No, the Insta360 X5 is not compatible with the Rode Wireless GO II.
Rode Wireless GO II uses a proprietary RF 2.4GHz wireless link (not Bluetooth) plus 3.5mm analog/USB-C digital wired outputs. It doesn't appear in Insta360 X5's own published list of compatible Bluetooth devices (its link isn't Bluetooth in the first place), and X5's own connectivity spec block lists Bluetooth/Wi-Fi/USB-C/mount only -- no 3.5mm or dedicated wired mic-input port -- so the wired-output path has nothing to plug into either.
What works instead
See all compatible camera for the Insta360 X5 →“Other Bluetooth Devices: DJI: Mic Mini, Mic 2 Apple: AirPods Pro 2, AirPods 2 Huawei: FreeBuds Pro 2 Samsung: Galaxy Buds2 One Plus: Buds Ace Dual-track audio supported on all devices.”
“With its 3.5mm analog and USB-C digital outputs, the Wireless GO II can record two individual channels of audio to DSLR and mirrorless cameras, iOS and Android”
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