Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0009%/8h= −0.9% APRpaid last 24h +0.002%

Price spread now: Variational Omni against Lighter RH+0.007%7-day average +0.011% · you sell dearer than you buy

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

Long on Lighter RH Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.009%−$1 on $10k

Price spread, last 7 days+0.018%+$2 · spread now +0.007%, 7d avg +0.011%

Together, before fees+0.009%+ Points / potential airdropLighter RH: Points live · Variational Omni: Active · farm board+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH XAU	4,316.8	0.0104	pay 0.0013% / 1h	17m 38s	$20.0M	$39.8M	25x
Short	Variational Omni XAU	4,317.1	0.0095	get 0.0048% / 4h	17m 38s	$47.1M	$29.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Lighter RH. 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 Lighter RHbpFee Variational OmnibpOrdersPrice spread, now +0.007%Rate

Funding earned: −$1.8
Price spread: +0.007% → +0.011%: −$0.43
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$2.24
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Lighter RH: live order book, 6 min ago; Variational Omni: RFQ quote, 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 Lighter RH live order book, 6 min ago	0.24 bp	0.2 bp $0	0.4 bp −$4	16.6 bp −$1,661	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	1.55 bp	doesn't fit	1.6 bp −$16	4.5 bp −$447	doesn't fit

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	4,321.1	+0.100%	$92K	$7.2M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,313.1	−0.085%	$269K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.779%	$619	$54	52x	as long as short
Hotstuff GOLD-PERP	+0.0040%	1h	4,313.3	−0.081%	$32K	—	25x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,314.5	−0.054%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,348.6	+0.736%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,312.2	−0.107%	$290.8M	$51.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,311.9	−0.113%	$15.0M	$55.3M	25x	as long as short
StandX XAU-USD	+0.0051%	1h	4,319.7	+0.067%	$3.8M	$4.5M	40x	as long as short
Aster XAUUSD1	+0.0057%	4h	4,316.5	−0.006%	$72.8M	$272.0M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit XAUUSDT	+0.0062%	4h	4,315.8	−0.022%	$77.7M	$154.3M	150x	as long as short
Bluefin GOLD-PERP	+0.0063%	1h	4,310.5	−0.145%	$25K	$1K	20x	as long as short
Paradex XAU-USD-PERP	+0.0063%	8h	4,314.8	−0.048%	$2K	$14K	5x	as long as short
Lighter XAU	+0.0072%	1h	4,314.5	−0.053%	$20.3M	$30.1M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,312.8	−0.093%	$2.0M	$5.1M	25x	as long as short
Variational Omni XAUshort	+0.0095%	4h	4,317.1	+0.007%	$47.1M	$29.1M	—
Kalshi KXGOLDPERP	+0.0096%	24h	4,318.1	+0.030%	$3.6M	$45.0M	15x	as long as short
Phoenix GOLD	+0.0096%	1h	4,315.6	−0.028%	$42K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,311.6	−0.121%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,315.5	−0.030%	$272K	$209K	50x	as long as short
Lighter RH XAUlong	+0.0104%	1h	4,316.8	long leg	$20.0M	$39.8M	25x
Aevo XAU-PERP	+0.0104%	1h	4,316.5	−0.007%	$160K	$87	10x	as long as short
MEXC XAU_USDT	+0.0106%	4h	4,315.2	−0.037%	$363.4M	$334.7M	1000x	as long as short
Binance XAUUSDT	+0.0108%	4h	4,315.2	−0.038%	$428.0M	$2.15B	100x	as long as short
GRVT XAU_USDT_Perp	+0.0110%	4h	4,317.2	+0.008%	$1.4M	$3.0M	25x	as long as short
Gate XAU_USDT	+0.0110%	4h	4,317.1	+0.006%	$285.7M	$424.0M	100x	as long as short
Extended XAU-USD	+0.0112%	1h	4,311.1	−0.132%	$13.2M	$36.8M	25x	as long as short
edgeX XAUUSDC	+0.0124%	4h	4,311.9	−0.114%	$30.0M	$60.1M	50x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0144%	1h	4,315.7	−0.026%	$162K	$877K	25x	as long as short
Bitget XAUUSDT	+0.0190%	4h	4,315.2	−0.038%	$70.2M	$120.7M	100x	as long as short
Bullet GOLD-USD	+0.0204%	1h	4,317.1	+0.006%	$59K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0219%	1h	4,317	+0.004%	$4.3M	$1.8M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0228%	1h	4,314.6	−0.051%	$574K	$138K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0269%	8h	4,315.5	−0.030%	$174.7M	$303.1M	100x	as long as short
BloFin XAU-USDT	+0.0346%	4h	4,317.5	+0.015%	$16.6M	$4.9M	100x	as long as short
Phemex XAUUSDT	+0.0415%	4h	4,320.3	+0.080%	$2.2M	$977K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0465% / S −0.0311%	1h	4,317.1	+0.006%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.0502%	4h	4,323.7	+0.160%	$3.2M	$6.0M	75x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,315.2	−0.038%	$4.5M	$13.4M	25x	as long as short