Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0062%/8h= +6.8% APRpaid last 24h +0.022%

Price spread now: Binance against Vest−0.739%7-day average −0.811% · you buy dearer than you sell

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

Long on Vest Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.018%+$2 on $10k

Price spread, last 7 days−0.084%−$8 · spread now −0.739%, 7d avg −0.811%

Together, before fees−0.066%+ Points / potential airdropVest: Active · farm board−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.072% dearer against Vest than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.811%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest GC-PERP	4,347.8	0.0046	pay 0.0006% / 1h	17m 10s	—	$1.0M	25x
Short	Binance XAUUSDT	4,315.7	0.0108	get 0.0054% / 4h	17m 10s	$428.0M	$2.15B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Vest. 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 VestbpFee BinancebpOrdersPrice spread, now −0.739%Rate

Funding earned: $13.03
Price spread: −0.739% → −0.811%: $7.16
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Binance: 5 bp × 2 orders: −$10
Net: $8.19
Costs to cover: 0.120%
Break-even: 2.6 days

Slippage unknown: Vest: no order-book sample; Binance: live order book, 12 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 Binance live order book, 12 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	5.7 bp −$574	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
SunX XAU-USDT	0.0000%	4h	4,319.8	−0.644%	$92K	$7.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,311.4	−0.837%	$269K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.060%	$619	$54	52x	as long as short
Hotstuff GOLD-PERP	+0.0040%	1h	4,313.3	−0.794%	$32K	—	25x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,314.5	−0.766%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERPlong	+0.0046%	1h	4,347.8	long leg	—	$1.0M	25x
tradeXYZ xyz:GOLD	+0.0050%	1h	4,312.2	−0.819%	$290.8M	$51.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,311.9	−0.825%	$15.0M	$55.3M	25x	as long as short
StandX XAU-USD	+0.0056%	1h	4,319.2	−0.658%	$3.8M	$4.5M	40x	as long as short
Aster XAUUSD1	+0.0057%	4h	4,317	−0.709%	$72.9M	$272.1M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bluefin GOLD-PERP	+0.0062%	1h	4,309.4	−0.884%	$25K	$1K	20x	as long as short
Bybit XAUUSDT	+0.0062%	4h	4,316.3	−0.725%	$77.7M	$154.3M	150x	as long as short
Paradex XAU-USD-PERP	+0.0063%	8h	4,314.8	−0.760%	$2K	$14K	5x	as long as short
Lighter XAU	+0.0072%	1h	4,314.4	−0.768%	$20.3M	$30.1M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,312.3	−0.817%	$2.0M	$5.1M	25x	as long as short
Variational Omni XAU	+0.0095%	4h	4,317.1	−0.706%	$47.1M	$29.1M	—	as long as short
Kalshi KXGOLDPERP	+0.0096%	24h	4,317	−0.708%	$3.6M	$45.0M	15x	as long as short
Phoenix GOLD	+0.0096%	1h	4,314.7	−0.761%	$42K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,311.6	−0.833%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,315.1	−0.751%	$272K	$209K	50x	as long as short
Lighter RH XAU	+0.0104%	1h	4,316.9	−0.711%	$20.0M	$39.8M	25x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,314.8	−0.759%	$160K	$87	10x	as long as short
MEXC XAU_USDT	+0.0106%	4h	4,315.8	−0.736%	$363.5M	$334.7M	1000x	as long as short
Binance XAUUSDTshort	+0.0108%	4h	4,315.7	−0.739%	$428.0M	$2.15B	100x
GRVT XAU_USDT_Perp	+0.0110%	4h	4,316.3	−0.724%	$1.4M	$3.0M	25x	as long as short
Gate XAU_USDT	+0.0110%	4h	4,317.6	−0.694%	$285.8M	$424.1M	100x	as long as short
Extended XAU-USD	+0.0112%	1h	4,311.4	−0.838%	$13.2M	$36.8M	25x	as long as short
edgeX XAUUSDC	+0.0126%	4h	4,311.5	−0.835%	$30.0M	$60.3M	50x	as long as short
Bitget XAUUSDT	+0.0190%	4h	4,315.5	−0.743%	$70.2M	$120.7M	100x	as long as short
Bullet GOLD-USD	+0.0204%	1h	4,316	−0.731%	$59K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0219%	1h	4,315.6	−0.741%	$4.3M	$1.8M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0228%	1h	4,313	−0.800%	$574K	$138K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0260%	1h	4,314.4	−0.768%	$162K	$878K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0269%	8h	4,316.2	−0.727%	$174.8M	$303.3M	100x	as long as short
BloFin XAU-USDT	+0.0348%	4h	4,315.9	−0.734%	$16.6M	$4.9M	100x	as long as short
Phemex XAUUSDT	+0.0418%	4h	4,319.8	−0.645%	$2.2M	$977K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0465% / S −0.0311%	1h	4,317.1	−0.707%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.0507%	4h	4,323.7	−0.554%	$3.2M	$6.0M	75x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,315.2	−0.750%	$4.5M	$13.4M	25x	as long as short