Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0182%/8h= −19.9% APRpaid last 24h +0.203%

Price spread now: Bluefin against Aster−0.165%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Bluefin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

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

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bluefin is 0.165% cheaper against Aster than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAUUSD1	4,324.5	0.0073	pay 0.0036% / 4h	1h 40m	$72.5M	$298.7M	20x
Short	Bluefin GOLD-PERP	4,317.3	−0.0109	pay 0.0014% / 1h	40m 02s	$25K	$14K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bluefin against Aster. 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 AsterbpFee BluefinbpOrdersPrice spread, now −0.165%Rate

Funding earned: −$38.22
Price spread: −0.165% → 0.000%: −$16.49
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Bluefin: 3.5 bp × 2 orders: −$7
Net: −$69.71
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 4 min ago; Bluefin: no order-book sample. 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 Aster live order book, 4 min ago	0.01 bp	4.0 bp −$4	4.8 bp −$48	19.8 bp −$1,978	doesn't fit
Sell Bluefin no order-book sample	—	—	—	—	—

Bluefin: 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-PERPshort	−0.0109%	1h	4,317.3	−0.165%	$25K	$14K	20x
SunX XAU-USDT	0.0000%	4h	4,326.5	+0.048%	$92K	$7.9M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,319.2	−0.122%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0007%	4h	4,323.3	−0.027%	$77.3M	$155.8M	150x	as long as short
Hotstuff GOLD-PERP	+0.0008%	1h	4,319.8	−0.108%	$32K	—	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,319.1	−0.123%	$13.2M	$36.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.601%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,325.2	+0.017%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,322	−0.057%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,355.5	+0.718%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	4,319.3	−0.119%	$291.5M	$51.7M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,318.6	−0.135%	$15.0M	$55.6M	25x	as long as short
Lighter XAU	+0.0056%	1h	4,321.9	−0.058%	$20.3M	$30.4M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,319.3	−0.119%	$2.1M	$4.9M	25x	as long as short
Kalshi KXGOLDPERP	+0.0072%	24h	4,324.5	+0.001%	$3.8M	$43.4M	15x	as long as short
Aster XAUUSD1long	+0.0073%	4h	4,324.5	long leg	$72.5M	$298.7M	20x
Paradex XAU-USD-PERP	+0.0073%	8h	4,323.3	−0.026%	$19K	$5K	5x	as long as short
GRVT XAU_USDT_Perp	+0.0082%	4h	4,323.4	−0.023%	$1.4M	$3.0M	25x	as long as short
Gate XAU_USDT	+0.0090%	4h	4,324.6	+0.004%	$281.8M	$413.6M	100x	as long as short
Variational Omni XAU	+0.0093%	4h	4,322.9	−0.036%	$47.4M	$29.0M	—	as long as short
Lighter RH XAU	+0.0096%	1h	4,324.5	+0.001%	$19.8M	$38.5M	25x	as long as short
MEXC XAU_USDT	+0.0098%	4h	4,322.4	−0.047%	$362.3M	$328.7M	1000x	as long as short
Binance XAUUSDT	+0.0099%	4h	4,322.4	−0.047%	$415.5M	$2.14B	100x	as long as short
Phoenix GOLD	+0.0100%	1h	4,321	−0.080%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,319.7	−0.111%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,320.4	−0.095%	$272K	$208K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,322.1	−0.054%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0110%	4h	4,318.5	−0.138%	$30.0M	$61.4M	50x	as long as short
Kraken Futures PF_XAUUSD	+0.0153%	1h	4,320.2	−0.098%	$584K	$134K	25x	as long as short
Bullet GOLD-USD	+0.0179%	1h	4,322.8	−0.038%	$59K	$82K	10x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,325.3	+0.020%	$4.2M	$12.8M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0207%	1h	4,322.8	−0.038%	$4.3M	$1.9M	20x	as long as short
HTX XAU-USDT	+0.0221%	4h	4,326.6	+0.049%	$2.8M	$4.9M	75x	as long as short
Bitget XAUUSDT	+0.0230%	4h	4,322.6	−0.044%	$68.0M	$118.9M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0306%	1h	4,321.9	−0.059%	$192K	$832K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0311%	8h	4,323.6	−0.020%	$170.6M	$297.5M	100x	as long as short
BloFin XAU-USDT	+0.0339%	4h	4,323.3	−0.027%	$16.1M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0372%	4h	4,325.8	+0.032%	$2.2M	$967K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0463% / S −0.0307%	1h	4,322.8	−0.038%	$252K	—	111x	as long as short