Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0069%/8h= +7.6% APRpaid last 24h +0.011%

Price spread now: Aster against Extended+0.129%7-day average +0.095% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$130.134% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 7 days−0.090%−$9 · spread now +0.129%, 7d avg +0.095%

Together, before fees−0.025%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aster is 0.033% dearer against Extended than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.095%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XAU-USD	4,342.8	0.0032	pay 0.0004% / 1h	0m 45s	$13.2M	$37.3M	25x
Short	Aster XAUUSD1	4,348.4	0.0101	get 0.0050% / 4h	3h 00m	$71.6M	$331.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now +0.129%Rate

Funding earned: $14.49
Price spread: +0.129% → +0.095%: $3.35
Slippage, 4 orders: −$0.38
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: $4.45
Costs to cover: 0.134%
Break-even: 4.8 days

Slippage from Extended: live order book, 3 min ago; Aster: 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 Extended live order book, 3 min ago	0.12 bp	2.7 bp −$3	4.3 bp −$43	9.0 bp −$897	30.0 bp −$15.0K
Sell Aster live order book, 3 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	−0.0023%	1h	4,339.7	−0.070%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,350.8	+0.184%	$92K	$8.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,342.9	+0.003%	$272K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,346.9	+0.095%	$3.7M	$12.6M	25x	as long as short
Extended XAU-USDlong	+0.0032%	1h	4,342.8	long leg	$13.2M	$37.3M	25x
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.176%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,345.3	+0.058%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,345.1	+0.053%	$5.6M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,379.4	+0.843%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,343.4	+0.014%	$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	4,343.1	+0.007%	$15.1M	$56.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0052%	24h	4,345.1	+0.053%	$4.3M	$39.3M	15x	as long as short
Bybit XAUUSDT	+0.0054%	4h	4,347.4	+0.106%	$80.1M	$152.0M	150x	as long as short
Lighter XAU	+0.0056%	1h	4,345.7	+0.066%	$20.7M	$34.8M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,342.7	−0.002%	$2.1M	$4.7M	25x	as long as short
Gate XAU_USDT	+0.0060%	4h	4,348.2	+0.126%	$268.7M	$420.1M	100x	as long as short
Paradex XAU-USD-PERP	+0.0068%	8h	4,346.7	+0.090%	$19K	$5K	5x	as long as short
Hotstuff GOLD-PERP	+0.0088%	1h	4,343.1	+0.007%	$33K	—	25x	as long as short
Lighter RH XAU	+0.0088%	1h	4,348.1	+0.123%	$20.2M	$40.3M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,342.9	+0.002%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,344.4	+0.038%	$274K	$203K	50x	as long as short
Aster XAUUSD1short	+0.0101%	4h	4,348.4	+0.129%	$71.6M	$331.4M	20x
Variational Omni XAU	+0.0106%	4h	4,346	+0.074%	$48.4M	$27.6M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,345.7	+0.068%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0118%	4h	4,346.5	+0.086%	$370.6M	$322.4M	1000x	as long as short
Binance XAUUSDT	+0.0120%	4h	4,346.5	+0.087%	$418.7M	$2.09B	100x	as long as short
Phoenix GOLD	+0.0136%	1h	4,343.3	+0.012%	$47K	$77K	25x	as long as short
edgeX XAUUSDC	+0.0138%	4h	4,342	−0.018%	$30.2M	$58.1M	50x	as long as short
GRVT XAU_USDT_Perp	+0.0142%	4h	4,346.6	+0.089%	$1.4M	$2.9M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0187%	1h	4,345.2	+0.056%	$204K	$827K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0201%	1h	4,346.5	+0.086%	$4.2M	$2.0M	20x	as long as short
Phemex XAUUSDT	+0.0204%	4h	4,349.1	+0.145%	$2.2M	$967K	100x	as long as short
Bullet GOLD-USD	+0.0204%	1h	4,346.8	+0.092%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,343.6	+0.019%	$590K	$135K	25x	as long as short
Bitget XAUUSDT	+0.0276%	4h	4,347	+0.097%	$71.1M	$108.8M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0331%	8h	4,347.6	+0.111%	$167.5M	$283.2M	100x	as long as short
BloFin XAU-USDT	+0.0360%	4h	4,346.6	+0.087%	$15.8M	$4.4M	100x	as long as short
HTX XAU-USDT	+0.0360%	4h	4,348.8	+0.138%	$2.8M	$4.6M	75x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0428% / S −0.0252%	1h	4,346.8	+0.092%	$250K	—	111x	as long as short