Funding you earn now, next payment 12:00 UTC+0.0057%/8h= +6.3% APRpaid last 24h −0.028%
Price spread now: Kalshi against Variational Omni+0.009%7-day average −0.094% · 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)−0.082%−$8 on $10k
+Price spread, last 7 days−0.090%−$9 · spread now +0.009%, 7d avg −0.094%
=Together, before fees−0.172%+ Points / potential airdropVariational Omni: Active · farm board−$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Kalshi is 0.103% dearer against Variational Omni than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.094%. Mind the row above: over the last 4 days funding on this pair cost −0.082%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni XAU | 4,338.5 | 0.0079 | pay 0.0039% / 4h | 1h 49m | $47.3M | $29.2M | — |
| Short | Kalshi KXGOLDPERP | 4,338.9 | 0.0136 | get 0.0408% / 24h | 3h 49m | $3.5M | $51.0M | 15x |
Variational Omni XAU
Kalshi KXGOLDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Variational Omni. 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
- $12.03
- Price spread: +0.009% → −0.094%
- $10.32
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- $12.35
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Kalshi: live order book, 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 Variational Omni RFQ quote, 3 min ago | 1.54 bp | doesn't fit | 1.5 bp −$15 | 3.0 bp −$304 | doesn't fit |
| Sell Kalshi live order book, 3 min ago | 0.12 bp | 6.4 bp −$6 | 7.3 bp −$73 | 11.3 bp −$1,133 | doesn't fit |
XAU on 39 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff GOLD-PERP | −3.0304% | 1h | 4,318.3 | −0.466% | $32K | — | 25x | as long as short |
| Bluefin GOLD-PERP | −0.0061% | 1h | 4,331.9 | −0.152% | $25K | $1K | 20x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,341.9 | +0.078% | $92K | $6.0M | 20x | as long as short |
| Coinbase International GOLD-PERP-INTX | 0.0000% | 1h | 4,333.5 | −0.115% | $2.1M | $5.3M | 25x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,334.1 | −0.103% | $274K | — | 250x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.275% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,340.8 | +0.053% | $3.8M | $4.5M | 40x | as long as short |
| QFEX GOLD-USD | +0.0041% | 1h | 4,336.1 | −0.056% | $6.7M | $3.2M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,371.4 | +0.758% | — | $1.0M | 25x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0050% | 1h | 4,336.2 | −0.053% | $135K | $707K | 25x | as long as short |
Hotstuff GOLD-PERP
Bluefin GOLD-PERP
SunX XAU-USDT
Coinbase International GOLD-PERP-INTX
gTrade (Gains Network) XAU/USD
Injective XAU/USDC PERP
StandX XAU-USD
QFEX GOLD-USD
Vest GC-PERP
Deribit GOLD_USDC-PERPETUALShow all 39 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,334.5 | −0.092% | $292.6M | $51.5M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,332.9 | −0.130% | $15.1M | $59.4M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0054% | 8h | 4,336.6 | −0.045% | $2K | $13K | 5x | as long as short |
| Polymarket Perps GOLD-USD | +0.0059% | 1h | 4,336.8 | −0.039% | $4.3M | $1.7M | 20x | as long as short |
| Aster XAUUSD1 | +0.0062% | 4h | 4,339 | +0.012% | $72.6M | $276.0M | 20x | as long as short |
| Variational Omni XAUlong | +0.0079% | 4h | 4,338.5 | long leg | $47.3M | $29.2M | — | |
| Lighter XAU | +0.0080% | 1h | 4,337.2 | −0.030% | $20.2M | $30.3M | 25x | as long as short |
| Gate XAU_USDT | +0.0086% | 4h | 4,339 | +0.010% | $299.1M | $443.3M | 100x | as long as short |
| Lighter RH XAU | +0.0088% | 1h | 4,339.4 | +0.021% | $19.7M | $39.9M | 25x | as long as short |
| MEXC XAU_USDT | +0.0098% | 4h | 4,337.7 | −0.019% | $367.1M | $352.0M | 1000x | as long as short |
| Binance XAUUSDT | +0.0099% | 4h | 4,337.6 | −0.020% | $443.8M | $2.43B | 100x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,333.4 | −0.118% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,336.2 | −0.054% | $285K | $223K | 50x | as long as short |
| GRVT XAU_USDT_Perp | +0.0102% | 4h | 4,338.3 | −0.005% | $1.4M | $3.1M | 25x | as long as short |
| Aevo XAU-PERP | +0.0104% | 1h | 4,336.8 | −0.040% | $161K | $87 | 10x | as long as short |
| edgeX XAUUSDC | +0.0118% | 4h | 4,335.5 | −0.070% | $30.3M | $67.5M | 50x | as long as short |
| Extended XAU-USD | +0.0120% | 1h | 4,334 | −0.104% | $12.5M | $34.7M | 25x | as long as short |
| Bybit XAUUSDT | +0.0123% | 4h | 4,339 | +0.010% | $82.5M | $172.8M | 150x | as long as short |
| Phoenix GOLD | +0.0127% | 1h | 4,335.4 | −0.072% | $43K | $71K | 25x | as long as short |
| Kalshi KXGOLDPERPshort | +0.0136% | 24h | 4,338.9 | +0.009% | $3.5M | $51.0M | 15x | |
| Bullet GOLD-USD | +0.0170% | 1h | 4,338 | −0.011% | $59K | $76K | 10x | as long as short |
| RISEx XAU/USDC | +0.0205% | 1h | 4,337.6 | −0.022% | $4.7M | $13.2M | 25x | as long as short |
| Phemex XAUUSDT | +0.0213% | 4h | 4,340.3 | +0.042% | $2.3M | $784K | 100x | as long as short |
| Bitget XAUUSDT | +0.0214% | 4h | 4,337.5 | −0.023% | $72.9M | $139.8M | 100x | as long as short |
| OKX XAU-USDT-SWAP | +0.0238% | 8h | 4,339.1 | +0.014% | $170.7M | $361.9M | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0253% | 1h | 4,334.7 | −0.088% | $584K | $169K | 25x | as long as short |
| BloFin XAU-USDT | +0.0339% | 4h | 4,337.8 | −0.016% | $16.3M | $5.3M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0461% / S −0.0308% | 1h | 4,340.3 | +0.042% | $254K | — | 111x | as long as short |
| HTX XAU-USDT | +0.1089% | 4h | 4,344.4 | +0.136% | $3.2M | $7.1M | 75x | as long as short |
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
Paradex XAU-USD-PERP
Polymarket Perps GOLD-USD
Aster XAUUSD1
Lighter XAU
Gate XAU_USDT
Lighter RH XAU
MEXC XAU_USDT
Binance XAUUSDT
Pacifica XAU
ApeX Omni XAUUSDT
GRVT XAU_USDT_Perp
Aevo XAU-PERP
edgeX XAUUSDC
Extended XAU-USD
Bybit XAUUSDT
Phoenix GOLD
Bullet GOLD-USD
RISEx XAU/USDC
Phemex XAUUSDT
Bitget XAUUSDT
OKX XAU-USDT-SWAP
Kraken Futures PF_XAUUSD
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]
HTX XAU-USDT