Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.023%

Price spread now: SunX against Coinbase International+0.237%7-day average +0.195% · you sell dearer than you buy

Net, funding: paid 7d − costs−$123as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$680.676% of the position

Long on Coinbase International Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.550%−$55 on $10k

Price spread, last 4 days (all we have)−0.044%−$4 · spread now +0.237%, 7d avg +0.195%

Together, before fees−0.595%−$59 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.041% dearer against Coinbase International than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.195%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International GOLD-PERP-INTX	4,328.8	0	get 0.0000% / 1h	44m 32s	$2.1M	$5.2M	25x
Short	SunX XAU-USDT	4,339	0	get 0.0000% / 4h	1h 44m	$92K	$5.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Coinbase International. 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 Coinbase InternationalbpFee SunXbpOrdersPrice spread, now +0.237%Rate

Funding earned: $0
Price spread: +0.237% → +0.195%: $4.12
Slippage, 4 orders: −$49.59
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$63.47
Costs to cover: 0.676%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; SunX: live order book, 7 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 Coinbase International live order book, 2 min ago	0.12 bp	5.2 bp −$5	8.4 bp −$84	38.6 bp −$3,862	doesn't fit
Sell SunX live order book, 7 min ago	23.58 bp	29.7 bp −$30	47.2 bp −$472	doesn't fit	doesn't fit

XAU on 39 exchanges

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
Hotstuff GOLD-PERP	−3.2000%	1h	4,318.3	−0.243%	$32K	—	25x	as long as short
Bluefin GOLD-PERP	−0.0044%	1h	4,328.3	−0.013%	$25K	$1K	20x	as long as short
SunX XAU-USDTshort	0.0000%	4h	4,339	+0.237%	$92K	$5.9M	20x
Coinbase International GOLD-PERP-INTXlong	0.0000%	1h	4,328.8	long leg	$2.1M	$5.2M	25x
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,331.8	+0.069%	$304K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.499%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,335.5	+0.155%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0041%	1h	4,333.7	+0.113%	$6.7M	$3.2M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,368.2	+0.910%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,332.2	+0.079%	$292.4M	$51.6M	25x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,330.5	+0.038%	$15.1M	$59.4M	25x	as long as short
Paradex XAU-USD-PERP	+0.0054%	8h	4,334.2	+0.125%	$2K	$13K	5x	as long as short
Aster XAUUSD1	+0.0056%	4h	4,336.1	+0.169%	$72.4M	$276.0M	20x	as long as short
Variational Omni XAU	+0.0074%	4h	4,333.5	+0.110%	$47.3M	$29.2M	—	as long as short
Polymarket Perps GOLD-USD	+0.0074%	1h	4,334.2	+0.125%	$4.3M	$1.7M	20x	as long as short
Gate XAU_USDT	+0.0078%	4h	4,336.3	+0.173%	$298.2M	$444.8M	100x	as long as short
Lighter XAU	+0.0080%	1h	4,334.3	+0.128%	$20.2M	$30.4M	25x	as long as short
Lighter RH XAU	+0.0088%	1h	4,336.1	+0.168%	$19.6M	$39.9M	25x	as long as short
MEXC XAU_USDT	+0.0094%	4h	4,334.6	+0.134%	$367.1M	$353.1M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0094%	4h	4,336.8	+0.185%	$1.4M	$3.1M	25x	as long as short
Binance XAUUSDT	+0.0094%	4h	4,334.6	+0.133%	$442.6M	$2.43B	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0096%	1h	4,333.5	+0.109%	$135K	$707K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,331	+0.051%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,334.5	+0.132%	$284K	$223K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,333.2	+0.102%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0117%	4h	4,333.9	+0.118%	$30.3M	$67.7M	50x	as long as short
Extended XAU-USD	+0.0120%	1h	4,331	+0.052%	$12.5M	$34.6M	25x	as long as short
Bybit XAUUSDT	+0.0121%	4h	4,336	+0.166%	$82.6M	$172.5M	150x	as long as short
Phoenix GOLD	+0.0127%	1h	4,334.2	+0.125%	$43K	$71K	25x	as long as short
Kalshi KXGOLDPERP	+0.0137%	24h	4,334.9	+0.141%	$3.5M	$51.1M	15x	as long as short
Bullet GOLD-USD	+0.0165%	1h	4,335.2	+0.147%	$59K	$76K	10x	as long as short
RISEx XAU/USDC	+0.0205%	1h	4,334.8	+0.139%	$4.7M	$13.2M	25x	as long as short
Bitget XAUUSDT	+0.0212%	4h	4,335	+0.143%	$72.8M	$139.5M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0237%	8h	4,335.7	+0.159%	$170.7M	$361.5M	100x	as long as short
Phemex XAUUSDT	+0.0238%	4h	4,338.3	+0.219%	$2.3M	$784K	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0253%	1h	4,331.3	+0.059%	$583K	$169K	25x	as long as short
BloFin XAU-USDT	+0.0336%	4h	4,334.8	+0.140%	$16.3M	$5.3M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0460% / S −0.0308%	1h	4,334.8	+0.140%	$253K	—	111x	as long as short
HTX XAU-USDT	+0.1080%	4h	4,340.2	+0.264%	$3.2M	$7.1M	75x	as long as short