Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.026%

Price spread now: Aster against GRVT+0.036%80s7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$170.171% of the position

Long on GRVT Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 7 days−0.075%−$8 · spread now +0.036%, 7d avg −0.006%

Together, before fees−0.083%+ Points / potential airdropGRVT: Active · Aster: Stage 5 · farm board−$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.043% dearer against GRVT than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.006%. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT XAU_USDT_Perp	4,366.8	0	get 0.0000% / 4h	48m 10s	$1.4M	$3.1M	25x
Short	Aster XAUUSD1	4,368.4	0	get 0.0000% / 4h	48m 10s	$71.6M	$228.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GRVT. 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 GRVTbpFee AsterbpOrdersPrice spread, now +0.036%Rate

Funding earned: $0
Price spread: +0.036% → −0.006%: $4.25
Slippage, 4 orders: −$0.13
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$12.88
Costs to cover: 0.171%
Break-even: never at this rate

Slippage from GRVT: live order book, 6 min ago; Aster: live order book, 6 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 GRVT live order book, 6 min ago	0.01 bp	4.5 bp −$5	4.5 bp −$45	7.4 bp −$743	doesn't fit
Sell Aster live order book, 6 min ago	0.01 bp	4.0 bp −$4	5.2 bp −$52	31.0 bp −$3,101	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	−0.0368%	1h	4,361.2	−0.130%	$26K	$21K	20x	as long as short
Phoenix GOLD	−0.0004%	1h	4,364.9	−0.044%	$48K	$65K	25x	as long as short
Aster XAUUSD1short	0.0000%	4h	4,368.4	+0.036%	$71.6M	$228.6M	20x
Binance XAUUSDT	0.0000%	4h	4,367.6	+0.018%	$408.6M	$2.10B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,368.6	+0.041%	$82.9M	$141.2M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,367.6	+0.018%	$3.4M	$12.4M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,368.4	+0.036%	$268.6M	$406.3M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,367.6	+0.018%	$377.3M	$320.0M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,367.9	+0.024%	$67.0M	$111.0M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,366.4	−0.011%	$48.5M	$30.9M	—	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XAU_USDT_Perplong	0.0000%	4h	4,366.8	long leg	$1.4M	$3.1M	25x
Kalshi KXGOLDPERP	0.0000%	24h	4,365.9	−0.022%	$4.0M	$35.2M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,372.2	+0.122%	$93K	$10.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,364.8	−0.048%	$268K	—	250x	as long as short
edgeX XAUUSDC	+0.0011%	4h	4,361.5	−0.123%	$30.3M	$58.2M	50x	as long as short
Hotstuff GOLD-PERP	+0.0016%	1h	4,364.5	−0.054%	$33K	—	25x	as long as short
Bullet GOLD-USD	+0.0021%	1h	4,367.5	+0.014%	$60K	$81K	10x	as long as short
QFEX GOLD-USD	+0.0032%	1h	4,367.2	+0.008%	$5.6M	$1.7M	20x	as long as short
Lighter XAU	+0.0032%	1h	4,367.3	+0.011%	$20.9M	$44.3M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,369.3	+0.057%	$20.3M	$41.6M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,364.7	−0.050%	$13.0M	$46.5M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.376%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,366.4	−0.010%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,402.4	+0.814%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,364.8	−0.047%	$293.8M	$52.2M	25x	as long as short
Paradex XAU-USD-PERP	+0.0050%	8h	4,368	+0.026%	$19K	$6K	5x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,364.6	−0.051%	$14.5M	$56.0M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0075%	1h	4,367	+0.004%	$4.3M	$1.8M	20x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,367.1	+0.005%	$162K	$87	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0094%	1h	4,366.6	−0.006%	$235K	$735K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,364.6	−0.050%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,364.9	−0.044%	$277K	$204K	50x	as long as short
HTX XAU-USDT	+0.0129%	4h	4,371	+0.095%	$2.8M	$3.8M	75x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0152%	1h	4,364.9	−0.044%	$2.0M	$5.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0155%	8h	4,367.9	+0.024%	$158.1M	$270.9M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0220%	1h	4,365.3	−0.036%	$602K	$138K	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,367.6	+0.017%	$14.8M	$4.4M	100x	as long as short
Phemex XAUUSDT	+0.0291%	4h	4,370.3	+0.078%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0388% / S −0.0197%	1h	4,367.6	+0.018%	$252K	—	111x	as long as short