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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.010%
Price spread now: SunX against Injective−0.529%7-day average · 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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX is 0.529% cheaper against Injective than usual: you would sell low and buy high (−$53 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective XAU/USDC PERP4,350.40.0033pay 0.0004% / 1h5m 05s$619$5452x
ShortSunX XAU-USDT4,327.40get 0.0000% / 4h5m 05s$92K$5.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Injective. 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
−$7
Price spread: −0.529% → 0.000%
−$52.87
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee SunX: 4 bp × 2 orders
−$8
Net
−$67.89
Costs to cover
0.080%
Break-even
never at this rate
Slippage unknown: Injective: no order-book sample; SunX: live order book, 7 min ago. 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 Injective no order-book sample
Sell SunX live order book, 7 min ago23.51 bp29.5 bp −$2947.0 bp −$470doesn't fitdoesn't fit
Injective: 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International GOLD-PERP-INTX−0.0032%1h4,320.6−0.685%$2.1M$4.8M25xas long as short
SunX XAU-USDTshort0.0000%4h4,327.4−0.529%$92K$5.1M20x
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0002%1h4,319.5−0.712%$308K250xas long as short
Injective XAU/USDC PERPlong+0.0033%1h4,350.4long leg$619$5452x
StandX XAU-USD+0.0040%1h4,324.9−0.587%$3.9M$4.6M40xas long as short
QFEX GOLD-USD+0.0042%1h4,322.4−0.644%$6.7M$3.2M20xas long as short
Vest GC-PERP+0.0046%1h4,356.5+0.140%$919K25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,320.3−0.692%$293.4M$47.2M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,320.2−0.694%$15.2M$61.3M25xas long as short
Aster XAUUSD1+0.0051%4h4,324.8−0.589%$70.4M$278.2M20xas long as short
Show all 39 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex XAU-USD-PERP+0.0055%8h4,322.6−0.639%$2K$13K5xas long as short
RISEx XAU/USDC+0.0062%1h4,324.2−0.603%$4.6M$13.2M25xas long as short
Variational Omni XAU+0.0075%4h4,323.9−0.609%$47.3M$27.4Mas long as short
Gate XAU_USDT+0.0080%4h4,325.1−0.583%$306.7M$447.0M100xas long as short
MEXC XAU_USDT+0.0080%4h4,323.5−0.618%$341.9M$363.3M1000xas long as short
Binance XAUUSDT+0.0082%4h4,322.3−0.646%$445.1M$2.43B100xas long as short
Lighter XAU+0.0088%1h4,322.5−0.642%$20.0M$31.0M25xas long as short
edgeX XAUUSDC+0.0089%4h4,320.7−0.682%$30.3M$67.1M50xas long as short
Pacifica XAU+0.0100%1h4,321.2−0.672%$1.4M$1.5M10xas long as short
GRVT XAU_USDT_Perp+0.0100%4h4,324.5−0.595%$1.4M$3.1M25xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,321.8−0.658%$287K$228K50xas long as short
Bluefin GOLD-PERP+0.0100%1h4,318.3−0.738%$25K$1K20xas long as short
Aevo XAU-PERP+0.0104%1h4,322.6−0.640%$160K$8710xas long as short
Phoenix GOLD+0.0124%1h4,321.1−0.674%$43K$71K25xas long as short
Phemex XAUUSDT+0.0129%4h4,325.7−0.568%$2.3M$728K100xas long as short
Lighter RH XAU+0.0144%1h4,325.2−0.580%$19.6M$40.0M25xas long as short
Bybit XAUUSDT+0.0153%4h4,323.1−0.628%$84.4M$168.1M150xas long as short
Kalshi KXGOLDPERP+0.0154%24h4,324.7−0.591%$3.5M$52.2M15xas long as short
Extended XAU-USD+0.0160%1h4,319.3−0.716%$12.6M$33.9M25xas long as short
Hotstuff GOLD-PERP+0.0176%1h4,321.6−0.662%$35K$3K25xas long as short
Kraken Futures PF_XAUUSD+0.0197%1h4,320.8−0.682%$583K$169K25xas long as short
Bitget XAUUSDT+0.0214%4h4,323.5−0.618%$73.4M$142.4M100xas long as short
Bullet GOLD-USD+0.0218%1h4,323.5−0.619%$60K$77K10xas long as short
Polymarket Perps GOLD-USD+0.0222%1h4,324.3−0.600%$4.3M$1.7M20xas long as short
OKX XAU-USDT-SWAP+0.0230%8h4,324.2−0.603%$171.8M$362.4M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0259%1h4,321.8−0.658%$135K$658K25xas long as short
BloFin XAU-USDT+0.0322%4h4,324.6−0.593%$16.5M$5.3M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0426% / S −0.0259%1h4,323.6−0.617%$253K111xas long as short
HTX XAU-USDT+0.0984%4h4,328−0.515%$3.2M$7.1M75xas long as short