XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0107%/8h= −11.7% APRnext payment −$0.13 per $10,000 · paid last 24h −0.030%

Price spread now: Ondo Perps against Bullet−0.084%7-day average — · you buy dearer than you sell

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

Long on Bullet Short on Ondo Perps

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 airdropOndo Perps: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Ondo Perps is 0.084% cheaper against Bullet than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet GOLD-USD	4,329	0.0157	pay 0.0020% / 1h	2m 07s	$59K	$82K	10x
Short	Ondo Perps XAU-USD.P	4,325.4	0.0050	get 0.0006% / 1h	2m 07s	$15.0M	$56.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Bullet. 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 BulletbpFee Ondo PerpsbpOrdersPrice spread, now −0.084%Rate

Funding earned: −$22.42
Price spread: −0.084% → 0.000%: −$8.37
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$43.79
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Bullet: no order-book sample; Ondo Perps: no order-book sample. 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 Bullet no order-book sample	—	—	—	—	—
Sell Ondo Perps no order-book sample	—	—	—	—	—

Bullet and Ondo Perps: 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
Bybit XAUUSDT	0.0000%	4h	4,329.7	+0.015%	$78.2M	$156.6M	150x	as long as short
SunX XAU-USDT	0.0000%	4h	4,332.6	+0.083%	$92K	$8.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,325.4	−0.083%	$271K	—	250x	as long as short
Extended XAU-USD	+0.0032%	1h	4,325.2	−0.087%	$13.1M	$36.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.495%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,333.5	+0.104%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,328.5	−0.011%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,362.1	+0.765%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,328.1	−0.020%	$20.4M	$31.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,325.6	−0.078%	$291.7M	$51.6M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.Pshort	+0.0050%	1h	4,325.4	−0.084%	$15.0M	$56.4M	25x
RISEx XAU/USDC	+0.0054%	1h	4,330.4	+0.032%	$3.8M	$12.5M	25x	as long as short
Gate XAU_USDT	+0.0060%	4h	4,330.6	+0.038%	$269.6M	$420.3M	100x	as long as short
Hotstuff GOLD-PERP	+0.0064%	1h	4,328.8	−0.004%	$32K	—	25x	as long as short
Kalshi KXGOLDPERP	+0.0065%	24h	4,329.8	+0.019%	$4.0M	$42.3M	15x	as long as short
Paradex XAU-USD-PERP	+0.0069%	8h	4,329.4	+0.009%	$19K	$5K	5x	as long as short
Lighter RH XAU	+0.0072%	1h	4,330.3	+0.031%	$19.8M	$39.1M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,325.1	−0.090%	$2.0M	$4.8M	25x	as long as short
Aster XAUUSD1	+0.0088%	4h	4,329.7	+0.015%	$72.3M	$329.6M	20x	as long as short
GRVT XAU_USDT_Perp	+0.0098%	4h	4,336.1	+0.164%	$1.4M	$3.0M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,325.9	−0.072%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,330.6	+0.037%	$273K	$208K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,322.8	−0.142%	$25K	$14K	20x	as long as short
Binance XAUUSDT	+0.0100%	4h	4,327.3	−0.039%	$413.7M	$2.12B	100x	as long as short
Variational Omni XAU	+0.0101%	4h	4,334.6	+0.129%	$46.8M	$28.7M	—	as long as short
MEXC XAU_USDT	+0.0102%	4h	4,328.9	−0.003%	$364.3M	$331.7M	1000x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,328.3	−0.017%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0112%	4h	4,330.1	+0.027%	$30.1M	$60.5M	50x	as long as short
Phoenix GOLD	+0.0127%	1h	4,332.8	+0.088%	$47K	$77K	25x	as long as short
Bullet GOLD-USDlong	+0.0157%	1h	4,329	long leg	$59K	$82K	10x
Polymarket Perps GOLD-USD	+0.0173%	1h	4,328.9	−0.002%	$4.2M	$2.0M	20x	as long as short
HTX XAU-USDT	+0.0200%	4h	4,331.9	+0.067%	$2.8M	$5.0M	75x	as long as short
Bitget XAUUSDT	+0.0240%	4h	4,328.4	−0.013%	$68.0M	$118.9M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0248%	1h	4,325.9	−0.071%	$589K	$130K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0282%	1h	4,328.1	−0.021%	$195K	$826K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0322%	8h	4,329.4	+0.009%	$170.5M	$297.2M	100x	as long as short
BloFin XAU-USDT	+0.0363%	4h	4,328.9	−0.002%	$16.0M	$4.5M	100x	as long as short
Phemex XAUUSDT	+0.0393%	4h	4,331.6	+0.060%	$2.2M	$962K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0306%	1h	4,328.8	−0.004%	$253K	—	111x	as long as short