Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0093%/8h= +10.2% APRpaid last 24h −0.006%

Price spread now: Aster against RISEx−0.003%7-day average +0.003% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$150.145% of the position

Long on RISEx Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.020%−$2 on $10k

Price spread, last 7 days−0.005%$0 · spread now −0.003%, 7d avg +0.003%

Together, before fees−0.024%+ 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 +0.003%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XAU/USDC	4,346.6	0.0005	pay 0.0001% / 1h	5m 18s	$3.7M	$12.5M	25x
Short	Aster XAUUSD1	4,346.5	0.0098	get 0.0049% / 4h	3h 05m	$71.5M	$331.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against RISEx. 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 RISExbpFee AsterbpOrdersPrice spread, now −0.003%Rate

Funding earned: $19.53
Price spread: −0.003% → +0.003%: −$0.59
Slippage, 4 orders: −$0.51
Fee RISEx: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: $4.43
Costs to cover: 0.145%
Break-even: 5.4 days

Slippage from RISEx: live order book, 4 min ago; Aster: live order book, 4 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 RISEx live order book, 4 min ago	0.01 bp	3.1 bp −$3	4.5 bp −$45	32.4 bp −$3,239	doesn't fit
Sell Aster live order book, 4 min ago	0.01 bp	4.4 bp −$4	5.3 bp −$53	32.3 bp −$3,226	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	−0.0010%	1h	4,339.5	−0.164%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,350.6	+0.092%	$92K	$8.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,342.1	−0.103%	$272K	—	250x	as long as short
RISEx XAU/USDClong	+0.0005%	1h	4,346.6	long leg	$3.7M	$12.5M	25x
Extended XAU-USD	+0.0032%	1h	4,342.1	−0.105%	$13.2M	$37.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.087%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,346.1	−0.012%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,345.1	−0.035%	$5.6M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,378.6	+0.736%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,342.7	−0.090%	$293.8M	$49.1M	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	4,342.9	−0.085%	$15.0M	$56.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0052%	24h	4,344.8	−0.042%	$4.2M	$39.3M	15x	as long as short
Bybit XAUUSDT	+0.0055%	4h	4,347.1	+0.012%	$80.1M	$152.0M	150x	as long as short
Lighter XAU	+0.0056%	1h	4,345.3	−0.031%	$20.7M	$34.8M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,341.7	−0.113%	$2.1M	$4.7M	25x	as long as short
Gate XAU_USDT	+0.0062%	4h	4,347.6	+0.022%	$268.3M	$419.0M	100x	as long as short
Paradex XAU-USD-PERP	+0.0067%	8h	4,345.7	−0.020%	$19K	$5K	5x	as long as short
Hotstuff GOLD-PERP	+0.0072%	1h	4,342.6	−0.092%	$33K	—	25x	as long as short
Lighter RH XAU	+0.0080%	1h	4,347.8	+0.027%	$20.2M	$40.2M	25x	as long as short
Aster XAUUSD1short	+0.0098%	4h	4,346.5	−0.003%	$71.5M	$331.5M	20x
Pacifica XAU	+0.0100%	1h	4,342.4	−0.097%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,341.7	−0.113%	$274K	$203K	50x	as long as short
Variational Omni XAU	+0.0105%	4h	4,345.4	−0.029%	$48.3M	$27.6M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,345.1	−0.035%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0118%	4h	4,346.2	−0.009%	$370.3M	$321.7M	1000x	as long as short
Binance XAUUSDT	+0.0120%	4h	4,346.1	−0.011%	$418.8M	$2.09B	100x	as long as short
edgeX XAUUSDC	+0.0135%	4h	4,340	−0.151%	$30.2M	$57.9M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,341.7	−0.113%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0148%	4h	4,345.6	−0.023%	$1.4M	$2.9M	25x	as long as short
Phemex XAUUSDT	+0.0199%	4h	4,349.1	+0.056%	$2.2M	$967K	100x	as long as short
Polymarket Perps GOLD-USD	+0.0203%	1h	4,345.8	−0.019%	$4.2M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0206%	1h	4,346.2	−0.010%	$59K	$82K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0211%	1h	4,344.4	−0.051%	$204K	$826K	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,343	−0.083%	$590K	$135K	25x	as long as short
Bitget XAUUSDT	+0.0274%	4h	4,346.7	+0.002%	$71.1M	$108.8M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0330%	8h	4,347.2	+0.013%	$167.2M	$283.1M	100x	as long as short
BloFin XAU-USDT	+0.0360%	4h	4,346.2	−0.010%	$15.8M	$4.4M	100x	as long as short
HTX XAU-USDT	+0.0396%	4h	4,347.9	+0.030%	$2.8M	$4.6M	75x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0428% / S −0.0252%	1h	4,346.2	−0.010%	$250K	—	111x	as long as short