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 0.000%

Price spread now: Vest against GRVT+0.789%7-day average +0.900% · you sell dearer than you buy

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

Long on GRVT Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.017%+$2 on $10k

Price spread, last 3 days (all we have)−0.033%−$3 · spread now +0.789%, 7d avg +0.900%

Together, before fees−0.016%+ Points / potential airdropGRVT: Active · Vest: Active · farm board−$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. Vest is 0.111% cheaper against GRVT than usual: you would sell low and buy high (spread +0.789% now, against its 7-day average of +0.900%). If the spread goes back, that is −$11 on $10k: about 8.1 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.017% in total) that is about 21 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT XAU_USDT_Perp	4,352.5	0	get 0.0000% / 4h	1h 49m	$1.4M	$3.2M	25x
Short	Vest GC-PERP	4,386.8	0.0046	get 0.0006% / 1h	49m 26s	—	$995K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against GRVT. 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 GRVTbpFee VestbpOrdersPrice spread, now +0.789%Rate

Funding earned: $9.59
Price spread: +0.789% → +0.900%: −$11.11
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Vest: 1 bp × 2 orders: −$2
Net: −$12.52
Costs to cover: 0.110%
Break-even: 16.1 days

Slippage unknown: GRVT: live order book, 4 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 GRVT live order book, 4 min ago	0.01 bp	4.7 bp −$5	4.9 bp −$49	4615.8 bp −$461.6K	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	−0.0175%	1h	4,350.1	−0.055%	$600K	$160K	25x	as long as short
tradeXYZ xyz:GOLD	−0.0077%	1h	4,348.2	−0.098%	$292.8M	$53.5M	25x	as long as short
Bluefin GOLD-PERP	−0.0037%	1h	4,346.5	−0.136%	$26K	$21K	20x	as long as short
Hotstuff GOLD-PERP	−0.0008%	1h	4,347.8	−0.107%	$33K	—	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,352.8	+0.006%	$71.3M	$238.7M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,352.6	+0.004%	$410.0M	$2.09B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,353.2	+0.017%	$82.5M	$141.8M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,352.8	+0.006%	$3.4M	$12.6M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,353.8	+0.031%	$271.4M	$406.6M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,352.7	+0.005%	$375.8M	$348.9M	1000x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XAUUSDT	0.0000%	4h	4,352.5	0.000%	$67.3M	$110.7M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,351.3	−0.026%	$47.9M	$32.5M	—	as long as short
GRVT XAU_USDT_Perplong	0.0000%	4h	4,352.5	long leg	$1.4M	$3.2M	25x
Kalshi KXGOLDPERP	0.0000%	24h	4,351.5	−0.022%	$3.9M	$33.9M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,357	+0.105%	$93K	$10.8M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,349.4	−0.071%	$267K	—	10x	as long as short
QFEX GOLD-USD	+0.0002%	1h	4,352	−0.011%	$5.5M	$1.9M	20x	as long as short
edgeX XAUUSDC	+0.0014%	4h	4,346.6	−0.135%	$30.3M	$58.2M	50x	as long as short
HTX XAU-USDT	+0.0022%	4h	4,356.8	+0.099%	$2.8M	$3.7M	75x	as long as short
Lighter XAU	+0.0032%	1h	4,350.7	−0.040%	$20.8M	$43.3M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,352.4	−0.003%	$20.2M	$41.1M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,349.4	−0.072%	$13.0M	$49.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.047%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,350.9	−0.036%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERPshort	+0.0046%	1h	4,386.8	+0.789%	—	$995K	25x
Deribit GOLD_USDC-PERPETUAL	+0.0049%	1h	4,351.4	−0.025%	$221K	$855K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,351.4	−0.025%	$4.3M	$1.7M	20x	as long as short
Paradex XAU-USD-PERP	+0.0050%	8h	4,352.7	+0.004%	$19K	$6K	5x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,348.9	−0.082%	$14.5M	$55.3M	25x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,352.5	+0.002%	$161K	$87	10x	as long as short
Bullet GOLD-USD	+0.0081%	1h	4,352.7	+0.005%	$59K	$84K	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,349.4	−0.071%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,347.4	−0.117%	$273K	$204K	50x	as long as short
Phoenix GOLD	+0.0109%	1h	4,348.1	−0.100%	$47K	$65K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0164%	8h	4,353.1	+0.014%	$158.5M	$268.8M	100x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0208%	1h	4,349.8	−0.061%	$2.0M	$5.1M	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,352.8	+0.008%	$14.8M	$4.3M	100x	as long as short
Phemex XAUUSDT	+0.0326%	4h	4,354.1	+0.038%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0450% / S −0.0246%	1h	4,352.7	+0.005%	$251K	—	29x	as long as short