Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0029%/8h= +3.1% APRpaid last 24h +0.027%

Price spread now: Variational Omni against Pacifica+0.071%7-day average +0.094% · you sell dearer than you buy

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

Long on Pacifica Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.030%+$3 on $10k

Price spread, last 7 days+0.048%+$5 · spread now +0.071%, 7d avg +0.094%

Together, before fees+0.078%+ Points / potential airdropPacifica: Active · Variational Omni: Active · farm board+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.024% cheaper against Pacifica than usual: you would sell low and buy high (spread +0.071% now, against its 7-day average of +0.094%). If the spread goes back, that is −$2 on $10k: about 2.7 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XAU	4,342.1	0.0100	pay 0.0013% / 1h	31m 17s	$1.4M	$1.2M	10x
Short	Variational Omni XAU	4,345.2	0.0129	get 0.0064% / 4h	3h 31m	$47.9M	$35.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Pacifica. 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 PacificabpFee Variational OmnibpOrdersPrice spread, now +0.071%Rate

Funding earned: $6.01
Price spread: +0.071% → +0.094%: −$2.36
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$4.35
Costs to cover: 0.080%
Break-even: 12.1 days

Slippage unknown: Pacifica: live order book, 3 min ago; Variational Omni: RFQ quote, 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 Pacifica live order book, 3 min ago	0.12 bp	4.8 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	1.54 bp	doesn't fit	1.5 bp −$15	2.9 bp −$290	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	−0.0008%	1h	4,339.1	−0.070%	$26K	$21K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,349.1	+0.160%	$92K	$10.9M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,341.4	−0.016%	$266K	—	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.192%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0038%	24h	4,342.8	+0.016%	$4.0M	$34.2M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,344.9	+0.064%	$3.8M	$4.6M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,345	+0.067%	$5.5M	$1.8M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,379.3	+0.857%	—	$995K	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,342	−0.002%	$292.9M	$51.6M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,341.7	−0.010%	$14.8M	$51.8M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff GOLD-PERP	+0.0056%	1h	4,341.8	−0.007%	$33K	—	25x	as long as short
Paradex XAU-USD-PERP	+0.0069%	8h	4,345.1	+0.069%	$19K	$6K	5x	as long as short
Lighter XAU	+0.0072%	1h	4,344.4	+0.052%	$20.7M	$46.2M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,341.4	−0.016%	$2.0M	$5.2M	25x	as long as short
Aster XAUUSD1	+0.0077%	4h	4,344.7	+0.059%	$70.2M	$239.7M	20x	as long as short
Pacifica XAUlong	+0.0100%	1h	4,342.1	long leg	$1.4M	$1.2M	10x
ApeX Omni XAUUSDT	+0.0100%	1h	4,341.7	−0.009%	$272K	$203K	50x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,345	+0.066%	$161K	$87	10x	as long as short
Variational Omni XAUshort	+0.0129%	4h	4,345.2	+0.071%	$47.9M	$35.1M	—
Extended XAU-USD	+0.0136%	1h	4,341.3	−0.017%	$13.1M	$51.9M	25x	as long as short
MEXC XAU_USDT	+0.0136%	4h	4,344.8	+0.063%	$374.2M	$337.5M	1000x	as long as short
Phoenix GOLD	+0.0136%	1h	4,342.1	0.000%	$43K	$64K	25x	as long as short
Binance XAUUSDT	+0.0138%	4h	4,344.7	+0.059%	$411.8M	$2.08B	100x	as long as short
RISEx XAU/USDC	+0.0138%	1h	4,345	+0.066%	$3.5M	$12.4M	25x	as long as short
Bullet GOLD-USD	+0.0140%	1h	4,344.8	+0.062%	$59K	$83K	10x	as long as short
Lighter RH XAU	+0.0144%	1h	4,347	+0.112%	$20.3M	$45.0M	25x	as long as short
Gate XAU_USDT	+0.0144%	4h	4,346.7	+0.107%	$271.9M	$409.9M	100x	as long as short
edgeX XAUUSDC	+0.0151%	4h	4,341.7	−0.010%	$30.2M	$57.3M	50x	as long as short
GRVT XAU_USDT_Perp	+0.0156%	4h	4,344.6	+0.058%	$1.4M	$3.4M	25x	as long as short
Bybit XAUUSDT	+0.0173%	4h	4,346	+0.089%	$83.3M	$141.7M	150x	as long as short
Polymarket Perps GOLD-USD	+0.0180%	1h	4,345.3	+0.074%	$4.4M	$2.3M	20x	as long as short
Bitget XAUUSDT	+0.0254%	4h	4,344.8	+0.061%	$68.6M	$110.3M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0280%	1h	4,344.5	+0.055%	$221K	$949K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0310%	8h	4,345	+0.067%	$157.6M	$270.6M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0312%	1h	4,341.9	−0.004%	$587K	$114K	25x	as long as short
HTX XAU-USDT	+0.0337%	4h	4,348	+0.135%	$2.8M	$3.7M	75x	as long as short
BloFin XAU-USDT	+0.0388%	4h	4,344.9	+0.064%	$14.9M	$4.2M	100x	as long as short
Phemex XAUUSDT	+0.0424%	4h	4,347.5	+0.124%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0468% / S −0.0311%	1h	4,344.8	+0.062%	$251K	—	111x	as long as short