Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0037%/8h= +4.1% APRpaid last 24h −0.006%

Price spread now: Aster against RISEx+0.024%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$140.140% of the position

Long on RISEx Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.023%−$2 on $10k

Price spread, last 7 days−0.027%−$3 · spread now +0.024%, 7d avg +0.002%

Together, before fees−0.050%+ Points / potential airdropAster: Stage 5 · farm board−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aster is 0.021% dearer against RISEx than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XAU/USDC	4,347.2	0.0010	pay 0.0001% / 1h	46m 29s	$3.4M	$12.4M	25x
Short	Aster XAUUSD1	4,348.2	0.0047	get 0.0024% / 4h	1h 46m	$70.0M	$331.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against RISEx. 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 RISExbpFee AsterbpOrdersPrice spread, now +0.024%Rate

Funding earned: $7.78
Price spread: +0.024% → +0.002%: $2.12
Slippage, 4 orders: −$0.05
Fee RISEx: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$4.15
Costs to cover: 0.140%
Break-even: 10.7 days

Slippage from RISEx: live order book, 3 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 RISEx live order book, 3 min ago	0.01 bp	3.0 bp −$3	3.6 bp −$36	36.8 bp −$3,685	doesn't fit
Sell Aster live order book, 3 min ago	0.01 bp	4.0 bp −$4	4.0 bp −$40	15.4 bp −$1,537	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
Hotstuff GOLD-PERP	−0.0016%	1h	4,344.4	−0.065%	$33K	—	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,348.9	+0.038%	$264.7M	$407.3M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,352.1	+0.112%	$92K	$9.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,342.7	−0.104%	$266K	—	250x	as long as short
RISEx XAU/USDClong	+0.0010%	1h	4,347.2	long leg	$3.4M	$12.4M	25x
Bluefin GOLD-PERP	+0.0012%	1h	4,341.9	−0.122%	$25K	$14K	20x	as long as short
Extended XAU-USD	+0.0032%	1h	4,342.9	−0.099%	$13.6M	$39.9M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.074%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0037%	24h	4,345.1	−0.048%	$4.2M	$36.4M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,348.3	+0.025%	$3.8M	$4.6M	40x	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	4,380.1	+0.757%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,346.8	−0.009%	$5.6M	$1.9M	20x	as long as short
Aster XAUUSD1short	+0.0047%	4h	4,348.2	+0.024%	$70.0M	$331.4M	20x
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,343.1	−0.094%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,344.6	−0.060%	$293.3M	$48.8M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,343.8	−0.079%	$15.1M	$57.7M	25x	as long as short
Lighter XAU	+0.0056%	1h	4,345.8	−0.034%	$20.6M	$41.9M	25x	as long as short
Lighter RH XAU	+0.0080%	1h	4,348.4	+0.028%	$20.1M	$39.4M	25x	as long as short
Paradex XAU-USD-PERP	+0.0085%	8h	4,346.7	−0.012%	$19K	$5K	5x	as long as short
Binance XAUUSDT	+0.0098%	4h	4,347.1	−0.002%	$411.2M	$2.10B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,344.1	−0.071%	$1.4M	$1.2M	10x	as long as short
MEXC XAU_USDT	+0.0100%	4h	4,347.4	+0.004%	$371.2M	$316.6M	1000x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,344	−0.074%	$274K	$203K	50x	as long as short
Variational Omni XAU	+0.0102%	4h	4,347.9	+0.015%	$48.3M	$27.9M	—	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,346.6	−0.015%	$161K	$87	10x	as long as short
GRVT XAU_USDT_Perp	+0.0118%	4h	4,349.4	+0.051%	$1.4M	$3.0M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0118%	1h	4,346.4	−0.019%	$4.3M	$1.9M	20x	as long as short
edgeX XAUUSDC	+0.0126%	4h	4,342.6	−0.106%	$30.2M	$58.9M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,347.8	+0.014%	$47K	$77K	25x	as long as short
Bybit XAUUSDT	+0.0201%	4h	4,348.2	+0.024%	$84.3M	$145.1M	150x	as long as short
Bitget XAUUSDT	+0.0208%	4h	4,347.5	+0.007%	$69.6M	$109.3M	100x	as long as short
Bullet GOLD-USD	+0.0210%	1h	4,347.4	+0.004%	$58K	$83K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0233%	1h	4,345.8	−0.032%	$259K	$704K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0248%	8h	4,347.9	+0.016%	$164.3M	$282.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0270%	1h	4,344.5	−0.063%	$593K	$133K	25x	as long as short
Phemex XAUUSDT	+0.0352%	4h	4,351	+0.086%	$2.2M	$1.1M	100x	as long as short
BloFin XAU-USDT	+0.0366%	4h	4,347.8	+0.014%	—	$4.7M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0399% / S −0.0209%	1h	4,347.4	+0.004%	$251K	—	111x	as long as short
HTX XAU-USDT	+0.0580%	4h	4,353.1	+0.135%	$2.8M	$4.2M	75x	as long as short