Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.046%

Price spread now: SunX against Variational Omni+0.079%45s7-day average +0.107% · you sell dearer than you buy

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

Long on Variational Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.059%−$6 on $10k

Price spread, last 3 days (all we have)+0.051%+$5 · spread now +0.079%, 7d avg +0.107%

Together, before fees−0.008%+ Points / potential airdropVariational Omni: Active · farm board−$1 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: SunX is 0.028% cheaper against Variational Omni than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.107%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XAU	4,377.8	0	get 0.0000% / 4h	3h 54m	$48.7M	$28.0M	—
Short	SunX XAU-USDT	4,381.3	0	get 0.0000% / 4h	3h 54m	$93K	$10.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.079%Rate

Funding earned: $0
Price spread: +0.079% → +0.107%: −$2.79
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$10.79
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; SunX: live order book, 5 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, 5 min ago	1.54 bp	doesn't fit	1.5 bp −$15	3.6 bp −$360	doesn't fit
Sell SunX live order book, 5 min ago	23.72 bp	29.7 bp −$30	47.2 bp −$472	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	−0.0032%	1h	4,374.2	−0.082%	$33K	—	25x	as long as short
Phoenix GOLD	−0.0004%	1h	4,373.4	−0.100%	$48K	$64K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,376.1	−0.038%	$72.0M	$215.1M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,375.9	−0.044%	$410.4M	$2.15B	100x	as long as short
Gate XAU_USDT	0.0000%	4h	4,376.8	−0.023%	$266.8M	$407.1M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,375.6	−0.051%	$374.0M	$320.3M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,375.6	−0.050%	$69.7M	$114.5M	100x	as long as short
Variational Omni XAUlong	0.0000%	4h	4,377.8	long leg	$48.7M	$28.0M	—
Kalshi KXGOLDPERP	0.0000%	24h	4,373.7	−0.093%	$4.0M	$36.6M	15x	as long as short
SunX XAU-USDTshort	0.0000%	4h	4,381.3	+0.079%	$93K	$10.4M	20x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,371.9	−0.136%	$268K	—	250x	as long as short
edgeX XAUUSDC	+0.0009%	4h	4,367.4	−0.237%	$30.4M	$59.6M	50x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.625%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,376	−0.041%	$3.8M	$4.7M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,375.5	−0.052%	$5.6M	$1.9M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,410.4	+0.745%	—	$1.0M	25x	as long as short
RISEx XAU/USDC	+0.0048%	1h	4,376.3	−0.035%	$3.4M	$12.3M	25x	as long as short
Bybit XAUUSDT	+0.0048%	4h	4,376.1	−0.040%	$83.1M	$144.3M	150x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,372.1	−0.130%	$294.8M	$52.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,371.8	−0.138%	$14.7M	$57.1M	25x	as long as short
Lighter RH XAU	+0.0056%	1h	4,377.8	−0.001%	$20.2M	$40.8M	25x	as long as short
Paradex XAU-USD-PERP	+0.0065%	8h	4,376.3	−0.035%	$19K	$5K	5x	as long as short
Lighter XAU	+0.0072%	1h	4,374.5	−0.075%	$20.7M	$43.2M	25x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,372.7	−0.117%	$162K	$87	10x	as long as short
Extended XAU-USD	+0.0096%	1h	4,372.2	−0.127%	$13.2M	$44.3M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,372.3	−0.125%	$2.0M	$5.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,372.6	−0.118%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,375.3	−0.056%	$278K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,372.6	−0.119%	$26K	$22K	20x	as long as short
Polymarket Perps GOLD-USD	+0.0102%	1h	4,374.8	−0.068%	$4.3M	$1.8M	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0116%	1h	4,374.7	−0.070%	$236K	$655K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0165%	8h	4,376.7	−0.025%	$160.9M	$280.5M	100x	as long as short
Bullet GOLD-USD	+0.0191%	1h	4,375.7	−0.048%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0224%	1h	4,373.8	−0.091%	$596K	$154K	25x	as long as short
Phemex XAUUSDT	+0.0237%	4h	4,377.9	+0.004%	$2.2M	$1.1M	100x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,377	−0.018%	$14.8M	$4.6M	100x	as long as short
GRVT XAU_USDT_Perp	+0.0244%	4h	4,378.5	+0.016%	$1.4M	$3.1M	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0390% / S −0.0197%	1h	4,377	−0.018%	$253K	—	111x	as long as short
HTX XAU-USDT	+0.0590%	4h	4,380.8	+0.068%	$2.9M	$3.8M	75x	as long as short