Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0082%/8h= −9.0% APRpaid last 24h −0.051%

Price spread now: Aster against Kraken Futures+0.062%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$270.272% of the position

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.206%−$21 on $10k

Price spread, last 4 days (all we have)−0.001%$0 · spread now +0.062%, 7d avg +0.074%

Together, before fees−0.206%+ Points / potential airdropAster: Stage 5 · farm board−$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.074%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XAUUSD	4,320.2	0.0153	pay 0.0019% / 1h	39m 30s	$584K	$134K	25x
Short	Aster XAUUSD1	4,322.9	0.0072	get 0.0036% / 4h	1h 39m	$72.4M	$298.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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 Kraken FuturesbpFee AsterbpOrdersPrice spread, now +0.062%Rate

Funding earned: −$17.21
Price spread: +0.062% → +0.074%: −$1.18
Slippage, 4 orders: −$9.22
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$45.62
Costs to cover: 0.272%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 3 min ago; Aster: 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 Kraken Futures live order book, 3 min ago	3.15 bp	8.2 bp −$8	12.1 bp −$121	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	0.01 bp	4.0 bp −$4	4.1 bp −$41	22.6 bp −$2,260	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
Bluefin GOLD-PERP	−0.0109%	1h	4,317.3	−0.067%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,326.5	+0.146%	$92K	$7.9M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,319.2	−0.024%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0005%	4h	4,321.9	+0.038%	$77.3M	$155.8M	150x	as long as short
Hotstuff GOLD-PERP	+0.0008%	1h	4,319.6	−0.014%	$32K	—	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,317.3	−0.067%	$13.1M	$36.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.699%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,324.9	+0.109%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,320.2	0.000%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,353.9	+0.780%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	4,317.9	−0.053%	$291.4M	$51.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,316.5	−0.085%	$15.0M	$55.6M	25x	as long as short
Lighter XAU	+0.0056%	1h	4,320.4	+0.004%	$20.3M	$30.4M	25x	as long as short
Aster XAUUSD1short	+0.0072%	4h	4,322.9	+0.062%	$72.4M	$298.7M	20x
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,319.3	−0.021%	$2.1M	$4.9M	25x	as long as short
Kalshi KXGOLDPERP	+0.0072%	24h	4,324.5	+0.099%	$3.8M	$43.4M	15x	as long as short
Paradex XAU-USD-PERP	+0.0073%	8h	4,320.6	+0.010%	$2K	$13K	5x	as long as short
GRVT XAU_USDT_Perp	+0.0080%	4h	4,322.9	+0.063%	$1.4M	$3.0M	25x	as long as short
Gate XAU_USDT	+0.0086%	4h	4,323	+0.064%	$281.8M	$413.7M	100x	as long as short
Variational Omni XAU	+0.0093%	4h	4,322.9	+0.062%	$47.4M	$29.0M	—	as long as short
Lighter RH XAU	+0.0096%	1h	4,322.7	+0.057%	$19.8M	$38.5M	25x	as long as short
Binance XAUUSDT	+0.0098%	4h	4,321	+0.019%	$415.4M	$2.14B	100x	as long as short
MEXC XAU_USDT	+0.0098%	4h	4,321.1	+0.020%	$362.1M	$328.7M	1000x	as long as short
Phoenix GOLD	+0.0100%	1h	4,321	+0.018%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,317.5	−0.062%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,319.9	−0.006%	$272K	$208K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,322.1	+0.044%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0119%	4h	4,319.5	−0.016%	$30.0M	$61.0M	50x	as long as short
Kraken Futures PF_XAUUSDlong	+0.0153%	1h	4,320.2	long leg	$584K	$134K	25x
Bullet GOLD-USD	+0.0179%	1h	4,322.8	+0.061%	$59K	$82K	10x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,323.4	+0.074%	$4.2M	$12.8M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0207%	1h	4,321.2	+0.023%	$4.3M	$1.9M	20x	as long as short
HTX XAU-USDT	+0.0221%	4h	4,326.6	+0.148%	$2.8M	$4.9M	75x	as long as short
Bitget XAUUSDT	+0.0230%	4h	4,321	+0.017%	$67.9M	$118.9M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0306%	1h	4,321.9	+0.039%	$192K	$832K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0311%	8h	4,322.2	+0.046%	$170.5M	$297.2M	100x	as long as short
BloFin XAU-USDT	+0.0339%	4h	4,323.3	+0.072%	$16.1M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0372%	4h	4,325.8	+0.130%	$2.2M	$967K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0463% / S −0.0307%	1h	4,322.8	+0.061%	$252K	—	111x	as long as short