Settings8H · net · $10k
Funding arb · Price arb /

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0362%/8h= +39.6% APRnext payment +$1.81 per $10,000 · paid last 24h +0.107%
Price spread now: BloFin against SunX−0.098%7-day average −0.091% · you buy dearer than you sell
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$690.692% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.526%+$53 on $10k
Price spread, last 4 days (all we have)+0.005%+$1 · spread now −0.098%, 7d avg −0.091%
Together, before fees+0.531%+$53 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.091%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX XAU-USDT4,335.20get 0.0000% / 4h2h 27m$92K$8.4M20x
ShortBloFin XAU-USDT4,330.90.0362get 0.0181% / 4h2h 27m$16.1M$4.4M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
$75.96
Price spread: −0.098% → −0.091%
−$0.74
Slippage, 4 orders
−$49.19
Fee SunX: 4 bp × 2 orders
−$8
Fee BloFin: 6 bp × 2 orders
−$12
Net
$6.03
Costs to cover
0.692%
Break-even
6.4 days
Slippage from SunX: live order book, 12 min ago; BloFin: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 12 min ago23.54 bp27.5 bp −$2840.5 bp −$405doesn't fitdoesn't fit
Sell BloFin live order book, 7 min ago0.01 bp6.1 bp −$66.4 bp −$647.3 bp −$732doesn't fit

XAU on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff GOLD-PERP−0.0056%1h4,326.5−0.200%$32K25xas long as short
SunX XAU-USDTlong0.0000%4h4,335.2long leg$92K$8.4M20x
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,326.2−0.207%$271K250xas long as short
Bluefin GOLD-PERP+0.0005%1h4,323.2−0.276%$25K$14K20xas long as short
Extended XAU-USD+0.0032%1h4,326.6−0.197%$13.2M$37.1M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.351%$619$5452xas long as short
Lighter XAU+0.0040%1h4,331.3−0.090%$20.6M$31.0M25xas long as short
StandX XAU-USD+0.0040%1h4,329.8−0.124%$3.8M$4.6M40xas long as short
QFEX GOLD-USD+0.0044%1h4,328−0.166%$5.4M$2.1M20xas long as short
Vest GC-PERP+0.0046%1h4,363+0.641%$1.0M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:GOLD+0.0050%1h4,329.5−0.131%$292.3M$50.6M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,327−0.189%$15.0M$56.6M25xas long as short
RISEx XAU/USDC+0.0054%1h4,330.6−0.105%$3.7M$12.2M25xas long as short
Bybit XAUUSDT+0.0058%4h4,332.5−0.062%$78.7M$154.8M150xas long as short
Kalshi KXGOLDPERP+0.0058%24h4,330.7−0.104%$4.0M$40.9M15xas long as short
Gate XAU_USDT+0.0068%4h4,334.1−0.024%$273.1M$406.5M100xas long as short
Paradex XAU-USD-PERP+0.0072%8h4,329.3−0.136%$19K$5K5xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,326.7−0.196%$2.1M$4.7M25xas long as short
Lighter RH XAU+0.0088%1h4,333.3−0.043%$19.9M$38.7M25xas long as short
Pacifica XAU+0.0100%1h4,325.8−0.217%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,328.1−0.164%$275K$204K50xas long as short
Aster XAUUSD1+0.0109%4h4,332.3−0.066%$71.6M$332.1M20xas long as short
Variational Omni XAU+0.0111%4h4,333.1−0.047%$48.3M$27.5Mas long as short
Aevo XAU-PERP+0.0112%1h4,330.3−0.112%$160K$8710xas long as short
Binance XAUUSDT+0.0119%4h4,331.1−0.094%$414.0M$2.15B100xas long as short
MEXC XAU_USDT+0.0120%4h4,332.5−0.062%$364.1M$323.9M1000xas long as short
GRVT XAU_USDT_Perp+0.0122%4h4,329.6−0.130%$1.4M$2.9M25xas long as short
Phoenix GOLD+0.0127%1h4,327.2−0.184%$47K$77K25xas long as short
edgeX XAUUSDC+0.0130%4h4,331.5−0.084%$30.1M$59.0M50xas long as short
Bullet GOLD-USD+0.0160%1h4,330.7−0.104%$59K$82K10xas long as short
Polymarket Perps GOLD-USD+0.0171%1h4,330.6−0.106%$4.2M$2.0M20xas long as short
Kraken Futures PF_XAUUSD+0.0247%1h4,327.8−0.171%$589K$130K25xas long as short
HTX XAU-USDT+0.0258%4h4,332.4−0.065%$2.8M$4.8M75xas long as short
Bitget XAUUSDT+0.0280%4h4,333.1−0.047%$73.5M$113.6M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0305%1h4,330−0.120%$200K$824K25xas long as short
OKX XAU-USDT-SWAP+0.0338%8h4,332.2−0.069%$170.1M$292.1M100xas long as short
BloFin XAU-USDTshort+0.0362%4h4,330.9−0.098%$16.1M$4.4M100x
Phemex XAUUSDT+0.0398%4h4,336.2+0.024%$2.2M$960K100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0450% / S −0.0288%1h4,330.7−0.105%$250K111xas long as short