Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0007%/8h= +0.8% APRpaid last 24h −0.009%

Price spread now: Coinbase International against Aster−0.090%7-day average −0.106% · you buy dearer than you sell

Net, funding: paid 7d − costs+$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$200.195% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.395%+$39 on $10k

Price spread, last 4 days (all we have)+0.112%+$11 · spread now −0.090%, 7d avg −0.106%

Together, before fees+0.507%+ Points / potential airdropAster: Stage 5 · farm board+$51 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAUUSD1	4,353.8	0.0041	pay 0.0020% / 4h	1h 32m	$70.4M	$333.6M	20x
Short	Coinbase International GOLD-PERP-INTX	4,349.9	0.0048	get 0.0006% / 1h	32m 07s	$2.0M	$4.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.090%Rate

Funding earned: $1.56
Price spread: −0.090% → −0.106%: $1.52
Slippage, 4 orders: −$1.53
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$16.45
Costs to cover: 0.195%
Break-even: 80.7 days

Slippage from Aster: live order book, 2 min ago; Coinbase International: live order book, 2 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, 2 min ago	0.01 bp	4.0 bp −$4	4.0 bp −$40	13.0 bp −$1,298	doesn't fit
Sell Coinbase International live order book, 2 min ago	0.12 bp	5.4 bp −$5	7.3 bp −$73	doesn't fit	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
SunX XAU-USDT	0.0000%	4h	4,356.6	+0.064%	$93K	$9.3M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,349.5	−0.099%	$267K	—	250x	as long as short
Gate XAU_USDT	+0.0006%	4h	4,354.7	+0.019%	$266.5M	$410.8M	100x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,351.9	−0.045%	$3.4M	$12.4M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,349.1	−0.108%	$13.6M	$39.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.079%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0038%	24h	4,350.2	−0.084%	$4.1M	$36.9M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,353.5	−0.008%	$3.8M	$4.6M	40x	as long as short
Aster XAUUSD1long	+0.0041%	4h	4,353.8	long leg	$70.4M	$333.6M	20x
Vest GC-PERP	+0.0046%	1h	4,385.8	+0.734%	—	$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	4,351.5	−0.054%	$5.6M	$1.9M	20x	as long as short
GRVT XAU_USDT_Perp	+0.0048%	4h	4,351.9	−0.045%	$1.4M	$3.0M	25x	as long as short
Coinbase International GOLD-PERP-INTXshort	+0.0048%	1h	4,349.9	−0.090%	$2.0M	$4.9M	25x
tradeXYZ xyz:GOLD	+0.0050%	1h	4,350.1	−0.086%	$293.9M	$48.7M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,348.7	−0.119%	$15.1M	$57.5M	25x	as long as short
Lighter XAU	+0.0056%	1h	4,352.3	−0.036%	$20.6M	$42.2M	25x	as long as short
Variational Omni XAU	+0.0058%	4h	4,350.5	−0.077%	$48.3M	$27.8M	—	as long as short
Lighter RH XAU	+0.0072%	1h	4,354.3	+0.010%	$20.1M	$39.7M	25x	as long as short
MEXC XAU_USDT	+0.0072%	4h	4,353.3	−0.011%	$372.7M	$318.0M	1000x	as long as short
Binance XAUUSDT	+0.0074%	4h	4,353.8	−0.002%	$413.1M	$2.10B	100x	as long as short
Paradex XAU-USD-PERP	+0.0083%	8h	4,352.1	−0.039%	$19K	$5K	5x	as long as short
edgeX XAUUSDC	+0.0089%	4h	4,346.1	−0.177%	$30.3M	$58.8M	50x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,351.8	−0.048%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,349	−0.111%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,348.5	−0.123%	$275K	$203K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,346.4	−0.172%	$25K	$14K	20x	as long as short
Polymarket Perps GOLD-USD	+0.0132%	1h	4,352	−0.042%	$4.3M	$1.9M	20x	as long as short
Phoenix GOLD	+0.0136%	1h	4,346.5	−0.169%	$47K	$77K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0141%	1h	4,351.7	−0.049%	$258K	$705K	25x	as long as short
Hotstuff GOLD-PERP	+0.0176%	1h	4,349.1	−0.109%	$33K	—	25x	as long as short
Phemex XAUUSDT	+0.0182%	4h	4,353.5	−0.008%	$2.2M	$1.1M	100x	as long as short
Bybit XAUUSDT	+0.0196%	4h	4,355.1	+0.030%	$84.5M	$145.1M	150x	as long as short
Bitget XAUUSDT	+0.0212%	4h	4,353.8	−0.001%	$70.2M	$109.6M	100x	as long as short
Bullet GOLD-USD	+0.0218%	1h	4,352.5	−0.030%	$59K	$83K	10x	as long as short
OKX XAU-USDT-SWAP	+0.0252%	8h	4,354.3	+0.011%	$164.9M	$281.9M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,349.9	−0.090%	$593K	$133K	25x	as long as short
BloFin XAU-USDT	+0.0296%	4h	4,352.7	−0.027%	$15.5M	$4.6M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0403% / S −0.0214%	1h	4,353.2	−0.015%	$251K	—	111x	as long as short
HTX XAU-USDT	+0.0560%	4h	4,357.7	+0.089%	$2.9M	$4.2M	75x	as long as short