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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%
Price spread now: Ondo Perps against SunX−0.179%7-day average −0.217% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.103%+$10 on $10k
Price spread, last 4 days (all we have)−0.152%−$15 · spread now −0.179%, 7d avg −0.217%
Together, before fees−0.049%+ Points / potential airdropOndo Perps: Active · farm board−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.038% dearer against SunX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.217%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX XAU-USDT4,315.20get 0.0000% / 4h3h 20m$92K$6.7M20x
ShortOndo Perps XAU-USD.P4,307.50.0050get 0.0006% / 1h20m 28s$15.0M$56.0M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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
$10.58
Price spread: −0.179% → −0.217%
$3.82
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
$1.4
Costs to cover
0.130%
Break-even
6.1 days
Slippage unknown: SunX: live order book, 9 min ago; Ondo Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 9 min ago23.43 bp27.4 bp −$2740.2 bp −$402doesn't fitdoesn't fit
Sell Ondo Perps no order-book sample
Ondo Perps: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX XAU-USDTlong0.0000%4h4,315.2long leg$92K$6.7M20x
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,305.5−0.224%$273K250xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.816%$619$5452xas long as short
Vest GC-PERP+0.0046%1h4,343.5+0.656%$1.0M25xas long as short
QFEX GOLD-USD+0.0046%1h4,309.1−0.141%$6.6M$3.1M20xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,308.3−0.160%$291.0M$54.5M25xas long as short
Polymarket Perps GOLD-USD+0.0050%1h4,310.3−0.113%$4.3M$1.8M20xas long as short
Ondo Perps XAU-USD.Pshort+0.0050%1h4,307.5−0.179%$15.0M$56.0M25x
Coinbase International GOLD-PERP-INTX+0.0056%1h4,306.7−0.197%$2.0M$5.1M25xas long as short
Paradex XAU-USD-PERP+0.0062%8h4,309.8−0.125%$2K$13K5xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster XAUUSD1+0.0069%4h4,312.9−0.053%$73.6M$271.5M20xas long as short
Lighter XAU+0.0080%1h4,309.4−0.133%$20.2M$29.6M25xas long as short
Hotstuff GOLD-PERP+0.0080%1h4,306.8−0.194%$32K25xas long as short
StandX XAU-USD+0.0093%1h4,311.3−0.090%$3.8M$4.5M40xas long as short
Phoenix GOLD+0.0095%1h4,301.6−0.315%$42K$86K25xas long as short
Extended XAU-USD+0.0096%1h4,307−0.190%$13.0M$36.1M25xas long as short
Pacifica XAU+0.0100%1h4,306.5−0.202%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,301.8−0.311%$273K$219K50xas long as short
Lighter RH XAU+0.0104%1h4,312−0.074%$19.8M$40.6M25xas long as short
Aevo XAU-PERP+0.0112%1h4,310.5−0.109%$160K$8710xas long as short
Kalshi KXGOLDPERP+0.0114%24h4,312.8−0.055%$3.6M$47.1M15xas long as short
Variational Omni XAU+0.0115%4h4,311.4−0.087%$46.9M$29.9Mas long as short
edgeX XAUUSDC+0.0117%4h4,300.7−0.335%$30.0M$62.5M50xas long as short
MEXC XAU_USDT+0.0122%4h4,311.8−0.078%$360.3M$347.7M1000xas long as short
RISEx XAU/USDC+0.0126%1h4,312−0.074%$4.5M$13.4M25xas long as short
Binance XAUUSDT+0.0130%4h4,311.6−0.082%$437.3M$2.26B100xas long as short
Bybit XAUUSDT+0.0141%4h4,313.6−0.038%$79.7M$161.2M150xas long as short
Gate XAU_USDT+0.0178%4h4,313.2−0.047%$302.0M$436.3M100xas long as short
GRVT XAU_USDT_Perp+0.0188%4h4,306.4−0.204%$1.4M$3.1M25xas long as short
Bullet GOLD-USD+0.0197%1h4,311.9−0.076%$58K$77K10xas long as short
Bitget XAUUSDT+0.0202%4h4,311.6−0.082%$70.3M$127.4M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0214%1h4,310.4−0.111%$133K$831K25xas long as short
OKX XAU-USDT-SWAP+0.0251%8h4,312.8−0.055%$170.6M$341.2M100xas long as short
Kraken Futures PF_XAUUSD+0.0328%1h4,308.6−0.153%$573K$139K25xas long as short
BloFin XAU-USDT+0.0394%4h4,311.7−0.080%$16.4M$5.2M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0465% / S −0.0313%1h4,311.9−0.076%$254K111xas long as short
Phemex XAUUSDT+0.0512%4h4,312.6−0.059%$2.2M$986K100xas long as short
HTX XAU-USDT+0.1220%4h4,318.1+0.067%$3.2M$6.8M75xas long as short
Bluefin GOLD-PERP+0.2471%1h4,304.6−0.245%$25K$1K20xas long as short