Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0047%/8h= +5.1% APRpaid last 24h +0.013%

Price spread now: Variational Omni against StandX−0.036%7-day average −0.019% · you buy dearer than you sell

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

Long on StandX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.004%$0 on $10k

Price spread, last 7 days+0.014%+$1 · spread now −0.036%, 7d avg −0.019%

Together, before fees+0.018%+ Points / potential airdropStandX: Active · Variational Omni: Active · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.019%, 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	StandX XAU-USD	4,344.3	0.0040	pay 0.0005% / 1h	44m 26s	$3.8M	$4.5M	40x
Short	Variational Omni XAU	4,342.7	0.0087	get 0.0043% / 4h	3h 44m	$48.3M	$27.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against StandX. 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 StandXbpFee Variational OmnibpOrdersPrice spread, now −0.036%Rate

Funding earned: $9.81
Price spread: −0.036% → −0.019%: −$1.74
Slippage, 4 orders: no order book: not counted
Fee StandX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $0.07
Costs to cover: 0.080%
Break-even: 7.0 days

Slippage unknown: StandX: 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 StandX live order book, 5 min ago	1.84 bp	5.8 bp −$6	6.4 bp −$64	8.9 bp −$893	10.4 bp −$5,220
Sell Variational Omni RFQ quote, 5 min ago	1.55 bp	doesn't fit	1.6 bp −$16	3.0 bp −$303	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	−0.0018%	1h	4,336.8	−0.172%	$25K	$14K	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,344.5	+0.005%	$267.9M	$412.5M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,346	+0.040%	$92K	$8.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,338.4	−0.136%	$271K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,342.1	−0.051%	$3.5M	$12.1M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,343.4	−0.022%	$20.0M	$39.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,338.8	−0.128%	$13.3M	$37.9M	25x	as long as short
Hotstuff GOLD-PERP	+0.0032%	1h	4,340.3	−0.092%	$33K	—	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.141%	$619	$54	52x	as long as short
StandX XAU-USDlong	+0.0040%	1h	4,344.3	long leg	$3.8M	$4.5M	40x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USD	+0.0042%	1h	4,341.9	−0.055%	$5.7M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,375.2	+0.711%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,341.5	−0.065%	$20.8M	$34.5M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,339.2	−0.117%	$293.6M	$49.3M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,339.2	−0.116%	$15.1M	$56.9M	25x	as long as short
Kalshi KXGOLDPERP	+0.0051%	24h	4,339.5	−0.110%	$4.3M	$37.5M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,338.1	−0.143%	$2.1M	$4.8M	25x	as long as short
Aster XAUUSD1	+0.0075%	4h	4,343.8	−0.012%	$71.5M	$332.4M	20x	as long as short
Paradex XAU-USD-PERP	+0.0082%	8h	4,342.5	−0.042%	$19K	$5K	5x	as long as short
Bybit XAUUSDT	+0.0083%	4h	4,343.1	−0.028%	$80.3M	$150.9M	150x	as long as short
Variational Omni XAUshort	+0.0087%	4h	4,342.7	−0.036%	$48.3M	$27.7M	—
Pacifica XAU	+0.0100%	1h	4,338.9	−0.125%	$1.4M	$1.1M	10x	as long as short
MEXC XAU_USDT	+0.0100%	4h	4,342.7	−0.037%	$369.3M	$318.6M	1000x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,340.7	−0.082%	$274K	$203K	50x	as long as short
Binance XAUUSDT	+0.0101%	4h	4,342.7	−0.037%	$415.0M	$2.09B	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,341.1	−0.073%	$161K	$87	10x	as long as short
edgeX XAUUSDC	+0.0113%	4h	4,338.3	−0.137%	$30.2M	$58.3M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,338.8	−0.127%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0166%	4h	4,341.6	−0.061%	$1.4M	$2.9M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0211%	1h	4,340.4	−0.090%	$205K	$826K	25x	as long as short
Bullet GOLD-USD	+0.0212%	1h	4,342.7	−0.037%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0218%	1h	4,342.8	−0.035%	$4.3M	$2.0M	20x	as long as short
Bitget XAUUSDT	+0.0244%	4h	4,343.4	−0.020%	$71.1M	$109.4M	100x	as long as short
Phemex XAUUSDT	+0.0256%	4h	4,343.9	−0.008%	$2.2M	$967K	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,338.4	−0.136%	$592K	$132K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0318%	8h	4,344	−0.007%	$166.3M	$281.6M	100x	as long as short
BloFin XAU-USDT	+0.0359%	4h	4,341.7	−0.059%	$15.6M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0427% / S −0.0252%	1h	4,342.7	−0.037%	$250K	—	111x	as long as short
HTX XAU-USDT	+0.0549%	4h	4,345.5	+0.027%	$2.8M	$4.6M	75x	as long as short