Funding you earn now, next payment 04:00 UTC−0.0286%/8h= −31.3% APRnext payment −$1.43 per $10,000 · paid last 24h −0.115%
Price spread now: SunX against BloFin−0.110%655s7-day average +0.089% · you buy dearer than you sell
Net, funding: paid 7d − costs−$122as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$690.694% of the position
Funding, last 7 days−0.530%−$53 on $10k
+Price spread, last 3 days (all we have)+0.203%+$20 · spread now −0.110%, 7d avg +0.089%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and SunX is 0.199% cheaper against BloFin than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.089%). Swap the legs. The two prices were read 655 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin XAU-USDT | 4,364.8 | 0.0286 | pay 0.0143% / 4h | 2h 37m | $15.5M | $4.6M | 100x |
| Short | SunX XAU-USDT | 4,360 | 0 | get 0.0000% / 4h | 2h 37m | $93K | $9.7M | 20x |
BloFin XAU-USDT
SunX XAU-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$60.04
- Price spread: −0.110% → +0.089%
- −$19.89
- Slippage, 4 orders
- −$49.37
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$149.31
- Costs to cover
- 0.694%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 11 min ago; SunX: live order book, 11 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 BloFin live order book, 11 min ago | 0.01 bp | 6.0 bp −$6 | 6.2 bp −$62 | 8.0 bp −$802 | doesn't fit |
| Sell SunX live order book, 11 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 | −0.0323% | 1h | 4,348.4 | −0.375% | $25K | $14K | 20x | as long as short |
| Aster XAUUSD1 | 0.0000% | 4h | 4,356.5 | −0.191% | $69.7M | $291.7M | 20x | as long as short |
| Gate XAU_USDT | 0.0000% | 4h | 4,357.3 | −0.171% | $263.3M | $407.7M | 100x | as long as short |
| Kalshi KXGOLDPERP | 0.0000% | 24h | 4,353.9 | −0.250% | $4.1M | $36.5M | 15x | as long as short |
| SunX XAU-USDTshort | 0.0000% | 4h | 4,360 | −0.110% | $93K | $9.7M | 20x | |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,351.4 | −0.306% | $269K | — | 250x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,351.8 | −0.297% | $13.6M | $43.0M | 25x | as long as short |
| Hotstuff GOLD-PERP | +0.0032% | 1h | 4,354.9 | −0.227% | $33K | — | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | −0.329% | $619 | $54 | 52x | as long as short |
| Lighter XAU | +0.0040% | 1h | 4,354.7 | −0.231% | $20.6M | $43.5M | 25x | as long as short |
Bluefin GOLD-PERP
Aster XAUUSD1
Gate XAU_USDT
Kalshi KXGOLDPERP
gTrade (Gains Network) XAU/USD
Extended XAU-USD
Hotstuff GOLD-PERP
Injective XAU/USDC PERP
Lighter XAUShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX XAU-USD | +0.0040% | 1h | 4,357.7 | −0.163% | $3.8M | $4.7M | 40x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,389.2 | +0.559% | — | $1.0M | 25x | as long as short |
| Lighter RH XAU | +0.0048% | 1h | 4,357.1 | −0.177% | $20.1M | $40.8M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,352.8 | −0.275% | $294.0M | $48.4M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,353.3 | −0.264% | $15.0M | $57.7M | 25x | as long as short |
| QFEX GOLD-USD | +0.0051% | 1h | 4,355.8 | −0.206% | $5.6M | $1.9M | 20x | as long as short |
| Polymarket Perps GOLD-USD | +0.0060% | 1h | 4,353.6 | −0.257% | $4.3M | $1.9M | 20x | as long as short |
| Variational Omni XAU | +0.0061% | 4h | 4,355.7 | −0.208% | $48.3M | $28.4M | — | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0072% | 1h | 4,350.9 | −0.318% | $2.0M | $5.0M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0084% | 8h | 4,355.6 | −0.210% | $19K | $5K | 5x | as long as short |
| MEXC XAU_USDT | +0.0084% | 4h | 4,355.8 | −0.207% | $372.3M | $321.6M | 1000x | as long as short |
| Binance XAUUSDT | +0.0086% | 4h | 4,355.8 | −0.206% | $409.4M | $2.10B | 100x | as long as short |
| edgeX XAUUSDC | +0.0098% | 4h | 4,351.9 | −0.295% | $30.3M | $60.4M | 50x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,352.4 | −0.284% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,353.3 | −0.263% | $275K | $204K | 50x | as long as short |
| Aevo XAU-PERP | +0.0104% | 1h | 4,354.4 | −0.239% | $161K | $87 | 10x | as long as short |
| Phoenix GOLD | +0.0121% | 1h | 4,354.7 | −0.231% | $48K | $64K | 25x | as long as short |
| RISEx XAU/USDC | +0.0135% | 1h | 4,356.4 | −0.193% | $3.4M | $12.4M | 25x | as long as short |
| GRVT XAU_USDT_Perp | +0.0138% | 4h | 4,357.4 | −0.170% | $1.4M | $3.0M | 25x | as long as short |
| Bitget XAUUSDT | +0.0148% | 4h | 4,356.3 | −0.195% | $69.2M | $109.7M | 100x | as long as short |
| Bullet GOLD-USD | +0.0158% | 1h | 4,355.4 | −0.215% | $59K | $83K | 10x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0164% | 1h | 4,353.7 | −0.254% | $234K | $661K | 25x | as long as short |
| Bybit XAUUSDT | +0.0185% | 4h | 4,356.8 | −0.183% | $84.1M | $143.6M | 150x | as long as short |
| OKX XAU-USDT-SWAP | +0.0225% | 8h | 4,357.1 | −0.176% | $164.9M | $284.3M | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0269% | 1h | 4,352.7 | −0.278% | $594K | $141K | 25x | as long as short |
| BloFin XAU-USDTlong | +0.0286% | 4h | 4,364.8 | long leg | $15.5M | $4.6M | 100x | |
| Phemex XAUUSDT | +0.0368% | 4h | 4,359.7 | −0.118% | $2.2M | $1.1M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0394% / S −0.0199% | 1h | 4,355.3 | −0.218% | $253K | — | 111x | as long as short |
| HTX XAU-USDT | +0.0527% | 4h | 4,359.5 | −0.121% | $2.9M | $3.9M | 75x | as long as short |
StandX XAU-USD
Vest GC-PERP
Lighter RH XAU
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
QFEX GOLD-USD
Polymarket Perps GOLD-USD
Variational Omni XAU
Coinbase International GOLD-PERP-INTX
Paradex XAU-USD-PERP
MEXC XAU_USDT
Binance XAUUSDT
edgeX XAUUSDC
Pacifica XAU
ApeX Omni XAUUSDT
Aevo XAU-PERP
Phoenix GOLD
RISEx XAU/USDC
GRVT XAU_USDT_Perp
Bitget XAUUSDT
Bullet GOLD-USD
Deribit GOLD_USDC-PERPETUAL
Bybit XAUUSDT
OKX XAU-USDT-SWAP
Kraken Futures PF_XAUUSD
Phemex XAUUSDT
GMX GOLD/USD [ETH-USDC]
HTX XAU-USDT