Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0242%/8h= +26.5% APRpaid last 24h +0.033%

Price spread now: OKX against Aster+0.010%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$180.183% of the position

Long on Aster Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%+$1 on $10k

Price spread, last 7 days−0.009%−$1 · spread now +0.010%, 7d avg +0.006%

Together, before fees−0.004%+ Points / potential airdropAster: Stage 5 · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.005% in total (about 0.3% 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	4,343.3	0.0076	pay 0.0038% / 4h	3h 43m	$71.4M	$332.4M	20x
Short	OKX XAU-USDT-SWAP	4,343.7	0.0318	get 0.0318% / 8h	3h 43m	$166.3M	$281.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.010%Rate

Funding earned: $50.85
Price spread: +0.010% → +0.006%: $0.36
Slippage, 4 orders: −$0.25
Fee Aster: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: $32.95
Costs to cover: 0.183%
Break-even: 2.5 days

Slippage from Aster: live order book, 6 min ago; OKX: 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 Aster live order book, 6 min ago	0.01 bp	4.0 bp −$4	4.5 bp −$45	14.7 bp −$1,472	doesn't fit
Sell OKX live order book, 6 min ago	0.12 bp	5.1 bp −$5	5.1 bp −$51	6.0 bp −$598	12.8 bp −$6,388

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	−0.0034%	1h	4,336.2	−0.162%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,346.6	+0.077%	$92K	$8.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,338.7	−0.106%	$271K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,341.4	−0.043%	$3.5M	$12.1M	25x	as long as short
Gate XAU_USDT	+0.0006%	4h	4,344.5	+0.027%	$267.7M	$413.0M	100x	as long as short
Lighter RH XAU	+0.0032%	1h	4,343.2	−0.002%	$20.0M	$39.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,338.8	−0.103%	$13.3M	$37.9M	25x	as long as short
Hotstuff GOLD-PERP	+0.0032%	1h	4,340.3	−0.069%	$33K	—	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.164%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,343.7	+0.010%	$3.8M	$4.5M	40x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USD	+0.0042%	1h	4,340.5	−0.064%	$5.7M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,375.2	+0.735%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,340.6	−0.061%	$20.8M	$34.5M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,339.9	−0.078%	$293.6M	$49.3M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,338.7	−0.106%	$15.1M	$56.9M	25x	as long as short
Kalshi KXGOLDPERP	+0.0051%	24h	4,340.4	−0.066%	$4.3M	$37.5M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,340.3	−0.069%	$2.1M	$4.8M	25x	as long as short
Bybit XAUUSDT	+0.0064%	4h	4,343.8	+0.011%	$80.2M	$151.0M	150x	as long as short
Aster XAUUSD1long	+0.0076%	4h	4,343.3	long leg	$71.4M	$332.4M	20x
Paradex XAU-USD-PERP	+0.0082%	8h	4,342.1	−0.027%	$19K	$5K	5x	as long as short
Variational Omni XAU	+0.0087%	4h	4,342.7	−0.013%	$48.3M	$27.7M	—	as long as short
Pacifica XAU	+0.0100%	1h	4,338.5	−0.110%	$1.4M	$1.1M	10x	as long as short
MEXC XAU_USDT	+0.0100%	4h	4,342.9	−0.008%	$369.6M	$318.8M	1000x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,339.5	−0.087%	$274K	$203K	50x	as long as short
Binance XAUUSDT	+0.0102%	4h	4,343	−0.007%	$417.1M	$2.09B	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,341.9	−0.032%	$161K	$87	10x	as long as short
edgeX XAUUSDC	+0.0113%	4h	4,338.3	−0.114%	$30.2M	$58.3M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,338.8	−0.103%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0174%	4h	4,343.4	+0.003%	$1.4M	$2.9M	25x	as long as short
Bullet GOLD-USD	+0.0212%	1h	4,343.2	−0.002%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0217%	1h	4,342.6	−0.016%	$4.3M	$2.0M	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0234%	1h	4,340.7	−0.059%	$205K	$827K	25x	as long as short
Bitget XAUUSDT	+0.0244%	4h	4,343.5	+0.006%	$71.1M	$109.4M	100x	as long as short
Phemex XAUUSDT	+0.0244%	4h	4,343.9	+0.015%	$2.2M	$967K	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,339.5	−0.087%	$592K	$132K	25x	as long as short
OKX XAU-USDT-SWAPshort	+0.0318%	8h	4,343.7	+0.010%	$166.3M	$281.6M	100x
BloFin XAU-USDT	+0.0359%	4h	4,341.7	−0.036%	$15.6M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0427% / S −0.0252%	1h	4,343.2	−0.001%	$250K	—	111x	as long as short
HTX XAU-USDT	+0.0540%	4h	4,347	+0.085%	$2.8M	$4.6M	75x	as long as short