Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0083%/8h= −9.1% APRpaid last 24h −0.015%

Price spread now: Aster against Polymarket Perps+0.028%7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

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

costs, in and out, $10k−$160.165% of the position

Long on Polymarket Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 7 days+0.045%+$4 · spread now +0.028%, 7d avg +0.082%

Together, before fees+0.058%+ Points / potential airdropAster: Stage 5 · farm board+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aster is 0.053% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.082%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps GOLD-USD	4,332	0.0174	pay 0.0022% / 1h	4m 26s	$4.2M	$2.0M	20x
Short	Aster XAUUSD1	4,333.2	0.0091	get 0.0045% / 4h	2h 04m	$72.4M	$329.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Polymarket Perps. 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 Polymarket PerpsbpFee AsterbpOrdersPrice spread, now +0.028%Rate

Funding earned: −$17.49
Price spread: +0.028% → +0.082%: −$5.35
Slippage, 4 orders: −$0.45
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$39.29
Costs to cover: 0.165%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 5 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 Polymarket Perps live order book, 5 min ago	0.12 bp	4.3 bp −$4	4.6 bp −$46	5.2 bp −$516	doesn't fit
Sell Aster live order book, 5 min ago	0.01 bp	4.0 bp −$4	4.0 bp −$40	16.2 bp −$1,615	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
Bybit XAUUSDT	0.0000%	4h	4,333.2	+0.027%	$78.4M	$156.4M	150x	as long as short
SunX XAU-USDT	0.0000%	4h	4,336.1	+0.094%	$92K	$8.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,329	−0.070%	$271K	—	250x	as long as short
Extended XAU-USD	+0.0032%	1h	4,328.1	−0.090%	$13.1M	$36.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.425%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,334.9	+0.067%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,331.2	−0.018%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,365.2	+0.766%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,330.7	−0.030%	$20.4M	$31.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,328.7	−0.076%	$291.9M	$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	4,327.6	−0.101%	$15.0M	$56.4M	25x	as long as short
RISEx XAU/USDC	+0.0054%	1h	4,333.2	+0.027%	$3.8M	$12.5M	25x	as long as short
Gate XAU_USDT	+0.0062%	4h	4,333.8	+0.040%	$270.7M	$419.7M	100x	as long as short
Hotstuff GOLD-PERP	+0.0064%	1h	4,328.8	−0.074%	$32K	—	25x	as long as short
Kalshi KXGOLDPERP	+0.0064%	24h	4,334.5	+0.058%	$4.0M	$42.3M	15x	as long as short
Paradex XAU-USD-PERP	+0.0070%	8h	4,331.9	−0.002%	$19K	$5K	5x	as long as short
Lighter RH XAU	+0.0072%	1h	4,333.4	+0.033%	$19.9M	$39.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,332	0.000%	$2.0M	$4.8M	25x	as long as short
Aster XAUUSD1short	+0.0091%	4h	4,333.2	+0.028%	$72.4M	$329.7M	20x
GRVT XAU_USDT_Perp	+0.0098%	4h	4,336.1	+0.094%	$1.4M	$3.0M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,328.3	−0.085%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,333.2	+0.027%	$273K	$208K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,326.3	−0.133%	$25K	$14K	20x	as long as short
Variational Omni XAU	+0.0101%	4h	4,334.6	+0.060%	$46.8M	$28.7M	—	as long as short
Binance XAUUSDT	+0.0107%	4h	4,332.1	+0.001%	$414.2M	$2.12B	100x	as long as short
MEXC XAU_USDT	+0.0108%	4h	4,332	−0.001%	$364.5M	$331.4M	1000x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,332.5	+0.012%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0121%	4h	4,331.7	−0.008%	$30.1M	$60.5M	50x	as long as short
Phoenix GOLD	+0.0127%	1h	4,332.8	+0.018%	$47K	$77K	25x	as long as short
Bullet GOLD-USD	+0.0158%	1h	4,332.3	+0.007%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USDlong	+0.0174%	1h	4,332	long leg	$4.2M	$2.0M	20x
Deribit GOLD_USDC-PERPETUAL	+0.0212%	1h	4,331.3	−0.016%	$195K	$826K	25x	as long as short
HTX XAU-USDT	+0.0222%	4h	4,336.6	+0.106%	$2.8M	$5.0M	75x	as long as short
Bitget XAUUSDT	+0.0246%	4h	4,332.2	+0.004%	$68.1M	$119.0M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0247%	1h	4,329.6	−0.055%	$590K	$130K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0326%	8h	4,332.5	+0.012%	$170.5M	$297.2M	100x	as long as short
Phemex XAUUSDT	+0.0370%	4h	4,334.2	+0.051%	$2.2M	$962K	100x	as long as short
BloFin XAU-USDT	+0.0381%	4h	4,332.4	+0.008%	$16.0M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0305%	1h	4,332.4	+0.008%	$253K	—	111x	as long as short