,333.3	+0.062%	$160K	$87	10x	as long as short
edgeX XAUUSDCshort	+0.0126%	4h	4,327.8	−0.065%	$30.1M	$60.3M	50x
Phoenix GOLD	+0.0127%	1h	4,326.6	−0.093%	$47K	$77K	25x	as long as short
Bullet GOLD-USD	+0.0160%	1h	4,334.7	+0.093%	$58K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0177%	1h	4,334.4	+0.087%	$4.2M	$2.0M	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0212%	1h	4,332.5	+0.043%	$195K	$827K	25x	as long as short
HTX XAU-USDT	+0.0233%	4h	4,336.9	+0.145%	$2.8M	$5.0M	75x	as long as short
Kraken Futures PF_XAUUSD	+0.0247%	1h	4,331	+0.008%	$590K	$130K	25x	as long as short
Bitget XAUUSDT	+0.0254%	4h	4,334	+0.079%	$68.1M	$119.0M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0331%	8h	4,334.1	+0.080%	$170.6M	$297.5M	100x	as long as short
BloFin XAU-USDT	+0.0357%	4h	4,333.3	+0.063%	$16.0M	$4.5M	100x	as long as short
Phemex XAUUSDT	+0.0381%	4h	4,335.2	+0.105%	$2.2M	$962K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0460% / S −0.0303%	1h	4,334.7	+0.093%	$253K	—	111x	as long as short