Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0015%/8h= −1.7% APRpaid last 24h −0.021%

Price spread now: Ondo Perps against Aster−0.114%7-day average −0.137% · you buy dearer than you sell

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

Long on Aster Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 on $10k

Price spread, last 7 days−0.097%−$10 · spread now −0.114%, 7d avg −0.137%

Together, before fees−0.154%+ Points / potential airdropAster: Stage 5 · Ondo Perps: Active · farm board−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.022% dearer against Aster than usual: you sell high and buy low (spread −0.114% now, against its 7-day average of −0.137%): +$2 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 4.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAUUSD1	4,352.1	0.0066	pay 0.0033% / 4h	24m 16s	$71.1M	$333.8M	20x
Short	Ondo Perps XAU-USD.P	4,347.1	0.0050	get 0.0006% / 1h	24m 16s	$15.1M	$56.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now −0.114%Rate

Funding earned: −$3.18
Price spread: −0.114% → −0.137%: $2.21
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$13.97
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 5 min ago; Ondo Perps: 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, 5 min ago	0.01 bp	4.0 bp −$4	4.4 bp −$44	17.9 bp −$1,793	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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
RISEx XAU/USDC	0.0000%	1h	4,350.9	−0.026%	$3.4M	$12.3M	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,355.2	+0.072%	$93K	$8.9M	20x	as long as short
Gate XAU_USDT	+0.0002%	4h	4,351.9	−0.004%	$266.5M	$414.4M	100x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,347	−0.116%	$271K	—	250x	as long as short
Lighter XAU	+0.0032%	1h	4,350.1	−0.046%	$20.8M	$38.1M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,347	−0.116%	$13.2M	$38.5M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.038%	$619	$54	52x	as long as short
Lighter RH XAU	+0.0040%	1h	4,352.2	+0.003%	$20.1M	$39.3M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,350.7	−0.032%	$3.8M	$4.6M	40x	as long as short
QFEX GOLD-USD	+0.0041%	1h	4,350.4	−0.039%	$5.7M	$2.0M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,384.2	+0.738%	—	$1.1M	25x	as long as short
Kalshi KXGOLDPERP	+0.0047%	24h	4,349.5	−0.059%	$4.2M	$37.3M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,347.6	−0.103%	$2.0M	$4.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,347.6	−0.103%	$293.9M	$48.7M	25x	as long as short
Ondo Perps XAU-USD.Pshort	+0.0050%	1h	4,347.1	−0.114%	$15.1M	$56.9M	25x
Aster XAUUSD1long	+0.0066%	4h	4,352.1	long leg	$71.1M	$333.8M	20x
Variational Omni XAU	+0.0078%	4h	4,351	−0.025%	$48.4M	$27.9M	—	as long as short
Paradex XAU-USD-PERP	+0.0084%	8h	4,350.9	−0.028%	$19K	$5K	5x	as long as short
GRVT XAU_USDT_Perp	+0.0086%	4h	4,351.4	−0.015%	$1.4M	$2.9M	25x	as long as short
MEXC XAU_USDT	+0.0092%	4h	4,351	−0.026%	$372.9M	$318.1M	1000x	as long as short
Binance XAUUSDT	+0.0093%	4h	4,351	−0.026%	$413.5M	$2.10B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,347.6	−0.103%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,348.2	−0.090%	$275K	$203K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,345.2	−0.159%	$25K	$14K	20x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,350.5	−0.035%	$161K	$87	10x	as long as short
edgeX XAUUSDC	+0.0108%	4h	4,344.5	−0.174%	$30.2M	$58.0M	50x	as long as short
Hotstuff GOLD-PERP	+0.0136%	1h	4,347.8	−0.098%	$33K	—	25x	as long as short
Phoenix GOLD	+0.0142%	1h	4,348.4	−0.085%	$47K	$77K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0158%	1h	4,351.2	−0.020%	$4.3M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0193%	1h	4,350.9	−0.027%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0194%	1h	4,348.2	−0.090%	$593K	$132K	25x	as long as short
Phemex XAUUSDT	+0.0202%	4h	4,353.7	+0.037%	$2.2M	$967K	100x	as long as short
Bitget XAUUSDT	+0.0236%	4h	4,351.2	−0.020%	$70.0M	$109.3M	100x	as long as short
Bybit XAUUSDT	+0.0244%	4h	4,352.2	+0.004%	$85.3M	$144.8M	150x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0279%	1h	4,349.8	−0.052%	$206K	$822K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0293%	8h	4,352.8	+0.017%	$165.8M	$281.5M	100x	as long as short
BloFin XAU-USDT	+0.0335%	4h	4,351.3	−0.017%	$15.6M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0416% / S −0.0234%	1h	4,350.9	−0.027%	$248K	—	111x	as long as short
HTX XAU-USDT	+0.0624%	4h	4,356.2	+0.094%	$2.9M	$4.3M	75x	as long as short