Funding you earn now, next payment 03:00 UTC+0.0081%/8h= +8.9% APRpaid last 24h +0.138%
Price spread now: Phemex against Vest−0.742%7-day average −0.832% · 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)+0.122%+$12 on $10k
+Price spread, last 4 days (all we have)+0.116%+$12 · spread now −0.742%, 7d avg −0.832%
=Together, before fees+0.238%+ Points / potential airdropVest: Active · farm board+$24 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 Phemex is 0.090% dearer against Vest than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.832%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest GC-PERP | 4,389.7 | 0.0046 | pay 0.0006% / 1h | 25m 34s | — | $1.0M | 25x |
| Short | Phemex XAUUSDT | 4,357.1 | 0.0127 | get 0.0064% / 4h | 1h 25m | $2.2M | $1.1M | 100x |
Vest GC-PERP
Phemex XAUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $17.12
- Price spread: −0.742% → −0.832%
- $8.96
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $12.07
- Costs to cover
- 0.140%
- Break-even
- 2.1 days
Slippage unknown: Vest: no order-book sample; Phemex: live order book, 3 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 Phemex live order book, 3 min ago | 2.36 bp | 31.1 bp −$31 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX XAU-USDT | 0.0000% | 4h | 4,361.9 | −0.634% | $93K | $9.2M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,352.6 | −0.845% | $267K | — | 250x | as long as short |
| Gate XAU_USDT | +0.0008% | 4h | 4,359 | −0.700% | $264.9M | $412.5M | 100x | as long as short |
| RISEx XAU/USDC | +0.0010% | 1h | 4,357.7 | −0.729% | $3.4M | $12.4M | 25x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,354 | −0.813% | $13.6M | $38.9M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | −0.895% | $619 | $54 | 52x | as long as short |
| Kalshi KXGOLDPERP | +0.0039% | 24h | 4,354.7 | −0.797% | $4.1M | $37.0M | 15x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,356.4 | −0.759% | $3.8M | $4.6M | 40x | as long as short |
| Aster XAUUSD1 | +0.0043% | 4h | 4,357.9 | −0.726% | $70.5M | $333.9M | 20x | as long as short |
| Vest GC-PERPlong | +0.0046% | 1h | 4,389.7 | long leg | — | $1.0M | 25x |
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Gate XAU_USDT
RISEx XAU/USDC
Extended XAU-USD
Injective XAU/USDC PERP
Kalshi KXGOLDPERP
StandX XAU-USD
Aster XAUUSD1Show all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX GOLD-USD | +0.0046% | 1h | 4,355.8 | −0.772% | $5.6M | $1.9M | 20x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0048% | 1h | 4,352.2 | −0.854% | $2.0M | $4.9M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,354.3 | −0.806% | $294.2M | $48.8M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,354.4 | −0.805% | $15.1M | $57.3M | 25x | as long as short |
| GRVT XAU_USDT_Perp | +0.0052% | 4h | 4,353.7 | −0.821% | $1.4M | $3.0M | 25x | as long as short |
| Lighter XAU | +0.0056% | 1h | 4,356.8 | −0.749% | $20.7M | $42.3M | 25x | as long as short |
| Variational Omni XAU | +0.0057% | 4h | 4,355.6 | −0.776% | $48.3M | $27.9M | — | as long as short |
| Lighter RH XAU | +0.0064% | 1h | 4,359.1 | −0.698% | $20.2M | $39.7M | 25x | as long as short |
| MEXC XAU_USDT | +0.0074% | 4h | 4,357.9 | −0.725% | $372.4M | $318.8M | 1000x | as long as short |
| Binance XAUUSDT | +0.0074% | 4h | 4,357.7 | −0.729% | $413.2M | $2.10B | 100x | as long as short |
| Paradex XAU-USD-PERP | +0.0081% | 8h | 4,357.8 | −0.728% | $19K | $5K | 5x | as long as short |
| edgeX XAUUSDC | +0.0087% | 4h | 4,349.1 | −0.926% | $30.3M | $58.2M | 50x | as long as short |
| Aevo XAU-PERP | +0.0096% | 1h | 4,355.4 | −0.781% | $161K | $87 | 10x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,354.4 | −0.805% | $1.4M | $1.1M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,351 | −0.882% | $275K | $202K | 50x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0118% | 1h | 4,354.6 | −0.800% | $258K | $707K | 25x | as long as short |
| Polymarket Perps GOLD-USD | +0.0126% | 1h | 4,355.6 | −0.777% | $4.3M | $1.9M | 20x | as long as short |
| Phemex XAUUSDTshort | +0.0127% | 4h | 4,357.1 | −0.742% | $2.2M | $1.1M | 100x | |
| Phoenix GOLD | +0.0136% | 1h | 4,350.3 | −0.898% | $47K | $77K | 25x | as long as short |
| Bybit XAUUSDT | +0.0199% | 4h | 4,359.2 | −0.695% | $84.6M | $145.6M | 150x | as long as short |
| Bullet GOLD-USD | +0.0205% | 1h | 4,356 | −0.768% | $59K | $83K | 10x | as long as short |
| Hotstuff GOLD-PERP | +0.0208% | 1h | 4,352.9 | −0.838% | $33K | — | 25x | as long as short |
| Bitget XAUUSDT | +0.0212% | 4h | 4,358.1 | −0.720% | $70.3M | $109.4M | 100x | as long as short |
| OKX XAU-USDT-SWAP | +0.0253% | 8h | 4,359.1 | −0.697% | $165.1M | $282.3M | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0269% | 1h | 4,353.6 | −0.822% | $594K | $133K | 25x | as long as short |
| BloFin XAU-USDT | +0.0298% | 4h | 4,356 | −0.768% | $15.5M | $4.6M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0401% / S −0.0212% | 1h | 4,356.5 | −0.756% | $249K | — | 111x | as long as short |
| HTX XAU-USDT | +0.0566% | 4h | 4,362.3 | −0.624% | $2.9M | $4.2M | 75x | as long as short |
| Bluefin GOLD-PERP | +0.0580% | 1h | 4,349.5 | −0.916% | $25K | $14K | 20x | as long as short |
QFEX GOLD-USD
Coinbase International GOLD-PERP-INTX
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
GRVT XAU_USDT_Perp
Lighter XAU
Variational Omni XAU
Lighter RH XAU
MEXC XAU_USDT
Binance XAUUSDT
Paradex XAU-USD-PERP
edgeX XAUUSDC
Aevo XAU-PERP
Pacifica XAU
ApeX Omni XAUUSDT
Deribit GOLD_USDC-PERPETUAL
Polymarket Perps GOLD-USD
Phoenix GOLD
Bybit XAUUSDT
Bullet GOLD-USD
Hotstuff GOLD-PERP
Bitget XAUUSDT
OKX XAU-USDT-SWAP
Kraken Futures PF_XAUUSD
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]
HTX XAU-USDT
Bluefin GOLD-PERP