Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0101%/8h= +11.0% APRpaid last 24h −0.010%

Price spread now: Extended against Aster−0.126%7-day average −0.097% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$130.133% of the position

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 7 days+0.074%+$7 · spread now −0.126%, 7d avg −0.097%

Together, before fees+0.008%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board+$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.029% cheaper against Aster than usual: you would sell low and buy high (spread −0.126% now, against its 7-day average of −0.097%). If the spread goes back, that is −$3 on $10k: about 23 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.066%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAUUSD1	4,323.4	0.0059	pay 0.0030% / 4h	51m 36s	$72.7M	$272.8M	20x
Short	Extended XAU-USD	4,318	0.0160	get 0.0020% / 1h	51m 36s	$13.1M	$36.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.126%Rate

Funding earned: $21.12
Price spread: −0.126% → −0.097%: −$2.94
Slippage, 4 orders: −$0.26
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $4.92
Costs to cover: 0.133%
Break-even: 5.4 days

Slippage from Aster: live order book, 3 min ago; Extended: 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 Aster live order book, 3 min ago	0.01 bp	4.0 bp −$4	4.1 bp −$41	20.2 bp −$2,025	doesn't fit
Sell Extended live order book, 2 min ago	0.12 bp	2.6 bp −$3	3.6 bp −$36	8.1 bp −$809	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
Hotstuff GOLD-PERP	−0.0040%	1h	4,316.6	−0.158%	$32K	—	25x	as long as short
Bluefin GOLD-PERP	−0.0003%	1h	4,314.8	−0.200%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,325.8	+0.055%	$92K	$7.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,317.3	−0.143%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0027%	4h	4,322.9	−0.012%	$76.9M	$153.2M	150x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.624%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,323.2	−0.005%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,321.6	−0.042%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,353.1	+0.686%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,318.5	−0.114%	$291.6M	$51.6M	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	4,317.8	−0.130%	$15.0M	$55.6M	25x	as long as short
Aster XAUUSD1long	+0.0059%	4h	4,323.4	long leg	$72.7M	$272.8M	20x
Paradex XAU-USD-PERP	+0.0071%	8h	4,321.5	−0.044%	$2K	$14K	5x	as long as short
Lighter XAU	+0.0072%	1h	4,321.3	−0.049%	$20.3M	$28.9M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,317.8	−0.130%	$2.1M	$4.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0086%	24h	4,321.4	−0.047%	$3.8M	$44.4M	15x	as long as short
Variational Omni XAU	+0.0094%	4h	4,323.8	+0.008%	$47.3M	$29.1M	—	as long as short
Phoenix GOLD	+0.0096%	1h	4,320.8	−0.061%	$47K	$79K	25x	as long as short
Gate XAU_USDT	+0.0098%	4h	4,323.5	+0.001%	$279.5M	$409.8M	100x	as long as short
MEXC XAU_USDT	+0.0098%	4h	4,322	−0.033%	$364.1M	$324.9M	1000x	as long as short
Binance XAUUSDT	+0.0099%	4h	4,321.7	−0.040%	$425.3M	$2.14B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,318.3	−0.119%	$1.4M	$1.2M	10x	as long as short
GRVT XAU_USDT_Perp	+0.0100%	4h	4,323.9	+0.011%	$1.4M	$3.0M	25x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,316.9	−0.151%	$272K	$208K	50x	as long as short
edgeX XAUUSDC	+0.0102%	4h	4,317.9	−0.129%	$30.0M	$59.5M	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,320.7	−0.062%	$160K	$87	10x	as long as short
Lighter RH XAU	+0.0136%	1h	4,323.8	+0.008%	$20.0M	$38.7M	25x	as long as short
Extended XAU-USDshort	+0.0160%	1h	4,318	−0.126%	$13.1M	$36.8M	25x
Bitget XAUUSDT	+0.0202%	4h	4,321.9	−0.035%	$70.1M	$118.9M	100x	as long as short
Bullet GOLD-USD	+0.0206%	1h	4,321.2	−0.052%	$59K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0220%	1h	4,321.2	−0.052%	$4.3M	$2.0M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0228%	1h	4,318.4	−0.116%	$577K	$136K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0260%	1h	4,319.9	−0.082%	$163K	$864K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0289%	8h	4,322.7	−0.017%	$173.4M	$300.2M	100x	as long as short
BloFin XAU-USDT	+0.0341%	4h	4,322.3	−0.026%	$16.4M	$4.6M	100x	as long as short
HTX XAU-USDT	+0.0362%	4h	4,326.2	+0.064%	$3.2M	$5.8M	75x	as long as short
Phemex XAUUSDT	+0.0381%	4h	4,325.6	+0.050%	$2.2M	$975K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,321.5	−0.044%	$252K	—	111x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,323.1	−0.007%	$4.5M	$13.2M	25x	as long as short