Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0049%/8h= +5.4% APRpaid last 24h +0.016%

Price spread now: Aster against Vest−0.713%7-day average −0.821% · you buy dearer than you sell

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

Long on Vest Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.010%+$1 on $10k

Price spread, last 7 days−0.122%−$12 · spread now −0.713%, 7d avg −0.821%

Together, before fees−0.113%+ Points / potential airdropVest: Active · Aster: Stage 5 · farm board−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aster is 0.108% dearer against Vest than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.821%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest GC-PERP	4,376.7	0.0046	pay 0.0006% / 1h	14m 57s	—	$1.0M	25x
Short	Aster XAUUSD1	4,345.5	0.0095	get 0.0047% / 4h	3h 14m	$71.5M	$331.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.713%Rate

Funding earned: $10.27
Price spread: −0.713% → −0.821%: $10.82
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Aster: 4 bp × 2 orders: −$8
Net: $11.08
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Aster: live order book, 4 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 Aster live order book, 4 min ago	0.01 bp	4.0 bp −$4	4.4 bp −$44	37.0 bp −$3,697	doesn't fit

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	4,348.3	−0.649%	$92K	$8.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,340.1	−0.836%	$272K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,344.6	−0.734%	$3.8M	$12.5M	25x	as long as short
Bluefin GOLD-PERP	+0.0011%	1h	4,337.5	−0.897%	$25K	$14K	20x	as long as short
Extended XAU-USD	+0.0032%	1h	4,340.1	−0.836%	$13.3M	$37.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.600%	$619	$54	52x	as long as short
Bybit XAUUSDT	+0.0039%	4h	4,345.3	−0.718%	$79.9M	$152.1M	150x	as long as short
Hotstuff GOLD-PERP	+0.0040%	1h	4,340.6	−0.825%	$33K	—	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,345.1	−0.722%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,343.7	−0.754%	$5.6M	$2.1M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERPlong	+0.0046%	1h	4,376.7	long leg	—	$1.0M	25x
tradeXYZ xyz:GOLD	+0.0050%	1h	4,340.7	−0.823%	$293.6M	$49.2M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,341.2	−0.811%	$15.0M	$56.9M	25x	as long as short
Kalshi KXGOLDPERP	+0.0051%	24h	4,342.2	−0.788%	$4.3M	$37.4M	15x	as long as short
Lighter XAU	+0.0056%	1h	4,343.1	−0.767%	$20.7M	$34.7M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,339.3	−0.855%	$2.1M	$4.7M	25x	as long as short
Paradex XAU-USD-PERP	+0.0062%	8h	4,343.8	−0.751%	$19K	$5K	5x	as long as short
Lighter RH XAU	+0.0072%	1h	4,345.5	−0.712%	$20.2M	$40.1M	25x	as long as short
Gate XAU_USDT	+0.0080%	4h	4,345.8	−0.706%	$268.3M	$418.3M	100x	as long as short
Aster XAUUSD1short	+0.0095%	4h	4,345.5	−0.713%	$71.5M	$331.7M	20x
Pacifica XAU	+0.0100%	1h	4,340.2	−0.833%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,340.8	−0.819%	$274K	$203K	50x	as long as short
Variational Omni XAU	+0.0107%	4h	4,343.1	−0.769%	$48.4M	$27.5M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,343.3	−0.763%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0118%	4h	4,344.1	−0.745%	$371.5M	$320.9M	1000x	as long as short
Binance XAUUSDT	+0.0119%	4h	4,344.4	−0.738%	$418.7M	$2.09B	100x	as long as short
Phoenix GOLD	+0.0136%	1h	4,340.9	−0.818%	$47K	$77K	25x	as long as short
edgeX XAUUSDC	+0.0136%	4h	4,340.1	−0.837%	$30.2M	$58.3M	50x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0165%	1h	4,342.4	−0.784%	$205K	$825K	25x	as long as short
Phemex XAUUSDT	+0.0170%	4h	4,346.7	−0.686%	$2.2M	$967K	100x	as long as short
GRVT XAU_USDT_Perp	+0.0172%	4h	4,344.3	−0.740%	$1.4M	$2.9M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0209%	1h	4,343.6	−0.756%	$4.3M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0210%	1h	4,344.1	−0.744%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,340.5	−0.827%	$592K	$132K	25x	as long as short
Bitget XAUUSDT	+0.0270%	4h	4,344.9	−0.727%	$71.1M	$109.3M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0327%	8h	4,345.1	−0.722%	$167.2M	$282.7M	100x	as long as short
BloFin XAU-USDT	+0.0359%	4h	4,344.1	−0.745%	$15.7M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0427% / S −0.0252%	1h	4,344.1	−0.744%	$250K	—	111x	as long as short
HTX XAU-USDT	+0.0501%	4h	4,346.8	−0.683%	$2.8M	$4.6M	75x	as long as short