Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0095%/8h= −10.4% APRpaid last 24h +0.003%

Price spread now: Variational Omni against RISEx+0.081%7-day average −0.004% · you sell dearer than you buy

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

Long on RISEx Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.025%−$2 on $10k

Price spread, last 7 days−0.098%−$10 · spread now +0.081%, 7d avg −0.004%

Together, before fees−0.122%+ Points / potential airdropVariational Omni: Active · farm board−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.085% dearer against RISEx than usual: you sell high and buy low (spread +0.081% now, against its 7-day average of −0.004%): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.0 days. At the pace of the last 4 days (−0.025% in total) that is about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XAU/USDC	4,322.8	0.0184	pay 0.0023% / 1h	53m 58s	$3.7M	$12.5M	25x
Short	Variational Omni XAU	4,326.3	0.0089	get 0.0045% / 4h	1h 53m	$47.1M	$29.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against RISEx. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 RISExbpFee Variational OmnibpOrdersPrice spread, now +0.081%Rate

Funding earned: −$19.95
Price spread: +0.081% → −0.004%: $8.5
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$17.44
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: RISEx: live order book, 5 min ago; Variational Omni: RFQ quote, 5 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 RISEx live order book, 5 min ago	0.19 bp	3.2 bp −$3	3.7 bp −$37	35.7 bp −$3,565	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	1.54 bp	doesn't fit	1.5 bp −$15	5.2 bp −$521	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
Bluefin GOLD-PERP	−0.0004%	1h	4,317.2	−0.130%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,326.9	+0.094%	$92K	$8.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,319.1	−0.087%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0010%	4h	4,323.8	+0.022%	$77.8M	$156.9M	150x	as long as short
Extended XAU-USD	+0.0032%	1h	4,318.7	−0.094%	$13.1M	$36.6M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.639%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,327.3	+0.104%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,321.8	−0.023%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,354.6	+0.735%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,319.8	−0.070%	$291.4M	$51.6M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,318.2	−0.107%	$15.0M	$56.0M	25x	as long as short
Lighter XAU	+0.0056%	1h	4,322.2	−0.013%	$20.3M	$30.1M	25x	as long as short
Hotstuff GOLD-PERP	+0.0064%	1h	4,321	−0.042%	$32K	—	25x	as long as short
Kalshi KXGOLDPERP	+0.0068%	24h	4,323.9	+0.025%	$3.9M	$42.8M	15x	as long as short
Paradex XAU-USD-PERP	+0.0070%	8h	4,322.7	−0.003%	$19K	$5K	5x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,321.3	−0.035%	$2.1M	$4.9M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0074%	4h	4,326.5	+0.085%	$1.4M	$3.0M	25x	as long as short
Gate XAU_USDT	+0.0076%	4h	4,324.9	+0.049%	$274.9M	$405.5M	100x	as long as short
Aster XAUUSD1	+0.0080%	4h	4,324.6	+0.042%	$72.3M	$317.5M	20x	as long as short
Variational Omni XAUshort	+0.0089%	4h	4,326.3	+0.081%	$47.1M	$29.2M	—
Lighter RH XAU	+0.0096%	1h	4,324.8	+0.046%	$19.8M	$38.3M	25x	as long as short
MEXC XAU_USDT	+0.0096%	4h	4,323	+0.004%	$363.1M	$324.3M	1000x	as long as short
Binance XAUUSDT	+0.0097%	4h	4,323.1	+0.006%	$413.4M	$2.13B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,318.9	−0.090%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,322.3	−0.011%	$272K	$208K	50x	as long as short
edgeX XAUUSDC	+0.0102%	4h	4,324.1	+0.030%	$30.1M	$60.3M	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,322	−0.020%	$160K	$87	10x	as long as short
Phoenix GOLD	+0.0127%	1h	4,324.8	+0.046%	$47K	$79K	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0154%	1h	4,319.3	−0.081%	$588K	$130K	25x	as long as short
RISEx XAU/USDClong	+0.0184%	1h	4,322.8	long leg	$3.7M	$12.5M	25x
Bullet GOLD-USD	+0.0198%	1h	4,323	+0.004%	$58K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0207%	1h	4,321.5	−0.030%	$4.2M	$1.9M	20x	as long as short
HTX XAU-USDT	+0.0208%	4h	4,325.3	+0.058%	$2.8M	$4.9M	75x	as long as short
Bitget XAUUSDT	+0.0234%	4h	4,323	+0.005%	$67.9M	$119.2M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0317%	8h	4,323.7	+0.021%	$170.2M	$297.1M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0329%	1h	4,322.7	−0.003%	$193K	$829K	25x	as long as short
BloFin XAU-USDT	+0.0337%	4h	4,325	+0.051%	$16.0M	$4.4M	100x	as long as short
Phemex XAUUSDT	+0.0413%	4h	4,327	+0.097%	$2.2M	$961K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0463% / S −0.0307%	1h	4,322.9	+0.001%	$252K	—	111x	as long as short