Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0135%/8hnext payment +$0.68 per $10,000 · paid last 24h +0.043%

Price spread now: Binance against SunX−0.094%7-day average −0.093% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$670.673% of the position

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.205%+$21 on $10k

Price spread, last 1 day (all we have)−0.003%$0 · spread now −0.094%, 7d avg −0.093%

Together, before fees+0.202%+$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.093%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XAU-USDT	4,352.5	0	get 0.0000% / 4h	4m 55s	$92K	$11.0M	20x
Short	Binance XAUUSDT	4,348.4	0.0135	get 0.0068% / 4h	4m 55s	$412.7M	$2.08B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.094%Rate

Funding earned: $28.41
Price spread: −0.094% → −0.093%: −$0.1
Slippage, 4 orders: −$49.25
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$38.95
Costs to cover: 0.673%
Break-even: 16.6 days

Slippage from SunX: live order book, 9 min ago; Binance: live order book, 14 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, 9 min ago	23.63 bp	27.6 bp −$28	40.7 bp −$407	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.01 bp	5.0 bp −$5	5.3 bp −$53	7.5 bp −$746	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	4,352.5	long leg	$92K	$11.0M	20x
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,345.5	−0.161%	$267K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.047%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0036%	24h	4,346.9	−0.128%	$4.1M	$33.8M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,348.9	−0.082%	$3.8M	$4.5M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,383.3	+0.708%	—	$995K	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,345.7	−0.156%	$293.6M	$51.5M	25x	as long as short
QFEX GOLD-USD	+0.0050%	1h	4,348.4	−0.094%	$5.5M	$1.8M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,344.4	−0.186%	$14.8M	$51.5M	25x	as long as short
Paradex XAU-USD-PERP	+0.0066%	8h	4,348.6	−0.089%	$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	4,348.5	−0.092%	$20.8M	$46.2M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,346.4	−0.139%	$2.0M	$5.2M	25x	as long as short
Gate XAU_USDT	+0.0078%	4h	4,350	−0.057%	$272.8M	$408.8M	100x	as long as short
RISEx XAU/USDC	+0.0100%	1h	4,348.2	−0.099%	$3.6M	$12.4M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,345.3	−0.164%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,346	−0.149%	$273K	$203K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,343	−0.217%	$26K	$21K	20x	as long as short
Bullet GOLD-USD	+0.0104%	1h	4,348.3	−0.096%	$59K	$76K	10x	as long as short
Extended XAU-USD	+0.0112%	1h	4,345.4	−0.161%	$13.2M	$51.5M	25x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,348.5	−0.091%	$161K	$87	10x	as long as short
Aster XAUUSD1	+0.0126%	4h	4,348.4	−0.094%	$70.2M	$240.6M	20x	as long as short
Variational Omni XAU	+0.0128%	4h	4,349	−0.081%	$47.7M	$34.6M	—	as long as short
MEXC XAU_USDT	+0.0134%	4h	4,348.4	−0.094%	$378.9M	$337.4M	1000x	as long as short
Binance XAUUSDTshort	+0.0135%	4h	4,348.4	−0.094%	$412.7M	$2.08B	100x
Hotstuff GOLD-PERP	+0.0136%	1h	4,345.7	−0.156%	$33K	—	25x	as long as short
edgeX XAUUSDC	+0.0146%	4h	4,347.4	−0.116%	$30.3M	$57.0M	50x	as long as short
GRVT XAU_USDT_Perp	+0.0150%	4h	4,348.8	−0.085%	$1.4M	$3.4M	25x	as long as short
Phoenix GOLD	+0.0151%	1h	4,347.2	−0.121%	$43K	$64K	25x	as long as short
Lighter RH XAU	+0.0152%	1h	4,351.3	−0.027%	$20.4M	$44.9M	25x	as long as short
Bybit XAUUSDT	+0.0161%	4h	4,348.9	−0.082%	$83.9M	$140.5M	150x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0164%	1h	4,347.6	−0.112%	$221K	$960K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0189%	1h	4,348.8	−0.084%	$4.4M	$2.3M	20x	as long as short
Bitget XAUUSDT	+0.0260%	4h	4,348.2	−0.097%	$68.9M	$109.7M	100x	as long as short
HTX XAU-USDT	+0.0279%	4h	4,351.6	−0.019%	$2.8M	$3.6M	75x	as long as short
OKX XAU-USDT-SWAP	+0.0316%	8h	4,349.3	−0.073%	$158.0M	$268.9M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0329%	1h	4,346.5	−0.138%	$587K	$109K	25x	as long as short
Phemex XAUUSDT	+0.0373%	4h	4,352.1	−0.009%	$2.2M	$1.1M	100x	as long as short
BloFin XAU-USDT	+0.0375%	4h	4,348.3	−0.095%	$14.9M	$4.2M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0463% / S −0.0298%	1h	4,348.3	−0.096%	$251K	—	111x	as long as short