Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0049%/8h= +5.4% APRpaid last 24h +0.013%

Price spread now: Aster against Hotstuff+0.135%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hotstuff Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · Aster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aster is 0.135% dearer against Hotstuff than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff GOLD-PERP	4,320.1	0.0016	pay 0.0002% / 1h	17m 14s	$32K	—	25x
Short	Aster XAUUSD1	4,325.9	0.0065	get 0.0032% / 4h	1h 17m	$72.5M	$274.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Hotstuff. 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 HotstuffbpFee AsterbpOrdersPrice spread, now +0.135%Rate

Funding earned: $10.28
Price spread: +0.135% → 0.000%: $13.5
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: $10.78
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Hotstuff: no order-book sample; Aster: live order book, 2 min ago. Net counts fees only.

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 Hotstuff no order-book sample	—	—	—	—	—
Sell Aster live order book, 2 min ago	0.01 bp	4.0 bp −$4	4.4 bp −$44	22.7 bp −$2,269	doesn't fit

Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0066%	1h	4,317	−0.072%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,327.8	+0.178%	$92K	$7.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,319.9	−0.006%	$270K	—	250x	as long as short
Hotstuff GOLD-PERPlong	+0.0016%	1h	4,320.1	long leg	$32K	—	25x
Bybit XAUUSDT	+0.0022%	4h	4,324.9	+0.112%	$77.3M	$154.4M	150x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.702%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,323.4	+0.076%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,323.3	+0.074%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,356	+0.831%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,320.1	0.000%	$291.6M	$51.3M	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	4,320	−0.003%	$15.0M	$55.5M	25x	as long as short
Aster XAUUSD1short	+0.0065%	4h	4,325.9	+0.135%	$72.5M	$274.4M	20x
Lighter XAU	+0.0072%	1h	4,323	+0.068%	$20.3M	$30.7M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,319.1	−0.023%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0077%	8h	4,324.1	+0.091%	$2K	$14K	5x	as long as short
Kalshi KXGOLDPERP	+0.0079%	24h	4,325.5	+0.125%	$3.8M	$43.9M	15x	as long as short
GRVT XAU_USDT_Perp	+0.0090%	4h	4,323.2	+0.072%	$1.4M	$3.0M	25x	as long as short
Variational Omni XAU	+0.0093%	4h	4,322.6	+0.058%	$47.3M	$28.8M	—	as long as short
Phoenix GOLD	+0.0100%	1h	4,321.6	+0.035%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,320.7	+0.014%	$1.4M	$1.2M	10x	as long as short
MEXC XAU_USDT	+0.0100%	4h	4,323.9	+0.089%	$373.2M	$333.0M	1000x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,319.8	−0.008%	$272K	$208K	50x	as long as short
Binance XAUUSDT	+0.0100%	4h	4,324	+0.090%	$423.3M	$2.14B	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,323.2	+0.072%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0111%	4h	4,317.6	−0.057%	$30.0M	$60.0M	50x	as long as short
Lighter RH XAU	+0.0112%	1h	4,325.4	+0.122%	$19.9M	$39.1M	25x	as long as short
Gate XAU_USDT	+0.0118%	4h	4,325.6	+0.128%	$281.8M	$421.9M	100x	as long as short
Extended XAU-USD	+0.0120%	1h	4,319.8	−0.008%	$12.9M	$37.0M	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0153%	1h	4,321.3	+0.027%	$578K	$146K	25x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,326.7	+0.153%	$4.1M	$12.8M	25x	as long as short
Bullet GOLD-USD	+0.0185%	1h	4,324	+0.090%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0214%	1h	4,323.8	+0.086%	$4.3M	$1.9M	20x	as long as short
Bitget XAUUSDT	+0.0222%	4h	4,323.5	+0.078%	$67.6M	$118.3M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0259%	1h	4,322.3	+0.051%	$191K	$838K	25x	as long as short
HTX XAU-USDT	+0.0269%	4h	4,327.7	+0.175%	$3.0M	$5.4M	75x	as long as short
OKX XAU-USDT-SWAP	+0.0301%	8h	4,324.5	+0.102%	$172.6M	$299.5M	100x	as long as short
Phemex XAUUSDT	+0.0323%	4h	4,325.6	+0.127%	$2.2M	$967K	100x	as long as short
BloFin XAU-USDT	+0.0340%	4h	4,323.9	+0.087%	$16.2M	$4.6M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0461% / S −0.0307%	1h	4,323.9	+0.088%	$253K	—	111x	as long as short