Settings8H · net · $10k
Funding arb · Price arb /

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC−0.1074%/8h= −117.6% APRnext payment $5.37 per $10,000 · paid last 24h −0.090%
Price spread now: Aster against HTX−0.093%53s7-day average −0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$260.264% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.012%−$1 on $10k
Price spread, last 4 days (all we have)−0.032%−$3 · spread now −0.093%, 7d avg −0.047%
Together, before fees−0.044%+ Points / potential airdropAster: Stage 5 · farm board−$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$32 a day on $10k at the current rate, and Aster is 0.045% cheaper against HTX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.047%). Swap the legs. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.012% in total (about -0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about $5.37 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX XAU-USDT4,327.50.1141pay 0.0571% / 4h3h 12m$3.2M$6.9M75x
ShortAster XAUUSD14,323.40.0067get 0.0033% / 4h3h 12m$74.2M$272.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against HTX. 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

Funding earned
−$225.61
Price spread: −0.093% → −0.047%
−$4.55
Slippage, 4 orders
−$6.37
Fee HTX: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
−$256.52
Costs to cover
0.264%
Break-even
never at this rate
Slippage from HTX: 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
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 2 min ago0.01 bp7.0 bp −$79.7 bp −$9719.1 bp −$1,906doesn't fit
Sell Aster live order book, 2 min ago0.01 bp5.0 bp −$55.7 bp −$5737.0 bp −$3,704doesn't fit

XAU on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX XAU-USDT0.0000%4h4,325.7−0.040%$92K$6.6M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,318.9−0.198%$274K250xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.531%$619$5452xas long as short
Hotstuff GOLD-PERP+0.0040%1h4,317.1−0.239%$32K25xas long as short
StandX XAU-USD+0.0044%1h4,323.2−0.098%$3.8M$4.5M40xas long as short
Vest GC-PERP+0.0046%1h4,354.2+0.618%$1.0M25xas long as short
QFEX GOLD-USD+0.0046%1h4,320.2−0.168%$6.6M$3.1M20xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,319.2−0.191%$291.8M$54.8M25xas long as short
Polymarket Perps GOLD-USD+0.0050%1h4,321.2−0.145%$4.3M$1.8M20xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,317.2−0.237%$15.0M$56.7M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International GOLD-PERP-INTX+0.0056%1h4,316.3−0.258%$2.0M$5.2M25xas long as short
Paradex XAU-USD-PERP+0.0060%8h4,320.3−0.166%$2K$13K5xas long as short
Aster XAUUSD1short+0.0067%4h4,323.4−0.093%$74.2M$272.1M20x
Lighter XAU+0.0080%1h4,320.2−0.169%$20.2M$30.2M25xas long as short
Phoenix GOLD+0.0095%1h4,319.4−0.186%$42K$86K25xas long as short
Lighter RH XAU+0.0096%1h4,322.6−0.112%$19.9M$40.8M25xas long as short
Extended XAU-USD+0.0096%1h4,318.7−0.202%$13.0M$35.8M25xas long as short
Pacifica XAU+0.0100%1h4,317.6−0.229%$1.4M$1.3M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,319.5−0.183%$281K$228K50xas long as short
Variational Omni XAU+0.0110%4h4,324.7−0.063%$47.1M$29.9Mas long as short
Aevo XAU-PERP+0.0112%1h4,322−0.127%$160K$8710xas long as short
Kalshi KXGOLDPERP+0.0116%24h4,323.4−0.094%$3.5M$47.9M15xas long as short
Binance XAUUSDT+0.0125%4h4,322.8−0.108%$440.5M$2.30B100xas long as short
RISEx XAU/USDC+0.0126%1h4,321.9−0.128%$4.5M$13.5M25xas long as short
MEXC XAU_USDT+0.0126%4h4,322.4−0.118%$349.6M$353.5M1000xas long as short
Bybit XAUUSDT+0.0135%4h4,324.5−0.070%$81.4M$163.2M150xas long as short
edgeX XAUUSDC+0.0137%4h4,319.2−0.192%$30.0M$63.8M50xas long as short
Gate XAU_USDT+0.0154%4h4,324−0.079%$301.1M$440.6M100xas long as short
Bullet GOLD-USD+0.0192%1h4,322.8−0.108%$59K$77K10xas long as short
Bitget XAUUSDT+0.0202%4h4,323−0.104%$70.5M$129.0M100xas long as short
GRVT XAU_USDT_Perp+0.0210%4h4,324−0.080%$1.4M$3.0M25xas long as short
Phemex XAUUSDT+0.0244%4h4,321.4−0.141%$2.2M$961K100xas long as short
OKX XAU-USDT-SWAP+0.0248%8h4,324.5−0.068%$171.4M$346.0M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0282%1h4,322.1−0.124%$133K$795K25xas long as short
Kraken Futures PF_XAUUSD+0.0327%1h4,320.2−0.167%$577K$145K25xas long as short
BloFin XAU-USDT+0.0366%4h4,321.5−0.137%$16.1M$5.3M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0466% / S −0.0314%1h4,322.9−0.105%$256K111xas long as short
HTX XAU-USDTlong+0.1141%4h4,327.5long leg$3.2M$6.9M75x
Bluefin GOLD-PERP+0.1825%1h4,317.1−0.240%$25K$1K20xas long as short