Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.5% APRpaid last 24h −0.013%

Price spread now: Hotstuff against Aster−0.106%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Hotstuff: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hotstuff is 0.106% cheaper against Aster than usual: you would sell low and buy high, −$11 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAUUSD1	4,305.4	0.0060	pay 0.0030% / 4h	3h 57m	$72.9M	$272.1M	20x
Short	Hotstuff GOLD-PERP	4,300.8	0.0064	get 0.0008% / 1h	57m 55s	$32K	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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 HotstuffbpOrdersPrice spread, now −0.106%Rate

Funding earned: $0.92
Price spread: −0.106% → 0.000%: −$10.57
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$22.65
Costs to cover: 0.130%
Break-even: 178.6 days

Slippage unknown: Aster: live order book, 6 min ago; Hotstuff: 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, 6 min ago	0.01 bp	4.0 bp −$4	5.0 bp −$50	14.3 bp −$1,433	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: 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
SunX XAU-USDT	0.0000%	4h	4,308.3	+0.068%	$92K	$7.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,300.8	−0.105%	$268K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+1.047%	$619	$54	52x	as long as short
Vest GC-PERP	+0.0046%	1h	4,335.8	+0.707%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,304.1	−0.029%	$6.6M	$3.1M	20x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,300	−0.124%	$290.0M	$53.6M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,306.2	+0.020%	$4.3M	$1.8M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,300.9	−0.104%	$15.0M	$55.4M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,299.8	−0.129%	$2.0M	$5.0M	25x	as long as short
Aster XAUUSD1long	+0.0060%	4h	4,305.4	long leg	$72.9M	$272.1M	20x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XAU-USD-PERP	+0.0062%	8h	4,304.1	−0.029%	$2K	$14K	5x	as long as short
Lighter RH XAU	+0.0064%	1h	4,305	−0.009%	$19.8M	$39.0M	25x	as long as short
Hotstuff GOLD-PERPshort	+0.0064%	1h	4,300.8	−0.106%	$32K	—	25x
Lighter XAU	+0.0072%	1h	4,302.5	−0.066%	$20.2M	$28.2M	25x	as long as short
Bybit XAUUSDT	+0.0095%	4h	4,305.5	+0.003%	$76.9M	$156.6M	150x	as long as short
Extended XAU-USD	+0.0096%	1h	4,300.2	−0.120%	$13.1M	$36.1M	25x	as long as short
Phoenix GOLD	+0.0096%	1h	4,302.4	−0.069%	$42K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,301	−0.101%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,303.7	−0.038%	$269K	$214K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,301.1	−0.100%	$25K	$1K	20x	as long as short
Variational Omni XAU	+0.0102%	4h	4,304.4	−0.022%	$46.7M	$29.3M	—	as long as short
Kalshi KXGOLDPERP	+0.0102%	24h	4,306.2	+0.020%	$3.7M	$45.8M	15x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,304.1	−0.028%	$159K	$87	10x	as long as short
MEXC XAU_USDT	+0.0114%	4h	4,304	−0.032%	$362.5M	$330.2M	1000x	as long as short
Binance XAUUSDT	+0.0115%	4h	4,304.3	−0.025%	$428.3M	$2.19B	100x	as long as short
GRVT XAU_USDT_Perp	+0.0120%	4h	4,305	−0.008%	$1.4M	$3.0M	25x	as long as short
edgeX XAUUSDC	+0.0123%	4h	4,304	−0.032%	$29.9M	$60.6M	50x	as long as short
RISEx XAU/USDC	+0.0126%	1h	4,304.7	−0.016%	$4.4M	$13.1M	25x	as long as short
StandX XAU-USD	+0.0189%	1h	4,306.6	+0.029%	$3.8M	$4.5M	40x	as long as short
Gate XAU_USDT	+0.0192%	4h	4,306.3	+0.022%	$291.8M	$416.3M	100x	as long as short
Bitget XAUUSDT	+0.0192%	4h	4,304.8	−0.013%	$70.8M	$123.0M	100x	as long as short
Bullet GOLD-USD	+0.0199%	1h	4,304.3	−0.024%	$59K	$81K	10x	as long as short
OKX XAU-USDT-SWAP	+0.0255%	8h	4,305	−0.008%	$171.8M	$317.3M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0308%	1h	4,304.1	−0.029%	$134K	$870K	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0328%	1h	4,301.8	−0.083%	$572K	$138K	25x	as long as short
BloFin XAU-USDT	+0.0458%	4h	4,304.8	−0.013%	$16.6M	$4.9M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0466% / S −0.0313%	1h	4,305.1	−0.006%	$254K	—	111x	as long as short
Phemex XAUUSDT	+0.1183%	4h	4,309.7	+0.101%	$2.2M	$950K	100x	as long as short
HTX XAU-USDT	+0.1216%	4h	4,311.7	+0.148%	$3.2M	$6.2M	75x	as long as short