Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0251%/8h= +27.5% APRpaid last 24h +0.049%

Price spread now: OKX against Vest−0.722%7-day average −0.816% · you buy dearer than you sell

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

Long on Vest Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.025%+$2 on $10k

Price spread, last 7 days−0.118%−$12 · spread now −0.722%, 7d avg −0.816%

Together, before fees−0.093%+ 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 OKX is 0.094% dearer against Vest than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.816%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.025% in total (about 2.7% 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	Vest GC-PERP	4,378.6	0.0046	pay 0.0006% / 1h	12m 16s	—	$1.0M	25x
Short	OKX XAU-USDT-SWAP	4,347	0.0297	get 0.0297% / 8h	4h 12m	$165.3M	$281.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.722%Rate

Funding earned: $52.74
Price spread: −0.722% → −0.816%: $9.45
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee OKX: 5 bp × 2 orders: −$10
Net: $50.18
Costs to cover: 0.120%
Break-even: 0.3 days

Slippage unknown: Vest: no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago	0.12 bp	5.1 bp −$5	5.1 bp −$51	7.3 bp −$730	13.3 bp −$6,639

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
RISEx XAU/USDC	0.0000%	1h	4,345.6	−0.754%	$3.4M	$12.3M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,347.3	−0.714%	$265.6M	$417.2M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,350.7	−0.638%	$92K	$8.9M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,341.8	−0.841%	$272K	—	250x	as long as short
Lighter XAU	+0.0032%	1h	4,344.2	−0.785%	$20.8M	$38.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,341.5	−0.847%	$13.2M	$38.3M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.644%	$619	$54	52x	as long as short
Lighter RH XAU	+0.0040%	1h	4,346.8	−0.727%	$20.1M	$39.4M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,348.1	−0.697%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0041%	1h	4,345.4	−0.758%	$5.7M	$2.0M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERPlong	+0.0046%	1h	4,378.6	long leg	—	$1.0M	25x
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,343.7	−0.797%	$2.0M	$4.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0048%	24h	4,344.6	−0.777%	$4.2M	$37.4M	15x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,342.8	−0.818%	$293.7M	$49.0M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,341.9	−0.838%	$15.1M	$56.8M	25x	as long as short
Aster XAUUSD1	+0.0059%	4h	4,346.4	−0.735%	$71.2M	$333.2M	20x	as long as short
Hotstuff GOLD-PERP	+0.0064%	1h	4,344	−0.790%	$33K	—	25x	as long as short
Variational Omni XAU	+0.0075%	4h	4,349.4	−0.666%	$48.4M	$28.0M	—	as long as short
Paradex XAU-USD-PERP	+0.0080%	8h	4,345.7	−0.750%	$19K	$5K	5x	as long as short
GRVT XAU_USDT_Perp	+0.0086%	4h	4,346.5	−0.734%	$1.4M	$2.9M	25x	as long as short
MEXC XAU_USDT	+0.0088%	4h	4,345.9	−0.746%	$372.0M	$319.4M	1000x	as long as short
Binance XAUUSDT	+0.0089%	4h	4,345.8	−0.749%	$413.3M	$2.10B	100x	as long as short
edgeX XAUUSDC	+0.0099%	4h	4,343.2	−0.809%	$30.2M	$58.3M	50x	as long as short
Pacifica XAU	+0.0100%	1h	4,343.4	−0.804%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,343.3	−0.807%	$274K	$203K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,340.7	−0.866%	$25K	$14K	20x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,344.8	−0.773%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0142%	1h	4,344.7	−0.774%	$47K	$77K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0161%	1h	4,345.6	−0.754%	$4.3M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0185%	1h	4,345.9	−0.747%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0194%	1h	4,343.2	−0.809%	$592K	$132K	25x	as long as short
Phemex XAUUSDT	+0.0231%	4h	4,349.3	−0.669%	$2.2M	$967K	100x	as long as short
Bitget XAUUSDT	+0.0232%	4h	4,346.2	−0.740%	$70.1M	$109.2M	100x	as long as short
Bybit XAUUSDT	+0.0240%	4h	4,347	−0.723%	$85.1M	$145.4M	150x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0257%	1h	4,344	−0.790%	$206K	$824K	25x	as long as short
OKX XAU-USDT-SWAPshort	+0.0297%	8h	4,347	−0.722%	$165.3M	$281.9M	100x
BloFin XAU-USDT	+0.0329%	4h	4,346.8	−0.726%	$15.6M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0418% / S −0.0239%	1h	4,346	−0.745%	$248K	—	111x	as long as short
HTX XAU-USDT	+0.0619%	4h	4,351.3	−0.624%	$2.8M	$4.6M	75x	as long as short