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: Vest against RISEx+0.742%7-day average +0.822% · 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 4 days (all we have)−0.025%−$3 on $10k
Price spread, last 7 days+0.086%+$9 · spread now +0.742%, 7d avg +0.822%
Together, before fees+0.061%+ Points / potential airdropVest: Active · farm board+$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Vest is 0.081% cheaper against RISEx than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.822%). Swap the legs.
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
LongRISEx XAU/USDC4,324.50.0643pay 0.0080% / 1h31m 30s$4.6M$13.3M25x
ShortVest GC-PERP4,356.60.0046get 0.0006% / 1h31m 30s$1.0M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest against RISEx. 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: +0.742% → +0.822%
−$8.06
Slippage, 4 orders
no order book: not counted
Fee RISEx: 3 bp × 2 orders
−$6
Fee Vest: 1 bp × 2 orders
−$2
Net
−$141.45
Costs to cover
0.080%
Break-even
never at this rate
Slippage unknown: RISEx: live order book, 3 min ago; 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 RISEx live order book, 3 min ago0.01 bp3.0 bp −$33.9 bp −$3933.6 bp −$3,357doesn't fit
Sell Vest no order-book sample
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−0.0096%1h4,322.5−0.047%$32K25xas long as short
Bluefin GOLD-PERP−0.0086%1h4,318.6−0.137%$25K$1K20xas long as short
SunX XAU-USDT0.0000%4h4,328.4+0.089%$92K$7.3M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,321.6−0.068%$270K250xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.599%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,327.2+0.062%$3.8M$4.5M40xas long as short
QFEX GOLD-USD+0.0045%1h4,324.1−0.010%$5.4M$2.0M20xas long as short
Vest GC-PERPshort+0.0046%1h4,356.6+0.742%$1.0M25x
tradeXYZ xyz:GOLD+0.0050%1h4,321.4−0.072%$291.7M$51.5M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,320.3−0.098%$15.0M$55.6M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit XAUUSDT+0.0054%4h4,325.6+0.024%$77.7M$152.8M150xas long as short
Aster XAUUSD1+0.0058%4h4,326+0.035%$72.9M$271.9M20xas long as short
Lighter XAU+0.0064%1h4,323.5−0.023%$20.5M$29.4M25xas long as short
Paradex XAU-USD-PERP+0.0065%8h4,324.1−0.009%$2K$14K5xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,320.5−0.093%$2.1M$4.8M25xas long as short
Variational Omni XAU+0.0089%4h4,324.9+0.009%$47.2M$29.3Mas long as short
Kalshi KXGOLDPERP+0.0093%24h4,325.7+0.027%$3.8M$44.6M15xas long as short
Phoenix GOLD+0.0096%1h4,323.3−0.028%$47K$79K25xas long as short
Pacifica XAU+0.0100%1h4,321−0.081%$1.4M$1.2M10xas long as short
MEXC XAU_USDT+0.0100%4h4,324.9+0.009%$362.9M$327.8M1000xas long as short
GRVT XAU_USDT_Perp+0.0100%4h4,326.8+0.052%$1.4M$3.0M25xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,320.9−0.085%$272K$208K50xas long as short
Binance XAUUSDT+0.0101%4h4,324.6+0.002%$425.1M$2.13B100xas long as short
Aevo XAU-PERP+0.0104%1h4,323.7−0.019%$160K$8710xas long as short
Gate XAU_USDT+0.0108%4h4,326.6+0.048%$285.8M$416.7M100xas long as short
edgeX XAUUSDC+0.0117%4h4,322.9−0.036%$30.1M$59.6M50xas long as short
Lighter RH XAU+0.0120%1h4,326.2+0.038%$20.0M$39.2M25xas long as short
Extended XAU-USD+0.0128%1h4,320.6−0.090%$13.2M$36.8M25xas long as short
Bitget XAUUSDT+0.0194%4h4,324.4−0.004%$70.1M$118.5M100xas long as short
Bullet GOLD-USD+0.0206%1h4,324.4−0.003%$58K$81K10xas long as short
Polymarket Perps GOLD-USD+0.0219%1h4,324.3−0.005%$4.3M$1.9M20xas long as short
Kraken Futures PF_XAUUSD+0.0228%1h4,322.1−0.056%$578K$135K25xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0236%1h4,322.4−0.049%$163K$872K25xas long as short
OKX XAU-USDT-SWAP+0.0276%8h4,325.3+0.018%$173.9M$299.0M100xas long as short
BloFin XAU-USDT+0.0341%4h4,324.9+0.009%$16.4M$4.6M100xas long as short
Phemex XAUUSDT+0.0370%4h4,327.2+0.062%$2.2M$975K100xas long as short
HTX XAU-USDT+0.0424%4h4,331.1+0.151%$3.2M$5.9M75xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0462% / S −0.0307%1h4,324.3−0.006%$253K111xas long as short
RISEx XAU/USDClong+0.0643%1h4,324.5long leg$4.6M$13.3M25x