Settings8H · net · $10k
Funding arb · Price arb /

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0261%/8h= +28.6% APRnext payment +$0.33 per $10,000 · paid last 24h +0.044%
Price spread now: GMX against Vest−0.740%54s7-day average −0.852% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.114%+$11 on $10k
Price spread, last 4 days (all we have)−0.022%−$2 · spread now −0.740%, 7d avg −0.852%
Together, before fees+0.091%+ Points / potential airdropVest: Active · farm board+$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and GMX is 0.112% dearer against Vest than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.852%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest GC-PERP4,355.10.0046pay 0.0006% / 1h18m 23s$1.0M25x
ShortGMX GOLD/USD [ETH-USDC]4,322.9L +0.0461% / S −0.0307%get 0.0038% / 1h18m 23s$252K111x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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

Funding earned
$54.89
Price spread: −0.740% → −0.852%
$11.25
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee GMX: 6 bp × 2 orders
−$12
Net
$52.14
Costs to cover
0.140%
Break-even
0.4 days
Slippage unknown: Vest: no order-book sample; GMX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Vest no order-book sample
Sell GMX no order-book sample
Vest and GMX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin GOLD-PERP−0.0059%1h4,315.2−0.916%$25K$1K20xas long as short
SunX XAU-USDT0.0000%4h4,326.8−0.650%$92K$7.6M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,319.3−0.821%$270K250xas long as short
Hotstuff GOLD-PERP+0.0016%1h4,319.3−0.822%$32K25xas long as short
Bybit XAUUSDT+0.0020%4h4,324.5−0.703%$77.3M$154.4M150xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.107%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,323.4−0.728%$3.8M$4.5M40xas long as short
QFEX GOLD-USD+0.0042%1h4,322−0.760%$5.4M$2.0M20xas long as short
Vest GC-PERPlong+0.0046%1h4,355.1long leg$1.0M25x
tradeXYZ xyz:GOLD+0.0050%1h4,319.6−0.815%$291.5M$51.3M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps XAU-USD.P+0.0050%1h4,318.6−0.838%$15.0M$55.5M25xas long as short
Aster XAUUSD1+0.0066%4h4,325−0.691%$72.5M$274.5M20xas long as short
Lighter XAU+0.0072%1h4,322.4−0.751%$20.3M$30.7M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,320.6−0.792%$2.1M$4.9M25xas long as short
Paradex XAU-USD-PERP+0.0078%8h4,322−0.759%$2K$14K5xas long as short
Kalshi KXGOLDPERP+0.0079%24h4,321.8−0.765%$3.8M$43.9M15xas long as short
GRVT XAU_USDT_Perp+0.0086%4h4,323.2−0.732%$1.4M$3.0M25xas long as short
Variational Omni XAU+0.0093%4h4,322.6−0.746%$47.3M$28.8Mas long as short
MEXC XAU_USDT+0.0098%4h4,323.1−0.735%$367.8M$332.1M1000xas long as short
Phoenix GOLD+0.0100%1h4,319.2−0.824%$47K$79K25xas long as short
Pacifica XAU+0.0100%1h4,319.4−0.820%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,319.8−0.811%$272K$208K50xas long as short
Binance XAUUSDT+0.0100%4h4,323.3−0.729%$423.2M$2.14B100xas long as short
Aevo XAU-PERP+0.0104%1h4,321.7−0.767%$160K$8710xas long as short
Extended XAU-USD+0.0112%1h4,319−0.830%$12.9M$37.0M25xas long as short
edgeX XAUUSDC+0.0116%4h4,318.4−0.843%$30.0M$59.7M50xas long as short
Gate XAU_USDT+0.0118%4h4,325.1−0.688%$282.4M$421.3M100xas long as short
Lighter RH XAU+0.0120%1h4,324.8−0.696%$19.9M$39.1M25xas long as short
Kraken Futures PF_XAUUSD+0.0153%1h4,319.7−0.813%$577K$146K25xas long as short
RISEx XAU/USDC+0.0184%1h4,325.2−0.688%$4.1M$12.8M25xas long as short
Bullet GOLD-USD+0.0184%1h4,323.4−0.728%$59K$82K10xas long as short
Polymarket Perps GOLD-USD+0.0214%1h4,323.2−0.732%$4.3M$1.9M20xas long as short
Bitget XAUUSDT+0.0222%4h4,322.8−0.743%$67.5M$118.3M100xas long as short
HTX XAU-USDT+0.0266%4h4,324.9−0.693%$2.8M$4.9M75xas long as short
OKX XAU-USDT-SWAP+0.0302%8h4,324.1−0.712%$172.6M$299.5M100xas long as short
Phemex XAUUSDT+0.0330%4h4,325.6−0.678%$2.2M$967K100xas long as short
BloFin XAU-USDT+0.0339%4h4,322.9−0.740%$16.2M$4.6M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0352%1h4,321.6−0.769%$191K$837K25xas long as short
GMX GOLD/USD [ETH-USDC]shortL +0.0461% / S −0.0307%1h4,322.9−0.740%$252K111x