Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0144%/8h= −15.8% APRpaid last 24h −0.021%

Price spread now: SunX against Extended+0.200%7-day average +0.159% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$640.641% of the position

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.088%−$9 on $10k

Price spread, last 4 days (all we have)+0.067%+$7 · spread now +0.200%, 7d avg +0.159%

Together, before fees−0.020%+ Points / potential airdropExtended: Active · farm board−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.042% dearer against Extended than usual: you sell high and buy low (spread +0.200% now, against its 7-day average of +0.159%): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 23 hours. At the pace of the last 7 days (−0.088% in total) that is about 3.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XAU-USD	4,321.2	0.0144	pay 0.0018% / 1h	10m 35s	$12.7M	$34.9M	25x
Short	SunX XAU-USDT	4,329.8	0	get 0.0000% / 4h	2h 10m	$92K	$6.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Extended. 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 ExtendedbpFee SunXbpOrdersPrice spread, now +0.200%Rate

Funding earned: −$30.24
Price spread: +0.200% → +0.159%: $4.16
Slippage, 4 orders: −$51.1
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$90.19
Costs to cover: 0.641%
Break-even: never at this rate

Slippage from Extended: live order book, 2 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 Extended live order book, 2 min ago	0.12 bp	4.8 bp −$5	6.7 bp −$67	9.9 bp −$987	29.6 bp −$14.8K
Sell SunX live order book, 11 min ago	23.23 bp	29.4 bp −$29	47.0 bp −$470	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
SunX XAU-USDTshort	0.0000%	4h	4,329.8	+0.200%	$92K	$6.1M	20x
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,321.4	+0.004%	$274K	—	250x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0024%	1h	4,321.4	+0.005%	$2.0M	$5.1M	25x	as long as short
Hotstuff GOLD-PERP	+0.0032%	1h	4,321.9	+0.016%	$32K	—	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.676%	$619	$54	52x	as long as short
QFEX GOLD-USD	+0.0038%	1h	4,324.8	+0.083%	$6.7M	$3.2M	20x	as long as short
StandX XAU-USD	+0.0040%	1h	4,324.8	+0.083%	$3.8M	$4.5M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,358.6	+0.866%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,322.9	+0.040%	$291.8M	$52.7M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,322	+0.018%	$15.0M	$57.6M	25x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XAU-USD-PERP	+0.0054%	8h	4,325	+0.089%	$2K	$13K	5x	as long as short
RISEx XAU/USDC	+0.0056%	1h	4,326.2	+0.115%	$4.6M	$13.5M	25x	as long as short
Aster XAUUSD1	+0.0075%	4h	4,328.2	+0.163%	$73.6M	$274.5M	20x	as long as short
Phoenix GOLD	+0.0076%	1h	4,321.2	0.000%	$43K	$72K	25x	as long as short
Variational Omni XAU	+0.0089%	4h	4,324.5	+0.077%	$47.2M	$29.3M	—	as long as short
Gate XAU_USDT	+0.0090%	4h	4,327.5	+0.145%	$300.8M	$446.6M	100x	as long as short
Lighter XAU	+0.0096%	1h	4,324.3	+0.072%	$20.2M	$30.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,321.1	−0.002%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,320.9	−0.007%	$284K	$223K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,320	−0.027%	$25K	$1K	20x	as long as short
Bybit XAUUSDT	+0.0105%	4h	4,327	+0.135%	$80.5M	$170.7M	150x	as long as short
MEXC XAU_USDT	+0.0112%	4h	4,325.4	+0.098%	$358.8M	$361.2M	1000x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,324.6	+0.079%	$160K	$87	10x	as long as short
Binance XAUUSDT	+0.0113%	4h	4,325.7	+0.104%	$440.2M	$2.38B	100x	as long as short
GRVT XAU_USDT_Perp	+0.0116%	4h	4,325	+0.089%	$1.4M	$3.1M	25x	as long as short
edgeX XAUUSDC	+0.0118%	4h	4,319.8	−0.032%	$30.2M	$66.4M	50x	as long as short
Kalshi KXGOLDPERP	+0.0132%	24h	4,327.7	+0.151%	$3.5M	$49.8M	15x	as long as short
Polymarket Perps GOLD-USD	+0.0139%	1h	4,325.4	+0.097%	$4.3M	$1.7M	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0143%	1h	4,323.3	+0.049%	$135K	$747K	25x	as long as short
Extended XAU-USDlong	+0.0144%	1h	4,321.2	long leg	$12.7M	$34.9M	25x
Lighter RH XAU	+0.0152%	1h	4,327.9	+0.155%	$19.8M	$40.6M	25x	as long as short
Bullet GOLD-USD	+0.0199%	1h	4,325.7	+0.105%	$59K	$76K	10x	as long as short
Bitget XAUUSDT	+0.0214%	4h	4,326.7	+0.127%	$74.2M	$134.1M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0245%	8h	4,327.3	+0.141%	$170.7M	$353.7M	100x	as long as short
BloFin XAU-USDT	+0.0353%	4h	4,324.9	+0.086%	$16.2M	$5.3M	100x	as long as short
Phemex XAUUSDT	+0.0368%	4h	4,327.1	+0.136%	$2.2M	$783K	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0411%	1h	4,322.9	+0.039%	$582K	$165K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0458% / S −0.0306%	1h	4,325.5	+0.099%	$252K	—	111x	as long as short
HTX XAU-USDT	+0.1130%	4h	4,332.5	+0.262%	$3.2M	$7.0M	75x	as long as short