Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0058%/8h= −6.4% APRpaid last 24h −0.022%

Price spread now: Vest against MEXC+0.724%7-day average +0.825% · you sell dearer than you buy

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

Long on MEXC Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.020%−$2 on $10k

Price spread, last 7 days+0.114%+$11 · spread now +0.724%, 7d avg +0.825%

Together, before fees+0.094%+ Points / potential airdropVest: Active · farm board+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Vest is 0.102% cheaper against MEXC than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.825%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XAU_USDT	4,342.1	0.0104	pay 0.0052% / 4h	3h 37m	$370.3M	$319.3M	1000x
Short	Vest GC-PERP	4,373.5	0.0046	get 0.0006% / 1h	37m 51s	—	$1.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against MEXC. 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 MEXCbpFee VestbpOrdersPrice spread, now +0.724%Rate

Funding earned: −$12.25
Price spread: +0.724% → +0.825%: −$10.15
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Vest: 1 bp × 2 orders: −$2
Net: −$28.4
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 1 min ago; Vest: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 1 min ago	0.04 bp	2.0 bp −$2	2.0 bp −$20	2.3 bp −$228	16.1 bp −$8,070
Sell Vest no order-book sample	—	—	—	—	—

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	4,345.2	+0.072%	$92K	$8.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,337.1	−0.115%	$271K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,340.1	−0.045%	$3.5M	$12.0M	25x	as long as short
Bluefin GOLD-PERP	+0.0009%	1h	4,335.4	−0.153%	$25K	$14K	20x	as long as short
Hotstuff GOLD-PERP	+0.0016%	1h	4,338.1	−0.092%	$33K	—	25x	as long as short
Gate XAU_USDT	+0.0026%	4h	4,343.5	+0.032%	$267.9M	$414.4M	100x	as long as short
Extended XAU-USD	+0.0032%	1h	4,337.6	−0.104%	$13.2M	$37.5M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.192%	$619	$54	52x	as long as short
Lighter RH XAU	+0.0040%	1h	4,342.5	+0.009%	$20.1M	$39.3M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,341.9	−0.004%	$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	+0.0042%	1h	4,338.9	−0.073%	$5.7M	$2.1M	20x	as long as short
Vest GC-PERPshort	+0.0046%	1h	4,373.5	+0.724%	—	$1.0M	25x
Lighter XAU	+0.0048%	1h	4,340.3	−0.041%	$20.8M	$34.5M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,338.3	−0.087%	$293.5M	$49.2M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,337.3	−0.110%	$15.1M	$56.9M	25x	as long as short
Kalshi KXGOLDPERP	+0.0051%	24h	4,338.4	−0.085%	$4.3M	$37.4M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,338.5	−0.082%	$2.1M	$4.8M	25x	as long as short
Bybit XAUUSDT	+0.0056%	4h	4,342.5	+0.009%	$80.3M	$151.8M	150x	as long as short
Aster XAUUSD1	+0.0079%	4h	4,342.6	+0.013%	$71.4M	$332.3M	20x	as long as short
Paradex XAU-USD-PERP	+0.0084%	8h	4,340.5	−0.037%	$19K	$5K	5x	as long as short
Variational Omni XAU	+0.0087%	4h	4,340.5	−0.037%	$48.3M	$27.7M	—	as long as short
Pacifica XAU	+0.0100%	1h	4,337.5	−0.105%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,339.3	−0.065%	$274K	$203K	50x	as long as short
MEXC XAU_USDTlong	+0.0104%	4h	4,342.1	long leg	$370.3M	$319.3M	1000x
Aevo XAU-PERP	+0.0104%	1h	4,340.2	−0.042%	$161K	$87	10x	as long as short
Binance XAUUSDT	+0.0106%	4h	4,342.2	+0.004%	$417.1M	$2.09B	100x	as long as short
edgeX XAUUSDC	+0.0118%	4h	4,336.3	−0.132%	$30.1M	$58.3M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,339.8	−0.053%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0174%	4h	4,341	−0.024%	$1.4M	$2.9M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0216%	1h	4,340.8	−0.029%	$4.3M	$1.9M	20x	as long as short
Bullet GOLD-USD	+0.0217%	1h	4,341.2	−0.021%	$59K	$82K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0234%	1h	4,339.6	−0.057%	$205K	$828K	25x	as long as short
Bitget XAUUSDT	+0.0248%	4h	4,342.3	+0.006%	$71.0M	$109.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,338.1	−0.092%	$592K	$132K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0319%	8h	4,342.8	+0.017%	$166.6M	$281.9M	100x	as long as short
Phemex XAUUSDT	+0.0337%	4h	4,344.5	+0.056%	$2.2M	$967K	100x	as long as short
BloFin XAU-USDT	+0.0372%	4h	4,341.7	−0.008%	$15.6M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0427% / S −0.0252%	1h	4,341.1	−0.022%	$250K	—	111x	as long as short
HTX XAU-USDT	+0.0624%	4h	4,345.7	+0.084%	$2.8M	$4.6M	75x	as long as short