Funding you earn now, next payment 09:00 UTC+0.0141%/8h= +15.5% APRnext payment +$0.18 per $10,000 · paid last 24h +0.061%
Price spread now: Deribit against Ondo Perps+0.037%7-day average +0.013% · 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)+0.735%+$74 on $10k
+Price spread, last 4 days (all we have)+0.115%+$12 · spread now +0.037%, 7d avg +0.013%
=Together, before fees+0.851%+ Points / potential airdropOndo Perps: Active · farm board+$85 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Deribit is 0.024% dearer against Ondo Perps than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.013%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps XAU-USD.P | 4,302.8 | 0.0050 | pay 0.0006% / 1h | 43m 09s | $15.0M | $55.7M | 25x |
| Short | Deribit GOLD_USDC-PERPETUAL | 4,304.4 | 0.0192 | get 0.0024% / 1h | 43m 09s | $134K | $882K | 25x |
Ondo Perps XAU-USD.P
Deribit GOLD_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Ondo Perps. 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
- $29.65
- Price spread: +0.037% → +0.013%
- $2.38
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $20.03
- Costs to cover
- 0.120%
- Break-even
- 2.3 days
Slippage unknown: Ondo Perps: no order-book sample; Deribit: live order book, 56 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 56 min ago | 0.12 bp | 8.4 bp −$8 | 9.4 bp −$94 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| SunX XAU-USDT | 0.0000% | 4h | 4,309.8 | +0.163% | $92K | $6.8M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,302.1 | −0.018% | $268K | — | 250x | as long as short |
| Hotstuff GOLD-PERP | +0.0016% | 1h | 4,308.7 | +0.137% | $32K | — | 25x | as long as short |
| Bybit XAUUSDT | +0.0027% | 4h | 4,306.5 | +0.086% | $76.9M | $157.3M | 150x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,302 | −0.018% | $13.0M | $36.2M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +1.106% | $619 | $54 | 52x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,338.4 | +0.827% | — | $1.0M | 25x | as long as short |
| QFEX GOLD-USD | +0.0046% | 1h | 4,305.8 | +0.069% | $6.6M | $3.2M | 20x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,302.4 | −0.010% | $290.8M | $54.5M | 25x | as long as short |
| Polymarket Perps GOLD-USD | +0.0050% | 1h | 4,303.3 | +0.011% | $4.3M | $1.8M | 20x | as long as short |
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Hotstuff GOLD-PERP
Bybit XAUUSDT
Extended XAU-USD
Injective XAU/USDC PERP
Vest GC-PERP
QFEX GOLD-USD
tradeXYZ xyz:GOLD
Polymarket Perps GOLD-USDShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAU-USD.Plong | +0.0050% | 1h | 4,302.8 | long leg | $15.0M | $55.7M | 25x | |
| Coinbase International GOLD-PERP-INTX | +0.0056% | 1h | 4,302 | −0.019% | $2.0M | $5.1M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0061% | 8h | 4,305.6 | +0.064% | $2K | $13K | 5x | as long as short |
| Aster XAUUSD1 | +0.0061% | 4h | 4,307.3 | +0.103% | $73.3M | $271.9M | 20x | as long as short |
| Lighter XAU | +0.0080% | 1h | 4,305.2 | +0.056% | $20.3M | $28.7M | 25x | as long as short |
| Lighter RH XAU | +0.0088% | 1h | 4,307.5 | +0.109% | $19.8M | $39.7M | 25x | as long as short |
| Phoenix GOLD | +0.0095% | 1h | 4,305.5 | +0.062% | $42K | $86K | 25x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,302.4 | −0.009% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,305.9 | +0.071% | $276K | $218K | 50x | as long as short |
| StandX XAU-USD | +0.0104% | 1h | 4,309.6 | +0.158% | $3.8M | $4.5M | 40x | as long as short |
| Variational Omni XAU | +0.0106% | 4h | 4,313.8 | +0.256% | $46.8M | $29.1M | — | as long as short |
| Kalshi KXGOLDPERP | +0.0107% | 24h | 4,308.3 | +0.127% | $3.7M | $46.3M | 15x | as long as short |
| Binance XAUUSDT | +0.0110% | 4h | 4,305.7 | +0.067% | $433.6M | $2.22B | 100x | as long as short |
| Gate XAU_USDT | +0.0112% | 4h | 4,308.2 | +0.125% | $295.3M | $424.3M | 100x | as long as short |
| MEXC XAU_USDT | +0.0112% | 4h | 4,306.2 | +0.079% | $360.8M | $335.2M | 1000x | as long as short |
| Aevo XAU-PERP | +0.0112% | 1h | 4,305.6 | +0.065% | $159K | $87 | 10x | as long as short |
| edgeX XAUUSDC | +0.0118% | 4h | 4,309.9 | +0.166% | $30.0M | $62.1M | 50x | as long as short |
| GRVT XAU_USDT_Perp | +0.0120% | 4h | 4,309.7 | +0.161% | $1.4M | $3.1M | 25x | as long as short |
| RISEx XAU/USDC | +0.0126% | 1h | 4,306.6 | +0.087% | $4.4M | $13.1M | 25x | as long as short |
| Bitget XAUUSDT | +0.0190% | 4h | 4,305.4 | +0.059% | $70.2M | $124.0M | 100x | as long as short |
| Deribit GOLD_USDC-PERPETUALshort | +0.0192% | 1h | 4,304.4 | +0.037% | $134K | $882K | 25x | |
| Bullet GOLD-USD | +0.0201% | 1h | 4,306.4 | +0.083% | $58K | $81K | 10x | as long as short |
| OKX XAU-USDT-SWAP | +0.0250% | 8h | 4,307 | +0.097% | $170.1M | $327.7M | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0328% | 1h | 4,303.3 | +0.011% | $572K | $138K | 25x | as long as short |
| BloFin XAU-USDT | +0.0398% | 4h | 4,306.2 | +0.079% | $16.1M | $5.0M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0466% / S −0.0314% | 1h | 4,306 | +0.074% | $255K | — | 111x | as long as short |
| Phemex XAUUSDT | +0.0776% | 4h | 4,309.8 | +0.163% | $2.2M | $951K | 100x | as long as short |
| HTX XAU-USDT | +0.1103% | 4h | 4,313.4 | +0.246% | $3.2M | $6.2M | 75x | as long as short |
| Bluefin GOLD-PERP | +0.4251% | 1h | 4,345.1 | +0.981% | $25K | $1K | 20x | as long as short |
Coinbase International GOLD-PERP-INTX
Paradex XAU-USD-PERP
Aster XAUUSD1
Lighter XAU
Lighter RH XAU
Phoenix GOLD
Pacifica XAU
ApeX Omni XAUUSDT
StandX XAU-USD
Variational Omni XAU
Kalshi KXGOLDPERP
Binance XAUUSDT
Gate XAU_USDT
MEXC XAU_USDT
Aevo XAU-PERP
edgeX XAUUSDC
GRVT XAU_USDT_Perp
RISEx XAU/USDC
Bitget XAUUSDT
Bullet GOLD-USD
OKX XAU-USDT-SWAP
Kraken Futures PF_XAUUSD
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]
Phemex XAUUSDT
HTX XAU-USDT
Bluefin GOLD-PERP