Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0238%/8h= −26.1% APRpaid last 24h −0.050%

Price spread now: Vest against Bitget+0.743%7-day average +0.817% · you sell dearer than you buy

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

Long on Bitget Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.060%−$6 on $10k

Price spread, last 7 days+0.091%+$9 · spread now +0.743%, 7d avg +0.817%

Together, before fees+0.031%+ Points / potential airdropVest: Active · farm board+$3 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 Vest is 0.074% cheaper against Bitget than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.817%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.060% in total (about -6.4% 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	Bitget XAUUSDT	4,334.7	0.0284	pay 0.0142% / 4h	2h 31m	$71.6M	$111.3M	100x
Short	Vest GC-PERP	4,366.9	0.0046	get 0.0006% / 1h	31m 28s	—	$1.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Bitget. 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 BitgetbpFee VestbpOrdersPrice spread, now +0.743%Rate

Funding earned: −$50.05
Price spread: +0.743% → +0.817%: −$7.41
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$71.46
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 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 Bitget live order book, 3 min ago	0.01 bp	6.0 bp −$6	7.0 bp −$70	11.5 bp −$1,147	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
SunX XAU-USDT	0.0000%	4h	4,336.8	+0.049%	$92K	$8.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,329.2	−0.126%	$271K	—	250x	as long as short
Bluefin GOLD-PERP	+0.0025%	1h	4,326.3	−0.193%	$25K	$14K	20x	as long as short
Extended XAU-USD	+0.0032%	1h	4,331	−0.086%	$13.2M	$37.1M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.363%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,331.6	−0.071%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,333.4	−0.030%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERPshort	+0.0046%	1h	4,366.9	+0.743%	—	$1.0M	25x
Lighter XAU	+0.0048%	1h	4,333.8	−0.021%	$20.7M	$30.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,330.7	−0.092%	$292.4M	$50.4M	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	4,331	−0.085%	$15.0M	$56.6M	25x	as long as short
RISEx XAU/USDC	+0.0054%	1h	4,334.6	−0.003%	$3.7M	$12.3M	25x	as long as short
Kalshi KXGOLDPERP	+0.0057%	24h	4,333.4	−0.030%	$4.1M	$40.3M	15x	as long as short
Gate XAU_USDT	+0.0062%	4h	4,336.4	+0.039%	$273.4M	$403.3M	100x	as long as short
Bybit XAUUSDT	+0.0067%	4h	4,335	+0.007%	$79.1M	$154.4M	150x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,330.4	−0.099%	$2.1M	$4.7M	25x	as long as short
Paradex XAU-USD-PERP	+0.0072%	8h	4,334.5	−0.004%	$19K	$5K	5x	as long as short
Lighter RH XAU	+0.0096%	1h	4,336.2	+0.034%	$20.0M	$38.6M	25x	as long as short
Hotstuff GOLD-PERP	+0.0096%	1h	4,325.6	−0.210%	$32K	—	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,331.1	−0.083%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,328.3	−0.148%	$275K	$204K	50x	as long as short
Variational Omni XAU	+0.0109%	4h	4,335.3	+0.013%	$48.3M	$27.5M	—	as long as short
Aster XAUUSD1	+0.0112%	4h	4,335.9	+0.028%	$71.5M	$331.6M	20x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,333.8	−0.020%	$160K	$87	10x	as long as short
MEXC XAU_USDT	+0.0120%	4h	4,334.4	−0.006%	$365.4M	$322.0M	1000x	as long as short
Binance XAUUSDT	+0.0121%	4h	4,334.3	−0.009%	$417.4M	$2.13B	100x	as long as short
Phoenix GOLD	+0.0127%	1h	4,333.4	−0.030%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0132%	4h	4,332.3	−0.054%	$1.4M	$2.9M	25x	as long as short
edgeX XAUUSDC	+0.0138%	4h	4,329.7	−0.114%	$30.1M	$58.7M	50x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0143%	1h	4,331.5	−0.074%	$202K	$820K	25x	as long as short
Bullet GOLD-USD	+0.0164%	1h	4,332.8	−0.044%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0171%	1h	4,334	−0.016%	$4.2M	$2.0M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0247%	1h	4,329.9	−0.111%	$590K	$130K	25x	as long as short
HTX XAU-USDT	+0.0262%	4h	4,335.9	+0.027%	$2.8M	$4.8M	75x	as long as short
Bitget XAUUSDTlong	+0.0284%	4h	4,334.7	long leg	$71.6M	$111.3M	100x
OKX XAU-USDT-SWAP	+0.0339%	8h	4,335.1	+0.009%	$169.7M	$290.6M	100x	as long as short
Phemex XAUUSDT	+0.0381%	4h	4,336.9	+0.050%	$2.2M	$960K	100x	as long as short
BloFin XAU-USDT	+0.0403%	4h	4,330.2	−0.104%	$15.9M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0450% / S −0.0285%	1h	4,332.7	−0.046%	$250K	—	111x	as long as short