Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h +0.003%

Price spread now: Aster against Aevo+0.026%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$350.351% of the position

Long on Aevo Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 on $10k

Price spread, last 3 days (all we have)−0.056%−$6 · spread now +0.026%, 7d avg +0.019%

Together, before fees−0.113%+ Points / potential airdropAster: Stage 5 · farm board−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.019%, 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	Aevo XAU-PERP	4,352.9	0.0080	pay 0.0010% / 1h	45m 18s	$161K	$87	10x
Short	Aster XAUUSD1	4,354	0	get 0.0000% / 4h	1h 45m	$71.3M	$238.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Aevo. 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 AevobpFee AsterbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$16.8
Price spread: +0.026% → +0.019%: $0.62
Slippage, 4 orders: −$11.13
Fee Aevo: 8 bp × 2 orders: −$16
Fee Aster: 4 bp × 2 orders: −$8
Net: −$51.31
Costs to cover: 0.351%
Break-even: never at this rate

Slippage from Aevo: live order book, 38 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 Aevo live order book, 38 min ago	4.30 bp	13.6 bp −$14	33.6 bp −$336	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	0.01 bp	4.0 bp −$4	4.0 bp −$40	14.4 bp −$1,436	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
Kraken Futures PF_XAUUSD	−0.0175%	1h	4,351.3	−0.037%	$600K	$160K	25x	as long as short
tradeXYZ xyz:GOLD	−0.0050%	1h	4,349.3	−0.082%	$292.9M	$53.7M	25x	as long as short
Aster XAUUSD1short	0.0000%	4h	4,354	+0.026%	$71.3M	$238.4M	20x
Binance XAUUSDT	0.0000%	4h	4,353.4	+0.011%	$410.4M	$2.09B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,353.8	+0.022%	$82.5M	$141.8M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,353.9	+0.024%	$3.4M	$12.5M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,354.3	+0.033%	$271.0M	$407.1M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,353.5	+0.015%	$374.5M	$349.4M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,353.5	+0.013%	$67.3M	$110.9M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,352.9	+0.001%	$47.9M	$32.4M	—	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XAU_USDT_Perp	0.0000%	4h	4,352.9	0.000%	$1.4M	$3.2M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,351.9	−0.023%	$4.0M	$34.1M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,357.5	+0.105%	$93K	$10.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,349.7	−0.073%	$267K	—	10x	as long as short
QFEX GOLD-USD	+0.0002%	1h	4,352.2	−0.016%	$5.5M	$1.9M	20x	as long as short
Hotstuff GOLD-PERP	+0.0008%	1h	4,349.1	−0.087%	$33K	—	25x	as long as short
edgeX XAUUSDC	+0.0012%	4h	4,348.3	−0.104%	$30.3M	$58.2M	50x	as long as short
Lighter XAU	+0.0032%	1h	4,352.5	−0.009%	$20.8M	$43.4M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,354.5	+0.037%	$20.2M	$41.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,350.5	−0.056%	$13.1M	$49.4M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.057%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,353	+0.003%	$3.8M	$4.7M	40x	as long as short
HTX XAU-USDT	+0.0044%	4h	4,356.9	+0.093%	$2.8M	$3.8M	75x	as long as short
Vest GC-PERP	+0.0046%	1h	4,387.5	+0.795%	—	$1.0M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,352.3	−0.014%	$4.3M	$1.7M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,349.5	−0.078%	$14.4M	$55.5M	25x	as long as short
Paradex XAU-USD-PERP	+0.0051%	8h	4,353.5	+0.015%	$19K	$6K	5x	as long as short
Aevo XAU-PERPlong	+0.0080%	1h	4,352.9	long leg	$161K	$87	10x
Bullet GOLD-USD	+0.0098%	1h	4,353.5	+0.014%	$59K	$84K	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,350.6	−0.053%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,350.2	−0.063%	$273K	$204K	50x	as long as short
Phoenix GOLD	+0.0109%	1h	4,349.7	−0.073%	$47K	$65K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0118%	1h	4,351.8	−0.025%	$221K	$853K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0164%	8h	4,354.3	+0.032%	$158.6M	$267.5M	100x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0208%	1h	4,350.8	−0.048%	$2.0M	$5.1M	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,353.5	+0.015%	$14.8M	$4.3M	100x	as long as short
Phemex XAUUSDT	+0.0316%	4h	4,354.1	+0.029%	$2.2M	$1.1M	100x	as long as short
Bluefin GOLD-PERP	+0.0420%	1h	4,347.6	−0.122%	$26K	$21K	20x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0450% / S −0.0246%	1h	4,353.5	+0.014%	$251K	—	29x	as long as short