Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h +0.001%

Price spread now: gTrade (Gains Network) against SunX−0.177%7-day average −0.184% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$324as in the Price arb table

costs, in and out, $10k−$3243.244% of the position

Long on SunX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.064%−$6 · spread now −0.177%, 7d avg −0.184%

Together, before fees−0.063%−$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XAU-USDT	4,357.9	0	get 0.0000% / 4h	2h 37m	$93K	$9.7M	20x
Short	gTrade (Gains Network) XAU/USD	4,350.2	L +0.0002% / S −0.0003%	get 0.0000% / 1h	37m 22s	$269K	—	250x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.177%Rate

Funding earned: $0.67
Price spread: −0.177% → −0.184%: $0.71
Slippage, 4 orders: −$309.35
Fee SunX: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Net: −$322.97
Costs to cover: 3.244%
Break-even: 3387.1 days

Slippage from SunX: live order book, 12 min ago; gTrade (Gains Network): virtual book (oracle venue), 62 min ago.

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, 12 min ago	23.68 bp	27.7 bp −$28	40.7 bp −$407	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 62 min ago	130.01 bp	133.5 bp −$134	243.0 bp −$2,430	1975.4 bp −$197.5K	doesn't fit

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	−0.0316%	1h	4,348.2	−0.224%	$25K	$14K	20x	as long as short
Aster XAUUSD1	0.0000%	4h	4,354.7	−0.074%	$69.7M	$292.3M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,355.7	−0.050%	$263.2M	$407.9M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,353.9	−0.092%	$4.1M	$36.5M	15x	as long as short
SunX XAU-USDTlong	0.0000%	4h	4,357.9	long leg	$93K	$9.7M	20x
gTrade (Gains Network) XAU/USDshort	L +0.0002% / S −0.0003%	1h	4,350.2	−0.177%	$269K	—	250x
Extended XAU-USD	+0.0032%	1h	4,351.7	−0.143%	$13.6M	$43.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0032%	1h	4,352.8	−0.117%	$33K	—	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.172%	$619	$54	52x	as long as short
Lighter XAU	+0.0040%	1h	4,354.7	−0.073%	$20.6M	$43.5M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAU-USD	+0.0040%	1h	4,356	−0.044%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,388.2	+0.695%	—	$1.0M	25x	as long as short
Lighter RH XAU	+0.0048%	1h	4,357.1	−0.019%	$20.1M	$40.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,351.3	−0.151%	$293.9M	$48.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,352.7	−0.119%	$15.0M	$57.7M	25x	as long as short
QFEX GOLD-USD	+0.0051%	1h	4,354.8	−0.071%	$5.6M	$1.9M	20x	as long as short
Polymarket Perps GOLD-USD	+0.0060%	1h	4,353	−0.112%	$4.3M	$1.9M	20x	as long as short
Variational Omni XAU	+0.0061%	4h	4,355.7	−0.050%	$48.3M	$28.4M	—	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,350.9	−0.161%	$2.0M	$5.0M	25x	as long as short
edgeX XAUUSDC	+0.0084%	4h	4,350.2	−0.177%	$30.3M	$60.6M	50x	as long as short
Paradex XAU-USD-PERP	+0.0084%	8h	4,355.6	−0.052%	$19K	$5K	5x	as long as short
MEXC XAU_USDT	+0.0084%	4h	4,354.1	−0.087%	$372.2M	$321.6M	1000x	as long as short
Binance XAUUSDT	+0.0086%	4h	4,354	−0.089%	$409.2M	$2.10B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,352.4	−0.126%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,353.9	−0.093%	$275K	$204K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,353.2	−0.108%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0121%	1h	4,355.1	−0.064%	$48K	$64K	25x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,355.3	−0.061%	$3.4M	$12.4M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0136%	4h	4,357.5	−0.010%	$1.4M	$2.9M	25x	as long as short
Bitget XAUUSDT	+0.0150%	4h	4,354.4	−0.080%	$69.2M	$109.7M	100x	as long as short
Bullet GOLD-USD	+0.0158%	1h	4,354.2	−0.084%	$59K	$83K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0164%	1h	4,353.7	−0.096%	$234K	$661K	25x	as long as short
Bybit XAUUSDT	+0.0185%	4h	4,355.1	−0.064%	$84.1M	$143.7M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0225%	8h	4,355.6	−0.053%	$164.9M	$284.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,352.7	−0.120%	$594K	$141K	25x	as long as short
BloFin XAU-USDT	+0.0286%	4h	4,364.8	+0.158%	$15.5M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0368%	4h	4,359.7	+0.040%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0394% / S −0.0199%	1h	4,354	−0.089%	$253K	—	111x	as long as short
HTX XAU-USDT	+0.0527%	4h	4,359.5	+0.037%	$2.9M	$3.9M	75x	as long as short