Settings8H · net · $10k
Funding arb · Price arb /

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h +0.001%
Price spread now: ApeX Omni against Aster+0.110%109s7-day average −0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$430.431% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.054%+$5 on $10k
Price spread, last 4 days (all we have)−0.152%−$15 · spread now +0.110%, 7d avg −0.050%
Together, before fees−0.098%+ Points / potential airdropAster: Stage 5 · farm board−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and ApeX Omni is 0.159% dearer against Aster than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.050%. The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster XAUUSD14,308.80.0057pay 0.0029% / 4h7m 41s$72.8M$271.9M20x
ShortApeX Omni XAUUSDT4,313.50.0100get 0.0013% / 1h7m 41s$272K$209K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni 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

Funding earned
$9
Price spread: +0.110% → −0.050%
$15.95
Slippage, 4 orders
−$25.12
Fee Aster: 4 bp × 2 orders
−$8
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$18.18
Costs to cover
0.431%
Break-even
21.1 days
Slippage from Aster: live order book, 1 min ago; ApeX Omni: live order book, 29 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 1 min ago0.01 bp4.0 bp −$44.0 bp −$4013.7 bp −$1,366doesn't fit
Sell ApeX Omni live order book, 29 min ago5.20 bp16.4 bp −$1629.3 bp −$29340.5 bp −$4,051doesn't fit

XAU on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff GOLD-PERP−0.0032%1h4,308.8+0.001%$32K25xas long as short
SunX XAU-USDT0.0000%4h4,313.8+0.116%$92K$7.0M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,306.1−0.063%$268K250xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.966%$619$5452xas long as short
QFEX GOLD-USD+0.0045%1h4,309.3+0.012%$5.7M$2.7M20xas long as short
Vest GC-PERP+0.0046%1h4,343.2+0.799%$1.0M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,303.1−0.132%$290.0M$52.4M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,303.7−0.118%$15.0M$55.3M25xas long as short
Aster XAUUSD1long+0.0057%4h4,308.8long leg$72.8M$271.9M20x
Paradex XAU-USD-PERP+0.0063%8h4,306.9−0.044%$2K$14K5xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin GOLD-PERP+0.0063%1h4,305.1−0.086%$25K$1K20xas long as short
Bybit XAUUSDT+0.0071%4h4,308.2−0.014%$77.5M$154.8M150xas long as short
Lighter XAU+0.0072%1h4,306.4−0.056%$20.2M$30.2M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,306.4−0.055%$2.0M$5.1M25xas long as short
Phoenix GOLD+0.0096%1h4,313.9+0.119%$42K$79K25xas long as short
Kalshi KXGOLDPERP+0.0099%24h4,312.9+0.096%$3.7M$45.2M15xas long as short
Variational Omni XAU+0.0100%4h4,316.5+0.178%$47.1M$29.0Mas long as short
Pacifica XAU+0.0100%1h4,304.1−0.109%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDTshort+0.0100%1h4,313.5+0.110%$272K$209K50x
StandX XAU-USD+0.0103%1h4,320+0.260%$3.8M$4.5M40xas long as short
Lighter RH XAU+0.0104%1h4,308.9+0.004%$19.9M$40.2M25xas long as short
Extended XAU-USD+0.0104%1h4,303.1−0.132%$13.2M$36.6M25xas long as short
MEXC XAU_USDT+0.0108%4h4,307.3−0.035%$365.3M$339.7M1000xas long as short
Binance XAUUSDT+0.0110%4h4,306.8−0.046%$428.9M$2.15B100xas long as short
GRVT XAU_USDT_Perp+0.0112%4h4,316.1+0.169%$1.4M$3.0M25xas long as short
Aevo XAU-PERP+0.0112%1h4,309.5+0.016%$160K$8710xas long as short
Gate XAU_USDT+0.0116%4h4,309.1+0.008%$284.3M$429.8M100xas long as short
edgeX XAUUSDC+0.0127%4h4,313.1+0.101%$30.0M$59.8M50xas long as short
Bitget XAUUSDT+0.0190%4h4,306.8−0.046%$70.3M$121.2M100xas long as short
Bullet GOLD-USD+0.0199%1h4,310.7+0.044%$59K$81K10xas long as short
Polymarket Perps GOLD-USD+0.0221%1h4,311.1+0.054%$4.3M$1.8M20xas long as short
Kraken Futures PF_XAUUSD+0.0228%1h4,307.5−0.030%$573K$138K25xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0261%1h4,308.6−0.004%$136K$864K25xas long as short
OKX XAU-USDT-SWAP+0.0264%8h4,307.4−0.032%$175.1M$304.6M100xas long as short
BloFin XAU-USDT+0.0350%4h4,312.8+0.092%$16.5M$4.9M100xas long as short
Phemex XAUUSDT+0.0432%4h4,313.4+0.108%$2.2M$949K100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0465% / S −0.0312%1h4,310.7+0.044%$254K111xas long as short
HTX XAU-USDT+0.0537%4h4,318+0.214%$3.2M$6.1M75xas long as short
RISEx XAU/USDC+0.0643%1h4,307.4−0.033%$4.5M$13.1M25xas long as short