Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.022%

Price spread now: Vest against MEXC+0.743%7-day average +0.824% · you sell dearer than you buy

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

Long on MEXC 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+0.091%+$9 · spread now +0.743%, 7d avg +0.824%

Together, before fees+0.072%+ Points / potential airdropVest: Active · farm board+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Vest is 0.081% cheaper against MEXC than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.824%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XAU_USDT	4,324.5	0.0100	pay 0.0050% / 4h	56m 21s	$365.2M	$324.4M	1000x
Short	Vest GC-PERP	4,356.6	0.0046	get 0.0006% / 1h	56m 21s	—	$1.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against MEXC. 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 MEXCbpFee VestbpOrdersPrice spread, now +0.743%Rate

Funding earned: −$11.41
Price spread: +0.743% → +0.824%: −$8.1
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Vest: 1 bp × 2 orders: −$2
Net: −$25.51
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: MEXC: 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 MEXC live order book, 3 min ago	0.04 bp	2.0 bp −$2	2.0 bp −$20	2.3 bp −$227	21.8 bp −$10.9K
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	−0.0106%	1h	4,318	−0.149%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,328.9	+0.103%	$92K	$7.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,320.3	−0.096%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0026%	4h	4,325.1	+0.016%	$76.9M	$153.9M	150x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.600%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,324.6	+0.003%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,323	−0.034%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERPshort	+0.0046%	1h	4,356.6	+0.743%	—	$1.0M	25x
Lighter XAU	+0.0048%	1h	4,322.7	−0.040%	$20.3M	$28.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,320.3	−0.096%	$291.4M	$51.6M	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	4,319.3	−0.118%	$15.0M	$55.7M	25x	as long as short
Hotstuff GOLD-PERP	+0.0056%	1h	4,320.6	−0.089%	$32K	—	25x	as long as short
Aster XAUUSD1	+0.0059%	4h	4,326.3	+0.042%	$72.7M	$272.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,319.3	−0.119%	$2.1M	$4.8M	25x	as long as short
Paradex XAU-USD-PERP	+0.0073%	8h	4,322.8	−0.037%	$2K	$14K	5x	as long as short
Kalshi KXGOLDPERP	+0.0085%	24h	4,324.6	+0.003%	$3.8M	$44.3M	15x	as long as short
Variational Omni XAU	+0.0094%	4h	4,321.5	−0.069%	$47.2M	$29.1M	—	as long as short
GRVT XAU_USDT_Perp	+0.0098%	4h	4,321.8	−0.061%	$1.4M	$3.0M	25x	as long as short
Phoenix GOLD	+0.0100%	1h	4,319.5	−0.115%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,320	−0.103%	$1.4M	$1.2M	10x	as long as short
MEXC XAU_USDTlong	+0.0100%	4h	4,324.5	long leg	$365.2M	$324.4M	1000x
ApeX Omni XAUUSDT	+0.0100%	1h	4,318.8	−0.132%	$272K	$208K	50x	as long as short
Binance XAUUSDT	+0.0100%	4h	4,324.6	+0.003%	$424.7M	$2.14B	100x	as long as short
Gate XAU_USDT	+0.0102%	4h	4,325.8	+0.031%	$279.4M	$408.1M	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,323.4	−0.025%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0110%	4h	4,319	−0.127%	$30.1M	$59.2M	50x	as long as short
Lighter RH XAU	+0.0112%	1h	4,325.2	+0.018%	$20.0M	$38.5M	25x	as long as short
Extended XAU-USD	+0.0136%	1h	4,320.2	−0.099%	$13.0M	$36.3M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0190%	1h	4,322.6	−0.043%	$163K	$861K	25x	as long as short
Bullet GOLD-USD	+0.0190%	1h	4,324.6	+0.003%	$59K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0203%	1h	4,324.4	−0.001%	$4.3M	$2.0M	20x	as long as short
Bitget XAUUSDT	+0.0206%	4h	4,323.8	−0.015%	$68.5M	$118.1M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0228%	1h	4,321.5	−0.070%	$578K	$136K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0293%	8h	4,324.6	+0.003%	$173.3M	$300.1M	100x	as long as short
BloFin XAU-USDT	+0.0340%	4h	4,324.8	+0.009%	$16.4M	$4.6M	100x	as long as short
HTX XAU-USDT	+0.0343%	4h	4,330.3	+0.134%	$3.2M	$5.8M	75x	as long as short
Phemex XAUUSDT	+0.0366%	4h	4,325.9	+0.034%	$2.2M	$975K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,323.9	−0.012%	$253K	—	111x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,326.2	+0.041%	$4.1M	$12.9M	25x	as long as short