Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0101%/8h= −11.0% APRpaid last 24h +0.002%

Price spread now: Aster against Polymarket Perps+0.111%7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$180.185% of the position

Long on Polymarket Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 7 days−0.046%−$5 · spread now +0.111%, 7d avg +0.082%

Together, before fees−0.019%+ Points / potential airdropAster: Stage 5 · farm board−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.029% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.111% now, against its 7-day average of +0.082%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 23 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps GOLD-USD	4,373.8	0.0101	pay 0.0013% / 1h	56m 54s	$4.3M	$1.8M	20x
Short	Aster XAUUSD1	4,378.7	0	get 0.0000% / 4h	3h 56m	$72.0M	$218.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Polymarket 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 Polymarket PerpsbpFee AsterbpOrdersPrice spread, now +0.111%Rate

Funding earned: −$21.13
Price spread: +0.111% → +0.082%: $2.91
Slippage, 4 orders: −$2.48
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$36.71
Costs to cover: 0.185%
Break-even: never at this rate

Slippage from Polymarket Perps: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Polymarket Perps live order book, 2 min ago	1.03 bp	5.0 bp −$5	5.2 bp −$52	6.1 bp −$605	doesn't fit
Sell Aster live order book, 2 min ago	0.01 bp	4.3 bp −$4	6.8 bp −$68	119.1 bp −$11.9K	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
Phoenix GOLD	−0.0004%	1h	4,368.5	−0.121%	$48K	$64K	25x	as long as short
Aster XAUUSD1short	0.0000%	4h	4,378.7	+0.111%	$72.0M	$218.3M	20x
Binance XAUUSDT	0.0000%	4h	4,378.8	+0.115%	$410.7M	$2.14B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,379.8	+0.137%	$82.1M	$143.4M	150x	as long as short
Gate XAU_USDT	0.0000%	4h	4,379.7	+0.135%	$267.0M	$405.9M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,379	+0.119%	$374.3M	$319.5M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,378.4	+0.105%	$69.8M	$114.5M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,372.6	−0.027%	$48.6M	$28.4M	—	as long as short
GRVT XAU_USDT_Perp	0.0000%	4h	4,373.8	0.000%	$1.4M	$3.2M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,373	−0.018%	$4.0M	$36.5M	15x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX XAU-USDT	0.0000%	4h	4,378.7	+0.112%	$93K	$10.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,373.7	−0.003%	$268K	—	250x	as long as short
edgeX XAUUSDC	+0.0008%	4h	4,366.5	−0.167%	$30.4M	$59.5M	50x	as long as short
Lighter RH XAU	+0.0032%	1h	4,379	+0.118%	$20.2M	$40.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.535%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,373.2	−0.014%	$3.8M	$4.7M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,372.3	−0.034%	$5.6M	$1.9M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,409.2	+0.809%	—	$1.0M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0047%	1h	4,375	+0.027%	$236K	$674K	25x	as long as short
RISEx XAU/USDC	+0.0048%	1h	4,374.2	+0.010%	$3.4M	$12.3M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,374.9	+0.025%	$294.9M	$53.0M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,370.1	−0.085%	$14.7M	$57.1M	25x	as long as short
Paradex XAU-USD-PERP	+0.0061%	8h	4,374.9	+0.025%	$19K	$5K	5x	as long as short
Lighter XAU	+0.0064%	1h	4,376	+0.051%	$20.7M	$42.9M	25x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,372.7	−0.026%	$162K	$87	10x	as long as short
Extended XAU-USD	+0.0096%	1h	4,375.3	+0.035%	$13.2M	$44.4M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,373.1	−0.016%	$2.0M	$5.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,370.7	−0.071%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,370.4	−0.078%	$277K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,369.2	−0.105%	$26K	$22K	20x	as long as short
Polymarket Perps GOLD-USDlong	+0.0101%	1h	4,373.8	long leg	$4.3M	$1.8M	20x
Hotstuff GOLD-PERP	+0.0128%	1h	4,371.1	−0.062%	$33K	—	25x	as long as short
OKX XAU-USDT-SWAP	+0.0163%	8h	4,380.2	+0.146%	$158.6M	$276.9M	100x	as long as short
Phemex XAUUSDT	+0.0176%	4h	4,378.2	+0.100%	$2.2M	$1.1M	100x	as long as short
Bullet GOLD-USD	+0.0189%	1h	4,377.4	+0.081%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,373.4	−0.010%	$603K	$147K	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,376.2	+0.056%	$14.8M	$4.6M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0390% / S −0.0197%	1h	4,377.4	+0.083%	$252K	—	111x	as long as short
HTX XAU-USDT	+0.0434%	4h	4,380.8	+0.159%	$2.9M	$3.8M	75x	as long as short