Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0551%/8h= +60.4% APRpaid last 24h −0.004%

Price spread now: RISEx against Variational Omni−0.005%7-day average +0.005% · you buy dearer than you sell

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

Long on Variational Omni Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.028%+$3 on $10k

Price spread, last 7 days+0.019%+$2 · spread now −0.005%, 7d avg +0.005%

Together, before fees+0.047%+ Points / potential airdropVariational Omni: Active · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: +$17 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.028% in total (about 2.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XAU	4,327	0.0091	pay 0.0046% / 4h	36m 04s	$47.2M	$29.3M	—
Short	RISEx XAU/USDC	4,326.7	0.0643	get 0.0080% / 1h	36m 04s	$4.6M	$13.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.005%Rate

Funding earned: $115.81
Price spread: −0.005% → +0.005%: −$1
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: $108.82
Costs to cover: 0.060%
Break-even: 0.4 days

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; RISEx: live order book, 3 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, 3 min ago	1.54 bp	doesn't fit	1.5 bp −$15	2.9 bp −$290	doesn't fit
Sell RISEx live order book, 3 min ago	0.07 bp	3.5 bp −$4	4.0 bp −$40	36.7 bp −$3,673	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	−0.0150%	1h	4,320.5	−0.149%	$25K	$1K	20x	as long as short
Hotstuff GOLD-PERP	0.0000%	1h	4,322.7	−0.099%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,331.2	+0.097%	$92K	$7.3M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,322.7	−0.099%	$270K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.542%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,327.8	+0.019%	$3.8M	$4.5M	40x	as long as short
Bybit XAUUSDT	+0.0044%	4h	4,326.8	−0.005%	$77.6M	$153.1M	150x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,324.6	−0.055%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,359.5	+0.752%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,322	−0.115%	$291.7M	$51.5M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,322.4	−0.107%	$15.0M	$55.7M	25x	as long as short
Aster XAUUSD1	+0.0057%	4h	4,327	+0.001%	$72.9M	$272.1M	20x	as long as short
Lighter XAU	+0.0064%	1h	4,324.7	−0.053%	$20.4M	$29.1M	25x	as long as short
Paradex XAU-USD-PERP	+0.0066%	8h	4,325.7	−0.029%	$2K	$14K	5x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,322.9	−0.094%	$2.1M	$4.8M	25x	as long as short
Variational Omni XAUlong	+0.0091%	4h	4,327	long leg	$47.2M	$29.3M	—
Kalshi KXGOLDPERP	+0.0091%	24h	4,327.9	+0.021%	$3.8M	$44.5M	15x	as long as short
Phoenix GOLD	+0.0096%	1h	4,323.8	−0.074%	$47K	$79K	25x	as long as short
MEXC XAU_USDT	+0.0098%	4h	4,325.7	−0.029%	$363.6M	$327.1M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0098%	4h	4,326.6	−0.009%	$1.4M	$3.1M	25x	as long as short
Binance XAUUSDT	+0.0099%	4h	4,325.6	−0.033%	$425.1M	$2.13B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,322.9	−0.095%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,324.3	−0.063%	$272K	$208K	50x	as long as short
Gate XAU_USDT	+0.0104%	4h	4,328.1	+0.026%	$284.4M	$415.0M	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,325.9	−0.025%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0113%	4h	4,323.5	−0.081%	$30.1M	$59.5M	50x	as long as short
Lighter RH XAU	+0.0120%	1h	4,327.3	+0.006%	$20.0M	$39.0M	25x	as long as short
Extended XAU-USD	+0.0136%	1h	4,322.8	−0.098%	$13.2M	$36.7M	25x	as long as short
Bitget XAUUSDT	+0.0194%	4h	4,325.2	−0.041%	$70.2M	$118.6M	100x	as long as short
Bullet GOLD-USD	+0.0204%	1h	4,326.8	−0.004%	$58K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0218%	1h	4,327	0.000%	$4.3M	$2.0M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0228%	1h	4,323.5	−0.080%	$578K	$135K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0236%	1h	4,324.9	−0.048%	$163K	$870K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0277%	8h	4,326.4	−0.013%	$173.8M	$299.4M	100x	as long as short
BloFin XAU-USDT	+0.0339%	4h	4,326.7	−0.007%	$16.4M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0359%	4h	4,328.5	+0.035%	$2.2M	$974K	100x	as long as short
HTX XAU-USDT	+0.0405%	4h	4,331.9	+0.113%	$3.2M	$5.9M	75x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,326.7	−0.007%	$253K	—	111x	as long as short
RISEx XAU/USDCshort	+0.0643%	1h	4,326.7	−0.005%	$4.6M	$13.3M	25x