Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h +0.023%

Price spread now: Aster against Vest−0.755%47s7-day average −0.867% · you buy dearer than you sell

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

Long on Vest Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.009%+$1 on $10k

Price spread, last 3 days (all we have)−0.027%−$3 · spread now −0.755%, 7d avg −0.867%

Together, before fees−0.019%+ Points / potential airdropVest: Active · Aster: Stage 5 · farm board−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.112% dearer against Vest than usual: you sell high and buy low (spread −0.755% now, against its 7-day average of −0.867%): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.2 days. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest GC-PERP	4,397.3	0.0046	pay 0.0006% / 1h	32m 45s	—	$1.0M	25x
Short	Aster XAUUSD1	4,364.1	0	get 0.0000% / 4h	3h 32m	$71.1M	$200.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Vest. 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 VestbpFee AsterbpOrdersPrice spread, now −0.755%Rate

Funding earned: −$9.59
Price spread: −0.755% → −0.867%: $11.2
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Aster: 4 bp × 2 orders: −$8
Net: −$8.4
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Aster: live order book, 1 min ago. 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 Vest no order-book sample	—	—	—	—	—
Sell Aster live order book, 1 min ago	0.01 bp	4.0 bp −$4	5.3 bp −$53	31.0 bp −$3,101	doesn't fit

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
Aster XAUUSD1short	0.0000%	4h	4,364.1	−0.755%	$71.1M	$200.8M	20x
Gate XAU_USDT	0.0000%	4h	4,365	−0.735%	$265.6M	$414.2M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,365.3	−0.727%	$48.6M	$27.5M	—	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,360.4	−0.839%	$4.0M	$36.6M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,367.6	−0.676%	$93K	$10.3M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,358.8	−0.875%	$267K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0008%	1h	4,360.1	−0.846%	$33K	—	25x	as long as short
MEXC XAU_USDT	+0.0008%	4h	4,363.9	−0.760%	$373.4M	$325.2M	1000x	as long as short
Binance XAUUSDT	+0.0011%	4h	4,364	−0.758%	$410.7M	$2.15B	100x	as long as short
edgeX XAUUSDC	+0.0022%	4h	4,359.4	−0.861%	$30.3M	$60.5M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−1.066%	$619	$54	52x	as long as short
BloFin XAU-USDT	+0.0035%	4h	4,363.8	−0.761%	$15.5M	$4.5M	100x	as long as short
Bitget XAUUSDT	+0.0038%	4h	4,364.3	−0.750%	$69.6M	$113.3M	100x	as long as short
StandX XAU-USD	+0.0040%	1h	4,365.8	−0.716%	$3.8M	$4.7M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,362.8	−0.785%	$5.6M	$1.9M	20x	as long as short
Vest GC-PERPlong	+0.0046%	1h	4,397.3	long leg	—	$1.0M	25x
RISEx XAU/USDC	+0.0048%	1h	4,363.9	−0.758%	$3.4M	$12.3M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,360.3	−0.841%	$293.9M	$52.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,358.9	−0.873%	$14.7M	$57.2M	25x	as long as short
Phoenix GOLD	+0.0055%	1h	4,362.9	−0.782%	$48K	$64K	25x	as long as short
Lighter XAU	+0.0072%	1h	4,362.6	−0.790%	$20.6M	$43.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0079%	8h	4,363.2	−0.776%	$19K	$5K	5x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,362.7	−0.787%	$162K	$87	10x	as long as short
Bybit XAUUSDT	+0.0089%	4h	4,364.5	−0.745%	$82.9M	$143.6M	150x	as long as short
Lighter RH XAU	+0.0096%	1h	4,365.1	−0.733%	$20.2M	$40.9M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,359.9	−0.851%	$2.0M	$5.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,360.6	−0.835%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,360.4	−0.838%	$277K	$204K	50x	as long as short
Extended XAU-USD	+0.0128%	1h	4,359.5	−0.859%	$13.5M	$44.1M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0128%	1h	4,362.4	−0.794%	$4.3M	$1.8M	20x	as long as short
GRVT XAU_USDT_Perp	+0.0154%	4h	4,365.2	−0.729%	$1.4M	$3.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0191%	8h	4,365.4	−0.725%	$165.6M	$286.3M	100x	as long as short
Bullet GOLD-USD	+0.0213%	1h	4,363.7	−0.765%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,360.5	−0.836%	$595K	$150K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0255%	1h	4,362	−0.803%	$235K	$656K	25x	as long as short
Bluefin GOLD-PERP	+0.0333%	1h	4,357	−0.916%	$26K	$22K	20x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,363.5	−0.769%	$252K	—	111x	as long as short
Phemex XAUUSDT	+0.0592%	4h	4,367.3	−0.682%	$2.2M	$1.1M	100x	as long as short
HTX XAU-USDT	+0.0649%	4h	4,368.8	−0.648%	$2.9M	$3.9M	75x	as long as short