Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0025%/8h= +2.8% APRpaid last 24h +0.031%

Price spread now: edgeX against tradeXYZ−0.051%66s7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as 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−$280.279% of the position

Long on tradeXYZ Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 7 days+0.075%+$7 · spread now −0.051%, 7d avg −0.016%

Together, before fees+0.117%+ Points / potential airdroptradeXYZ: Active · edgeX: Active · farm board+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.036% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.051% now, against its 7-day average of −0.016%). If the spread goes back, that is −$4 on $10k: about 4.7 days of funding at the current rate (+$1 a day). The two prices were read 66 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	tradeXYZ xyz:GOLD	4,344.8	0.0050	pay 0.0006% / 1h	0m 24s	$293.8M	$48.9M	25x
Short	edgeX XAUUSDC	4,342.6	0.0075	get 0.0038% / 4h	1h 00m	$30.2M	$58.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against tradeXYZ. 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 tradeXYZbpFee edgeXbpOrdersPrice spread, now −0.051%Rate

Funding earned: $5.32
Price spread: −0.051% → −0.016%: −$3.57
Slippage, 4 orders: −$0.92
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$26.17
Costs to cover: 0.279%
Break-even: 41.4 days

Slippage from tradeXYZ: live order book, 10 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy tradeXYZ live order book, 10 min ago	0.12 bp	9.1 bp −$9	9.6 bp −$96	11.2 bp −$1,124	doesn't fit
Sell edgeX live order book, 4 min ago	0.34 bp	4.8 bp −$5	5.0 bp −$50	8.3 bp −$828	36.9 bp −$18.4K

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	4,351.5	+0.155%	$92K	$9.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,344.2	−0.013%	$266K	—	250x	as long as short
Gate XAU_USDT	+0.0006%	4h	4,349.9	+0.118%	$264.8M	$418.8M	100x	as long as short
Hotstuff GOLD-PERP	+0.0008%	1h	4,344.8	0.000%	$33K	—	25x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,347.4	+0.061%	$3.4M	$12.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,343.4	−0.032%	$13.4M	$38.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.129%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,348.3	+0.081%	$3.8M	$4.6M	40x	as long as short
Kalshi KXGOLDPERP	+0.0041%	24h	4,345.8	+0.023%	$4.1M	$37.1M	15x	as long as short
Aster XAUUSD1	+0.0043%	4h	4,348.2	+0.077%	$70.9M	$334.1M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,380.6	+0.824%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,346.9	+0.048%	$5.7M	$2.0M	20x	as long as short
Lighter XAU	+0.0048%	1h	4,346.1	+0.030%	$20.6M	$42.7M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,344.2	−0.014%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLDlong	+0.0050%	1h	4,344.8	long leg	$293.8M	$48.9M	25x
Ondo Perps XAU-USD.P	+0.0050%	1h	4,344.3	−0.012%	$15.1M	$56.7M	25x	as long as short
Lighter RH XAU	+0.0056%	1h	4,348.4	+0.082%	$20.1M	$40.0M	25x	as long as short
Variational Omni XAU	+0.0061%	4h	4,347.3	+0.057%	$48.4M	$27.7M	—	as long as short
GRVT XAU_USDT_Perp	+0.0062%	4h	4,348.6	+0.088%	$1.4M	$3.0M	25x	as long as short
edgeX XAUUSDCshort	+0.0075%	4h	4,342.6	−0.051%	$30.2M	$58.6M	50x
MEXC XAU_USDT	+0.0076%	4h	4,347.9	+0.072%	$371.1M	$320.9M	1000x	as long as short
Binance XAUUSDT	+0.0078%	4h	4,348.2	+0.078%	$411.2M	$2.10B	100x	as long as short
Paradex XAU-USD-PERP	+0.0079%	8h	4,347.4	+0.060%	$19K	$5K	5x	as long as short
Pacifica XAU	+0.0100%	1h	4,344.2	−0.014%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,344.7	−0.002%	$274K	$203K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,347	+0.051%	$161K	$87	10x	as long as short
Polymarket Perps GOLD-USD	+0.0119%	1h	4,347.2	+0.055%	$4.3M	$1.9M	20x	as long as short
Phoenix GOLD	+0.0136%	1h	4,345.3	+0.012%	$47K	$77K	25x	as long as short
Phemex XAUUSDT	+0.0194%	4h	4,349.6	+0.111%	$2.2M	$972K	100x	as long as short
Bullet GOLD-USD	+0.0195%	1h	4,348.1	+0.075%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0214%	4h	4,349.4	+0.107%	$84.4M	$145.4M	150x	as long as short
Bitget XAUUSDT	+0.0220%	4h	4,348.3	+0.080%	$70.2M	$109.4M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0265%	8h	4,349.4	+0.106%	$165.4M	$283.2M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0270%	1h	4,345.2	+0.010%	$593K	$133K	25x	as long as short
Bluefin GOLD-PERP	+0.0300%	1h	4,342.5	−0.054%	$25K	$14K	20x	as long as short
BloFin XAU-USDT	+0.0308%	4h	4,347.6	+0.064%	$15.7M	$4.6M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0394%	1h	4,347.3	+0.058%	$268K	$767K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0407% / S −0.0222%	1h	4,348.2	+0.078%	$248K	—	111x	as long as short
HTX XAU-USDT	+0.0596%	4h	4,353.5	+0.201%	$2.9M	$4.3M	75x	as long as short