Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0348%/8h= +38.1% APRpaid last 24h +0.092%

Price spread now: BloFin against Vest−0.731%7-day average −0.849% · you buy dearer than you sell

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

Long on Vest Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.291%+$29 on $10k

Price spread, last 4 days (all we have)+0.091%+$9 · spread now −0.731%, 7d avg −0.849%

Together, before fees+0.382%+ Points / potential airdropVest: Active · farm board+$38 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and BloFin is 0.118% dearer against Vest than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.849%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest GC-PERP	4,343.5	0.0046	pay 0.0006% / 1h	20m 02s	—	$1.0M	25x
Short	BloFin XAU-USDT	4,311.7	0.0394	get 0.0197% / 4h	3h 20m	$16.4M	$5.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.731%Rate

Funding earned: $73.11
Price spread: −0.731% → −0.849%: $11.78
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee BloFin: 6 bp × 2 orders: −$12
Net: $70.89
Costs to cover: 0.140%
Break-even: 0.2 days

Slippage unknown: Vest: no order-book sample; BloFin: 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 BloFin live order book, 4 min ago	0.35 bp	6.3 bp −$6	6.3 bp −$63	8.7 bp −$870	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	4,315.6	−0.642%	$92K	$6.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,307.7	−0.824%	$273K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.159%	$619	$54	52x	as long as short
Vest GC-PERPlong	+0.0046%	1h	4,343.5	long leg	—	$1.0M	25x
QFEX GOLD-USD	+0.0046%	1h	4,309.1	−0.792%	$6.6M	$3.1M	20x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,307.8	−0.822%	$291.0M	$54.5M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,310.3	−0.764%	$4.3M	$1.8M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,307.5	−0.830%	$15.0M	$56.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,306.7	−0.847%	$2.0M	$5.1M	25x	as long as short
Paradex XAU-USD-PERP	+0.0062%	8h	4,309.8	−0.776%	$2K	$13K	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XAUUSD1	+0.0069%	4h	4,315.9	−0.635%	$73.9M	$271.5M	20x	as long as short
Lighter XAU	+0.0080%	1h	4,311	−0.748%	$20.2M	$29.6M	25x	as long as short
Hotstuff GOLD-PERP	+0.0080%	1h	4,306.8	−0.845%	$32K	—	25x	as long as short
Extended XAU-USD	+0.0088%	1h	4,308.3	−0.810%	$13.0M	$36.1M	25x	as long as short
StandX XAU-USD	+0.0093%	1h	4,311.3	−0.741%	$3.8M	$4.5M	40x	as long as short
Phoenix GOLD	+0.0095%	1h	4,301.6	−0.965%	$42K	$86K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,306.5	−0.852%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,301.8	−0.961%	$273K	$219K	50x	as long as short
Lighter RH XAU	+0.0104%	1h	4,313.6	−0.687%	$19.8M	$40.6M	25x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,310.3	−0.764%	$160K	$87	10x	as long as short
Kalshi KXGOLDPERP	+0.0114%	24h	4,313.8	−0.684%	$3.6M	$47.1M	15x	as long as short
Variational Omni XAU	+0.0115%	4h	4,311.4	−0.738%	$46.9M	$29.9M	—	as long as short
edgeX XAUUSDC	+0.0117%	4h	4,300.7	−0.984%	$30.0M	$62.5M	50x	as long as short
MEXC XAU_USDT	+0.0122%	4h	4,314.1	−0.678%	$356.3M	$348.6M	1000x	as long as short
RISEx XAU/USDC	+0.0126%	1h	4,312	−0.725%	$4.5M	$13.4M	25x	as long as short
Binance XAUUSDT	+0.0130%	4h	4,313.8	−0.683%	$437.5M	$2.27B	100x	as long as short
Bybit XAUUSDT	+0.0141%	4h	4,314.7	−0.663%	$79.8M	$161.3M	150x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0168%	1h	4,310.9	−0.751%	$133K	$832K	25x	as long as short
Gate XAU_USDT	+0.0178%	4h	4,313.8	−0.684%	$302.2M	$436.5M	100x	as long as short
GRVT XAU_USDT_Perp	+0.0188%	4h	4,306.4	−0.854%	$1.4M	$3.1M	25x	as long as short
Bullet GOLD-USD	+0.0197%	1h	4,311.9	−0.728%	$58K	$77K	10x	as long as short
Bitget XAUUSDT	+0.0202%	4h	4,312.7	−0.709%	$70.3M	$127.9M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0251%	8h	4,314.3	−0.672%	$170.7M	$341.6M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0328%	1h	4,309.2	−0.789%	$573K	$139K	25x	as long as short
BloFin XAU-USDTshort	+0.0394%	4h	4,311.7	−0.731%	$16.4M	$5.2M	100x
GMX GOLD/USD [ETH-USDC]	L +0.0465% / S −0.0313%	1h	4,311.5	−0.737%	$254K	—	111x	as long as short
Phemex XAUUSDT	+0.0473%	4h	4,312.9	−0.705%	$2.2M	$959K	100x	as long as short
HTX XAU-USDT	+0.1204%	4h	4,317.3	−0.604%	$3.2M	$6.9M	75x	as long as short
Bluefin GOLD-PERP	+0.2382%	1h	4,305.5	−0.876%	$25K	$1K	20x	as long as short