Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h −0.003%

Price spread now: Aevo against Aster−0.061%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$380.379% of the position

Long on Aster Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.056%+$6 on $10k

Price spread, last 3 days (all we have)+0.086%+$9 · spread now −0.061%, 7d avg −0.019%

Together, before fees+0.142%+ Points / potential airdropAster: Stage 5 · farm board+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aevo is 0.042% cheaper against Aster than usual: you would sell low and buy high (spread −0.061% now, against its 7-day average of −0.019%). If the spread goes back, that is −$4 on $10k: about 42 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.056% in total) that is about 5.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAUUSD1	4,372.6	0	get 0.0000% / 4h	14m 38s	$71.9M	$224.8M	20x
Short	Aevo XAU-PERP	4,369.9	0.0080	get 0.0010% / 1h	14m 38s	$162K	$87	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Aster. 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 AsterbpFee AevobpOrdersPrice spread, now −0.061%Rate

Funding earned: $16.8
Price spread: −0.061% → −0.019%: −$4.16
Slippage, 4 orders: −$13.94
Fee Aster: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$25.29
Costs to cover: 0.379%
Break-even: 17.5 days

Slippage from Aster: live order book, 5 min ago; Aevo: live order book, 64 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 Aster live order book, 5 min ago	0.01 bp	4.0 bp −$4	4.9 bp −$49	21.6 bp −$2,163	doesn't fit
Sell Aevo live order book, 64 min ago	5.76 bp	14.9 bp −$15	27.6 bp −$276	doesn't fit	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	−0.0230%	1h	4,363.3	−0.213%	$26K	$22K	20x	as long as short
Hotstuff GOLD-PERP	−0.0008%	1h	4,366.9	−0.130%	$33K	—	25x	as long as short
Phoenix GOLD	−0.0004%	1h	4,370.3	−0.052%	$48K	$65K	25x	as long as short
Aster XAUUSD1long	0.0000%	4h	4,372.6	long leg	$71.9M	$224.8M	20x
Binance XAUUSDT	0.0000%	4h	4,372	−0.014%	$410.9M	$2.14B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,372.7	+0.003%	$82.8M	$142.6M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,371	−0.036%	$3.4M	$12.3M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,372.3	−0.006%	$267.5M	$417.7M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,372.1	−0.011%	$376.3M	$324.2M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,372.4	−0.004%	$69.6M	$113.3M	100x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XAU	0.0000%	4h	4,370.5	−0.048%	$48.5M	$29.3M	—	as long as short
GRVT XAU_USDT_Perp	0.0000%	4h	4,371	−0.035%	$1.4M	$3.1M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,368.2	−0.100%	$4.0M	$36.2M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,375	+0.054%	$93K	$10.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,366.5	−0.139%	$268K	—	250x	as long as short
edgeX XAUUSDC	+0.0009%	4h	4,365.9	−0.154%	$30.4M	$59.4M	50x	as long as short
QFEX GOLD-USD	+0.0032%	1h	4,370	−0.059%	$5.4M	$1.9M	20x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.507%	$619	$54	52x	as long as short
Lighter XAU	+0.0040%	1h	4,371.2	−0.032%	$20.8M	$44.9M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,371.8	−0.018%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,404.8	+0.737%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,368.4	−0.096%	$294.3M	$52.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,368.6	−0.091%	$14.7M	$57.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0055%	8h	4,372.4	−0.003%	$19K	$5K	5x	as long as short
Lighter RH XAU	+0.0056%	1h	4,373.8	+0.027%	$20.2M	$42.3M	25x	as long as short
Extended XAU-USD	+0.0064%	1h	4,367.6	−0.113%	$13.1M	$45.5M	25x	as long as short
Aevo XAU-PERPshort	+0.0080%	1h	4,369.9	−0.061%	$162K	$87	10x
Pacifica XAU	+0.0100%	1h	4,368.5	−0.093%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,368.6	−0.092%	$277K	$204K	50x	as long as short
Polymarket Perps GOLD-USD	+0.0104%	1h	4,370	−0.059%	$4.3M	$1.8M	20x	as long as short
Bullet GOLD-USD	+0.0111%	1h	4,370.7	−0.043%	$59K	$81K	10x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0152%	1h	4,367.2	−0.123%	$2.0M	$5.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0162%	8h	4,373	+0.010%	$158.6M	$274.6M	100x	as long as short
HTX XAU-USDT	+0.0186%	4h	4,377	+0.101%	$2.8M	$3.8M	75x	as long as short
Kraken Futures PF_XAUUSD	+0.0219%	1h	4,368.1	−0.102%	$603K	$137K	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,370.9	−0.039%	$14.8M	$4.5M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0254%	1h	4,369.8	−0.064%	$235K	$736K	25x	as long as short
Phemex XAUUSDT	+0.0320%	4h	4,370.9	−0.039%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,370.7	−0.043%	$252K	—	111x	as long as short