Settings8H · net · $10k
Funding arb · Price arb /

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC−0.0134%/8h= −14.6% APRpaid last 24h −0.031%
Price spread now: edgeX against OKX−0.277%71s7-day average −0.115% · you buy dearer than you sell
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$200.199% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.026%+$3 on $10k
Price spread, last 7 days+0.247%+$25 · spread now −0.277%, 7d avg −0.115%
Together, before fees+0.274%+ Points / potential airdropedgeX: Active · farm board+$27 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and edgeX is 0.162% cheaper against OKX than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.115%). Swap the legs. The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX XAU-USDT-SWAP4,312.70.0251pay 0.0251% / 8h7h 20m$170.6M$341.2M100x
ShortedgeX XAUUSDC4,300.70.0117get 0.0058% / 4h3h 20m$30.0M$62.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against OKX. 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

Funding earned
−$28.07
Price spread: −0.277% → −0.115%
−$16.2
Slippage, 4 orders
−$0.93
Fee OKX: 5 bp × 2 orders
−$10
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$64.2
Costs to cover
0.199%
Break-even
never at this rate
Slippage from OKX: live order book, 4 min ago; edgeX: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 4 min ago0.12 bp5.1 bp −$55.7 bp −$577.8 bp −$78014.4 bp −$7,201
Sell edgeX live order book, 4 min ago0.35 bp4.8 bp −$55.0 bp −$508.1 bp −$80637.5 bp −$18.8K

XAU on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX XAU-USDT0.0000%4h4,315.6+0.068%$92K$6.7M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,307.7−0.116%$273K250xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.875%$619$5452xas long as short
Vest GC-PERP+0.0046%1h4,343.5+0.714%$1.0M25xas long as short
QFEX GOLD-USD+0.0046%1h4,309.1−0.083%$6.6M$3.1M20xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,308.3−0.102%$291.0M$54.5M25xas long as short
Polymarket Perps GOLD-USD+0.0050%1h4,310.3−0.056%$4.3M$1.8M20xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,307.5−0.122%$15.0M$56.0M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0056%1h4,306.7−0.139%$2.0M$5.1M25xas long as short
Paradex XAU-USD-PERP+0.0062%8h4,309.8−0.067%$2K$13K5xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster XAUUSD1+0.0069%4h4,313.1+0.009%$73.6M$271.5M20xas long as short
Lighter XAU+0.0080%1h4,309.4−0.076%$20.2M$29.6M25xas long as short
Hotstuff GOLD-PERP+0.0080%1h4,306.8−0.137%$32K25xas long as short
Extended XAU-USD+0.0088%1h4,308−0.108%$13.0M$36.1M25xas long as short
StandX XAU-USD+0.0093%1h4,311.3−0.032%$3.8M$4.5M40xas long as short
Phoenix GOLD+0.0095%1h4,301.6−0.257%$42K$86K25xas long as short
Pacifica XAU+0.0100%1h4,306.5−0.144%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,301.8−0.254%$273K$219K50xas long as short
Lighter RH XAU+0.0104%1h4,312−0.016%$19.8M$40.6M25xas long as short
Aevo XAU-PERP+0.0112%1h4,310.3−0.055%$160K$8710xas long as short
Kalshi KXGOLDPERP+0.0114%24h4,312.8+0.002%$3.6M$47.1M15xas long as short
Variational Omni XAU+0.0115%4h4,311.4−0.029%$46.9M$29.9Mas long as short
edgeX XAUUSDCshort+0.0117%4h4,300.7−0.277%$30.0M$62.5M50x
MEXC XAU_USDT+0.0122%4h4,311.8−0.020%$360.3M$347.7M1000xas long as short
RISEx XAU/USDC+0.0126%1h4,312−0.016%$4.5M$13.4M25xas long as short
Binance XAUUSDT+0.0130%4h4,311.4−0.029%$437.3M$2.26B100xas long as short
Bybit XAUUSDT+0.0141%4h4,313.4+0.016%$79.7M$161.3M150xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0168%1h4,310.9−0.042%$133K$832K25xas long as short
Gate XAU_USDT+0.0178%4h4,313.5+0.019%$302.0M$436.4M100xas long as short
GRVT XAU_USDT_Perp+0.0188%4h4,306.4−0.146%$1.4M$3.1M25xas long as short
Bullet GOLD-USD+0.0197%1h4,311.9−0.019%$58K$77K10xas long as short
Bitget XAUUSDT+0.0202%4h4,311.7−0.024%$70.3M$127.6M100xas long as short
OKX XAU-USDT-SWAPlong+0.0251%8h4,312.7long leg$170.6M$341.2M100x
Kraken Futures PF_XAUUSD+0.0328%1h4,309.2−0.081%$573K$139K25xas long as short
BloFin XAU-USDT+0.0394%4h4,311.7−0.022%$16.4M$5.2M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0465% / S −0.0313%1h4,311.5−0.028%$254K111xas long as short
Phemex XAUUSDT+0.0473%4h4,312.9+0.004%$2.2M$959K100xas long as short
HTX XAU-USDT+0.1204%4h4,317.3+0.106%$3.2M$6.9M75xas long as short
Bluefin GOLD-PERP+0.2382%1h4,305.5−0.168%$25K$1K20xas long as short