Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h +0.027%

Price spread now: Variational Omni against Vest−0.760%7-day average −0.881% · you buy dearer than you sell

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

Long on Vest Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.015%+$1 on $10k

Price spread, last 3 days (all we have)−0.028%−$3 · spread now −0.760%, 7d avg −0.881%

Together, before fees−0.013%+ Points / potential airdropVest: Active · Variational Omni: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.122% dearer against Vest than usual: you sell high and buy low (spread −0.760% now, against its 7-day average of −0.881%): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest GC-PERP	4,395.9	0.0046	pay 0.0006% / 1h	27m 41s	—	$1.0M	25x
Short	Variational Omni XAU	4,362.5	0	get 0.0000% / 4h	3h 27m	$48.0M	$28.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Vest. 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 VestbpFee Variational OmnibpOrdersPrice spread, now −0.760%Rate

Funding earned: −$9.59
Price spread: −0.760% → −0.881%: $12.17
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $0.58
Costs to cover: 0.020%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Variational Omni: RFQ quote, 2 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 Vest no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 2 min ago	1.55 bp	doesn't fit	1.5 bp −$15	3.5 bp −$352	doesn't fit

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Aster XAUUSD1	0.0000%	4h	4,362.4	−0.762%	$71.1M	$200.3M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,363.1	−0.745%	$265.5M	$415.4M	100x	as long as short
Variational Omni XAUshort	0.0000%	4h	4,362.5	−0.760%	$48.0M	$28.0M	—
Kalshi KXGOLDPERP	0.0000%	24h	4,358.5	−0.851%	$4.0M	$36.6M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,366.5	−0.669%	$93K	$10.2M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,357.9	−0.865%	$267K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0008%	1h	4,359.7	−0.823%	$33K	—	25x	as long as short
MEXC XAU_USDT	+0.0014%	4h	4,362.4	−0.761%	$373.3M	$327.2M	1000x	as long as short
edgeX XAUUSDC	+0.0017%	4h	4,356.7	−0.892%	$30.3M	$60.6M	50x	as long as short
Binance XAUUSDT	+0.0018%	4h	4,362.4	−0.762%	$411.9M	$2.15B	100x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−1.035%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,363	−0.748%	$3.8M	$4.7M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,361.7	−0.778%	$5.6M	$1.9M	20x	as long as short
Vest GC-PERPlong	+0.0046%	1h	4,395.9	long leg	—	$1.0M	25x
RISEx XAU/USDC	+0.0048%	1h	4,362.4	−0.762%	$3.4M	$12.3M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,359.5	−0.828%	$294.0M	$52.6M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,357.3	−0.879%	$14.7M	$57.2M	25x	as long as short
Bitget XAUUSDT	+0.0052%	4h	4,362.6	−0.757%	$69.6M	$113.2M	100x	as long as short
Phoenix GOLD	+0.0055%	1h	4,360.2	−0.812%	$48K	$64K	25x	as long as short
BloFin XAU-USDT	+0.0057%	4h	4,363.5	−0.738%	$15.5M	$4.5M	100x	as long as short
Lighter XAU	+0.0072%	1h	4,361.2	−0.791%	$20.6M	$44.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0080%	8h	4,362	−0.771%	$19K	$5K	5x	as long as short
Aevo XAU-PERP	+0.0088%	1h	4,360.9	−0.796%	$161K	$87	10x	as long as short
Lighter RH XAU	+0.0096%	1h	4,363.9	−0.729%	$20.2M	$41.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,359.9	−0.819%	$2.0M	$5.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,358.4	−0.853%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,360.8	−0.799%	$275K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,354.6	−0.939%	$26K	$22K	20x	as long as short
Extended XAU-USD	+0.0112%	1h	4,358.3	−0.855%	$13.5M	$43.9M	25x	as long as short
Bybit XAUUSDT	+0.0116%	4h	4,363.3	−0.741%	$83.1M	$143.8M	150x	as long as short
Polymarket Perps GOLD-USD	+0.0128%	1h	4,361.2	−0.789%	$4.3M	$1.8M	20x	as long as short
GRVT XAU_USDT_Perp	+0.0152%	4h	4,362.7	−0.754%	$1.4M	$3.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0196%	8h	4,363.7	−0.733%	$165.5M	$286.2M	100x	as long as short
Bullet GOLD-USD	+0.0214%	1h	4,362.1	−0.769%	$59K	$81K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,358.9	−0.842%	$594K	$151K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0232%	1h	4,360.8	−0.798%	$235K	$656K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,361.9	−0.773%	$252K	—	111x	as long as short
Phemex XAUUSDT	+0.0529%	4h	4,365.2	−0.699%	$2.2M	$1.1M	100x	as long as short
HTX XAU-USDT	+0.0605%	4h	4,365.7	−0.686%	$2.9M	$3.9M	75x	as long as short