Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.076%

Price spread now: Bitget against SunX−0.010%60s7-day average −0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as 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−$700.698% of the position

Long on SunX Short on Bitget

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)−0.110%−$11 · spread now −0.010%, 7d avg −0.092%

Together, before fees+0.149%+$15 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: Bitget is 0.082% dearer against SunX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.092%. The two prices were read 60 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	SunX XAU-USDT	4,377.1	0	get 0.0000% / 4h	3h 57m	$93K	$10.5M	20x
Short	Bitget XAUUSDT	4,376.6	0	get 0.0000% / 4h	3h 57m	$69.5M	$114.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against SunX. 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 SunXbpFee BitgetbpOrdersPrice spread, now −0.010%Rate

Funding earned: $0
Price spread: −0.010% → −0.092%: $8.18
Slippage, 4 orders: −$49.82
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$61.63
Costs to cover: 0.698%
Break-even: never at this rate

Slippage from SunX: live order book, 12 min ago; Bitget: live order book, 2 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 SunX live order book, 12 min ago	23.71 bp	27.7 bp −$28	40.7 bp −$407	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.01 bp	6.2 bp −$6	7.7 bp −$77	12.0 bp −$1,198	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
Phoenix GOLD	−0.0004%	1h	4,368.5	−0.196%	$48K	$64K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,375.7	−0.032%	$71.9M	$218.2M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,375.8	−0.029%	$410.4M	$2.14B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,377.2	+0.002%	$82.5M	$142.9M	150x	as long as short
Gate XAU_USDT	0.0000%	4h	4,377.5	+0.010%	$268.7M	$405.2M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,375.9	−0.027%	$375.1M	$319.2M	1000x	as long as short
Bitget XAUUSDTshort	0.0000%	4h	4,376.6	−0.010%	$69.5M	$114.2M	100x
Variational Omni XAU	0.0000%	4h	4,372.6	−0.102%	$48.6M	$28.4M	—	as long as short
GRVT XAU_USDT_Perp	0.0000%	4h	4,373.8	−0.075%	$1.4M	$3.2M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,369.6	−0.171%	$4.0M	$36.4M	15x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX XAU-USDTlong	0.0000%	4h	4,377.1	long leg	$93K	$10.5M	20x
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,373.7	−0.078%	$268K	—	250x	as long as short
edgeX XAUUSDC	+0.0008%	4h	4,366.5	−0.241%	$30.4M	$59.5M	50x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.609%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,373.2	−0.088%	$3.8M	$4.7M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,372.3	−0.109%	$5.6M	$1.9M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,409.2	+0.734%	—	$1.0M	25x	as long as short
RISEx XAU/USDC	+0.0048%	1h	4,374.2	−0.065%	$3.4M	$12.3M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,373.3	−0.086%	$294.8M	$53.0M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,370.1	−0.159%	$14.7M	$57.1M	25x	as long as short
Lighter RH XAU	+0.0056%	1h	4,374.5	−0.058%	$20.2M	$40.7M	25x	as long as short
Paradex XAU-USD-PERP	+0.0061%	8h	4,374.9	−0.050%	$19K	$5K	5x	as long as short
Lighter XAU	+0.0064%	1h	4,373.5	−0.082%	$20.7M	$42.9M	25x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,372.7	−0.100%	$162K	$87	10x	as long as short
Extended XAU-USD	+0.0096%	1h	4,370.4	−0.152%	$13.2M	$44.4M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,369	−0.184%	$2.0M	$5.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,370.7	−0.146%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,370.4	−0.152%	$277K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,369.2	−0.180%	$26K	$22K	20x	as long as short
Polymarket Perps GOLD-USD	+0.0101%	1h	4,373.8	−0.075%	$4.3M	$1.8M	20x	as long as short
Hotstuff GOLD-PERP	+0.0128%	1h	4,371.1	−0.136%	$33K	—	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0139%	1h	4,371.1	−0.136%	$235K	$717K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0163%	8h	4,377.5	+0.010%	$158.8M	$275.9M	100x	as long as short
Bullet GOLD-USD	+0.0189%	1h	4,377.4	+0.006%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,370	−0.162%	$603K	$147K	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,372.4	−0.108%	$14.8M	$4.5M	100x	as long as short
HTX XAU-USDT	+0.0385%	4h	4,377.1	+0.002%	$2.9M	$3.8M	75x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0390% / S −0.0197%	1h	4,377.4	+0.008%	$252K	—	111x	as long as short
Phemex XAUUSDT	+0.0462%	4h	4,376.3	−0.019%	$2.2M	$1.1M	100x	as long as short