Funding you earn now, next payment 08:00 UTC+0.0037%/8h= +4.0% APRpaid last 24h −0.181%
Price spread now: Variational Omni against Bluefin+0.264%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Variational Omni is 0.264% dearer against Bluefin than usual: you sell high and buy low: +$26 more if the spread 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 | Bluefin GOLD-PERP | 4,305.1 | 0.0063 | pay 0.0008% / 1h | 8m 10s | $25K | $1K | 20x |
| Short | Variational Omni XAU | 4,316.5 | 0.0100 | get 0.0050% / 4h | 8m 10s | $47.1M | $29.0M | — |
Bluefin GOLD-PERP
Variational Omni XAUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Bluefin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $7.71
- Price spread: +0.264% → 0.000%
- $26.45
- Slippage, 4 orders
- no order book: not counted
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $27.16
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Bluefin: no order-book sample; Variational Omni: RFQ quote, 1 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 Bluefin no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 1 min ago | 1.54 bp | doesn't fit | 1.5 bp −$15 | 3.7 bp −$365 | doesn't fit |
Bluefin: 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff GOLD-PERP | −0.0032% | 1h | 4,308.8 | +0.086% | $32K | — | 25x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,313.8 | +0.202% | $92K | $7.0M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,306.1 | +0.023% | $268K | — | 250x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +1.053% | $619 | $54 | 52x | as long as short |
| QFEX GOLD-USD | +0.0045% | 1h | 4,309.3 | +0.098% | $5.7M | $2.7M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,343.2 | +0.885% | — | $1.0M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,307.4 | +0.054% | $290.2M | $52.1M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,307.2 | +0.050% | $15.0M | $55.3M | 25x | as long as short |
| Aster XAUUSD1 | +0.0057% | 4h | 4,311.3 | +0.145% | $72.9M | $271.8M | 20x | as long as short |
| Paradex XAU-USD-PERP | +0.0063% | 8h | 4,310.9 | +0.136% | $2K | $14K | 5x | as long as short |
Hotstuff GOLD-PERP
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Injective XAU/USDC PERP
QFEX GOLD-USD
Vest GC-PERP
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
Aster XAUUSD1
Paradex XAU-USD-PERPShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bluefin GOLD-PERPlong | +0.0063% | 1h | 4,305.1 | long leg | $25K | $1K | 20x | |
| Bybit XAUUSDT | +0.0069% | 4h | 4,310.6 | +0.127% | $77.4M | $154.5M | 150x | as long as short |
| Lighter XAU | +0.0072% | 1h | 4,308.9 | +0.089% | $20.2M | $30.2M | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0072% | 1h | 4,306.4 | +0.031% | $2.0M | $5.1M | 25x | as long as short |
| Phoenix GOLD | +0.0096% | 1h | 4,313.9 | +0.205% | $42K | $79K | 25x | as long as short |
| Kalshi KXGOLDPERP | +0.0099% | 24h | 4,312.9 | +0.182% | $3.7M | $45.2M | 15x | as long as short |
| Variational Omni XAUshort | +0.0100% | 4h | 4,316.5 | +0.264% | $47.1M | $29.0M | — | |
| Pacifica XAU | +0.0100% | 1h | 4,307.8 | +0.063% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,313.5 | +0.196% | $272K | $209K | 50x | as long as short |
| StandX XAU-USD | +0.0103% | 1h | 4,320 | +0.347% | $3.8M | $4.5M | 40x | as long as short |
| Lighter RH XAU | +0.0104% | 1h | 4,311.3 | +0.144% | $19.9M | $40.1M | 25x | as long as short |
| Extended XAU-USD | +0.0104% | 1h | 4,306.1 | +0.024% | $13.2M | $36.6M | 25x | as long as short |
| Binance XAUUSDT | +0.0110% | 4h | 4,309.9 | +0.111% | $428.8M | $2.15B | 100x | as long as short |
| MEXC XAU_USDT | +0.0110% | 4h | 4,309.8 | +0.109% | $359.9M | $338.0M | 1000x | as long as short |
| GRVT XAU_USDT_Perp | +0.0112% | 4h | 4,316.1 | +0.255% | $1.4M | $3.0M | 25x | as long as short |
| Aevo XAU-PERP | +0.0112% | 1h | 4,309.5 | +0.102% | $160K | $87 | 10x | as long as short |
| Gate XAU_USDT | +0.0116% | 4h | 4,312.7 | +0.177% | $286.8M | $429.0M | 100x | as long as short |
| edgeX XAUUSDC | +0.0127% | 4h | 4,313.1 | +0.187% | $30.0M | $59.8M | 50x | as long as short |
| Bitget XAUUSDT | +0.0190% | 4h | 4,308.7 | +0.083% | $70.3M | $120.6M | 100x | as long as short |
| Bullet GOLD-USD | +0.0199% | 1h | 4,310.7 | +0.130% | $59K | $81K | 10x | as long as short |
| Polymarket Perps GOLD-USD | +0.0221% | 1h | 4,311.1 | +0.140% | $4.3M | $1.8M | 20x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0228% | 1h | 4,307.5 | +0.055% | $573K | $138K | 25x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0261% | 1h | 4,308.6 | +0.082% | $136K | $864K | 25x | as long as short |
| OKX XAU-USDT-SWAP | +0.0264% | 8h | 4,309.7 | +0.107% | $175.1M | $303.9M | 100x | as long as short |
| BloFin XAU-USDT | +0.0350% | 4h | 4,312.8 | +0.178% | $16.5M | $4.9M | 100x | as long as short |
| Phemex XAUUSDT | +0.0432% | 4h | 4,313.4 | +0.194% | $2.2M | $949K | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0465% / S −0.0312% | 1h | 4,310.7 | +0.130% | $254K | — | 111x | as long as short |
| HTX XAU-USDT | +0.0537% | 4h | 4,318 | +0.300% | $3.2M | $6.1M | 75x | as long as short |
| RISEx XAU/USDC | +0.0643% | 1h | 4,310.6 | +0.128% | $4.5M | $13.1M | 25x | as long as short |
Bybit XAUUSDT
Lighter XAU
Coinbase International GOLD-PERP-INTX
Phoenix GOLD
Kalshi KXGOLDPERP
Pacifica XAU
ApeX Omni XAUUSDT
StandX XAU-USD
Lighter RH XAU
Extended XAU-USD
Binance XAUUSDT
MEXC XAU_USDT
GRVT XAU_USDT_Perp
Aevo XAU-PERP
Gate XAU_USDT
edgeX XAUUSDC
Bitget XAUUSDT
Bullet GOLD-USD
Polymarket Perps GOLD-USD
Kraken Futures PF_XAUUSD
Deribit GOLD_USDC-PERPETUAL
OKX XAU-USDT-SWAP
BloFin XAU-USDT
Phemex XAUUSDT
GMX GOLD/USD [ETH-USDC]
HTX XAU-USDT
RISEx XAU/USDC