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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0186%/8h= +20.3% APRpaid last 24h +0.041%
Price spread now: OKX against Aster−0.025%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$180.183% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.021%+$2 on $10k
Price spread, last 7 days+0.017%+$2 · spread now −0.025%, 7d avg +0.005%
Together, before fees+0.037%+ Points / potential airdropAster: Stage 5 · farm board+$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. OKX is 0.031% cheaper against Aster than usual: you would sell low and buy high (spread −0.025% now, against its 7-day average of +0.005%). If the spread goes back, that is −$3 on $10k: about 13 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.021% in total) that is about 10 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.021% in total (about 1.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster XAUUSD14,3280.0059pay 0.0029% / 4h2h 55m$74.4M$273.1M20x
ShortOKX XAU-USDT-SWAP4,326.90.0244get 0.0244% / 8h6h 55m$170.7M$355.9M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$38.99
Price spread: −0.025% → +0.005%
−$3.09
Slippage, 4 orders
−$0.25
Fee Aster: 4 bp × 2 orders
−$8
Fee OKX: 5 bp × 2 orders
−$10
Net
$17.64
Costs to cover
0.183%
Break-even
3.8 days
Slippage from Aster: live order book, 3 min ago; OKX: 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 −$44.1 bp −$4134.6 bp −$3,464doesn't fit
Sell OKX live order book, 3 min ago0.12 bp5.1 bp −$55.2 bp −$527.2 bp −$71616.5 bp −$8,241

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
SunX XAU-USDT0.0000%4h4,331.3+0.075%$92K$6.5M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,330.7+0.062%$275K250xas long as short
Coinbase International GOLD-PERP-INTX+0.0024%1h4,325.1−0.067%$2.0M$5.2M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.518%$619$5452xas long as short
QFEX GOLD-USD+0.0038%1h4,326.9−0.025%$6.6M$3.0M20xas long as short
StandX XAU-USD+0.0040%1h4,332.7+0.109%$3.8M$4.5M40xas long as short
Vest GC-PERP+0.0046%1h4,360.5+0.751%$1.0M25xas long as short
Hotstuff GOLD-PERP+0.0048%1h4,326.2−0.042%$32K25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,324.1−0.090%$292.1M$55.5M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,323.6−0.101%$15.1M$57.4M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
RISEx XAU/USDC+0.0056%1h4,329+0.023%$4.6M$13.6M25xas long as short
Paradex XAU-USD-PERP+0.0058%8h4,327−0.024%$2K$13K5xas long as short
Aster XAUUSD1long+0.0059%4h4,328long leg$74.4M$273.1M20x
Extended XAU-USD+0.0088%1h4,322.8−0.121%$12.7M$35.7M25xas long as short
Variational Omni XAU+0.0094%4h4,326.7−0.030%$47.1M$29.9Mas long as short
Phoenix GOLD+0.0095%1h4,333.5+0.127%$43K$67K25xas long as short
Lighter RH XAU+0.0096%1h4,329.2+0.029%$19.8M$38.5M25xas long as short
Pacifica XAU+0.0100%1h4,323.7−0.099%$1.4M$1.3M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,330+0.046%$284K$232K50xas long as short
Lighter XAU+0.0104%1h4,326.5−0.034%$20.2M$29.3M25xas long as short
Gate XAU_USDT+0.0104%4h4,328.4+0.009%$302.8M$429.4M100xas long as short
Aevo XAU-PERP+0.0112%1h4,327.2−0.019%$160K$8710xas long as short
MEXC XAU_USDT+0.0114%4h4,326.5−0.034%$352.9M$348.0M1000xas long as short
Binance XAUUSDT+0.0115%4h4,326.1−0.044%$435.5M$2.36B100xas long as short
Kalshi KXGOLDPERP+0.0121%24h4,329.2+0.028%$3.5M$48.6M15xas long as short
edgeX XAUUSDC+0.0127%4h4,330.2+0.050%$30.3M$64.9M50xas long as short
GRVT XAU_USDT_Perp+0.0132%4h4,331.1+0.073%$1.4M$3.0M25xas long as short
Polymarket Perps GOLD-USD+0.0132%1h4,327−0.023%$4.3M$1.7M20xas long as short
Bybit XAUUSDT+0.0140%4h4,327.4−0.013%$81.6M$170.1M150xas long as short
Bullet GOLD-USD+0.0188%1h4,327.8−0.005%$58K$77K10xas long as short
Bitget XAUUSDT+0.0196%4h4,326.8−0.029%$72.0M$132.8M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0236%1h4,325.7−0.053%$134K$782K25xas long as short
OKX XAU-USDT-SWAPshort+0.0244%8h4,326.9−0.025%$170.7M$355.9M100x
BloFin XAU-USDT+0.0355%4h4,329.7+0.039%$16.2M$5.5M100xas long as short
Phemex XAUUSDT+0.0395%4h4,331.6+0.083%$2.2M$961K100xas long as short
Kraken Futures PF_XAUUSD+0.0411%1h4,324.7−0.076%$582K$150K25xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0460% / S −0.0306%1h4,327.8−0.005%$252K111xas long as short
HTX XAU-USDT+0.1112%4h4,334.7+0.154%$3.2M$7.0M75xas long as short
Bluefin GOLD-PERP+0.5954%1h4,323.3−0.108%$25K$1K20xas long as short