Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0042%/8h= +4.6% APRpaid last 24h +0.008%

Price spread now: Paradex against Vest−0.752%7-day average — · you buy dearer than you sell

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

Long on Vest Short on Paradex

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · Paradex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.752% cheaper against Vest than usual: you would sell low and buy high (spread −0.752% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$75 on $10k: about 59 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest GC-PERP	4,395.9	0.0046	pay 0.0006% / 1h	0m 22s	—	$1.0M	25x
Short	Paradex XAU-USD-PERP	4,362.9	0.0088	get 0.0088% / 8h	7h 00m	$19K	$5K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.752%Rate

Funding earned: $8.85
Price spread: −0.752% → 0.000%: −$75.16
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$72.3
Costs to cover: 0.060%
Break-even: 64.2 days

Slippage unknown: Vest: no order-book sample; Paradex: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Vest no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Vest and Paradex: 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
Aster XAUUSD1	0.0000%	4h	4,363.2	−0.743%	$69.8M	$236.4M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,363.4	−0.740%	$265.3M	$423.3M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,360.3	−0.810%	$4.0M	$36.7M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,367.1	−0.655%	$93K	$10.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,358.4	−0.854%	$269K	—	250x	as long as short
Extended XAU-USD	+0.0032%	1h	4,358.4	−0.853%	$13.5M	$43.5M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−1.035%	$619	$54	52x	as long as short
Variational Omni XAU	+0.0040%	4h	4,362	−0.772%	$48.4M	$28.5M	—	as long as short
StandX XAU-USD	+0.0040%	1h	4,363.9	−0.728%	$3.8M	$4.7M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,362.9	−0.751%	$5.6M	$1.9M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERPlong	+0.0046%	1h	4,395.9	long leg	—	$1.0M	25x
RISEx XAU/USDC	+0.0048%	1h	4,362.5	−0.759%	$3.4M	$12.4M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,359	−0.839%	$294.2M	$51.8M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,358.5	−0.851%	$14.8M	$57.2M	25x	as long as short
Phoenix GOLD	+0.0055%	1h	4,359.6	−0.826%	$48K	$64K	25x	as long as short
MEXC XAU_USDT	+0.0056%	4h	4,362.6	−0.757%	$372.8M	$331.7M	1000x	as long as short
Binance XAUUSDT	+0.0059%	4h	4,362.9	−0.752%	$411.6M	$2.14B	100x	as long as short
edgeX XAUUSDC	+0.0063%	4h	4,356.5	−0.895%	$30.3M	$60.4M	50x	as long as short
Lighter XAU	+0.0072%	1h	4,360.2	−0.812%	$20.6M	$44.5M	25x	as long as short
Paradex XAU-USD-PERPshort	+0.0088%	8h	4,362.9	−0.752%	$19K	$5K	5x
Lighter RH XAU	+0.0088%	1h	4,364.5	−0.715%	$20.2M	$41.5M	25x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,361.7	−0.778%	$162K	$87	10x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,359.4	−0.830%	$2.0M	$5.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,360	−0.817%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,359.2	−0.836%	$275K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,355.2	−0.927%	$26K	$22K	20x	as long as short
Bitget XAUUSDT	+0.0110%	4h	4,362.7	−0.756%	$69.7M	$112.2M	100x	as long as short
Polymarket Perps GOLD-USD	+0.0116%	1h	4,361.5	−0.783%	$4.3M	$1.8M	20x	as long as short
Hotstuff GOLD-PERP	+0.0128%	1h	4,358.3	−0.855%	$33K	—	25x	as long as short
GRVT XAU_USDT_Perp	+0.0142%	4h	4,362.6	−0.757%	$1.4M	$3.1M	25x	as long as short
Bybit XAUUSDT	+0.0197%	4h	4,363	−0.748%	$83.7M	$144.7M	150x	as long as short
Bullet GOLD-USD	+0.0214%	1h	4,362.9	−0.751%	$59K	$82K	10x	as long as short
OKX XAU-USDT-SWAP	+0.0216%	8h	4,363.7	−0.733%	$164.2M	$287.5M	100x	as long as short
BloFin XAU-USDT	+0.0225%	4h	4,362.7	−0.754%	$15.4M	$4.6M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,359.8	−0.820%	$595K	$141K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0232%	1h	4,360.6	−0.803%	$235K	$658K	25x	as long as short
Phemex XAUUSDT	+0.0301%	4h	4,364.9	−0.706%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0394% / S −0.0199%	1h	4,362.9	−0.750%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.0557%	4h	4,367.1	−0.654%	$2.9M	$3.9M	75x	as long as short