Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0075%/8h= +8.2% APRpaid last 24h −0.002%

Price spread now: Polymarket Perps against Aster−0.019%7-day average −0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$170.167% of the position

Long on Aster Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 7 days−0.046%−$5 · spread now −0.019%, 7d avg −0.082%

Together, before fees−0.073%+ Points / potential airdropAster: Stage 5 · farm board−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.063% dearer against Aster than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.082%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAUUSD1	4,366.8	0	get 0.0000% / 4h	41m 28s	$71.6M	$228.0M	20x
Short	Polymarket Perps GOLD-USD	4,366	0.0075	get 0.0009% / 1h	41m 28s	$4.3M	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.019%Rate

Funding earned: $15.78
Price spread: −0.019% → −0.082%: $6.34
Slippage, 4 orders: −$0.71
Fee Aster: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $5.4
Costs to cover: 0.167%
Break-even: 4.6 days

Slippage from Aster: live order book, 3 min ago; Polymarket Perps: live order book, 3 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	4.4 bp −$44	13.8 bp −$1,379	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	0.12 bp	4.1 bp −$4	4.8 bp −$48	5.6 bp −$565	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	−0.0290%	1h	4,360.6	−0.142%	$26K	$21K	20x	as long as short
Phoenix GOLD	−0.0004%	1h	4,363.3	−0.081%	$48K	$65K	25x	as long as short
Aster XAUUSD1long	0.0000%	4h	4,366.8	long leg	$71.6M	$228.0M	20x
Binance XAUUSDT	0.0000%	4h	4,366	−0.019%	$407.9M	$2.11B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,367.3	+0.011%	$82.6M	$141.6M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,365.9	−0.020%	$3.4M	$12.4M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,367	+0.004%	$268.1M	$408.0M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,366.2	−0.014%	$377.2M	$321.4M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,366.6	−0.006%	$67.0M	$111.1M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,365.9	−0.022%	$48.5M	$30.6M	—	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	4,367.2	+0.008%	$1.4M	$3.1M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,365.1	−0.040%	$4.0M	$35.3M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,372.2	+0.123%	$93K	$10.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,362.6	−0.098%	$268K	—	250x	as long as short
edgeX XAUUSDC	+0.0019%	4h	4,360.5	−0.144%	$30.3M	$58.3M	50x	as long as short
QFEX GOLD-USD	+0.0032%	1h	4,365.7	−0.026%	$5.6M	$1.7M	20x	as long as short
Lighter XAU	+0.0032%	1h	4,365.3	−0.036%	$20.8M	$44.4M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,367.6	+0.017%	$20.3M	$41.6M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,362.8	−0.093%	$13.0M	$46.4M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.376%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,366.3	−0.012%	$3.8M	$4.7M	40x	as long as short
Bullet GOLD-USD	+0.0041%	1h	4,366.3	−0.012%	$60K	$81K	10x	as long as short
Vest GC-PERP	+0.0046%	1h	4,400.8	+0.778%	—	$1.0M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0048%	1h	4,365	−0.042%	$235K	$735K	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,362.7	−0.095%	$293.7M	$52.3M	25x	as long as short
Paradex XAU-USD-PERP	+0.0050%	8h	4,365.9	−0.020%	$19K	$6K	5x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,362.8	−0.093%	$14.5M	$56.1M	25x	as long as short
Polymarket Perps GOLD-USDshort	+0.0075%	1h	4,366	−0.019%	$4.3M	$1.8M	20x
Aevo XAU-PERP	+0.0080%	1h	4,365.5	−0.030%	$162K	$87	10x	as long as short
Hotstuff GOLD-PERP	+0.0096%	1h	4,363.1	−0.085%	$33K	—	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,363.3	−0.081%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,361.3	−0.126%	$277K	$204K	50x	as long as short
HTX XAU-USDT	+0.0138%	4h	4,371.1	+0.097%	$2.8M	$3.8M	75x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0152%	1h	4,364	−0.065%	$2.0M	$5.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0154%	8h	4,367.2	+0.008%	$157.9M	$271.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0220%	1h	4,364.6	−0.050%	$602K	$138K	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,366.8	−0.001%	$14.7M	$4.4M	100x	as long as short
Phemex XAUUSDT	+0.0302%	4h	4,369.2	+0.055%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0388% / S −0.0197%	1h	4,366.3	−0.012%	$252K	—	111x	as long as short