Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.028%

Price spread now: Variational Omni against Gate+0.044%7-day average −0.033% · you sell dearer than you buy

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

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.035%+$3 on $10k

Price spread, last 7 days−0.101%−$10 · spread now +0.044%, 7d avg −0.033%

Together, before fees−0.066%+ Points / potential airdropVariational Omni: Active · farm board−$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.077% dearer against Gate than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAU_USDT	4,364	0	get 0.0000% / 4h	45m 03s	$268.0M	$406.8M	100x
Short	Variational Omni XAU	4,365.9	0	get 0.0000% / 4h	45m 03s	$48.5M	$30.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. 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 GatebpFee Variational OmnibpOrdersPrice spread, now +0.044%Rate

Funding earned: $0
Price spread: +0.044% → −0.033%: $7.7
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$7.3
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 4 min ago; Variational Omni: RFQ quote, 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 Gate live order book, 4 min ago	0.01 bp	7.5 bp −$8	8.6 bp −$86	12.3 bp −$1,227	14.1 bp −$7,056
Sell Variational Omni RFQ quote, 4 min ago	1.55 bp	doesn't fit	1.8 bp −$18	3.5 bp −$352	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	−0.0327%	1h	4,359.1	−0.111%	$26K	$21K	20x	as long as short
Phoenix GOLD	−0.0004%	1h	4,364.9	+0.022%	$48K	$65K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,363.7	−0.005%	$71.5M	$228.5M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,363.2	−0.018%	$408.2M	$2.10B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,363.7	−0.006%	$82.6M	$141.4M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,365	+0.024%	$3.4M	$12.4M	25x	as long as short
Gate XAU_USDTlong	0.0000%	4h	4,364	long leg	$268.0M	$406.8M	100x
MEXC XAU_USDT	0.0000%	4h	4,363.1	−0.019%	$375.9M	$320.4M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,363.4	−0.014%	$66.9M	$111.0M	100x	as long as short
Variational Omni XAUshort	0.0000%	4h	4,365.9	+0.044%	$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	4,367.4	+0.079%	$1.4M	$3.1M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,362.8	−0.026%	$4.0M	$35.2M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,368.3	+0.100%	$93K	$10.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,360.4	−0.081%	$267K	—	250x	as long as short
edgeX XAUUSDC	+0.0007%	4h	4,361.8	−0.049%	$30.3M	$58.2M	50x	as long as short
Bullet GOLD-USD	+0.0021%	1h	4,364	+0.002%	$60K	$81K	10x	as long as short
QFEX GOLD-USD	+0.0032%	1h	4,364.7	+0.017%	$5.6M	$1.7M	20x	as long as short
Lighter XAU	+0.0032%	1h	4,363.1	−0.020%	$20.9M	$44.3M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,365.2	+0.029%	$20.3M	$41.6M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,360.7	−0.075%	$13.0M	$46.6M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.310%	$619	$54	52x	as long as short
Hotstuff GOLD-PERP	+0.0040%	1h	4,362	−0.045%	$33K	—	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,366.4	+0.056%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,399.4	+0.812%	—	$1.0M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0048%	1h	4,362.1	−0.042%	$235K	$735K	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,360.4	−0.081%	$293.5M	$52.3M	25x	as long as short
Paradex XAU-USD-PERP	+0.0050%	8h	4,365.3	+0.031%	$19K	$6K	5x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,361.5	−0.056%	$14.5M	$56.1M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0072%	1h	4,363.6	−0.008%	$4.3M	$1.8M	20x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,363.3	−0.014%	$162K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,362	−0.045%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,363.9	−0.001%	$277K	$204K	50x	as long as short
HTX XAU-USDT	+0.0133%	4h	4,367.4	+0.080%	$2.8M	$3.8M	75x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0152%	1h	4,364.6	+0.015%	$2.0M	$5.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0154%	8h	4,365	+0.024%	$157.8M	$270.9M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0220%	1h	4,361.1	−0.064%	$602K	$138K	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,364.8	+0.019%	$14.7M	$4.4M	100x	as long as short
Phemex XAUUSDT	+0.0306%	4h	4,366.6	+0.061%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0388% / S −0.0197%	1h	4,363.8	−0.004%	$252K	—	111x	as long as short