Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0192%/8h= +21.0% APRpaid last 24h +0.049%

Price spread now: OKX against Vest−0.741%7-day average −0.851% · you buy dearer than you sell

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

Long on Vest Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.026%+$3 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now −0.741%, 7d avg −0.851%

Together, before fees+0.003%+ Points / potential airdropVest: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and OKX is 0.111% dearer against Vest than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.851%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.026% in total (about 2.9% 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	4,388.1	0.0046	pay 0.0006% / 1h	14m 23s	—	$1.0M	25x
Short	OKX XAU-USDT-SWAP	4,355.6	0.0238	get 0.0238% / 8h	6h 14m	$164.9M	$281.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.741%Rate

Funding earned: $40.29
Price spread: −0.741% → −0.851%: $11.05
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee OKX: 5 bp × 2 orders: −$10
Net: $39.34
Costs to cover: 0.120%
Break-even: 0.2 days

Slippage unknown: Vest: no order-book sample; OKX: live order book, 5 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 OKX live order book, 5 min ago	0.12 bp	5.1 bp −$5	5.1 bp −$51	6.6 bp −$656	12.8 bp −$6,386

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XAU_USDT	0.0000%	4h	4,355.3	−0.747%	$263.4M	$413.8M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,362.5	−0.585%	$93K	$9.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,350.8	−0.850%	$269K	—	250x	as long as short
Extended XAU-USD	+0.0032%	1h	4,349.3	−0.884%	$13.5M	$41.8M	25x	as long as short
Hotstuff GOLD-PERP	+0.0032%	1h	4,350.7	−0.852%	$33K	—	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.859%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0034%	24h	4,354.2	−0.773%	$4.1M	$36.0M	15x	as long as short
Aster XAUUSD1	+0.0035%	4h	4,354.6	−0.763%	$70.4M	$298.7M	20x	as long as short
StandX XAU-USD	+0.0040%	1h	4,358.7	−0.670%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERPlong	+0.0046%	1h	4,388.1	long leg	—	$1.0M	25x

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	4,351.6	−0.832%	$294.1M	$48.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,350.9	−0.848%	$14.9M	$58.0M	25x	as long as short
QFEX GOLD-USD	+0.0051%	1h	4,353	−0.800%	$5.6M	$1.9M	20x	as long as short
Lighter XAU	+0.0056%	1h	4,352.2	−0.819%	$20.6M	$43.7M	25x	as long as short
Lighter RH XAU	+0.0064%	1h	4,354.8	−0.758%	$20.1M	$41.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,354.9	−0.757%	$2.0M	$5.0M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0075%	1h	4,353.4	−0.791%	$4.3M	$1.9M	20x	as long as short
Paradex XAU-USD-PERP	+0.0083%	8h	4,353.1	−0.797%	$19K	$5K	5x	as long as short
Variational Omni XAU	+0.0086%	4h	4,356	−0.731%	$48.2M	$28.1M	—	as long as short
Pacifica XAU	+0.0100%	1h	4,350.6	−0.855%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,358.5	−0.676%	$275K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,350.7	−0.853%	$25K	$14K	20x	as long as short
MEXC XAU_USDT	+0.0102%	4h	4,354.8	−0.759%	$375.9M	$323.9M	1000x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,356.6	−0.717%	$161K	$87	10x	as long as short
Binance XAUUSDT	+0.0104%	4h	4,353.7	−0.785%	$409.1M	$2.09B	100x	as long as short
edgeX XAUUSDC	+0.0112%	4h	4,353.3	−0.793%	$30.3M	$59.9M	50x	as long as short
GRVT XAU_USDT_Perp	+0.0116%	4h	4,360	−0.640%	$1.4M	$2.9M	25x	as long as short
Phoenix GOLD	+0.0121%	1h	4,356.9	−0.711%	$48K	$64K	25x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,353.6	−0.787%	$3.4M	$12.4M	25x	as long as short
Bullet GOLD-USD	+0.0168%	1h	4,354.6	−0.763%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0180%	4h	4,355	−0.754%	$83.7M	$144.1M	150x	as long as short
Bitget XAUUSDT	+0.0184%	4h	4,354.5	−0.766%	$69.5M	$109.6M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0209%	1h	4,354.9	−0.757%	$242K	$672K	25x	as long as short
OKX XAU-USDT-SWAPshort	+0.0238%	8h	4,355.6	−0.741%	$164.9M	$281.6M	100x
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,354.7	−0.761%	$594K	$139K	25x	as long as short
Phemex XAUUSDT	+0.0340%	4h	4,359.9	−0.644%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0391% / S −0.0197%	1h	4,355	−0.754%	$251K	—	111x	as long as short
HTX XAU-USDT	+0.0554%	4h	4,363.2	−0.568%	$2.9M	$3.9M	75x	as long as short