Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.029%

Price spread now: Variational Omni against Extended+0.102%7-day average +0.087% · you sell dearer than you buy

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

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.012%+$1 on $10k

Price spread, last 7 days−0.076%−$8 · spread now +0.102%, 7d avg +0.087%

Together, before fees−0.063%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.087%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XAU-USD	4,361.4	0.0032	pay 0.0004% / 1h	39m 21s	$13.0M	$46.4M	25x
Short	Variational Omni XAU	4,365.9	0	get 0.0000% / 4h	39m 21s	$48.5M	$30.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. 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 ExtendedbpFee Variational OmnibpOrdersPrice spread, now +0.102%Rate

Funding earned: −$6.72
Price spread: +0.102% → +0.087%: $1.55
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$10.17
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 5 min ago; Variational Omni: RFQ quote, 5 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 Extended live order book, 5 min ago	0.12 bp	2.6 bp −$3	3.6 bp −$36	6.7 bp −$668	23.4 bp −$11.7K
Sell Variational Omni RFQ quote, 5 min ago	1.54 bp	doesn't fit	2.0 bp −$20	4.8 bp −$479	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	−0.0262%	1h	4,359.7	−0.041%	$26K	$21K	20x	as long as short
Phoenix GOLD	−0.0004%	1h	4,363.3	+0.043%	$48K	$65K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,365.3	+0.089%	$71.6M	$227.7M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,364.5	+0.070%	$407.8M	$2.11B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,365.1	+0.083%	$82.6M	$141.7M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,364.7	+0.074%	$3.4M	$12.4M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,365.5	+0.093%	$267.9M	$408.5M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,364.7	+0.075%	$377.2M	$321.5M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,364.8	+0.076%	$67.0M	$111.3M	100x	as long as short
Variational Omni XAUshort	0.0000%	4h	4,365.9	+0.102%	$48.5M	$30.6M	—

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XAU_USDT_Perp	0.0000%	4h	4,366.2	+0.109%	$1.4M	$3.1M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,363.7	+0.052%	$4.0M	$35.3M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,370.9	+0.217%	$93K	$10.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,360.9	−0.012%	$267K	—	250x	as long as short
edgeX XAUUSDC	+0.0008%	4h	4,360.9	−0.012%	$30.3M	$58.3M	50x	as long as short
QFEX GOLD-USD	+0.0032%	1h	4,364.4	+0.068%	$5.6M	$1.7M	20x	as long as short
Lighter XAU	+0.0032%	1h	4,364.3	+0.065%	$20.8M	$44.4M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,366.6	+0.119%	$20.2M	$41.6M	25x	as long as short
Extended XAU-USDlong	+0.0032%	1h	4,361.4	long leg	$13.0M	$46.4M	25x
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.253%	$619	$54	52x	as long as short
Hotstuff GOLD-PERP	+0.0040%	1h	4,361.7	+0.006%	$33K	—	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,366.7	+0.121%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,399.1	+0.864%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,360.8	−0.015%	$293.6M	$52.1M	25x	as long as short
Paradex XAU-USD-PERP	+0.0050%	8h	4,364.9	+0.079%	$19K	$6K	5x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,361.4	−0.001%	$14.5M	$56.1M	25x	as long as short
Bullet GOLD-USD	+0.0051%	1h	4,364.7	+0.074%	$60K	$81K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0071%	1h	4,363.5	+0.047%	$235K	$735K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0076%	1h	4,364	+0.059%	$4.3M	$1.8M	20x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,364.5	+0.070%	$162K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,361.8	+0.008%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,363.4	+0.044%	$277K	$204K	50x	as long as short
HTX XAU-USDT	+0.0141%	4h	4,368.2	+0.155%	$2.8M	$3.8M	75x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0152%	1h	4,361.5	+0.001%	$2.0M	$5.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0155%	8h	4,365.6	+0.095%	$157.9M	$271.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0220%	1h	4,362.9	+0.034%	$602K	$138K	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,366.9	+0.125%	$14.7M	$4.4M	100x	as long as short
Phemex XAUUSDT	+0.0303%	4h	4,368.8	+0.169%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0388% / S −0.0197%	1h	4,364.7	+0.074%	$252K	—	111x	as long as short