Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h −0.042%

Price spread now: SunX against RISEx+0.095%7-day average +0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$650.649% of the position

Long on RISEx Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.095%−$9 on $10k

Price spread, last 4 days (all we have)+0.129%+$13 · spread now +0.095%, 7d avg +0.085%

Together, before fees+0.034%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.085%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XAU/USDC	4,347.8	0.0010	pay 0.0001% / 1h	2m 15s	$3.4M	$12.3M	25x
Short	SunX XAU-USDT	4,352	0	get 0.0000% / 4h	1h 02m	$92K	$9.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against RISEx. 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 RISExbpFee SunXbpOrdersPrice spread, now +0.095%Rate

Funding earned: −$2.18
Price spread: +0.095% → +0.085%: $1.02
Slippage, 4 orders: −$50.94
Fee RISEx: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: −$66.1
Costs to cover: 0.649%
Break-even: never at this rate

Slippage from RISEx: live order book, 2 min ago; SunX: live order book, 7 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 RISEx live order book, 2 min ago	0.01 bp	4.5 bp −$4	5.2 bp −$52	35.9 bp −$3,594	doesn't fit
Sell SunX live order book, 7 min ago	23.62 bp	29.8 bp −$30	47.3 bp −$473	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
SunX XAU-USDTshort	0.0000%	4h	4,352	+0.095%	$92K	$9.1M	20x
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,343.5	−0.099%	$266K	—	250x	as long as short
Gate XAU_USDT	+0.0004%	4h	4,349.8	+0.046%	$264.5M	$418.5M	100x	as long as short
RISEx XAU/USDClong	+0.0010%	1h	4,347.8	long leg	$3.4M	$12.3M	25x
Extended XAU-USD	+0.0032%	1h	4,343.5	−0.098%	$13.4M	$38.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.060%	$619	$54	52x	as long as short
Hotstuff GOLD-PERP	+0.0040%	1h	4,345	−0.064%	$33K	—	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,345.7	−0.048%	$3.8M	$4.6M	40x	as long as short
Aster XAUUSD1	+0.0041%	4h	4,348.3	+0.011%	$70.9M	$334.1M	20x	as long as short
Kalshi KXGOLDPERP	+0.0041%	24h	4,345.9	−0.044%	$4.1M	$37.1M	15x	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	+0.754%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,347.3	−0.012%	$5.7M	$2.0M	20x	as long as short
Lighter XAU	+0.0048%	1h	4,346.7	−0.024%	$20.6M	$42.7M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,344.9	−0.067%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,345.1	−0.062%	$293.9M	$48.9M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,344.6	−0.074%	$15.1M	$56.8M	25x	as long as short
Lighter RH XAU	+0.0056%	1h	4,348.8	+0.023%	$20.1M	$39.9M	25x	as long as short
Variational Omni XAU	+0.0057%	4h	4,346	−0.041%	$48.5M	$27.7M	—	as long as short
GRVT XAU_USDT_Perp	+0.0058%	4h	4,346.5	−0.029%	$1.4M	$3.0M	25x	as long as short
MEXC XAU_USDT	+0.0074%	4h	4,348	+0.004%	$371.2M	$320.9M	1000x	as long as short
edgeX XAUUSDC	+0.0075%	4h	4,342.6	−0.120%	$30.2M	$58.6M	50x	as long as short
Binance XAUUSDT	+0.0076%	4h	4,347.9	+0.002%	$411.1M	$2.10B	100x	as long as short
Paradex XAU-USD-PERP	+0.0079%	8h	4,347.7	−0.003%	$19K	$5K	5x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,347	−0.019%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,344.1	−0.085%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,344.1	−0.085%	$274K	$203K	50x	as long as short
Polymarket Perps GOLD-USD	+0.0118%	1h	4,347.2	−0.014%	$4.3M	$1.9M	20x	as long as short
Phoenix GOLD	+0.0136%	1h	4,346	−0.041%	$47K	$77K	25x	as long as short
Phemex XAUUSDT	+0.0191%	4h	4,349.6	+0.042%	$2.2M	$1.0M	100x	as long as short
Bullet GOLD-USD	+0.0193%	1h	4,348	+0.005%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0212%	4h	4,349.3	+0.035%	$84.4M	$145.4M	150x	as long as short
Bitget XAUUSDT	+0.0218%	4h	4,348	+0.005%	$70.2M	$109.4M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0263%	8h	4,349.5	+0.039%	$165.4M	$283.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0270%	1h	4,345.3	−0.058%	$593K	$133K	25x	as long as short
BloFin XAU-USDT	+0.0302%	4h	4,347.9	+0.001%	$15.7M	$4.6M	100x	as long as short
Bluefin GOLD-PERP	+0.0341%	1h	4,342.1	−0.130%	$25K	$14K	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0349%	1h	4,346.4	−0.032%	$268K	$767K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0406% / S −0.0221%	1h	4,347.9	+0.003%	$248K	—	111x	as long as short
HTX XAU-USDT	+0.0595%	4h	4,353.5	+0.132%	$2.9M	$4.3M	75x	as long as short