Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h −0.003%

Price spread now: Aevo against Aster−0.029%59s7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as 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−$350.351% of the position

Long on Aster Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.057%+$6 on $10k

Price spread, last 3 days (all we have)+0.071%+$7 · spread now −0.029%, 7d avg −0.021%

Together, before fees+0.128%+ Points / potential airdropAster: Stage 5 · farm board+$13 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: +$3 a day on $10k at the current rate. The two prices were read 59 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	Aster XAUUSD1	4,346.8	0	get 0.0000% / 4h	2h 20m	$70.9M	$240.3M	20x
Short	Aevo XAU-PERP	4,345.6	0.0104	get 0.0013% / 1h	20m 30s	$161K	$87	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Aster. 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 AsterbpFee AevobpOrdersPrice spread, now −0.029%Rate

Funding earned: $21.84
Price spread: −0.029% → −0.021%: −$0.84
Slippage, 4 orders: −$11.13
Fee Aster: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$14.14
Costs to cover: 0.351%
Break-even: 11.5 days

Slippage from Aster: live order book, 4 min ago; Aevo: live order book, 3 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 Aster live order book, 4 min ago	0.01 bp	4.0 bp −$4	4.5 bp −$45	150.1 bp −$15.0K	doesn't fit
Sell Aevo live order book, 3 min ago	4.30 bp	13.5 bp −$14	22.5 bp −$225	doesn't fit	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	−0.0302%	1h	4,341.7	−0.118%	$26K	$21K	20x	as long as short
Aster XAUUSD1long	0.0000%	4h	4,346.8	long leg	$70.9M	$240.3M	20x
Bybit XAUUSDT	0.0000%	4h	4,346.8	0.000%	$82.9M	$142.9M	150x	as long as short
Gate XAU_USDT	0.0000%	4h	4,346.8	−0.001%	$272.3M	$411.6M	100x	as long as short
GRVT XAU_USDT_Perp	0.0000%	4h	4,345.7	−0.026%	$1.4M	$3.3M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,343.9	−0.067%	$3.9M	$34.1M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,350	+0.074%	$92K	$10.9M	20x	as long as short
Bullet GOLD-USD	+0.0032%	1h	4,345.7	−0.025%	$58K	$83K	10x	as long as short
Lighter XAU	+0.0032%	1h	4,344.8	−0.047%	$20.6M	$46.5M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,347.5	+0.014%	$20.1M	$44.8M	25x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAU-USD	+0.0032%	1h	4,344.7	−0.049%	$13.1M	$50.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.083%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,345.9	−0.021%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,382	+0.809%	—	$995K	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,343.2	−0.083%	$293.0M	$51.7M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,345.4	−0.033%	$4.3M	$2.2M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,342.3	−0.103%	$14.7M	$52.7M	25x	as long as short
QFEX GOLD-USD	+0.0052%	1h	4,345	−0.042%	$5.5M	$1.9M	20x	as long as short
Paradex XAU-USD-PERP	+0.0061%	8h	4,346.2	−0.015%	$19K	$6K	5x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,343.6	−0.074%	$2.0M	$5.2M	25x	as long as short
Binance XAUUSDT	+0.0080%	4h	4,345.6	−0.028%	$412.3M	$2.09B	100x	as long as short
MEXC XAU_USDT	+0.0082%	4h	4,345.6	−0.028%	$369.0M	$341.9M	1000x	as long as short
Variational Omni XAU	+0.0086%	4h	4,345.6	−0.029%	$47.8M	$34.2M	—	as long as short
Hotstuff GOLD-PERP	+0.0088%	1h	4,342.9	−0.090%	$33K	—	25x	as long as short
Bitget XAUUSDT	+0.0090%	4h	4,346	−0.019%	$67.3M	$112.7M	100x	as long as short
edgeX XAUUSDC	+0.0100%	4h	4,341.5	−0.122%	$30.2M	$57.5M	50x	as long as short
Pacifica XAU	+0.0100%	1h	4,343.9	−0.068%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,344.6	−0.052%	$273K	$203K	50x	as long as short
Aevo XAU-PERPshort	+0.0104%	1h	4,345.6	−0.029%	$161K	$87	10x
Phoenix GOLD	+0.0109%	1h	4,345.1	−0.040%	$47K	$69K	25x	as long as short
HTX XAU-USDT	+0.0125%	4h	4,349.2	+0.055%	$2.8M	$3.7M	75x	as long as short
RISEx XAU/USDC	+0.0190%	1h	4,345.9	−0.022%	$3.5M	$12.5M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0240%	8h	4,345.8	−0.024%	$157.7M	$271.7M	100x	as long as short
BloFin XAU-USDT	+0.0323%	4h	4,345.8	−0.025%	$14.7M	$4.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0333%	1h	4,343.3	−0.080%	$587K	$114K	25x	as long as short
Phemex XAUUSDT	+0.0383%	4h	4,348.7	+0.042%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0495% / S −0.0311%	1h	4,345.7	−0.025%	$251K	—	29x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0672%	1h	4,343.2	−0.083%	$221K	$893K	25x	as long as short