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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0014%/8h= −1.5% APRnext payment $0.02 per $10,000 · paid last 24h +0.001%
Price spread now: Hotstuff against Vest−0.807%55s7-day average · 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)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVest: Active · Hotstuff: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Hotstuff is 0.807% cheaper against Vest than usual: you would sell low and buy high (−$81 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest GC-PERP4,388.20.0046pay 0.0006% / 1h36m 34s$1.0M25x
ShortHotstuff GOLD-PERP4,352.80.0032get 0.0004% / 1h36m 34s$33K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff 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
−$2.87
Price spread: −0.807% → 0.000%
−$80.67
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$90.54
Costs to cover
0.070%
Break-even
never at this rate
Slippage unknown: Vest: no order-book sample; Hotstuff: 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 Hotstuff no order-book sample
Vest and Hotstuff: 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
Bluefin GOLD-PERP−0.0316%1h4,348.2−0.912%$25K$14K20xas long as short
Aster XAUUSD10.0000%4h4,356.6−0.721%$70.1M$293.0M20xas long as short
Gate XAU_USDT0.0000%4h4,358.8−0.669%$263.5M$408.2M100xas long as short
Kalshi KXGOLDPERP0.0000%24h4,352.3−0.818%$4.1M$36.5M15xas long as short
SunX XAU-USDT0.0000%4h4,357.9−0.690%$93K$9.7M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,350.2−0.867%$269K250xas long as short
Extended XAU-USD+0.0032%1h4,352.9−0.804%$13.6M$43.0M25xas long as short
Hotstuff GOLD-PERPshort+0.0032%1h4,352.8−0.807%$33K25x
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.861%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,356−0.734%$3.8M$4.7M40xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest GC-PERPlong+0.0046%1h4,388.2long leg$1.0M25x
Lighter XAU+0.0048%1h4,356−0.734%$20.7M$43.5M25xas long as short
Lighter RH XAU+0.0048%1h4,356.8−0.717%$20.1M$40.8M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,352.5−0.814%$293.9M$48.4M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,354.3−0.772%$14.9M$57.8M25xas long as short
QFEX GOLD-USD+0.0051%1h4,356.7−0.718%$5.6M$1.9M20xas long as short
Polymarket Perps GOLD-USD+0.0060%1h4,353−0.802%$4.3M$1.9M20xas long as short
Variational Omni XAU+0.0061%4h4,355.7−0.740%$48.3M$28.4Mas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,350.9−0.850%$2.0M$5.0M25xas long as short
Paradex XAU-USD-PERP+0.0083%8h4,357−0.710%$19K$5K5xas long as short
edgeX XAUUSDC+0.0084%4h4,350.2−0.866%$30.3M$60.6M50xas long as short
MEXC XAU_USDT+0.0084%4h4,356.5−0.723%$374.1M$322.1M1000xas long as short
Binance XAUUSDT+0.0086%4h4,356.7−0.718%$409.5M$2.10B100xas long as short
Pacifica XAU+0.0100%1h4,352.7−0.809%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,353.9−0.783%$275K$204K50xas long as short
Aevo XAU-PERP+0.0104%1h4,353.2−0.798%$161K$8710xas long as short
Phoenix GOLD+0.0121%1h4,355.1−0.754%$48K$64K25xas long as short
RISEx XAU/USDC+0.0135%1h4,357−0.711%$3.4M$12.4M25xas long as short
GRVT XAU_USDT_Perp+0.0136%4h4,357.5−0.700%$1.4M$2.9M25xas long as short
Bitget XAUUSDT+0.0152%4h4,357.6−0.698%$69.2M$109.7M100xas long as short
Bullet GOLD-USD+0.0158%1h4,354.2−0.774%$59K$83K10xas long as short
Bybit XAUUSDT+0.0190%4h4,358−0.689%$84.1M$143.7M150xas long as short
OKX XAU-USDT-SWAP+0.0226%8h4,358.4−0.679%$164.9M$284.1M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0256%1h4,353.1−0.800%$234K$661K25xas long as short
Kraken Futures PF_XAUUSD+0.0269%1h4,351.2−0.844%$593K$141K25xas long as short
BloFin XAU-USDT+0.0286%4h4,364.8−0.533%$15.5M$4.6M100xas long as short
Phemex XAUUSDT+0.0382%4h4,358.5−0.676%$2.2M$1.1M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0394% / S −0.0199%1h4,354−0.779%$253K111xas long as short
HTX XAU-USDT+0.0525%4h4,358.9−0.667%$2.9M$3.9M75xas long as short