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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0597%/8h= +65.4% APRnext payment +$0.75 per $10,000 · paid last 24h +0.015%
Price spread now: RISEx against Vest−0.825%52s7-day average −0.822% · 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 4 days (all we have)+0.025%+$3 on $10k
Price spread, last 7 days−0.002%$0 · spread now −0.825%, 7d avg −0.822%
Together, before fees+0.023%+ Points / potential airdropVest: Active · farm board+$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.822%, so right now this pair is about funding alone: +$18 a day on $10k at the current rate. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.025% in total (about 2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.75 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest GC-PERP4,343.20.0046pay 0.0006% / 1h7m 41s$1.0M25x
ShortRISEx XAU/USDC4,307.40.0643get 0.0080% / 1h7m 41s$4.5M$13.1M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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
$125.4
Price spread: −0.825% → −0.822%
−$0.29
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee RISEx: 3 bp × 2 orders
−$6
Net
$117.1
Costs to cover
0.080%
Break-even
0.5 days
Slippage unknown: Vest: no order-book sample; RISEx: live order book, 1 min ago. 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 RISEx live order book, 1 min ago0.45 bp3.5 bp −$34.7 bp −$4752.3 bp −$5,233doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff GOLD-PERP−0.0032%1h4,308.8−0.792%$32K25xas long as short
SunX XAU-USDT0.0000%4h4,313.8−0.677%$92K$7.0M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,306.1−0.855%$268K250xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.166%$619$5452xas long as short
QFEX GOLD-USD+0.0045%1h4,309.3−0.781%$5.7M$2.7M20xas long as short
Vest GC-PERPlong+0.0046%1h4,343.2long leg$1.0M25x
tradeXYZ xyz:GOLD+0.0050%1h4,303.1−0.923%$290.0M$52.4M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,303.7−0.909%$15.0M$55.3M25xas long as short
Aster XAUUSD1+0.0057%4h4,308.8−0.793%$72.8M$271.9M20xas long as short
Paradex XAU-USD-PERP+0.0063%8h4,306.9−0.836%$2K$14K5xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin GOLD-PERP+0.0063%1h4,305.1−0.878%$25K$1K20xas long as short
Bybit XAUUSDT+0.0071%4h4,308.2−0.806%$77.5M$154.8M150xas long as short
Lighter XAU+0.0072%1h4,306.4−0.848%$20.2M$30.2M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,306.4−0.847%$2.0M$5.1M25xas long as short
Phoenix GOLD+0.0096%1h4,313.9−0.675%$42K$79K25xas long as short
Kalshi KXGOLDPERP+0.0099%24h4,312.9−0.698%$3.7M$45.2M15xas long as short
Variational Omni XAU+0.0100%4h4,316.5−0.616%$47.1M$29.0Mas long as short
Pacifica XAU+0.0100%1h4,304.1−0.900%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,313.5−0.684%$272K$209K50xas long as short
StandX XAU-USD+0.0103%1h4,320−0.534%$3.8M$4.5M40xas long as short
Lighter RH XAU+0.0104%1h4,308.9−0.789%$19.9M$40.2M25xas long as short
Extended XAU-USD+0.0104%1h4,303.1−0.923%$13.2M$36.6M25xas long as short
MEXC XAU_USDT+0.0108%4h4,307.3−0.827%$365.3M$339.7M1000xas long as short
Binance XAUUSDT+0.0110%4h4,306.8−0.838%$428.9M$2.15B100xas long as short
GRVT XAU_USDT_Perp+0.0112%4h4,316.1−0.625%$1.4M$3.0M25xas long as short
Aevo XAU-PERP+0.0112%1h4,309.5−0.777%$160K$8710xas long as short
Gate XAU_USDT+0.0116%4h4,309.1−0.785%$284.3M$429.8M100xas long as short
edgeX XAUUSDC+0.0127%4h4,313.1−0.692%$30.0M$59.8M50xas long as short
Bitget XAUUSDT+0.0190%4h4,306.8−0.839%$70.3M$121.2M100xas long as short
Bullet GOLD-USD+0.0199%1h4,310.7−0.749%$59K$81K10xas long as short
Polymarket Perps GOLD-USD+0.0221%1h4,311.1−0.739%$4.3M$1.8M20xas long as short
Kraken Futures PF_XAUUSD+0.0228%1h4,307.5−0.823%$573K$138K25xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0261%1h4,308.6−0.797%$136K$864K25xas long as short
OKX XAU-USDT-SWAP+0.0264%8h4,307.4−0.824%$175.1M$304.6M100xas long as short
BloFin XAU-USDT+0.0350%4h4,312.8−0.701%$16.5M$4.9M100xas long as short
Phemex XAUUSDT+0.0432%4h4,313.4−0.686%$2.2M$949K100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0465% / S −0.0312%1h4,310.7−0.749%$254K111xas long as short
HTX XAU-USDT+0.0537%4h4,318−0.580%$3.2M$6.1M75xas long as short
RISEx XAU/USDCshort+0.0643%1h4,307.4−0.825%$4.5M$13.1M25x