Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0017%/8h= −1.9% APRpaid last 24h +0.027%

Price spread now: Polymarket Perps against Aster−0.118%7-day average −0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,073as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,077as in the Price arb table

costs, in and out, $10k−$1,07310.729% of the position

Long on Aster Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 7 days+0.037%+$4 · spread now −0.118%, 7d avg −0.081%

Together, before fees+0.032%+ Points / potential airdropAster: Stage 5 · farm board+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Polymarket Perps is 0.038% cheaper against Aster than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.081%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAUUSD1	4,314.7	0.0067	pay 0.0034% / 4h	3h 51m	$73.2M	$272.0M	20x
Short	Polymarket Perps GOLD-USD	4,309.6	0.0050	get 0.0006% / 1h	51m 27s	$4.3M	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.118%Rate

Funding earned: −$3.62
Price spread: −0.118% → −0.081%: −$3.78
Slippage, 4 orders: −$1,056.93
Fee Aster: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$1,080.32
Costs to cover: 10.729%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; Polymarket Perps: live order book, 3 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, 3 min ago	0.01 bp	5.2 bp −$5	6.4 bp −$64	23.0 bp −$2,297	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	166.20 bp	833.1 bp −$833	doesn't fit	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	−0.0024%	1h	4,308.4	−0.146%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,313.2	−0.035%	$92K	$6.9M	20x	as long as short
Phemex XAUUSDT	0.0000%	4h	4,310.7	−0.093%	$2.2M	$951K	100x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,305.6	−0.211%	$268K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.828%	$619	$54	52x	as long as short
Vest GC-PERP	+0.0046%	1h	4,345	+0.702%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,311	−0.086%	$6.6M	$3.2M	20x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,310.2	−0.105%	$291.4M	$54.4M	25x	as long as short
Polymarket Perps GOLD-USDshort	+0.0050%	1h	4,309.6	−0.118%	$4.3M	$1.8M	20x
Ondo Perps XAU-USD.P	+0.0050%	1h	4,309.1	−0.130%	$15.0M	$55.8M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,306.2	−0.197%	$2.0M	$5.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0062%	8h	4,311.5	−0.074%	$2K	$14K	5x	as long as short
Aster XAUUSD1long	+0.0067%	4h	4,314.7	long leg	$73.2M	$272.0M	20x
Extended XAU-USD	+0.0072%	1h	4,308.3	−0.150%	$13.0M	$36.0M	25x	as long as short
Lighter RH XAU	+0.0080%	1h	4,313.4	−0.030%	$19.8M	$39.3M	25x	as long as short
Lighter XAU	+0.0088%	1h	4,311.1	−0.083%	$20.3M	$28.5M	25x	as long as short
Phoenix GOLD	+0.0095%	1h	4,306.1	−0.200%	$42K	$86K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,308.5	−0.145%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,306.9	−0.180%	$270K	$214K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,304.7	−0.231%	$25K	$1K	20x	as long as short
Kalshi KXGOLDPERP	+0.0104%	24h	4,312.5	−0.051%	$3.7M	$46.0M	15x	as long as short
Variational Omni XAU	+0.0107%	4h	4,305.7	−0.209%	$46.7M	$29.3M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,309.7	−0.116%	$160K	$87	10x	as long as short
MEXC XAU_USDT	+0.0118%	4h	4,314.1	−0.015%	$361.6M	$332.6M	1000x	as long as short
Binance XAUUSDT	+0.0119%	4h	4,313.6	−0.025%	$436.8M	$2.20B	100x	as long as short
RISEx XAU/USDC	+0.0126%	1h	4,312.5	−0.052%	$4.4M	$13.1M	25x	as long as short
edgeX XAUUSDC	+0.0127%	4h	4,307.3	−0.171%	$30.0M	$61.4M	50x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0168%	1h	4,308.3	−0.149%	$134K	$874K	25x	as long as short
StandX XAU-USD	+0.0172%	1h	4,310.7	−0.093%	$3.8M	$4.5M	40x	as long as short
Bybit XAUUSDT	+0.0189%	4h	4,314.8	+0.001%	$77.1M	$157.2M	150x	as long as short
Bitget XAUUSDT	+0.0196%	4h	4,314.2	−0.013%	$71.2M	$123.7M	100x	as long as short
GRVT XAU_USDT_Perp	+0.0218%	4h	4,310.8	−0.092%	$1.4M	$3.1M	25x	as long as short
Bullet GOLD-USD	+0.0221%	1h	4,314.2	−0.012%	$58K	$81K	10x	as long as short
OKX XAU-USDT-SWAP	+0.0255%	8h	4,314.2	−0.012%	$170.7M	$325.7M	100x	as long as short
Gate XAU_USDT	+0.0256%	4h	4,313.4	−0.031%	$296.1M	$420.1M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0328%	1h	4,307.2	−0.174%	$573K	$138K	25x	as long as short
BloFin XAU-USDT	+0.0429%	4h	4,310.7	−0.092%	$16.4M	$5.0M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0466% / S −0.0313%	1h	4,309.9	−0.112%	$255K	—	111x	as long as short
HTX XAU-USDT	+0.1306%	4h	4,317.2	+0.057%	$3.2M	$6.2M	75x	as long as short