Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0166%/8h= +18.2% APRpaid last 24h +0.029%

Price spread now: OKX against Variational Omni−0.078%7-day average +0.013% · you buy dearer than you sell

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

Long on Variational Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.008%+$1 on $10k

Price spread, last 7 days+0.093%+$9 · spread now −0.078%, 7d avg +0.013%

Together, before fees+0.101%+ Points / potential airdropVariational Omni: Active · farm board+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.091% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.078% now, against its 7-day average of +0.013%). If the spread goes back, that is −$9 on $10k: about 44 hours of funding at the current rate (+$5 a day). At the pace of the last 4 days (+0.008% in total) that is about 42 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XAU	4,316.5	0.0100	pay 0.0050% / 4h	9m 26s	$47.1M	$29.0M	—
Short	OKX XAU-USDT-SWAP	4,313.1	0.0266	get 0.0266% / 8h	9m 26s	$175.1M	$303.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Variational Omni. 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 Variational OmnibpFee OKXbpOrdersPrice spread, now −0.078%Rate

Funding earned: $34.92
Price spread: −0.078% → +0.013%: −$9.12
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: $15.8
Costs to cover: 0.100%
Break-even: 3.8 days

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; OKX: live order book, 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 Variational Omni RFQ quote, 5 min ago	1.54 bp	doesn't fit	2.0 bp −$20	5.6 bp −$560	doesn't fit
Sell OKX live order book, 5 min ago	0.12 bp	5.3 bp −$5	5.8 bp −$58	7.9 bp −$788	14.6 bp −$7,288

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
Hotstuff GOLD-PERP	−0.0032%	1h	4,309.9	−0.152%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,320.5	+0.094%	$92K	$7.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,308.3	−0.189%	$268K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.787%	$619	$54	52x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,312.9	−0.083%	$5.7M	$2.7M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,346.2	+0.689%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,309.9	−0.152%	$290.4M	$51.7M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,309.4	−0.164%	$15.0M	$55.4M	25x	as long as short
Bluefin GOLD-PERP	+0.0055%	1h	4,311	−0.126%	$25K	$1K	20x	as long as short
Aster XAUUSD1	+0.0058%	4h	4,314.8	−0.039%	$72.9M	$271.7M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XAU-USD-PERP	+0.0062%	8h	4,312.9	−0.082%	$2K	$14K	5x	as long as short
Bybit XAUUSDT	+0.0069%	4h	4,314	−0.057%	$77.8M	$153.7M	150x	as long as short
Lighter XAU	+0.0072%	1h	4,312.6	−0.090%	$20.3M	$30.1M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,312.8	−0.085%	$2.0M	$5.1M	25x	as long as short
Phoenix GOLD	+0.0096%	1h	4,313.9	−0.059%	$42K	$79K	25x	as long as short
Kalshi KXGOLDPERP	+0.0098%	24h	4,318.2	+0.040%	$3.6M	$45.0M	15x	as long as short
Variational Omni XAUlong	+0.0100%	4h	4,316.5	long leg	$47.1M	$29.0M	—
Pacifica XAU	+0.0100%	1h	4,310.8	−0.131%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,313.5	−0.068%	$272K	$209K	50x	as long as short
StandX XAU-USD	+0.0103%	1h	4,320	+0.082%	$3.8M	$4.5M	40x	as long as short
Lighter RH XAU	+0.0104%	1h	4,315	−0.034%	$19.9M	$40.1M	25x	as long as short
Extended XAU-USD	+0.0104%	1h	4,309.7	−0.158%	$13.2M	$36.7M	25x	as long as short
MEXC XAU_USDT	+0.0110%	4h	4,312.9	−0.082%	$362.2M	$336.5M	1000x	as long as short
Binance XAUUSDT	+0.0110%	4h	4,313.1	−0.079%	$429.2M	$2.14B	100x	as long as short
GRVT XAU_USDT_Perp	+0.0112%	4h	4,316.1	−0.009%	$1.4M	$3.0M	25x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,316.4	−0.001%	$160K	$87	10x	as long as short
Gate XAU_USDT	+0.0116%	4h	4,315.1	−0.032%	$286.3M	$428.1M	100x	as long as short
edgeX XAUUSDC	+0.0127%	4h	4,313.1	−0.077%	$30.0M	$59.8M	50x	as long as short
Bitget XAUUSDT	+0.0190%	4h	4,313	−0.080%	$70.4M	$120.0M	100x	as long as short
Bullet GOLD-USD	+0.0200%	1h	4,312.6	−0.090%	$59K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0222%	1h	4,313.6	−0.066%	$4.3M	$1.8M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0228%	1h	4,314.1	−0.054%	$574K	$138K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0237%	1h	4,315.8	−0.015%	$160K	$877K	25x	as long as short
OKX XAU-USDT-SWAPshort	+0.0266%	8h	4,313.1	−0.078%	$175.1M	$303.0M	100x
BloFin XAU-USDT	+0.0351%	4h	4,317.1	+0.015%	$16.6M	$4.9M	100x	as long as short
Phemex XAUUSDT	+0.0414%	4h	4,319.3	+0.066%	$2.2M	$949K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0466% / S −0.0312%	1h	4,316.5	0.000%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.0529%	4h	4,323.7	+0.167%	$3.2M	$6.0M	75x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,313.3	−0.073%	$4.5M	$13.2M	25x	as long as short