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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0043%/8h= +4.7% APRnext payment +$0.21 per $10,000 · paid last 24h +0.036%
Price spread now: Aster against SunX−0.066%46s7-day average −0.091% · you buy dearer than you sell
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$650.651% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.160%+$16 on $10k
Price spread, last 4 days (all we have)−0.127%−$13 · spread now −0.066%, 7d avg −0.091%
Together, before fees+0.032%+ Points / potential airdropAster: Stage 5 · farm board+$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aster is 0.025% dearer against SunX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.091%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX XAU-USDT4,359.80get 0.0000% / 4h1h 26m$93K$9.2M20x
ShortAster XAUUSD14,356.90.0043get 0.0021% / 4h1h 26m$70.5M$333.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster 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
$8.93
Price spread: −0.066% → −0.091%
$2.48
Slippage, 4 orders
−$49.12
Fee SunX: 4 bp × 2 orders
−$8
Fee Aster: 4 bp × 2 orders
−$8
Net
−$53.71
Costs to cover
0.651%
Break-even
49.1 days
Slippage from SunX: live order book, 13 min ago; Aster: live order book, 3 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, 13 min ago23.51 bp27.5 bp −$2840.6 bp −$406doesn't fitdoesn't fit
Sell Aster live order book, 3 min ago0.01 bp4.0 bp −$44.3 bp −$4312.2 bp −$1,218doesn'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
SunX XAU-USDTlong0.0000%4h4,359.8long leg$93K$9.2M20x
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,353.2−0.150%$267K250xas long as short
Gate XAU_USDT+0.0008%4h4,358.6−0.026%$265.1M$412.1M100xas long as short
RISEx XAU/USDC+0.0010%1h4,356.7−0.070%$3.4M$12.4M25xas long as short
Extended XAU-USD+0.0032%1h4,353.7−0.140%$13.6M$39.0M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.214%$619$5452xas long as short
Kalshi KXGOLDPERP+0.0039%24h4,353.6−0.141%$4.1M$37.0M15xas long as short
StandX XAU-USD+0.0040%1h4,356.4−0.077%$3.8M$4.6M40xas long as short
Aster XAUUSD1short+0.0043%4h4,356.9−0.066%$70.5M$333.8M20x
Vest GC-PERP+0.0046%1h4,389.7+0.687%$1.0M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX GOLD-USD+0.0046%1h4,355.8−0.091%$5.6M$1.9M20xas long as short
Coinbase International GOLD-PERP-INTX+0.0048%1h4,352.2−0.173%$2.0M$4.9M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,352.8−0.159%$294.1M$48.8M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,353.8−0.136%$15.1M$57.3M25xas long as short
GRVT XAU_USDT_Perp+0.0052%4h4,353.7−0.140%$1.4M$3.0M25xas long as short
Lighter XAU+0.0056%1h4,356.6−0.072%$20.7M$42.3M25xas long as short
Variational Omni XAU+0.0057%4h4,353−0.156%$48.3M$27.8Mas long as short
Lighter RH XAU+0.0064%1h4,358.4−0.032%$20.2M$39.7M25xas long as short
MEXC XAU_USDT+0.0074%4h4,357.2−0.059%$372.2M$318.7M1000xas long as short
Binance XAUUSDT+0.0074%4h4,356.4−0.078%$413.0M$2.10B100xas long as short
Paradex XAU-USD-PERP+0.0081%8h4,357.7−0.047%$19K$5K5xas long as short
edgeX XAUUSDC+0.0087%4h4,349.1−0.245%$30.3M$58.2M50xas long as short
Aevo XAU-PERP+0.0096%1h4,355−0.110%$161K$8710xas long as short
Pacifica XAU+0.0100%1h4,353.3−0.148%$1.4M$1.1M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,351−0.201%$275K$202K50xas long as short
Polymarket Perps GOLD-USD+0.0126%1h4,355.6−0.095%$4.3M$1.9M20xas long as short
Phoenix GOLD+0.0136%1h4,350.3−0.217%$47K$77K25xas long as short
Phemex XAUUSDT+0.0137%4h4,356.8−0.067%$2.2M$1.1M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0140%1h4,355.1−0.107%$258K$707K25xas long as short
Hotstuff GOLD-PERP+0.0168%1h4,353.4−0.146%$33K25xas long as short
Bybit XAUUSDT+0.0197%4h4,357.5−0.051%$84.5M$145.6M150xas long as short
Bitget XAUUSDT+0.0212%4h4,356.4−0.078%$70.2M$109.4M100xas long as short
Bullet GOLD-USD+0.0212%1h4,356.1−0.084%$59K$83K10xas long as short
OKX XAU-USDT-SWAP+0.0253%8h4,357.3−0.056%$165.1M$282.1M100xas long as short
Kraken Futures PF_XAUUSD+0.0269%1h4,353.4−0.146%$594K$133K25xas long as short
BloFin XAU-USDT+0.0298%4h4,356−0.086%$15.5M$4.6M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0401% / S −0.0212%1h4,356.7−0.069%$249K111xas long as short
HTX XAU-USDT+0.0565%4h4,359.9+0.003%$2.9M$4.2M75xas long as short
Bluefin GOLD-PERP+0.0641%1h4,349.1−0.245%$25K$14K20xas long as short