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−0.0348%/8h= −38.1% APRnext payment $0.43 per $10,000 · paid last 24h −0.089%
Price spread now: Vest against GMX+0.796%7-day average +0.860% · you sell dearer than you buy
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)−0.298%−$30 on $10k
Price spread, last 3 days (all we have)−0.034%−$3 · spread now +0.796%, 7d avg +0.860%
Together, before fees−0.332%+ Points / potential airdropVest: Active · farm board−$33 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Vest is 0.064% cheaper against GMX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.860%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX GOLD/USD [ETH-USDC]4,361.5L +0.0394% / S −0.0199%pay 0.0049% / 1h59m 05s$254K111x
ShortVest GC-PERP4,396.20.0046get 0.0006% / 1h59m 05s$1.0M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest against GMX. 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
−$73.07
Price spread: +0.796% → +0.860%
−$6.37
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Vest: 1 bp × 2 orders
−$2
Net
−$93.43
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; Vest: 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 GMX no order-book sample
Sell Vest no order-book sample
GMX and 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
Bluefin GOLD-PERP−0.0167%1h4,355.4−0.139%$26K$22K20xas long as short
Aster XAUUSD10.0000%4h4,361.8+0.007%$69.8M$241.9M20xas long as short
Gate XAU_USDT0.0000%4h4,361.3−0.005%$264.7M$400.2M100xas long as short
Kalshi KXGOLDPERP0.0000%24h4,360−0.034%$4.0M$36.4M15xas long as short
SunX XAU-USDT0.0000%4h4,365.4+0.089%$93K$10.0M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,357.4−0.094%$269K250xas long as short
Extended XAU-USD+0.0032%1h4,357.5−0.091%$13.5M$43.5M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.253%$619$5452xas long as short
Variational Omni XAU+0.0040%4h4,362+0.012%$48.4M$28.5Mas long as short
StandX XAU-USD+0.0040%1h4,363+0.035%$3.8M$4.7M40xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX GOLD-USD+0.0045%1h4,362.7+0.028%$5.6M$1.9M20xas long as short
Vest GC-PERPshort+0.0046%1h4,396.2+0.796%$1.0M25x
Hotstuff GOLD-PERP+0.0048%1h4,359.9−0.036%$33K25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,357−0.103%$294.0M$51.8M25xas long as short
Polymarket Perps GOLD-USD+0.0050%1h4,361−0.011%$4.3M$1.8M20xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,358.8−0.061%$14.8M$57.3M25xas long as short
Phoenix GOLD+0.0055%1h4,359.6−0.043%$48K$64K25xas long as short
MEXC XAU_USDT+0.0058%4h4,361−0.011%$372.3M$318.3M1000xas long as short
Binance XAUUSDT+0.0060%4h4,361.4−0.001%$411.5M$2.13B100xas long as short
edgeX XAUUSDC+0.0063%4h4,356.5−0.113%$30.3M$60.4M50xas long as short
Lighter RH XAU+0.0064%1h4,361.6+0.004%$20.2M$40.5M25xas long as short
Lighter XAU+0.0072%1h4,359.9−0.037%$20.6M$43.2M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,358.6−0.066%$2.0M$5.0M25xas long as short
Paradex XAU-USD-PERP+0.0088%8h4,363.3+0.043%$19K$5K5xas long as short
Aevo XAU-PERP+0.0096%1h4,360.8−0.015%$161K$8710xas long as short
Pacifica XAU+0.0100%1h4,360.1−0.031%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,359.2−0.053%$275K$204K50xas long as short
Bitget XAUUSDT+0.0112%4h4,360.1−0.032%$69.5M$111.5M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0117%1h4,359.8−0.038%$235K$659K25xas long as short
RISEx XAU/USDC+0.0135%1h4,362.9+0.032%$3.4M$12.4M25xas long as short
GRVT XAU_USDT_Perp+0.0152%4h4,362.3+0.018%$1.4M$3.1M25xas long as short
Bullet GOLD-USD+0.0155%1h4,362.6+0.025%$59K$82K10xas long as short
Bybit XAUUSDT+0.0195%4h4,361.1−0.009%$83.6M$145.1M150xas long as short
OKX XAU-USDT-SWAP+0.0216%8h4,361.7+0.005%$164.2M$286.6M100xas long as short
BloFin XAU-USDT+0.0241%4h4,362.7+0.029%$15.4M$4.6M100xas long as short
Kraken Futures PF_XAUUSD+0.0269%1h4,358.7−0.063%$594K$141K25xas long as short
Phemex XAUUSDT+0.0291%4h4,364.2+0.061%$2.2M$1.1M100xas long as short
GMX GOLD/USD [ETH-USDC]longL +0.0394% / S −0.0199%1h4,361.5long leg$254K111x
HTX XAU-USDT+0.0558%4h4,368+0.149%$2.9M$3.9M75xas long as short