Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0146%/8h= +16.0% APRpaid last 24h +0.026%

Price spread now: GMX against Aster−0.017%7-day average 0.000% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.110%+$11 on $10k

Price spread, last 4 days (all we have)+0.044%+$4 · spread now −0.017%, 7d avg 0.000%

Together, before fees+0.154%+ Points / potential airdropAster: Stage 5 · farm board+$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of 0.000%, so right now this pair is about funding alone: +$4 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	4,350.4	0.0106	pay 0.0053% / 4h	2h 52m	$71.6M	$331.2M	20x
Short	GMX GOLD/USD [ETH-USDC]	4,349.6	L +0.0428% / S −0.0252%	get 0.0032% / 1h	52m 02s	$251K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.017%Rate

Funding earned: $30.76
Price spread: −0.017% → 0.000%: −$1.72
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $9.04
Costs to cover: 0.200%
Break-even: 4.9 days

Slippage unknown: Aster: live order book, 2 min ago; GMX: 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, 2 min ago	0.01 bp	4.6 bp −$5	5.2 bp −$52	17.1 bp −$1,712	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
Bluefin GOLD-PERP	−0.0129%	1h	4,342.8	−0.173%	$25K	$14K	20x	as long as short
Hotstuff GOLD-PERP	0.0000%	1h	4,342.8	−0.174%	$33K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,351	+0.014%	$92K	$8.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,346.3	−0.094%	$272K	—	250x	as long as short
Extended XAU-USD	+0.0032%	1h	4,345.5	−0.112%	$13.2M	$37.3M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.001%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,347.6	−0.063%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,344.5	−0.135%	$5.6M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,380.9	+0.702%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,346.4	−0.091%	$293.6M	$49.5M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,344.1	−0.143%	$15.1M	$56.7M	25x	as long as short
Kalshi KXGOLDPERP	+0.0053%	24h	4,347.3	−0.070%	$4.2M	$39.4M	15x	as long as short
RISEx XAU/USDC	+0.0054%	1h	4,347.6	−0.063%	$3.7M	$12.6M	25x	as long as short
Lighter XAU	+0.0056%	1h	4,349.1	−0.028%	$20.7M	$30.3M	25x	as long as short
Bybit XAUUSDT	+0.0064%	4h	4,350.3	−0.001%	$80.1M	$151.8M	150x	as long as short
Paradex XAU-USD-PERP	+0.0071%	8h	4,345.9	−0.101%	$19K	$5K	5x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,347	−0.077%	$2.1M	$4.7M	25x	as long as short
Gate XAU_USDT	+0.0078%	4h	4,351.6	+0.029%	$268.9M	$396.0M	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,342.9	−0.171%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,343.3	−0.162%	$274K	$203K	50x	as long as short
Variational Omni XAU	+0.0105%	4h	4,347	−0.077%	$48.4M	$27.7M	—	as long as short
Aster XAUUSD1long	+0.0106%	4h	4,350.4	long leg	$71.6M	$331.2M	20x
Lighter RH XAU	+0.0112%	1h	4,351.3	+0.022%	$20.1M	$38.0M	25x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,348	−0.053%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0118%	4h	4,349.8	−0.013%	$370.3M	$317.3M	1000x	as long as short
Binance XAUUSDT	+0.0119%	4h	4,349.9	−0.011%	$419.4M	$2.09B	100x	as long as short
GRVT XAU_USDT_Perp	+0.0126%	4h	4,346.6	−0.087%	$1.4M	$2.9M	25x	as long as short
Phoenix GOLD	+0.0127%	1h	4,344.5	−0.135%	$47K	$77K	25x	as long as short
edgeX XAUUSDC	+0.0133%	4h	4,343.2	−0.165%	$30.2M	$58.0M	50x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0164%	1h	4,348.6	−0.040%	$204K	$826K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0175%	1h	4,347.7	−0.061%	$4.2M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0175%	1h	4,349.3	−0.024%	$59K	$82K	10x	as long as short
Phemex XAUUSDT	+0.0231%	4h	4,350.1	−0.006%	$2.2M	$967K	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0246%	1h	4,346	−0.101%	$591K	$130K	25x	as long as short
Bitget XAUUSDT	+0.0278%	4h	4,349.7	−0.015%	$71.4M	$108.3M	100x	as long as short
HTX XAU-USDT	+0.0316%	4h	4,350.8	+0.010%	$2.8M	$4.6M	75x	as long as short
OKX XAU-USDT-SWAP	+0.0335%	8h	4,351.1	+0.017%	$168.0M	$282.4M	100x	as long as short
BloFin XAU-USDT	+0.0359%	4h	4,346.7	−0.084%	$15.8M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]short	L +0.0428% / S −0.0252%	1h	4,349.6	−0.017%	$251K	—	111x