Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h +0.017%

Price spread now: Aster against StandX+0.022%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$220.220% of the position

Long on StandX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 on $10k

Price spread, last 7 days−0.026%−$3 · spread now +0.022%, 7d avg −0.012%

Together, before fees+0.018%+ Points / potential airdropStandX: Active · Aster: Stage 5 · farm board+$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.034% dearer against StandX than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of −0.012%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX XAU-USD	4,355.3	0.0040	pay 0.0005% / 1h	26m 04s	$3.8M	$4.7M	40x
Short	Aster XAUUSD1	4,356.3	0	get 0.0000% / 4h	1h 26m	$71.4M	$234.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against StandX. 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 StandXbpFee AsterbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$8.4
Price spread: +0.022% → −0.012%: $3.41
Slippage, 4 orders: −$6.03
Fee StandX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$27.02
Costs to cover: 0.220%
Break-even: never at this rate

Slippage from StandX: 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 StandX live order book, 3 min ago	1.61 bp	8.2 bp −$8	8.8 bp −$88	10.6 bp −$1,057	12.1 bp −$6,061
Sell Aster live order book, 3 min ago	0.01 bp	4.0 bp −$4	4.0 bp −$40	16.0 bp −$1,598	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
Kraken Futures PF_XAUUSD	−0.0175%	1h	4,352.9	−0.056%	$600K	$141K	25x	as long as short
Aster XAUUSD1short	0.0000%	4h	4,356.3	+0.022%	$71.4M	$234.3M	20x
Binance XAUUSDT	0.0000%	4h	4,355.4	+0.002%	$409.6M	$2.08B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,356.2	+0.021%	$82.6M	$141.2M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,355	−0.006%	$3.5M	$12.4M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,356.9	+0.037%	$271.9M	$409.2M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,355.1	−0.006%	$376.7M	$351.8M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,355.9	+0.014%	$67.0M	$110.2M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,353.8	−0.034%	$48.0M	$31.7M	—	as long as short
GRVT XAU_USDT_Perp	0.0000%	4h	4,355.7	+0.009%	$1.4M	$3.2M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXGOLDPERP	0.0000%	24h	4,352.5	−0.064%	$4.0M	$34.3M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,359.2	+0.090%	$93K	$10.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,351.9	−0.078%	$267K	—	250x	as long as short
QFEX GOLD-USD	+0.0002%	1h	4,354.8	−0.011%	$5.6M	$1.9M	20x	as long as short
tradeXYZ xyz:GOLD	+0.0010%	1h	4,350.9	−0.101%	$292.8M	$53.0M	25x	as long as short
edgeX XAUUSDC	+0.0016%	4h	4,350.8	−0.104%	$30.3M	$58.3M	50x	as long as short
Lighter XAU	+0.0032%	1h	4,354.8	−0.011%	$21.0M	$44.2M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,356.8	+0.034%	$20.2M	$41.9M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,352.2	−0.071%	$13.0M	$49.4M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.112%	$619	$54	52x	as long as short
StandX XAU-USDlong	+0.0040%	1h	4,355.3	long leg	$3.8M	$4.7M	40x
Vest GC-PERP	+0.0046%	1h	4,389.5	+0.785%	—	$1.0M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,355	−0.007%	$4.3M	$1.7M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,351	−0.098%	$14.4M	$55.7M	25x	as long as short
Paradex XAU-USD-PERP	+0.0050%	8h	4,355.1	−0.004%	$19K	$6K	5x	as long as short
Hotstuff GOLD-PERP	+0.0064%	1h	4,350.5	−0.110%	$33K	—	25x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,354.4	−0.020%	$161K	$87	10x	as long as short
HTX XAU-USDT	+0.0088%	4h	4,358.7	+0.079%	$2.8M	$3.8M	75x	as long as short
Bullet GOLD-USD	+0.0097%	1h	4,355.2	−0.002%	$60K	$85K	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,352.2	−0.071%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,353.3	−0.045%	$273K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,389.1	+0.777%	$26K	$21K	20x	as long as short
Phoenix GOLD	+0.0109%	1h	4,352.6	−0.062%	$48K	$65K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0156%	8h	4,356.4	+0.025%	$158.9M	$267.2M	100x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0208%	1h	4,352.9	−0.055%	$2.0M	$5.1M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0210%	1h	4,354.5	−0.018%	$221K	$760K	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,355.4	+0.003%	$14.8M	$4.3M	100x	as long as short
Phemex XAUUSDT	+0.0318%	4h	4,358.4	+0.072%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0388% / S −0.0197%	1h	4,355.1	−0.004%	$251K	—	111x	as long as short