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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0090%/8h= +9.8% APRpaid last 24h +0.027%
Price spread now: Variational Omni against gTrade (Gains Network)+0.261%7-day average +0.094% · you sell dearer than you buy
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 4 days (all we have)+0.055%+$5 on $10k
Price spread, last 4 days (all we have)−0.228%−$23 · spread now +0.261%, 7d avg +0.094%
Together, before fees−0.174%+ Points / potential airdropVariational Omni: Active · farm board−$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Variational Omni is 0.167% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.094%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) XAU/USD4,295.1L +0.0002% / S −0.0003%pay 0.0000% / 1h28m 19s$272K250x
ShortVariational Omni XAU4,306.30.0092get 0.0046% / 4h3h 28m$46.7M$29.2M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against gTrade (Gains Network). 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
$18.8
Price spread: +0.261% → +0.094%
$16.69
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$28.49
Costs to cover
0.070%
Break-even
from the start
Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 36 min ago; Variational Omni: RFQ quote, 1 min ago. 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 gTrade (Gains Network) virtual book (oracle venue), 36 min ago130.01 bp133.5 bp −$134196.7 bp −$1,9671352.9 bp −$135.3K5907.8 bp −$2.95M
Sell Variational Omni RFQ quote, 1 min ago1.54 bpdoesn't fit1.5 bp −$152.3 bp −$227doesn't fit

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
SunX XAU-USDT0.0000%4h4,303.2+0.190%$91K$6.7M20xas long as short
gTrade (Gains Network) XAU/USDlongL +0.0002% / S −0.0003%1h4,295.1long leg$272K250x
Injective XAU/USDC PERP+0.0033%1h4,350.4+1.288%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,304.4+0.217%$3.8M$4.5M40xas long as short
Vest GC-PERP+0.0046%1h4,332.5+0.871%$1.0M25xas long as short
QFEX GOLD-USD+0.0046%1h4,299.3+0.098%$6.6M$3.1M20xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,296.1+0.023%$290.4M$54.2M25xas long as short
Polymarket Perps GOLD-USD+0.0050%1h4,295.8+0.016%$4.3M$1.8M20xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,295.5+0.009%$15.0M$55.8M25xas long as short
Aster XAUUSD1+0.0055%4h4,300.4+0.124%$73.3M$271.4M20xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International GOLD-PERP-INTX+0.0056%1h4,295.9+0.019%$2.0M$5.1M25xas long as short
Paradex XAU-USD-PERP+0.0061%8h4,301.6+0.150%$2K$13K5xas long as short
Hotstuff GOLD-PERP+0.0072%1h4,300+0.114%$32K25xas long as short
Lighter XAU+0.0080%1h4,298.1+0.069%$20.2M$29.2M25xas long as short
Extended XAU-USD+0.0080%1h4,295−0.003%$13.0M$36.3M25xas long as short
Variational Omni XAUshort+0.0092%4h4,306.3+0.261%$46.7M$29.2M
Phoenix GOLD+0.0095%1h4,306.2+0.258%$42K$86K25xas long as short
Bybit XAUUSDT+0.0097%4h4,300.6+0.127%$77.6M$159.1M150xas long as short
Pacifica XAU+0.0100%1h4,297.6+0.058%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,303.5+0.195%$275K$218K50xas long as short
MEXC XAU_USDT+0.0108%4h4,298.9+0.089%$362.5M$342.3M1000xas long as short
Binance XAUUSDT+0.0109%4h4,299.4+0.099%$435.2M$2.24B100xas long as short
Kalshi KXGOLDPERP+0.0111%24h4,301+0.137%$3.6M$46.8M15xas long as short
Lighter RH XAU+0.0112%1h4,301+0.137%$19.7M$40.3M25xas long as short
Aevo XAU-PERP+0.0112%1h4,299.7+0.106%$159K$8710xas long as short
edgeX XAUUSDC+0.0121%4h4,304+0.207%$30.0M$62.0M50xas long as short
RISEx XAU/USDC+0.0126%1h4,299.6+0.106%$4.4M$13.1M25xas long as short
GRVT XAU_USDT_Perp+0.0132%4h4,306+0.253%$1.4M$3.1M25xas long as short
Gate XAU_USDT+0.0152%4h4,301.4+0.147%$296.3M$430.4M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0192%1h4,298+0.068%$133K$851K25xas long as short
Bitget XAUUSDT+0.0196%4h4,299+0.090%$70.5M$126.3M100xas long as short
Bullet GOLD-USD+0.0198%1h4,299.4+0.100%$58K$81K10xas long as short
OKX XAU-USDT-SWAP+0.0250%8h4,300.4+0.123%$170.1M$335.2M100xas long as short
Kraken Futures PF_XAUUSD+0.0329%1h4,296.1+0.024%$572K$139K25xas long as short
BloFin XAU-USDT+0.0391%4h4,305.5+0.243%$16.3M$5.0M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0465% / S −0.0313%1h4,299.1+0.094%$254K111xas long as short
Phemex XAUUSDT+0.0656%4h4,303.6+0.197%$2.2M$956K100xas long as short
HTX XAU-USDT+0.1140%4h4,305.8+0.248%$3.2M$6.8M75xas long as short
Bluefin GOLD-PERP+0.3247%1h4,293.8−0.030%$25K$1K20xas long as short