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 −0.076%

Price spread now: SunX against Bitget+0.095%7-day average +0.092% · you sell dearer than you buy

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$780.784% of the position

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.259%−$26 on $10k

Price spread, last 3 days (all we have)+0.024%+$2 · spread now +0.095%, 7d avg +0.092%

Together, before fees−0.234%−$23 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XAUUSDT	4,362.8	0	get 0.0000% / 4h	26m 58s	$66.9M	$111.6M	100x
Short	SunX XAU-USDT	4,367	0	get 0.0000% / 4h	26m 58s	$93K	$10.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bitget. 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 BitgetbpFee SunXbpOrdersPrice spread, now +0.095%Rate

Funding earned: $0
Price spread: +0.095% → +0.092%: $0.35
Slippage, 4 orders: −$58.35
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$78.01
Costs to cover: 0.784%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; SunX: live order book, 12 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 Bitget live order book, 2 min ago	0.01 bp	6.0 bp −$6	6.9 bp −$69	11.5 bp −$1,147	doesn't fit
Sell SunX live order book, 12 min ago	25.90 bp	35.9 bp −$36	doesn't fit	doesn't fit	doesn't fit

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	−0.0185%	1h	4,356	−0.157%	$26K	$22K	20x	as long as short
Phoenix GOLD	−0.0004%	1h	4,361.1	−0.039%	$48K	$65K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,363.1	+0.006%	$71.5M	$226.1M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,362.8	0.000%	$407.0M	$2.12B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,363.8	+0.023%	$82.7M	$141.5M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,362.7	−0.003%	$3.4M	$12.3M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,363.8	+0.023%	$267.9M	$411.2M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,363.4	+0.014%	$376.0M	$322.7M	1000x	as long as short
Bitget XAUUSDTlong	0.0000%	4h	4,362.8	long leg	$66.9M	$111.6M	100x
Variational Omni XAU	0.0000%	4h	4,363.6	+0.018%	$48.4M	$30.3M	—	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XAU_USDT_Perp	0.0000%	4h	4,362.6	−0.005%	$1.4M	$3.1M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,362.1	−0.016%	$4.0M	$35.9M	15x	as long as short
SunX XAU-USDTshort	0.0000%	4h	4,367	+0.095%	$93K	$10.6M	20x
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,358.5	−0.100%	$267K	—	250x	as long as short
edgeX XAUUSDC	+0.0017%	4h	4,358.4	−0.102%	$30.3M	$58.5M	50x	as long as short
QFEX GOLD-USD	+0.0032%	1h	4,362	−0.018%	$5.4M	$1.8M	20x	as long as short
Lighter XAU	+0.0032%	1h	4,362.7	−0.002%	$20.7M	$44.6M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,359.2	−0.082%	$13.1M	$45.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.284%	$619	$54	52x	as long as short
Hotstuff GOLD-PERP	+0.0040%	1h	4,360.3	−0.057%	$33K	—	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,364.4	+0.037%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,396.7	+0.777%	—	$1.0M	25x	as long as short
Lighter RH XAU	+0.0048%	1h	4,365.1	+0.052%	$20.2M	$41.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,359.3	−0.080%	$293.5M	$52.2M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,358.8	−0.093%	$14.5M	$56.3M	25x	as long as short
Paradex XAU-USD-PERP	+0.0051%	8h	4,362.4	−0.009%	$19K	$5K	5x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,361.2	−0.037%	$162K	$87	10x	as long as short
Bullet GOLD-USD	+0.0086%	1h	4,362.6	−0.005%	$59K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0088%	1h	4,361.6	−0.028%	$4.3M	$1.8M	20x	as long as short
Pacifica XAU	+0.0100%	1h	4,359.3	−0.080%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,361.7	−0.025%	$277K	$204K	50x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0152%	1h	4,359.8	−0.069%	$2.0M	$5.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0158%	8h	4,364.2	+0.032%	$158.6M	$272.7M	100x	as long as short
HTX XAU-USDT	+0.0158%	4h	4,367.7	+0.111%	$2.8M	$3.7M	75x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0209%	1h	4,360.9	−0.044%	$235K	$736K	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0220%	1h	4,360.1	−0.062%	$601K	$136K	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,363	+0.004%	$14.8M	$4.4M	100x	as long as short
Phemex XAUUSDT	+0.0333%	4h	4,366	+0.074%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,362.6	−0.004%	$252K	—	111x	as long as short