Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.019%

Price spread now: Vest against Variational Omni+0.548%7-day average +0.827% · you sell dearer than you buy

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

Long on Variational Omni Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.015%−$1 on $10k

Price spread, last 7 days+0.294%+$29 · spread now +0.548%, 7d avg +0.827%

Together, before fees+0.279%+ Points / potential airdropVariational Omni: Active · Vest: Active · farm board+$28 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Vest is 0.279% cheaper against Variational Omni than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of +0.827%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XAU	4,316.5	0.0100	pay 0.0050% / 4h	7m 11s	$47.1M	$29.0M	—
Short	Vest GC-PERP	4,340.1	0.0046	get 0.0006% / 1h	7m 11s	—	$1.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 VestbpOrdersPrice spread, now +0.548%Rate

Funding earned: −$11.32
Price spread: +0.548% → +0.827%: −$27.94
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Vest: 1 bp × 2 orders: −$2
Net: −$41.26
Costs to cover: 0.020%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Vest: no order-book sample. 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, 2 min ago	1.54 bp	doesn't fit	1.7 bp −$17	3.5 bp −$353	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

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
SunX XAU-USDT	0.0000%	4h	4,312.3	−0.096%	$92K	$7.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,304	−0.290%	$268K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.787%	$619	$54	52x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,307.1	−0.217%	$5.7M	$2.7M	20x	as long as short
Vest GC-PERPshort	+0.0046%	1h	4,340.1	+0.548%	—	$1.0M	25x
tradeXYZ xyz:GOLD	+0.0050%	1h	4,304.1	−0.286%	$290.0M	$52.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,303.7	−0.296%	$15.0M	$55.3M	25x	as long as short
Aster XAUUSD1	+0.0057%	4h	4,309.3	−0.167%	$72.9M	$271.9M	20x	as long as short
Paradex XAU-USD-PERP	+0.0063%	8h	4,306.9	−0.222%	$2K	$14K	5x	as long as short
Bluefin GOLD-PERP	+0.0068%	1h	4,303.1	−0.309%	$25K	$1K	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit XAUUSDT	+0.0071%	4h	4,308.7	−0.180%	$77.5M	$155.3M	150x	as long as short
Lighter XAU	+0.0072%	1h	4,307.4	−0.210%	$20.2M	$30.2M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,304.3	−0.282%	$2.0M	$5.1M	25x	as long as short
Phoenix GOLD	+0.0096%	1h	4,313.9	−0.059%	$42K	$79K	25x	as long as short
Kalshi KXGOLDPERP	+0.0099%	24h	4,309.5	−0.161%	$3.6M	$45.3M	15x	as long as short
Variational Omni XAUlong	+0.0100%	4h	4,316.5	long leg	$47.1M	$29.0M	—
Pacifica XAU	+0.0100%	1h	4,304.1	−0.286%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,313.5	−0.068%	$272K	$209K	50x	as long as short
Lighter RH XAU	+0.0104%	1h	4,309.9	−0.153%	$19.9M	$40.2M	25x	as long as short
Extended XAU-USD	+0.0104%	1h	4,303.8	−0.293%	$13.2M	$36.6M	25x	as long as short
MEXC XAU_USDT	+0.0108%	4h	4,307.5	−0.207%	$364.9M	$340.1M	1000x	as long as short
Binance XAUUSDT	+0.0110%	4h	4,308.2	−0.191%	$429.1M	$2.16B	100x	as long as short
GRVT XAU_USDT_Perp	+0.0112%	4h	4,316.1	−0.009%	$1.4M	$3.0M	25x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,307.2	−0.215%	$160K	$87	10x	as long as short
Gate XAU_USDT	+0.0116%	4h	4,309.3	−0.166%	$284.6M	$430.2M	100x	as long as short
StandX XAU-USD	+0.0118%	1h	4,313.1	−0.078%	$3.8M	$4.5M	40x	as long as short
Hotstuff GOLD-PERP	+0.0120%	1h	4,303.9	−0.291%	$32K	—	25x	as long as short
edgeX XAUUSDC	+0.0127%	4h	4,313.1	−0.077%	$30.0M	$59.8M	50x	as long as short
Bitget XAUUSDT	+0.0190%	4h	4,307.9	−0.198%	$70.5M	$121.4M	100x	as long as short
Bullet GOLD-USD	+0.0199%	1h	4,307.5	−0.208%	$59K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0221%	1h	4,307.4	−0.210%	$4.3M	$1.8M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0229%	1h	4,305	−0.265%	$573K	$138K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0238%	1h	4,307.3	−0.212%	$136K	$864K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0264%	8h	4,307.8	−0.201%	$175.2M	$304.9M	100x	as long as short
BloFin XAU-USDT	+0.0371%	4h	4,308.4	−0.187%	$16.5M	$5.0M	100x	as long as short
Phemex XAUUSDT	+0.0455%	4h	4,312.2	−0.100%	$2.2M	$949K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0464% / S −0.0311%	1h	4,307.9	−0.199%	$253K	—	111x	as long as short
HTX XAU-USDT	+0.0540%	4h	4,314.3	−0.051%	$3.2M	$6.1M	75x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,307.4	−0.211%	$4.5M	$13.1M	25x	as long as short