Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0039%/8h= +4.3% APRpaid last 24h −0.021%

Price spread now: Vest against Bybit+0.742%47s7-day average +0.804% · you sell dearer than you buy

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

Long on Bybit Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.020%−$2 on $10k

Price spread, last 7 days+0.078%+$8 · spread now +0.742%, 7d avg +0.804%

Together, before fees+0.057%+ Points / potential airdropVest: Active · farm board+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Vest is 0.062% cheaper against Bybit than usual: you would sell low and buy high (spread +0.742% now, against its 7-day average of +0.804%). If the spread goes back, that is −$6 on $10k: about 5.3 days of funding at the current rate (+$1 a day). The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XAUUSDT	4,334.9	0.0006	pay 0.0003% / 4h	2h 08m	$78.4M	$156.7M	150x
Short	Vest GC-PERP	4,367	0.0046	get 0.0006% / 1h	8m 42s	—	$1.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Bybit. 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 BybitbpFee VestbpOrdersPrice spread, now +0.742%Rate

Funding earned: $8.25
Price spread: +0.742% → +0.804%: −$6.2
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Vest: 1 bp × 2 orders: −$2
Net: −$10.95
Costs to cover: 0.130%
Break-even: 16.3 days

Slippage unknown: Bybit: live order book, 5 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 Bybit live order book, 5 min ago	0.01 bp	5.8 bp −$6	7.2 bp −$72	10.8 bp −$1,076	35.1 bp −$17.6K
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	−0.0052%	1h	4,327.8	−0.163%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,338.3	+0.079%	$92K	$8.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,330.6	−0.098%	$271K	—	250x	as long as short
Bybit XAUUSDTlong	+0.0006%	4h	4,334.9	long leg	$78.4M	$156.7M	150x
Extended XAU-USD	+0.0032%	1h	4,330.3	−0.104%	$13.1M	$36.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.359%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,333.7	−0.027%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,332.7	−0.050%	$5.5M	$2.1M	20x	as long as short
Vest GC-PERPshort	+0.0046%	1h	4,367	+0.742%	—	$1.0M	25x
Lighter XAU	+0.0048%	1h	4,333.1	−0.041%	$20.4M	$31.8M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	4,330.5	−0.100%	$292.0M	$51.6M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,330.3	−0.105%	$15.0M	$56.5M	25x	as long as short
RISEx XAU/USDC	+0.0054%	1h	4,335.4	+0.013%	$3.8M	$12.5M	25x	as long as short
Gate XAU_USDT	+0.0062%	4h	4,335.3	+0.009%	$272.9M	$417.4M	100x	as long as short
Kalshi KXGOLDPERP	+0.0063%	24h	4,334.8	−0.001%	$4.0M	$42.2M	15x	as long as short
Paradex XAU-USD-PERP	+0.0072%	8h	4,334.2	−0.014%	$19K	$5K	5x	as long as short
Lighter RH XAU	+0.0072%	1h	4,335.5	+0.015%	$19.9M	$39.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,330	−0.112%	$2.0M	$4.8M	25x	as long as short
Hotstuff GOLD-PERP	+0.0088%	1h	4,330.3	−0.105%	$32K	—	25x	as long as short
Aster XAUUSD1	+0.0097%	4h	4,334.4	−0.011%	$72.3M	$330.2M	20x	as long as short
Pacifica XAU	+0.0100%	1h	4,330.6	−0.099%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,330	−0.111%	$273K	$208K	50x	as long as short
Variational Omni XAU	+0.0101%	4h	4,331.5	−0.078%	$46.8M	$28.6M	—	as long as short
GRVT XAU_USDT_Perp	+0.0104%	4h	4,333.5	−0.032%	$1.4M	$3.0M	25x	as long as short
MEXC XAU_USDT	+0.0110%	4h	4,333.9	−0.022%	$363.8M	$330.9M	1000x	as long as short
Binance XAUUSDT	+0.0111%	4h	4,333.9	−0.022%	$414.8M	$2.12B	100x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,333.3	−0.036%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0126%	4h	4,327.8	−0.163%	$30.1M	$60.3M	50x	as long as short
Phoenix GOLD	+0.0127%	1h	4,326.6	−0.190%	$47K	$77K	25x	as long as short
Bullet GOLD-USD	+0.0160%	1h	4,334.7	−0.004%	$58K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0177%	1h	4,334.4	−0.010%	$4.2M	$2.0M	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0212%	1h	4,332.5	−0.054%	$195K	$827K	25x	as long as short
HTX XAU-USDT	+0.0233%	4h	4,336.9	+0.048%	$2.8M	$5.0M	75x	as long as short
Kraken Futures PF_XAUUSD	+0.0247%	1h	4,331	−0.090%	$590K	$130K	25x	as long as short
Bitget XAUUSDT	+0.0252%	4h	4,333.7	−0.027%	$68.1M	$118.9M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0331%	8h	4,334.2	−0.015%	$170.6M	$297.0M	100x	as long as short
BloFin XAU-USDT	+0.0357%	4h	4,333.3	−0.035%	$16.0M	$4.5M	100x	as long as short
Phemex XAUUSDT	+0.0381%	4h	4,335.2	+0.007%	$2.2M	$962K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0460% / S −0.0303%	1h	4,334.7	−0.004%	$253K	—	111x	as long as short