XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0252%/8h= −27.6% APRnext payment −$1.26 per $10,000 · paid last 24h −0.110%

Price spread now: Variational Omni against Phemex−0.050%7-day average −0.041% · you buy dearer than you sell

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

Long on Phemex Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.107%−$11 on $10k

Price spread, last 3 days (all we have)−0.021%−$2 · spread now −0.050%, 7d avg −0.041%

Together, before fees−0.128%+ Points / potential airdropVariational Omni: Active · farm board−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.041%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex XAUUSDT	4,364.2	0.0291	pay 0.0146% / 4h	2h 58m	$2.2M	$1.1M	100x
Short	Variational Omni XAU	4,362	0.0040	get 0.0020% / 4h	2h 58m	$48.4M	$28.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Phemex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 PhemexbpFee Variational OmnibpOrdersPrice spread, now −0.050%Rate

Funding earned: −$52.85
Price spread: −0.050% → −0.041%: −$0.89
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$65.74
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 5 min ago; Variational Omni: RFQ quote, 1 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 Phemex live order book, 5 min ago	0.56 bp	28.2 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	1.55 bp	doesn't fit	1.6 bp −$16	4.5 bp −$448	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	−0.0167%	1h	4,355.4	−0.200%	$26K	$22K	20x	as long as short
Aster XAUUSD1	0.0000%	4h	4,365.6	+0.033%	$69.9M	$245.1M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,365.2	+0.023%	$264.8M	$400.4M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,360	−0.095%	$4.0M	$36.4M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,365.4	+0.028%	$93K	$10.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,357.4	−0.155%	$269K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0016%	1h	4,360.7	−0.079%	$33K	—	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,360.4	−0.086%	$13.5M	$43.5M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.315%	$619	$54	52x	as long as short
Variational Omni XAUshort	+0.0040%	4h	4,362	−0.050%	$48.4M	$28.5M	—

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAU-USD	+0.0040%	1h	4,363	−0.026%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,396.2	+0.734%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,360.3	−0.088%	$294.3M	$51.8M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,361	−0.072%	$4.3M	$1.8M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,360.7	−0.080%	$14.8M	$57.2M	25x	as long as short
QFEX GOLD-USD	+0.0051%	1h	4,363.7	−0.010%	$5.6M	$1.9M	20x	as long as short
Phoenix GOLD	+0.0055%	1h	4,359.6	−0.104%	$48K	$64K	25x	as long as short
Lighter XAU	+0.0056%	1h	4,363.4	−0.018%	$20.6M	$43.2M	25x	as long as short
MEXC XAU_USDT	+0.0060%	4h	4,364.6	+0.011%	$372.5M	$318.3M	1000x	as long as short
Binance XAUUSDT	+0.0062%	4h	4,364.9	+0.016%	$411.8M	$2.12B	100x	as long as short
edgeX XAUUSDC	+0.0063%	4h	4,356.5	−0.174%	$30.3M	$60.4M	50x	as long as short
Lighter RH XAU	+0.0064%	1h	4,365.8	+0.037%	$20.2M	$40.5M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,358.6	−0.127%	$2.0M	$5.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0088%	8h	4,363.9	−0.005%	$19K	$5K	5x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,360.8	−0.076%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,361	−0.072%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,359.2	−0.115%	$275K	$204K	50x	as long as short
Bitget XAUUSDT	+0.0114%	4h	4,364.7	+0.014%	$69.5M	$111.3M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0117%	1h	4,359.8	−0.100%	$235K	$659K	25x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,364.6	+0.011%	$3.4M	$12.4M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0152%	4h	4,362.3	−0.043%	$1.4M	$3.1M	25x	as long as short
Bullet GOLD-USD	+0.0155%	1h	4,362.6	−0.036%	$59K	$82K	10x	as long as short
Bybit XAUUSDT	+0.0195%	4h	4,365.3	+0.025%	$83.6M	$144.7M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0217%	8h	4,365.4	+0.029%	$164.3M	$286.5M	100x	as long as short
BloFin XAU-USDT	+0.0241%	4h	4,362.7	−0.032%	$15.4M	$4.6M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,358.7	−0.124%	$594K	$141K	25x	as long as short
Phemex XAUUSDTlong	+0.0291%	4h	4,364.2	long leg	$2.2M	$1.1M	100x
GMX GOLD/USD [ETH-USDC]	L +0.0394% / S −0.0199%	1h	4,361.5	−0.061%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.0558%	4h	4,368	+0.088%	$2.9M	$3.9M	75x	as long as short