Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.017%

Price spread now: Aster against Injective−0.052%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.052% cheaper against Injective than usual: you would sell low and buy high (spread −0.052% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 2.6 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XAU/USDC PERP	4,350.4	0.0033	pay 0.0004% / 1h	1m 09s	$619	$54	52x
Short	Aster XAUUSD1	4,348.1	0.0101	get 0.0051% / 4h	3h 01m	$71.6M	$331.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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 InjectivebpFee AsterbpOrdersPrice spread, now −0.052%Rate

Funding earned: $14.22
Price spread: −0.052% → 0.000%: −$5.22
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: $0.98
Costs to cover: 0.080%
Break-even: 6.5 days

Slippage unknown: Injective: no order-book sample; Aster: live order book, 3 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
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

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.246%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,350.8	+0.008%	$92K	$8.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,342.9	−0.173%	$272K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,346.9	−0.080%	$3.7M	$12.6M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,342.9	−0.173%	$13.2M	$37.3M	25x	as long as short
Injective XAU/USDC PERPlong	+0.0033%	1h	4,350.4	long leg	$619	$54	52x
StandX XAU-USD	+0.0040%	1h	4,345.3	−0.118%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,345.1	−0.122%	$5.6M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,379.4	+0.666%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,343.4	−0.161%	$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	4,343.3	−0.164%	$15.1M	$56.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0052%	24h	4,345.1	−0.122%	$4.3M	$39.3M	15x	as long as short
Lighter XAU	+0.0056%	1h	4,345.6	−0.111%	$20.7M	$34.8M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,342.7	−0.177%	$2.1M	$4.7M	25x	as long as short
Bybit XAUUSDT	+0.0057%	4h	4,347.4	−0.070%	$80.0M	$152.0M	150x	as long as short
Gate XAU_USDT	+0.0060%	4h	4,348.3	−0.049%	$268.6M	$420.0M	100x	as long as short
Paradex XAU-USD-PERP	+0.0068%	8h	4,346.7	−0.086%	$19K	$5K	5x	as long as short
Hotstuff GOLD-PERP	+0.0088%	1h	4,343.1	−0.168%	$33K	—	25x	as long as short
Lighter RH XAU	+0.0088%	1h	4,348.2	−0.052%	$20.2M	$40.3M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,343	−0.171%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,344.4	−0.138%	$274K	$203K	50x	as long as short
Aster XAUUSD1short	+0.0101%	4h	4,348.1	−0.052%	$71.6M	$331.4M	20x
Variational Omni XAU	+0.0105%	4h	4,345.4	−0.116%	$48.3M	$27.6M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,345.7	−0.108%	$161K	$87	10x	as long as short
Binance XAUUSDT	+0.0120%	4h	4,346.5	−0.089%	$418.7M	$2.09B	100x	as long as short
MEXC XAU_USDT	+0.0120%	4h	4,346.5	−0.089%	$370.9M	$322.4M	1000x	as long as short
Phoenix GOLD	+0.0136%	1h	4,343.3	−0.164%	$47K	$77K	25x	as long as short
edgeX XAUUSDC	+0.0138%	4h	4,342	−0.193%	$30.2M	$58.1M	50x	as long as short
GRVT XAU_USDT_Perp	+0.0142%	4h	4,346.6	−0.087%	$1.4M	$2.9M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0187%	1h	4,345.2	−0.120%	$204K	$827K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0201%	1h	4,346.5	−0.090%	$4.2M	$2.0M	20x	as long as short
Phemex XAUUSDT	+0.0204%	4h	4,349.1	−0.031%	$2.2M	$967K	100x	as long as short
Bullet GOLD-USD	+0.0204%	1h	4,346.8	−0.084%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,343.6	−0.157%	$590K	$135K	25x	as long as short
Bitget XAUUSDT	+0.0276%	4h	4,346.9	−0.081%	$71.1M	$108.9M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0331%	8h	4,347.7	−0.063%	$167.4M	$283.3M	100x	as long as short
BloFin XAU-USDT	+0.0360%	4h	4,346.6	−0.089%	$15.8M	$4.4M	100x	as long as short
HTX XAU-USDT	+0.0360%	4h	4,348.8	−0.037%	$2.8M	$4.6M	75x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0428% / S −0.0252%	1h	4,346.8	−0.084%	$250K	—	111x	as long as short