Settings8H · net · $10k
Funding arb · Price arb /

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0041%/8h= +4.5% APRnext payment +$0.20 per $10,000 · paid last 24h −0.002%
Price spread now: GRVT against Aster−0.040%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$170.174% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.024%+$2 on $10k
Price spread, last 7 days+0.057%+$6 · spread now −0.040%, 7d avg +0.005%
Together, before fees+0.081%+ Points / potential airdropAster: Stage 5 · GRVT: Active · farm board+$8 on $10k · with fees, hour by hour
Funding pays, the price is against you. GRVT is 0.045% cheaper against Aster than usual: you would sell low and buy high (spread −0.040% now, against its 7-day average of +0.005%). If the spread goes back, that is −$4 on $10k: about 3.7 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.024% in total) that is about 13 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster XAUUSD14,348.40.0101pay 0.0051% / 4h3h 00m$71.6M$331.4M20x
ShortGRVT XAU_USDT_Perp4,346.60.0142get 0.0071% / 4h3h 00m$1.4M$2.9M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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

Funding earned
$8.6
Price spread: −0.040% → +0.005%
−$4.5
Slippage, 4 orders
−$0.4
Fee Aster: 4 bp × 2 orders
−$8
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$13.29
Costs to cover
0.174%
Break-even
17.8 days
Slippage from Aster: live order book, 3 min ago; GRVT: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 3 min ago0.01 bp4.0 bp −$44.3 bp −$4315.1 bp −$1,514doesn't fit
Sell GRVT live order book, 3 min ago0.01 bp4.5 bp −$54.6 bp −$46doesn't fitdoesn't fit

XAU on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin GOLD-PERP−0.0023%1h4,339.7−0.199%$25K$14K20xas long as short
SunX XAU-USDT0.0000%4h4,350.8+0.055%$92K$8.6M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,342.9−0.126%$272K250xas long as short
RISEx XAU/USDC+0.0005%1h4,346.9−0.033%$3.7M$12.6M25xas long as short
Extended XAU-USD+0.0032%1h4,342.7−0.131%$13.2M$37.3M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.047%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,345.3−0.071%$3.8M$4.5M40xas long as short
QFEX GOLD-USD+0.0042%1h4,345.1−0.075%$5.6M$2.1M20xas long as short
Vest GC-PERP+0.0046%1h4,379.4+0.714%$1.0M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,343.4−0.114%$293.8M$49.1M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps XAU-USD.P+0.0050%1h4,343.3−0.117%$15.1M$56.8M25xas long as short
Kalshi KXGOLDPERP+0.0052%24h4,345.1−0.075%$4.3M$39.3M15xas long as short
Lighter XAU+0.0056%1h4,345.6−0.064%$20.7M$34.8M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0056%1h4,342.7−0.130%$2.1M$4.7M25xas long as short
Bybit XAUUSDT+0.0057%4h4,347.3−0.025%$80.1M$152.0M150xas long as short
Gate XAU_USDT+0.0060%4h4,348.2−0.004%$268.6M$420.0M100xas long as short
Paradex XAU-USD-PERP+0.0068%8h4,346.7−0.039%$19K$5K5xas long as short
Hotstuff GOLD-PERP+0.0088%1h4,343.1−0.121%$33K25xas long as short
Lighter RH XAU+0.0088%1h4,348.2−0.005%$20.2M$40.3M25xas long as short
Pacifica XAU+0.0100%1h4,343−0.124%$1.4M$1.1M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,344.4−0.091%$274K$203K50xas long as short
Aster XAUUSD1long+0.0101%4h4,348.4long leg$71.6M$331.4M20x
Variational Omni XAU+0.0106%4h4,346−0.054%$48.4M$27.6Mas long as short
Aevo XAU-PERP+0.0112%1h4,345.7−0.061%$161K$8710xas long as short
Binance XAUUSDT+0.0120%4h4,346.5−0.042%$418.7M$2.09B100xas long as short
MEXC XAU_USDT+0.0120%4h4,346.6−0.042%$370.6M$322.4M1000xas long as short
Phoenix GOLD+0.0136%1h4,343.3−0.117%$47K$77K25xas long as short
edgeX XAUUSDC+0.0138%4h4,342−0.146%$30.2M$58.1M50xas long as short
GRVT XAU_USDT_Perpshort+0.0142%4h4,346.6−0.040%$1.4M$2.9M25x
Deribit GOLD_USDC-PERPETUAL+0.0187%1h4,345.2−0.073%$204K$827K25xas long as short
Polymarket Perps GOLD-USD+0.0201%1h4,346.5−0.043%$4.2M$2.0M20xas long as short
Phemex XAUUSDT+0.0204%4h4,349.1+0.016%$2.2M$967K100xas long as short
Bullet GOLD-USD+0.0204%1h4,346.8−0.037%$59K$82K10xas long as short
Kraken Futures PF_XAUUSD+0.0259%1h4,343.6−0.110%$590K$135K25xas long as short
Bitget XAUUSDT+0.0276%4h4,347−0.032%$71.1M$108.9M100xas long as short
OKX XAU-USDT-SWAP+0.0331%8h4,347.7−0.015%$167.5M$283.4M100xas long as short
BloFin XAU-USDT+0.0360%4h4,346.6−0.042%$15.8M$4.4M100xas long as short
HTX XAU-USDT+0.0360%4h4,348.8+0.010%$2.8M$4.6M75xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0428% / S −0.0252%1h4,346.8−0.037%$250K111xas long as short