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−0.782%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)−0.005%−$1 · spread now −0.782%, 7d avg −0.881%

Together, before fees+0.009%+ 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 0.099% dearer against Vest than usual: you sell high and buy low (spread −0.782% now, against its 7-day average of −0.881%): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest GC-PERP	4,409.6	0.0046	pay 0.0006% / 1h	45m 52s	—	$1.0M	25x
Short	Variational Omni XAU	4,375.1	0	get 0.0000% / 4h	3h 45m	$48.7M	$27.7M	—

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

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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 VestbpFee Variational OmnibpOrdersPrice spread, now −0.782%Rate

Funding earned: −$9.59
Price spread: −0.782% → −0.881%: $9.91
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$1.68
Costs to cover: 0.020%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; 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 Vest no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 3 min ago	1.54 bp	doesn't fit	1.5 bp −$15	3.5 bp −$348	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
Bluefin GOLD-PERP	−0.0105%	1h	4,369.4	−0.912%	$26K	$21K	20x	as long as short
Aster XAUUSD1	0.0000%	4h	4,375.7	−0.769%	$71.2M	$207.5M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,375.9	−0.764%	$410.2M	$2.15B	100x	as long as short
Gate XAU_USDT	0.0000%	4h	4,376.6	−0.748%	$266.2M	$410.3M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,375.5	−0.774%	$374.2M	$321.4M	1000x	as long as short
Variational Omni XAUshort	0.0000%	4h	4,375.1	−0.782%	$48.7M	$27.7M	—
Kalshi KXGOLDPERP	0.0000%	24h	4,372.2	−0.848%	$4.0M	$36.6M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,380.2	−0.667%	$93K	$10.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,371.6	−0.863%	$268K	—	250x	as long as short
Bitget XAUUSDT	+0.0006%	4h	4,376.2	−0.758%	$69.7M	$114.0M	100x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX XAUUSDC	+0.0018%	4h	4,371.2	−0.871%	$30.4M	$60.2M	50x	as long as short
Hotstuff GOLD-PERP	+0.0024%	1h	4,372.6	−0.839%	$33K	—	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−1.342%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,376.4	−0.753%	$3.8M	$4.7M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,375.1	−0.782%	$5.6M	$1.9M	20x	as long as short
Vest GC-PERPlong	+0.0046%	1h	4,409.6	long leg	—	$1.0M	25x
RISEx XAU/USDC	+0.0048%	1h	4,375.8	−0.766%	$3.4M	$12.3M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,371.9	−0.855%	$294.7M	$52.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,371.1	−0.874%	$14.7M	$57.4M	25x	as long as short
Phoenix GOLD	+0.0055%	1h	4,375.3	−0.778%	$48K	$64K	25x	as long as short
Paradex XAU-USD-PERP	+0.0070%	8h	4,375.2	−0.780%	$19K	$5K	5x	as long as short
Lighter XAU	+0.0072%	1h	4,374.9	−0.786%	$20.8M	$43.4M	25x	as long as short
Lighter RH XAU	+0.0080%	1h	4,376.5	−0.750%	$20.3M	$40.9M	25x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,375	−0.785%	$162K	$87	10x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,372.2	−0.848%	$2.0M	$5.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,372.5	−0.841%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,373.2	−0.825%	$277K	$204K	50x	as long as short
Polymarket Perps GOLD-USD	+0.0108%	1h	4,374.6	−0.794%	$4.3M	$1.8M	20x	as long as short
Extended XAU-USD	+0.0120%	1h	4,371.4	−0.866%	$13.3M	$44.1M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0138%	4h	4,376.4	−0.752%	$1.4M	$3.1M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0162%	1h	4,374	−0.807%	$236K	$655K	25x	as long as short
Bybit XAUUSDT	+0.0168%	4h	4,376.7	−0.747%	$83.4M	$144.5M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0174%	8h	4,377.8	−0.721%	$166.3M	$287.4M	100x	as long as short
Bullet GOLD-USD	+0.0192%	1h	4,375.6	−0.771%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,373.2	−0.824%	$596K	$146K	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,374.8	−0.789%	$15.0M	$4.6M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0390% / S −0.0197%	1h	4,376	−0.763%	$252K	—	111x	as long as short
Phemex XAUUSDT	+0.0474%	4h	4,378.2	−0.711%	$2.2M	$1.1M	100x	as long as short
HTX XAU-USDT	+0.0582%	4h	4,380.4	−0.663%	$2.9M	$3.8M	75x	as long as short