Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0035%/8h= −3.9% APRpaid last 24h −0.009%

Price spread now: StandX against Aster+0.012%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

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

costs, in and out, $10k−$220.219% of the position

Long on Aster Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 7 days−0.003%$0 · spread now +0.012%, 7d avg +0.012%

Together, before fees−0.039%+ Points / potential airdropAster: Stage 5 · StandX: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAUUSD1	4,343.8	0.0075	pay 0.0038% / 4h	3h 44m	$71.5M	$332.4M	20x
Short	StandX XAU-USD	4,344.3	0.0040	get 0.0005% / 1h	44m 20s	$3.8M	$4.5M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$7.42
Price spread: +0.012% → +0.012%: $0.09
Slippage, 4 orders: −$5.88
Fee Aster: 4 bp × 2 orders: −$8
Fee StandX: 4 bp × 2 orders: −$8
Net: −$29.21
Costs to cover: 0.219%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; StandX: 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, 5 min ago	0.01 bp	4.0 bp −$4	4.5 bp −$45	14.7 bp −$1,472	doesn't fit
Sell StandX live order book, 5 min ago	1.84 bp	8.0 bp −$8	8.5 bp −$85	10.9 bp −$1,094	12.9 bp −$6,435

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	−0.0031%	1h	4,335.8	−0.183%	$25K	$14K	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,344	+0.006%	$267.8M	$412.6M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,346.6	+0.066%	$92K	$8.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,338.4	−0.123%	$271K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,342.1	−0.038%	$3.5M	$12.1M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,343.3	−0.010%	$20.0M	$39.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,338.3	−0.125%	$13.3M	$37.9M	25x	as long as short
Hotstuff GOLD-PERP	+0.0032%	1h	4,340.3	−0.080%	$33K	—	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.153%	$619	$54	52x	as long as short
StandX XAU-USDshort	+0.0040%	1h	4,344.3	+0.012%	$3.8M	$4.5M	40x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USD	+0.0042%	1h	4,341.9	−0.043%	$5.7M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,375.2	+0.724%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,341.3	−0.056%	$20.8M	$34.5M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,339.2	−0.105%	$293.6M	$49.3M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,339.2	−0.104%	$15.1M	$56.9M	25x	as long as short
Kalshi KXGOLDPERP	+0.0051%	24h	4,340.4	−0.077%	$4.3M	$37.5M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,340.3	−0.080%	$2.1M	$4.8M	25x	as long as short
Aster XAUUSD1long	+0.0075%	4h	4,343.8	long leg	$71.5M	$332.4M	20x
Paradex XAU-USD-PERP	+0.0082%	8h	4,342.5	−0.030%	$19K	$5K	5x	as long as short
Bybit XAUUSDT	+0.0083%	4h	4,343.4	−0.008%	$80.4M	$150.9M	150x	as long as short
Variational Omni XAU	+0.0087%	4h	4,342.7	−0.024%	$48.3M	$27.7M	—	as long as short
Pacifica XAU	+0.0100%	1h	4,338.9	−0.113%	$1.4M	$1.1M	10x	as long as short
MEXC XAU_USDT	+0.0100%	4h	4,342.7	−0.024%	$369.3M	$318.6M	1000x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,340.7	−0.070%	$274K	$203K	50x	as long as short
Binance XAUUSDT	+0.0101%	4h	4,342.6	−0.027%	$415.0M	$2.09B	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,341.6	−0.051%	$161K	$87	10x	as long as short
edgeX XAUUSDC	+0.0113%	4h	4,338.3	−0.125%	$30.2M	$58.3M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,338.8	−0.114%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0166%	4h	4,341.6	−0.049%	$1.4M	$2.9M	25x	as long as short
Bullet GOLD-USD	+0.0212%	1h	4,342.7	−0.024%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0218%	1h	4,342.8	−0.022%	$4.3M	$2.0M	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0234%	1h	4,340.7	−0.070%	$205K	$827K	25x	as long as short
Bitget XAUUSDT	+0.0244%	4h	4,342.3	−0.034%	$71.1M	$109.4M	100x	as long as short
Phemex XAUUSDT	+0.0244%	4h	4,343.9	+0.004%	$2.2M	$967K	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,339.5	−0.098%	$592K	$132K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0318%	8h	4,343.4	−0.008%	$166.3M	$281.6M	100x	as long as short
BloFin XAU-USDT	+0.0359%	4h	4,341.7	−0.047%	$15.6M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0427% / S −0.0252%	1h	4,342.7	−0.024%	$250K	—	111x	as long as short
HTX XAU-USDT	+0.0540%	4h	4,347	+0.074%	$2.8M	$4.6M	75x	as long as short