Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0035%/8h= +3.8% APRpaid last 24h +0.007%

Price spread now: ApeX Omni against Aster−0.148%99s7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as 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−$410.411% of the position

Long on Aster Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.056%+$6 on $10k

Price spread, last 4 days (all we have)+0.063%+$6 · spread now −0.148%, 7d avg −0.050%

Together, before fees+0.120%+ Points / potential airdropAster: Stage 5 · farm board+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.097% cheaper against Aster than usual: you would sell low and buy high (spread −0.148% now, against its 7-day average of −0.050%). If the spread goes back, that is −$10 on $10k: about 9.3 days of funding at the current rate (+$1 a day). 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	Aster XAUUSD1	4,322.8	0.0065	pay 0.0033% / 4h	2h 17m	$73.6M	$274.4M	20x
Short	ApeX Omni XAUUSDT	4,316.5	0.0100	get 0.0013% / 1h	17m 54s	$283K	$223K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.148%Rate

Funding earned: $7.33
Price spread: −0.148% → −0.050%: −$9.72
Slippage, 4 orders: −$23.06
Fee Aster: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$43.45
Costs to cover: 0.411%
Break-even: 48.5 days

Slippage from Aster: live order book, 4 min ago; ApeX Omni: live order book, 32 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	4.1 bp −$41	22.4 bp −$2,235	doesn't fit
Sell ApeX Omni live order book, 32 min ago	4.60 bp	19.3 bp −$19	33.2 bp −$332	62.2 bp −$6,219	doesn't fit

XAU on 39 exchanges

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-USDT	0.0000%	4h	4,324.3	+0.034%	$92K	$6.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,317.1	−0.134%	$274K	—	250x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0024%	1h	4,316.3	−0.151%	$2.0M	$5.1M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.638%	$619	$54	52x	as long as short
QFEX GOLD-USD	+0.0038%	1h	4,319	−0.089%	$6.6M	$3.2M	20x	as long as short
StandX XAU-USD	+0.0040%	1h	4,320.7	−0.050%	$3.8M	$4.5M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,352.9	+0.695%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,317.7	−0.119%	$291.5M	$52.6M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,316	−0.159%	$15.0M	$57.4M	25x	as long as short
Paradex XAU-USD-PERP	+0.0055%	8h	4,319.3	−0.083%	$2K	$13K	5x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx XAU/USDC	+0.0056%	1h	4,320.5	−0.054%	$4.7M	$13.5M	25x	as long as short
Aster XAUUSD1long	+0.0065%	4h	4,322.8	long leg	$73.6M	$274.4M	20x
Phoenix GOLD	+0.0076%	1h	4,316.9	−0.138%	$43K	$72K	25x	as long as short
Gate XAU_USDT	+0.0084%	4h	4,323.2	+0.009%	$300.3M	$444.5M	100x	as long as short
Hotstuff GOLD-PERP	+0.0088%	1h	4,317.9	−0.114%	$32K	—	25x	as long as short
Variational Omni XAU	+0.0090%	4h	4,319	−0.090%	$47.0M	$29.3M	—	as long as short
Lighter XAU	+0.0096%	1h	4,320	−0.067%	$20.1M	$29.9M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,315.8	−0.163%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDTshort	+0.0100%	1h	4,316.5	−0.148%	$283K	$223K	50x
MEXC XAU_USDT	+0.0112%	4h	4,321.3	−0.035%	$360.3M	$359.9M	1000x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,319.6	−0.075%	$160K	$87	10x	as long as short
Binance XAUUSDT	+0.0114%	4h	4,321.2	−0.039%	$440.4M	$2.38B	100x	as long as short
GRVT XAU_USDT_Perp	+0.0114%	4h	4,318.7	−0.095%	$1.4M	$3.0M	25x	as long as short
Bybit XAUUSDT	+0.0116%	4h	4,322.6	−0.007%	$80.5M	$170.9M	150x	as long as short
Bluefin GOLD-PERP	+0.0119%	1h	4,314	−0.205%	$25K	$1K	20x	as long as short
edgeX XAUUSDC	+0.0124%	4h	4,315	−0.181%	$30.1M	$66.2M	50x	as long as short
Kalshi KXGOLDPERP	+0.0130%	24h	4,322.3	−0.013%	$3.5M	$49.7M	15x	as long as short
Polymarket Perps GOLD-USD	+0.0133%	1h	4,319.5	−0.077%	$4.3M	$1.7M	20x	as long as short
Lighter RH XAU	+0.0144%	1h	4,322.9	+0.002%	$20.0M	$40.1M	25x	as long as short
Extended XAU-USD	+0.0144%	1h	4,317	−0.136%	$12.7M	$35.0M	25x	as long as short
Bullet GOLD-USD	+0.0200%	1h	4,320	−0.066%	$59K	$76K	10x	as long as short
Bitget XAUUSDT	+0.0208%	4h	4,321.6	−0.029%	$74.0M	$134.2M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0213%	1h	4,318.9	−0.091%	$135K	$788K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0242%	8h	4,322.8	−0.001%	$170.5M	$354.2M	100x	as long as short
BloFin XAU-USDT	+0.0354%	4h	4,321	−0.043%	$16.2M	$5.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0412%	1h	4,317.5	−0.125%	$581K	$165K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0459% / S −0.0306%	1h	4,321	−0.043%	$252K	—	111x	as long as short
Phemex XAUUSDT	+0.0478%	4h	4,321.6	−0.030%	$2.2M	$783K	100x	as long as short
HTX XAU-USDT	+0.1124%	4h	4,328.9	+0.141%	$3.2M	$7.0M	75x	as long as short