Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0002%/8h= −0.3% APRpaid last 24h +0.036%

Price spread now: Aster against gTrade (Gains Network)+0.093%7-day average +0.100% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$276as in the Price arb table

costs, in and out, $10k−$2752.751% of the position

Long on gTrade (Gains Network)Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.040%+$4 on $10k

Price spread, last 3 days (all we have)−0.046%−$5 · spread now +0.093%, 7d avg +0.100%

Together, before fees−0.006%+ Points / potential airdropAster: Stage 5 · farm board−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XAU/USD	4,354.7	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	44m 47s	$269K	—	250x
Short	Aster XAUUSD1	4,358.8	0	get 0.0000% / 4h	2h 44m	$69.2M	$274.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee AsterbpOrdersPrice spread, now +0.093%Rate

Funding earned: −$0.48
Price spread: +0.093% → +0.100%: −$0.63
Slippage, 4 orders: −$260.15
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$276.25
Costs to cover: 2.751%
Break-even: never at this rate

Slippage from gTrade (Gains Network): virtual book (oracle venue), 54 min ago; Aster: live order book, 4 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 gTrade (Gains Network) virtual book (oracle venue), 54 min ago	130.01 bp	133.5 bp −$134	196.7 bp −$1,967	1352.9 bp −$135.3K	5907.8 bp −$2.95M
Sell Aster live order book, 4 min ago	0.01 bp	4.1 bp −$4	5.8 bp −$58	28.5 bp −$2,854	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	−0.0346%	1h	4,351.5	−0.075%	$25K	$14K	20x	as long as short
Hotstuff GOLD-PERP	−0.0112%	1h	4,355.4	+0.015%	$33K	—	25x	as long as short
Aster XAUUSD1short	0.0000%	4h	4,358.8	+0.093%	$69.2M	$274.9M	20x
Gate XAU_USDT	0.0000%	4h	4,359.4	+0.107%	$263.4M	$405.4M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,355.9	+0.027%	$4.1M	$36.6M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,363.2	+0.195%	$93K	$9.8M	20x	as long as short
gTrade (Gains Network) XAU/USDlong	L +0.0002% / S −0.0003%	1h	4,354.7	long leg	$269K	—	250x
Extended XAU-USD	+0.0032%	1h	4,354.7	−0.001%	$13.5M	$43.0M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.099%	$619	$54	52x	as long as short
Lighter XAU	+0.0040%	1h	4,356.5	+0.041%	$20.6M	$43.4M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAU-USD	+0.0040%	1h	4,360.5	+0.132%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,392	+0.856%	—	$1.0M	25x	as long as short
Lighter RH XAU	+0.0048%	1h	4,359	+0.099%	$20.1M	$40.7M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,355	+0.006%	$293.9M	$48.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,354.8	0.000%	$14.9M	$57.6M	25x	as long as short
QFEX GOLD-USD	+0.0051%	1h	4,357.9	+0.073%	$5.6M	$1.9M	20x	as long as short
Variational Omni XAU	+0.0053%	4h	4,360	+0.121%	$48.4M	$28.4M	—	as long as short
Polymarket Perps GOLD-USD	+0.0057%	1h	4,357	+0.052%	$4.3M	$1.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,355.6	+0.020%	$2.0M	$5.0M	25x	as long as short
edgeX XAUUSDC	+0.0076%	4h	4,353.6	−0.025%	$30.3M	$60.7M	50x	as long as short
MEXC XAU_USDT	+0.0076%	4h	4,357.9	+0.074%	$372.8M	$320.5M	1000x	as long as short
Binance XAUUSDT	+0.0078%	4h	4,358	+0.075%	$410.4M	$2.11B	100x	as long as short
Paradex XAU-USD-PERP	+0.0086%	8h	4,357.8	+0.071%	$19K	$5K	5x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,358.1	+0.077%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,354.5	−0.005%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,359.3	+0.104%	$275K	$204K	50x	as long as short
Phoenix GOLD	+0.0121%	1h	4,356.7	+0.045%	$48K	$64K	25x	as long as short
Bitget XAUUSDT	+0.0134%	4h	4,358	+0.076%	$69.5M	$110.9M	100x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,357.9	+0.073%	$3.4M	$12.4M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0138%	4h	4,364	+0.212%	$1.4M	$3.0M	25x	as long as short
Bullet GOLD-USD	+0.0155%	1h	4,358.4	+0.084%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0180%	4h	4,359.2	+0.101%	$84.2M	$145.2M	150x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0186%	1h	4,357.3	+0.059%	$235K	$661K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0221%	8h	4,359.1	+0.100%	$164.8M	$285.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,355.2	+0.010%	$594K	$141K	25x	as long as short
BloFin XAU-USDT	+0.0286%	4h	4,364.8	+0.231%	$15.5M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0391%	4h	4,361.3	+0.150%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0394% / S −0.0199%	1h	4,358.7	+0.090%	$253K	—	111x	as long as short
HTX XAU-USDT	+0.0529%	4h	4,363.6	+0.204%	$2.9M	$3.9M	75x	as long as short