Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0047%/8h= −5.1% APRpaid last 24h +0.009%

Price spread now: Aster against Coinbase International+0.084%7-day average +0.106% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$210.206% of the position

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.395%−$40 on $10k

Price spread, last 3 days (all we have)+0.007%+$1 · spread now +0.084%, 7d avg +0.106%

Together, before fees−0.388%+ Points / potential airdropAster: Stage 5 · farm board−$39 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.021% cheaper against Coinbase International than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.106%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International GOLD-PERP-INTX	4,355.8	0.0072	pay 0.0009% / 1h	17m 48s	$2.0M	$5.0M	25x
Short	Aster XAUUSD1	4,359.5	0.0025	get 0.0013% / 4h	2h 17m	$70.6M	$294.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now +0.084%Rate

Funding earned: −$9.78
Price spread: +0.084% → +0.106%: −$2.12
Slippage, 4 orders: −$2.61
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$32.51
Costs to cover: 0.206%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 min ago; Aster: live order book, 1 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 Coinbase International live order book, 1 min ago	1.26 bp	6.3 bp −$6	8.7 bp −$87	45.9 bp −$4,589	doesn't fit
Sell Aster live order book, 1 min ago	0.01 bp	4.0 bp −$4	4.6 bp −$46	16.1 bp −$1,610	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	4,359.9	+0.093%	$263.4M	$413.0M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,364.8	+0.207%	$93K	$9.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,357.1	+0.030%	$270K	—	250x	as long as short
Aster XAUUSD1short	+0.0025%	4h	4,359.5	+0.084%	$70.6M	$294.1M	20x
Extended XAU-USD	+0.0032%	1h	4,354.6	−0.028%	$13.5M	$42.0M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.124%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0034%	24h	4,357.5	+0.039%	$4.1M	$36.0M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,359.3	+0.080%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,394	+0.877%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,355.3	−0.011%	$294.3M	$48.4M	25x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,355.6	−0.004%	$14.9M	$58.0M	25x	as long as short
QFEX GOLD-USD	+0.0051%	1h	4,358.6	+0.064%	$5.6M	$1.9M	20x	as long as short
Lighter XAU	+0.0056%	1h	4,359.5	+0.086%	$20.7M	$43.7M	25x	as long as short
Lighter RH XAU	+0.0056%	1h	4,361.9	+0.140%	$20.2M	$40.9M	25x	as long as short
Hotstuff GOLD-PERP	+0.0064%	1h	4,355.9	+0.002%	$33K	—	25x	as long as short
Polymarket Perps GOLD-USD	+0.0070%	1h	4,360	+0.096%	$4.3M	$1.9M	20x	as long as short
Coinbase International GOLD-PERP-INTXlong	+0.0072%	1h	4,355.8	long leg	$2.0M	$5.0M	25x
Variational Omni XAU	+0.0078%	4h	4,359	+0.074%	$48.3M	$28.1M	—	as long as short
Paradex XAU-USD-PERP	+0.0083%	8h	4,359.4	+0.082%	$19K	$5K	5x	as long as short
edgeX XAUUSDC	+0.0094%	4h	4,353.4	−0.056%	$30.3M	$59.8M	50x	as long as short
MEXC XAU_USDT	+0.0096%	4h	4,358.2	+0.054%	$375.9M	$323.6M	1000x	as long as short
Binance XAUUSDT	+0.0099%	4h	4,358	+0.051%	$409.1M	$2.09B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,356.8	+0.023%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,357.1	+0.029%	$275K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,353	−0.064%	$26K	$14K	20x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,359.7	+0.090%	$161K	$87	10x	as long as short
GRVT XAU_USDT_Perp	+0.0110%	4h	4,360	+0.096%	$1.4M	$2.9M	25x	as long as short
Phoenix GOLD	+0.0121%	1h	4,356.9	+0.025%	$48K	$64K	25x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,359.1	+0.076%	$3.4M	$12.4M	25x	as long as short
Bullet GOLD-USD	+0.0164%	1h	4,361	+0.119%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0174%	4h	4,359.3	+0.080%	$84.0M	$143.8M	150x	as long as short
Bitget XAUUSDT	+0.0180%	4h	4,358.4	+0.060%	$69.5M	$109.6M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0186%	1h	4,358.8	+0.069%	$243K	$671K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0236%	8h	4,359.5	+0.085%	$164.9M	$282.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,358.1	+0.052%	$594K	$139K	25x	as long as short
Phemex XAUUSDT	+0.0331%	4h	4,362	+0.141%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0391% / S −0.0197%	1h	4,361.1	+0.122%	$252K	—	111x	as long as short
HTX XAU-USDT	+0.0542%	4h	4,364.3	+0.195%	$2.9M	$3.9M	75x	as long as short