Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0008%/8h= −0.9% APRpaid last 24h +0.027%

Price spread now: Variational Omni against Hotstuff+0.064%7-day average — · you sell dearer than you buy

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

Long on Hotstuff Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · Variational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.064% dearer against Hotstuff than usual: you sell high and buy low, +$6 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff GOLD-PERP	4,359.2	0.0048	pay 0.0006% / 1h	1m 21s	$33K	—	25x
Short	Variational Omni XAU	4,362	0.0040	get 0.0020% / 4h	3h 01m	$48.4M	$28.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Hotstuff. 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 HotstuffbpFee Variational OmnibpOrdersPrice spread, now +0.064%Rate

Funding earned: −$1.73
Price spread: +0.064% → 0.000%: $6.38
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$0.35
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Hotstuff: 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 3 min ago	1.54 bp	doesn't fit	1.5 bp −$15	4.4 bp −$436	doesn't fit

Hotstuff: 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
Aster XAUUSD1	0.0000%	4h	4,362.9	+0.084%	$69.8M	$232.7M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,363.3	+0.094%	$265.1M	$423.2M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,360.3	+0.025%	$4.0M	$36.7M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,367.1	+0.182%	$93K	$10.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,358.4	−0.019%	$269K	—	250x	as long as short
Extended XAU-USD	+0.0032%	1h	4,358.2	−0.023%	$13.5M	$43.5M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.201%	$619	$54	52x	as long as short
Variational Omni XAUshort	+0.0040%	4h	4,362	+0.064%	$48.4M	$28.5M	—
StandX XAU-USD	+0.0040%	1h	4,363.9	+0.108%	$3.8M	$4.7M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,362.4	+0.073%	$5.6M	$1.9M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,395.9	+0.842%	—	$1.0M	25x	as long as short
RISEx XAU/USDC	+0.0048%	1h	4,362.8	+0.082%	$3.4M	$12.3M	25x	as long as short
Hotstuff GOLD-PERPlong	+0.0048%	1h	4,359.2	long leg	$33K	—	25x
tradeXYZ xyz:GOLD	+0.0050%	1h	4,358.9	−0.007%	$294.2M	$51.8M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,358.9	−0.006%	$14.8M	$57.2M	25x	as long as short
MEXC XAU_USDT	+0.0054%	4h	4,362.7	+0.080%	$372.8M	$331.7M	1000x	as long as short
Phoenix GOLD	+0.0055%	1h	4,359.6	+0.009%	$48K	$64K	25x	as long as short
Binance XAUUSDT	+0.0056%	4h	4,362.3	+0.072%	$411.6M	$2.14B	100x	as long as short
edgeX XAUUSDC	+0.0063%	4h	4,356.5	−0.061%	$30.3M	$60.4M	50x	as long as short
Lighter XAU	+0.0072%	1h	4,360.7	+0.034%	$20.6M	$44.5M	25x	as long as short
Paradex XAU-USD-PERP	+0.0087%	8h	4,362.5	+0.076%	$19K	$5K	5x	as long as short
Lighter RH XAU	+0.0088%	1h	4,363.4	+0.095%	$20.2M	$41.5M	25x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,361.6	+0.054%	$162K	$87	10x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,359.4	+0.005%	$2.0M	$5.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,360.1	+0.021%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,359.2	−0.001%	$275K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,355.4	−0.088%	$26K	$22K	20x	as long as short
Bitget XAUUSDT	+0.0108%	4h	4,362.7	+0.081%	$69.7M	$112.5M	100x	as long as short
Polymarket Perps GOLD-USD	+0.0117%	1h	4,361.4	+0.050%	$4.3M	$1.8M	20x	as long as short
GRVT XAU_USDT_Perp	+0.0142%	4h	4,362.6	+0.079%	$1.4M	$3.1M	25x	as long as short
Bybit XAUUSDT	+0.0197%	4h	4,362.7	+0.081%	$83.8M	$144.8M	150x	as long as short
Bullet GOLD-USD	+0.0214%	1h	4,362.7	+0.081%	$59K	$82K	10x	as long as short
OKX XAU-USDT-SWAP	+0.0215%	8h	4,363.6	+0.101%	$164.2M	$288.4M	100x	as long as short
BloFin XAU-USDT	+0.0225%	4h	4,362.7	+0.081%	$15.4M	$4.6M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,359.8	+0.015%	$595K	$141K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0232%	1h	4,360.6	+0.032%	$235K	$658K	25x	as long as short
Phemex XAUUSDT	+0.0301%	4h	4,364.9	+0.130%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0394% / S −0.0199%	1h	4,362.7	+0.081%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.0557%	4h	4,367.1	+0.182%	$2.9M	$3.9M	75x	as long as short