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: Vest against Ondo Perps+0.821%7-day average +0.995% · 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)−0.004%$0 on $10k
Price spread, last 4 days (all we have)+0.052%+$5 · spread now +0.821%, 7d avg +0.995%
Together, before fees+0.048%+ Points / potential airdropOndo Perps: Active · Vest: Active · farm board+$5 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: Vest is 0.174% cheaper against Ondo Perps than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.995%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps XAU-USD.P4,355.10.0050pay 0.0006% / 1h14m 49s$14.9M$58.0M25x
ShortVest GC-PERP4,390.90.0046get 0.0006% / 1h14m 49s$1.0M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest against Ondo Perps. 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: +0.821% → +0.995%
−$17.38
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee Vest: 1 bp × 2 orders
−$2
Net
−$25.37
Costs to cover
0.070%
Break-even
never at this rate
Slippage unknown: Ondo Perps: 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 Ondo Perps no order-book sample
Sell Vest no order-book sample
Ondo Perps 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 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
Hotstuff GOLD-PERP−0.0016%1h4,354.8−0.008%$33K25xas long as short
Gate XAU_USDT0.0000%4h4,356+0.019%$263.2M$413.6M100xas long as short
SunX XAU-USDT0.0000%4h4,362.5+0.168%$93K$9.5M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,352.9−0.051%$270K250xas long as short
Extended XAU-USD+0.0032%1h4,350.9−0.097%$13.5M$41.8M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.108%$619$5452xas long as short
Kalshi KXGOLDPERP+0.0034%24h4,354.2−0.021%$4.1M$36.0M15xas long as short
Aster XAUUSD1+0.0035%4h4,354.8−0.008%$70.4M$298.2M20xas long as short
StandX XAU-USD+0.0040%1h4,358.3+0.073%$3.8M$4.7M40xas long as short
Vest GC-PERPshort+0.0046%1h4,390.9+0.821%$1.0M25x
Show all 38 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:GOLD+0.0050%1h4,350.9−0.097%$294.1M$48.5M25xas long as short
Ondo Perps XAU-USD.Plong+0.0050%1h4,355.1long leg$14.9M$58.0M25x
QFEX GOLD-USD+0.0051%1h4,357.8+0.061%$5.6M$1.9M20xas long as short
Lighter XAU+0.0056%1h4,355.7+0.013%$20.7M$43.7M25xas long as short
Lighter RH XAU+0.0064%1h4,357.3+0.051%$20.1M$41.0M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,354.9−0.005%$2.0M$5.0M25xas long as short
Polymarket Perps GOLD-USD+0.0074%1h4,356.6+0.034%$4.3M$1.9M20xas long as short
Paradex XAU-USD-PERP+0.0083%8h4,358.1+0.069%$19K$5K5xas long as short
Variational Omni XAU+0.0086%4h4,356+0.021%$48.2M$28.1Mas long as short
Pacifica XAU+0.0100%1h4,355.1−0.001%$1.4M$1.2M10xas long as short
MEXC XAU_USDT+0.0100%4h4,354.9−0.006%$375.7M$323.8M1000xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,358.5+0.076%$275K$204K50xas long as short
Bluefin GOLD-PERP+0.0100%1h4,350.7−0.103%$25K$14K20xas long as short
Binance XAUUSDT+0.0102%4h4,354−0.027%$409.1M$2.10B100xas long as short
Aevo XAU-PERP+0.0104%1h4,356.6+0.035%$161K$8710xas long as short
edgeX XAUUSDC+0.0112%4h4,353.3−0.042%$30.3M$59.9M50xas long as short
GRVT XAU_USDT_Perp+0.0116%4h4,360+0.112%$1.4M$2.9M25xas long as short
Phoenix GOLD+0.0121%1h4,356.9+0.041%$48K$64K25xas long as short
RISEx XAU/USDC+0.0135%1h4,358+0.065%$3.4M$12.4M25xas long as short
Bullet GOLD-USD+0.0167%1h4,357.6+0.057%$59K$83K10xas long as short
Bybit XAUUSDT+0.0177%4h4,354.9−0.006%$84.0M$143.8M150xas long as short
Bitget XAUUSDT+0.0184%4h4,353.7−0.033%$69.4M$109.6M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0209%1h4,354.9−0.005%$242K$672K25xas long as short
OKX XAU-USDT-SWAP+0.0238%8h4,355.9+0.018%$164.9M$281.6M100xas long as short
Kraken Futures PF_XAUUSD+0.0269%1h4,354.7−0.010%$594K$139K25xas long as short
Phemex XAUUSDT+0.0340%4h4,359.9+0.108%$2.2M$1.1M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0391% / S −0.0197%1h4,357.4+0.053%$251K111xas long as short
HTX XAU-USDT+0.0554%4h4,363.2+0.185%$2.9M$3.9M75xas long as short