Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0009%/8h= −1.0% APRpaid last 24h +0.020%

Price spread now: Aster against tradeXYZ+0.071%7-day average +0.091% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$260.263% of the position

Long on tradeXYZ Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 7 days−0.024%−$2 · spread now +0.071%, 7d avg +0.091%

Together, before fees−0.030%+ Points / potential airdroptradeXYZ: Active · Aster: Stage 5 · farm board−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Aster is 0.021% cheaper against tradeXYZ than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.091%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:GOLD	4,345.2	0.0050	pay 0.0006% / 1h	2m 35s	$293.9M	$48.9M	25x
Short	Aster XAUUSD1	4,348.3	0.0041	get 0.0020% / 4h	1h 02m	$70.9M	$334.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against tradeXYZ. 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 tradeXYZbpFee AsterbpOrdersPrice spread, now +0.071%Rate

Funding earned: −$1.94
Price spread: +0.071% → +0.091%: −$2.07
Slippage, 4 orders: −$0.26
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Aster: 4 bp × 2 orders: −$8
Net: −$30.26
Costs to cover: 0.263%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 7 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 tradeXYZ live order book, 7 min ago	0.12 bp	9.1 bp −$9	9.6 bp −$96	11.2 bp −$1,124	doesn't fit
Sell Aster live order book, 2 min ago	0.01 bp	4.0 bp −$4	4.1 bp −$41	21.1 bp −$2,107	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
SunX XAU-USDT	0.0000%	4h	4,352.3	+0.163%	$92K	$9.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,344.4	−0.020%	$266K	—	250x	as long as short
Gate XAU_USDT	+0.0004%	4h	4,349.8	+0.105%	$264.5M	$418.3M	100x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,347.8	+0.060%	$3.4M	$12.3M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,343.7	−0.035%	$13.4M	$38.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.120%	$619	$54	52x	as long as short
Hotstuff GOLD-PERP	+0.0040%	1h	4,345	−0.005%	$33K	—	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,345.7	+0.012%	$3.8M	$4.6M	40x	as long as short
Aster XAUUSD1short	+0.0041%	4h	4,348.3	+0.071%	$70.9M	$334.1M	20x
Kalshi KXGOLDPERP	+0.0041%	24h	4,344.6	−0.014%	$4.1M	$37.1M	15x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,380.6	+0.815%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,347.3	+0.048%	$5.7M	$2.0M	20x	as long as short
Lighter XAU	+0.0048%	1h	4,346.2	+0.024%	$20.6M	$42.7M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,342.1	−0.071%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLDlong	+0.0050%	1h	4,345.2	long leg	$293.9M	$48.9M	25x
Ondo Perps XAU-USD.P	+0.0050%	1h	4,344.6	−0.014%	$15.1M	$56.8M	25x	as long as short
Lighter RH XAU	+0.0056%	1h	4,349.1	+0.089%	$20.1M	$39.9M	25x	as long as short
Variational Omni XAU	+0.0057%	4h	4,346	+0.019%	$48.5M	$27.7M	—	as long as short
GRVT XAU_USDT_Perp	+0.0058%	4h	4,346.5	+0.031%	$1.4M	$3.0M	25x	as long as short
MEXC XAU_USDT	+0.0074%	4h	4,347.8	+0.060%	$371.2M	$320.8M	1000x	as long as short
edgeX XAUUSDC	+0.0075%	4h	4,342.6	−0.061%	$30.2M	$58.6M	50x	as long as short
Binance XAUUSDT	+0.0076%	4h	4,348	+0.064%	$411.1M	$2.10B	100x	as long as short
Paradex XAU-USD-PERP	+0.0079%	8h	4,347.7	+0.057%	$19K	$5K	5x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,346.5	+0.031%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,344.1	−0.025%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,344.1	−0.026%	$274K	$203K	50x	as long as short
Polymarket Perps GOLD-USD	+0.0118%	1h	4,347.2	+0.046%	$4.3M	$1.9M	20x	as long as short
Phoenix GOLD	+0.0136%	1h	4,346	+0.018%	$47K	$77K	25x	as long as short
Bullet GOLD-USD	+0.0193%	1h	4,348.3	+0.071%	$60K	$83K	10x	as long as short
Phemex XAUUSDT	+0.0202%	4h	4,349.6	+0.102%	$2.2M	$1.1M	100x	as long as short
Bybit XAUUSDT	+0.0212%	4h	4,349.3	+0.095%	$84.3M	$145.4M	150x	as long as short
Bitget XAUUSDT	+0.0218%	4h	4,348.1	+0.067%	$70.2M	$109.4M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0256%	1h	4,347	+0.041%	$268K	$767K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0263%	8h	4,349.4	+0.097%	$165.4M	$283.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0270%	1h	4,345.2	0.000%	$593K	$133K	25x	as long as short
BloFin XAU-USDT	+0.0302%	4h	4,347.9	+0.061%	$15.7M	$4.6M	100x	as long as short
Bluefin GOLD-PERP	+0.0365%	1h	4,342	−0.074%	$25K	$14K	20x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0406% / S −0.0221%	1h	4,348.3	+0.071%	$248K	—	111x	as long as short
HTX XAU-USDT	+0.0594%	4h	4,352.4	+0.166%	$2.9M	$4.2M	75x	as long as short