Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h −0.040%

Price spread now: gTrade (Gains Network) against Aster−0.095%7-day average −0.097% · 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−$275as in the Price arb table

costs, in and out, $10k−$2752.751% of the position

Long on Aster Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.040%−$4 on $10k

Price spread, last 3 days (all we have)+0.048%+$5 · spread now −0.095%, 7d avg −0.097%

Together, before fees+0.008%+ Points / potential airdropAster: Stage 5 · farm board+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAUUSD1	4,369	0	get 0.0000% / 4h	22m 02s	$71.7M	$225.6M	20x
Short	gTrade (Gains Network) XAU/USD	4,364.9	L +0.0002% / S −0.0003%	get 0.0000% / 1h	22m 02s	$268K	—	250x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.095%Rate

Funding earned: $0.65
Price spread: −0.095% → −0.097%: $0.23
Slippage, 4 orders: −$260.06
Fee Aster: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Net: −$274.18
Costs to cover: 2.751%
Break-even: 2952.5 days

Slippage from Aster: live order book, 2 min ago; gTrade (Gains Network): virtual book (oracle venue), 22 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	4.2 bp −$42	14.2 bp −$1,424	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 22 min ago	130.01 bp	133.5 bp −$134	243.0 bp −$2,430	1975.4 bp −$197.5K	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	−0.0210%	1h	4,360.8	−0.189%	$26K	$22K	20x	as long as short
Hotstuff GOLD-PERP	−0.0016%	1h	4,361	−0.184%	$33K	—	25x	as long as short
Phoenix GOLD	−0.0004%	1h	4,360.3	−0.200%	$48K	$65K	25x	as long as short
Aster XAUUSD1long	0.0000%	4h	4,369	long leg	$71.7M	$225.6M	20x
Binance XAUUSDT	0.0000%	4h	4,369.2	+0.003%	$407.3M	$2.13B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,369.3	+0.005%	$82.6M	$142.2M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,367.3	−0.039%	$3.4M	$12.3M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,369.5	+0.010%	$268.8M	$413.7M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,368.8	−0.005%	$376.1M	$322.9M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,369.2	+0.004%	$69.7M	$113.3M	100x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XAU	0.0000%	4h	4,362.9	−0.142%	$48.4M	$30.2M	—	as long as short
GRVT XAU_USDT_Perp	0.0000%	4h	4,362.9	−0.141%	$1.4M	$3.1M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,365.8	−0.074%	$4.1M	$36.0M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,373.2	+0.095%	$93K	$10.6M	20x	as long as short
gTrade (Gains Network) XAU/USDshort	L +0.0002% / S −0.0003%	1h	4,364.9	−0.095%	$268K	—	250x
edgeX XAUUSDC	+0.0013%	4h	4,358.6	−0.240%	$30.3M	$58.6M	50x	as long as short
QFEX GOLD-USD	+0.0032%	1h	4,366.3	−0.063%	$5.4M	$1.9M	20x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.426%	$619	$54	52x	as long as short
Lighter XAU	+0.0040%	1h	4,367.8	−0.029%	$20.7M	$44.7M	25x	as long as short
Extended XAU-USD	+0.0040%	1h	4,365	−0.093%	$13.1M	$45.5M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,365.5	−0.081%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,400.8	+0.727%	—	$1.0M	25x	as long as short
Lighter RH XAU	+0.0048%	1h	4,370.1	+0.024%	$20.3M	$42.1M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,364.7	−0.099%	$293.9M	$52.3M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,363.7	−0.122%	$14.5M	$56.7M	25x	as long as short
Paradex XAU-USD-PERP	+0.0053%	8h	4,367.1	−0.045%	$19K	$5K	5x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,367.7	−0.031%	$162K	$87	10x	as long as short
Polymarket Perps GOLD-USD	+0.0096%	1h	4,367.4	−0.038%	$4.3M	$1.8M	20x	as long as short
Bullet GOLD-USD	+0.0099%	1h	4,368.2	−0.018%	$59K	$81K	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,364	−0.115%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,360.7	−0.192%	$277K	$204K	50x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0152%	1h	4,361.7	−0.168%	$2.0M	$5.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0159%	8h	4,369.7	+0.015%	$159.0M	$273.8M	100x	as long as short
HTX XAU-USDT	+0.0167%	4h	4,371.5	+0.057%	$2.8M	$3.7M	75x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0185%	1h	4,367.2	−0.042%	$235K	$736K	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0220%	1h	4,365.5	−0.081%	$602K	$136K	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,364.7	−0.098%	$14.8M	$4.5M	100x	as long as short
Phemex XAUUSDT	+0.0330%	4h	4,368.7	−0.007%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,368.9	−0.004%	$252K	—	111x	as long as short