Funding you earn now, next payment 02:00 UTC+0.0005%/8h= +0.5% APRpaid last 24h +0.014%
Price spread now: Variational Omni against Coinbase International+0.060%7-day average +0.090% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.428%−$43 on $10k
+Price spread, last 4 days (all we have)−0.096%−$10 · spread now +0.060%, 7d avg +0.090%
=Together, before fees−0.524%+ Points / potential airdropVariational Omni: Active · farm board−$52 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.030% cheaper against Coinbase International than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.090%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International GOLD-PERP-INTX | 4,344.7 | 0.0048 | pay 0.0006% / 1h | 10m 49s | $2.0M | $4.9M | 25x |
| Short | Variational Omni XAU | 4,347.3 | 0.0053 | get 0.0026% / 4h | 1h 10m | $48.5M | $27.8M | — |
Coinbase International GOLD-PERP-INTX
Variational Omni XAUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Coinbase International. 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
- $1.01
- Price spread: +0.060% → +0.090%
- −$3
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$11.99
- Costs to cover
- 0.100%
- Break-even
- 89.8 days
Slippage unknown: Coinbase International: live order book, 3 min ago; 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 Coinbase International live order book, 3 min ago | 0.57 bp | 7.1 bp −$7 | 8.1 bp −$81 | 42.9 bp −$4,288 | doesn't fit |
| Sell Variational Omni RFQ quote, 3 min ago | 1.55 bp | doesn't fit | 1.6 bp −$16 | 2.4 bp −$240 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate XAU_USDT | 0.0000% | 4h | 4,350.9 | +0.143% | $264.3M | $416.1M | 100x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,352.4 | +0.177% | $92K | $9.1M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,344.3 | −0.008% | $266K | — | 250x | as long as short |
| RISEx XAU/USDC | +0.0010% | 1h | 4,347.8 | +0.071% | $3.4M | $12.4M | 25x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,345.5 | +0.019% | $13.5M | $38.8M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.132% | $619 | $54 | 52x | as long as short |
| Aster XAUUSD1 | +0.0039% | 4h | 4,349.7 | +0.115% | $70.6M | $334.2M | 20x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,349.4 | +0.108% | $3.8M | $4.6M | 40x | as long as short |
| Kalshi KXGOLDPERP | +0.0040% | 24h | 4,346.4 | +0.039% | $4.1M | $37.1M | 15x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,381.2 | +0.840% | — | $1.0M | 25x | as long as short |
Gate XAU_USDT
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
RISEx XAU/USDC
Extended XAU-USD
Injective XAU/USDC PERP
Aster XAUUSD1
StandX XAU-USD
Kalshi KXGOLDPERP
Vest GC-PERPShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX GOLD-USD | +0.0046% | 1h | 4,347 | +0.053% | $5.7M | $2.0M | 20x | as long as short |
| Coinbase International GOLD-PERP-INTXlong | +0.0048% | 1h | 4,344.7 | long leg | $2.0M | $4.9M | 25x | |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,346.3 | +0.037% | $293.9M | $49.0M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,344.6 | −0.002% | $15.1M | $56.8M | 25x | as long as short |
| Variational Omni XAUshort | +0.0053% | 4h | 4,347.3 | +0.060% | $48.5M | $27.8M | — | |
| GRVT XAU_USDT_Perp | +0.0054% | 4h | 4,350.6 | +0.136% | $1.4M | $2.9M | 25x | as long as short |
| Lighter XAU | +0.0056% | 1h | 4,348.3 | +0.084% | $20.6M | $42.6M | 25x | as long as short |
| Lighter RH XAU | +0.0064% | 1h | 4,350.3 | +0.128% | $20.1M | $39.9M | 25x | as long as short |
| MEXC XAU_USDT | +0.0072% | 4h | 4,349.5 | +0.110% | $372.2M | $319.9M | 1000x | as long as short |
| Binance XAUUSDT | +0.0073% | 4h | 4,349.4 | +0.109% | $410.4M | $2.10B | 100x | as long as short |
| Paradex XAU-USD-PERP | +0.0078% | 8h | 4,347.7 | +0.070% | $19K | $5K | 5x | as long as short |
| edgeX XAUUSDC | +0.0090% | 4h | 4,346.3 | +0.036% | $30.3M | $58.4M | 50x | as long as short |
| Aevo XAU-PERP | +0.0096% | 1h | 4,347.8 | +0.072% | $161K | $87 | 10x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,344.4 | −0.008% | $1.4M | $1.1M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,347.5 | +0.064% | $275K | $203K | 50x | as long as short |
| Polymarket Perps GOLD-USD | +0.0116% | 1h | 4,347.4 | +0.062% | $4.3M | $1.9M | 20x | as long as short |
| Phoenix GOLD | +0.0136% | 1h | 4,350.4 | +0.131% | $47K | $77K | 25x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0141% | 1h | 4,347.5 | +0.064% | $254K | $752K | 25x | as long as short |
| Hotstuff GOLD-PERP | +0.0144% | 1h | 4,345.1 | +0.009% | $33K | — | 25x | as long as short |
| Bullet GOLD-USD | +0.0191% | 1h | 4,348 | +0.076% | $59K | $83K | 10x | as long as short |
| Bybit XAUUSDT | +0.0202% | 4h | 4,350.7 | +0.138% | $84.4M | $145.3M | 150x | as long as short |
| Phemex XAUUSDT | +0.0210% | 4h | 4,353.1 | +0.193% | $2.2M | $1.1M | 100x | as long as short |
| Bitget XAUUSDT | +0.0214% | 4h | 4,349.7 | +0.114% | $70.3M | $109.5M | 100x | as long as short |
| OKX XAU-USDT-SWAP | +0.0257% | 8h | 4,350.5 | +0.133% | $165.4M | $283.3M | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0270% | 1h | 4,345.5 | +0.017% | $593K | $133K | 25x | as long as short |
| BloFin XAU-USDT | +0.0293% | 4h | 4,349.3 | +0.105% | $15.6M | $4.6M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0404% / S −0.0218% | 1h | 4,348.2 | +0.080% | $248K | — | 111x | as long as short |
| Bluefin GOLD-PERP | +0.0566% | 1h | 4,342.6 | −0.049% | $25K | $14K | 20x | as long as short |
| HTX XAU-USDT | +0.0579% | 4h | 4,354.5 | +0.226% | $2.9M | $4.2M | 75x | as long as short |
QFEX GOLD-USD
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
GRVT XAU_USDT_Perp
Lighter XAU
Lighter RH XAU
MEXC XAU_USDT
Binance XAUUSDT
Paradex XAU-USD-PERP
edgeX XAUUSDC
Aevo XAU-PERP
Pacifica XAU
ApeX Omni XAUUSDT
Polymarket Perps GOLD-USD
Phoenix GOLD
Deribit GOLD_USDC-PERPETUAL
Hotstuff GOLD-PERP
Bullet GOLD-USD
Bybit XAUUSDT
Phemex XAUUSDT
Bitget XAUUSDT
OKX XAU-USDT-SWAP
Kraken Futures PF_XAUUSD
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]
Bluefin GOLD-PERP
HTX XAU-USDT