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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.018%
Price spread now: Extended against SunX−0.213%7-day average −0.157% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$630.626% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.092%+$9 on $10k
Price spread, last 4 days (all we have)−0.100%−$10 · spread now −0.213%, 7d avg −0.157%
Together, before fees−0.008%+ Points / potential airdropExtended: Active · farm board−$1 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.057% cheaper against SunX than usual: you would sell low and buy high (spread −0.213% now, against its 7-day average of −0.157%). If the spread goes back, that is −$6 on $10k: about 5.9 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX XAU-USDT4,354.80get 0.0000% / 4h1h 12m$93K$9.2M20x
ShortExtended XAU-USD4,345.50.0032get 0.0004% / 1h12m 42s$13.5M$38.4M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$6.72
Price spread: −0.213% → −0.157%
−$5.69
Slippage, 4 orders
−$49.63
Fee SunX: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$61.6
Costs to cover
0.626%
Break-even
71.2 days
Slippage from SunX: live order book, 6 min ago; Extended: live order book, 1 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, 6 min ago23.66 bp27.7 bp −$2840.9 bp −$409doesn't fitdoesn't fit
Sell Extended live order book, 1 min ago0.12 bp2.6 bp −$33.5 bp −$358.3 bp −$825doesn'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
Gate XAU_USDT0.0000%4h4,350.6−0.098%$264.3M$415.5M100xas long as short
SunX XAU-USDTlong0.0000%4h4,354.8long leg$93K$9.2M20x
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,346.7−0.188%$267K250xas long as short
RISEx XAU/USDC+0.0010%1h4,349−0.133%$3.4M$12.4M25xas long as short
Extended XAU-USDshort+0.0032%1h4,345.5−0.213%$13.5M$38.4M25x
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.101%$619$5452xas long as short
Kalshi KXGOLDPERP+0.0040%24h4,348.7−0.141%$4.1M$37.1M15xas long as short
StandX XAU-USD+0.0040%1h4,350.6−0.097%$3.8M$4.6M40xas long as short
Aster XAUUSD1+0.0041%4h4,349.6−0.120%$70.6M$334.1M20xas long as short
Vest GC-PERP+0.0046%1h4,384+0.670%$1.0M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX GOLD-USD+0.0046%1h4,349.8−0.115%$5.7M$2.0M20xas long as short
Coinbase International GOLD-PERP-INTX+0.0048%1h4,347.7−0.163%$2.0M$4.9M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,347−0.180%$293.8M$48.9M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,345.2−0.221%$15.1M$56.8M25xas long as short
GRVT XAU_USDT_Perp+0.0054%4h4,352.8−0.046%$1.4M$3.0M25xas long as short
Variational Omni XAU+0.0055%4h4,351.4−0.078%$48.5M$27.9Mas long as short
Lighter XAU+0.0056%1h4,347.9−0.159%$20.6M$42.6M25xas long as short
Lighter RH XAU+0.0064%1h4,350.4−0.101%$20.1M$39.9M25xas long as short
MEXC XAU_USDT+0.0072%4h4,349.3−0.128%$372.6M$319.7M1000xas long as short
Binance XAUUSDT+0.0073%4h4,349.1−0.132%$410.4M$2.10B100xas long as short
Paradex XAU-USD-PERP+0.0078%8h4,349.1−0.130%$19K$5K5xas long as short
edgeX XAUUSDC+0.0079%4h4,349.3−0.127%$30.3M$58.6M50xas long as short
Hotstuff GOLD-PERP+0.0088%1h4,347.7−0.163%$33K25xas long as short
Aevo XAU-PERP+0.0096%1h4,349.8−0.115%$161K$8710xas long as short
Pacifica XAU+0.0100%1h4,346.4−0.193%$1.4M$1.1M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,351.1−0.087%$275K$203K50xas long as short
Polymarket Perps GOLD-USD+0.0117%1h4,350−0.111%$4.3M$1.9M20xas long as short
Phoenix GOLD+0.0136%1h4,350.4−0.101%$47K$77K25xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0164%1h4,348.8−0.138%$254K$752K25xas long as short
Bullet GOLD-USD+0.0193%1h4,350.6−0.096%$60K$83K10xas long as short
Phemex XAUUSDT+0.0194%4h4,354−0.019%$2.2M$1.1M100xas long as short
Bybit XAUUSDT+0.0201%4h4,350.6−0.098%$84.4M$145.3M150xas long as short
Bitget XAUUSDT+0.0214%4h4,349.3−0.127%$70.3M$109.5M100xas long as short
OKX XAU-USDT-SWAP+0.0256%8h4,350.4−0.101%$165.3M$283.0M100xas long as short
Kraken Futures PF_XAUUSD+0.0270%1h4,347.8−0.162%$593K$133K25xas long as short
BloFin XAU-USDT+0.0294%4h4,350.7−0.094%$15.6M$4.6M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0403% / S −0.0217%1h4,350.6−0.097%$248K111xas long as short
HTX XAU-USDT+0.0577%4h4,356.1+0.030%$2.9M$4.2M75xas long as short
Bluefin GOLD-PERP+0.0630%1h4,344.2−0.245%$25K$14K20xas long as short