Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: SunX against Vest−0.664%7-day average −0.767% · you buy dearer than you sell

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

Long on Vest Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.045%−$5 on $10k

Price spread, last 4 days (all we have)+0.090%+$9 · spread now −0.664%, 7d avg −0.767%

Together, before fees+0.045%+ Points / potential airdropVest: Active · farm board+$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.103% dearer against Vest than usual: you sell high and buy low (spread −0.664% now, against its 7-day average of −0.767%): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest GC-PERP	4,388.9	0.0046	pay 0.0006% / 1h	26m 54s	—	$1.0M	25x
Short	SunX XAU-USDT	4,359.8	0	get 0.0000% / 4h	1h 26m	$93K	$9.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Vest. 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 VestbpFee SunXbpOrdersPrice spread, now −0.664%Rate

Funding earned: −$9.59
Price spread: −0.664% → −0.767%: $10.3
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee SunX: 4 bp × 2 orders: −$8
Net: −$9.3
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; SunX: live order book, 12 min ago. 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 Vest no order-book sample	—	—	—	—	—
Sell SunX live order book, 12 min ago	23.51 bp	29.6 bp −$30	47.1 bp −$471	doesn't fit	doesn't fit

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
SunX XAU-USDTshort	0.0000%	4h	4,359.8	−0.664%	$93K	$9.2M	20x
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,353.2	−0.813%	$267K	—	250x	as long as short
Gate XAU_USDT	+0.0006%	4h	4,358.3	−0.698%	$265.1M	$412.1M	100x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,354.9	−0.775%	$3.4M	$12.4M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,353.3	−0.811%	$13.6M	$39.0M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.877%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0039%	24h	4,353.6	−0.804%	$4.1M	$37.0M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,354.2	−0.791%	$3.8M	$4.6M	40x	as long as short
Aster XAUUSD1	+0.0043%	4h	4,357.1	−0.725%	$70.5M	$333.8M	20x	as long as short
Vest GC-PERPlong	+0.0046%	1h	4,388.9	long leg	—	$1.0M	25x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USD	+0.0046%	1h	4,353	−0.818%	$5.6M	$1.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,352.2	−0.836%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,353.3	−0.811%	$294.1M	$48.7M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,352	−0.841%	$15.1M	$57.3M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0052%	4h	4,353.7	−0.803%	$1.4M	$3.0M	25x	as long as short
Lighter XAU	+0.0056%	1h	4,355.7	−0.757%	$20.7M	$42.3M	25x	as long as short
Variational Omni XAU	+0.0057%	4h	4,353	−0.819%	$48.3M	$27.8M	—	as long as short
Lighter RH XAU	+0.0064%	1h	4,358	−0.705%	$20.1M	$39.7M	25x	as long as short
MEXC XAU_USDT	+0.0074%	4h	4,356.9	−0.730%	$372.2M	$318.7M	1000x	as long as short
Binance XAUUSDT	+0.0075%	4h	4,357	−0.728%	$413.1M	$2.10B	100x	as long as short
Paradex XAU-USD-PERP	+0.0081%	8h	4,355.8	−0.755%	$19K	$5K	5x	as long as short
edgeX XAUUSDC	+0.0087%	4h	4,349.1	−0.908%	$30.3M	$58.2M	50x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,355	−0.773%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,351.8	−0.845%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,351	−0.864%	$275K	$202K	50x	as long as short
Polymarket Perps GOLD-USD	+0.0127%	1h	4,355.4	−0.763%	$4.3M	$1.9M	20x	as long as short
Phoenix GOLD	+0.0136%	1h	4,350.3	−0.879%	$47K	$77K	25x	as long as short
Phemex XAUUSDT	+0.0137%	4h	4,356.8	−0.731%	$2.2M	$1.1M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0140%	1h	4,355.1	−0.770%	$258K	$707K	25x	as long as short
Bybit XAUUSDT	+0.0197%	4h	4,358.2	−0.699%	$84.6M	$145.5M	150x	as long as short
Hotstuff GOLD-PERP	+0.0200%	1h	4,351.2	−0.859%	$33K	—	25x	as long as short
Bitget XAUUSDT	+0.0212%	4h	4,357.1	−0.724%	$70.2M	$109.4M	100x	as long as short
Bullet GOLD-USD	+0.0212%	1h	4,356.1	−0.748%	$59K	$83K	10x	as long as short
OKX XAU-USDT-SWAP	+0.0253%	8h	4,357.8	−0.709%	$165.1M	$282.2M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,353.4	−0.809%	$594K	$133K	25x	as long as short
BloFin XAU-USDT	+0.0298%	4h	4,356	−0.750%	$15.5M	$4.6M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0401% / S −0.0212%	1h	4,356.7	−0.733%	$249K	—	111x	as long as short
HTX XAU-USDT	+0.0565%	4h	4,359.9	−0.661%	$2.9M	$4.2M	75x	as long as short
Bluefin GOLD-PERP	+0.0641%	1h	4,349.1	−0.907%	$25K	$14K	20x	as long as short