Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0112%/8hpaid last 24h +0.036%

Price spread now: Aevo against SunX−0.089%7-day average −0.112% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$880.880% of the position

Long on SunX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.223%+$22 on $10k

Price spread, last 3 days (all we have)−0.017%−$2 · spread now −0.089%, 7d avg −0.112%

Together, before fees+0.206%+$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aevo is 0.023% dearer against SunX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.112%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XAU-USDT	4,352.8	0	get 0.0000% / 4h	2m 45s	$93K	$11.0M	20x
Short	Aevo XAU-PERP	4,348.9	0.0112	get 0.0014% / 1h	2m 45s	$161K	$87	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against SunX. 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 SunXbpFee AevobpOrdersPrice spread, now −0.089%Rate

Funding earned: $23.52
Price spread: −0.089% → −0.112%: $2.27
Slippage, 4 orders: −$63.96
Fee SunX: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$62.17
Costs to cover: 0.880%
Break-even: 25.5 days

Slippage from SunX: live order book, 11 min ago; Aevo: live order book, 30 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 SunX live order book, 11 min ago	23.63 bp	27.6 bp −$28	40.7 bp −$407	doesn't fit	doesn't fit
Sell Aevo live order book, 30 min ago	5.61 bp	14.3 bp −$14	27.6 bp −$276	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
SunX XAU-USDTlong	0.0000%	4h	4,352.8	long leg	$93K	$11.0M	20x
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,345.8	−0.161%	$267K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.054%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0036%	24h	4,347	−0.133%	$4.1M	$33.8M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,349.5	−0.075%	$3.8M	$4.6M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,383.3	+0.701%	—	$995K	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,346	−0.156%	$293.6M	$51.5M	25x	as long as short
QFEX GOLD-USD	+0.0050%	1h	4,348.4	−0.101%	$5.5M	$1.8M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,344.6	−0.188%	$14.8M	$51.5M	25x	as long as short
Paradex XAU-USD-PERP	+0.0065%	8h	4,348.8	−0.091%	$19K	$6K	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XAU	+0.0072%	1h	4,348.7	−0.093%	$20.8M	$46.2M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,346.4	−0.147%	$2.0M	$5.2M	25x	as long as short
Gate XAU_USDT	+0.0080%	4h	4,350.3	−0.057%	$272.7M	$409.0M	100x	as long as short
RISEx XAU/USDC	+0.0100%	1h	4,348.5	−0.097%	$3.6M	$12.4M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,345.7	−0.163%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,346	−0.156%	$273K	$203K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,343.2	−0.220%	$26K	$21K	20x	as long as short
Bullet GOLD-USD	+0.0103%	1h	4,348.6	−0.097%	$59K	$76K	10x	as long as short
Extended XAU-USD	+0.0104%	1h	4,345.4	−0.169%	$13.2M	$51.6M	25x	as long as short
Aevo XAU-PERPshort	+0.0112%	1h	4,348.9	−0.089%	$161K	$87	10x
Aster XAUUSD1	+0.0119%	4h	4,348.4	−0.102%	$70.2M	$240.6M	20x	as long as short
Variational Omni XAU	+0.0128%	4h	4,349	−0.088%	$47.7M	$34.6M	—	as long as short
MEXC XAU_USDT	+0.0134%	4h	4,348.5	−0.098%	$378.8M	$337.5M	1000x	as long as short
Binance XAUUSDT	+0.0134%	4h	4,348.7	−0.094%	$412.6M	$2.08B	100x	as long as short
edgeX XAUUSDC	+0.0139%	4h	4,346.7	−0.139%	$30.3M	$57.1M	50x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0141%	1h	4,347.8	−0.114%	$221K	$960K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0150%	4h	4,348.8	−0.092%	$1.4M	$3.4M	25x	as long as short
Phoenix GOLD	+0.0151%	1h	4,347.2	−0.128%	$43K	$64K	25x	as long as short
Lighter RH XAU	+0.0152%	1h	4,351.6	−0.028%	$20.4M	$44.9M	25x	as long as short
Bybit XAUUSDT	+0.0157%	4h	4,349.4	−0.079%	$83.9M	$140.6M	150x	as long as short
Polymarket Perps GOLD-USD	+0.0188%	1h	4,348.9	−0.089%	$4.4M	$2.3M	20x	as long as short
Hotstuff GOLD-PERP	+0.0200%	1h	4,345.7	−0.163%	$33K	—	25x	as long as short
Bitget XAUUSDT	+0.0260%	4h	4,348.2	−0.106%	$68.9M	$109.7M	100x	as long as short
HTX XAU-USDT	+0.0278%	4h	4,351.6	−0.026%	$2.8M	$3.6M	75x	as long as short
OKX XAU-USDT-SWAP	+0.0316%	8h	4,349.9	−0.066%	$158.1M	$269.1M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0329%	1h	4,346.8	−0.137%	$587K	$109K	25x	as long as short
Phemex XAUUSDT	+0.0370%	4h	4,352.3	−0.011%	$2.2M	$1.1M	100x	as long as short
BloFin XAU-USDT	+0.0374%	4h	4,348.7	−0.094%	$14.9M	$4.2M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0463% / S −0.0299%	1h	4,348.7	−0.095%	$251K	—	111x	as long as short