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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0058%/8h= +6.3% APRnext payment +$0.29 per $10,000 · paid last 24h +0.041%
Price spread now: Variational Omni against SunX−0.149%7-day average −0.107% · you buy dearer than you sell
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 3 days (all we have)+0.059%+$6 on $10k
Price spread, last 4 days (all we have)−0.058%−$6 · spread now −0.149%, 7d avg −0.107%
Together, before fees0.000%+ Points / potential airdropVariational Omni: Active · farm board$0 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.043% cheaper against SunX than usual: you would sell low and buy high (spread −0.149% now, against its 7-day average of −0.107%). If the spread goes back, that is −$4 on $10k: about 2.5 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX XAU-USDT4,3570get 0.0000% / 4h1h 32m$93K$9.3M20x
ShortVariational Omni XAU4,350.50.0058get 0.0029% / 4h1h 32m$48.3M$27.8M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against SunX. 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
$12.1
Price spread: −0.149% → −0.107%
−$4.27
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$0.17
Costs to cover
0.080%
Break-even
7.1 days
Slippage unknown: SunX: live order book, 7 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
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 7 min ago23.51 bp27.5 bp −$2840.6 bp −$406doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 2 min ago1.55 bpdoesn't fit1.6 bp −$164.6 bp −$461doesn'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-USDTlong0.0000%4h4,357long leg$93K$9.3M20x
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,348.8−0.188%$267K250xas long as short
Gate XAU_USDT+0.0006%4h4,353.6−0.078%$266.6M$410.7M100xas long as short
RISEx XAU/USDC+0.0010%1h4,351.9−0.117%$3.4M$12.4M25xas long as short
Extended XAU-USD+0.0032%1h4,348.3−0.200%$13.6M$39.2M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.151%$619$5452xas long as short
Kalshi KXGOLDPERP+0.0038%24h4,350.3−0.154%$4.1M$36.9M15xas long as short
StandX XAU-USD+0.0040%1h4,352.1−0.112%$3.8M$4.6M40xas long as short
Aster XAUUSD1+0.0041%4h4,353.1−0.091%$70.4M$333.6M20xas long as short
Vest GC-PERP+0.0046%1h4,385.9+0.663%$1.0M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX GOLD-USD+0.0046%1h4,351.5−0.126%$5.6M$1.9M20xas long as short
GRVT XAU_USDT_Perp+0.0048%4h4,351.9−0.118%$1.4M$3.0M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0048%1h4,349−0.184%$2.0M$4.9M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,349−0.184%$293.8M$48.7M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,348.7−0.192%$15.1M$57.5M25xas long as short
Lighter XAU+0.0056%1h4,351.2−0.133%$20.6M$42.1M25xas long as short
Variational Omni XAUshort+0.0058%4h4,350.5−0.149%$48.3M$27.8M
MEXC XAU_USDT+0.0072%4h4,352.3−0.108%$372.7M$317.9M1000xas long as short
Binance XAUUSDT+0.0074%4h4,352.1−0.113%$413.0M$2.10B100xas long as short
Lighter RH XAU+0.0080%1h4,353.4−0.084%$20.1M$39.7M25xas long as short
Paradex XAU-USD-PERP+0.0083%8h4,352.1−0.112%$19K$5K5xas long as short
edgeX XAUUSDC+0.0089%4h4,346.1−0.249%$30.3M$58.8M50xas long as short
Aevo XAU-PERP+0.0096%1h4,351.9−0.116%$161K$8710xas long as short
Pacifica XAU+0.0100%1h4,349−0.184%$1.4M$1.1M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,348.5−0.196%$275K$203K50xas long as short
Bluefin GOLD-PERP+0.0100%1h4,345.7−0.260%$25K$14K20xas long as short
Polymarket Perps GOLD-USD+0.0133%1h4,352.2−0.110%$4.3M$1.9M20xas long as short
Phoenix GOLD+0.0136%1h4,346.5−0.241%$47K$77K25xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0164%1h4,351.2−0.133%$258K$705K25xas long as short
Hotstuff GOLD-PERP+0.0176%1h4,349.1−0.181%$33K25xas long as short
Bybit XAUUSDT+0.0196%4h4,353.7−0.076%$84.5M$145.2M150xas long as short
Phemex XAUUSDT+0.0208%4h4,352.7−0.098%$2.2M$1.1M100xas long as short
Bitget XAUUSDT+0.0212%4h4,352.3−0.109%$70.2M$109.6M100xas long as short
Bullet GOLD-USD+0.0219%1h4,352.7−0.099%$59K$83K10xas long as short
OKX XAU-USDT-SWAP+0.0252%8h4,353.7−0.076%$164.9M$281.8M100xas long as short
Kraken Futures PF_XAUUSD+0.0269%1h4,349.1−0.181%$593K$133K25xas long as short
BloFin XAU-USDT+0.0296%4h4,352.7−0.100%$15.5M$4.6M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0403% / S −0.0214%1h4,352.7−0.099%$251K111xas long as short
HTX XAU-USDT+0.0558%4h4,357.7+0.016%$2.9M$4.2M75xas long as short