Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0045%/8h= +4.9% APRpaid last 24h +0.003%

Price spread now: Aster against Coinbase International+0.083%7-day average +0.106% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$200.202% of the position

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.397%−$40 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now +0.083%, 7d avg +0.106%

Together, before fees−0.420%+ Points / potential airdropAster: Stage 5 · farm board−$42 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.022% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.083% now, against its 7-day average of +0.106%). If the spread goes back, that is −$2 on $10k: about 40 hours of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.397%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International GOLD-PERP-INTX	4,342.9	0.0056	pay 0.0007% / 1h	1m 55s	$2.1M	$4.7M	25x
Short	Aster XAUUSD1	4,346.5	0.0101	get 0.0051% / 4h	3h 01m	$71.5M	$331.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now +0.083%Rate

Funding earned: $9.46
Price spread: +0.083% → +0.106%: −$2.23
Slippage, 4 orders: −$2.21
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$12.98
Costs to cover: 0.202%
Break-even: 16.6 days

Slippage from Coinbase International: live order book, 2 min ago; Aster: live order book, 2 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 Coinbase International live order book, 2 min ago	0.12 bp	6.5 bp −$6	7.8 bp −$78	52.4 bp −$5,236	doesn't fit
Sell Aster live order book, 2 min ago	0.01 bp	4.0 bp −$4	4.5 bp −$45	56.4 bp −$5,642	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	−0.0019%	1h	4,339.1	−0.087%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,350.6	+0.177%	$92K	$8.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,342.4	−0.011%	$272K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,347.1	+0.097%	$3.7M	$12.6M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,342.1	−0.019%	$13.2M	$37.3M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.173%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,345.3	+0.055%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,345.1	+0.051%	$5.6M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,378.9	+0.829%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,342.9	0.000%	$293.8M	$49.1M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,343	+0.002%	$15.0M	$56.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0052%	24h	4,345.1	+0.051%	$4.3M	$39.3M	15x	as long as short
Lighter XAU	+0.0056%	1h	4,345.4	+0.056%	$20.7M	$34.8M	25x	as long as short
Coinbase International GOLD-PERP-INTXlong	+0.0056%	1h	4,342.9	long leg	$2.1M	$4.7M	25x
Gate XAU_USDT	+0.0058%	4h	4,347.6	+0.109%	$268.7M	$419.8M	100x	as long as short
Bybit XAUUSDT	+0.0059%	4h	4,347.4	+0.104%	$80.0M	$152.1M	150x	as long as short
Paradex XAU-USD-PERP	+0.0068%	8h	4,346.2	+0.077%	$19K	$5K	5x	as long as short
Hotstuff GOLD-PERP	+0.0080%	1h	4,343.2	+0.007%	$33K	—	25x	as long as short
Lighter RH XAU	+0.0088%	1h	4,347.8	+0.113%	$20.2M	$40.3M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,342.6	−0.008%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,341.7	−0.028%	$274K	$203K	50x	as long as short
Aster XAUUSD1short	+0.0101%	4h	4,346.5	+0.083%	$71.5M	$331.5M	20x
Variational Omni XAU	+0.0105%	4h	4,345.4	+0.057%	$48.3M	$27.6M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,345.4	+0.058%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0120%	4h	4,346	+0.071%	$370.7M	$322.2M	1000x	as long as short
Binance XAUUSDT	+0.0120%	4h	4,346.4	+0.081%	$418.7M	$2.09B	100x	as long as short
edgeX XAUUSDC	+0.0121%	4h	4,342.4	−0.012%	$30.2M	$58.0M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,341.7	−0.028%	$47K	$77K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0141%	1h	4,344.4	+0.035%	$204K	$827K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0142%	4h	4,346.6	+0.086%	$1.4M	$2.9M	25x	as long as short
Phemex XAUUSDT	+0.0193%	4h	4,349.1	+0.142%	$2.2M	$967K	100x	as long as short
Polymarket Perps GOLD-USD	+0.0202%	1h	4,346.2	+0.076%	$4.2M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0205%	1h	4,346.4	+0.081%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,343.4	+0.011%	$590K	$135K	25x	as long as short
Bitget XAUUSDT	+0.0276%	4h	4,346.4	+0.080%	$71.1M	$108.9M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0331%	8h	4,347.7	+0.111%	$167.4M	$283.5M	100x	as long as short
BloFin XAU-USDT	+0.0362%	4h	4,346.5	+0.083%	$15.8M	$4.4M	100x	as long as short
HTX XAU-USDT	+0.0369%	4h	4,348.8	+0.136%	$2.8M	$4.6M	75x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0428% / S −0.0252%	1h	4,346.3	+0.079%	$250K	—	111x	as long as short