Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0057%/8h= +6.2% APRpaid last 24h +0.025%

Price spread now: Variational Omni against tradeXYZ+0.096%7-day average +0.084% · you sell dearer than you buy

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

Long on tradeXYZ Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.012%+$1 on $10k

Price spread, last 7 days−0.070%−$7 · spread now +0.096%, 7d avg +0.084%

Together, before fees−0.058%+ Points / potential airdroptradeXYZ: Active · Variational Omni: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.084%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:GOLD	4,348.1	0.0050	pay 0.0006% / 1h	52m 14s	$293.5M	$48.6M	25x
Short	Variational Omni XAU	4,352.3	0.0107	get 0.0053% / 4h	1h 52m	$48.3M	$28.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against tradeXYZ. 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 tradeXYZbpFee Variational OmnibpOrdersPrice spread, now +0.096%Rate

Funding earned: $11.97
Price spread: +0.096% → +0.084%: $1.18
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$4.85
Costs to cover: 0.180%
Break-even: 9.8 days

Slippage unknown: tradeXYZ: live order book, 8 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 tradeXYZ live order book, 8 min ago	0.12 bp	9.1 bp −$9	9.2 bp −$92	11.1 bp −$1,105	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	1.54 bp	doesn't fit	1.5 bp −$15	5.1 bp −$505	doesn't fit

XAU on 38 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	−0.0131%	1h	4,344.6	−0.081%	$25K	$14K	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,352.9	+0.111%	$262.6M	$405.3M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,356.8	+0.200%	$93K	$9.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,347.1	−0.023%	$269K	—	250x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,352.6	+0.103%	$3.4M	$12.4M	25x	as long as short
Lighter XAU	+0.0032%	1h	4,349.4	+0.030%	$20.6M	$41.8M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,347.4	−0.016%	$13.5M	$40.5M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.053%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0037%	24h	4,349.3	+0.028%	$4.1M	$36.2M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,354.8	+0.154%	$3.8M	$4.6M	40x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,386	+0.872%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,351.5	+0.078%	$5.6M	$1.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,348.4	+0.007%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLDlong	+0.0050%	1h	4,348.1	long leg	$293.5M	$48.6M	25x
Ondo Perps XAU-USD.P	+0.0050%	1h	4,349.5	+0.032%	$15.1M	$57.9M	25x	as long as short
Aster XAUUSD1	+0.0061%	4h	4,351.1	+0.068%	$70.1M	$328.3M	20x	as long as short
Lighter RH XAU	+0.0064%	1h	4,352.1	+0.091%	$20.1M	$39.3M	25x	as long as short
Paradex XAU-USD-PERP	+0.0085%	8h	4,352.3	+0.098%	$19K	$5K	5x	as long as short
Pacifica XAU	+0.0100%	1h	4,349.2	+0.025%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,351.3	+0.074%	$275K	$204K	50x	as long as short
Polymarket Perps GOLD-USD	+0.0101%	1h	4,351.6	+0.080%	$4.3M	$1.9M	20x	as long as short
Hotstuff GOLD-PERP	+0.0104%	1h	4,352.8	+0.108%	$33K	—	25x	as long as short
Variational Omni XAUshort	+0.0107%	4h	4,352.3	+0.096%	$48.3M	$28.1M	—
Aevo XAU-PERP	+0.0112%	1h	4,351.8	+0.084%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0118%	4h	4,351.8	+0.085%	$372.1M	$315.4M	1000x	as long as short
Binance XAUUSDT	+0.0118%	4h	4,350.6	+0.058%	$410.4M	$2.09B	100x	as long as short
edgeX XAUUSDC	+0.0121%	4h	4,347.1	−0.024%	$30.3M	$58.7M	50x	as long as short
GRVT XAU_USDT_Perp	+0.0136%	4h	4,354	+0.137%	$1.4M	$3.0M	25x	as long as short
Phoenix GOLD	+0.0136%	1h	4,352	+0.090%	$48K	$77K	25x	as long as short
Bullet GOLD-USD	+0.0190%	1h	4,351.4	+0.076%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0207%	4h	4,351.2	+0.071%	$84.0M	$145.0M	150x	as long as short
Bitget XAUUSDT	+0.0210%	4h	4,351.5	+0.077%	$69.7M	$109.1M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0249%	8h	4,351.6	+0.080%	$164.6M	$282.0M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0256%	1h	4,349.8	+0.039%	$259K	$702K	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,348.8	+0.016%	$593K	$133K	25x	as long as short
Phemex XAUUSDT	+0.0316%	4h	4,353.3	+0.119%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0397% / S −0.0207%	1h	4,351.3	+0.074%	$251K	—	111x	as long as short
HTX XAU-USDT	+0.0612%	4h	4,358.5	+0.240%	$2.9M	$4.2M	75x	as long as short