Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0112%/8h= −12.3% APRpaid last 24h −0.036%

Price spread now: SunX against Aevo+0.105%7-day average +0.111% · you sell dearer than you buy

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$890.887% of the position

Long on Aevo Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.219%−$22 on $10k

Price spread, last 3 days (all we have)+0.001%$0 · spread now +0.105%, 7d avg +0.111%

Together, before fees−0.219%−$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.111%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo XAU-PERP	4,354	0.0112	pay 0.0014% / 1h	54m 04s	$161K	$87	10x
Short	SunX XAU-USDT	4,358.6	0	get 0.0000% / 4h	1h 54m	$93K	$9.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Aevo. 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 AevobpFee SunXbpOrdersPrice spread, now +0.105%Rate

Funding earned: −$23.52
Price spread: +0.105% → +0.111%: −$0.67
Slippage, 4 orders: −$64.74
Fee Aevo: 8 bp × 2 orders: −$16
Fee SunX: 4 bp × 2 orders: −$8
Net: −$112.92
Costs to cover: 0.887%
Break-even: never at this rate

Slippage from Aevo: live order book, 10 min ago; SunX: 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 Aevo live order book, 10 min ago	5.99 bp	15.9 bp −$16	29.4 bp −$294	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	23.65 bp	29.6 bp −$30	47.1 bp −$471	doesn't fit	doesn't fit

XAU on 38 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	−0.0162%	1h	4,348.3	−0.131%	$25K	$14K	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,355	+0.023%	$262.5M	$404.9M	100x	as long as short
SunX XAU-USDTshort	0.0000%	4h	4,358.6	+0.105%	$93K	$9.4M	20x
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,350.3	−0.085%	$269K	—	250x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,354.2	+0.005%	$3.4M	$12.4M	25x	as long as short
Lighter XAU	+0.0032%	1h	4,352.7	−0.031%	$20.6M	$41.8M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,349.8	−0.096%	$13.5M	$40.9M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.083%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0036%	24h	4,352.5	−0.035%	$4.1M	$36.2M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,353.6	−0.009%	$3.8M	$4.6M	40x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,387.7	+0.774%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,353.6	−0.009%	$5.6M	$1.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,350.3	−0.085%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,350.4	−0.083%	$293.6M	$48.6M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,350.7	−0.076%	$15.1M	$57.9M	25x	as long as short
Aster XAUUSD1	+0.0059%	4h	4,354.6	+0.014%	$70.2M	$328.2M	20x	as long as short
Lighter RH XAU	+0.0064%	1h	4,355.1	+0.025%	$20.1M	$39.3M	25x	as long as short
Paradex XAU-USD-PERP	+0.0085%	8h	4,355.8	+0.041%	$19K	$5K	5x	as long as short
Polymarket Perps GOLD-USD	+0.0099%	1h	4,353.4	−0.014%	$4.3M	$1.9M	20x	as long as short
Pacifica XAU	+0.0100%	1h	4,352.4	−0.037%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,351.3	−0.062%	$275K	$204K	50x	as long as short
Hotstuff GOLD-PERP	+0.0104%	1h	4,352.8	−0.028%	$33K	—	25x	as long as short
Variational Omni XAU	+0.0107%	4h	4,352.3	−0.040%	$48.3M	$28.1M	—	as long as short
Aevo XAU-PERPlong	+0.0112%	1h	4,354	long leg	$161K	$87	10x
MEXC XAU_USDT	+0.0118%	4h	4,353.6	−0.009%	$372.4M	$315.3M	1000x	as long as short
edgeX XAUUSDC	+0.0120%	4h	4,348.3	−0.131%	$30.3M	$58.6M	50x	as long as short
Binance XAUUSDT	+0.0121%	4h	4,353.7	−0.006%	$410.9M	$2.09B	100x	as long as short
Phoenix GOLD	+0.0121%	1h	4,351	−0.069%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0136%	4h	4,354	+0.001%	$1.4M	$3.0M	25x	as long as short
Bullet GOLD-USD	+0.0190%	1h	4,354.4	+0.008%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0207%	4h	4,354.9	+0.019%	$84.0M	$145.0M	150x	as long as short
Bitget XAUUSDT	+0.0210%	4h	4,354.2	+0.004%	$69.7M	$109.1M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0233%	1h	4,352.9	−0.026%	$259K	$701K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0249%	8h	4,354.8	+0.018%	$164.6M	$282.1M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,351.6	−0.056%	$594K	$133K	25x	as long as short
Phemex XAUUSDT	+0.0302%	4h	4,355.7	+0.038%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0398% / S −0.0206%	1h	4,354.4	+0.008%	$251K	—	111x	as long as short
HTX XAU-USDT	+0.0615%	4h	4,360.4	+0.147%	$2.9M	$4.2M	75x	as long as short