Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.018%

Price spread now: Aster against Extended+0.104%7-day average +0.094% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$130.133% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 7 days−0.064%−$6 · spread now +0.104%, 7d avg +0.094%

Together, before fees+0.002%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.094%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.067%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XAU-USD	4,358.8	0.0032	pay 0.0004% / 1h	1m 40s	$13.5M	$43.5M	25x
Short	Aster XAUUSD1	4,363.4	0	get 0.0000% / 4h	3h 01m	$69.8M	$231.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now +0.104%Rate

Funding earned: −$6.72
Price spread: +0.104% → +0.094%: $1.07
Slippage, 4 orders: −$0.25
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$18.9
Costs to cover: 0.133%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Aster: 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 Extended live order book, 2 min ago	0.12 bp	2.6 bp −$3	4.2 bp −$42	8.3 bp −$828	28.0 bp −$14.0K
Sell Aster live order book, 3 min ago	0.01 bp	4.0 bp −$4	4.0 bp −$40	15.0 bp −$1,502	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
Aster XAUUSD1short	0.0000%	4h	4,363.4	+0.104%	$69.8M	$231.4M	20x
Gate XAU_USDT	0.0000%	4h	4,363.3	+0.102%	$265.0M	$423.1M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,360.8	+0.045%	$4.0M	$36.7M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,368.1	+0.212%	$93K	$10.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,359.9	+0.024%	$270K	—	250x	as long as short
Variational Omni XAU	+0.0029%	4h	4,362.2	+0.077%	$48.4M	$28.5M	—	as long as short
Extended XAU-USDlong	+0.0032%	1h	4,358.8	long leg	$13.5M	$43.5M	25x
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.193%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,363.3	+0.103%	$3.8M	$4.7M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,362.4	+0.082%	$5.6M	$1.9M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,396.9	+0.874%	—	$1.0M	25x	as long as short
RISEx XAU/USDC	+0.0048%	1h	4,362.8	+0.091%	$3.4M	$12.3M	25x	as long as short
Hotstuff GOLD-PERP	+0.0048%	1h	4,359.2	+0.009%	$33K	—	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,359.2	+0.009%	$294.2M	$51.7M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,358.9	+0.002%	$14.8M	$57.2M	25x	as long as short
MEXC XAU_USDT	+0.0054%	4h	4,363.1	+0.098%	$372.8M	$331.7M	1000x	as long as short
Phoenix GOLD	+0.0055%	1h	4,359.6	+0.018%	$48K	$64K	25x	as long as short
Binance XAUUSDT	+0.0056%	4h	4,362.5	+0.084%	$411.6M	$2.14B	100x	as long as short
edgeX XAUUSDC	+0.0063%	4h	4,356.5	−0.052%	$30.3M	$60.4M	50x	as long as short
Lighter XAU	+0.0072%	1h	4,361.7	+0.066%	$20.6M	$44.5M	25x	as long as short
Paradex XAU-USD-PERP	+0.0087%	8h	4,362.5	+0.084%	$19K	$5K	5x	as long as short
Lighter RH XAU	+0.0088%	1h	4,364.2	+0.123%	$20.2M	$41.5M	25x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,362.8	+0.092%	$162K	$87	10x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,358.7	−0.003%	$2.0M	$5.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,360.1	+0.029%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,359.2	+0.008%	$275K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,356.1	−0.064%	$26K	$22K	20x	as long as short
Bitget XAUUSDT	+0.0108%	4h	4,362.9	+0.094%	$69.7M	$112.5M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0117%	1h	4,362.4	+0.082%	$235K	$658K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0117%	1h	4,362.4	+0.082%	$4.3M	$1.8M	20x	as long as short
GRVT XAU_USDT_Perp	+0.0142%	4h	4,362.6	+0.087%	$1.4M	$3.1M	25x	as long as short
Bybit XAUUSDT	+0.0197%	4h	4,363.2	+0.100%	$83.8M	$144.8M	150x	as long as short
BloFin XAU-USDT	+0.0207%	4h	4,362.7	+0.090%	$15.4M	$4.6M	100x	as long as short
Bullet GOLD-USD	+0.0213%	1h	4,363.7	+0.112%	$59K	$82K	10x	as long as short
OKX XAU-USDT-SWAP	+0.0214%	8h	4,364.2	+0.123%	$164.2M	$288.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,361.1	+0.053%	$595K	$141K	25x	as long as short
Phemex XAUUSDT	+0.0298%	4h	4,364.5	+0.129%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0394% / S −0.0199%	1h	4,364.1	+0.121%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.0555%	4h	4,367.4	+0.196%	$2.9M	$3.9M	75x	as long as short