Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0522%/8h= +57.1% APRpaid last 24h +0.046%

Price spread now: HTX against Vest−0.644%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 HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.014%+$1 on $10k

Price spread, last 4 days (all we have)+0.002%$0 · spread now −0.644%, 7d avg −0.813%

Together, before fees+0.016%+ Points / potential airdropVest: Active · farm board+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and HTX is 0.169% dearer against Vest than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.813%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.014% in total (about 1.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest GC-PERP	4,391.7	0.0046	pay 0.0006% / 1h	21m 47s	—	$1.0M	25x
Short	HTX XAU-USDT	4,363.4	0.0567	get 0.0284% / 4h	1h 21m	$2.9M	$4.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.644%Rate

Funding earned: $109.58
Price spread: −0.644% → −0.813%: $16.9
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee HTX: 6 bp × 2 orders: −$12
Net: $112.48
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; HTX: live order book, 2 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 HTX live order book, 2 min ago	0.01 bp	9.2 bp −$9	12.8 bp −$128	19.2 bp −$1,917	28.5 bp −$14.2K

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
SunX XAU-USDT	0.0000%	4h	4,362.5	−0.665%	$93K	$9.2M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,354.1	−0.855%	$267K	—	250x	as long as short
Gate XAU_USDT	+0.0006%	4h	4,359.8	−0.727%	$264.7M	$413.6M	100x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,357.7	−0.775%	$3.4M	$12.4M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,354.7	−0.843%	$13.6M	$38.9M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.940%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0039%	24h	4,356.8	−0.795%	$4.1M	$37.1M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,358	−0.767%	$3.8M	$4.6M	40x	as long as short
Aster XAUUSD1	+0.0044%	4h	4,358.9	−0.748%	$70.6M	$333.9M	20x	as long as short
Vest GC-PERPlong	+0.0046%	1h	4,391.7	long leg	—	$1.0M	25x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USD	+0.0046%	1h	4,357.2	−0.786%	$5.6M	$1.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,355.7	−0.820%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,354.8	−0.840%	$294.2M	$48.7M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,354.4	−0.850%	$15.1M	$57.1M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0054%	4h	4,357.1	−0.788%	$1.4M	$3.0M	25x	as long as short
Lighter XAU	+0.0056%	1h	4,357.3	−0.782%	$20.7M	$42.3M	25x	as long as short
Variational Omni XAU	+0.0057%	4h	4,355.6	−0.821%	$48.3M	$27.9M	—	as long as short
Lighter RH XAU	+0.0064%	1h	4,359.5	−0.733%	$20.2M	$39.7M	25x	as long as short
MEXC XAU_USDT	+0.0072%	4h	4,358.3	−0.761%	$373.3M	$319.2M	1000x	as long as short
Binance XAUUSDT	+0.0073%	4h	4,358.3	−0.761%	$412.1M	$2.10B	100x	as long as short
Paradex XAU-USD-PERP	+0.0079%	8h	4,358.3	−0.761%	$19K	$5K	5x	as long as short
edgeX XAUUSDC	+0.0090%	4h	4,351.8	−0.910%	$30.3M	$58.4M	50x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,357.2	−0.785%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,354.6	−0.845%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,354.7	−0.842%	$275K	$203K	50x	as long as short
Hotstuff GOLD-PERP	+0.0104%	1h	4,355.2	−0.831%	$33K	—	25x	as long as short
Phemex XAUUSDT	+0.0121%	4h	4,358.5	−0.756%	$2.2M	$1.1M	100x	as long as short
Polymarket Perps GOLD-USD	+0.0123%	1h	4,357.6	−0.776%	$4.3M	$1.9M	20x	as long as short
Phoenix GOLD	+0.0136%	1h	4,356.1	−0.811%	$48K	$77K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0163%	1h	4,356.3	−0.806%	$254K	$751K	25x	as long as short
Bullet GOLD-USD	+0.0199%	1h	4,358.1	−0.765%	$60K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0201%	4h	4,359.7	−0.729%	$84.5M	$145.4M	150x	as long as short
Bitget XAUUSDT	+0.0212%	4h	4,358.9	−0.746%	$70.4M	$109.4M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0253%	8h	4,359.1	−0.742%	$165.2M	$282.8M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,355.3	−0.828%	$594K	$133K	25x	as long as short
BloFin XAU-USDT	+0.0292%	4h	4,358.7	−0.753%	$15.6M	$4.6M	100x	as long as short
Bluefin GOLD-PERP	+0.0372%	1h	4,351.3	−0.921%	$25K	$14K	20x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0401% / S −0.0214%	1h	4,358	−0.767%	$249K	—	111x	as long as short
HTX XAU-USDTshort	+0.0567%	4h	4,363.4	−0.644%	$2.9M	$4.2M	75x