Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0047%/8h= −5.2% APRpaid last 24h −0.014%

Price spread now: tradeXYZ against Aster−0.092%7-day average −0.092% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$270.267% of the position

Long on Aster Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 7 days+0.045%+$4 · spread now −0.092%, 7d avg −0.092%

Together, before fees+0.052%+ Points / potential airdropAster: Stage 5 · tradeXYZ: Active · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.092%, 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	4,346.5	0.0097	pay 0.0049% / 4h	3h 06m	$71.5M	$331.5M	20x
Short	tradeXYZ xyz:GOLD	4,342.5	0.0050	get 0.0006% / 1h	6m 12s	$293.7M	$49.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.092%Rate

Funding earned: −$9.88
Price spread: −0.092% → −0.092%: $0.03
Slippage, 4 orders: −$0.67
Fee Aster: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$36.52
Costs to cover: 0.267%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; tradeXYZ: live order book, 13 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	4.0 bp −$40	15.3 bp −$1,529	doesn't fit
Sell tradeXYZ live order book, 13 min ago	0.12 bp	9.1 bp −$9	9.7 bp −$97	11.4 bp −$1,142	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
Bluefin GOLD-PERP	−0.0008%	1h	4,338.9	−0.175%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,350.5	+0.093%	$92K	$8.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,342	−0.104%	$272K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,346.2	−0.006%	$3.7M	$12.5M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,341.9	−0.105%	$13.2M	$37.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.091%	$619	$54	52x	as long as short
Hotstuff GOLD-PERP	+0.0040%	1h	4,341.5	−0.115%	$33K	—	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,345.3	−0.027%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,345.1	−0.032%	$5.6M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,378.3	+0.732%	—	$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:GOLDshort	+0.0050%	1h	4,342.5	−0.092%	$293.7M	$49.1M	25x
Ondo Perps XAU-USD.P	+0.0050%	1h	4,342.6	−0.090%	$15.0M	$56.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0052%	24h	4,343.8	−0.062%	$4.0M	$38.9M	15x	as long as short
Bybit XAUUSDT	+0.0055%	4h	4,347.1	+0.014%	$80.1M	$152.0M	150x	as long as short
Lighter XAU	+0.0056%	1h	4,345.1	−0.033%	$20.7M	$34.8M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,341.7	−0.110%	$2.1M	$4.7M	25x	as long as short
Gate XAU_USDT	+0.0062%	4h	4,347.4	+0.021%	$268.4M	$418.9M	100x	as long as short
Paradex XAU-USD-PERP	+0.0066%	8h	4,345.7	−0.018%	$19K	$5K	5x	as long as short
Lighter RH XAU	+0.0080%	1h	4,347.6	+0.025%	$20.2M	$40.2M	25x	as long as short
Aster XAUUSD1long	+0.0097%	4h	4,346.5	long leg	$71.5M	$331.5M	20x
Pacifica XAU	+0.0100%	1h	4,342	−0.103%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,340.4	−0.140%	$274K	$203K	50x	as long as short
Variational Omni XAU	+0.0105%	4h	4,342.7	−0.088%	$48.4M	$27.5M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,345.1	−0.032%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0118%	4h	4,346.1	−0.009%	$370.6M	$321.5M	1000x	as long as short
Binance XAUUSDT	+0.0120%	4h	4,346.1	−0.008%	$418.8M	$2.09B	100x	as long as short
edgeX XAUUSDC	+0.0135%	4h	4,340	−0.148%	$30.2M	$57.9M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,342	−0.103%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0154%	4h	4,343.9	−0.059%	$1.4M	$2.9M	25x	as long as short
Phemex XAUUSDT	+0.0201%	4h	4,349	+0.058%	$2.2M	$967K	100x	as long as short
Polymarket Perps GOLD-USD	+0.0204%	1h	4,345.9	−0.013%	$4.2M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0206%	1h	4,346.1	−0.009%	$59K	$82K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0211%	1h	4,344.3	−0.050%	$204K	$826K	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,342.8	−0.084%	$590K	$135K	25x	as long as short
Bitget XAUUSDT	+0.0274%	4h	4,346.4	−0.002%	$71.1M	$108.8M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0330%	8h	4,347	+0.012%	$167.2M	$283.1M	100x	as long as short
BloFin XAU-USDT	+0.0360%	4h	4,345	−0.034%	$15.7M	$4.4M	100x	as long as short
HTX XAU-USDT	+0.0410%	4h	4,346.8	+0.007%	$2.8M	$4.6M	75x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0428% / S −0.0252%	1h	4,346.1	−0.008%	$250K	—	111x	as long as short