Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0152%/8h= +16.6% APRpaid last 24h +0.008%

Price spread now: Bullet against Aster−0.032%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 Bullet

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. Bullet is 0.032% cheaper against Aster than usual: you would sell low and buy high (spread −0.032% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 17 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAUUSD1	4,349.4	0.0039	pay 0.0020% / 4h	1h 11m	$70.6M	$334.2M	20x
Short	Bullet GOLD-USD	4,348	0.0191	get 0.0024% / 1h	11m 00s	$59K	$83K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now −0.032%Rate

Funding earned: $31.93
Price spread: −0.032% → 0.000%: −$3.2
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Bullet: 4 bp × 2 orders: −$8
Net: $12.73
Costs to cover: 0.160%
Break-even: 4.2 days

Slippage unknown: Aster: live order book, 3 min ago; Bullet: 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, 3 min ago	0.01 bp	4.0 bp −$4	4.0 bp −$40	14.1 bp −$1,406	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: 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 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
Gate XAU_USDT	0.0000%	4h	4,350.9	+0.035%	$264.2M	$416.0M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,352.4	+0.068%	$92K	$9.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,344.3	−0.117%	$266K	—	250x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,347.8	−0.038%	$3.4M	$12.4M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,344.6	−0.111%	$13.5M	$38.8M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.023%	$619	$54	52x	as long as short
Aster XAUUSD1long	+0.0039%	4h	4,349.4	long leg	$70.6M	$334.2M	20x
StandX XAU-USD	+0.0040%	1h	4,349.4	0.000%	$3.8M	$4.6M	40x	as long as short
Kalshi KXGOLDPERP	+0.0040%	24h	4,346.4	−0.069%	$4.1M	$37.1M	15x	as long as short
Vest GC-PERP	+0.0046%	1h	4,381.2	+0.731%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USD	+0.0046%	1h	4,347	−0.055%	$5.7M	$2.0M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,344.7	−0.108%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,346.3	−0.071%	$293.9M	$49.0M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,344.6	−0.110%	$15.1M	$56.8M	25x	as long as short
Variational Omni XAU	+0.0053%	4h	4,347.3	−0.048%	$48.5M	$27.8M	—	as long as short
GRVT XAU_USDT_Perp	+0.0054%	4h	4,350.6	+0.028%	$1.4M	$2.9M	25x	as long as short
Lighter XAU	+0.0056%	1h	4,348.3	−0.025%	$20.6M	$42.6M	25x	as long as short
Lighter RH XAU	+0.0064%	1h	4,350.3	+0.020%	$20.1M	$39.9M	25x	as long as short
MEXC XAU_USDT	+0.0072%	4h	4,349.5	+0.003%	$372.2M	$319.9M	1000x	as long as short
Binance XAUUSDT	+0.0073%	4h	4,349.5	+0.001%	$410.4M	$2.10B	100x	as long as short
Paradex XAU-USD-PERP	+0.0078%	8h	4,347.7	−0.038%	$19K	$5K	5x	as long as short
edgeX XAUUSDC	+0.0090%	4h	4,346.3	−0.072%	$30.3M	$58.4M	50x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,347.8	−0.036%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,344.4	−0.116%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,347.5	−0.045%	$275K	$203K	50x	as long as short
Polymarket Perps GOLD-USD	+0.0116%	1h	4,347.4	−0.046%	$4.3M	$1.9M	20x	as long as short
Phoenix GOLD	+0.0136%	1h	4,350.4	+0.023%	$47K	$77K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0141%	1h	4,347.5	−0.044%	$254K	$752K	25x	as long as short
Hotstuff GOLD-PERP	+0.0144%	1h	4,345.1	−0.099%	$33K	—	25x	as long as short
Bullet GOLD-USDshort	+0.0191%	1h	4,348	−0.032%	$59K	$83K	10x
Bybit XAUUSDT	+0.0202%	4h	4,350.7	+0.030%	$84.4M	$145.3M	150x	as long as short
Phemex XAUUSDT	+0.0210%	4h	4,353.1	+0.085%	$2.2M	$1.1M	100x	as long as short
Bitget XAUUSDT	+0.0214%	4h	4,349.7	+0.006%	$70.3M	$109.5M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0257%	8h	4,350.5	+0.025%	$165.4M	$283.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0270%	1h	4,345.5	−0.091%	$593K	$133K	25x	as long as short
BloFin XAU-USDT	+0.0293%	4h	4,349.3	−0.003%	$15.6M	$4.6M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0404% / S −0.0218%	1h	4,348.2	−0.028%	$248K	—	111x	as long as short
Bluefin GOLD-PERP	+0.0566%	1h	4,342.6	−0.157%	$25K	$14K	20x	as long as short
HTX XAU-USDT	+0.0579%	4h	4,354.5	+0.118%	$2.9M	$4.2M	75x	as long as short