Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h +0.013%

Price spread now: Aster against Hotstuff+0.038%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hotstuff Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · Aster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aster is 0.038% dearer against Hotstuff than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff GOLD-PERP	4,328.8	0.0064	pay 0.0008% / 1h	2m 11s	$32K	—	25x
Short	Aster XAUUSD1	4,330.5	0.0088	get 0.0044% / 4h	2h 02m	$72.3M	$329.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Hotstuff. 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 HotstuffbpFee AsterbpOrdersPrice spread, now +0.038%Rate

Funding earned: $5
Price spread: +0.038% → 0.000%: $3.81
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$4.19
Costs to cover: 0.130%
Break-even: 12.9 days

Slippage unknown: Hotstuff: no order-book sample; Aster: live order book, 2 min ago. Net counts fees only.

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 Hotstuff no order-book sample	—	—	—	—	—
Sell Aster live order book, 2 min ago	0.01 bp	4.3 bp −$4	4.7 bp −$47	18.2 bp −$1,823	doesn't fit

Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bybit XAUUSDT	0.0000%	4h	4,329.4	+0.015%	$78.2M	$156.7M	150x	as long as short
SunX XAU-USDT	0.0000%	4h	4,332.6	+0.087%	$92K	$8.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,325.4	−0.079%	$271K	—	250x	as long as short
Extended XAU-USD	+0.0032%	1h	4,325.2	−0.083%	$13.1M	$36.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.499%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,333.5	+0.109%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,328.5	−0.007%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,362.1	+0.769%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,328.1	−0.015%	$20.4M	$31.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,325.9	−0.067%	$291.8M	$51.6M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,325.4	−0.079%	$15.0M	$56.4M	25x	as long as short
RISEx XAU/USDC	+0.0054%	1h	4,330.4	+0.036%	$3.8M	$12.5M	25x	as long as short
Gate XAU_USDT	+0.0060%	4h	4,330.8	+0.046%	$269.6M	$420.2M	100x	as long as short
Hotstuff GOLD-PERPlong	+0.0064%	1h	4,328.8	long leg	$32K	—	25x
Kalshi KXGOLDPERP	+0.0065%	24h	4,329.8	+0.023%	$4.0M	$42.3M	15x	as long as short
Paradex XAU-USD-PERP	+0.0069%	8h	4,329.4	+0.013%	$19K	$5K	5x	as long as short
Lighter RH XAU	+0.0072%	1h	4,330.3	+0.035%	$19.8M	$39.1M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,325.1	−0.085%	$2.0M	$4.8M	25x	as long as short
Aster XAUUSD1short	+0.0088%	4h	4,330.5	+0.038%	$72.3M	$329.5M	20x
GRVT XAU_USDT_Perp	+0.0098%	4h	4,336.1	+0.168%	$1.4M	$3.0M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,325.9	−0.068%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,330.6	+0.042%	$273K	$208K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,322.8	−0.138%	$25K	$14K	20x	as long as short
Binance XAUUSDT	+0.0100%	4h	4,328.8	0.000%	$413.8M	$2.12B	100x	as long as short
Variational Omni XAU	+0.0101%	4h	4,334.6	+0.134%	$46.8M	$28.7M	—	as long as short
MEXC XAU_USDT	+0.0102%	4h	4,328.9	+0.003%	$364.3M	$331.7M	1000x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,328.3	−0.012%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0112%	4h	4,330.1	+0.031%	$30.1M	$60.5M	50x	as long as short
Phoenix GOLD	+0.0127%	1h	4,332.8	+0.092%	$47K	$77K	25x	as long as short
Bullet GOLD-USD	+0.0157%	1h	4,329	+0.004%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0173%	1h	4,328.9	+0.002%	$4.2M	$2.0M	20x	as long as short
HTX XAU-USDT	+0.0200%	4h	4,331.9	+0.072%	$2.8M	$5.0M	75x	as long as short
Bitget XAUUSDT	+0.0240%	4h	4,328.9	+0.003%	$68.0M	$118.9M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0248%	1h	4,325.9	−0.067%	$589K	$130K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0282%	1h	4,328.1	−0.016%	$195K	$826K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0322%	8h	4,329.6	+0.018%	$170.6M	$297.2M	100x	as long as short
BloFin XAU-USDT	+0.0363%	4h	4,328.9	+0.003%	$16.0M	$4.5M	100x	as long as short
Phemex XAUUSDT	+0.0393%	4h	4,331.6	+0.064%	$2.2M	$962K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0306%	1h	4,328.8	+0.001%	$253K	—	111x	as long as short