Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0124%/8h= −13.5% APRpaid last 24h +0.194%

Price spread now: Bluefin against Aster−0.179%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Bluefin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bluefin is 0.179% cheaper against Aster than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAUUSD1	4,340.3	0.0066	pay 0.0033% / 4h	1h 51m	$72.6M	$276.0M	20x
Short	Bluefin GOLD-PERP	4,332.6	−0.0058	pay 0.0007% / 1h	51m 57s	$25K	$1K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bluefin 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 BluefinbpOrdersPrice spread, now −0.179%Rate

Funding earned: −$25.97
Price spread: −0.179% → 0.000%: −$17.9
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Bluefin: 3.5 bp × 2 orders: −$7
Net: −$58.87
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 5 min ago; Bluefin: no order-book sample. Net counts fees only.

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	4.3 bp −$4	5.8 bp −$58	35.4 bp −$3,535	doesn't fit
Sell Bluefin no order-book sample	—	—	—	—	—

Bluefin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Hotstuff GOLD-PERP	−3.0304%	1h	4,318.3	−0.507%	$32K	—	25x	as long as short
Bluefin GOLD-PERPshort	−0.0058%	1h	4,332.6	−0.179%	$25K	$1K	20x
SunX XAU-USDT	0.0000%	4h	4,343.9	+0.083%	$92K	$6.0M	20x	as long as short
Coinbase International GOLD-PERP-INTX	0.0000%	1h	4,333.3	−0.162%	$2.1M	$5.3M	25x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,334.1	−0.144%	$274K	—	250x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0027%	1h	4,338.3	−0.047%	$135K	$707K	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.233%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,341.5	+0.027%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0041%	1h	4,337.6	−0.063%	$6.7M	$3.2M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,373.1	+0.755%	—	$1.0M	25x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	4,336.3	−0.093%	$292.7M	$51.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,334.6	−0.132%	$15.1M	$59.1M	25x	as long as short
Paradex XAU-USD-PERP	+0.0055%	8h	4,338.1	−0.051%	$2K	$13K	5x	as long as short
Polymarket Perps GOLD-USD	+0.0061%	1h	4,338	−0.053%	$4.3M	$1.7M	20x	as long as short
Aster XAUUSD1long	+0.0066%	4h	4,340.3	long leg	$72.6M	$276.0M	20x
Variational Omni XAU	+0.0087%	4h	4,337.4	−0.067%	$47.3M	$29.2M	—	as long as short
Gate XAU_USDT	+0.0094%	4h	4,340.2	−0.003%	$300.4M	$442.0M	100x	as long as short
Lighter XAU	+0.0096%	1h	4,339.8	−0.012%	$20.2M	$30.3M	25x	as long as short
Lighter RH XAU	+0.0096%	1h	4,342	+0.038%	$19.6M	$39.8M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,334.8	−0.126%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,337.3	−0.070%	$285K	$223K	50x	as long as short
Binance XAUUSDT	+0.0101%	4h	4,338.9	−0.032%	$443.9M	$2.43B	100x	as long as short
MEXC XAU_USDT	+0.0102%	4h	4,338.8	−0.035%	$367.7M	$351.7M	1000x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,338.9	−0.033%	$161K	$87	10x	as long as short
GRVT XAU_USDT_Perp	+0.0106%	4h	4,340.9	+0.012%	$1.4M	$3.1M	25x	as long as short
edgeX XAUUSDC	+0.0115%	4h	4,333.8	−0.151%	$30.3M	$67.1M	50x	as long as short
Phoenix GOLD	+0.0127%	1h	4,334.6	−0.132%	$43K	$71K	25x	as long as short
Bybit XAUUSDT	+0.0128%	4h	4,340.1	−0.006%	$82.6M	$173.2M	150x	as long as short
Extended XAU-USD	+0.0128%	1h	4,335.7	−0.105%	$12.5M	$34.5M	25x	as long as short
Kalshi KXGOLDPERP	+0.0136%	24h	4,341	+0.016%	$3.5M	$51.0M	15x	as long as short
Bullet GOLD-USD	+0.0179%	1h	4,340.3	0.000%	$59K	$76K	10x	as long as short
RISEx XAU/USDC	+0.0205%	1h	4,338.9	−0.032%	$4.7M	$13.3M	25x	as long as short
Phemex XAUUSDT	+0.0210%	4h	4,342.2	+0.043%	$2.3M	$784K	100x	as long as short
Bitget XAUUSDT	+0.0216%	4h	4,339.1	−0.027%	$73.0M	$139.5M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0240%	8h	4,339.7	−0.014%	$170.5M	$361.2M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0253%	1h	4,336.7	−0.084%	$584K	$167K	25x	as long as short
BloFin XAU-USDT	+0.0345%	4h	4,338.2	−0.048%	$16.3M	$5.3M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0461% / S −0.0308%	1h	4,340.3	+0.001%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.1095%	4h	4,344.7	+0.101%	$3.2M	$7.1M	75x	as long as short