Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h −0.008%

Price spread now: Vest against Paradex+0.749%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · Vest: Active · farm boardneeds both histories

The price spread pays, funding is against you. Vest is 0.749% dearer against Paradex than usual: you sell high and buy low (spread +0.749% now, against zero (this spread has no 7-day history yet)): +$75 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XAU-USD-PERP	4,350.6	0.0070	pay 0.0070% / 8h	2h 46m	$19K	$5K	5x
Short	Vest GC-PERP	4,383.2	0.0046	get 0.0006% / 1h	46m 23s	—	$1.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Paradex. 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 ParadexbpFee VestbpOrdersPrice spread, now +0.749%Rate

Funding earned: −$5.06
Price spread: +0.749% → 0.000%: $74.9
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Vest: 1 bp × 2 orders: −$2
Net: $63.84
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; 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 Paradex no order-book sample	—	—	—	—	—
Sell Vest no order-book sample	—	—	—	—	—

Paradex and 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	4,344.4	−0.142%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,354.9	+0.099%	$93K	$8.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,346.3	−0.100%	$272K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0024%	1h	4,346.8	−0.088%	$33K	—	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,346.2	−0.102%	$13.2M	$37.3M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.004%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,351.5	+0.020%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,348.9	−0.039%	$5.5M	$2.1M	20x	as long as short
Vest GC-PERPshort	+0.0046%	1h	4,383.2	+0.749%	—	$1.0M	25x
tradeXYZ xyz:GOLD	+0.0050%	1h	4,346.5	−0.095%	$293.7M	$49.5M	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	4,347.3	−0.077%	$15.1M	$56.7M	25x	as long as short
RISEx XAU/USDC	+0.0054%	1h	4,350.8	+0.004%	$3.7M	$12.6M	25x	as long as short
Kalshi KXGOLDPERP	+0.0054%	24h	4,349.3	−0.030%	$4.2M	$39.4M	15x	as long as short
Lighter XAU	+0.0056%	1h	4,349	−0.038%	$20.7M	$30.4M	25x	as long as short
Bybit XAUUSDT	+0.0067%	4h	4,351.2	+0.013%	$80.2M	$151.7M	150x	as long as short
Paradex XAU-USD-PERPlong	+0.0070%	8h	4,350.6	long leg	$19K	$5K	5x
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,348.6	−0.046%	$2.1M	$4.7M	25x	as long as short
Gate XAU_USDT	+0.0074%	4h	4,351.7	+0.026%	$271.8M	$397.4M	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,346.9	−0.086%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,346.9	−0.085%	$277K	$204K	50x	as long as short
Lighter RH XAU	+0.0104%	1h	4,351.9	+0.030%	$20.1M	$38.1M	25x	as long as short
Aster XAUUSD1	+0.0106%	4h	4,352.4	+0.040%	$71.6M	$331.2M	20x	as long as short
Variational Omni XAU	+0.0108%	4h	4,349.5	−0.026%	$48.5M	$27.6M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,349.5	−0.026%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0118%	4h	4,350.1	−0.012%	$370.3M	$317.9M	1000x	as long as short
Binance XAUUSDT	+0.0118%	4h	4,350.1	−0.011%	$418.8M	$2.09B	100x	as long as short
GRVT XAU_USDT_Perp	+0.0124%	4h	4,350	−0.013%	$1.4M	$2.9M	25x	as long as short
Phoenix GOLD	+0.0127%	1h	4,347.7	−0.067%	$47K	$77K	25x	as long as short
edgeX XAUUSDC	+0.0132%	4h	4,345.7	−0.113%	$30.2M	$58.1M	50x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0141%	1h	4,348.6	−0.046%	$203K	$822K	25x	as long as short
Bullet GOLD-USD	+0.0158%	1h	4,350.1	−0.011%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0167%	1h	4,350	−0.014%	$4.3M	$2.0M	20x	as long as short
Phemex XAUUSDT	+0.0200%	4h	4,352.9	+0.052%	$2.2M	$967K	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0246%	1h	4,347.2	−0.079%	$591K	$128K	25x	as long as short
HTX XAU-USDT	+0.0266%	4h	4,352.4	+0.040%	$2.8M	$4.6M	75x	as long as short
Bitget XAUUSDT	+0.0278%	4h	4,350.5	−0.003%	$71.5M	$107.9M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0335%	8h	4,351.4	+0.018%	$168.1M	$282.0M	100x	as long as short
BloFin XAU-USDT	+0.0371%	4h	4,349.2	−0.032%	$15.8M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0428% / S −0.0252%	1h	4,350.1	−0.011%	$251K	—	111x	as long as short