Funding you earn now, next payment 08:00 UTC−0.0045%/8h= −4.9% APRpaid last 24h −0.018%
Price spread now: Ondo Perps against Variational Omni−0.094%7-day average −0.124% · 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)−0.008%−$1 on $10k
+Price spread, last 7 days+0.044%+$4 · spread now −0.094%, 7d avg −0.124%
=Together, before fees+0.036%+ Points / potential airdropVariational Omni: Active · Ondo Perps: Active · farm board+$4 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.030% dearer against Variational Omni than usual: you sell high and buy low (spread −0.094% now, against its 7-day average of −0.124%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.2 days. At the pace of the last 4 days (−0.008% in total) that is about 14 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni XAU | 4,317.1 | 0.0095 | pay 0.0048% / 4h | 20m 09s | $47.1M | $29.1M | — |
| Short | Ondo Perps XAU-USD.P | 4,313 | 0.0050 | get 0.0006% / 1h | 20m 09s | $15.0M | $55.3M | 25x |
Variational Omni XAU
Ondo Perps XAU-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps 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
- −$9.45
- Price spread: −0.094% → −0.124%
- $2.97
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$11.48
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 4 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 Variational Omni RFQ quote, 4 min ago | 1.55 bp | doesn't fit | 1.6 bp −$16 | 3.3 bp −$332 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff GOLD-PERP | 0.0000% | 1h | 4,312.8 | −0.100% | $32K | — | 25x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,321.5 | +0.102% | $92K | $7.2M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,312 | −0.119% | $269K | — | 250x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.772% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,319.3 | +0.051% | $3.8M | $4.5M | 40x | as long as short |
| QFEX GOLD-USD | +0.0045% | 1h | 4,315.5 | −0.037% | $5.4M | $2.0M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,349.1 | +0.741% | — | $1.0M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,313.8 | −0.077% | $290.9M | $51.4M | 25x | as long as short |
| Ondo Perps XAU-USD.Pshort | +0.0050% | 1h | 4,313 | −0.094% | $15.0M | $55.3M | 25x | |
| Aster XAUUSD1 | +0.0056% | 4h | 4,317.4 | +0.006% | $72.9M | $272.1M | 20x | as long as short |
Hotstuff GOLD-PERP
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Injective XAU/USDC PERP
StandX XAU-USD
QFEX GOLD-USD
Vest GC-PERP
tradeXYZ xyz:GOLD
Aster XAUUSD1Show all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit XAUUSDT | +0.0062% | 4h | 4,316.7 | −0.009% | $77.6M | $154.6M | 150x | as long as short |
| Paradex XAU-USD-PERP | +0.0064% | 8h | 4,316.7 | −0.010% | $2K | $14K | 5x | as long as short |
| Bluefin GOLD-PERP | +0.0070% | 1h | 4,310.3 | −0.158% | $25K | $1K | 20x | as long as short |
| Lighter XAU | +0.0072% | 1h | 4,315 | −0.050% | $20.3M | $30.0M | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0072% | 1h | 4,312.4 | −0.109% | $2.1M | $5.0M | 25x | as long as short |
| Variational Omni XAUlong | +0.0095% | 4h | 4,317.1 | long leg | $47.1M | $29.1M | — | |
| Kalshi KXGOLDPERP | +0.0096% | 24h | 4,318 | +0.021% | $3.6M | $45.0M | 15x | as long as short |
| Phoenix GOLD | +0.0096% | 1h | 4,315.6 | −0.035% | $42K | $79K | 25x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,313.3 | −0.088% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,315.5 | −0.037% | $272K | $209K | 50x | as long as short |
| Lighter RH XAU | +0.0104% | 1h | 4,317.4 | +0.006% | $19.9M | $39.7M | 25x | as long as short |
| MEXC XAU_USDT | +0.0104% | 4h | 4,316.2 | −0.022% | $364.3M | $334.4M | 1000x | as long as short |
| Aevo XAU-PERP | +0.0104% | 1h | 4,316.6 | −0.013% | $160K | $87 | 10x | as long as short |
| Binance XAUUSDT | +0.0106% | 4h | 4,316.2 | −0.021% | $425.9M | $2.16B | 100x | as long as short |
| Gate XAU_USDT | +0.0108% | 4h | 4,319.2 | +0.047% | $283.5M | $423.0M | 100x | as long as short |
| GRVT XAU_USDT_Perp | +0.0108% | 4h | 4,315.9 | −0.028% | $1.4M | $3.0M | 25x | as long as short |
| Extended XAU-USD | +0.0120% | 1h | 4,313.2 | −0.090% | $13.2M | $36.8M | 25x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0121% | 1h | 4,315.7 | −0.033% | $162K | $876K | 25x | as long as short |
| edgeX XAUUSDC | +0.0124% | 4h | 4,311.9 | −0.121% | $30.0M | $60.1M | 50x | as long as short |
| Bitget XAUUSDT | +0.0190% | 4h | 4,316.1 | −0.024% | $70.2M | $120.8M | 100x | as long as short |
| Bullet GOLD-USD | +0.0204% | 1h | 4,317.6 | +0.011% | $59K | $81K | 10x | as long as short |
| Polymarket Perps GOLD-USD | +0.0219% | 1h | 4,317.5 | +0.009% | $4.3M | $1.8M | 20x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0228% | 1h | 4,314.8 | −0.053% | $574K | $138K | 25x | as long as short |
| OKX XAU-USDT-SWAP | +0.0271% | 8h | 4,316.6 | −0.012% | $174.6M | $303.5M | 100x | as long as short |
| BloFin XAU-USDT | +0.0346% | 4h | 4,317.3 | +0.005% | $16.6M | $4.9M | 100x | as long as short |
| Phemex XAUUSDT | +0.0416% | 4h | 4,316.9 | −0.006% | $2.2M | $976K | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0465% / S −0.0311% | 1h | 4,316.2 | −0.020% | $254K | — | 111x | as long as short |
| HTX XAU-USDT | +0.0495% | 4h | 4,323.7 | +0.153% | $3.2M | $6.0M | 75x | as long as short |
| RISEx XAU/USDC | +0.0643% | 1h | 4,316.9 | −0.005% | $4.5M | $13.3M | 25x | as long as short |
Bybit XAUUSDT
Paradex XAU-USD-PERP
Bluefin GOLD-PERP
Lighter XAU
Coinbase International GOLD-PERP-INTX
Kalshi KXGOLDPERP
Phoenix GOLD
Pacifica XAU
ApeX Omni XAUUSDT
Lighter RH XAU
MEXC XAU_USDT
Aevo XAU-PERP
Binance XAUUSDT
Gate XAU_USDT
GRVT XAU_USDT_Perp
Extended XAU-USD
Deribit GOLD_USDC-PERPETUAL
edgeX XAUUSDC
Bitget XAUUSDT
Bullet GOLD-USD
Polymarket Perps GOLD-USD
Kraken Futures PF_XAUUSD
OKX XAU-USDT-SWAP
BloFin XAU-USDT
Phemex XAUUSDT
GMX GOLD/USD [ETH-USDC]
HTX XAU-USDT
RISEx XAU/USDC