Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0073%/8h= +8.0% APRpaid last 24h +0.029%

Price spread now: Aster against gTrade (Gains Network)+0.115%7-day average +0.102% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$274as in the Price arb table

costs, in and out, $10k−$2752.751% of the position

Long on gTrade (Gains Network)Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.043%+$4 on $10k

Price spread, last 4 days (all we have)−0.068%−$7 · spread now +0.115%, 7d avg +0.102%

Together, before fees−0.025%+ Points / potential airdropAster: Stage 5 · farm board−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.102%, 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	gTrade (Gains Network) XAU/USD	4,336.9	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	41m 04s	$271K	—	250x
Short	Aster XAUUSD1	4,341.9	0.0076	get 0.0038% / 4h	3h 41m	$71.4M	$332.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee AsterbpOrdersPrice spread, now +0.115%Rate

Funding earned: $15.43
Price spread: +0.115% → +0.102%: $1.27
Slippage, 4 orders: −$260.05
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$258.35
Costs to cover: 2.751%
Break-even: 124.2 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 43 min ago; Aster: live order book, 3 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 gTrade (Gains Network) virtual book (oracle venue), 43 min ago	130.01 bp	133.5 bp −$134	196.7 bp −$1,967	1352.9 bp −$135.3K	5907.8 bp −$2.95M
Sell Aster live order book, 3 min ago	0.01 bp	4.0 bp −$4	4.5 bp −$45	30.9 bp −$3,091	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	−0.0120%	1h	4,338.9	+0.047%	$33K	—	25x	as long as short
Bluefin GOLD-PERP	−0.0012%	1h	4,335.4	−0.035%	$25K	$14K	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,342.4	+0.128%	$267.7M	$413.8M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,345.3	+0.193%	$92K	$8.7M	20x	as long as short
gTrade (Gains Network) XAU/USDlong	L +0.0002% / S −0.0003%	1h	4,336.9	long leg	$271K	—	250x
RISEx XAU/USDC	+0.0005%	1h	4,339.9	+0.069%	$3.5M	$12.1M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,336.8	−0.002%	$13.3M	$37.8M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.312%	$619	$54	52x	as long as short
Lighter XAU	+0.0040%	1h	4,339.7	+0.065%	$20.8M	$34.5M	25x	as long as short
Lighter RH XAU	+0.0040%	1h	4,341.8	+0.113%	$20.0M	$39.3M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAU-USD	+0.0040%	1h	4,343.7	+0.157%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,338.9	+0.047%	$5.7M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,373.4	+0.842%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,338.3	+0.033%	$293.5M	$49.3M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,337.2	+0.008%	$15.1M	$56.9M	25x	as long as short
Kalshi KXGOLDPERP	+0.0051%	24h	4,338.4	+0.035%	$4.3M	$37.5M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,339.7	+0.065%	$2.1M	$4.8M	25x	as long as short
Bybit XAUUSDT	+0.0059%	4h	4,341.6	+0.109%	$80.4M	$151.4M	150x	as long as short
Aster XAUUSD1short	+0.0076%	4h	4,341.9	+0.115%	$71.4M	$332.3M	20x
Paradex XAU-USD-PERP	+0.0083%	8h	4,340.4	+0.080%	$19K	$5K	5x	as long as short
Variational Omni XAU	+0.0087%	4h	4,340.5	+0.082%	$48.3M	$27.7M	—	as long as short
Pacifica XAU	+0.0100%	1h	4,337	+0.003%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,339.3	+0.055%	$274K	$203K	50x	as long as short
MEXC XAU_USDT	+0.0102%	4h	4,341	+0.096%	$369.5M	$319.1M	1000x	as long as short
Binance XAUUSDT	+0.0103%	4h	4,341	+0.095%	$416.9M	$2.09B	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,340.5	+0.084%	$161K	$87	10x	as long as short
edgeX XAUUSDC	+0.0110%	4h	4,337.2	+0.007%	$30.2M	$58.3M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,339.8	+0.067%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0174%	4h	4,343.4	+0.151%	$1.4M	$2.9M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0211%	1h	4,339.3	+0.056%	$205K	$827K	25x	as long as short
Bullet GOLD-USD	+0.0215%	1h	4,341.2	+0.100%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0218%	1h	4,340.8	+0.090%	$4.3M	$1.9M	20x	as long as short
Bitget XAUUSDT	+0.0246%	4h	4,341.4	+0.104%	$71.0M	$109.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,338.2	+0.030%	$592K	$132K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0319%	8h	4,341.7	+0.111%	$166.4M	$281.6M	100x	as long as short
Phemex XAUUSDT	+0.0365%	4h	4,344.1	+0.166%	$2.2M	$967K	100x	as long as short
BloFin XAU-USDT	+0.0366%	4h	4,341.7	+0.112%	$15.6M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0427% / S −0.0252%	1h	4,341.2	+0.100%	$250K	—	111x	as long as short
HTX XAU-USDT	+0.0581%	4h	4,345.7	+0.204%	$2.8M	$4.6M	75x	as long as short