Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0216%/8h= −23.6% APRpaid last 24h −0.049%

Price spread now: Vest against OKX+0.720%7-day average +0.817% · you sell dearer than you buy

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

Long on OKX Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.026%−$3 on $10k

Price spread, last 7 days+0.131%+$13 · spread now +0.720%, 7d avg +0.817%

Together, before fees+0.106%+ Points / potential airdropVest: Active · farm board+$11 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 0.097% cheaper against OKX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.817%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.026% in total (about -2.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XAU-USDT-SWAP	4,347.2	0.0261	pay 0.0261% / 8h	5h 03m	$165.3M	$283.2M	100x
Short	Vest GC-PERP	4,378.5	0.0046	get 0.0006% / 1h	3m 59s	—	$1.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against OKX. 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 OKXbpFee VestbpOrdersPrice spread, now +0.720%Rate

Funding earned: −$45.29
Price spread: +0.720% → +0.817%: −$9.72
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: −$67.01
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: OKX: 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 OKX live order book, 5 min ago	0.12 bp	5.1 bp −$5	5.4 bp −$54	7.1 bp −$713	16.2 bp −$8,092
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	−0.0064%	1h	4,343.5	−0.085%	$33K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,350.2	+0.068%	$92K	$9.1M	20x	as long as short
Gate XAU_USDT	+0.0002%	4h	4,347.4	+0.004%	$264.3M	$417.7M	100x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,341.2	−0.138%	$266K	—	250x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,345.8	−0.032%	$3.4M	$12.3M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,341.6	−0.130%	$13.4M	$38.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.074%	$619	$54	52x	as long as short
Aster XAUUSD1	+0.0040%	4h	4,345.7	−0.034%	$70.8M	$334.1M	20x	as long as short
StandX XAU-USD	+0.0040%	1h	4,348	+0.018%	$3.8M	$4.6M	40x	as long as short
Kalshi KXGOLDPERP	+0.0041%	24h	4,344.5	−0.062%	$4.1M	$37.1M	15x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERPshort	+0.0046%	1h	4,378.5	+0.720%	—	$1.0M	25x
QFEX GOLD-USD	+0.0046%	1h	4,345.5	−0.039%	$5.7M	$2.0M	20x	as long as short
Lighter XAU	+0.0048%	1h	4,344.4	−0.065%	$20.6M	$42.6M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,342.3	−0.113%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,342.8	−0.101%	$293.7M	$48.9M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,342.4	−0.110%	$15.1M	$56.7M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0054%	4h	4,350.1	+0.067%	$1.4M	$2.9M	25x	as long as short
Lighter RH XAU	+0.0056%	1h	4,346.4	−0.019%	$20.1M	$39.9M	25x	as long as short
Variational Omni XAU	+0.0057%	4h	4,346	−0.027%	$48.5M	$27.7M	—	as long as short
MEXC XAU_USDT	+0.0074%	4h	4,346	−0.027%	$370.8M	$320.6M	1000x	as long as short
Binance XAUUSDT	+0.0075%	4h	4,346	−0.028%	$410.3M	$2.10B	100x	as long as short
Paradex XAU-USD-PERP	+0.0078%	8h	4,345.9	−0.030%	$19K	$5K	5x	as long as short
edgeX XAUUSDC	+0.0085%	4h	4,343.7	−0.081%	$30.2M	$58.5M	50x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,344.6	−0.061%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,342.5	−0.108%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,347	−0.005%	$275K	$203K	50x	as long as short
Polymarket Perps GOLD-USD	+0.0116%	1h	4,344.3	−0.067%	$4.3M	$1.9M	20x	as long as short
Phoenix GOLD	+0.0136%	1h	4,346	−0.028%	$47K	$77K	25x	as long as short
Bullet GOLD-USD	+0.0192%	1h	4,345.9	−0.030%	$60K	$83K	10x	as long as short
Phemex XAUUSDT	+0.0205%	4h	4,349.1	+0.045%	$2.2M	$1.1M	100x	as long as short
Bybit XAUUSDT	+0.0208%	4h	4,347.2	+0.001%	$84.3M	$145.4M	150x	as long as short
Bitget XAUUSDT	+0.0216%	4h	4,346.5	−0.016%	$70.2M	$109.4M	100x	as long as short
OKX XAU-USDT-SWAPlong	+0.0261%	8h	4,347.2	long leg	$165.3M	$283.2M	100x
Kraken Futures PF_XAUUSD	+0.0270%	1h	4,342.5	−0.107%	$592K	$133K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0280%	1h	4,343.6	−0.083%	$268K	$767K	25x	as long as short
BloFin XAU-USDT	+0.0297%	4h	4,347.2	0.000%	$15.7M	$4.6M	100x	as long as short
Bluefin GOLD-PERP	+0.0386%	1h	4,341.1	−0.141%	$25K	$14K	20x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0406% / S −0.0220%	1h	4,345.8	−0.033%	$248K	—	111x	as long as short
HTX XAU-USDT	+0.0592%	4h	4,352.1	+0.112%	$2.9M	$4.2M	75x	as long as short