Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0045%/8h= +4.9% APRpaid last 24h +0.011%

Price spread now: Aster against Extended+0.115%7-day average +0.096% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$130.134% of the position

Long on Extended Short on Aster

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−0.062%−$6 · spread now +0.115%, 7d avg +0.096%

Together, before fees+0.004%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.096%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XAU-USD	4,320.5	0.0032	pay 0.0004% / 1h	43m 42s	$13.2M	$36.7M	25x
Short	Aster XAUUSD1	4,325.5	0.0077	get 0.0038% / 4h	1h 43m	$72.5M	$301.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now +0.115%Rate

Funding earned: $9.37
Price spread: +0.115% → +0.096%: $1.89
Slippage, 4 orders: −$0.42
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$2.16
Costs to cover: 0.134%
Break-even: 8.6 days

Slippage from Extended: live order book, 5 min ago; Aster: 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 Extended live order book, 5 min ago	0.12 bp	2.6 bp −$3	3.0 bp −$30	5.5 bp −$546	25.3 bp −$12.7K
Sell Aster live order book, 5 min ago	0.01 bp	4.0 bp −$4	4.3 bp −$43	19.7 bp −$1,973	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	−0.0115%	1h	4,317.5	−0.070%	$25K	$14K	20x	as long as short
Hotstuff GOLD-PERP	0.0000%	1h	4,318.6	−0.044%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,327.4	+0.159%	$92K	$7.9M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,320.4	−0.003%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0009%	4h	4,325	+0.103%	$77.4M	$156.8M	150x	as long as short
Extended XAU-USDlong	+0.0032%	1h	4,320.5	long leg	$13.2M	$36.7M	25x
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.692%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,323.3	+0.065%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,322.3	+0.041%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,356.2	+0.826%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	4,320.8	+0.007%	$291.5M	$51.7M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,319.2	−0.030%	$15.0M	$55.7M	25x	as long as short
Lighter XAU	+0.0056%	1h	4,323.8	+0.076%	$20.3M	$30.4M	25x	as long as short
Kalshi KXGOLDPERP	+0.0071%	24h	4,325.3	+0.111%	$3.9M	$43.4M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,319.7	−0.019%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0073%	8h	4,324.5	+0.093%	$19K	$5K	5x	as long as short
Aster XAUUSD1short	+0.0077%	4h	4,325.5	+0.115%	$72.5M	$301.0M	20x
GRVT XAU_USDT_Perp	+0.0084%	4h	4,319.7	−0.019%	$1.4M	$3.0M	25x	as long as short
Gate XAU_USDT	+0.0088%	4h	4,326.2	+0.131%	$282.4M	$412.7M	100x	as long as short
Variational Omni XAU	+0.0095%	4h	4,320.7	+0.005%	$47.3M	$29.2M	—	as long as short
Lighter RH XAU	+0.0096%	1h	4,325.9	+0.125%	$19.8M	$38.5M	25x	as long as short
Phoenix GOLD	+0.0100%	1h	4,319.8	−0.016%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,320.9	+0.010%	$1.4M	$1.2M	10x	as long as short
MEXC XAU_USDT	+0.0100%	4h	4,324	+0.080%	$362.1M	$327.8M	1000x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,317.3	−0.074%	$272K	$208K	50x	as long as short
Binance XAUUSDT	+0.0101%	4h	4,324	+0.080%	$415.7M	$2.14B	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,323	+0.057%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0110%	4h	4,318.5	−0.047%	$30.0M	$61.4M	50x	as long as short
Kraken Futures PF_XAUUSD	+0.0153%	1h	4,320.8	+0.007%	$584K	$134K	25x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,326.2	+0.132%	$4.2M	$12.8M	25x	as long as short
Bullet GOLD-USD	+0.0190%	1h	4,323.7	+0.074%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0215%	1h	4,323.8	+0.076%	$4.3M	$1.9M	20x	as long as short
HTX XAU-USDT	+0.0220%	4h	4,326.5	+0.139%	$2.8M	$4.9M	75x	as long as short
Bitget XAUUSDT	+0.0234%	4h	4,324	+0.080%	$68.0M	$119.3M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0314%	8h	4,325	+0.104%	$170.4M	$297.5M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0329%	1h	4,324	+0.081%	$192K	$831K	25x	as long as short
BloFin XAU-USDT	+0.0342%	4h	4,323.3	+0.063%	$16.1M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0386%	4h	4,325.9	+0.124%	$2.2M	$966K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0463% / S −0.0307%	1h	4,323.8	+0.076%	$253K	—	111x	as long as short