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: MEXC against Vest−0.727%7-day average −0.825% · you buy dearer than you sell

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

Long on Vest Short on MEXC

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−0.110%−$11 · spread now −0.727%, 7d avg −0.825%

Together, before fees−0.090%+ Points / potential airdropVest: Active · farm board−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and MEXC is 0.098% dearer against Vest than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.825%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest GC-PERP	4,375.1	0.0046	pay 0.0006% / 1h	37m 27s	—	$1.0M	25x
Short	MEXC XAU_USDT	4,343.3	0.0104	get 0.0052% / 4h	3h 37m	$370.3M	$319.3M	1000x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.727%Rate

Funding earned: $12.25
Price spread: −0.727% → −0.825%: $9.79
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee MEXC: 2 bp × 2 orders: −$4
Net: $16.03
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; MEXC: live order book, 2 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 MEXC live order book, 2 min ago	0.04 bp	2.0 bp −$2	2.0 bp −$20	7.7 bp −$773	21.1 bp −$10.6K

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	−0.683%	$92K	$8.7M	20x	as long as short
Bluefin GOLD-PERP	+0.0002%	1h	4,335.5	−0.905%	$25K	$14K	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,339.5	−0.813%	$271K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,341.2	−0.775%	$3.5M	$12.1M	25x	as long as short
Hotstuff GOLD-PERP	+0.0016%	1h	4,338.7	−0.832%	$33K	—	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,337.9	−0.851%	$13.2M	$37.4M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.564%	$619	$54	52x	as long as short
Gate XAU_USDT	+0.0038%	4h	4,344.8	−0.692%	$268.0M	$414.5M	100x	as long as short
Lighter RH XAU	+0.0040%	1h	4,343	−0.734%	$20.1M	$39.3M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,341.9	−0.759%	$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
Bybit XAUUSDT	+0.0041%	4h	4,343.8	−0.715%	$80.3M	$151.8M	150x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,340.3	−0.795%	$5.5M	$2.1M	20x	as long as short
Vest GC-PERPlong	+0.0046%	1h	4,375.1	long leg	—	$1.0M	25x
Lighter XAU	+0.0048%	1h	4,340.7	−0.785%	$20.8M	$34.5M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,340	−0.802%	$293.6M	$49.2M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,338.7	−0.833%	$15.1M	$56.9M	25x	as long as short
Kalshi KXGOLDPERP	+0.0051%	24h	4,338.4	−0.839%	$4.3M	$37.4M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,338.5	−0.837%	$2.1M	$4.8M	25x	as long as short
Aster XAUUSD1	+0.0081%	4h	4,344.2	−0.707%	$71.5M	$332.3M	20x	as long as short
Paradex XAU-USD-PERP	+0.0085%	8h	4,341.7	−0.763%	$19K	$5K	5x	as long as short
Variational Omni XAU	+0.0087%	4h	4,340.5	−0.792%	$48.3M	$27.7M	—	as long as short
Pacifica XAU	+0.0100%	1h	4,338.1	−0.846%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,337.5	−0.858%	$274K	$203K	50x	as long as short
MEXC XAU_USDTshort	+0.0104%	4h	4,343.3	−0.727%	$370.3M	$319.3M	1000x
Aevo XAU-PERP	+0.0104%	1h	4,342	−0.756%	$161K	$87	10x	as long as short
Binance XAUUSDT	+0.0107%	4h	4,343.6	−0.721%	$417.6M	$2.09B	100x	as long as short
edgeX XAUUSDC	+0.0112%	4h	4,336.6	−0.879%	$30.2M	$58.3M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,339.5	−0.814%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0178%	4h	4,341.1	−0.777%	$1.4M	$2.9M	25x	as long as short
Bullet GOLD-USD	+0.0214%	1h	4,343.1	−0.730%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0216%	1h	4,342.6	−0.743%	$4.3M	$1.9M	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0234%	1h	4,339.6	−0.811%	$205K	$828K	25x	as long as short
Bitget XAUUSDT	+0.0250%	4h	4,344	−0.711%	$71.1M	$109.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,338.1	−0.846%	$592K	$132K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0319%	8h	4,344.4	−0.702%	$166.8M	$281.9M	100x	as long as short
Phemex XAUUSDT	+0.0337%	4h	4,344.5	−0.699%	$2.2M	$967K	100x	as long as short
BloFin XAU-USDT	+0.0372%	4h	4,341.7	−0.762%	$15.6M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0427% / S −0.0252%	1h	4,343.7	−0.718%	$250K	—	111x	as long as short
HTX XAU-USDT	+0.0624%	4h	4,345.7	−0.672%	$2.8M	$4.6M	75x	as long as short