Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0027%/8h= −3.0% APRpaid last 24h −0.018%

Price spread now: Extended against Aster−0.100%7-day average −0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$140.141% of the position

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 7 days+0.060%+$6 · spread now −0.100%, 7d avg −0.095%

Together, before fees−0.007%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.095%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAUUSD1	4,350.5	0.0059	pay 0.0030% / 4h	43m 59s	$71.0M	$333.8M	20x
Short	Extended XAU-USD	4,346.2	0.0032	get 0.0004% / 1h	43m 59s	$13.3M	$38.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.100%Rate

Funding earned: −$5.71
Price spread: −0.100% → −0.095%: −$0.54
Slippage, 4 orders: −$1.12
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$20.36
Costs to cover: 0.141%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; Extended: live order book, 5 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	4.4 bp −$44	14.3 bp −$1,426	doesn't fit
Sell Extended live order book, 5 min ago	0.12 bp	3.5 bp −$3	5.0 bp −$50	8.2 bp −$823	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
RISEx XAU/USDC	0.0000%	1h	4,349.2	−0.029%	$3.4M	$12.3M	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,354	+0.080%	$93K	$9.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,346.1	−0.102%	$271K	—	250x	as long as short
Gate XAU_USDT	+0.0016%	4h	4,351.4	+0.021%	$269.1M	$409.9M	100x	as long as short
Lighter XAU	+0.0032%	1h	4,348.6	−0.043%	$20.8M	$37.8M	25x	as long as short
Extended XAU-USDshort	+0.0032%	1h	4,346.2	−0.100%	$13.3M	$38.6M	25x
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.002%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,349.2	−0.030%	$3.8M	$4.6M	40x	as long as short
QFEX GOLD-USD	+0.0041%	1h	4,347.3	−0.074%	$5.7M	$2.0M	20x	as long as short
Kalshi KXGOLDPERP	+0.0043%	24h	4,347.4	−0.071%	$4.1M	$37.1M	15x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,382.5	+0.735%	—	$1.1M	25x	as long as short
Lighter RH XAU	+0.0048%	1h	4,350.7	+0.005%	$20.1M	$39.1M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,342.7	−0.180%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,346.8	−0.085%	$293.9M	$48.7M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,345.8	−0.108%	$15.1M	$56.8M	25x	as long as short
Aster XAUUSD1long	+0.0059%	4h	4,350.5	long leg	$71.0M	$333.8M	20x
Variational Omni XAU	+0.0077%	4h	4,347.1	−0.078%	$48.4M	$27.7M	—	as long as short
GRVT XAU_USDT_Perp	+0.0080%	4h	4,345.1	−0.125%	$1.4M	$3.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0087%	8h	4,349.3	−0.029%	$19K	$5K	5x	as long as short
MEXC XAU_USDT	+0.0090%	4h	4,350.2	−0.008%	$371.4M	$316.8M	1000x	as long as short
Binance XAUUSDT	+0.0092%	4h	4,350.2	−0.008%	$414.6M	$2.09B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,345.6	−0.113%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,343.7	−0.157%	$274K	$203K	50x	as long as short
edgeX XAUUSDC	+0.0102%	4h	4,341.5	−0.206%	$30.2M	$58.5M	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,348.7	−0.041%	$161K	$87	10x	as long as short
Hotstuff GOLD-PERP	+0.0120%	1h	4,345.9	−0.106%	$33K	—	25x	as long as short
Phoenix GOLD	+0.0142%	1h	4,343	−0.173%	$47K	$77K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0164%	1h	4,349.6	−0.021%	$4.3M	$1.9M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0194%	1h	4,346.7	−0.088%	$593K	$133K	25x	as long as short
Phemex XAUUSDT	+0.0201%	4h	4,350.2	−0.007%	$2.2M	$967K	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0210%	1h	4,348.6	−0.044%	$244K	$787K	25x	as long as short
Bullet GOLD-USD	+0.0216%	1h	4,350	−0.012%	$60K	$82K	10x	as long as short
Bitget XAUUSDT	+0.0230%	4h	4,350	−0.012%	$70.0M	$109.2M	100x	as long as short
Bybit XAUUSDT	+0.0234%	4h	4,351.6	+0.025%	$85.0M	$145.0M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0280%	8h	4,351.2	+0.016%	$165.6M	$281.9M	100x	as long as short
BloFin XAU-USDT	+0.0334%	4h	4,348.9	−0.037%	$15.6M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0411% / S −0.0227%	1h	4,350	−0.012%	$248K	—	111x	as long as short
HTX XAU-USDT	+0.0628%	4h	4,354.5	+0.091%	$2.9M	$4.3M	75x	as long as short
Bluefin GOLD-PERP	+0.1095%	1h	4,342.3	−0.188%	$25K	$14K	20x	as long as short