Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0060%/8h= +6.5% APRpaid last 24h −0.002%

Price spread now: Aster against RISEx+0.023%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$150.154% of the position

Long on RISEx Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.023%−$2 on $10k

Price spread, last 7 days−0.026%−$3 · spread now +0.023%, 7d avg +0.002%

Together, before fees−0.049%+ Points / potential airdropAster: Stage 5 · farm board−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aster is 0.021% dearer against RISEx than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XAU/USDC	4,349.9	0	get 0.0000% / 1h	16m 39s	$3.4M	$12.2M	25x
Short	Aster XAUUSD1	4,350.9	0.0060	get 0.0030% / 4h	16m 39s	$71.2M	$333.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against RISEx. 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 RISExbpFee AsterbpOrdersPrice spread, now +0.023%Rate

Funding earned: $12.5
Price spread: +0.023% → +0.002%: $2.06
Slippage, 4 orders: −$1.43
Fee RISEx: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$0.87
Costs to cover: 0.154%
Break-even: 7.5 days

Slippage from RISEx: live order book, 3 min ago; Aster: live order book, 3 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 RISEx live order book, 3 min ago	0.67 bp	3.7 bp −$4	4.0 bp −$40	31.8 bp −$3,179	doesn't fit
Sell Aster live order book, 3 min ago	0.01 bp	4.1 bp −$4	5.2 bp −$52	31.8 bp −$3,182	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
RISEx XAU/USDClong	0.0000%	1h	4,349.9	long leg	$3.4M	$12.2M	25x
Gate XAU_USDT	0.0000%	4h	4,351.3	+0.031%	$265.2M	$416.2M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,353.8	+0.089%	$93K	$8.9M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,345.4	−0.104%	$272K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0016%	1h	4,347.3	−0.061%	$33K	—	25x	as long as short
Lighter XAU	+0.0032%	1h	4,349.1	−0.018%	$20.8M	$38.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,346.3	−0.084%	$13.2M	$38.3M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.011%	$619	$54	52x	as long as short
Lighter RH XAU	+0.0040%	1h	4,351.4	+0.033%	$20.1M	$39.3M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,349.9	−0.001%	$3.8M	$4.5M	40x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USD	+0.0041%	1h	4,349.5	−0.010%	$5.7M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,382.5	+0.749%	—	$1.0M	25x	as long as short
Kalshi KXGOLDPERP	+0.0048%	24h	4,348	−0.044%	$4.2M	$37.3M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,346.5	−0.079%	$2.0M	$4.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,347.5	−0.056%	$293.9M	$48.8M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,346.3	−0.084%	$15.1M	$56.8M	25x	as long as short
Aster XAUUSD1short	+0.0060%	4h	4,350.9	+0.023%	$71.2M	$333.1M	20x
Variational Omni XAU	+0.0077%	4h	4,349.2	−0.016%	$48.5M	$28.0M	—	as long as short
Paradex XAU-USD-PERP	+0.0080%	8h	4,350	+0.002%	$19K	$5K	5x	as long as short
MEXC XAU_USDT	+0.0088%	4h	4,350.2	+0.007%	$372.0M	$318.8M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0088%	4h	4,351.1	+0.027%	$1.4M	$2.9M	25x	as long as short
Binance XAUUSDT	+0.0089%	4h	4,350.2	+0.006%	$413.7M	$2.09B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,346.4	−0.082%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,348.9	−0.024%	$275K	$203K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,344.3	−0.129%	$25K	$14K	20x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,348.8	−0.027%	$161K	$87	10x	as long as short
edgeX XAUUSDC	+0.0105%	4h	4,346.9	−0.069%	$30.3M	$58.2M	50x	as long as short
Phoenix GOLD	+0.0142%	1h	4,349	−0.021%	$47K	$77K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0157%	1h	4,349.2	−0.017%	$4.3M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0186%	1h	4,349.5	−0.010%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0194%	1h	4,346.6	−0.076%	$593K	$132K	25x	as long as short
Phemex XAUUSDT	+0.0218%	4h	4,352.5	+0.058%	$2.2M	$967K	100x	as long as short
Bitget XAUUSDT	+0.0232%	4h	4,350.6	+0.016%	$70.1M	$109.3M	100x	as long as short
Bybit XAUUSDT	+0.0240%	4h	4,351.5	+0.036%	$85.3M	$145.1M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0294%	8h	4,351.5	+0.036%	$165.5M	$282.5M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0302%	1h	4,348.2	−0.040%	$206K	$824K	25x	as long as short
BloFin XAU-USDT	+0.0329%	4h	4,349.5	−0.010%	$15.6M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0417% / S −0.0237%	1h	4,349.6	−0.008%	$248K	—	111x	as long as short
HTX XAU-USDT	+0.0624%	4h	4,354.6	+0.106%	$2.9M	$4.3M	75x	as long as short