Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0051%/8h= +5.6% APRpaid last 24h −0.023%

Price spread now: QFEX against Aster−0.032%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$240.235% of the position

Long on Aster Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.052%−$5 on $10k

Price spread, last 7 days+0.003%$0 · spread now −0.032%, 7d avg −0.045%

Together, before fees−0.048%+ Points / potential airdropAster: Stage 5 · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.045%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.052%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAUUSD1	4,357.2	0	get 0.0000% / 4h	2h 38m	$69.7M	$288.9M	20x
Short	QFEX GOLD-USD	4,355.8	0.0051	get 0.0006% / 1h	38m 36s	$5.6M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.032%Rate

Funding earned: $10.79
Price spread: −0.032% → −0.045%: $1.31
Slippage, 4 orders: −$5.53
Fee Aster: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$11.44
Costs to cover: 0.235%
Break-even: 14.4 days

Slippage from Aster: live order book, 6 min ago; QFEX: live order book, 5 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	4.6 bp −$46	19.7 bp −$1,965	doesn't fit
Sell QFEX live order book, 5 min ago	2.75 bp	7.8 bp −$8	7.8 bp −$78	9.8 bp −$976	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	−0.0325%	1h	4,350.7	−0.149%	$25K	$14K	20x	as long as short
Aster XAUUSD1long	0.0000%	4h	4,357.2	long leg	$69.7M	$288.9M	20x
Gate XAU_USDT	0.0000%	4h	4,358.3	+0.025%	$263.2M	$407.6M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,355.5	−0.039%	$4.1M	$36.5M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,362.4	+0.119%	$93K	$9.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,354.6	−0.060%	$270K	—	250x	as long as short
Extended XAU-USD	+0.0032%	1h	4,353	−0.096%	$13.6M	$43.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0032%	1h	4,354.9	−0.053%	$33K	—	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.156%	$619	$54	52x	as long as short
Lighter XAU	+0.0040%	1h	4,356.7	−0.011%	$20.7M	$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	+0.011%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,391.2	+0.780%	—	$1.0M	25x	as long as short
Lighter RH XAU	+0.0048%	1h	4,359	+0.042%	$20.1M	$40.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,354.9	−0.053%	$294.1M	$48.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,353.3	−0.091%	$15.0M	$57.7M	25x	as long as short
QFEX GOLD-USDshort	+0.0051%	1h	4,355.8	−0.032%	$5.6M	$1.9M	20x
Variational Omni XAU	+0.0061%	4h	4,355.7	−0.034%	$48.3M	$28.4M	—	as long as short
Polymarket Perps GOLD-USD	+0.0061%	1h	4,356.8	−0.009%	$4.3M	$1.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,354.8	−0.055%	$2.0M	$5.0M	25x	as long as short
MEXC XAU_USDT	+0.0082%	4h	4,356.9	−0.007%	$372.4M	$321.6M	1000x	as long as short
Paradex XAU-USD-PERP	+0.0084%	8h	4,356.3	−0.020%	$19K	$5K	5x	as long as short
Binance XAUUSDT	+0.0085%	4h	4,356.6	−0.015%	$409.5M	$2.10B	100x	as long as short
edgeX XAUUSDC	+0.0098%	4h	4,351.9	−0.122%	$30.3M	$60.4M	50x	as long as short
Pacifica XAU	+0.0100%	1h	4,353.5	−0.085%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,353.3	−0.089%	$275K	$204K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,356.6	−0.014%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0121%	1h	4,354.7	−0.058%	$48K	$64K	25x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,356.4	−0.019%	$3.4M	$12.4M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0138%	4h	4,357.4	+0.004%	$1.4M	$3.0M	25x	as long as short
Bitget XAUUSDT	+0.0148%	4h	4,356.4	−0.018%	$69.3M	$109.6M	100x	as long as short
Bullet GOLD-USD	+0.0158%	1h	4,358.1	+0.019%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0183%	4h	4,357.6	+0.010%	$84.2M	$143.5M	150x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0186%	1h	4,356.8	−0.009%	$235K	$661K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0225%	8h	4,357.4	+0.004%	$164.9M	$284.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,355	−0.051%	$594K	$141K	25x	as long as short
BloFin XAU-USDT	+0.0286%	4h	4,364.8	+0.174%	$15.5M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0377%	4h	4,361.3	+0.093%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0395% / S −0.0199%	1h	4,358.3	+0.025%	$253K	—	111x	as long as short
HTX XAU-USDT	+0.0528%	4h	4,362	+0.110%	$2.9M	$3.9M	75x	as long as short