Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against SunX+0.659%7-day average +0.763% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.047%+$5 on $10k

Price spread, last 4 days (all we have)−0.017%−$2 · spread now +0.659%, 7d avg +0.763%

Together, before fees+0.030%+ Points / potential airdropVest: Active · farm board+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Vest is 0.103% cheaper against SunX than usual: you would sell low and buy high (spread +0.659% now, against its 7-day average of +0.763%). If the spread goes back, that is −$10 on $10k: about 7.5 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XAU-USDT	4,325.2	0	get 0.0000% / 4h	1h 49m	$92K	$8.0M	20x
Short	Vest GC-PERP	4,353.7	0.0046	get 0.0006% / 1h	49m 58s	—	$1.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.659%Rate

Funding earned: $9.59
Price spread: +0.659% → +0.763%: −$10.34
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Vest: 1 bp × 2 orders: −$2
Net: −$10.75
Costs to cover: 0.100%
Break-even: 14.8 days

Slippage unknown: SunX: live order book, 9 min ago; Vest: no order-book sample. Net counts fees only.

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, 9 min ago	23.53 bp	27.5 bp −$28	40.4 bp −$404	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bluefin GOLD-PERP	−0.0050%	1h	4,314.5	−0.247%	$25K	$14K	20x	as long as short
SunX XAU-USDTlong	0.0000%	4h	4,325.2	long leg	$92K	$8.0M	20x
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,317.2	−0.184%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0008%	4h	4,323.7	−0.034%	$77.4M	$157.4M	150x	as long as short
Extended XAU-USD	+0.0032%	1h	4,317.9	−0.169%	$13.2M	$36.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.584%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,322.3	−0.067%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,319.4	−0.134%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERPshort	+0.0046%	1h	4,353.7	+0.659%	—	$1.0M	25x
tradeXYZ xyz:GOLD	+0.0050%	1h	4,318.2	−0.161%	$291.4M	$51.7M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,317	−0.190%	$15.0M	$55.8M	25x	as long as short
Lighter XAU	+0.0056%	1h	4,320.6	−0.106%	$20.3M	$30.2M	25x	as long as short
Hotstuff GOLD-PERP	+0.0064%	1h	4,319.8	−0.124%	$32K	—	25x	as long as short
Kalshi KXGOLDPERP	+0.0069%	24h	4,322.6	−0.060%	$3.9M	$43.0M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,317.9	−0.168%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0073%	8h	4,320.9	−0.100%	$19K	$5K	5x	as long as short
GRVT XAU_USDT_Perp	+0.0080%	4h	4,323.7	−0.033%	$1.4M	$3.0M	25x	as long as short
Aster XAUUSD1	+0.0080%	4h	4,323.2	−0.045%	$72.4M	$312.4M	20x	as long as short
Gate XAU_USDT	+0.0082%	4h	4,324.8	−0.008%	$277.2M	$408.9M	100x	as long as short
Variational Omni XAU	+0.0093%	4h	4,320.2	−0.114%	$47.3M	$29.3M	—	as long as short
MEXC XAU_USDT	+0.0098%	4h	4,322.5	−0.061%	$360.8M	$325.7M	1000x	as long as short
Phoenix GOLD	+0.0100%	1h	4,320.2	−0.115%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,317.3	−0.182%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,319.8	−0.124%	$272K	$208K	50x	as long as short
Binance XAUUSDT	+0.0101%	4h	4,322.8	−0.056%	$415.2M	$2.14B	100x	as long as short
Lighter RH XAU	+0.0104%	1h	4,322.8	−0.054%	$19.8M	$38.3M	25x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,320.8	−0.101%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0105%	4h	4,319.3	−0.136%	$30.1M	$60.8M	50x	as long as short
Kraken Futures PF_XAUUSD	+0.0154%	1h	4,318.5	−0.154%	$588K	$131K	25x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,322.6	−0.059%	$4.2M	$12.8M	25x	as long as short
Bullet GOLD-USD	+0.0201%	1h	4,321.6	−0.083%	$59K	$81K	10x	as long as short
HTX XAU-USDT	+0.0215%	4h	4,325.4	+0.006%	$2.8M	$5.0M	75x	as long as short
Polymarket Perps GOLD-USD	+0.0218%	1h	4,321.6	−0.083%	$4.2M	$1.9M	20x	as long as short
Bitget XAUUSDT	+0.0236%	4h	4,322.6	−0.059%	$67.9M	$119.2M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0283%	1h	4,320.3	−0.113%	$193K	$830K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0316%	8h	4,323.3	−0.043%	$170.3M	$296.6M	100x	as long as short
BloFin XAU-USDT	+0.0340%	4h	4,322.3	−0.068%	$16.1M	$4.4M	100x	as long as short
Phemex XAUUSDT	+0.0409%	4h	4,324.3	−0.019%	$2.2M	$962K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0463% / S −0.0307%	1h	4,321.4	−0.086%	$252K	—	111x	as long as short