Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0011%/8h= −1.2% APRpaid last 24h −0.005%

Price spread now: Aster against Aevo+0.025%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$390.391% of the position

Long on Aevo Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.062%−$6 on $10k

Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.025%, 7d avg +0.021%

Together, before fees−0.118%+ Points / potential airdropAster: Stage 5 · farm board−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.021%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo XAU-PERP	4,345.4	0.0112	pay 0.0014% / 1h	2m 16s	$161K	$87	10x
Short	Aster XAUUSD1	4,346.5	0.0101	get 0.0051% / 4h	3h 02m	$71.5M	$331.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Aevo. 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 AevobpFee AsterbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$2.3
Price spread: +0.025% → +0.021%: $0.43
Slippage, 4 orders: −$15.06
Fee Aevo: 8 bp × 2 orders: −$16
Fee Aster: 4 bp × 2 orders: −$8
Net: −$40.93
Costs to cover: 0.391%
Break-even: never at this rate

Slippage from Aevo: live order book, 52 min ago; Aster: live order book, 2 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 Aevo live order book, 52 min ago	5.96 bp	15.2 bp −$15	27.8 bp −$278	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	0.01 bp	4.0 bp −$4	4.5 bp −$45	56.4 bp −$5,642	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
Bluefin GOLD-PERP	−0.0019%	1h	4,339.1	−0.145%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,350.6	+0.119%	$92K	$8.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,342.4	−0.069%	$272K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,347.1	+0.039%	$3.7M	$12.6M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,342.4	−0.070%	$13.2M	$37.3M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.115%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,345.3	−0.003%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,345.1	−0.007%	$5.6M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,378.9	+0.771%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,343.1	−0.053%	$293.8M	$49.1M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,343	−0.056%	$15.0M	$56.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0052%	24h	4,345.1	−0.007%	$4.3M	$39.3M	15x	as long as short
Lighter XAU	+0.0056%	1h	4,345.4	−0.001%	$20.7M	$34.8M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,342.9	−0.058%	$2.1M	$4.7M	25x	as long as short
Gate XAU_USDT	+0.0058%	4h	4,348	+0.058%	$268.7M	$419.6M	100x	as long as short
Bybit XAUUSDT	+0.0059%	4h	4,347.2	+0.042%	$80.0M	$152.1M	150x	as long as short
Paradex XAU-USD-PERP	+0.0068%	8h	4,346.2	+0.019%	$19K	$5K	5x	as long as short
Hotstuff GOLD-PERP	+0.0080%	1h	4,343.2	−0.051%	$33K	—	25x	as long as short
Lighter RH XAU	+0.0088%	1h	4,347.8	+0.055%	$20.2M	$40.3M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,342.6	−0.066%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,341.7	−0.086%	$274K	$203K	50x	as long as short
Aster XAUUSD1short	+0.0101%	4h	4,346.5	+0.025%	$71.5M	$331.5M	20x
Variational Omni XAU	+0.0105%	4h	4,345.4	−0.001%	$48.3M	$27.6M	—	as long as short
Aevo XAU-PERPlong	+0.0112%	1h	4,345.4	long leg	$161K	$87	10x
MEXC XAU_USDT	+0.0120%	4h	4,346.3	+0.020%	$370.6M	$322.2M	1000x	as long as short
Binance XAUUSDT	+0.0120%	4h	4,346.3	+0.019%	$418.7M	$2.09B	100x	as long as short
edgeX XAUUSDC	+0.0121%	4h	4,342.4	−0.070%	$30.2M	$58.0M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,341.7	−0.085%	$47K	$77K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0141%	1h	4,344.4	−0.023%	$204K	$827K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0142%	4h	4,346.6	+0.028%	$1.4M	$2.9M	25x	as long as short
Phemex XAUUSDT	+0.0193%	4h	4,349.1	+0.084%	$2.2M	$967K	100x	as long as short
Polymarket Perps GOLD-USD	+0.0202%	1h	4,346.2	+0.018%	$4.2M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0205%	1h	4,346.4	+0.023%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,343.4	−0.047%	$590K	$135K	25x	as long as short
Bitget XAUUSDT	+0.0276%	4h	4,346.8	+0.031%	$71.1M	$108.9M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0331%	8h	4,347.6	+0.050%	$167.4M	$283.5M	100x	as long as short
BloFin XAU-USDT	+0.0362%	4h	4,346.5	+0.025%	$15.8M	$4.4M	100x	as long as short
HTX XAU-USDT	+0.0369%	4h	4,348.8	+0.078%	$2.8M	$4.6M	75x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0428% / S −0.0252%	1h	4,346.3	+0.021%	$250K	—	111x	as long as short