Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0030%/8h= −3.3% APRpaid last 24h −0.010%

Price spread now: Injective against Aster+0.660%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Injective

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 · farm boardneeds both histories

The price spread pays, funding is against you. Injective is 0.660% dearer against Aster than usual: you sell high and buy low (spread +0.660% now, against zero (this spread has no 7-day history yet)): +$66 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAUUSD1	4,321.9	0.0063	pay 0.0032% / 4h	2h 20m	$73.8M	$274.4M	20x
Short	Injective XAU/USDC PERP	4,350.4	0.0033	get 0.0004% / 1h	20m 47s	$619	$54	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.660%Rate

Funding earned: −$6.28
Price spread: +0.660% → 0.000%: $66.04
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $51.74
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Aster: live order book, 1 min ago; Injective: 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, 1 min ago	0.01 bp	4.0 bp −$4	4.1 bp −$41	22.4 bp −$2,235	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 exchanges

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
Hotstuff GOLD-PERP	0.0000%	1h	4,315.1	−0.157%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,323.9	+0.046%	$92K	$6.2M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,315.5	−0.147%	$274K	—	250x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0024%	1h	4,315.2	−0.155%	$2.0M	$5.2M	25x	as long as short
Injective XAU/USDC PERPshort	+0.0033%	1h	4,350.4	+0.660%	$619	$54	52x
QFEX GOLD-USD	+0.0038%	1h	4,318.6	−0.076%	$6.6M	$3.2M	20x	as long as short
StandX XAU-USD	+0.0040%	1h	4,320.7	−0.027%	$3.8M	$4.5M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,352.6	+0.711%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,316.7	−0.120%	$291.5M	$52.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,316.1	−0.134%	$15.0M	$57.4M	25x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XAU-USD-PERP	+0.0055%	8h	4,318.8	−0.071%	$2K	$13K	5x	as long as short
RISEx XAU/USDC	+0.0056%	1h	4,320.7	−0.027%	$4.7M	$13.5M	25x	as long as short
Aster XAUUSD1long	+0.0063%	4h	4,321.9	long leg	$73.8M	$274.4M	20x
Phoenix GOLD	+0.0076%	1h	4,317.3	−0.106%	$43K	$72K	25x	as long as short
Gate XAU_USDT	+0.0080%	4h	4,321.3	−0.012%	$299.9M	$443.9M	100x	as long as short
Variational Omni XAU	+0.0090%	4h	4,319	−0.068%	$47.0M	$29.3M	—	as long as short
Lighter XAU	+0.0096%	1h	4,319.3	−0.059%	$20.1M	$29.9M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,315.6	−0.145%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,317.1	−0.112%	$283K	$223K	50x	as long as short
MEXC XAU_USDT	+0.0112%	4h	4,319.6	−0.052%	$359.3M	$358.9M	1000x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,318.9	−0.068%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0114%	4h	4,314.8	−0.165%	$30.1M	$66.1M	50x	as long as short
Binance XAUUSDT	+0.0114%	4h	4,320.1	−0.041%	$440.3M	$2.38B	100x	as long as short
GRVT XAU_USDT_Perp	+0.0114%	4h	4,318.7	−0.072%	$1.4M	$3.0M	25x	as long as short
Bybit XAUUSDT	+0.0119%	4h	4,321.2	−0.016%	$80.5M	$170.7M	150x	as long as short
Kalshi KXGOLDPERP	+0.0129%	24h	4,321.3	−0.013%	$3.5M	$49.6M	15x	as long as short
Polymarket Perps GOLD-USD	+0.0132%	1h	4,319.6	−0.053%	$4.3M	$1.7M	20x	as long as short
Lighter RH XAU	+0.0144%	1h	4,321.9	0.000%	$20.0M	$40.0M	25x	as long as short
Extended XAU-USD	+0.0144%	1h	4,315.4	−0.150%	$12.7M	$35.2M	25x	as long as short
Bullet GOLD-USD	+0.0202%	1h	4,320	−0.043%	$59K	$76K	10x	as long as short
Bitget XAUUSDT	+0.0208%	4h	4,319.8	−0.047%	$73.9M	$134.5M	100x	as long as short
Bluefin GOLD-PERP	+0.0218%	1h	4,312.4	−0.220%	$25K	$1K	20x	as long as short
OKX XAU-USDT-SWAP	+0.0242%	8h	4,320.8	−0.025%	$170.2M	$355.1M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0260%	1h	4,318	−0.090%	$135K	$789K	25x	as long as short
BloFin XAU-USDT	+0.0354%	4h	4,319.5	−0.056%	$16.2M	$5.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0412%	1h	4,316.8	−0.118%	$581K	$165K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0459% / S −0.0306%	1h	4,319.8	−0.047%	$252K	—	111x	as long as short
Phemex XAUUSDT	+0.0523%	4h	4,321.4	−0.012%	$2.2M	$783K	100x	as long as short
HTX XAU-USDT	+0.1122%	4h	4,327	+0.119%	$3.2M	$7.0M	75x	as long as short