Funding you earn now, next payment 08:00 UTC+0.0243%/8h= +26.6% APRnext payment +$1.21 per $10,000 · paid last 24h +0.124%
Price spread now: Phemex against Variational Omni+0.044%56s7-day average +0.042% · 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)+0.115%+$12 on $10k
+Price spread, last 4 days (all we have)+0.027%+$3 · spread now +0.044%, 7d avg +0.042%
=Together, before fees+0.142%+ Points / potential airdropVariational Omni: Active · farm board+$14 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.042%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni XAU | 4,322.6 | 0.0093 | pay 0.0047% / 4h | 1h 03m | $47.2M | $29.1M | — |
| Short | Phemex XAUUSDT | 4,324.5 | 0.0336 | get 0.0168% / 4h | 1h 03m | $2.2M | $976K | 100x |
Variational Omni XAU
Phemex XAUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $50.99
- Price spread: +0.044% → +0.042%
- $0.24
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $39.23
- Costs to cover
- 0.120%
- Break-even
- 1.6 days
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Phemex: live order book, 5 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, 1 min ago | 1.54 bp | doesn't fit | 1.6 bp −$16 | 4.3 bp −$429 | doesn't fit |
| Sell Phemex live order book, 5 min ago | 2.36 bp | 23.3 bp −$23 | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin GOLD-PERP | −0.0037% | 1h | 4,314.9 | −0.178% | $25K | $1K | 20x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,325.9 | +0.076% | $92K | $7.6M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,316.8 | −0.135% | $270K | — | 250x | as long as short |
| Bybit XAUUSDT | +0.0024% | 4h | 4,320.7 | −0.043% | $76.9M | $154.2M | 150x | as long as short |
| Hotstuff GOLD-PERP | +0.0032% | 1h | 4,317.6 | −0.115% | $32K | — | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.644% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,322.4 | −0.004% | $3.8M | $4.5M | 40x | as long as short |
| QFEX GOLD-USD | +0.0042% | 1h | 4,319.6 | −0.069% | $5.4M | $2.0M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,352.6 | +0.694% | — | $1.0M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,316.5 | −0.141% | $291.3M | $51.3M | 25x | as long as short |
Bluefin GOLD-PERP
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Bybit XAUUSDT
Hotstuff GOLD-PERP
Injective XAU/USDC PERP
StandX XAU-USD
QFEX GOLD-USD
Vest GC-PERP
tradeXYZ xyz:GOLDShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,316.2 | −0.147% | $15.0M | $55.7M | 25x | as long as short |
| Aster XAUUSD1 | +0.0058% | 4h | 4,321.4 | −0.028% | $72.6M | $273.5M | 20x | as long as short |
| Lighter XAU | +0.0064% | 1h | 4,319 | −0.082% | $20.3M | $30.8M | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0072% | 1h | 4,320.3 | −0.053% | $2.1M | $4.9M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0076% | 8h | 4,319.4 | −0.075% | $2K | $14K | 5x | as long as short |
| Kalshi KXGOLDPERP | +0.0083% | 24h | 4,322.5 | −0.002% | $3.8M | $44.1M | 15x | as long as short |
| Variational Omni XAUlong | +0.0093% | 4h | 4,322.6 | long leg | $47.2M | $29.1M | — | |
| GRVT XAU_USDT_Perp | +0.0094% | 4h | 4,322.1 | −0.012% | $1.4M | $3.0M | 25x | as long as short |
| MEXC XAU_USDT | +0.0098% | 4h | 4,320.4 | −0.051% | $364.3M | $336.4M | 1000x | as long as short |
| Binance XAUUSDT | +0.0099% | 4h | 4,320 | −0.059% | $423.2M | $2.14B | 100x | as long as short |
| Phoenix GOLD | +0.0100% | 1h | 4,320.6 | −0.046% | $47K | $79K | 25x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,317 | −0.129% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,320.4 | −0.051% | $272K | $208K | 50x | as long as short |
| Aevo XAU-PERP | +0.0104% | 1h | 4,319.9 | −0.063% | $160K | $87 | 10x | as long as short |
| Gate XAU_USDT | +0.0106% | 4h | 4,321.3 | −0.030% | $279.2M | $426.1M | 100x | as long as short |
| Lighter RH XAU | +0.0112% | 1h | 4,321.4 | −0.027% | $20.0M | $39.5M | 25x | as long as short |
| edgeX XAUUSDC | +0.0118% | 4h | 4,319.2 | −0.078% | $30.1M | $59.9M | 50x | as long as short |
| Extended XAU-USD | +0.0128% | 1h | 4,316.1 | −0.150% | $12.9M | $36.5M | 25x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0154% | 1h | 4,318.5 | −0.095% | $577K | $136K | 25x | as long as short |
| RISEx XAU/USDC | +0.0184% | 1h | 4,322.6 | +0.001% | $4.0M | $12.8M | 25x | as long as short |
| Bullet GOLD-USD | +0.0186% | 1h | 4,321.2 | −0.032% | $59K | $82K | 10x | as long as short |
| Bitget XAUUSDT | +0.0210% | 4h | 4,320.4 | −0.052% | $67.5M | $118.6M | 100x | as long as short |
| Polymarket Perps GOLD-USD | +0.0218% | 1h | 4,320.4 | −0.051% | $4.3M | $2.0M | 20x | as long as short |
| OKX XAU-USDT-SWAP | +0.0297% | 8h | 4,321.3 | −0.030% | $173.2M | $300.9M | 100x | as long as short |
| HTX XAU-USDT | +0.0311% | 4h | 4,327.6 | +0.116% | $3.2M | $5.8M | 75x | as long as short |
| Phemex XAUUSDTshort | +0.0336% | 4h | 4,324.5 | +0.044% | $2.2M | $976K | 100x | |
| BloFin XAU-USDT | +0.0339% | 4h | 4,322.3 | −0.006% | $16.3M | $4.6M | 100x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0352% | 1h | 4,319.9 | −0.062% | $190K | $840K | 25x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0462% / S −0.0307% | 1h | 4,320 | −0.059% | $252K | — | 111x | as long as short |
Ondo Perps XAU-USD.P
Aster XAUUSD1
Lighter XAU
Coinbase International GOLD-PERP-INTX
Paradex XAU-USD-PERP
Kalshi KXGOLDPERP
GRVT XAU_USDT_Perp
MEXC XAU_USDT
Binance XAUUSDT
Phoenix GOLD
Pacifica XAU
ApeX Omni XAUUSDT
Aevo XAU-PERP
Gate XAU_USDT
Lighter RH XAU
edgeX XAUUSDC
Extended XAU-USD
Kraken Futures PF_XAUUSD
RISEx XAU/USDC
Bullet GOLD-USD
Bitget XAUUSDT
Polymarket Perps GOLD-USD
OKX XAU-USDT-SWAP
HTX XAU-USDT
BloFin XAU-USDT
Deribit GOLD_USDC-PERPETUAL
GMX GOLD/USD [ETH-USDC]