Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h +0.029%

Price spread now: Binance against Vest−0.742%7-day average −0.813% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Vest Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.016%+$2 on $10k

Price spread, last 7 days−0.092%−$9 · spread now −0.742%, 7d avg −0.813%

Together, before fees−0.076%+ Points / potential airdropVest: Active · farm board−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.070% dearer against Vest than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.813%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest GC-PERP	4,378.6	0.0046	pay 0.0006% / 1h	11m 34s	—	$1.0M	25x
Short	Binance XAUUSDT	4,346.1	0.0089	get 0.0044% / 4h	11m 34s	$413.8M	$2.10B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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

Position, each leg$Hold fordaysFee VestbpFee BinancebpOrdersPrice spread, now −0.742%Rate

Funding earned: $9.08
Price spread: −0.742% → −0.813%: $7.04
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Binance: 5 bp × 2 orders: −$10
Net: $4.13
Costs to cover: 0.120%
Break-even: 3.8 days

Slippage unknown: Vest: no order-book sample; Binance: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Vest no order-book sample	—	—	—	—	—
Sell Binance live order book, 3 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	6.6 bp −$660	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx XAU/USDC	0.0000%	1h	4,345.6	−0.754%	$3.4M	$12.3M	25x	as long as short
Hotstuff GOLD-PERP	0.0000%	1h	4,342.7	−0.820%	$33K	—	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,347.6	−0.709%	$265.9M	$417.3M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,350.7	−0.638%	$92K	$8.9M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,341.8	−0.841%	$272K	—	250x	as long as short
Lighter XAU	+0.0032%	1h	4,344.7	−0.774%	$20.8M	$38.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,341.8	−0.840%	$13.2M	$38.3M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.644%	$619	$54	52x	as long as short
Lighter RH XAU	+0.0040%	1h	4,346.7	−0.728%	$20.1M	$39.4M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,346.8	−0.726%	$3.8M	$4.5M	40x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USD	+0.0041%	1h	4,345.6	−0.754%	$5.7M	$2.0M	20x	as long as short
Vest GC-PERPlong	+0.0046%	1h	4,378.6	long leg	—	$1.0M	25x
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,343.7	−0.797%	$2.0M	$4.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0048%	24h	4,344.6	−0.777%	$4.2M	$37.4M	15x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,343.1	−0.811%	$293.8M	$49.0M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,342.3	−0.830%	$15.1M	$56.8M	25x	as long as short
Aster XAUUSD1	+0.0059%	4h	4,346.5	−0.733%	$71.2M	$333.2M	20x	as long as short
Variational Omni XAU	+0.0075%	4h	4,349.4	−0.666%	$48.4M	$28.0M	—	as long as short
Paradex XAU-USD-PERP	+0.0080%	8h	4,345.4	−0.759%	$19K	$5K	5x	as long as short
GRVT XAU_USDT_Perp	+0.0086%	4h	4,346.5	−0.734%	$1.4M	$2.9M	25x	as long as short
MEXC XAU_USDT	+0.0088%	4h	4,346.1	−0.742%	$372.0M	$320.4M	1000x	as long as short
Binance XAUUSDTshort	+0.0089%	4h	4,346.1	−0.742%	$413.8M	$2.10B	100x
edgeX XAUUSDC	+0.0099%	4h	4,343.2	−0.809%	$30.2M	$58.3M	50x	as long as short
Pacifica XAU	+0.0100%	1h	4,342.5	−0.824%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,343.3	−0.807%	$274K	$203K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,340.7	−0.866%	$25K	$14K	20x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,344.8	−0.773%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0142%	1h	4,344.7	−0.774%	$47K	$77K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0162%	1h	4,345.8	−0.749%	$4.3M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0186%	1h	4,346	−0.744%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0194%	1h	4,343.2	−0.809%	$592K	$132K	25x	as long as short
Phemex XAUUSDT	+0.0231%	4h	4,349.3	−0.669%	$2.2M	$967K	100x	as long as short
Bitget XAUUSDT	+0.0232%	4h	4,346.5	−0.734%	$70.1M	$109.2M	100x	as long as short
Bybit XAUUSDT	+0.0240%	4h	4,347.3	−0.715%	$85.1M	$145.4M	150x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0257%	1h	4,344	−0.790%	$206K	$824K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0297%	8h	4,347.1	−0.719%	$165.3M	$282.0M	100x	as long as short
BloFin XAU-USDT	+0.0329%	4h	4,346.8	−0.726%	$15.6M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0418% / S −0.0239%	1h	4,346	−0.745%	$248K	—	111x	as long as short
HTX XAU-USDT	+0.0619%	4h	4,351.3	−0.624%	$2.8M	$4.6M	75x	as long as short