Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.010%

Price spread now: Aster against ApeX Omni+0.179%99s7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$390.392% of the position

Long on ApeX Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$5 on $10k

Price spread, last 3 days (all we have)−0.095%−$9 · spread now +0.179%, 7d avg +0.047%

Together, before fees−0.140%+ Points / potential airdropAster: Stage 5 · farm board−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.132% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.179% now, against its 7-day average of +0.047%): +$13 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.4 days. At the pace of the last 7 days (−0.045% in total) that is about 20 days. The two prices were read 99 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XAUUSDT	4,337.3	0.0100	pay 0.0013% / 1h	11m 43s	$272K	$204K	50x
Short	Aster XAUUSD1	4,345.1	0	get 0.0000% / 4h	2h 11m	$70.8M	$241.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against ApeX Omni. 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 ApeX OmnibpFee AsterbpOrdersPrice spread, now +0.179%Rate

Funding earned: −$21
Price spread: +0.179% → +0.047%: $13.22
Slippage, 4 orders: −$21.23
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$47.01
Costs to cover: 0.392%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 10 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 ApeX Omni live order book, 10 min ago	6.32 bp	15.4 bp −$15	32.7 bp −$327	43.5 bp −$4,355	doesn't fit
Sell Aster live order book, 2 min ago	0.01 bp	4.0 bp −$4	4.0 bp −$40	20.7 bp −$2,074	doesn't fit

XAU on 38 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	−0.0379%	1h	4,334.7	−0.060%	$26K	$21K	20x	as long as short
Aster XAUUSD1short	0.0000%	4h	4,345.1	+0.179%	$70.8M	$241.0M	20x
Bybit XAUUSDT	0.0000%	4h	4,342.5	+0.118%	$82.6M	$144.9M	150x	as long as short
Gate XAU_USDT	0.0000%	4h	4,343.4	+0.141%	$273.2M	$413.4M	100x	as long as short
GRVT XAU_USDT_Perp	0.0000%	4h	4,344.7	+0.171%	$1.4M	$3.3M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,341.4	+0.094%	$3.9M	$34.1M	15x	as long as short
Bullet GOLD-USD	0.0000%	1h	4,342.2	+0.112%	$58K	$84K	10x	as long as short
SunX XAU-USDT	0.0000%	4h	4,346.4	+0.210%	$92K	$10.9M	20x	as long as short
Bitget XAUUSDT	+0.0018%	4h	4,342.6	+0.121%	$67.1M	$114.0M	100x	as long as short
Binance XAUUSDT	+0.0025%	4h	4,342.2	+0.111%	$415.5M	$2.12B	100x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XAU_USDT	+0.0028%	4h	4,341	+0.086%	$372.9M	$349.6M	1000x	as long as short
Lighter XAU	+0.0032%	1h	4,341.2	+0.088%	$20.7M	$46.8M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,344	+0.153%	$20.2M	$45.0M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,344.1	+0.156%	$13.2M	$51.0M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.302%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,343.8	+0.149%	$3.8M	$4.7M	40x	as long as short
Variational Omni XAU	+0.0046%	4h	4,343.7	+0.146%	$47.8M	$34.0M	—	as long as short
Vest GC-PERP	+0.0046%	1h	4,382.3	+1.037%	—	$995K	25x	as long as short
HTX XAU-USDT	+0.0047%	4h	4,346.2	+0.204%	$2.8M	$3.8M	75x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,339.6	+0.052%	$293.1M	$52.7M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,342.1	+0.110%	$4.3M	$2.3M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,341.1	+0.086%	$14.8M	$54.4M	25x	as long as short
Paradex XAU-USD-PERP	+0.0051%	8h	4,342.6	+0.122%	$19K	$6K	5x	as long as short
QFEX GOLD-USD	+0.0052%	1h	4,342.5	+0.119%	$5.5M	$1.9M	20x	as long as short
edgeX XAUUSDC	+0.0066%	4h	4,338.8	+0.034%	$30.2M	$57.7M	50x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,338.1	+0.018%	$2.0M	$5.2M	25x	as long as short
Aevo XAU-PERP	+0.0088%	1h	4,342	+0.107%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,341.7	+0.101%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDTlong	+0.0100%	1h	4,337.3	long leg	$272K	$204K	50x
Phoenix GOLD	+0.0109%	1h	4,343.5	+0.142%	$47K	$69K	25x	as long as short
BloFin XAU-USDT	+0.0165%	4h	4,344.2	+0.158%	$14.8M	$4.3M	100x	as long as short
Hotstuff GOLD-PERP	+0.0184%	1h	4,339.8	+0.057%	$33K	—	25x	as long as short
RISEx XAU/USDC	+0.0190%	1h	4,343	+0.130%	$3.4M	$12.6M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0208%	8h	4,343.4	+0.140%	$157.9M	$275.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0333%	1h	4,338.9	+0.037%	$599K	$139K	25x	as long as short
Phemex XAUUSDT	+0.0422%	4h	4,345.8	+0.196%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0495% / S −0.0311%	1h	4,342.1	+0.111%	$251K	—	29x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0903%	1h	4,340.9	+0.082%	$221K	$885K	25x	as long as short