Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h +0.019%

Price spread now: Variational Omni against StandX−0.011%7-day average −0.018% · you buy dearer than you sell

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

Long on StandX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.002%$0 on $10k

Price spread, last 7 days−0.007%−$1 · spread now −0.011%, 7d avg −0.018%

Together, before fees−0.004%+ Points / potential airdropStandX: Active · Variational Omni: Active · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.018%, 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	StandX XAU-USD	4,365.8	0.0040	pay 0.0005% / 1h	33m 25s	$3.8M	$4.7M	40x
Short	Variational Omni XAU	4,365.3	0	get 0.0000% / 4h	3h 33m	$48.6M	$27.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against StandX. 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 StandXbpFee Variational OmnibpOrdersPrice spread, now −0.011%Rate

Funding earned: −$8.4
Price spread: −0.011% → −0.018%: $0.75
Slippage, 4 orders: no order book: not counted
Fee StandX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$15.65
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: StandX: live order book, 1 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy StandX live order book, 1 min ago	2.52 bp	6.7 bp −$7	7.4 bp −$74	10.3 bp −$1,029	11.9 bp −$5,970
Sell Variational Omni RFQ quote, 1 min ago	1.53 bp	doesn't fit	1.7 bp −$17	4.4 bp −$440	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
Aster XAUUSD1	0.0000%	4h	4,363.2	−0.060%	$71.1M	$201.0M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,364.3	−0.036%	$265.5M	$414.1M	100x	as long as short
Variational Omni XAUshort	0.0000%	4h	4,365.3	−0.011%	$48.6M	$27.5M	—
Kalshi KXGOLDPERP	0.0000%	24h	4,361.7	−0.094%	$4.0M	$36.6M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,369.6	+0.086%	$93K	$10.3M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,358.8	−0.160%	$267K	—	250x	as long as short
MEXC XAU_USDT	+0.0006%	4h	4,363.5	−0.053%	$373.5M	$325.2M	1000x	as long as short
Hotstuff GOLD-PERP	+0.0008%	1h	4,360.1	−0.131%	$33K	—	25x	as long as short
Binance XAUUSDT	+0.0009%	4h	4,363.2	−0.060%	$410.6M	$2.15B	100x	as long as short
edgeX XAUUSDC	+0.0022%	4h	4,359.4	−0.146%	$30.3M	$60.5M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.352%	$619	$54	52x	as long as short
Bitget XAUUSDT	+0.0036%	4h	4,363.6	−0.049%	$69.6M	$113.3M	100x	as long as short
StandX XAU-USDlong	+0.0040%	1h	4,365.8	long leg	$3.8M	$4.7M	40x
QFEX GOLD-USD	+0.0045%	1h	4,362.8	−0.069%	$5.6M	$1.9M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,397.3	+0.722%	—	$1.0M	25x	as long as short
RISEx XAU/USDC	+0.0048%	1h	4,363.5	−0.054%	$3.4M	$12.3M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,360.1	−0.131%	$293.9M	$52.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,358.6	−0.166%	$14.7M	$57.2M	25x	as long as short
Phoenix GOLD	+0.0055%	1h	4,362.9	−0.066%	$48K	$64K	25x	as long as short
Lighter XAU	+0.0072%	1h	4,362.1	−0.084%	$20.6M	$43.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0078%	8h	4,362.9	−0.066%	$19K	$5K	5x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,362.7	−0.071%	$162K	$87	10x	as long as short
Bybit XAUUSDT	+0.0082%	4h	4,363.9	−0.044%	$82.7M	$143.5M	150x	as long as short
BloFin XAU-USDT	+0.0082%	4h	4,365.4	−0.010%	$15.6M	$4.6M	100x	as long as short
Lighter RH XAU	+0.0096%	1h	4,364.6	−0.028%	$20.2M	$40.9M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,363.4	−0.055%	$2.0M	$5.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,359.5	−0.144%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,360.4	−0.123%	$277K	$204K	50x	as long as short
Extended XAU-USD	+0.0128%	1h	4,359	−0.157%	$13.5M	$44.1M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0128%	1h	4,362.4	−0.078%	$4.3M	$1.8M	20x	as long as short
GRVT XAU_USDT_Perp	+0.0154%	4h	4,365.2	−0.013%	$1.4M	$3.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0191%	8h	4,364.9	−0.021%	$165.6M	$286.2M	100x	as long as short
Bullet GOLD-USD	+0.0213%	1h	4,363.7	−0.049%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,362	−0.088%	$595K	$150K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0232%	1h	4,362.9	−0.066%	$235K	$656K	25x	as long as short
Bluefin GOLD-PERP	+0.0333%	1h	4,357	−0.201%	$26K	$22K	20x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,363.5	−0.053%	$252K	—	111x	as long as short
Phemex XAUUSDT	+0.0555%	4h	4,367.3	+0.034%	$2.2M	$1.1M	100x	as long as short
HTX XAU-USDT	+0.0653%	4h	4,369.7	+0.089%	$2.9M	$3.9M	75x	as long as short