Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0005%/8h= +0.5% APRpaid last 24h +0.005%

Price spread now: Aevo against Variational Omni−0.029%7-day average −0.006% · you buy dearer than you sell

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

Long on Variational Omni Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.042%+$4 on $10k

Price spread, last 4 days (all we have)+0.135%+$13 · spread now −0.029%, 7d avg −0.006%

Together, before fees+0.177%+ Points / potential airdropVariational Omni: Active · farm board+$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.023% cheaper against Variational Omni than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XAU	4,314.5	0.0107	pay 0.0054% / 4h	3h 47m	$46.7M	$29.3M	—
Short	Aevo XAU-PERP	4,313.3	0.0112	get 0.0014% / 1h	47m 16s	$160K	$87	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Variational Omni. 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 Variational OmnibpFee AevobpOrdersPrice spread, now −0.029%Rate

Funding earned: $0.99
Price spread: −0.029% → −0.006%: −$2.3
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$17.31
Costs to cover: 0.160%
Break-even: 128.9 days

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Aevo: live order book, 52 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 Variational Omni RFQ quote, 2 min ago	1.54 bp	doesn't fit	2.1 bp −$21	4.6 bp −$458	doesn't fit
Sell Aevo live order book, 52 min ago	5.13 bp	16.9 bp −$17	29.4 bp −$294	doesn't fit	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
Hotstuff GOLD-PERP	0.0000%	1h	4,309.8	−0.110%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,317.9	+0.078%	$92K	$6.9M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,310.3	−0.099%	$269K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.832%	$619	$54	52x	as long as short
Vest GC-PERP	+0.0046%	1h	4,346	+0.729%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,312.3	−0.052%	$6.6M	$3.2M	20x	as long as short
Extended XAU-USD	+0.0048%	1h	4,310.3	−0.098%	$13.0M	$36.1M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,310.6	−0.091%	$291.4M	$54.4M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,310.6	−0.091%	$4.3M	$1.8M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,311.1	−0.079%	$15.0M	$55.8M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,309.8	−0.110%	$2.0M	$5.1M	25x	as long as short
Paradex XAU-USD-PERP	+0.0062%	8h	4,313.5	−0.023%	$2K	$13K	5x	as long as short
Aster XAUUSD1	+0.0067%	4h	4,315.4	+0.021%	$73.4M	$271.9M	20x	as long as short
Lighter RH XAU	+0.0072%	1h	4,315.3	+0.019%	$19.8M	$39.5M	25x	as long as short
Lighter XAU	+0.0080%	1h	4,312.9	−0.038%	$20.3M	$28.6M	25x	as long as short
Phoenix GOLD	+0.0095%	1h	4,311.6	−0.068%	$42K	$86K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,309.8	−0.109%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,310.9	−0.084%	$273K	$216K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,308.5	−0.141%	$25K	$1K	20x	as long as short
Bybit XAUUSDT	+0.0100%	4h	4,315.1	+0.012%	$77.2M	$157.4M	150x	as long as short
Kalshi KXGOLDPERP	+0.0106%	24h	4,316.1	+0.036%	$3.7M	$46.2M	15x	as long as short
Variational Omni XAUlong	+0.0107%	4h	4,314.5	long leg	$46.7M	$29.3M	—
Aevo XAU-PERPshort	+0.0112%	1h	4,313.3	−0.029%	$160K	$87	10x
Binance XAUUSDT	+0.0118%	4h	4,314.2	−0.007%	$437.8M	$2.21B	100x	as long as short
MEXC XAU_USDT	+0.0118%	4h	4,314.4	−0.004%	$358.2M	$333.9M	1000x	as long as short
edgeX XAUUSDC	+0.0124%	4h	4,311.6	−0.067%	$30.0M	$61.7M	50x	as long as short
RISEx XAU/USDC	+0.0126%	1h	4,313.8	−0.017%	$4.4M	$13.1M	25x	as long as short
StandX XAU-USD	+0.0151%	1h	4,313.9	−0.015%	$3.8M	$4.5M	40x	as long as short
Gate XAU_USDT	+0.0162%	4h	4,316.1	+0.036%	$295.0M	$422.3M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0168%	1h	4,312.7	−0.042%	$134K	$878K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0178%	4h	4,314.5	−0.001%	$1.4M	$3.1M	25x	as long as short
Bitget XAUUSDT	+0.0196%	4h	4,314.1	−0.011%	$70.4M	$123.9M	100x	as long as short
Phemex XAUUSDT	+0.0197%	4h	4,317.2	+0.062%	$2.2M	$951K	100x	as long as short
Bullet GOLD-USD	+0.0211%	1h	4,314.5	−0.002%	$58K	$81K	10x	as long as short
OKX XAU-USDT-SWAP	+0.0253%	8h	4,315	+0.011%	$170.3M	$327.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0328%	1h	4,311.3	−0.076%	$573K	$138K	25x	as long as short
BloFin XAU-USDT	+0.0398%	4h	4,314	−0.012%	$16.4M	$5.0M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0467% / S −0.0314%	1h	4,313.8	−0.017%	$255K	—	111x	as long as short
HTX XAU-USDT	+0.1261%	4h	4,321.7	+0.166%	$3.2M	$6.2M	75x	as long as short