Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.009%

Price spread now: Binance against Aster−0.017%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$180.181% of the position

Long on Aster Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.031%+$3 on $10k

Price spread, last 2 days (all we have)−0.005%$0 · spread now −0.017%, 7d avg −0.006%

Together, before fees+0.026%+ Points / potential airdropAster: Stage 5 · farm board+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAUUSD1	4,372.8	0	get 0.0000% / 4h	3h 59m	$71.9M	$223.5M	20x
Short	Binance XAUUSDT	4,372.1	0	get 0.0000% / 4h	3h 59m	$411.2M	$2.14B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.017%Rate

Funding earned: $0
Price spread: −0.017% → −0.006%: −$1.05
Slippage, 4 orders: −$0.08
Fee Aster: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$19.13
Costs to cover: 0.181%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; Binance: live order book, 15 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, 5 min ago	0.01 bp	4.0 bp −$4	5.7 bp −$57	20.5 bp −$2,053	doesn't fit
Sell Binance live order book, 15 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	5.8 bp −$582	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
Phoenix GOLD	−0.0004%	1h	4,368.5	−0.099%	$48K	$64K	25x	as long as short
Aster XAUUSD1long	0.0000%	4h	4,372.8	long leg	$71.9M	$223.5M	20x
Binance XAUUSDTshort	0.0000%	4h	4,372.1	−0.017%	$411.2M	$2.14B	100x
Bybit XAUUSDT	0.0000%	4h	4,372.8	−0.001%	$82.6M	$142.8M	150x	as long as short
Gate XAU_USDT	0.0000%	4h	4,373	+0.003%	$268.3M	$404.5M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,372.3	−0.012%	$375.6M	$318.9M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,372.3	−0.011%	$69.7M	$113.7M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,372.6	−0.005%	$48.6M	$28.4M	—	as long as short
GRVT XAU_USDT_Perp	0.0000%	4h	4,373.8	+0.022%	$1.4M	$3.2M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,370.1	−0.062%	$4.0M	$36.4M	15x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX XAU-USDT	0.0000%	4h	4,376.4	+0.081%	$93K	$10.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,368.3	−0.104%	$268K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0008%	1h	4,369	−0.088%	$33K	—	25x	as long as short
edgeX XAUUSDC	+0.0011%	4h	4,366.4	−0.146%	$30.4M	$59.6M	50x	as long as short
QFEX GOLD-USD	+0.0032%	1h	4,371.1	−0.040%	$5.6M	$1.9M	20x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.512%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,373.8	+0.022%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,407	+0.781%	—	$1.0M	25x	as long as short
RISEx XAU/USDC	+0.0048%	1h	4,372.6	−0.006%	$3.4M	$12.3M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,372.3	−0.011%	$20.7M	$42.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,368.7	−0.094%	$294.5M	$53.0M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,368.1	−0.109%	$14.7M	$57.1M	25x	as long as short
Lighter RH XAU	+0.0056%	1h	4,374.6	+0.040%	$20.2M	$40.7M	25x	as long as short
Paradex XAU-USD-PERP	+0.0061%	8h	4,373.1	+0.005%	$19K	$5K	5x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,371.7	−0.026%	$162K	$87	10x	as long as short
Polymarket Perps GOLD-USD	+0.0081%	1h	4,371.6	−0.028%	$4.3M	$1.8M	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0093%	1h	4,370.4	−0.056%	$235K	$717K	25x	as long as short
Extended XAU-USD	+0.0096%	1h	4,368.5	−0.099%	$13.2M	$44.4M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,370.4	−0.056%	$2.0M	$5.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,370	−0.065%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,370.4	−0.056%	$277K	$204K	50x	as long as short
OKX XAU-USDT-SWAP	+0.0163%	8h	4,372.5	−0.007%	$158.8M	$274.2M	100x	as long as short
Bullet GOLD-USD	+0.0179%	1h	4,372.5	−0.008%	$59K	$82K	10x	as long as short
HTX XAU-USDT	+0.0212%	4h	4,377.1	+0.099%	$2.9M	$3.8M	75x	as long as short
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,369.6	−0.075%	$603K	$147K	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,373.8	+0.023%	$14.8M	$4.5M	100x	as long as short
Phemex XAUUSDT	+0.0326%	4h	4,376.4	+0.083%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,372.4	−0.010%	$252K	—	111x	as long as short
Bluefin GOLD-PERP	+0.4878%	1h	4,368.3	−0.104%	$26K	$22K	20x	as long as short