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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.5% APRnext payment +$0.01 per $10,000 · paid last 24h +0.002%
Price spread now: tradeXYZ against Vest−0.852%7-day average −0.915% · 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)0.000%$0 on $10k
Price spread, last 7 days−0.040%−$4 · spread now −0.852%, 7d avg −0.915%
Together, before fees−0.040%+ Points / potential airdropVest: Active · tradeXYZ: Active · farm board−$4 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: tradeXYZ is 0.064% dearer against Vest than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.915%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest GC-PERP4,392.10.0046pay 0.0006% / 1h23m 49s$1.0M25x
ShorttradeXYZ xyz:GOLD4,354.70.0050get 0.0006% / 1h23m 49s$294.2M$48.7M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ 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
$0.91
Price spread: −0.852% → −0.915%
$6.35
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$12.74
Costs to cover
0.200%
Break-even
105.3 days
Slippage unknown: Vest: no order-book sample; tradeXYZ: live order book, 5 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 tradeXYZ live order book, 5 min ago0.12 bp9.3 bp −$910.1 bp −$10111.4 bp −$1,138doesn'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
SunX XAU-USDT0.0000%4h4,363.2−0.659%$93K$9.2M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,354.6−0.854%$267K250xas long as short
Gate XAU_USDT+0.0006%4h4,359−0.753%$264.6M$413.1M100xas long as short
RISEx XAU/USDC+0.0010%1h4,358.4−0.767%$3.4M$12.4M25xas long as short
Extended XAU-USD+0.0032%1h4,353.9−0.869%$13.6M$38.8M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.949%$619$5452xas long as short
Kalshi KXGOLDPERP+0.0039%24h4,356.4−0.813%$4.1M$37.0M15xas long as short
StandX XAU-USD+0.0040%1h4,358.9−0.756%$3.8M$4.6M40xas long as short
Aster XAUUSD1+0.0043%4h4,358.4−0.768%$70.6M$334.0M20xas long as short
Vest GC-PERPlong+0.0046%1h4,392.1long leg$1.0M25x
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX GOLD-USD+0.0046%1h4,357.2−0.795%$5.6M$1.9M20xas long as short
Coinbase International GOLD-PERP-INTX+0.0048%1h4,355.7−0.829%$2.0M$4.9M25xas long as short
tradeXYZ xyz:GOLDshort+0.0050%1h4,354.7−0.852%$294.2M$48.7M25x
Ondo Perps XAU-USD.P+0.0050%1h4,355−0.846%$15.1M$57.2M25xas long as short
GRVT XAU_USDT_Perp+0.0054%4h4,357.1−0.797%$1.4M$3.0M25xas long as short
Lighter XAU+0.0056%1h4,356.7−0.806%$20.7M$42.3M25xas long as short
Variational Omni XAU+0.0057%4h4,355.6−0.830%$48.3M$27.9Mas long as short
Lighter RH XAU+0.0064%1h4,359−0.755%$20.2M$39.7M25xas long as short
Binance XAUUSDT+0.0074%4h4,357.7−0.784%$412.0M$2.10B100xas long as short
MEXC XAU_USDT+0.0074%4h4,357.6−0.787%$372.0M$318.9M1000xas long as short
Paradex XAU-USD-PERP+0.0080%8h4,358.8−0.758%$19K$5K5xas long as short
edgeX XAUUSDC+0.0093%4h4,349.4−0.972%$30.3M$58.3M50xas long as short
Aevo XAU-PERP+0.0096%1h4,357.8−0.782%$161K$8710xas long as short
Pacifica XAU+0.0100%1h4,355.1−0.841%$1.4M$1.1M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,353.9−0.869%$275K$203K50xas long as short
Phemex XAUUSDT+0.0119%4h4,357.8−0.782%$2.2M$1.1M100xas long as short
Hotstuff GOLD-PERP+0.0120%1h4,355.2−0.840%$33K25xas long as short
Polymarket Perps GOLD-USD+0.0124%1h4,357.8−0.781%$4.3M$1.9M20xas long as short
Phoenix GOLD+0.0136%1h4,350.3−0.952%$47K$77K25xas long as short
Bybit XAUUSDT+0.0199%4h4,359.3−0.747%$84.5M$145.4M150xas long as short
Bullet GOLD-USD+0.0200%1h4,358.4−0.767%$60K$83K10xas long as short
Bitget XAUUSDT+0.0212%4h4,357.8−0.782%$70.2M$109.4M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0232%1h4,356.9−0.801%$278K$727K25xas long as short
OKX XAU-USDT-SWAP+0.0253%8h4,359.2−0.749%$165.2M$282.7M100xas long as short
Kraken Futures PF_XAUUSD+0.0269%1h4,355.5−0.833%$594K$133K25xas long as short
BloFin XAU-USDT+0.0296%4h4,356.2−0.817%$15.5M$4.6M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0401% / S −0.0213%1h4,358.4−0.767%$249K111xas long as short
Bluefin GOLD-PERP+0.0463%1h4,351.3−0.930%$25K$14K20xas long as short
HTX XAU-USDT+0.0566%4h4,364.4−0.631%$2.9M$4.2M75xas long as short