Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.006%

Price spread now: Aster against ApeX Omni+0.061%89s7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$440.437% of the position

Long on ApeX Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 4 days (all we have)−0.019%−$2 · spread now +0.061%, 7d avg +0.048%

Together, before fees−0.069%+ Points / potential airdropAster: Stage 5 · farm board−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.048%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 89 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XAUUSDT	4,353.3	0.0100	pay 0.0013% / 1h	38m 02s	$275K	$204K	50x
Short	Aster XAUUSD1	4,356	0	get 0.0000% / 4h	2h 38m	$69.7M	$290.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against ApeX Omni. 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 ApeX OmnibpFee AsterbpOrdersPrice spread, now +0.061%Rate

Funding earned: −$21
Price spread: +0.061% → +0.048%: $1.28
Slippage, 4 orders: −$25.67
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$63.39
Costs to cover: 0.437%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 29 min ago; Aster: live order book, 6 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 ApeX Omni live order book, 29 min ago	4.15 bp	15.7 bp −$16	25.2 bp −$252	35.0 bp −$3,499	doesn't fit
Sell Aster live order book, 6 min ago	0.01 bp	4.0 bp −$4	4.0 bp −$40	14.7 bp −$1,472	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	−0.0323%	1h	4,348.4	−0.113%	$25K	$14K	20x	as long as short
Aster XAUUSD1short	0.0000%	4h	4,356	+0.061%	$69.7M	$290.8M	20x
Gate XAU_USDT	0.0000%	4h	4,358	+0.107%	$263.3M	$407.7M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,353.9	+0.013%	$4.1M	$36.5M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,360	+0.153%	$93K	$9.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,351.4	−0.044%	$269K	—	250x	as long as short
Extended XAU-USD	+0.0032%	1h	4,351.4	−0.044%	$13.6M	$43.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0032%	1h	4,354.9	+0.036%	$33K	—	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.067%	$619	$54	52x	as long as short
Lighter XAU	+0.0040%	1h	4,355.4	+0.048%	$20.6M	$43.5M	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	4,357.7	+0.100%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,389.2	+0.824%	—	$1.0M	25x	as long as short
Lighter RH XAU	+0.0048%	1h	4,357.8	+0.103%	$20.1M	$40.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,353.4	+0.001%	$294.0M	$48.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,353.3	−0.002%	$15.0M	$57.7M	25x	as long as short
QFEX GOLD-USD	+0.0051%	1h	4,355.8	+0.057%	$5.6M	$1.9M	20x	as long as short
Polymarket Perps GOLD-USD	+0.0060%	1h	4,353.6	+0.006%	$4.3M	$1.9M	20x	as long as short
Variational Omni XAU	+0.0061%	4h	4,355.7	+0.054%	$48.3M	$28.4M	—	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,350.9	−0.056%	$2.0M	$5.0M	25x	as long as short
MEXC XAU_USDT	+0.0082%	4h	4,356.1	+0.064%	$372.4M	$321.6M	1000x	as long as short
Paradex XAU-USD-PERP	+0.0084%	8h	4,356.3	+0.069%	$19K	$5K	5x	as long as short
Binance XAUUSDT	+0.0085%	4h	4,355.5	+0.050%	$409.4M	$2.10B	100x	as long as short
edgeX XAUUSDC	+0.0098%	4h	4,351.9	−0.033%	$30.3M	$60.4M	50x	as long as short
Pacifica XAU	+0.0100%	1h	4,353.5	+0.004%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDTlong	+0.0100%	1h	4,353.3	long leg	$275K	$204K	50x
Aevo XAU-PERP	+0.0104%	1h	4,354.4	+0.024%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0121%	1h	4,354.7	+0.031%	$48K	$64K	25x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,356.4	+0.070%	$3.4M	$12.4M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0138%	4h	4,357.4	+0.093%	$1.4M	$3.0M	25x	as long as short
Bitget XAUUSDT	+0.0148%	4h	4,357	+0.083%	$69.3M	$109.6M	100x	as long as short
Bullet GOLD-USD	+0.0158%	1h	4,355.4	+0.047%	$59K	$83K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0164%	1h	4,353.7	+0.008%	$234K	$661K	25x	as long as short
Bybit XAUUSDT	+0.0183%	4h	4,356.5	+0.072%	$84.1M	$143.6M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0225%	8h	4,357.1	+0.086%	$164.9M	$284.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,352.7	−0.016%	$594K	$141K	25x	as long as short
BloFin XAU-USDT	+0.0286%	4h	4,364.8	+0.263%	$15.5M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0368%	4h	4,359.7	+0.145%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0394% / S −0.0199%	1h	4,355.3	+0.045%	$253K	—	111x	as long as short
HTX XAU-USDT	+0.0527%	4h	4,359.5	+0.142%	$2.9M	$3.9M	75x	as long as short