Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0225%/8h= −24.6% APRpaid last 24h −0.026%

Price spread now: Aster against OKX−0.039%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$180.183% of the position

Long on OKX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 7 days+0.048%+$5 · spread now −0.039%, 7d avg −0.006%

Together, before fees+0.046%+ Points / potential airdropAster: Stage 5 · farm board+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Aster is 0.034% cheaper against OKX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.006%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.002% in total (about -0.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XAU-USDT-SWAP	4,357.8	0.0225	pay 0.0225% / 8h	6h 38m	$164.9M	$284.4M	100x
Short	Aster XAUUSD1	4,356.1	0	get 0.0000% / 4h	2h 38m	$69.7M	$290.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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 OKXbpFee AsterbpOrdersPrice spread, now −0.039%Rate

Funding earned: −$47.16
Price spread: −0.039% → −0.006%: −$3.35
Slippage, 4 orders: −$0.25
Fee OKX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$68.77
Costs to cover: 0.183%
Break-even: never at this rate

Slippage from OKX: live order book, 6 min ago; Aster: live order book, 6 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 OKX live order book, 6 min ago	0.12 bp	5.1 bp −$5	5.1 bp −$51	7.1 bp −$706	15.3 bp −$7,641
Sell Aster live order book, 6 min ago	0.01 bp	4.0 bp −$4	4.0 bp −$40	14.7 bp −$1,472	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	−0.0323%	1h	4,348.4	−0.215%	$25K	$14K	20x	as long as short
Aster XAUUSD1short	0.0000%	4h	4,356.1	−0.039%	$69.7M	$290.3M	20x
Gate XAU_USDT	0.0000%	4h	4,356.7	−0.025%	$263.2M	$407.6M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,353.9	−0.089%	$4.1M	$36.5M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,360	+0.050%	$93K	$9.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,351.4	−0.146%	$269K	—	250x	as long as short
Extended XAU-USD	+0.0032%	1h	4,351.4	−0.146%	$13.6M	$43.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0032%	1h	4,354.9	−0.067%	$33K	—	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.169%	$619	$54	52x	as long as short
Lighter XAU	+0.0040%	1h	4,355.4	−0.055%	$20.6M	$43.5M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAU-USD	+0.0040%	1h	4,357.7	−0.002%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,389.2	+0.721%	—	$1.0M	25x	as long as short
Lighter RH XAU	+0.0048%	1h	4,357.8	0.000%	$20.1M	$40.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,352	−0.133%	$293.9M	$48.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,353.3	−0.104%	$15.0M	$57.7M	25x	as long as short
QFEX GOLD-USD	+0.0051%	1h	4,355.8	−0.046%	$5.6M	$1.9M	20x	as long as short
Polymarket Perps GOLD-USD	+0.0060%	1h	4,353.6	−0.096%	$4.3M	$1.9M	20x	as long as short
Variational Omni XAU	+0.0061%	4h	4,355.7	−0.048%	$48.3M	$28.4M	—	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,350.9	−0.158%	$2.0M	$5.0M	25x	as long as short
MEXC XAU_USDT	+0.0082%	4h	4,354.8	−0.069%	$372.3M	$321.6M	1000x	as long as short
Paradex XAU-USD-PERP	+0.0084%	8h	4,356.3	−0.034%	$19K	$5K	5x	as long as short
Binance XAUUSDT	+0.0085%	4h	4,356	−0.040%	$409.4M	$2.10B	100x	as long as short
edgeX XAUUSDC	+0.0098%	4h	4,351.9	−0.135%	$30.3M	$60.4M	50x	as long as short
Pacifica XAU	+0.0100%	1h	4,353.5	−0.098%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,353.3	−0.102%	$275K	$204K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,354.4	−0.079%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0121%	1h	4,354.7	−0.071%	$48K	$64K	25x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,356.4	−0.032%	$3.4M	$12.4M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0138%	4h	4,357.4	−0.010%	$1.4M	$3.0M	25x	as long as short
Bitget XAUUSDT	+0.0148%	4h	4,355.3	−0.057%	$69.3M	$109.6M	100x	as long as short
Bullet GOLD-USD	+0.0158%	1h	4,355.4	−0.055%	$59K	$83K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0164%	1h	4,353.7	−0.094%	$234K	$661K	25x	as long as short
Bybit XAUUSDT	+0.0183%	4h	4,357.6	−0.005%	$84.2M	$143.6M	150x	as long as short
OKX XAU-USDT-SWAPlong	+0.0225%	8h	4,357.8	long leg	$164.9M	$284.4M	100x
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,352.7	−0.118%	$594K	$141K	25x	as long as short
BloFin XAU-USDT	+0.0286%	4h	4,364.8	+0.161%	$15.5M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0368%	4h	4,359.7	+0.042%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0394% / S −0.0199%	1h	4,355.3	−0.057%	$253K	—	111x	as long as short
HTX XAU-USDT	+0.0527%	4h	4,359.5	+0.039%	$2.9M	$3.9M	75x	as long as short