Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0194%/8h= −21.3% APRpaid last 24h −0.108%

Price spread now: Vest against BloFin+0.777%7-day average +0.859% · you sell dearer than you buy

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

Long on BloFin Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.247%−$25 on $10k

Price spread, last 3 days (all we have)−0.041%−$4 · spread now +0.777%, 7d avg +0.859%

Together, before fees−0.288%+ Points / potential airdropVest: Active · farm board−$29 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Vest is 0.082% cheaper against BloFin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.859%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XAU-USDT	4,366.9	0.0240	pay 0.0120% / 4h	41m 13s	$14.7M	$4.4M	100x
Short	Vest GC-PERP	4,400.8	0.0046	get 0.0006% / 1h	41m 13s	—	$1.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against BloFin. 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 BloFinbpFee VestbpOrdersPrice spread, now +0.777%Rate

Funding earned: −$40.81
Price spread: +0.777% → +0.859%: −$8.21
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$63.02
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: BloFin: 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 BloFin live order book, 3 min ago	0.03 bp	6.0 bp −$6	6.1 bp −$61	7.1 bp −$711	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
Bluefin GOLD-PERP	−0.0290%	1h	4,360.6	−0.143%	$26K	$21K	20x	as long as short
Phoenix GOLD	−0.0004%	1h	4,363.3	−0.082%	$48K	$65K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,366.8	−0.001%	$71.6M	$228.0M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,366.6	−0.007%	$408.0M	$2.11B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,367.1	+0.004%	$82.6M	$141.6M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,365.9	−0.022%	$3.4M	$12.4M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,367	+0.003%	$268.1M	$408.0M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,366.7	−0.003%	$377.3M	$321.4M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,366.4	−0.012%	$67.0M	$111.2M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,365.9	−0.023%	$48.5M	$30.6M	—	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XAU_USDT_Perp	0.0000%	4h	4,367.2	+0.007%	$1.4M	$3.1M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,363.6	−0.075%	$4.0M	$35.3M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,371.2	+0.100%	$93K	$10.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,362.6	−0.099%	$268K	—	250x	as long as short
edgeX XAUUSDC	+0.0019%	4h	4,360.5	−0.145%	$30.3M	$58.3M	50x	as long as short
QFEX GOLD-USD	+0.0032%	1h	4,365.7	−0.027%	$5.6M	$1.7M	20x	as long as short
Lighter XAU	+0.0032%	1h	4,365.8	−0.025%	$20.8M	$44.4M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,368.1	+0.028%	$20.3M	$41.6M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,362.9	−0.091%	$13.0M	$46.4M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.377%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,366.3	−0.013%	$3.8M	$4.7M	40x	as long as short
Bullet GOLD-USD	+0.0041%	1h	4,366.3	−0.013%	$60K	$81K	10x	as long as short
Vest GC-PERPshort	+0.0046%	1h	4,400.8	+0.777%	—	$1.0M	25x
tradeXYZ xyz:GOLD	+0.0050%	1h	4,362.7	−0.096%	$293.7M	$52.3M	25x	as long as short
Paradex XAU-USD-PERP	+0.0050%	8h	4,365.9	−0.021%	$19K	$6K	5x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,362.8	−0.094%	$14.5M	$56.1M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0071%	1h	4,365	−0.043%	$235K	$735K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0075%	1h	4,366	−0.020%	$4.3M	$1.8M	20x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,365.5	−0.032%	$162K	$87	10x	as long as short
Hotstuff GOLD-PERP	+0.0096%	1h	4,363.1	−0.087%	$33K	—	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,363.3	−0.082%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,361.3	−0.127%	$277K	$204K	50x	as long as short
HTX XAU-USDT	+0.0139%	4h	4,369.8	+0.068%	$2.8M	$3.8M	75x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0152%	1h	4,364	−0.066%	$2.0M	$5.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0154%	8h	4,367.2	+0.007%	$157.9M	$271.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0220%	1h	4,363.8	−0.069%	$602K	$138K	25x	as long as short
BloFin XAU-USDTlong	+0.0240%	4h	4,366.9	long leg	$14.7M	$4.4M	100x
Phemex XAUUSDT	+0.0307%	4h	4,369.9	+0.070%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0388% / S −0.0197%	1h	4,366.3	−0.013%	$252K	—	111x	as long as short