Funding you earn now, next payment 10:00 UTC−0.0094%/8h= −10.2% APRpaid last 24h −0.019%
Price spread now: Variational Omni against Bullet−0.025%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$3 a day on $10k at the current rate, and Variational Omni is 0.025% cheaper against Bullet than usual: you would sell low and buy high (−$3 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 | 4,327.8 | 0.0188 | pay 0.0023% / 1h | 55m 46s | $58K | $77K | 10x |
| Short | Variational Omni XAU | 4,326.7 | 0.0094 | get 0.0047% / 4h | 2h 55m | $47.1M | $29.9M | — |
Bullet GOLD-USD
Variational Omni XAUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Bullet. 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
- −$19.65
- Price spread: −0.025% → 0.000%
- −$2.52
- Slippage, 4 orders
- no order book: not counted
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$30.17
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: Bullet: no order-book sample; Variational Omni: RFQ quote, 3 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 Bullet no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 3 min ago | 1.55 bp | doesn't fit | 1.5 bp −$15 | 3.0 bp −$305 | doesn't fit |
Bullet: 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX XAU-USDT | 0.0000% | 4h | 4,331.3 | +0.081% | $92K | $6.5M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,330.7 | +0.067% | $275K | — | 250x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0024% | 1h | 4,325.1 | −0.062% | $2.0M | $5.2M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.523% | $619 | $54 | 52x | as long as short |
| QFEX GOLD-USD | +0.0038% | 1h | 4,326.9 | −0.020% | $6.6M | $3.0M | 20x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,332.7 | +0.114% | $3.8M | $4.5M | 40x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,360.5 | +0.756% | — | $1.0M | 25x | as long as short |
| Hotstuff GOLD-PERP | +0.0048% | 1h | 4,326.2 | −0.036% | $32K | — | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,323.4 | −0.101% | $292.1M | $55.5M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,321.4 | −0.146% | $15.1M | $57.4M | 25x | as long as short |
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Coinbase International GOLD-PERP-INTX
Injective XAU/USDC PERP
QFEX GOLD-USD
StandX XAU-USD
Vest GC-PERP
Hotstuff GOLD-PERP
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.PShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| RISEx XAU/USDC | +0.0056% | 1h | 4,329 | +0.028% | $4.6M | $13.6M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0058% | 8h | 4,325.2 | −0.059% | $2K | $13K | 5x | as long as short |
| Aster XAUUSD1 | +0.0060% | 4h | 4,327.1 | −0.017% | $74.3M | $273.1M | 20x | as long as short |
| Extended XAU-USD | +0.0088% | 1h | 4,322.8 | −0.116% | $12.7M | $35.7M | 25x | as long as short |
| Variational Omni XAUshort | +0.0094% | 4h | 4,326.7 | −0.025% | $47.1M | $29.9M | — | |
| Phoenix GOLD | +0.0095% | 1h | 4,333.5 | +0.132% | $43K | $67K | 25x | as long as short |
| Lighter RH XAU | +0.0096% | 1h | 4,327.5 | −0.006% | $19.9M | $38.6M | 25x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,322.3 | −0.126% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,330 | +0.051% | $284K | $232K | 50x | as long as short |
| Gate XAU_USDT | +0.0104% | 4h | 4,328.4 | +0.014% | $302.8M | $429.4M | 100x | as long as short |
| Lighter XAU | +0.0112% | 1h | 4,325.4 | −0.055% | $20.2M | $29.3M | 25x | as long as short |
| Aevo XAU-PERP | +0.0112% | 1h | 4,327.2 | −0.013% | $160K | $87 | 10x | as long as short |
| MEXC XAU_USDT | +0.0114% | 4h | 4,325.8 | −0.045% | $353.1M | $348.1M | 1000x | as long as short |
| Binance XAUUSDT | +0.0116% | 4h | 4,325.5 | −0.053% | $435.4M | $2.36B | 100x | as long as short |
| Kalshi KXGOLDPERP | +0.0121% | 24h | 4,329.2 | +0.033% | $3.5M | $48.6M | 15x | as long as short |
| edgeX XAUUSDC | +0.0127% | 4h | 4,330.2 | +0.056% | $30.3M | $64.9M | 50x | as long as short |
| GRVT XAU_USDT_Perp | +0.0132% | 4h | 4,331.1 | +0.078% | $1.4M | $3.0M | 25x | as long as short |
| Polymarket Perps GOLD-USD | +0.0132% | 1h | 4,327 | −0.018% | $4.3M | $1.7M | 20x | as long as short |
| Bybit XAUUSDT | +0.0142% | 4h | 4,326.9 | −0.020% | $81.6M | $170.1M | 150x | as long as short |
| Bullet GOLD-USDlong | +0.0188% | 1h | 4,327.8 | long leg | $58K | $77K | 10x | |
| Bitget XAUUSDT | +0.0196% | 4h | 4,326 | −0.041% | $72.0M | $132.6M | 100x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0236% | 1h | 4,325.7 | −0.048% | $134K | $782K | 25x | as long as short |
| OKX XAU-USDT-SWAP | +0.0244% | 8h | 4,326.5 | −0.029% | $170.7M | $355.8M | 100x | as long as short |
| BloFin XAU-USDT | +0.0355% | 4h | 4,329.7 | +0.044% | $16.2M | $5.5M | 100x | as long as short |
| Phemex XAUUSDT | +0.0395% | 4h | 4,331.6 | +0.088% | $2.2M | $961K | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0411% | 1h | 4,324.7 | −0.071% | $582K | $150K | 25x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0460% / S −0.0306% | 1h | 4,327.8 | 0.000% | $252K | — | 111x | as long as short |
| HTX XAU-USDT | +0.1112% | 4h | 4,334.7 | +0.159% | $3.2M | $7.0M | 75x | as long as short |
| Bluefin GOLD-PERP | +0.5954% | 1h | 4,323.3 | −0.103% | $25K | $1K | 20x | as long as short |
RISEx XAU/USDC
Paradex XAU-USD-PERP
Aster XAUUSD1
Extended XAU-USD
Phoenix GOLD
Lighter RH XAU
Pacifica XAU
ApeX Omni XAUUSDT
Gate XAU_USDT
Lighter XAU
Aevo XAU-PERP
MEXC XAU_USDT
Binance XAUUSDT
Kalshi KXGOLDPERP
edgeX XAUUSDC
GRVT XAU_USDT_Perp
Polymarket Perps GOLD-USD
Bybit XAUUSDT
Bitget XAUUSDT
Deribit GOLD_USDC-PERPETUAL
OKX XAU-USDT-SWAP
BloFin XAU-USDT
Phemex XAUUSDT
Kraken Futures PF_XAUUSD
GMX GOLD/USD [ETH-USDC]
HTX XAU-USDT
Bluefin GOLD-PERP