Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0015%/8h= +1.6% APRpaid last 24h −0.020%

Price spread now: tradeXYZ against Aster−0.081%7-day average −0.091% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$260.263% of the position

Long on Aster Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 7 days+0.039%+$4 · spread now −0.081%, 7d avg −0.091%

Together, before fees+0.045%+ Points / potential airdropAster: Stage 5 · tradeXYZ: Active · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.091%, so right now this pair is about funding alone: $0 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	4,354.4	0.0035	pay 0.0018% / 4h	2h 14m	$70.4M	$298.4M	20x
Short	tradeXYZ xyz:GOLD	4,350.9	0.0050	get 0.0006% / 1h	14m 36s	$294.1M	$48.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.081%Rate

Funding earned: $3.14
Price spread: −0.081% → −0.091%: $1.04
Slippage, 4 orders: −$0.25
Fee Aster: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$22.07
Costs to cover: 0.263%
Break-even: 56.2 days

Slippage from Aster: live order book, 5 min ago; tradeXYZ: 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	4.0 bp −$40	13.7 bp −$1,371	doesn't fit
Sell tradeXYZ live order book, 5 min ago	0.12 bp	9.1 bp −$9	9.5 bp −$95	11.1 bp −$1,113	doesn't fit

XAU on 38 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
Gate XAU_USDT	0.0000%	4h	4,355.3	+0.021%	$263.4M	$413.8M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,362.5	+0.185%	$93K	$9.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,352.9	−0.034%	$270K	—	250x	as long as short
Extended XAU-USD	+0.0032%	1h	4,349.3	−0.117%	$13.5M	$41.8M	25x	as long as short
Hotstuff GOLD-PERP	+0.0032%	1h	4,350.7	−0.085%	$33K	—	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.092%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0034%	24h	4,354.2	−0.005%	$4.1M	$36.0M	15x	as long as short
Aster XAUUSD1long	+0.0035%	4h	4,354.4	long leg	$70.4M	$298.4M	20x
StandX XAU-USD	+0.0040%	1h	4,358.3	+0.089%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,390.9	+0.838%	—	$1.0M	25x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLDshort	+0.0050%	1h	4,350.9	−0.081%	$294.1M	$48.5M	25x
Ondo Perps XAU-USD.P	+0.0050%	1h	4,350.9	−0.081%	$14.9M	$58.0M	25x	as long as short
QFEX GOLD-USD	+0.0051%	1h	4,353	−0.032%	$5.6M	$1.9M	20x	as long as short
Lighter XAU	+0.0056%	1h	4,352.2	−0.052%	$20.6M	$43.7M	25x	as long as short
Lighter RH XAU	+0.0064%	1h	4,354.8	+0.010%	$20.1M	$41.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,354.9	+0.011%	$2.0M	$5.0M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0074%	1h	4,356.6	+0.050%	$4.3M	$1.9M	20x	as long as short
Paradex XAU-USD-PERP	+0.0083%	8h	4,353.1	−0.029%	$19K	$5K	5x	as long as short
Variational Omni XAU	+0.0086%	4h	4,356	+0.037%	$48.2M	$28.1M	—	as long as short
Pacifica XAU	+0.0100%	1h	4,350.6	−0.087%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,358.5	+0.093%	$275K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,350.7	−0.086%	$25K	$14K	20x	as long as short
MEXC XAU_USDT	+0.0102%	4h	4,353.9	−0.011%	$375.8M	$323.9M	1000x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,356.6	+0.051%	$161K	$87	10x	as long as short
Binance XAUUSDT	+0.0104%	4h	4,353.6	−0.018%	$409.1M	$2.10B	100x	as long as short
edgeX XAUUSDC	+0.0112%	4h	4,353.3	−0.025%	$30.3M	$59.9M	50x	as long as short
GRVT XAU_USDT_Perp	+0.0116%	4h	4,360	+0.129%	$1.4M	$2.9M	25x	as long as short
Phoenix GOLD	+0.0121%	1h	4,356.9	+0.057%	$48K	$64K	25x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,353.6	−0.019%	$3.4M	$12.4M	25x	as long as short
Bullet GOLD-USD	+0.0167%	1h	4,357.6	+0.073%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0180%	4h	4,354.5	+0.003%	$84.0M	$144.1M	150x	as long as short
Bitget XAUUSDT	+0.0184%	4h	4,354	−0.011%	$69.4M	$109.6M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0209%	1h	4,354.9	+0.011%	$242K	$672K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0238%	8h	4,355	+0.014%	$164.9M	$281.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,354.7	+0.006%	$594K	$139K	25x	as long as short
Phemex XAUUSDT	+0.0340%	4h	4,359.9	+0.125%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0391% / S −0.0197%	1h	4,357.4	+0.069%	$251K	—	111x	as long as short
HTX XAU-USDT	+0.0554%	4h	4,363.2	+0.201%	$2.9M	$3.9M	75x	as long as short