XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0136%/8h= −14.9% APRnext payment −$0.17 per $10,000 · paid last 24h −0.053%

Price spread now: Ondo Perps against Deribit−0.064%7-day average −0.009% · you buy dearer than you sell

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

Long on Deribit Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.716%−$72 on $10k

Price spread, last 3 days (all we have)+0.056%+$6 · spread now −0.064%, 7d avg −0.009%

Together, before fees−0.660%+ Points / potential airdropOndo Perps: Active · farm board−$66 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Ondo Perps is 0.055% cheaper against Deribit than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.009%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit GOLD_USDC-PERPETUAL	4,358.8	0.0186	pay 0.0023% / 1h	34m 32s	$235K	$662K	25x
Short	Ondo Perps XAU-USD.P	4,356	0.0050	get 0.0006% / 1h	34m 32s	$14.9M	$57.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Deribit. 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 DeribitbpFee Ondo PerpsbpOrdersPrice spread, now −0.064%Rate

Funding earned: −$28.49
Price spread: −0.064% → −0.009%: −$5.53
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$46.03
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 34 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 Deribit live order book, 34 min ago	0.12 bp	7.9 bp −$8	9.1 bp −$91	doesn't fit	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	4,357	−0.041%	$33K	—	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,360.1	+0.029%	$263.0M	$408.8M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,357.4	−0.032%	$4.1M	$36.3M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,364.1	+0.122%	$93K	$9.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,356.8	−0.045%	$270K	—	250x	as long as short
Aster XAUUSD1	+0.0004%	4h	4,359.5	+0.016%	$70.2M	$292.9M	20x	as long as short
Extended XAU-USD	+0.0032%	1h	4,355.4	−0.078%	$13.6M	$43.0M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.192%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,360.5	+0.039%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,394.1	+0.810%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XAU	+0.0048%	1h	4,358.3	−0.012%	$20.7M	$43.5M	25x	as long as short
Lighter RH XAU	+0.0048%	1h	4,361.7	+0.067%	$20.1M	$40.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,357.3	−0.034%	$294.2M	$48.4M	25x	as long as short
Ondo Perps XAU-USD.Pshort	+0.0050%	1h	4,356	−0.064%	$14.9M	$57.9M	25x
QFEX GOLD-USD	+0.0051%	1h	4,358.1	−0.016%	$5.6M	$1.9M	20x	as long as short
Polymarket Perps GOLD-USD	+0.0059%	1h	4,359.6	+0.018%	$4.3M	$1.9M	20x	as long as short
Variational Omni XAU	+0.0069%	4h	4,356.5	−0.053%	$48.3M	$28.4M	—	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,357.1	−0.039%	$2.0M	$5.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0082%	8h	4,359.2	+0.009%	$19K	$5K	5x	as long as short
edgeX XAUUSDC	+0.0084%	4h	4,350.2	−0.197%	$30.3M	$60.6M	50x	as long as short
MEXC XAU_USDT	+0.0086%	4h	4,358.7	−0.003%	$374.1M	$322.4M	1000x	as long as short
Binance XAUUSDT	+0.0088%	4h	4,359.9	+0.025%	$409.8M	$2.10B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,356	−0.064%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,352.6	−0.143%	$275K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,400.4	+0.954%	$26K	$14K	20x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,359.5	+0.017%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0121%	1h	4,355.1	−0.085%	$48K	$64K	25x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,359.3	+0.012%	$3.4M	$12.4M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0136%	4h	4,357.5	−0.030%	$1.4M	$2.9M	25x	as long as short
Bullet GOLD-USD	+0.0156%	1h	4,360	+0.028%	$59K	$83K	10x	as long as short
Bitget XAUUSDT	+0.0156%	4h	4,361	+0.051%	$69.3M	$109.8M	100x	as long as short
Bybit XAUUSDT	+0.0181%	4h	4,361.5	+0.062%	$84.2M	$143.7M	150x	as long as short
Deribit GOLD_USDC-PERPETUALlong	+0.0186%	1h	4,358.8	long leg	$235K	$662K	25x
OKX XAU-USDT-SWAP	+0.0227%	8h	4,361.8	+0.069%	$165.0M	$284.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,358	−0.019%	$594K	$141K	25x	as long as short
BloFin XAU-USDT	+0.0286%	4h	4,364.8	+0.138%	$15.5M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0349%	4h	4,361.3	+0.057%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0394% / S −0.0199%	1h	4,360.4	+0.037%	$253K	—	111x	as long as short
HTX XAU-USDT	+0.0521%	4h	4,363.9	+0.117%	$2.9M	$3.9M	75x	as long as short