Settings8H · net · $10k
Funding arb · Price arb /

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h +0.011%
Price spread now: Variational Omni against ApeX Omni−0.063%7-day average +0.033% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.043%−$4 on $10k
Price spread, last 4 days (all we have)+0.134%+$13 · spread now −0.063%, 7d avg +0.033%
Together, before fees+0.091%+ Points / potential airdropVariational Omni: Active · farm board+$9 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: Variational Omni is 0.096% cheaper against ApeX Omni than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.033%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni XAUUSDT4,350.60.0100pay 0.0013% / 1h48m 39s$275K$203K50x
ShortVariational Omni XAU4,347.90.0102get 0.0051% / 4h1h 48m$48.3M$27.9M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against ApeX 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

Funding earned
$0.4
Price spread: −0.063% → +0.033%
−$9.64
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$19.25
Costs to cover
0.100%
Break-even
347.3 days
Slippage unknown: ApeX Omni: live order book, 14 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 14 min ago4.79 bp16.0 bp −$1624.9 bp −$24934.3 bp −$3,426doesn't fit
Sell Variational Omni RFQ quote, 1 min ago1.55 bpdoesn't fit1.6 bp −$161.8 bp −$183doesn't fit

XAU on 38 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin GOLD-PERP−0.0050%1h4,342.1−0.197%$25K$14K20xas long as short
Hotstuff GOLD-PERP−0.0032%1h4,344.6−0.139%$33K25xas long as short
Gate XAU_USDT0.0000%4h4,348.5−0.049%$264.3M$406.3M100xas long as short
SunX XAU-USDT0.0000%4h4,351.5+0.019%$92K$9.4M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,342.5−0.186%$269K250xas long as short
RISEx XAU/USDC+0.0010%1h4,347.5−0.071%$3.4M$12.4M25xas long as short
Extended XAU-USD+0.0032%1h4,342.8−0.180%$13.6M$40.2M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.005%$619$5452xas long as short
Kalshi KXGOLDPERP+0.0037%24h4,345.3−0.123%$4.1M$36.2M15xas long as short
StandX XAU-USD+0.0040%1h4,349.3−0.031%$3.8M$4.6M40xas long as short
Show all 38 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest GC-PERP+0.0046%1h4,380.2+0.680%$1.0M25xas long as short
QFEX GOLD-USD+0.0046%1h4,346.7−0.090%$5.6M$1.9M20xas long as short
Coinbase International GOLD-PERP-INTX+0.0048%1h4,346.7−0.090%$2.0M$4.9M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,344.6−0.139%$293.2M$48.7M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,343.8−0.157%$15.1M$57.8M25xas long as short
Aster XAUUSD1+0.0053%4h4,348.3−0.053%$70.0M$331.1M20xas long as short
Lighter XAU+0.0056%1h4,345.6−0.116%$20.6M$41.9M25xas long as short
Lighter RH XAU+0.0080%1h4,348.2−0.056%$20.1M$39.3M25xas long as short
Paradex XAU-USD-PERP+0.0085%8h4,347−0.083%$19K$5K5xas long as short
Pacifica XAU+0.0100%1h4,343.8−0.157%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDTlong+0.0100%1h4,350.6long leg$275K$203K50x
Variational Omni XAUshort+0.0102%4h4,347.9−0.063%$48.3M$27.9M
Binance XAUUSDT+0.0104%4h4,347.3−0.076%$410.1M$2.10B100xas long as short
MEXC XAU_USDT+0.0108%4h4,347.5−0.073%$371.4M$316.4M1000xas long as short
Polymarket Perps GOLD-USD+0.0109%1h4,345.9−0.109%$4.3M$1.9M20xas long as short
Aevo XAU-PERP+0.0112%1h4,346.9−0.087%$161K$8710xas long as short
GRVT XAU_USDT_Perp+0.0118%4h4,349.4−0.027%$1.4M$3.0M25xas long as short
edgeX XAUUSDC+0.0136%4h4,348.4−0.051%$30.3M$58.7M50xas long as short
Phoenix GOLD+0.0136%1h4,347.8−0.065%$47K$77K25xas long as short
Bullet GOLD-USD+0.0201%1h4,347−0.084%$58K$83K10xas long as short
Bybit XAUUSDT+0.0202%4h4,348.6−0.046%$84.3M$145.2M150xas long as short
Bitget XAUUSDT+0.0210%4h4,347−0.083%$69.6M$109.2M100xas long as short
OKX XAU-USDT-SWAP+0.0249%8h4,348.5−0.049%$164.4M$282.1M100xas long as short
Kraken Futures PF_XAUUSD+0.0270%1h4,344−0.152%$593K$133K25xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0280%1h4,345.1−0.127%$259K$703K25xas long as short
Phemex XAUUSDT+0.0353%4h4,349.8−0.019%$2.2M$1.1M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0399% / S −0.0208%1h4,347−0.084%$251K111xas long as short
HTX XAU-USDT+0.0593%4h4,353.1+0.056%$2.8M$4.2M75xas long as short