Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h +0.008%

Price spread now: Aster against tradeXYZ+0.097%7-day average +0.093% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$270.268% of the position

Long on tradeXYZ Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%$0 on $10k

Price spread, last 7 days−0.030%−$3 · spread now +0.097%, 7d avg +0.093%

Together, before fees−0.035%+ Points / potential airdroptradeXYZ: Active · Aster: Stage 5 · farm board−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:GOLD	4,304.6	0.0050	pay 0.0006% / 1h	34m 05s	$291.0M	$54.0M	25x
Short	Aster XAUUSD1	4,308.8	0.0052	get 0.0026% / 4h	3h 34m	$73.4M	$272.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against tradeXYZ. 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 tradeXYZbpFee AsterbpOrdersPrice spread, now +0.097%Rate

Funding earned: $0.44
Price spread: +0.097% → +0.093%: $0.37
Slippage, 4 orders: −$0.76
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Aster: 4 bp × 2 orders: −$8
Net: −$25.95
Costs to cover: 0.268%
Break-even: 422.8 days

Slippage from tradeXYZ: 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 tradeXYZ live order book, 5 min ago	0.12 bp	9.1 bp −$9	9.4 bp −$94	11.0 bp −$1,102	doesn't fit
Sell Aster live order book, 5 min ago	0.01 bp	4.5 bp −$5	4.9 bp −$49	22.1 bp −$2,211	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	−0.0032%	1h	4,305.5	+0.021%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,311.7	+0.165%	$92K	$6.8M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,303.6	−0.024%	$278K	—	250x	as long as short
GRVT XAU_USDT_Perp	+0.0012%	4h	4,308	+0.080%	$1.4M	$3.0M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+1.064%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,306.8	+0.051%	$3.8M	$4.5M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,338.7	+0.792%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,306	+0.033%	$6.6M	$3.1M	20x	as long as short
tradeXYZ xyz:GOLDlong	+0.0050%	1h	4,304.6	long leg	$291.0M	$54.0M	25x
Polymarket Perps GOLD-USD	+0.0050%	1h	4,304.2	−0.009%	$4.3M	$1.8M	20x	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	4,302.7	−0.043%	$15.0M	$55.8M	25x	as long as short
Aster XAUUSD1short	+0.0052%	4h	4,308.8	+0.097%	$73.4M	$272.0M	20x
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,305.8	+0.028%	$2.0M	$5.1M	25x	as long as short
Paradex XAU-USD-PERP	+0.0061%	8h	4,306.6	+0.046%	$2K	$13K	5x	as long as short
Extended XAU-USD	+0.0072%	1h	4,303.5	−0.026%	$13.1M	$36.2M	25x	as long as short
Lighter XAU	+0.0080%	1h	4,307.1	+0.057%	$20.3M	$28.9M	25x	as long as short
Variational Omni XAU	+0.0089%	4h	4,305.9	+0.030%	$46.6M	$29.2M	—	as long as short
Phoenix GOLD	+0.0095%	1h	4,306.1	+0.035%	$42K	$86K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,303.3	−0.030%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,305.2	+0.013%	$275K	$218K	50x	as long as short
MEXC XAU_USDT	+0.0102%	4h	4,307.4	+0.065%	$364.5M	$337.9M	1000x	as long as short
Lighter RH XAU	+0.0104%	1h	4,309.8	+0.120%	$19.8M	$39.9M	25x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,306.4	+0.042%	$159K	$87	10x	as long as short
Binance XAUUSDT	+0.0104%	4h	4,307.8	+0.075%	$434.2M	$2.22B	100x	as long as short
Kalshi KXGOLDPERP	+0.0110%	24h	4,311.3	+0.156%	$3.7M	$46.5M	15x	as long as short
edgeX XAUUSDC	+0.0111%	4h	4,306.8	+0.050%	$30.0M	$61.5M	50x	as long as short
Bybit XAUUSDT	+0.0119%	4h	4,308.1	+0.081%	$77.4M	$157.7M	150x	as long as short
RISEx XAU/USDC	+0.0126%	1h	4,306.7	+0.049%	$4.4M	$13.1M	25x	as long as short
Gate XAU_USDT	+0.0160%	4h	4,309.7	+0.118%	$296.6M	$427.3M	100x	as long as short
Bitget XAUUSDT	+0.0190%	4h	4,307.4	+0.065%	$70.6M	$125.2M	100x	as long as short
Bullet GOLD-USD	+0.0196%	1h	4,307.5	+0.067%	$58K	$81K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0238%	1h	4,307.7	+0.072%	$134K	$846K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0249%	8h	4,308.4	+0.088%	$171.4M	$330.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0328%	1h	4,305.5	+0.020%	$573K	$138K	25x	as long as short
BloFin XAU-USDT	+0.0369%	4h	4,307.1	+0.058%	$16.2M	$5.0M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0467% / S −0.0314%	1h	4,307.9	+0.077%	$255K	—	111x	as long as short
Phemex XAUUSDT	+0.0486%	4h	4,311.9	+0.169%	$2.2M	$956K	100x	as long as short
HTX XAU-USDT	+0.1145%	4h	4,316	+0.264%	$3.2M	$6.2M	75x	as long as short
Bluefin GOLD-PERP	+0.4125%	1h	4,306.6	+0.047%	$25K	$1K	20x	as long as short