Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0027%/8h= +2.9% APRpaid last 24h +0.008%

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

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

Long on Vest Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · Paradex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.739% cheaper against Vest than usual: you would sell low and buy high (spread −0.739% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$74 on $10k: about 3 months of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest GC-PERP	4,363.9	0.0046	pay 0.0006% / 1h	11m 05s	—	$1.0M	25x
Short	Paradex XAU-USD-PERP	4,331.7	0.0073	get 0.0073% / 8h	2h 11m	$19K	$5K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.739%Rate

Funding earned: $5.65
Price spread: −0.739% → 0.000%: −$73.88
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$74.23
Costs to cover: 0.060%
Break-even: 98.9 days

Slippage unknown: Vest: no order-book sample; Paradex: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Vest no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Vest and Paradex: 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
Bluefin GOLD-PERP	−0.0042%	1h	4,325.2	−0.888%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,337.2	−0.613%	$92K	$8.2M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,328.3	−0.815%	$271K	—	250x	as long as short
Bybit XAUUSDT	+0.0006%	4h	4,334.4	−0.677%	$77.9M	$156.8M	150x	as long as short
Extended XAU-USD	+0.0032%	1h	4,328.4	−0.814%	$13.1M	$36.8M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.309%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,330	−0.777%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,330	−0.777%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERPlong	+0.0046%	1h	4,363.9	long leg	—	$1.0M	25x
Lighter XAU	+0.0048%	1h	4,332.3	−0.724%	$20.4M	$31.8M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	4,329.7	−0.784%	$292.0M	$51.8M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,327.9	−0.824%	$15.0M	$56.6M	25x	as long as short
RISEx XAU/USDC	+0.0054%	1h	4,332.6	−0.718%	$3.8M	$12.5M	25x	as long as short
Kalshi KXGOLDPERP	+0.0063%	24h	4,333.1	−0.706%	$4.0M	$42.1M	15x	as long as short
Hotstuff GOLD-PERP	+0.0064%	1h	4,321.2	−0.978%	$32K	—	25x	as long as short
Lighter RH XAU	+0.0072%	1h	4,334.7	−0.670%	$19.9M	$38.9M	25x	as long as short
Gate XAU_USDT	+0.0072%	4h	4,334.3	−0.679%	$272.6M	$416.1M	100x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,327.9	−0.825%	$2.0M	$4.8M	25x	as long as short
Paradex XAU-USD-PERPshort	+0.0073%	8h	4,331.7	−0.739%	$19K	$5K	5x
Aster XAUUSD1	+0.0099%	4h	4,333.9	−0.688%	$72.3M	$330.9M	20x	as long as short
Pacifica XAU	+0.0100%	1h	4,327.8	−0.827%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,324.2	−0.910%	$272K	$208K	50x	as long as short
GRVT XAU_USDT_Perp	+0.0102%	4h	4,325.7	−0.876%	$1.4M	$3.0M	25x	as long as short
Variational Omni XAU	+0.0104%	4h	4,327.8	−0.827%	$46.9M	$28.6M	—	as long as short
MEXC XAU_USDT	+0.0110%	4h	4,333.2	−0.705%	$364.5M	$330.1M	1000x	as long as short
Binance XAUUSDT	+0.0112%	4h	4,333.1	−0.706%	$414.7M	$2.12B	100x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,331.2	−0.750%	$160K	$87	10x	as long as short
Phoenix GOLD	+0.0127%	1h	4,326.6	−0.855%	$47K	$77K	25x	as long as short
edgeX XAUUSDC	+0.0128%	4h	4,322.8	−0.942%	$30.1M	$60.2M	50x	as long as short
Bullet GOLD-USD	+0.0160%	1h	4,331.9	−0.732%	$58K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0176%	1h	4,331.8	−0.736%	$4.2M	$2.0M	20x	as long as short
HTX XAU-USDT	+0.0234%	4h	4,334.6	−0.671%	$2.8M	$5.0M	75x	as long as short
Kraken Futures PF_XAUUSD	+0.0247%	1h	4,329.4	−0.791%	$590K	$130K	25x	as long as short
Bitget XAUUSDT	+0.0258%	4h	4,333.1	−0.705%	$68.1M	$118.9M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0258%	1h	4,331.5	−0.742%	$195K	$826K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0333%	8h	4,333.7	−0.692%	$170.8M	$296.7M	100x	as long as short
BloFin XAU-USDT	+0.0359%	4h	4,333.3	−0.701%	$16.0M	$4.5M	100x	as long as short
Phemex XAUUSDT	+0.0404%	4h	4,335.2	−0.659%	$2.2M	$962K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0459% / S −0.0302%	1h	4,332.2	−0.726%	$253K	—	111x	as long as short