Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0080%/8h= +8.7% APRpaid last 24h +0.008%

Price spread now: Lighter RH against Aster−0.009%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$8as in the Price arb table

costs, in and out, $10k−$90.092% of the position

Long on Aster Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 7 days−0.027%−$3 · spread now −0.009%, 7d avg −0.018%

Together, before fees−0.066%+ Points / potential airdropAster: Stage 5 · Lighter RH: Points live · farm board−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.018%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAUUSD1	4,327	0.0072	pay 0.0036% / 4h	2h 12m	$73.6M	$274.4M	20x
Short	Lighter RH XAU	4,326.6	0.0152	get 0.0019% / 1h	12m 32s	$19.8M	$40.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.009%Rate

Funding earned: $16.75
Price spread: −0.009% → −0.018%: $0.88
Slippage, 4 orders: −$1.21
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $8.43
Costs to cover: 0.092%
Break-even: 3.5 days

Slippage from Aster: live order book, 5 min ago; Lighter RH: live order book, 5 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	4.0 bp −$40	23.2 bp −$2,324	doesn't fit
Sell Lighter RH live order book, 5 min ago	0.41 bp	0.4 bp $0	0.5 bp −$5	3.8 bp −$375	doesn't fit

XAU on 39 exchanges

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	0.0000%	1h	4,321.8	−0.121%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,328.7	+0.038%	$92K	$6.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,320.2	−0.158%	$274K	—	250x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0024%	1h	4,320	−0.163%	$2.0M	$5.1M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.540%	$619	$54	52x	as long as short
QFEX GOLD-USD	+0.0038%	1h	4,323.7	−0.077%	$6.7M	$3.2M	20x	as long as short
StandX XAU-USD	+0.0040%	1h	4,324.5	−0.059%	$3.8M	$4.5M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,357.8	+0.711%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,322.8	−0.098%	$291.9M	$52.7M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,320.5	−0.152%	$15.0M	$57.5M	25x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XAU-USD-PERP	+0.0055%	8h	4,324	−0.071%	$2K	$13K	5x	as long as short
RISEx XAU/USDC	+0.0056%	1h	4,326	−0.024%	$4.6M	$13.5M	25x	as long as short
Aster XAUUSD1long	+0.0072%	4h	4,327	long leg	$73.6M	$274.4M	20x
Phoenix GOLD	+0.0076%	1h	4,321.2	−0.135%	$43K	$72K	25x	as long as short
Gate XAU_USDT	+0.0088%	4h	4,326.8	−0.006%	$300.8M	$446.1M	100x	as long as short
Variational Omni XAU	+0.0090%	4h	4,322.8	−0.098%	$47.1M	$29.3M	—	as long as short
Lighter XAU	+0.0096%	1h	4,323.8	−0.074%	$20.2M	$30.0M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,320.7	−0.147%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,319.4	−0.178%	$283K	$223K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,318.4	−0.200%	$25K	$1K	20x	as long as short
Bybit XAUUSDT	+0.0109%	4h	4,326.3	−0.018%	$80.5M	$170.6M	150x	as long as short
MEXC XAU_USDT	+0.0112%	4h	4,325.2	−0.043%	$359.0M	$360.6M	1000x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,323.3	−0.086%	$160K	$87	10x	as long as short
Binance XAUUSDT	+0.0113%	4h	4,325.2	−0.042%	$440.5M	$2.37B	100x	as long as short
GRVT XAU_USDT_Perp	+0.0114%	4h	4,321.4	−0.131%	$1.4M	$3.0M	25x	as long as short
edgeX XAUUSDC	+0.0118%	4h	4,319.8	−0.167%	$30.2M	$66.4M	50x	as long as short
Kalshi KXGOLDPERP	+0.0131%	24h	4,324.8	−0.052%	$3.5M	$49.7M	15x	as long as short
Polymarket Perps GOLD-USD	+0.0139%	1h	4,325.1	−0.045%	$4.3M	$1.7M	20x	as long as short
Extended XAU-USD	+0.0144%	1h	4,320.5	−0.150%	$12.7M	$34.8M	25x	as long as short
Lighter RH XAUshort	+0.0152%	1h	4,326.6	−0.009%	$19.8M	$40.5M	25x
Deribit GOLD_USDC-PERPETUAL	+0.0167%	1h	4,322.4	−0.107%	$135K	$748K	25x	as long as short
Bullet GOLD-USD	+0.0201%	1h	4,326.2	−0.019%	$59K	$76K	10x	as long as short
Bitget XAUUSDT	+0.0214%	4h	4,325.5	−0.036%	$74.2M	$134.0M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0244%	8h	4,326.2	−0.019%	$170.7M	$353.7M	100x	as long as short
BloFin XAU-USDT	+0.0353%	4h	4,324.6	−0.058%	$16.2M	$5.3M	100x	as long as short
Phemex XAUUSDT	+0.0400%	4h	4,325.5	−0.037%	$2.2M	$783K	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0412%	1h	4,320.8	−0.145%	$581K	$165K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0458% / S −0.0306%	1h	4,324.1	−0.068%	$252K	—	111x	as long as short
HTX XAU-USDT	+0.1129%	4h	4,331.3	+0.098%	$3.2M	$7.0M	75x	as long as short