Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h +0.014%

Price spread now: Aster against Ondo Perps+0.104%7-day average +0.135% · you sell dearer than you buy

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

Long on Ondo Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 7 days+0.031%+$3 · spread now +0.104%, 7d avg +0.135%

Together, before fees+0.084%+ Points / potential airdropOndo Perps: Active · Aster: Stage 5 · farm board+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.031% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.104% now, against its 7-day average of +0.135%). If the spread goes back, that is −$3 on $10k: about 42 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.053% in total) that is about 4.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps XAU-USD.P	4,333.2	0.0050	pay 0.0006% / 1h	35m 19s	$15.0M	$56.5M	25x
Short	Aster XAUUSD1	4,337.7	0.0110	get 0.0055% / 4h	2h 35m	$71.4M	$331.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Ondo Perps. 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 Ondo PerpsbpFee AsterbpOrdersPrice spread, now +0.104%Rate

Funding earned: $12.57
Price spread: +0.104% → +0.135%: −$3.14
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$3.57
Costs to cover: 0.130%
Break-even: 9.0 days

Slippage unknown: Ondo Perps: no order-book sample; Aster: live order book, 4 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Aster live order book, 4 min ago	0.01 bp	4.0 bp −$4	4.5 bp −$45	38.6 bp −$3,865	doesn't fit

Ondo Perps: 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
SunX XAU-USDT	0.0000%	4h	4,340.7	+0.174%	$92K	$8.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,332	−0.026%	$271K	—	250x	as long as short
Extended XAU-USD	+0.0032%	1h	4,332.3	−0.021%	$13.2M	$37.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.398%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,341.1	+0.183%	$3.8M	$4.5M	40x	as long as short
Bluefin GOLD-PERP	+0.0043%	1h	4,330	−0.072%	$25K	$14K	20x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,337	+0.088%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,369.5	+0.838%	—	$1.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0048%	1h	4,334	+0.019%	$33K	—	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,333.8	+0.015%	$292.6M	$50.1M	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.Plong	+0.0050%	1h	4,333.2	long leg	$15.0M	$56.5M	25x
RISEx XAU/USDC	+0.0054%	1h	4,337.3	+0.096%	$3.7M	$12.3M	25x	as long as short
Lighter XAU	+0.0056%	1h	4,335.4	+0.052%	$20.6M	$30.6M	25x	as long as short
Kalshi KXGOLDPERP	+0.0056%	24h	4,335.8	+0.061%	$4.2M	$39.7M	15x	as long as short
Gate XAU_USDT	+0.0062%	4h	4,338.1	+0.114%	$271.8M	$400.3M	100x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,334.1	+0.021%	$2.1M	$4.7M	25x	as long as short
Paradex XAU-USD-PERP	+0.0072%	8h	4,337	+0.088%	$19K	$5K	5x	as long as short
Bybit XAUUSDT	+0.0077%	4h	4,336.5	+0.076%	$79.8M	$152.8M	150x	as long as short
Lighter RH XAU	+0.0096%	1h	4,337.9	+0.110%	$20.0M	$38.4M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,333.5	+0.008%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,336.7	+0.081%	$276K	$204K	50x	as long as short
Variational Omni XAU	+0.0109%	4h	4,335.3	+0.049%	$48.3M	$27.5M	—	as long as short
Aster XAUUSD1short	+0.0110%	4h	4,337.7	+0.104%	$71.4M	$331.3M	20x
Aevo XAU-PERP	+0.0112%	1h	4,336	+0.065%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0118%	4h	4,336.7	+0.081%	$367.5M	$320.0M	1000x	as long as short
Binance XAUUSDT	+0.0120%	4h	4,336.2	+0.070%	$417.6M	$2.10B	100x	as long as short
edgeX XAUUSDC	+0.0120%	4h	4,336.6	+0.079%	$30.2M	$58.3M	50x	as long as short
Phoenix GOLD	+0.0127%	1h	4,341.6	+0.195%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0132%	4h	4,340	+0.156%	$1.4M	$2.9M	25x	as long as short
Bullet GOLD-USD	+0.0164%	1h	4,336.8	+0.083%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0171%	1h	4,336.1	+0.068%	$4.2M	$2.0M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0247%	1h	4,333.5	+0.008%	$590K	$129K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0258%	1h	4,335.1	+0.045%	$202K	$823K	25x	as long as short
HTX XAU-USDT	+0.0260%	4h	4,339.3	+0.140%	$2.8M	$4.7M	75x	as long as short
Bitget XAUUSDT	+0.0282%	4h	4,337.2	+0.094%	$71.8M	$108.6M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0340%	8h	4,336.3	+0.072%	$170.0M	$286.0M	100x	as long as short
Phemex XAUUSDT	+0.0346%	4h	4,340.2	+0.163%	$2.2M	$960K	100x	as long as short
BloFin XAU-USDT	+0.0375%	4h	4,337.4	+0.096%	$15.9M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0449% / S −0.0284%	1h	4,336.6	+0.080%	$250K	—	111x	as long as short