Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0118%/8h= −13.0% APRpaid last 24h −0.001%

Price spread now: Vest against Gate+0.721%7-day average +0.794% · you sell dearer than you buy

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

Long on Gate Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.019%+$2 on $10k

Price spread, last 7 days+0.062%+$6 · spread now +0.721%, 7d avg +0.794%

Together, before fees+0.081%+ Points / potential airdropVest: Active · farm board+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Vest is 0.073% cheaper against Gate than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.794%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAU_USDT	4,299.4	0.0164	pay 0.0082% / 4h	3h 25m	$300.6M	$433.3M	100x
Short	Vest GC-PERP	4,330.4	0.0046	get 0.0006% / 1h	25m 57s	—	$1.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Gate. 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 GatebpFee VestbpOrdersPrice spread, now +0.721%Rate

Funding earned: −$24.85
Price spread: +0.721% → +0.794%: −$7.33
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Vest: 1 bp × 2 orders: −$2
Net: −$49.18
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Gate: 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 Gate live order book, 3 min ago	0.01 bp	7.5 bp −$8	8.2 bp −$82	13.9 bp −$1,388	17.4 bp −$8,698
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
Hotstuff GOLD-PERP	−0.0168%	1h	4,295.2	−0.098%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,300.5	+0.026%	$91K	$6.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,295.1	−0.100%	$272K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+1.187%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,300.9	+0.035%	$3.8M	$4.5M	40x	as long as short
Vest GC-PERPshort	+0.0046%	1h	4,330.4	+0.721%	—	$1.0M	25x
QFEX GOLD-USD	+0.0046%	1h	4,299.4	0.000%	$6.6M	$3.1M	20x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,292.9	−0.151%	$290.1M	$54.9M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,294.7	−0.109%	$4.3M	$1.8M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,294.7	−0.109%	$15.0M	$55.8M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XAUUSD1	+0.0054%	4h	4,298.2	−0.027%	$73.2M	$271.5M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,292.9	−0.151%	$2.0M	$5.1M	25x	as long as short
Paradex XAU-USD-PERP	+0.0061%	8h	4,299.4	0.000%	$2K	$13K	5x	as long as short
Lighter XAU	+0.0080%	1h	4,294.9	−0.104%	$20.2M	$29.4M	25x	as long as short
Extended XAU-USD	+0.0088%	1h	4,292.7	−0.157%	$13.0M	$36.3M	25x	as long as short
Bybit XAUUSDT	+0.0091%	4h	4,297.9	−0.034%	$77.4M	$159.6M	150x	as long as short
Variational Omni XAU	+0.0092%	4h	4,306.3	+0.161%	$46.7M	$29.2M	—	as long as short
Phoenix GOLD	+0.0095%	1h	4,298.3	−0.026%	$42K	$86K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,297.6	−0.042%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,303.5	+0.094%	$275K	$218K	50x	as long as short
MEXC XAU_USDT	+0.0108%	4h	4,297	−0.056%	$358.0M	$345.0M	1000x	as long as short
Binance XAUUSDT	+0.0110%	4h	4,297.2	−0.052%	$434.5M	$2.25B	100x	as long as short
Lighter RH XAU	+0.0112%	1h	4,297.7	−0.040%	$19.7M	$40.4M	25x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,296.7	−0.064%	$159K	$87	10x	as long as short
Kalshi KXGOLDPERP	+0.0112%	24h	4,300	+0.014%	$3.6M	$47.0M	15x	as long as short
edgeX XAUUSDC	+0.0121%	4h	4,304	+0.107%	$30.0M	$62.0M	50x	as long as short
RISEx XAU/USDC	+0.0126%	1h	4,298.7	−0.015%	$4.4M	$13.1M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0132%	4h	4,306	+0.153%	$1.4M	$3.1M	25x	as long as short
Gate XAU_USDTlong	+0.0164%	4h	4,299.4	long leg	$300.6M	$433.3M	100x
Bitget XAUUSDT	+0.0196%	4h	4,296.8	−0.061%	$70.3M	$127.0M	100x	as long as short
Bullet GOLD-USD	+0.0198%	1h	4,297	−0.056%	$58K	$81K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0216%	1h	4,295.4	−0.093%	$133K	$852K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0249%	8h	4,297.8	−0.037%	$169.4M	$339.0M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0329%	1h	4,294.8	−0.108%	$572K	$139K	25x	as long as short
BloFin XAU-USDT	+0.0387%	4h	4,302	+0.059%	$16.3M	$5.0M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0464% / S −0.0312%	1h	4,296.6	−0.065%	$253K	—	111x	as long as short
Phemex XAUUSDT	+0.0870%	4h	4,300.3	+0.021%	$2.2M	$974K	100x	as long as short
HTX XAU-USDT	+0.1124%	4h	4,304	+0.107%	$3.2M	$6.8M	75x	as long as short
Bluefin GOLD-PERP	+0.3006%	1h	4,292.6	−0.159%	$25K	$1K	20x	as long as short