Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0352%/8h= +38.6% APRpaid last 24h +0.054%

Price spread now: Kraken Futures against Aster−0.056%54s7-day average −0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$4as 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−$260.256% of the position

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.211%+$21 on $10k

Price spread, last 4 days (all we have)+0.086%+$9 · spread now −0.056%, 7d avg −0.075%

Together, before fees+0.297%+ Points / potential airdropAster: Stage 5 · farm board+$30 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.075%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.211% in total (about 11.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAUUSD1	4,329	0.0059	pay 0.0029% / 4h	2h 56m	$74.4M	$273.1M	20x
Short	Kraken Futures PF_XAUUSD	4,326.6	0.0411	get 0.0051% / 1h	56m 29s	$582K	$150K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.056%Rate

Funding earned: $74
Price spread: −0.056% → −0.075%: $1.9
Slippage, 4 orders: −$7.59
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $50.31
Costs to cover: 0.256%
Break-even: 2.2 days

Slippage from Aster: live order book, 3 min ago; Kraken Futures: live order book, 37 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 Aster live order book, 3 min ago	0.01 bp	4.0 bp −$4	4.1 bp −$41	34.6 bp −$3,464	doesn't fit
Sell Kraken Futures live order book, 37 min ago	2.87 bp	8.8 bp −$9	18.2 bp −$182	doesn't fit	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
SunX XAU-USDT	0.0000%	4h	4,333.7	+0.108%	$92K	$6.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,330.7	+0.038%	$275K	—	250x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0024%	1h	4,327.4	−0.038%	$2.0M	$5.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.494%	$619	$54	52x	as long as short
QFEX GOLD-USD	+0.0038%	1h	4,326.9	−0.049%	$6.6M	$3.0M	20x	as long as short
Bluefin GOLD-PERP	+0.0039%	1h	4,323.5	−0.128%	$25K	$1K	20x	as long as short
StandX XAU-USD	+0.0040%	1h	4,332.7	+0.085%	$3.8M	$4.5M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,360.5	+0.727%	—	$1.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0048%	1h	4,326.2	−0.065%	$32K	—	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,324.3	−0.109%	$292.1M	$55.5M	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	4,323.6	−0.125%	$15.1M	$57.4M	25x	as long as short
RISEx XAU/USDC	+0.0056%	1h	4,329	−0.001%	$4.6M	$13.6M	25x	as long as short
Paradex XAU-USD-PERP	+0.0058%	8h	4,327	−0.048%	$2K	$13K	5x	as long as short
Aster XAUUSD1long	+0.0059%	4h	4,329	long leg	$74.4M	$273.1M	20x
Extended XAU-USD	+0.0080%	1h	4,323.6	−0.126%	$12.7M	$35.8M	25x	as long as short
Variational Omni XAU	+0.0093%	4h	4,332	+0.068%	$47.2M	$30.1M	—	as long as short
Phoenix GOLD	+0.0095%	1h	4,333.5	+0.103%	$43K	$67K	25x	as long as short
Lighter RH XAU	+0.0096%	1h	4,329.2	+0.004%	$19.8M	$38.5M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,323.7	−0.123%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,330	+0.022%	$284K	$232K	50x	as long as short
Lighter XAU	+0.0104%	1h	4,326.8	−0.051%	$20.2M	$29.3M	25x	as long as short
Gate XAU_USDT	+0.0104%	4h	4,329.6	+0.012%	$300.4M	$428.9M	100x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,328.7	−0.007%	$160K	$87	10x	as long as short
MEXC XAU_USDT	+0.0114%	4h	4,327.4	−0.037%	$353.4M	$347.9M	1000x	as long as short
Binance XAUUSDT	+0.0115%	4h	4,327.7	−0.032%	$435.6M	$2.36B	100x	as long as short
Kalshi KXGOLDPERP	+0.0120%	24h	4,332.4	+0.078%	$3.5M	$48.6M	15x	as long as short
edgeX XAUUSDC	+0.0127%	4h	4,330.2	+0.026%	$30.3M	$64.9M	50x	as long as short
GRVT XAU_USDT_Perp	+0.0132%	4h	4,331.1	+0.049%	$1.4M	$3.0M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0132%	1h	4,327	−0.047%	$4.3M	$1.7M	20x	as long as short
Bybit XAUUSDT	+0.0140%	4h	4,328.8	−0.006%	$81.6M	$170.1M	150x	as long as short
Bullet GOLD-USD	+0.0188%	1h	4,327.8	−0.029%	$58K	$77K	10x	as long as short
Bitget XAUUSDT	+0.0196%	4h	4,327.5	−0.035%	$72.0M	$132.6M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0212%	1h	4,327.6	−0.033%	$134K	$781K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0244%	8h	4,328.7	−0.008%	$171.1M	$355.0M	100x	as long as short
BloFin XAU-USDT	+0.0355%	4h	4,329.7	+0.015%	$16.2M	$5.5M	100x	as long as short
Phemex XAUUSDT	+0.0361%	4h	4,333.1	+0.093%	$2.2M	$961K	100x	as long as short
Kraken Futures PF_XAUUSDshort	+0.0411%	1h	4,326.6	−0.056%	$582K	$150K	25x
GMX GOLD/USD [ETH-USDC]	L +0.0460% / S −0.0306%	1h	4,327.8	−0.029%	$252K	—	111x	as long as short
HTX XAU-USDT	+0.1112%	4h	4,337.3	+0.192%	$3.2M	$7.0M	75x	as long as short