Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: SunX against ApeX Omni+0.093%7-day average +0.139% · you sell dearer than you buy

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$930.930% of the position

Long on ApeX Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.210%−$21 on $10k

Price spread, last 3 days (all we have)+0.082%+$8 · spread now +0.093%, 7d avg +0.139%

Together, before fees−0.128%−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and SunX is 0.047% cheaper against ApeX Omni than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.139%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XAUUSDT	4,353.9	0.0100	pay 0.0013% / 1h	37m 10s	$275K	$204K	50x
Short	SunX XAU-USDT	4,357.9	0	get 0.0000% / 4h	2h 37m	$93K	$9.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against ApeX Omni. 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 ApeX OmnibpFee SunXbpOrdersPrice spread, now +0.093%Rate

Funding earned: −$21
Price spread: +0.093% → +0.139%: −$4.65
Slippage, 4 orders: −$74.97
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$118.62
Costs to cover: 0.930%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 30 min ago; SunX: live order book, 12 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 ApeX Omni live order book, 30 min ago	4.15 bp	15.7 bp −$16	25.2 bp −$252	35.0 bp −$3,499	doesn't fit
Sell SunX live order book, 12 min ago	23.68 bp	29.6 bp −$30	47.2 bp −$472	doesn't fit	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	−0.131%	$25K	$14K	20x	as long as short
Aster XAUUSD1	0.0000%	4h	4,355.1	+0.029%	$69.7M	$292.4M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,356.7	+0.065%	$263.2M	$408.0M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,352.3	−0.036%	$4.1M	$36.5M	15x	as long as short
SunX XAU-USDTshort	0.0000%	4h	4,357.9	+0.093%	$93K	$9.7M	20x
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,350.2	−0.085%	$269K	—	250x	as long as short
Extended XAU-USD	+0.0032%	1h	4,350.2	−0.083%	$13.6M	$43.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0032%	1h	4,352.8	−0.024%	$33K	—	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.079%	$619	$54	52x	as long as short
Lighter XAU	+0.0040%	1h	4,353.9	+0.001%	$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	+0.049%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,388.2	+0.789%	—	$1.0M	25x	as long as short
Lighter RH XAU	+0.0048%	1h	4,356.2	+0.053%	$20.1M	$40.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,351.3	−0.059%	$293.9M	$48.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,352.7	−0.026%	$15.0M	$57.7M	25x	as long as short
QFEX GOLD-USD	+0.0051%	1h	4,354.8	+0.022%	$5.6M	$1.9M	20x	as long as short
Polymarket Perps GOLD-USD	+0.0060%	1h	4,353	−0.020%	$4.3M	$1.9M	20x	as long as short
Variational Omni XAU	+0.0061%	4h	4,355.7	+0.042%	$48.3M	$28.4M	—	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,350.9	−0.068%	$2.0M	$5.0M	25x	as long as short
edgeX XAUUSDC	+0.0084%	4h	4,350.2	−0.084%	$30.3M	$60.6M	50x	as long as short
Paradex XAU-USD-PERP	+0.0084%	8h	4,355.6	+0.040%	$19K	$5K	5x	as long as short
MEXC XAU_USDT	+0.0084%	4h	4,354.4	+0.013%	$374.0M	$322.0M	1000x	as long as short
Binance XAUUSDT	+0.0086%	4h	4,354.7	+0.019%	$409.3M	$2.10B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,352.4	−0.034%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDTlong	+0.0100%	1h	4,353.9	long leg	$275K	$204K	50x
Aevo XAU-PERP	+0.0104%	1h	4,353.2	−0.016%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0121%	1h	4,355.1	+0.028%	$48K	$64K	25x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,355.3	+0.032%	$3.4M	$12.4M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0136%	4h	4,357.5	+0.083%	$1.4M	$2.9M	25x	as long as short
Bitget XAUUSDT	+0.0150%	4h	4,355.8	+0.044%	$69.2M	$109.7M	100x	as long as short
Bullet GOLD-USD	+0.0158%	1h	4,354.2	+0.008%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0185%	4h	4,356.3	+0.056%	$84.1M	$143.6M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0225%	8h	4,356.1	+0.051%	$164.9M	$284.3M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0256%	1h	4,353.1	−0.017%	$234K	$661K	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,351.2	−0.062%	$593K	$141K	25x	as long as short
BloFin XAU-USDT	+0.0286%	4h	4,364.8	+0.251%	$15.5M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0382%	4h	4,358.5	+0.107%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0394% / S −0.0199%	1h	4,354	+0.004%	$253K	—	111x	as long as short
HTX XAU-USDT	+0.0525%	4h	4,358.9	+0.116%	$2.9M	$3.9M	75x	as long as short