Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0006%/8h= −0.6% APRpaid last 24h −0.005%

Price spread now: Aster against Aevo+0.066%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$390.394% of the position

Long on Aevo Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.062%−$6 on $10k

Price spread, last 4 days (all we have)−0.092%−$9 · spread now +0.066%, 7d avg +0.022%

Together, before fees−0.154%+ Points / potential airdropAster: Stage 5 · farm board−$15 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.044% dearer against Aevo than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo XAU-PERP	4,349.5	0.0112	pay 0.0014% / 1h	46m 01s	$161K	$87	10x
Short	Aster XAUUSD1	4,352.4	0.0106	get 0.0053% / 4h	2h 46m	$71.6M	$331.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Aevo. 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 AevobpFee AsterbpOrdersPrice spread, now +0.066%Rate

Funding earned: −$1.24
Price spread: +0.066% → +0.022%: $4.4
Slippage, 4 orders: −$15.38
Fee Aevo: 8 bp × 2 orders: −$16
Fee Aster: 4 bp × 2 orders: −$8
Net: −$36.23
Costs to cover: 0.394%
Break-even: never at this rate

Slippage from Aevo: 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 Aevo live order book, 3 min ago	5.21 bp	14.9 bp −$15	29.2 bp −$292	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	0.01 bp	4.0 bp −$4	4.7 bp −$47	33.2 bp −$3,320	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
Bluefin GOLD-PERP	−0.0052%	1h	4,344.4	−0.117%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,354.9	+0.124%	$93K	$8.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,346.3	−0.074%	$272K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0024%	1h	4,346.8	−0.062%	$33K	—	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,346.1	−0.079%	$13.2M	$37.3M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.021%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,351.5	+0.046%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,348.9	−0.014%	$5.5M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,383.2	+0.775%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,346.7	−0.064%	$293.7M	$49.5M	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.P	+0.0050%	1h	4,347.3	−0.051%	$15.1M	$56.7M	25x	as long as short
RISEx XAU/USDC	+0.0054%	1h	4,350.8	+0.030%	$3.7M	$12.6M	25x	as long as short
Kalshi KXGOLDPERP	+0.0054%	24h	4,349.3	−0.005%	$4.2M	$39.4M	15x	as long as short
Lighter XAU	+0.0056%	1h	4,349	−0.012%	$20.7M	$30.4M	25x	as long as short
Bybit XAUUSDT	+0.0067%	4h	4,351.1	+0.037%	$80.2M	$151.6M	150x	as long as short
Paradex XAU-USD-PERP	+0.0070%	8h	4,350.6	+0.026%	$19K	$5K	5x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,348.6	−0.021%	$2.1M	$4.7M	25x	as long as short
Gate XAU_USDT	+0.0074%	4h	4,351.7	+0.050%	$271.8M	$397.5M	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,346.9	−0.060%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,346.9	−0.059%	$277K	$204K	50x	as long as short
Lighter RH XAU	+0.0104%	1h	4,351.4	+0.044%	$20.1M	$38.1M	25x	as long as short
Aster XAUUSD1short	+0.0106%	4h	4,352.4	+0.066%	$71.6M	$331.2M	20x
Variational Omni XAU	+0.0107%	4h	4,349.4	−0.003%	$48.5M	$27.6M	—	as long as short
Aevo XAU-PERPlong	+0.0112%	1h	4,349.5	long leg	$161K	$87	10x
MEXC XAU_USDT	+0.0118%	4h	4,350.5	+0.024%	$370.2M	$318.0M	1000x	as long as short
Binance XAUUSDT	+0.0118%	4h	4,350.5	+0.023%	$418.8M	$2.09B	100x	as long as short
GRVT XAU_USDT_Perp	+0.0124%	4h	4,350	+0.012%	$1.4M	$2.9M	25x	as long as short
Phoenix GOLD	+0.0127%	1h	4,347.7	−0.041%	$47K	$77K	25x	as long as short
edgeX XAUUSDC	+0.0132%	4h	4,345.7	−0.087%	$30.2M	$58.1M	50x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0141%	1h	4,348.6	−0.021%	$203K	$822K	25x	as long as short
Bullet GOLD-USD	+0.0158%	1h	4,350.1	+0.015%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0167%	1h	4,350	+0.012%	$4.3M	$2.0M	20x	as long as short
Phemex XAUUSDT	+0.0200%	4h	4,352.9	+0.077%	$2.2M	$967K	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0246%	1h	4,347.2	−0.053%	$591K	$128K	25x	as long as short
HTX XAU-USDT	+0.0266%	4h	4,352.4	+0.066%	$2.8M	$4.6M	75x	as long as short
Bitget XAUUSDT	+0.0278%	4h	4,350.9	+0.031%	$71.5M	$107.9M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0335%	8h	4,351.6	+0.048%	$168.1M	$282.2M	100x	as long as short
BloFin XAU-USDT	+0.0371%	4h	4,349.2	−0.006%	$15.8M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0428% / S −0.0252%	1h	4,350.1	+0.015%	$251K	—	111x	as long as short