XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0049%/8h= −5.4% APRpaid last 24h +0.022%

Price spread now: Polymarket Perps against Variational Omni+0.027%7-day average −0.073% · you sell dearer than you buy

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

Long on Variational Omni Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.023%+$2 on $10k

Price spread, last 7 days−0.087%−$9 · spread now +0.027%, 7d avg −0.073%

Together, before fees−0.065%+ Points / potential airdropVariational Omni: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.100% dearer against Variational Omni than usual: you sell high and buy low (spread +0.027% now, against its 7-day average of −0.073%): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XAU	4,336.1	0.0099	pay 0.0050% / 4h	3h 02m	$47.2M	$30.1M	—
Short	Polymarket Perps GOLD-USD	4,337.3	0.0050	get 0.0006% / 1h	2m 25s	$4.3M	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Variational Omni. 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 Variational OmnibpFee Polymarket PerpsbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$10.33
Price spread: +0.027% → −0.073%: $10.01
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$8.32
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Polymarket Perps: live order book, 2 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, 2 min ago	1.54 bp	doesn't fit	1.5 bp −$15	5.3 bp −$528	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	0.92 bp	4.9 bp −$5	6.0 bp −$60	6.7 bp −$674	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
SunX XAU-USDT	0.0000%	4h	4,341.2	+0.116%	$92K	$6.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,332.5	−0.083%	$275K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.330%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,332.8	−0.076%	$3.8M	$4.5M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,370.5	+0.793%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,336.1	0.000%	$6.6M	$3.1M	20x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,333.8	−0.053%	$292.6M	$55.3M	25x	as long as short
Polymarket Perps GOLD-USDshort	+0.0050%	1h	4,337.3	+0.027%	$4.3M	$1.7M	20x
Ondo Perps XAU-USD.P	+0.0050%	1h	4,333.3	−0.066%	$15.1M	$57.3M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,332.6	−0.081%	$2.0M	$5.2M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XAU-USD-PERP	+0.0059%	8h	4,336.8	+0.015%	$2K	$13K	5x	as long as short
Aster XAUUSD1	+0.0061%	4h	4,338.3	+0.051%	$74.5M	$272.9M	20x	as long as short
Lighter XAU	+0.0080%	1h	4,336.9	+0.017%	$20.2M	$30.7M	25x	as long as short
Phoenix GOLD	+0.0095%	1h	4,331.9	−0.097%	$43K	$86K	25x	as long as short
Lighter RH XAU	+0.0096%	1h	4,339.1	+0.070%	$19.9M	$41.4M	25x	as long as short
Extended XAU-USD	+0.0096%	1h	4,333.9	−0.051%	$12.7M	$36.1M	25x	as long as short
Hotstuff GOLD-PERP	+0.0096%	1h	4,335.4	−0.016%	$33K	—	25x	as long as short
Variational Omni XAUlong	+0.0099%	4h	4,336.1	long leg	$47.2M	$30.1M	—
Pacifica XAU	+0.0100%	1h	4,334.1	−0.046%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,334.7	−0.033%	$285K	$232K	50x	as long as short
Gate XAU_USDT	+0.0106%	4h	4,338.4	+0.053%	$299.5M	$446.8M	100x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,335.2	−0.022%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0118%	4h	4,337.3	+0.027%	$351.9M	$359.0M	1000x	as long as short
Binance XAUUSDT	+0.0118%	4h	4,336.9	+0.019%	$438.2M	$2.34B	100x	as long as short
Kalshi KXGOLDPERP	+0.0119%	24h	4,338.5	+0.055%	$3.5M	$48.4M	15x	as long as short
Bybit XAUUSDT	+0.0122%	4h	4,338.1	+0.045%	$81.4M	$167.7M	150x	as long as short
RISEx XAU/USDC	+0.0126%	1h	4,336.2	+0.001%	$4.6M	$13.6M	25x	as long as short
edgeX XAUUSDC	+0.0127%	4h	4,331.6	−0.105%	$30.3M	$64.7M	50x	as long as short
GRVT XAU_USDT_Perp	+0.0154%	4h	4,335.1	−0.023%	$1.4M	$3.0M	25x	as long as short
Bullet GOLD-USD	+0.0180%	1h	4,337.1	+0.022%	$59K	$77K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0188%	1h	4,335.7	−0.009%	$134K	$779K	25x	as long as short
Phemex XAUUSDT	+0.0189%	4h	4,337.4	+0.029%	$2.2M	$961K	100x	as long as short
Bitget XAUUSDT	+0.0198%	4h	4,337.8	+0.039%	$72.4M	$132.9M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0245%	8h	4,337.7	+0.037%	$171.2M	$354.0M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0326%	1h	4,333.3	−0.065%	$582K	$149K	25x	as long as short
BloFin XAU-USDT	+0.0360%	4h	4,337	+0.021%	$16.2M	$5.3M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0466% / S −0.0313%	1h	4,336.8	+0.017%	$256K	—	111x	as long as short
HTX XAU-USDT	+0.1105%	4h	4,342	+0.136%	$3.2M	$6.9M	75x	as long as short
Bluefin GOLD-PERP	+0.1395%	1h	4,331.4	−0.108%	$25K	$1K	20x	as long as short