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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0153%/8h= +16.8% APRnext payment +$0.19 per $10,000 · paid last 24h +0.037%
Price spread now: GMX against Vest−0.750%7-day average −0.860% · 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)+0.099%+$10 on $10k
Price spread, last 3 days (all we have)−0.012%−$1 · spread now −0.750%, 7d avg −0.860%
Together, before fees+0.087%+ Points / potential airdropVest: Active · farm board+$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and GMX is 0.110% dearer against Vest than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.860%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest GC-PERP4,395.90.0046pay 0.0006% / 1h59m 44s$1.0M25x
ShortGMX GOLD/USD [ETH-USDC]4,362.9L +0.0394% / S −0.0199%get 0.0025% / 1h59m 44s$254K111x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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
$32.2
Price spread: −0.750% → −0.860%
$10.97
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee GMX: 6 bp × 2 orders
−$12
Net
$29.18
Costs to cover
0.140%
Break-even
0.7 days
Slippage unknown: Vest: no order-book sample; GMX: 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 Vest no order-book sample
Sell GMX no order-book sample
Vest and GMX: 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
Aster XAUUSD10.0000%4h4,363.7−0.732%$69.9M$239.6M20xas long as short
Gate XAU_USDT0.0000%4h4,363.2−0.744%$265.2M$400.0M100xas long as short
Kalshi KXGOLDPERP0.0000%24h4,359.7−0.823%$4.0M$36.7M15xas long as short
SunX XAU-USDT0.0000%4h4,367.3−0.652%$93K$10.0M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,358.4−0.854%$269K250xas long as short
Extended XAU-USD+0.0032%1h4,359.1−0.837%$13.5M$43.5M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4−1.035%$619$5452xas long as short
Variational Omni XAU+0.0040%4h4,362−0.772%$48.4M$28.5Mas long as short
StandX XAU-USD+0.0040%1h4,363.9−0.728%$3.8M$4.7M40xas long as short
QFEX GOLD-USD+0.0045%1h4,362.9−0.751%$5.6M$1.9M20xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest GC-PERPlong+0.0046%1h4,395.9long leg$1.0M25x
tradeXYZ xyz:GOLD+0.0050%1h4,360.1−0.814%$294.3M$51.8M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,358.8−0.844%$14.8M$57.3M25xas long as short
Phoenix GOLD+0.0055%1h4,359.6−0.826%$48K$64K25xas long as short
MEXC XAU_USDT+0.0058%4h4,363.5−0.736%$372.8M$318.2M1000xas long as short
Binance XAUUSDT+0.0060%4h4,363.7−0.733%$411.7M$2.14B100xas long as short
edgeX XAUUSDC+0.0063%4h4,356.5−0.895%$30.3M$60.4M50xas long as short
Lighter XAU+0.0072%1h4,361.8−0.775%$20.6M$43.2M25xas long as short
Paradex XAU-USD-PERP+0.0088%8h4,363.3−0.741%$19K$5K5xas long as short
Lighter RH XAU+0.0096%1h4,364.4−0.717%$20.2M$40.5M25xas long as short
Aevo XAU-PERP+0.0096%1h4,361.7−0.778%$162K$8710xas long as short
Coinbase International GOLD-PERP-INTX+0.0096%1h4,358.5−0.851%$2.0M$5.0M25xas long as short
Pacifica XAU+0.0100%1h4,360.1−0.814%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,359.2−0.836%$275K$204K50xas long as short
Bluefin GOLD-PERP+0.0100%1h4,355.2−0.927%$26K$22K20xas long as short
Bitget XAUUSDT+0.0112%4h4,362.6−0.757%$69.6M$111.3M100xas long as short
Polymarket Perps GOLD-USD+0.0116%1h4,361.5−0.783%$4.3M$1.8M20xas long as short
Hotstuff GOLD-PERP+0.0128%1h4,358.3−0.855%$33K25xas long as short
RISEx XAU/USDC+0.0135%1h4,362.9−0.751%$3.4M$12.4M25xas long as short
GRVT XAU_USDT_Perp+0.0142%4h4,362.6−0.757%$1.4M$3.1M25xas long as short
Bybit XAUUSDT+0.0195%4h4,363.6−0.734%$83.7M$144.9M150xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0209%1h4,360.6−0.803%$235K$658K25xas long as short
Bullet GOLD-USD+0.0214%1h4,362.9−0.751%$59K$82K10xas long as short
OKX XAU-USDT-SWAP+0.0216%8h4,363.4−0.739%$164.3M$286.6M100xas long as short
BloFin XAU-USDT+0.0225%4h4,362.7−0.754%$15.4M$4.6M100xas long as short
Kraken Futures PF_XAUUSD+0.0225%1h4,359.7−0.823%$595K$141K25xas long as short
Phemex XAUUSDT+0.0323%4h4,365.5−0.692%$2.2M$1.1M100xas long as short
GMX GOLD/USD [ETH-USDC]shortL +0.0394% / S −0.0199%1h4,362.9−0.750%$254K111x
HTX XAU-USDT+0.0559%4h4,367.1−0.654%$2.9M$3.9M75xas long as short