Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0029%/8h= −3.2% APRpaid last 24h −0.013%

Price spread now: StandX against Variational Omni+0.095%7-day average +0.020% · you sell dearer than you buy

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

Long on Variational Omni Short on StandX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.004%$0 on $10k

Price spread, last 7 days−0.062%−$6 · spread now +0.095%, 7d avg +0.020%

Together, before fees−0.066%+ Points / potential airdropVariational Omni: Active · StandX: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. StandX is 0.076% dearer against Variational Omni than usual: you sell high and buy low (spread +0.095% now, against its 7-day average of +0.020%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.7 days. At the pace of the last 4 days (−0.004% in total) that is about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XAU	4,329.8	0.0069	pay 0.0035% / 4h	1h 08m	$47.2M	$28.4M	—
Short	StandX XAU-USD	4,333.9	0.0040	get 0.0005% / 1h	8m 42s	$3.8M	$4.5M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.095%Rate

Funding earned: −$6.1
Price spread: +0.095% → +0.020%: $7.58
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee StandX: 4 bp × 2 orders: −$8
Net: −$6.52
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; StandX: 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, 4 min ago	1.53 bp	doesn't fit	1.7 bp −$17	3.8 bp −$378	doesn't fit
Sell StandX live order book, 3 min ago	2.77 bp	7.9 bp −$8	8.2 bp −$82	10.2 bp −$1,019	11.6 bp −$5,806

XAU on 39 exchanges

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	−3.2000%	1h	4,328.4	−0.032%	$35K	$2K	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,336.2	+0.148%	$92K	$5.7M	20x	as long as short
Coinbase International GOLD-PERP-INTX	0.0000%	1h	4,328.6	−0.027%	$2.1M	$5.0M	25x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,327.6	−0.051%	$304K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.477%	$619	$54	52x	as long as short
StandX XAU-USDshort	+0.0040%	1h	4,333.9	+0.095%	$3.8M	$4.5M	40x
QFEX GOLD-USD	+0.0041%	1h	4,331.1	+0.031%	$6.7M	$3.2M	20x	as long as short
Aster XAUUSD1	+0.0043%	4h	4,334.3	+0.105%	$71.8M	$276.5M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,365.1	+0.816%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,329.5	−0.006%	$292.6M	$51.6M	25x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,327.6	−0.051%	$15.2M	$59.8M	25x	as long as short
Paradex XAU-USD-PERP	+0.0056%	8h	4,330.9	+0.027%	$2K	$13K	5x	as long as short
Bluefin GOLD-PERP	+0.0058%	1h	4,326	−0.088%	$25K	$1K	20x	as long as short
Variational Omni XAUlong	+0.0069%	4h	4,329.8	long leg	$47.2M	$28.4M	—
Gate XAU_USDT	+0.0078%	4h	4,333.9	+0.095%	$299.9M	$451.3M	100x	as long as short
Lighter XAU	+0.0080%	1h	4,331.5	+0.039%	$20.1M	$30.6M	25x	as long as short
MEXC XAU_USDT	+0.0084%	4h	4,332.1	+0.054%	$368.1M	$357.8M	1000x	as long as short
Binance XAUUSDT	+0.0085%	4h	4,332.6	+0.065%	$442.1M	$2.43B	100x	as long as short
edgeX XAUUSDC	+0.0085%	4h	4,330.4	+0.014%	$30.3M	$66.4M	50x	as long as short
GRVT XAU_USDT_Perp	+0.0092%	4h	4,331.1	+0.031%	$1.4M	$3.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,327.7	−0.048%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,329.3	−0.012%	$287K	$227K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,331.2	+0.034%	$160K	$87	10x	as long as short
Lighter RH XAU	+0.0120%	1h	4,334.4	+0.107%	$19.6M	$40.4M	25x	as long as short
Phoenix GOLD	+0.0127%	1h	4,331.5	+0.040%	$43K	$71K	25x	as long as short
Kalshi KXGOLDPERP	+0.0143%	24h	4,332.2	+0.056%	$3.5M	$51.5M	15x	as long as short
Bybit XAUUSDT	+0.0154%	4h	4,333.6	+0.089%	$83.0M	$167.4M	150x	as long as short
Polymarket Perps GOLD-USD	+0.0156%	1h	4,332.2	+0.056%	$4.3M	$1.7M	20x	as long as short
Bullet GOLD-USD	+0.0178%	1h	4,332.1	+0.054%	$59K	$77K	10x	as long as short
Phemex XAUUSDT	+0.0181%	4h	4,334.3	+0.104%	$2.3M	$777K	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0189%	1h	4,330.1	+0.008%	$135K	$662K	25x	as long as short
Extended XAU-USD	+0.0200%	1h	4,328.1	−0.038%	$12.5M	$34.3M	25x	as long as short
Bitget XAUUSDT	+0.0200%	4h	4,332.4	+0.060%	$72.6M	$139.8M	100x	as long as short
RISEx XAU/USDC	+0.0205%	1h	4,332.4	+0.061%	$4.7M	$13.3M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0231%	8h	4,332.6	+0.065%	$171.1M	$362.1M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0253%	1h	4,329.1	−0.015%	$583K	$166K	25x	as long as short
BloFin XAU-USDT	+0.0325%	4h	4,332.8	+0.070%	$16.4M	$5.3M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0461% / S −0.0308%	1h	4,332.1	+0.053%	$253K	—	111x	as long as short
HTX XAU-USDT	+0.1039%	4h	4,339.2	+0.218%	$3.2M	$7.1M	75x	as long as short