Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0139%/8h= +15.2% APRpaid last 24h +0.052%

Price spread now: Kraken Futures against Aster−0.104%7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$7as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$270.273% of the position

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.204%+$20 on $10k

Price spread, last 4 days (all we have)+0.058%+$6 · spread now −0.104%, 7d avg −0.074%

Together, before fees+0.262%+ Points / potential airdropAster: Stage 5 · farm board+$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.030% cheaper against Aster than usual: you would sell low and buy high (spread −0.104% now, against its 7-day average of −0.074%). If the spread goes back, that is −$3 on $10k: about 17 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAUUSD1	4,332.3	0.0109	pay 0.0054% / 4h	2h 26m	$71.6M	$332.1M	20x
Short	Kraken Futures PF_XAUUSD	4,327.8	0.0247	get 0.0031% / 1h	26m 59s	$589K	$130K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.104%Rate

Funding earned: $29.1
Price spread: −0.104% → −0.074%: −$3.02
Slippage, 4 orders: −$9.3
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$1.22
Costs to cover: 0.273%
Break-even: 7.3 days

Slippage from Aster: live order book, 2 min ago; Kraken Futures: live order book, 21 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	0.57 bp	4.6 bp −$5	4.6 bp −$46	19.0 bp −$1,895	doesn't fit
Sell Kraken Futures live order book, 21 min ago	2.90 bp	9.4 bp −$9	17.2 bp −$172	doesn't fit	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
Hotstuff GOLD-PERP	−0.0056%	1h	4,326.5	−0.134%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,335.2	+0.066%	$92K	$8.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,326.2	−0.140%	$271K	—	250x	as long as short
Bluefin GOLD-PERP	+0.0005%	1h	4,323.2	−0.210%	$25K	$14K	20x	as long as short
Extended XAU-USD	+0.0032%	1h	4,326.6	−0.131%	$13.2M	$37.1M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.418%	$619	$54	52x	as long as short
Lighter XAU	+0.0040%	1h	4,331.3	−0.023%	$20.6M	$31.0M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,329.8	−0.058%	$3.8M	$4.6M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,328	−0.099%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,363	+0.708%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	4,329.5	−0.065%	$292.3M	$50.6M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,327	−0.123%	$15.0M	$56.6M	25x	as long as short
RISEx XAU/USDC	+0.0054%	1h	4,330.6	−0.039%	$3.7M	$12.2M	25x	as long as short
Bybit XAUUSDT	+0.0058%	4h	4,332.5	+0.004%	$78.7M	$154.8M	150x	as long as short
Kalshi KXGOLDPERP	+0.0058%	24h	4,330.7	−0.037%	$4.0M	$40.9M	15x	as long as short
Gate XAU_USDT	+0.0068%	4h	4,334.1	+0.042%	$273.1M	$406.5M	100x	as long as short
Paradex XAU-USD-PERP	+0.0072%	8h	4,329.3	−0.069%	$19K	$5K	5x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,326.7	−0.129%	$2.1M	$4.7M	25x	as long as short
Lighter RH XAU	+0.0088%	1h	4,333.3	+0.023%	$19.9M	$38.7M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,325.8	−0.150%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,328.1	−0.097%	$275K	$204K	50x	as long as short
Aster XAUUSD1long	+0.0109%	4h	4,332.3	long leg	$71.6M	$332.1M	20x
Variational Omni XAU	+0.0111%	4h	4,333.1	+0.019%	$48.3M	$27.5M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,330.3	−0.045%	$160K	$87	10x	as long as short
Binance XAUUSDT	+0.0119%	4h	4,331.1	−0.027%	$414.0M	$2.15B	100x	as long as short
MEXC XAU_USDT	+0.0120%	4h	4,332.5	+0.005%	$364.1M	$323.9M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0122%	4h	4,329.6	−0.063%	$1.4M	$2.9M	25x	as long as short
Phoenix GOLD	+0.0127%	1h	4,327.2	−0.118%	$47K	$77K	25x	as long as short
edgeX XAUUSDC	+0.0130%	4h	4,331.5	−0.018%	$30.1M	$59.0M	50x	as long as short
Bullet GOLD-USD	+0.0160%	1h	4,330.7	−0.037%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0171%	1h	4,330.6	−0.039%	$4.2M	$2.0M	20x	as long as short
Kraken Futures PF_XAUUSDshort	+0.0247%	1h	4,327.8	−0.104%	$589K	$130K	25x
HTX XAU-USDT	+0.0258%	4h	4,332.4	+0.001%	$2.8M	$4.8M	75x	as long as short
Bitget XAUUSDT	+0.0280%	4h	4,333.1	+0.019%	$73.5M	$113.6M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0305%	1h	4,330	−0.053%	$200K	$824K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0338%	8h	4,332.2	−0.003%	$170.1M	$292.1M	100x	as long as short
BloFin XAU-USDT	+0.0362%	4h	4,330.9	−0.032%	$16.1M	$4.4M	100x	as long as short
Phemex XAUUSDT	+0.0398%	4h	4,336.2	+0.090%	$2.2M	$960K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0450% / S −0.0288%	1h	4,330.7	−0.038%	$250K	—	111x	as long as short