Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0130%/8h= +14.2% APRpaid last 24h +0.047%

Price spread now: Deribit against Aster−0.066%7-day average −0.115% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$180.184% of the position

Long on Aster Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.711%+$71 on $10k

Price spread, last 4 days (all we have)−0.066%−$7 · spread now −0.066%, 7d avg −0.115%

Together, before fees+0.645%+ Points / potential airdropAster: Stage 5 · farm board+$64 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Deribit is 0.049% dearer against Aster than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.115%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAUUSD1	4,329.9	0.0059	pay 0.0030% / 4h	40m 10s	$72.9M	$272.1M	20x
Short	Deribit GOLD_USDC-PERPETUAL	4,327	0.0189	get 0.0024% / 1h	40m 10s	$163K	$868K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.066%Rate

Funding earned: $27.29
Price spread: −0.066% → −0.115%: $4.94
Slippage, 4 orders: −$3.38
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $13.84
Costs to cover: 0.184%
Break-even: 3.4 days

Slippage from Aster: live order book, 4 min ago; Deribit: live order book, 64 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	5.1 bp −$5	5.7 bp −$57	23.6 bp −$2,359	doesn't fit
Sell Deribit live order book, 64 min ago	0.12 bp	5.7 bp −$6	7.8 bp −$78	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
Bluefin GOLD-PERP	−0.0158%	1h	4,320.8	−0.209%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,332.4	+0.058%	$92K	$7.3M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,324.3	−0.128%	$271K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.475%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,328.4	−0.034%	$3.8M	$4.5M	40x	as long as short
Bybit XAUUSDT	+0.0042%	4h	4,329.4	−0.010%	$77.6M	$153.3M	150x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,325.9	−0.091%	$5.5M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,360.4	+0.705%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,324.1	−0.133%	$291.9M	$51.6M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,323.6	−0.144%	$15.0M	$55.7M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XAUUSD1long	+0.0059%	4h	4,329.9	long leg	$72.9M	$272.1M	20x
Paradex XAU-USD-PERP	+0.0067%	8h	4,327.1	−0.064%	$2K	$14K	5x	as long as short
Lighter XAU	+0.0072%	1h	4,327.2	−0.062%	$20.3M	$29.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0072%	1h	4,323.8	−0.140%	$32K	—	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,325.8	−0.094%	$2.1M	$4.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0090%	24h	4,329.5	−0.008%	$3.8M	$44.5M	15x	as long as short
Variational Omni XAU	+0.0091%	4h	4,327	−0.066%	$47.2M	$29.3M	—	as long as short
GRVT XAU_USDT_Perp	+0.0096%	4h	4,324	−0.136%	$1.4M	$3.1M	25x	as long as short
Phoenix GOLD	+0.0096%	1h	4,320.6	−0.214%	$47K	$79K	25x	as long as short
MEXC XAU_USDT	+0.0098%	4h	4,328.3	−0.036%	$364.3M	$326.6M	1000x	as long as short
Binance XAUUSDT	+0.0099%	4h	4,328.3	−0.037%	$425.9M	$2.13B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,323.7	−0.141%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,321.2	−0.200%	$272K	$208K	50x	as long as short
edgeX XAUUSDC	+0.0101%	4h	4,320.8	−0.209%	$30.1M	$59.4M	50x	as long as short
Gate XAU_USDT	+0.0104%	4h	4,330.2	+0.008%	$280.5M	$413.5M	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,327.3	−0.059%	$160K	$87	10x	as long as short
Lighter RH XAU	+0.0128%	1h	4,329.8	−0.002%	$20.1M	$38.8M	25x	as long as short
Extended XAU-USD	+0.0152%	1h	4,324.2	−0.130%	$13.3M	$36.7M	25x	as long as short
Deribit GOLD_USDC-PERPETUALshort	+0.0189%	1h	4,327	−0.066%	$163K	$868K	25x
Bitget XAUUSDT	+0.0196%	4h	4,328.2	−0.038%	$70.3M	$118.8M	100x	as long as short
Bullet GOLD-USD	+0.0207%	1h	4,328.6	−0.029%	$59K	$80K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0223%	1h	4,328.5	−0.031%	$4.3M	$2.0M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0228%	1h	4,325.6	−0.098%	$578K	$135K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0281%	8h	4,328.4	−0.034%	$173.8M	$300.2M	100x	as long as short
BloFin XAU-USDT	+0.0338%	4h	4,327.2	−0.061%	$16.4M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0354%	4h	4,331	+0.027%	$2.2M	$974K	100x	as long as short
HTX XAU-USDT	+0.0390%	4h	4,332.9	+0.070%	$3.2M	$5.9M	75x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,328.3	−0.037%	$253K	—	111x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,328.2	−0.039%	$4.6M	$13.4M	25x	as long as short