Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.030%

Price spread now: Bitget against Variational Omni+0.072%7-day average +0.010% · you sell dearer than you buy

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

Long on Variational Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.036%+$4 on $10k

Price spread, last 7 days−0.063%−$6 · spread now +0.072%, 7d avg +0.010%

Together, before fees−0.026%+ Points / potential airdropVariational Omni: Active · farm board−$3 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: Bitget is 0.062% dearer against Variational Omni than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XAU	4,369.4	0	get 0.0000% / 4h	2m 04s	$48.6M	$28.4M	—
Short	Bitget XAUUSDT	4,372.6	0	get 0.0000% / 4h	2m 04s	$69.7M	$113.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Variational Omni. 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 Variational OmnibpFee BitgetbpOrdersPrice spread, now +0.072%Rate

Funding earned: $0
Price spread: +0.072% → +0.010%: $6.2
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$5.8
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Bitget: live order book, 7 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	2.2 bp −$22	5.0 bp −$495	doesn't fit
Sell Bitget live order book, 7 min ago	0.01 bp	6.0 bp −$6	7.0 bp −$70	10.5 bp −$1,046	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	−0.0265%	1h	4,363.4	−0.138%	$26K	$22K	20x	as long as short
Phoenix GOLD	−0.0004%	1h	4,367.7	−0.039%	$48K	$65K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,371.6	+0.050%	$71.9M	$223.5M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,371.9	+0.058%	$411.2M	$2.14B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,373	+0.082%	$82.7M	$142.6M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,370.8	+0.031%	$3.4M	$12.3M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,371.2	+0.041%	$268.1M	$420.5M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,370.4	+0.022%	$376.1M	$325.4M	1000x	as long as short
Bitget XAUUSDTshort	0.0000%	4h	4,372.6	+0.072%	$69.7M	$113.5M	100x
Variational Omni XAUlong	0.0000%	4h	4,369.4	long leg	$48.6M	$28.4M	—

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XAU_USDT_Perp	0.0000%	4h	4,369.3	−0.002%	$1.4M	$3.2M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,367.4	−0.046%	$4.0M	$36.4M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,374.4	+0.113%	$93K	$10.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,366.7	−0.062%	$268K	—	250x	as long as short
edgeX XAUUSDC	+0.0018%	4h	4,362.7	−0.154%	$30.3M	$59.5M	50x	as long as short
Hotstuff GOLD-PERP	+0.0024%	1h	4,367.4	−0.046%	$33K	—	25x	as long as short
QFEX GOLD-USD	+0.0032%	1h	4,370.4	+0.022%	$5.6M	$1.9M	20x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.435%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,371.5	+0.047%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,405.7	+0.830%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,369.6	+0.004%	$20.7M	$45.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,367.3	−0.049%	$294.4M	$52.9M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,366.1	−0.075%	$14.7M	$57.0M	25x	as long as short
Lighter RH XAU	+0.0056%	1h	4,371.5	+0.048%	$20.2M	$42.5M	25x	as long as short
Paradex XAU-USD-PERP	+0.0061%	8h	4,371	+0.035%	$19K	$5K	5x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,370	+0.014%	$162K	$87	10x	as long as short
Extended XAU-USD	+0.0096%	1h	4,366.9	−0.057%	$13.2M	$44.6M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,367.3	−0.049%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,367.8	−0.037%	$277K	$204K	50x	as long as short
Polymarket Perps GOLD-USD	+0.0112%	1h	4,370.3	+0.020%	$4.3M	$1.8M	20x	as long as short
Bullet GOLD-USD	+0.0127%	1h	4,370.7	+0.030%	$59K	$82K	10x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0152%	1h	4,366.7	−0.062%	$2.0M	$5.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0163%	8h	4,372.6	+0.073%	$158.7M	$273.8M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0208%	1h	4,369.1	−0.007%	$235K	$717K	25x	as long as short
HTX XAU-USDT	+0.0211%	4h	4,374.5	+0.116%	$2.9M	$3.8M	75x	as long as short
Kraken Futures PF_XAUUSD	+0.0219%	1h	4,367.7	−0.040%	$602K	$146K	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,370.6	+0.027%	$14.8M	$4.5M	100x	as long as short
Phemex XAUUSDT	+0.0336%	4h	4,373.6	+0.094%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,370.4	+0.022%	$252K	—	111x	as long as short