Funding you earn now, next payment 08:00 UTC−0.0049%/8h= −5.4% APRpaid last 24h −0.018%
Price spread now: Ondo Perps against Variational Omni−0.214%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+0.163%+$16 · spread now −0.214%, 7d avg −0.124%
=Together, before fees+0.155%+ Points / potential airdropVariational Omni: Active · Ondo Perps: Active · farm board+$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Ondo Perps is 0.090% cheaper against Variational Omni than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.124%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni XAU | 4,316.5 | 0.0100 | pay 0.0050% / 4h | 7m 57s | $47.1M | $29.0M | — |
| Short | Ondo Perps XAU-USD.P | 4,307.2 | 0.0050 | get 0.0006% / 1h | 7m 57s | $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
- −$10.33
- Price spread: −0.214% → −0.124%
- −$8.99
- 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
- −$24.32
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 1 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, 1 min ago | 1.54 bp | doesn't fit | 1.7 bp −$17 | 3.5 bp −$353 | 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 | −0.0032% | 1h | 4,308.8 | −0.178% | $32K | — | 25x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,313.8 | −0.062% | $92K | $7.0M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,306.1 | −0.241% | $268K | — | 250x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.787% | $619 | $54 | 52x | as long as short |
| QFEX GOLD-USD | +0.0045% | 1h | 4,309.3 | −0.166% | $5.7M | $2.7M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,343.2 | +0.619% | — | $1.0M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,306.2 | −0.238% | $290.2M | $52.2M | 25x | as long as short |
| Ondo Perps XAU-USD.Pshort | +0.0050% | 1h | 4,307.2 | −0.214% | $15.0M | $55.3M | 25x | |
| Aster XAUUSD1 | +0.0057% | 4h | 4,309.4 | −0.165% | $72.8M | $271.9M | 20x | as long as short |
| Paradex XAU-USD-PERP | +0.0063% | 8h | 4,310.9 | −0.128% | $2K | $14K | 5x | as long as short |
Hotstuff GOLD-PERP
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Injective XAU/USDC PERP
QFEX GOLD-USD
Vest GC-PERP
tradeXYZ xyz:GOLD
Aster XAUUSD1
Paradex XAU-USD-PERPShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bluefin GOLD-PERP | +0.0063% | 1h | 4,305.1 | −0.264% | $25K | $1K | 20x | as long as short |
| Bybit XAUUSDT | +0.0069% | 4h | 4,308.3 | −0.189% | $77.4M | $154.7M | 150x | as long as short |
| Lighter XAU | +0.0072% | 1h | 4,308.9 | −0.175% | $20.2M | $30.2M | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0072% | 1h | 4,306.4 | −0.233% | $2.0M | $5.1M | 25x | as long as short |
| Phoenix GOLD | +0.0096% | 1h | 4,313.9 | −0.059% | $42K | $79K | 25x | as long as short |
| Kalshi KXGOLDPERP | +0.0099% | 24h | 4,312.9 | −0.083% | $3.7M | $45.2M | 15x | as long as short |
| Variational Omni XAUlong | +0.0100% | 4h | 4,316.5 | long leg | $47.1M | $29.0M | — | |
| Pacifica XAU | +0.0100% | 1h | 4,307.8 | −0.201% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,313.5 | −0.068% | $272K | $209K | 50x | as long as short |
| StandX XAU-USD | +0.0103% | 1h | 4,320 | +0.082% | $3.8M | $4.5M | 40x | as long as short |
| Lighter RH XAU | +0.0104% | 1h | 4,311.3 | −0.120% | $19.9M | $40.1M | 25x | as long as short |
| Extended XAU-USD | +0.0104% | 1h | 4,303.9 | −0.291% | $13.2M | $36.6M | 25x | as long as short |
| Binance XAUUSDT | +0.0110% | 4h | 4,307.9 | −0.200% | $428.6M | $2.15B | 100x | as long as short |
| MEXC XAU_USDT | +0.0110% | 4h | 4,309.8 | −0.155% | $359.9M | $338.0M | 1000x | as long as short |
| GRVT XAU_USDT_Perp | +0.0112% | 4h | 4,316.1 | −0.009% | $1.4M | $3.0M | 25x | as long as short |
| Aevo XAU-PERP | +0.0112% | 1h | 4,309.5 | −0.163% | $160K | $87 | 10x | as long as short |
| Gate XAU_USDT | +0.0116% | 4h | 4,310 | −0.149% | $285.1M | $429.2M | 100x | as long as short |
| edgeX XAUUSDC | +0.0127% | 4h | 4,313.1 | −0.077% | $30.0M | $59.8M | 50x | as long as short |
| Bitget XAUUSDT | +0.0190% | 4h | 4,306.9 | −0.223% | $70.2M | $120.6M | 100x | as long as short |
| Bullet GOLD-USD | +0.0199% | 1h | 4,310.7 | −0.134% | $59K | $81K | 10x | as long as short |
| Polymarket Perps GOLD-USD | +0.0221% | 1h | 4,311.1 | −0.124% | $4.3M | $1.8M | 20x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0228% | 1h | 4,307.5 | −0.208% | $573K | $138K | 25x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0261% | 1h | 4,308.6 | −0.182% | $136K | $864K | 25x | as long as short |
| OKX XAU-USDT-SWAP | +0.0264% | 8h | 4,307.9 | −0.198% | $175.2M | $304.3M | 100x | as long as short |
| BloFin XAU-USDT | +0.0350% | 4h | 4,312.8 | −0.086% | $16.5M | $4.9M | 100x | as long as short |
| Phemex XAUUSDT | +0.0432% | 4h | 4,313.4 | −0.071% | $2.2M | $949K | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0465% / S −0.0312% | 1h | 4,310.7 | −0.134% | $254K | — | 111x | as long as short |
| HTX XAU-USDT | +0.0537% | 4h | 4,318 | +0.036% | $3.2M | $6.1M | 75x | as long as short |
| RISEx XAU/USDC | +0.0643% | 1h | 4,310.6 | −0.137% | $4.5M | $13.1M | 25x | as long as short |
Bluefin GOLD-PERP
Bybit XAUUSDT
Lighter XAU
Coinbase International GOLD-PERP-INTX
Phoenix GOLD
Kalshi KXGOLDPERP
Pacifica XAU
ApeX Omni XAUUSDT
StandX XAU-USD
Lighter RH XAU
Extended XAU-USD
Binance XAUUSDT
MEXC XAU_USDT
GRVT XAU_USDT_Perp
Aevo XAU-PERP
Gate XAU_USDT
edgeX XAUUSDC
Bitget XAUUSDT
Bullet GOLD-USD
Polymarket Perps GOLD-USD
Kraken Futures PF_XAUUSD
Deribit GOLD_USDC-PERPETUAL
OKX XAU-USDT-SWAP
BloFin XAU-USDT
Phemex XAUUSDT
GMX GOLD/USD [ETH-USDC]
HTX XAU-USDT
RISEx XAU/USDC