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 −0.032%

Price spread now: GRVT against Variational Omni+0.011%104s7-day average +0.013% · you sell dearer than you buy

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

Long on Variational Omni Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.032%−$3 on $10k

Price spread, last 7 days+0.043%+$4 · spread now +0.011%, 7d avg +0.013%

Together, before fees+0.011%+ Points / potential airdropVariational Omni: Active · GRVT: Active · farm board+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XAU	4,366.4	0	get 0.0000% / 4h	47m 40s	$48.5M	$30.9M	—
Short	GRVT XAU_USDT_Perp	4,366.8	0	get 0.0000% / 4h	47m 40s	$1.4M	$3.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.011%Rate

Funding earned: $0
Price spread: +0.011% → +0.013%: −$0.22
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$9.22
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; GRVT: live order book, 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 Variational Omni RFQ quote, 2 min ago	1.55 bp	doesn't fit	1.5 bp −$15	4.5 bp −$450	doesn't fit
Sell GRVT live order book, 1 min ago	0.01 bp	4.5 bp −$5	4.8 bp −$48	7.1 bp −$705	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	−0.0368%	1h	4,361.2	−0.119%	$26K	$21K	20x	as long as short
Phoenix GOLD	−0.0004%	1h	4,364.9	−0.033%	$48K	$65K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,369.5	+0.071%	$71.7M	$228.6M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,368.2	+0.042%	$408.7M	$2.10B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,369.2	+0.066%	$82.9M	$141.3M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,367.8	+0.033%	$3.4M	$12.4M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,368.4	+0.046%	$268.4M	$406.4M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,368.3	+0.044%	$377.3M	$320.0M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,367.9	+0.036%	$67.0M	$111.0M	100x	as long as short
Variational Omni XAUlong	0.0000%	4h	4,366.4	long leg	$48.5M	$30.9M	—

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XAU_USDT_Perpshort	0.0000%	4h	4,366.8	+0.011%	$1.4M	$3.1M	25x
Kalshi KXGOLDPERP	0.0000%	24h	4,365.9	−0.011%	$4.0M	$35.2M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,372.2	+0.133%	$93K	$10.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,364.8	−0.037%	$268K	—	250x	as long as short
edgeX XAUUSDC	+0.0011%	4h	4,361.5	−0.112%	$30.3M	$58.2M	50x	as long as short
Bullet GOLD-USD	+0.0021%	1h	4,367.5	+0.025%	$60K	$81K	10x	as long as short
QFEX GOLD-USD	+0.0032%	1h	4,367.6	+0.028%	$5.6M	$1.7M	20x	as long as short
Lighter XAU	+0.0032%	1h	4,368.2	+0.042%	$20.9M	$44.3M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,370.1	+0.087%	$20.3M	$41.6M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,365.5	−0.020%	$13.0M	$46.5M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.365%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,366.4	+0.001%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,402.4	+0.825%	—	$1.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0048%	1h	4,365.6	−0.017%	$33K	—	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,365.8	−0.013%	$293.9M	$52.2M	25x	as long as short
Paradex XAU-USD-PERP	+0.0050%	8h	4,368.1	+0.039%	$19K	$6K	5x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,364.8	−0.035%	$14.5M	$56.1M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0075%	1h	4,367	+0.015%	$4.3M	$1.8M	20x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,367.1	+0.016%	$162K	$87	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0094%	1h	4,366.6	+0.006%	$235K	$735K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,365.8	−0.012%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,364.9	−0.033%	$277K	$204K	50x	as long as short
HTX XAU-USDT	+0.0129%	4h	4,371	+0.106%	$2.8M	$3.8M	75x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0152%	1h	4,364.9	−0.033%	$2.0M	$5.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0154%	8h	4,369	+0.060%	$158.0M	$271.2M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0220%	1h	4,365.3	−0.025%	$602K	$138K	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,367.6	+0.028%	$14.8M	$4.4M	100x	as long as short
Phemex XAUUSDT	+0.0291%	4h	4,370.3	+0.089%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0388% / S −0.0197%	1h	4,367.6	+0.029%	$252K	—	111x	as long as short