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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0005%/8h= +0.5% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Ondo Perps against Vest−0.818%50s7-day average −0.961% · 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)+0.005%$0 on $10k
Price spread, last 7 days−0.232%−$23 · spread now −0.818%, 7d avg −0.961%
Together, before fees−0.227%+ Points / potential airdropVest: Active · Ondo Perps: Active · farm board−$23 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Ondo Perps is 0.143% dearer against Vest than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.961%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest GC-PERP4,379.50.0046pay 0.0006% / 1h34m 41s$1.1M25x
ShortOndo Perps XAU-USD.P4,343.70.0050get 0.0006% / 1h34m 41s$15.1M$56.8M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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
$0.99
Price spread: −0.818% → −0.961%
$14.27
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
$8.26
Costs to cover
0.070%
Break-even
from the start
Slippage unknown: Vest: no order-book sample; Ondo Perps: 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 Ondo Perps no order-book sample
Vest and Ondo Perps: 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
RISEx XAU/USDC0.0000%1h4,347−0.742%$3.4M$12.3M25xas long as short
SunX XAU-USDT0.0000%4h4,350.2−0.668%$92K$9.0M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,343−0.834%$271K250xas long as short
Gate XAU_USDT+0.0008%4h4,348−0.720%$267.7M$412.0M100xas long as short
Lighter XAU+0.0032%1h4,345.7−0.771%$20.8M$37.8M25xas long as short
Extended XAU-USD+0.0032%1h4,343.2−0.829%$13.3M$38.5M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.664%$619$5452xas long as short
Lighter RH XAU+0.0040%1h4,347.7−0.726%$20.1M$39.2M25xas long as short
StandX XAU-USD+0.0040%1h4,347.7−0.726%$3.8M$4.6M40xas long as short
QFEX GOLD-USD+0.0041%1h4,346.8−0.747%$5.7M$2.0M20xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kalshi KXGOLDPERP+0.0045%24h4,344.5−0.799%$4.1M$37.2M15xas long as short
Vest GC-PERPlong+0.0046%1h4,379.5long leg$1.1M25x
Coinbase International GOLD-PERP-INTX+0.0048%1h4,343.1−0.831%$2.0M$4.8M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,343.6−0.820%$293.7M$48.7M25xas long as short
Ondo Perps XAU-USD.Pshort+0.0050%1h4,343.7−0.818%$15.1M$56.8M25x
Aster XAUUSD1+0.0064%4h4,347.5−0.732%$71.0M$333.7M20xas long as short
Variational Omni XAU+0.0080%4h4,346.7−0.749%$48.5M$27.8Mas long as short
Paradex XAU-USD-PERP+0.0085%8h4,347.3−0.736%$19K$5K5xas long as short
GRVT XAU_USDT_Perp+0.0088%4h4,348.2−0.714%$1.4M$3.0M25xas long as short
Binance XAUUSDT+0.0093%4h4,346.7−0.749%$414.1M$2.09B100xas long as short
MEXC XAU_USDT+0.0094%4h4,346.8−0.747%$372.7M$317.6M1000xas long as short
edgeX XAUUSDC+0.0095%4h4,343.4−0.824%$30.2M$58.3M50xas long as short
Pacifica XAU+0.0100%1h4,343.3−0.827%$1.4M$1.1M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,346.8−0.747%$275K$203K50xas long as short
Aevo XAU-PERP+0.0104%1h4,345.6−0.773%$161K$8710xas long as short
Phoenix GOLD+0.0142%1h4,347.3−0.735%$47K$77K25xas long as short
Polymarket Perps GOLD-USD+0.0152%1h4,345.8−0.769%$4.3M$1.9M20xas long as short
Hotstuff GOLD-PERP+0.0160%1h4,343.7−0.817%$33K25xas long as short
Kraken Futures PF_XAUUSD+0.0194%1h4,343.4−0.824%$592K$132K25xas long as short
Bullet GOLD-USD+0.0203%1h4,346.3−0.758%$59K$82K10xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0210%1h4,345.3−0.781%$243K$789K25xas long as short
Phemex XAUUSDT+0.0218%4h4,349.7−0.681%$2.2M$967K100xas long as short
Bitget XAUUSDT+0.0232%4h4,347.3−0.736%$70.0M$109.2M100xas long as short
Bybit XAUUSDT+0.0238%4h4,348.6−0.706%$85.0M$144.9M150xas long as short
OKX XAU-USDT-SWAP+0.0284%8h4,348.2−0.715%$165.6M$281.7M100xas long as short
Bluefin GOLD-PERP+0.0285%1h4,340.5−0.890%$25K$14K20xas long as short
BloFin XAU-USDT+0.0344%4h4,346.1−0.762%$15.6M$4.5M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0413% / S −0.0230%1h4,347−0.742%$248K111xas long as short
HTX XAU-USDT+0.0626%4h4,351.6−0.637%$2.9M$4.3M75xas long as short