Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0023%/8h= −2.6% APRpaid last 24h +0.011%

Price spread now: Variational Omni against Pacifica+0.078%7-day average +0.092% · you sell dearer than you buy

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

Long on Pacifica Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.021%+$2 on $10k

Price spread, last 7 days+0.020%+$2 · spread now +0.078%, 7d avg +0.092%

Together, before fees+0.042%+ Points / potential airdropPacifica: Active · Variational Omni: Active · farm board+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.092%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XAU	4,343.7	0.0100	pay 0.0013% / 1h	46m 06s	$1.4M	$1.1M	10x
Short	Variational Omni XAU	4,347.1	0.0077	get 0.0038% / 4h	46m 06s	$48.4M	$27.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Pacifica. 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 PacificabpFee Variational OmnibpOrdersPrice spread, now +0.078%Rate

Funding earned: −$4.93
Price spread: +0.078% → +0.092%: −$1.38
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$14.31
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 3 min ago; Variational Omni: RFQ quote, 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 Pacifica live order book, 3 min ago	0.12 bp	5.6 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	1.54 bp	doesn't fit	1.5 bp −$15	2.3 bp −$226	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
RISEx XAU/USDC	0.0000%	1h	4,347.4	+0.084%	$3.4M	$12.3M	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,351.9	+0.188%	$92K	$9.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,343.5	−0.005%	$271K	—	250x	as long as short
Gate XAU_USDT	+0.0014%	4h	4,349.2	+0.127%	$269.1M	$409.7M	100x	as long as short
Lighter XAU	+0.0032%	1h	4,346.1	+0.056%	$20.8M	$37.7M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,343.5	−0.004%	$13.3M	$38.6M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.154%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,347.2	+0.080%	$3.8M	$4.6M	40x	as long as short
QFEX GOLD-USD	+0.0041%	1h	4,345.9	+0.050%	$5.7M	$2.0M	20x	as long as short
Kalshi KXGOLDPERP	+0.0043%	24h	4,345.7	+0.046%	$4.1M	$37.1M	15x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,380.4	+0.845%	—	$1.1M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,342.7	−0.023%	$2.0M	$4.9M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,344.3	+0.013%	$15.1M	$56.7M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0054%	1h	4,344.8	+0.025%	$293.8M	$48.7M	25x	as long as short
Aster XAUUSD1	+0.0056%	4h	4,348.1	+0.101%	$71.0M	$333.8M	20x	as long as short
Lighter RH XAU	+0.0056%	1h	4,348.5	+0.111%	$20.1M	$39.1M	25x	as long as short
Variational Omni XAUshort	+0.0077%	4h	4,347.1	+0.078%	$48.4M	$27.7M	—
Hotstuff GOLD-PERP	+0.0080%	1h	4,344.6	+0.020%	$33K	—	25x	as long as short
GRVT XAU_USDT_Perp	+0.0080%	4h	4,345.1	+0.031%	$1.4M	$3.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0086%	8h	4,347.4	+0.084%	$19K	$5K	5x	as long as short
MEXC XAU_USDT	+0.0088%	4h	4,347.9	+0.095%	$371.7M	$316.6M	1000x	as long as short
edgeX XAUUSDC	+0.0089%	4h	4,340.2	−0.081%	$30.2M	$58.5M	50x	as long as short
Binance XAUUSDT	+0.0090%	4h	4,347.9	+0.096%	$412.8M	$2.09B	100x	as long as short
Pacifica XAUlong	+0.0100%	1h	4,343.7	long leg	$1.4M	$1.1M	10x
ApeX Omni XAUUSDT	+0.0100%	1h	4,342.5	−0.028%	$274K	$203K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,347	+0.076%	$161K	$87	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0118%	1h	4,345.4	+0.039%	$243K	$787K	25x	as long as short
Phoenix GOLD	+0.0142%	1h	4,343	−0.017%	$47K	$77K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0162%	1h	4,347.4	+0.085%	$4.3M	$1.9M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0194%	1h	4,345.2	+0.035%	$593K	$133K	25x	as long as short
Phemex XAUUSDT	+0.0207%	4h	4,348.8	+0.117%	$2.2M	$972K	100x	as long as short
Bullet GOLD-USD	+0.0217%	1h	4,348	+0.099%	$60K	$83K	10x	as long as short
Bitget XAUUSDT	+0.0230%	4h	4,347.8	+0.094%	$70.0M	$109.2M	100x	as long as short
Bybit XAUUSDT	+0.0232%	4h	4,349.1	+0.124%	$84.8M	$144.8M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0278%	8h	4,349.3	+0.129%	$165.5M	$281.5M	100x	as long as short
BloFin XAU-USDT	+0.0329%	4h	4,347.1	+0.078%	$15.6M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0411% / S −0.0227%	1h	4,347.9	+0.097%	$248K	—	111x	as long as short
HTX XAU-USDT	+0.0626%	4h	4,351.9	+0.188%	$2.9M	$4.3M	75x	as long as short
Bluefin GOLD-PERP	+0.1456%	1h	4,340.4	−0.076%	$25K	$14K	20x	as long as short