Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0047%/8h= −5.2% APRpaid last 24h −0.003%

Price spread now: RISEx against Variational Omni+0.076%7-day average +0.004% · you sell dearer than you buy

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

Long on Variational Omni Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.025%+$2 on $10k

Price spread, last 7 days−0.059%−$6 · spread now +0.076%, 7d avg +0.004%

Together, before fees−0.034%+ Points / potential airdropVariational Omni: Active · farm board−$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. RISEx is 0.071% dearer against Variational Omni than usual: you sell high and buy low (spread +0.076% now, against its 7-day average of +0.004%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XAU	4,331.5	0.0101	pay 0.0051% / 4h	2h 10m	$46.8M	$28.6M	—
Short	RISEx XAU/USDC	4,334.8	0.0054	get 0.0007% / 1h	10m 02s	$3.8M	$12.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.076%Rate

Funding earned: −$9.89
Price spread: +0.076% → +0.004%: $7.12
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$8.76
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; RISEx: live order book, 4 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	1.54 bp	doesn't fit	1.7 bp −$17	3.9 bp −$394	doesn't fit
Sell RISEx live order book, 4 min ago	1.34 bp	4.3 bp −$4	4.6 bp −$46	59.0 bp −$5,905	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	−0.0049%	1h	4,326.7	−0.111%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,337.6	+0.142%	$92K	$8.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,329.9	−0.038%	$271K	—	250x	as long as short
Bybit XAUUSDT	+0.0006%	4h	4,335.9	+0.103%	$78.4M	$156.7M	150x	as long as short
Extended XAU-USD	+0.0032%	1h	4,329.9	−0.037%	$13.1M	$36.8M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.437%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,333	+0.035%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,332.7	+0.028%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,365.6	+0.788%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,334.5	+0.069%	$20.4M	$31.8M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	4,331.4	−0.002%	$292.1M	$51.8M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,329.9	−0.035%	$15.0M	$56.5M	25x	as long as short
RISEx XAU/USDCshort	+0.0054%	1h	4,334.8	+0.076%	$3.8M	$12.5M	25x
Kalshi KXGOLDPERP	+0.0063%	24h	4,334.7	+0.074%	$4.0M	$42.2M	15x	as long as short
Gate XAU_USDT	+0.0068%	4h	4,336	+0.104%	$271.9M	$416.7M	100x	as long as short
Lighter RH XAU	+0.0072%	1h	4,336.3	+0.112%	$19.9M	$38.9M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,330.9	−0.013%	$2.0M	$4.8M	25x	as long as short
Paradex XAU-USD-PERP	+0.0072%	8h	4,333.3	+0.042%	$19K	$5K	5x	as long as short
Aster XAUUSD1	+0.0099%	4h	4,336.5	+0.115%	$72.3M	$330.7M	20x	as long as short
Pacifica XAU	+0.0100%	1h	4,329.6	−0.043%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,324.2	−0.169%	$272K	$208K	50x	as long as short
Variational Omni XAUlong	+0.0101%	4h	4,331.5	long leg	$46.8M	$28.6M	—
GRVT XAU_USDT_Perp	+0.0102%	4h	4,325.7	−0.134%	$1.4M	$3.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0104%	1h	4,329.6	−0.043%	$32K	—	25x	as long as short
MEXC XAU_USDT	+0.0110%	4h	4,334.9	+0.079%	$365.0M	$330.5M	1000x	as long as short
Binance XAUUSDT	+0.0112%	4h	4,335.1	+0.084%	$414.9M	$2.12B	100x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,333.8	+0.055%	$160K	$87	10x	as long as short
Phoenix GOLD	+0.0127%	1h	4,326.6	−0.113%	$47K	$77K	25x	as long as short
edgeX XAUUSDC	+0.0128%	4h	4,322.8	−0.200%	$30.1M	$60.2M	50x	as long as short
Bullet GOLD-USD	+0.0160%	1h	4,333.7	+0.051%	$58K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0177%	1h	4,333.6	+0.049%	$4.2M	$2.0M	20x	as long as short
HTX XAU-USDT	+0.0232%	4h	4,336.7	+0.121%	$2.8M	$5.0M	75x	as long as short
Kraken Futures PF_XAUUSD	+0.0247%	1h	4,331.5	0.000%	$590K	$130K	25x	as long as short
Bitget XAUUSDT	+0.0256%	4h	4,334.9	+0.079%	$68.1M	$118.9M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0258%	1h	4,334.2	+0.063%	$195K	$826K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0332%	8h	4,335.1	+0.084%	$170.8M	$297.0M	100x	as long as short
BloFin XAU-USDT	+0.0359%	4h	4,333.3	+0.043%	$16.0M	$4.5M	100x	as long as short
Phemex XAUUSDT	+0.0387%	4h	4,335.2	+0.087%	$2.2M	$962K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0460% / S −0.0302%	1h	4,334	+0.058%	$253K	—	111x	as long as short