Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0041%/8h= −4.5% APRpaid last 24h −0.010%

Price spread now: StandX against Aster+0.025%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$220.219% of the position

Long on Aster Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 7 days−0.024%−$2 · spread now +0.025%, 7d avg +0.011%

Together, before fees−0.061%+ Points / potential airdropAster: Stage 5 · StandX: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAUUSD1	4,327.5	0.0081	pay 0.0041% / 4h	1h 56m	$72.4M	$319.8M	20x
Short	StandX XAU-USD	4,328.6	0.0040	get 0.0005% / 1h	56m 16s	$3.8M	$4.5M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$8.61
Price spread: +0.025% → +0.011%: $1.4
Slippage, 4 orders: −$5.89
Fee Aster: 4 bp × 2 orders: −$8
Fee StandX: 4 bp × 2 orders: −$8
Net: −$29.1
Costs to cover: 0.219%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; StandX: 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	4.0 bp −$4	4.2 bp −$42	22.2 bp −$2,223	doesn't fit
Sell StandX live order book, 3 min ago	0.12 bp	9.3 bp −$9	10.4 bp −$104	11.2 bp −$1,116	14.4 bp −$7,175

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
Bluefin GOLD-PERP	−0.0056%	1h	4,319.9	−0.175%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,329.7	+0.051%	$92K	$8.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,322.4	−0.117%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0008%	4h	4,326.6	−0.021%	$77.8M	$156.8M	150x	as long as short
Extended XAU-USD	+0.0032%	1h	4,322.6	−0.115%	$13.1M	$36.6M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.529%	$619	$54	52x	as long as short
StandX XAU-USDshort	+0.0040%	1h	4,328.6	+0.025%	$3.8M	$4.5M	40x
QFEX GOLD-USD	+0.0042%	1h	4,326	−0.035%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,359	+0.727%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,325.2	−0.053%	$20.4M	$30.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff GOLD-PERP	+0.0048%	1h	4,323.4	−0.095%	$32K	—	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,323.4	−0.095%	$291.6M	$51.7M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,323.2	−0.100%	$15.0M	$56.1M	25x	as long as short
Kalshi KXGOLDPERP	+0.0066%	24h	4,326	−0.035%	$3.9M	$42.6M	15x	as long as short
Paradex XAU-USD-PERP	+0.0069%	8h	4,326.5	−0.023%	$19K	$5K	5x	as long as short
GRVT XAU_USDT_Perp	+0.0070%	4h	4,328.6	+0.026%	$1.4M	$3.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,324.2	−0.077%	$2.1M	$4.8M	25x	as long as short
Gate XAU_USDT	+0.0074%	4h	4,328.3	+0.017%	$272.6M	$404.2M	100x	as long as short
Aster XAUUSD1long	+0.0081%	4h	4,327.5	long leg	$72.4M	$319.8M	20x
Variational Omni XAU	+0.0086%	4h	4,328.3	+0.019%	$46.8M	$28.8M	—	as long as short
MEXC XAU_USDT	+0.0094%	4h	4,327.2	−0.008%	$363.8M	$324.0M	1000x	as long as short
Lighter RH XAU	+0.0096%	1h	4,327.8	+0.006%	$19.8M	$38.2M	25x	as long as short
Binance XAUUSDT	+0.0096%	4h	4,326.5	−0.023%	$412.9M	$2.12B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,322.4	−0.118%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,327.3	−0.004%	$272K	$208K	50x	as long as short
edgeX XAUUSDC	+0.0102%	4h	4,324.1	−0.079%	$30.1M	$60.3M	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,325.8	−0.039%	$160K	$87	10x	as long as short
Phoenix GOLD	+0.0127%	1h	4,324.8	−0.063%	$47K	$79K	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0153%	1h	4,323.5	−0.094%	$589K	$130K	25x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,327.5	0.000%	$3.8M	$12.5M	25x	as long as short
Bullet GOLD-USD	+0.0201%	1h	4,327.1	−0.009%	$59K	$82K	10x	as long as short
HTX XAU-USDT	+0.0205%	4h	4,329.4	+0.043%	$2.8M	$4.9M	75x	as long as short
Polymarket Perps GOLD-USD	+0.0211%	1h	4,326.6	−0.021%	$4.2M	$1.9M	20x	as long as short
Bitget XAUUSDT	+0.0236%	4h	4,326	−0.036%	$67.9M	$119.2M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0305%	1h	4,324.9	−0.061%	$193K	$829K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0318%	8h	4,326.6	−0.021%	$170.2M	$297.4M	100x	as long as short
BloFin XAU-USDT	+0.0336%	4h	4,325	−0.058%	$16.0M	$4.4M	100x	as long as short
Phemex XAUUSDT	+0.0393%	4h	4,328.4	+0.021%	$2.2M	$961K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0463% / S −0.0307%	1h	4,327.1	−0.009%	$253K	—	111x	as long as short