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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.012%
Price spread now: Injective against SunX+0.484%7-day average · you sell dearer than you buy
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 for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 0.484% dearer against SunX than usual: you sell high and buy low: +$48 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX XAU-USDT4,329.50get 0.0000% / 4h56m 51s$92K$7.5M20x
ShortInjective XAU/USDC PERP4,350.40.0033get 0.0004% / 1h56m 51s$619$5452x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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

Funding earned
$7
Price spread: +0.484% → 0.000%
$48.37
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$47.35
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: SunX: live order book, 12 min ago; Injective: no order-book sample. 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 SunX live order book, 12 min ago23.51 bp27.5 bp −$2840.4 bp −$404doesn't fitdoesn't fit
Sell Injective no order-book sample
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 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin GOLD-PERP−0.0124%1h4,318.3−0.258%$25K$1K20xas long as short
SunX XAU-USDTlong0.0000%4h4,329.5long leg$92K$7.5M20x
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,320.2−0.215%$270K250xas long as short
Bybit XAUUSDT+0.0026%4h4,324.9−0.105%$76.9M$153.9M150xas long as short
Injective XAU/USDC PERPshort+0.0033%1h4,350.4+0.484%$619$5452x
Lighter XAU+0.0040%1h4,324−0.126%$20.3M$28.8M25xas long as short
StandX XAU-USD+0.0040%1h4,324.7−0.110%$3.8M$4.5M40xas long as short
QFEX GOLD-USD+0.0045%1h4,322.7−0.157%$5.4M$2.0M20xas long as short
Vest GC-PERP+0.0046%1h4,355.5+0.601%$1.0M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,320.5−0.207%$291.5M$51.6M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps XAU-USD.P+0.0050%1h4,319−0.243%$15.0M$55.7M25xas long as short
Hotstuff GOLD-PERP+0.0056%1h4,320.6−0.205%$32K25xas long as short
Aster XAUUSD1+0.0060%4h4,326−0.080%$72.7M$273.0M20xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,319.3−0.235%$2.1M$4.9M25xas long as short
Paradex XAU-USD-PERP+0.0073%8h4,322.6−0.160%$2K$14K5xas long as short
Kalshi KXGOLDPERP+0.0085%24h4,324.6−0.113%$3.8M$44.3M15xas long as short
Lighter RH XAU+0.0088%1h4,326.5−0.068%$20.0M$38.5M25xas long as short
Variational Omni XAU+0.0094%4h4,321.5−0.185%$47.2M$29.1Mas long as short
GRVT XAU_USDT_Perp+0.0098%4h4,321.8−0.177%$1.4M$3.0M25xas long as short
Phoenix GOLD+0.0100%1h4,319.5−0.231%$47K$79K25xas long as short
Pacifica XAU+0.0100%1h4,319.3−0.235%$1.4M$1.2M10xas long as short
MEXC XAU_USDT+0.0100%4h4,324.9−0.106%$365.2M$324.4M1000xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,318.8−0.247%$272K$208K50xas long as short
Binance XAUUSDT+0.0100%4h4,324.4−0.118%$424.7M$2.14B100xas long as short
Gate XAU_USDT+0.0102%4h4,326.1−0.077%$279.4M$407.9M100xas long as short
Aevo XAU-PERP+0.0104%1h4,323.5−0.138%$160K$8710xas long as short
edgeX XAUUSDC+0.0110%4h4,319−0.243%$30.1M$59.2M50xas long as short
Extended XAU-USD+0.0136%1h4,320.8−0.201%$12.9M$36.1M25xas long as short
Bullet GOLD-USD+0.0166%1h4,323.3−0.143%$59K$81K10xas long as short
Polymarket Perps GOLD-USD+0.0192%1h4,322.7−0.157%$4.3M$2.0M20xas long as short
Bitget XAUUSDT+0.0206%4h4,324−0.127%$68.5M$118.3M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0213%1h4,324−0.127%$163K$860K25xas long as short
Kraken Futures PF_XAUUSD+0.0228%1h4,321.2−0.192%$578K$136K25xas long as short
OKX XAU-USDT-SWAP+0.0293%8h4,324.4−0.117%$173.3M$300.8M100xas long as short
BloFin XAU-USDT+0.0340%4h4,324.8−0.107%$16.4M$4.6M100xas long as short
HTX XAU-USDT+0.0343%4h4,330.3+0.018%$3.2M$5.8M75xas long as short
Phemex XAUUSDT+0.0366%4h4,325.9−0.082%$2.2M$975K100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0462% / S −0.0307%1h4,323.9−0.128%$253K111xas long as short
RISEx XAU/USDC+0.0643%1h4,325.6−0.090%$4.1M$12.8M25xas long as short