Funding you earn now, next payment 01:00 UTC+0.0116%/8h= +12.7% APRnext payment +$0.15 per $10,000 · paid last 24h +0.055%
Price spread now: Deribit against Vest−0.812%48s7-day average −0.980% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.717%+$72 on $10k
+Price spread, last 3 days (all we have)−0.083%−$8 · spread now −0.812%, 7d avg −0.980%
=Together, before fees+0.634%+ Points / potential airdropVest: Active · farm board+$63 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Deribit is 0.168% dearer against Vest than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.980%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest GC-PERP | 4,409.8 | 0.0046 | pay 0.0006% / 1h | 45m 28s | — | $1.0M | 25x |
| Short | Deribit GOLD_USDC-PERPETUAL | 4,374 | 0.0162 | get 0.0020% / 1h | 45m 28s | $236K | $655K | 25x |
Vest GC-PERP
Deribit GOLD_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Vest. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $24.36
- Price spread: −0.812% → −0.980%
- $16.77
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $32.14
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Vest: no order-book sample; Deribit: live order book, 28 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 Deribit live order book, 28 min ago | 0.11 bp | 9.5 bp −$10 | 10.4 bp −$104 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin GOLD-PERP | −0.0105% | 1h | 4,369.4 | −0.917% | $26K | $21K | 20x | as long as short |
| Hotstuff GOLD-PERP | −0.0080% | 1h | 4,372 | −0.857% | $33K | — | 25x | as long as short |
| Aster XAUUSD1 | 0.0000% | 4h | 4,376.1 | −0.765% | $71.2M | $207.5M | 20x | as long as short |
| Binance XAUUSDT | 0.0000% | 4h | 4,376.1 | −0.765% | $410.2M | $2.15B | 100x | as long as short |
| Gate XAU_USDT | 0.0000% | 4h | 4,376.6 | −0.752% | $266.2M | $410.3M | 100x | as long as short |
| MEXC XAU_USDT | 0.0000% | 4h | 4,376.1 | −0.763% | $375.8M | $321.6M | 1000x | as long as short |
| Variational Omni XAU | 0.0000% | 4h | 4,375.1 | −0.787% | $48.7M | $27.7M | — | as long as short |
| Kalshi KXGOLDPERP | 0.0000% | 24h | 4,372.2 | −0.853% | $4.0M | $36.6M | 15x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,380.2 | −0.671% | $93K | $10.4M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,371.6 | −0.867% | $268K | — | 250x | as long as short |
Bluefin GOLD-PERP
Hotstuff GOLD-PERP
Aster XAUUSD1
Binance XAUUSDT
Gate XAU_USDT
MEXC XAU_USDT
Variational Omni XAU
Kalshi KXGOLDPERP
SunX XAU-USDT
gTrade (Gains Network) XAU/USDShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XAUUSDT | +0.0008% | 4h | 4,376.2 | −0.762% | $69.7M | $113.9M | 100x | as long as short |
| edgeX XAUUSDC | +0.0018% | 4h | 4,371.2 | −0.876% | $30.4M | $60.2M | 50x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | −1.347% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,376 | −0.766% | $3.8M | $4.7M | 40x | as long as short |
| QFEX GOLD-USD | +0.0045% | 1h | 4,375.1 | −0.787% | $5.6M | $1.9M | 20x | as long as short |
| Vest GC-PERPlong | +0.0046% | 1h | 4,409.8 | long leg | — | $1.0M | 25x | |
| RISEx XAU/USDC | +0.0048% | 1h | 4,376 | −0.766% | $3.4M | $12.3M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,371.8 | −0.862% | $294.7M | $52.5M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,371.5 | −0.869% | $14.7M | $57.3M | 25x | as long as short |
| Phoenix GOLD | +0.0055% | 1h | 4,375.3 | −0.782% | $48K | $64K | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0071% | 8h | 4,375.7 | −0.774% | $19K | $5K | 5x | as long as short |
| Lighter XAU | +0.0072% | 1h | 4,374.9 | −0.791% | $20.8M | $43.4M | 25x | as long as short |
| Aevo XAU-PERP | +0.0080% | 1h | 4,375 | −0.790% | $162K | $87 | 10x | as long as short |
| Lighter RH XAU | +0.0088% | 1h | 4,377.3 | −0.736% | $20.3M | $40.9M | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0096% | 1h | 4,372.2 | −0.853% | $2.0M | $5.1M | 25x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,372.7 | −0.841% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,374 | −0.811% | $277K | $204K | 50x | as long as short |
| Polymarket Perps GOLD-USD | +0.0113% | 1h | 4,375.2 | −0.785% | $4.3M | $1.8M | 20x | as long as short |
| Extended XAU-USD | +0.0120% | 1h | 4,371.8 | −0.863% | $13.3M | $44.1M | 25x | as long as short |
| GRVT XAU_USDT_Perp | +0.0138% | 4h | 4,376.4 | −0.757% | $1.4M | $3.1M | 25x | as long as short |
| Deribit GOLD_USDC-PERPETUALshort | +0.0162% | 1h | 4,374 | −0.812% | $236K | $655K | 25x | |
| OKX XAU-USDT-SWAP | +0.0174% | 8h | 4,378.4 | −0.712% | $166.4M | $287.1M | 100x | as long as short |
| Bybit XAUUSDT | +0.0182% | 4h | 4,376.8 | −0.748% | $83.4M | $144.0M | 150x | as long as short |
| Bullet GOLD-USD | +0.0192% | 1h | 4,375.6 | −0.776% | $59K | $82K | 10x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0225% | 1h | 4,373.2 | −0.829% | $596K | $146K | 25x | as long as short |
| BloFin XAU-USDT | +0.0240% | 4h | 4,374.8 | −0.793% | $15.0M | $4.6M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0390% / S −0.0197% | 1h | 4,376 | −0.767% | $252K | — | 111x | as long as short |
| Phemex XAUUSDT | +0.0474% | 4h | 4,378.2 | −0.716% | $2.2M | $1.1M | 100x | as long as short |
| HTX XAU-USDT | +0.0582% | 4h | 4,380.4 | −0.668% | $2.9M | $3.8M | 75x | as long as short |
Bitget XAUUSDT
edgeX XAUUSDC
Injective XAU/USDC PERP
StandX XAU-USD
QFEX GOLD-USD
RISEx XAU/USDC
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
Phoenix GOLD
Paradex XAU-USD-PERP
Lighter XAU
Aevo XAU-PERP
Lighter RH XAU
Coinbase International GOLD-PERP-INTX
Pacifica XAU
ApeX Omni XAUUSDT
Polymarket Perps GOLD-USD
Extended XAU-USD
GRVT XAU_USDT_Perp
OKX XAU-USDT-SWAP
Bybit XAUUSDT
Bullet GOLD-USD
Kraken Futures PF_XAUUSD
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]
Phemex XAUUSDT
HTX XAU-USDT