XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0183%/8h= −20.1% APRnext payment −$0.23 per $10,000 · paid last 24h −0.059%

Price spread now: Ondo Perps against Deribit−0.031%7-day average −0.010% · you buy dearer than you sell

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

Long on Deribit Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.724%−$72 on $10k

Price spread, last 4 days (all we have)−0.033%−$3 · spread now −0.031%, 7d avg −0.010%

Together, before fees−0.757%+ Points / potential airdropOndo Perps: Active · farm board−$76 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Ondo Perps is 0.021% cheaper against Deribit than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.010%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit GOLD_USDC-PERPETUAL	4,344.9	0.0234	pay 0.0029% / 1h	14m 38s	$206K	$824K	25x
Short	Ondo Perps XAU-USD.P	4,343.6	0.0050	get 0.0006% / 1h	14m 38s	$15.1M	$56.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 DeribitbpFee Ondo PerpsbpOrdersPrice spread, now −0.031%Rate

Funding earned: −$38.46
Price spread: −0.031% → −0.010%: −$2.12
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$52.58
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 44 min ago; 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 Deribit live order book, 44 min ago	0.12 bp	3.6 bp −$4	6.2 bp −$62	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

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
RISEx XAU/USDC	0.0000%	1h	4,347.3	+0.056%	$3.4M	$12.2M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,348.7	+0.086%	$265.3M	$416.6M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,350.8	+0.136%	$92K	$8.9M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,342.8	−0.049%	$272K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0016%	1h	4,343.8	−0.025%	$33K	—	25x	as long as short
Lighter XAU	+0.0032%	1h	4,346.2	+0.030%	$20.8M	$38.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,343.3	−0.037%	$13.2M	$38.3M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.127%	$619	$54	52x	as long as short
Lighter RH XAU	+0.0040%	1h	4,348.1	+0.073%	$20.1M	$39.3M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,350.7	+0.133%	$3.8M	$4.5M	40x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USD	+0.0041%	1h	4,345.7	+0.018%	$5.7M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,380.1	+0.810%	—	$1.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,346	+0.025%	$2.0M	$4.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0048%	24h	4,343.9	−0.023%	$4.2M	$37.4M	15x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,343.9	−0.023%	$293.8M	$49.0M	25x	as long as short
Ondo Perps XAU-USD.Pshort	+0.0050%	1h	4,343.6	−0.031%	$15.1M	$56.9M	25x
Aster XAUUSD1	+0.0059%	4h	4,347.5	+0.060%	$71.2M	$333.2M	20x	as long as short
Variational Omni XAU	+0.0075%	4h	4,349.4	+0.105%	$48.4M	$28.0M	—	as long as short
Paradex XAU-USD-PERP	+0.0080%	8h	4,347.4	+0.058%	$19K	$5K	5x	as long as short
MEXC XAU_USDT	+0.0088%	4h	4,347	+0.049%	$371.5M	$319.1M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0088%	4h	4,350.2	+0.122%	$1.4M	$2.9M	25x	as long as short
Binance XAUUSDT	+0.0089%	4h	4,347.2	+0.052%	$413.5M	$2.10B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,343.3	−0.037%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,348.6	+0.086%	$275K	$203K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,340.3	−0.106%	$25K	$14K	20x	as long as short
edgeX XAUUSDC	+0.0103%	4h	4,345.6	+0.016%	$30.2M	$58.2M	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,345.7	+0.017%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0142%	1h	4,349	+0.094%	$47K	$77K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0158%	1h	4,346.5	+0.037%	$4.3M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0185%	1h	4,346.5	+0.037%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0194%	1h	4,343.2	−0.039%	$592K	$132K	25x	as long as short
Bitget XAUUSDT	+0.0230%	4h	4,347.9	+0.070%	$70.0M	$109.4M	100x	as long as short
Deribit GOLD_USDC-PERPETUALlong	+0.0234%	1h	4,344.9	long leg	$206K	$824K	25x
Phemex XAUUSDT	+0.0234%	4h	4,349.5	+0.105%	$2.2M	$967K	100x	as long as short
Bybit XAUUSDT	+0.0240%	4h	4,348.5	+0.084%	$85.1M	$145.5M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0296%	8h	4,348.4	+0.081%	$165.3M	$282.1M	100x	as long as short
BloFin XAU-USDT	+0.0329%	4h	4,345.8	+0.021%	$15.6M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0417% / S −0.0237%	1h	4,346.5	+0.037%	$248K	—	111x	as long as short
HTX XAU-USDT	+0.0621%	4h	4,350.6	+0.131%	$2.8M	$4.5M	75x	as long as short