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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0108%/8h= +11.8% APRnext payment +$0.54 per $10,000 · paid last 24h +0.030%
Price spread now: MEXC against SunX−0.101%7-day average −0.100% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$610.609% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.179%+$18 on $10k
Price spread, last 4 days (all we have)−0.125%−$13 · spread now −0.101%, 7d avg −0.100%
Together, before fees+0.054%+$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.100%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX XAU-USDT4,303.20get 0.0000% / 4h3h 28m$91K$6.7M20x
ShortMEXC XAU_USDT4,298.90.0108get 0.0054% / 4h3h 28m$362.5M$342.3M1000x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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
$22.68
Price spread: −0.101% → −0.100%
−$0.05
Slippage, 4 orders
−$48.92
Fee SunX: 4 bp × 2 orders
−$8
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$38.28
Costs to cover
0.609%
Break-even
18.8 days
Slippage from SunX: live order book, 11 min ago; MEXC: live order book, 6 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, 11 min ago23.45 bp27.4 bp −$2740.3 bp −$403doesn't fitdoesn't fit
Sell MEXC live order book, 6 min ago0.04 bp2.0 bp −$22.1 bp −$217.8 bp −$78423.6 bp −$11.8K

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
SunX XAU-USDTlong0.0000%4h4,303.2long leg$91K$6.7M20x
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,295.1−0.189%$272K250xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+1.096%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,304.4+0.027%$3.8M$4.5M40xas long as short
Vest GC-PERP+0.0046%1h4,332.5+0.680%$1.0M25xas long as short
QFEX GOLD-USD+0.0046%1h4,299.3−0.092%$6.6M$3.1M20xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,296.2−0.164%$290.3M$54.7M25xas long as short
Polymarket Perps GOLD-USD+0.0050%1h4,295.8−0.173%$4.3M$1.8M20xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,295.5−0.180%$15.0M$55.8M25xas long as short
Aster XAUUSD1+0.0055%4h4,300.6−0.060%$73.3M$271.4M20xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International GOLD-PERP-INTX+0.0056%1h4,295.9−0.171%$2.0M$5.1M25xas long as short
Paradex XAU-USD-PERP+0.0061%8h4,301.6−0.039%$2K$13K5xas long as short
Hotstuff GOLD-PERP+0.0072%1h4,300−0.075%$32K25xas long as short
Lighter XAU+0.0080%1h4,298.1−0.120%$20.2M$29.2M25xas long as short
Extended XAU-USD+0.0080%1h4,295.9−0.171%$13.0M$36.3M25xas long as short
Variational Omni XAU+0.0092%4h4,306.3+0.072%$46.7M$29.2Mas long as short
Phoenix GOLD+0.0095%1h4,306.2+0.069%$42K$86K25xas long as short
Bybit XAUUSDT+0.0097%4h4,300.8−0.057%$77.6M$159.1M150xas long as short
Pacifica XAU+0.0100%1h4,297.6−0.131%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,303.5+0.005%$275K$218K50xas long as short
MEXC XAU_USDTshort+0.0108%4h4,298.9−0.101%$362.5M$342.3M1000x
Binance XAUUSDT+0.0109%4h4,299.8−0.079%$435.3M$2.24B100xas long as short
Kalshi KXGOLDPERP+0.0111%24h4,301−0.052%$3.6M$46.8M15xas long as short
Lighter RH XAU+0.0112%1h4,301−0.052%$19.7M$40.3M25xas long as short
Aevo XAU-PERP+0.0112%1h4,299.7−0.083%$159K$8710xas long as short
edgeX XAUUSDC+0.0121%4h4,304+0.018%$30.0M$62.0M50xas long as short
RISEx XAU/USDC+0.0126%1h4,299.6−0.084%$4.4M$13.1M25xas long as short
GRVT XAU_USDT_Perp+0.0132%4h4,306+0.063%$1.4M$3.1M25xas long as short
Gate XAU_USDT+0.0152%4h4,301.6−0.039%$297.7M$430.9M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0192%1h4,298−0.122%$133K$851K25xas long as short
Bitget XAUUSDT+0.0196%4h4,299.8−0.081%$70.5M$126.3M100xas long as short
Bullet GOLD-USD+0.0198%1h4,299.4−0.089%$58K$81K10xas long as short
OKX XAU-USDT-SWAP+0.0250%8h4,300.9−0.054%$170.1M$335.4M100xas long as short
Kraken Futures PF_XAUUSD+0.0329%1h4,296.1−0.165%$572K$139K25xas long as short
BloFin XAU-USDT+0.0391%4h4,305.5+0.053%$16.3M$5.0M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0465% / S −0.0313%1h4,299.1−0.096%$254K111xas long as short
Phemex XAUUSDT+0.0656%4h4,303.6+0.007%$2.2M$956K100xas long as short
HTX XAU-USDT+0.1140%4h4,305.8+0.059%$3.2M$6.8M75xas long as short
Bluefin GOLD-PERP+0.3247%1h4,293.8−0.219%$25K$1K20xas long as short