Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.040%

Price spread now: SunX against Aster+0.032%7-day average +0.091% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$650.652% of the position

Long on Aster Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.165%−$16 on $10k

Price spread, last 3 days (all we have)+0.113%+$11 · spread now +0.032%, 7d avg +0.091%

Together, before fees−0.052%+ Points / potential airdropAster: Stage 5 · farm board−$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.059% cheaper against Aster than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.091%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAUUSD1	4,344.9	0	get 0.0000% / 4h	2h 08m	$71.1M	$241.0M	20x
Short	SunX XAU-USDT	4,346.3	0	get 0.0000% / 4h	2h 08m	$92K	$10.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Aster. 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 AsterbpFee SunXbpOrdersPrice spread, now +0.032%Rate

Funding earned: $0
Price spread: +0.032% → +0.091%: −$5.87
Slippage, 4 orders: −$49.19
Fee Aster: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$71.06
Costs to cover: 0.652%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; SunX: live order book, 10 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 Aster live order book, 5 min ago	0.01 bp	4.0 bp −$4	6.2 bp −$62	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	23.60 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	−0.0441%	1h	4,334.7	−0.234%	$26K	$21K	20x	as long as short
Aster XAUUSD1long	0.0000%	4h	4,344.9	long leg	$71.1M	$241.0M	20x
Binance XAUUSDT	0.0000%	4h	4,342.1	−0.066%	$411.2M	$2.12B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,342.3	−0.061%	$82.6M	$144.9M	150x	as long as short
Gate XAU_USDT	0.0000%	4h	4,343.4	−0.036%	$273.2M	$413.5M	100x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,342.5	−0.057%	$67.1M	$114.1M	100x	as long as short
GRVT XAU_USDT_Perp	0.0000%	4h	4,342.3	−0.061%	$1.4M	$3.3M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,341.5	−0.079%	$3.9M	$34.1M	15x	as long as short
Bullet GOLD-USD	0.0000%	1h	4,342.2	−0.063%	$58K	$84K	10x	as long as short
SunX XAU-USDTshort	0.0000%	4h	4,346.3	+0.032%	$92K	$10.9M	20x

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XAU_USDT	+0.0010%	4h	4,341.4	−0.081%	$373.0M	$350.3M	1000x	as long as short
Variational Omni XAU	+0.0016%	4h	4,342	−0.066%	$47.8M	$34.0M	—	as long as short
HTX XAU-USDT	+0.0017%	4h	4,346.2	+0.029%	$2.8M	$3.8M	75x	as long as short
BloFin XAU-USDT	+0.0025%	4h	4,342.1	−0.065%	$14.8M	$4.3M	100x	as long as short
Lighter XAU	+0.0032%	1h	4,340.8	−0.094%	$20.7M	$46.8M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,343.5	−0.032%	$20.2M	$45.1M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,343.8	−0.026%	$13.2M	$50.9M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.127%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,343.6	−0.030%	$3.8M	$4.7M	40x	as long as short
edgeX XAUUSDC	+0.0045%	4h	4,338.3	−0.152%	$30.2M	$58.0M	50x	as long as short
Vest GC-PERP	+0.0046%	1h	4,382.1	+0.856%	—	$995K	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,339.5	−0.125%	$293.0M	$52.6M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,341.6	−0.076%	$4.3M	$2.3M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,341.1	−0.088%	$14.5M	$54.5M	25x	as long as short
Paradex XAU-USD-PERP	+0.0051%	8h	4,342.5	−0.055%	$19K	$6K	5x	as long as short
QFEX GOLD-USD	+0.0052%	1h	4,342.5	−0.056%	$5.5M	$1.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,338.1	−0.157%	$2.0M	$5.2M	25x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,342.3	−0.060%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,341.5	−0.079%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,340.4	−0.105%	$272K	$204K	50x	as long as short
Phoenix GOLD	+0.0109%	1h	4,343.5	−0.033%	$47K	$69K	25x	as long as short
Hotstuff GOLD-PERP	+0.0168%	1h	4,339.5	−0.125%	$33K	—	25x	as long as short
RISEx XAU/USDC	+0.0190%	1h	4,342.1	−0.065%	$3.4M	$12.6M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0198%	8h	4,342.6	−0.053%	$157.9M	$275.0M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0333%	1h	4,339.1	−0.134%	$599K	$140K	25x	as long as short
Phemex XAUUSDT	+0.0414%	4h	4,345.6	+0.016%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0495% / S −0.0311%	1h	4,342.1	−0.065%	$251K	—	29x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0673%	1h	4,339.6	−0.122%	$221K	$884K	25x	as long as short