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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0005%/8h= +0.5% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Ondo Perps against Vest−0.855%7-day average −0.962% · 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)+0.005%$0 on $10k
Price spread, last 7 days−0.249%−$25 · spread now −0.855%, 7d avg −0.962%
Together, before fees−0.245%+ Points / potential airdropVest: Active · Ondo Perps: Active · farm board−$24 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Ondo Perps is 0.107% dearer against Vest than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.962%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest GC-PERP4,391.30.0046pay 0.0006% / 1h23m 03s$1.0M25x
ShortOndo Perps XAU-USD.P4,353.80.0050get 0.0006% / 1h23m 03s$15.1M$57.2M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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
$0.99
Price spread: −0.855% → −0.962%
$10.68
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
$4.67
Costs to cover
0.070%
Break-even
from the start
Slippage unknown: Vest: no order-book sample; Ondo Perps: 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 Ondo Perps no order-book sample
Vest and Ondo Perps: 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
SunX XAU-USDT0.0000%4h4,362.3−0.661%$93K$9.2M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,354.6−0.837%$267K250xas long as short
Gate XAU_USDT+0.0006%4h4,359.9−0.716%$264.7M$413.3M100xas long as short
RISEx XAU/USDC+0.0010%1h4,357.4−0.773%$3.4M$12.4M25xas long as short
Extended XAU-USD+0.0032%1h4,355.1−0.825%$13.6M$38.9M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.931%$619$5452xas long as short
Kalshi KXGOLDPERP+0.0039%24h4,355.3−0.820%$4.1M$37.0M15xas long as short
StandX XAU-USD+0.0040%1h4,359.3−0.729%$3.8M$4.6M40xas long as short
Aster XAUUSD1+0.0043%4h4,358.4−0.750%$70.6M$333.9M20xas long as short
Vest GC-PERPlong+0.0046%1h4,391.3long leg$1.0M25x
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX GOLD-USD+0.0046%1h4,357−0.781%$5.6M$1.9M20xas long as short
Coinbase International GOLD-PERP-INTX+0.0048%1h4,355.7−0.811%$2.0M$4.9M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,355.5−0.815%$294.2M$48.7M25xas long as short
Ondo Perps XAU-USD.Pshort+0.0050%1h4,353.8−0.855%$15.1M$57.2M25x
GRVT XAU_USDT_Perp+0.0054%4h4,357.1−0.779%$1.4M$3.0M25xas long as short
Lighter XAU+0.0056%1h4,357.6−0.767%$20.7M$42.3M25xas long as short
Variational Omni XAU+0.0057%4h4,355.6−0.812%$48.3M$27.9Mas long as short
Lighter RH XAU+0.0064%1h4,359.8−0.717%$20.2M$39.7M25xas long as short
MEXC XAU_USDT+0.0072%4h4,359.1−0.734%$373.6M$319.2M1000xas long as short
Binance XAUUSDT+0.0073%4h4,358.9−0.738%$412.2M$2.10B100xas long as short
Paradex XAU-USD-PERP+0.0080%8h4,357.8−0.763%$19K$5K5xas long as short
edgeX XAUUSDC+0.0090%4h4,351.8−0.900%$30.3M$58.4M50xas long as short
Aevo XAU-PERP+0.0096%1h4,357.1−0.779%$161K$8710xas long as short
Pacifica XAU+0.0100%1h4,354.4−0.840%$1.4M$1.1M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,354.7−0.833%$275K$203K50xas long as short
Hotstuff GOLD-PERP+0.0104%1h4,354.5−0.838%$33K25xas long as short
Phemex XAUUSDT+0.0123%4h4,358.8−0.741%$2.2M$1.1M100xas long as short
Polymarket Perps GOLD-USD+0.0123%1h4,357−0.781%$4.3M$1.9M20xas long as short
Phoenix GOLD+0.0136%1h4,356.1−0.802%$48K$77K25xas long as short
Bybit XAUUSDT+0.0199%4h4,360.4−0.705%$84.5M$145.4M150xas long as short
Bullet GOLD-USD+0.0199%1h4,358−0.758%$60K$83K10xas long as short
Bitget XAUUSDT+0.0212%4h4,359.6−0.722%$70.3M$109.4M100xas long as short
OKX XAU-USDT-SWAP+0.0253%8h4,359.9−0.715%$165.3M$282.9M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0255%1h4,357.3−0.774%$278K$727K25xas long as short
Kraken Futures PF_XAUUSD+0.0269%1h4,354.8−0.831%$594K$133K25xas long as short
BloFin XAU-USDT+0.0292%4h4,358.7−0.744%$15.6M$4.6M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0401% / S −0.0214%1h4,358.4−0.749%$249K111xas long as short
Bluefin GOLD-PERP+0.0419%1h4,351.8−0.899%$25K$14K20xas long as short
HTX XAU-USDT+0.0568%4h4,363.4−0.635%$2.9M$4.2M75xas long as short