Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h −0.036%

Price spread now: Vest against Binance+0.795%7-day average +0.840% · you sell dearer than you buy

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

Long on Binance Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.019%−$2 on $10k

Price spread, last 2 days (all we have)+0.235%+$23 · spread now +0.795%, 7d avg +0.840%

Together, before fees+0.216%+ Points / potential airdropVest: Active · farm board+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. Vest is 0.046% cheaper against Binance than usual: you would sell low and buy high (spread +0.795% now, against its 7-day average of +0.840%). If the spread goes back, that is −$5 on $10k: about 3.3 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XAUUSDT	4,365.6	0	get 0.0000% / 4h	1h 04m	$409.8M	$2.09B	100x
Short	Vest GC-PERP	4,400.3	0.0046	get 0.0006% / 1h	4m 33s	—	$1.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BinancebpFee VestbpOrdersPrice spread, now +0.795%Rate

Funding earned: $9.59
Price spread: +0.795% → +0.840%: −$4.56
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: −$6.96
Costs to cover: 0.120%
Break-even: 12.1 days

Slippage unknown: Binance: live order book, 10 min ago; Vest: no order-book sample. 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 Binance live order book, 10 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	6.4 bp −$641	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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
Kraken Futures PF_XAUUSD	−0.0174%	1h	4,362.6	−0.070%	$602K	$139K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,366.5	+0.021%	$71.5M	$233.3M	20x	as long as short
Binance XAUUSDTlong	0.0000%	4h	4,365.6	long leg	$409.8M	$2.09B	100x
Bybit XAUUSDT	0.0000%	4h	4,366.9	+0.028%	$82.9M	$141.8M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,365.5	−0.002%	$3.4M	$12.4M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,367	+0.032%	$269.2M	$412.2M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,365.8	+0.003%	$377.1M	$354.6M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,366	+0.009%	$67.4M	$110.1M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,364.1	−0.034%	$48.5M	$31.2M	—	as long as short
GRVT XAU_USDT_Perp	0.0000%	4h	4,362.8	−0.065%	$1.4M	$3.1M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXGOLDPERP	0.0000%	24h	4,363.3	−0.053%	$4.0M	$34.6M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,369.2	+0.082%	$93K	$10.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,362.2	−0.079%	$268K	—	250x	as long as short
QFEX GOLD-USD	+0.0002%	1h	4,365.2	−0.009%	$5.6M	$1.7M	20x	as long as short
edgeX XAUUSDC	+0.0011%	4h	4,358.9	−0.153%	$30.3M	$58.0M	50x	as long as short
tradeXYZ xyz:GOLD	+0.0017%	1h	4,361.1	−0.103%	$293.5M	$52.7M	25x	as long as short
Lighter XAU	+0.0032%	1h	4,365.3	−0.007%	$20.9M	$44.8M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,367.5	+0.044%	$20.3M	$42.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,362.7	−0.066%	$13.1M	$46.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.348%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,363.6	−0.046%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERPshort	+0.0046%	1h	4,400.3	+0.795%	—	$1.0M	25x
Polymarket Perps GOLD-USD	+0.0050%	1h	4,364.2	−0.032%	$4.3M	$1.7M	20x	as long as short
Paradex XAU-USD-PERP	+0.0050%	8h	4,365.6	0.000%	$19K	$6K	5x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,362.2	−0.077%	$14.4M	$55.6M	25x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,364.2	−0.033%	$162K	$87	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0094%	1h	4,364.1	−0.035%	$235K	$734K	25x	as long as short
Bullet GOLD-USD	+0.0098%	1h	4,365.1	−0.012%	$60K	$85K	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,362.7	−0.066%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,361.6	−0.091%	$274K	$199K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,357.4	−0.188%	$26K	$21K	20x	as long as short
Hotstuff GOLD-PERP	+0.0104%	1h	4,361.1	−0.103%	$33K	—	25x	as long as short
Phoenix GOLD	+0.0109%	1h	4,361.7	−0.090%	$48K	$65K	25x	as long as short
HTX XAU-USDT	+0.0109%	4h	4,368.1	+0.058%	$2.8M	$3.8M	75x	as long as short
OKX XAU-USDT-SWAP	+0.0158%	8h	4,367.1	+0.034%	$158.3M	$270.1M	100x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0208%	1h	4,360.9	−0.108%	$2.0M	$5.1M	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,365	−0.013%	$14.8M	$4.3M	100x	as long as short
Phemex XAUUSDT	+0.0275%	4h	4,365.1	−0.012%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,365	−0.013%	$252K	—	111x	as long as short