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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0005%/8h= +0.5% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Ondo Perps against Vest−0.843%7-day average −0.995% · 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)+0.004%$0 on $10k
Price spread, last 4 days (all we have)−0.030%−$3 · spread now −0.843%, 7d avg −0.995%
Together, before fees−0.026%+ Points / potential airdropVest: Active · Ondo Perps: Active · farm board−$3 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Ondo Perps is 0.152% dearer against Vest than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.995%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest GC-PERP4,391.70.0046pay 0.0006% / 1h15m 57s$1.0M25x
ShortOndo Perps XAU-USD.P4,354.70.0050get 0.0006% / 1h15m 57s$14.9M$57.9M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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
$0.99
Price spread: −0.843% → −0.995%
$15.17
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
$9.16
Costs to cover
0.070%
Break-even
from the start
Slippage unknown: Vest: no order-book sample; Ondo Perps: 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 Ondo Perps no order-book sample
Vest and Ondo Perps: 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 38 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
Gate XAU_USDT0.0000%4h4,360.1−0.719%$263.6M$413.5M100xas long as short
SunX XAU-USDT0.0000%4h4,362.2−0.673%$93K$9.5M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,353−0.881%$270K250xas long as short
Hotstuff GOLD-PERP+0.0024%1h4,355.8−0.817%$33K25xas long as short
Aster XAUUSD1+0.0030%4h4,356.6−0.800%$70.4M$296.7M20xas long as short
Extended XAU-USD+0.0032%1h4,352.7−0.889%$13.5M$41.8M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.940%$619$5452xas long as short
Kalshi KXGOLDPERP+0.0034%24h4,354.8−0.840%$4.1M$35.9M15xas long as short
StandX XAU-USD+0.0040%1h4,358.4−0.758%$3.8M$4.7M40xas long as short
Vest GC-PERPlong+0.0046%1h4,391.7long leg$1.0M25x
Show all 38 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:GOLD+0.0050%1h4,353.3−0.874%$294.2M$48.5M25xas long as short
Ondo Perps XAU-USD.Pshort+0.0050%1h4,354.7−0.843%$14.9M$57.9M25x
QFEX GOLD-USD+0.0051%1h4,357.3−0.783%$5.6M$1.9M20xas long as short
Lighter XAU+0.0056%1h4,355−0.835%$20.7M$43.7M25xas long as short
Lighter RH XAU+0.0064%1h4,357.5−0.778%$20.1M$41.0M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,353.8−0.863%$2.0M$5.0M25xas long as short
Polymarket Perps GOLD-USD+0.0073%1h4,357.1−0.788%$4.3M$1.9M20xas long as short
Paradex XAU-USD-PERP+0.0083%8h4,357.3−0.782%$19K$5K5xas long as short
Variational Omni XAU+0.0086%4h4,356−0.812%$48.2M$28.1Mas long as short
Pacifica XAU+0.0100%1h4,355−0.836%$1.4M$1.2M10xas long as short
MEXC XAU_USDT+0.0100%4h4,358.3−0.762%$375.9M$323.6M1000xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,358.5−0.757%$275K$204K50xas long as short
Bluefin GOLD-PERP+0.0100%1h4,350.6−0.936%$25K$14K20xas long as short
Binance XAUUSDT+0.0101%4h4,358−0.766%$409.5M$2.10B100xas long as short
Aevo XAU-PERP+0.0104%1h4,356.5−0.801%$161K$8710xas long as short
edgeX XAUUSDC+0.0112%4h4,353.3−0.874%$30.3M$59.9M50xas long as short
GRVT XAU_USDT_Perp+0.0116%4h4,360−0.722%$1.4M$2.9M25xas long as short
Phoenix GOLD+0.0121%1h4,356.9−0.792%$48K$64K25xas long as short
RISEx XAU/USDC+0.0135%1h4,357.6−0.776%$3.4M$12.4M25xas long as short
Bullet GOLD-USD+0.0165%1h4,357.7−0.774%$59K$83K10xas long as short
Bybit XAUUSDT+0.0174%4h4,359.5−0.734%$84.0M$143.7M150xas long as short
Bitget XAUUSDT+0.0182%4h4,359−0.745%$69.5M$109.6M100xas long as short
OKX XAU-USDT-SWAP+0.0237%8h4,360.1−0.720%$164.8M$282.0M100xas long as short
Kraken Futures PF_XAUUSD+0.0269%1h4,354.4−0.849%$594K$139K25xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0301%1h4,355.4−0.827%$242K$672K25xas long as short
Phemex XAUUSDT+0.0341%4h4,359.2−0.739%$2.2M$1.1M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0391% / S −0.0197%1h4,357.2−0.785%$251K111xas long as short
HTX XAU-USDT+0.0547%4h4,363.9−0.633%$2.9M$3.9M75xas long as short