Funding you earn now, next payment 02:00 UTC−0.0086%/8h= −9.4% APRnext payment −$0.11 per $10,000 · paid last 24h −0.020%
Price spread now: Ondo Perps against Phoenix−0.092%48s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.135%−$13 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Ondo Perps is 0.092% cheaper against Phoenix than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 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 | Phoenix GOLD | 4,347.8 | 0.0136 | pay 0.0017% / 1h | 46m 25s | $47K | $77K | 25x |
| Short | Ondo Perps XAU-USD.P | 4,343.8 | 0.0050 | get 0.0006% / 1h | 46m 25s | $15.1M | $57.7M | 25x |
Phoenix GOLD
Ondo Perps XAU-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Phoenix. 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
- −$17.99
- Price spread: −0.092% → 0.000%
- −$9.25
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$39.24
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Phoenix and 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 | −0.0016% | 1h | 4,344.4 | −0.078% | $33K | — | 25x | as long as short |
| Gate XAU_USDT | 0.0000% | 4h | 4,348.9 | +0.025% | $264.7M | $407.3M | 100x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,352.1 | +0.098% | $92K | $9.4M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,342.7 | −0.118% | $266K | — | 250x | as long as short |
| RISEx XAU/USDC | +0.0010% | 1h | 4,347.2 | −0.014% | $3.4M | $12.4M | 25x | as long as short |
| Bluefin GOLD-PERP | +0.0012% | 1h | 4,341.9 | −0.135% | $25K | $14K | 20x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,342.9 | −0.113% | $13.6M | $39.9M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.060% | $619 | $54 | 52x | as long as short |
| Kalshi KXGOLDPERP | +0.0037% | 24h | 4,345.1 | −0.062% | $4.2M | $36.4M | 15x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,348.3 | +0.012% | $3.8M | $4.6M | 40x | as long as short |
Hotstuff GOLD-PERP
Gate XAU_USDT
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
RISEx XAU/USDC
Bluefin GOLD-PERP
Extended XAU-USD
Injective XAU/USDC PERP
Kalshi KXGOLDPERP
StandX XAU-USDShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest GC-PERP | +0.0046% | 1h | 4,380.1 | +0.743% | — | $1.0M | 25x | as long as short |
| QFEX GOLD-USD | +0.0046% | 1h | 4,346.8 | −0.023% | $5.6M | $1.9M | 20x | as long as short |
| Aster XAUUSD1 | +0.0047% | 4h | 4,348.2 | +0.010% | $70.0M | $331.4M | 20x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0048% | 1h | 4,343.1 | −0.108% | $2.0M | $4.9M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,344.6 | −0.074% | $293.3M | $48.8M | 25x | as long as short |
| Ondo Perps XAU-USD.Pshort | +0.0050% | 1h | 4,343.8 | −0.092% | $15.1M | $57.7M | 25x | |
| Lighter XAU | +0.0056% | 1h | 4,345.8 | −0.047% | $20.6M | $41.9M | 25x | as long as short |
| Lighter RH XAU | +0.0080% | 1h | 4,348.4 | +0.015% | $20.1M | $39.4M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0085% | 8h | 4,346.7 | −0.026% | $19K | $5K | 5x | as long as short |
| Binance XAUUSDT | +0.0098% | 4h | 4,347.1 | −0.016% | $411.2M | $2.10B | 100x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,344.1 | −0.085% | $1.4M | $1.2M | 10x | as long as short |
| MEXC XAU_USDT | +0.0100% | 4h | 4,347.4 | −0.010% | $371.2M | $316.6M | 1000x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,344 | −0.087% | $274K | $203K | 50x | as long as short |
| Variational Omni XAU | +0.0102% | 4h | 4,347.9 | +0.002% | $48.3M | $27.9M | — | as long as short |
| Aevo XAU-PERP | +0.0104% | 1h | 4,346.6 | −0.028% | $161K | $87 | 10x | as long as short |
| GRVT XAU_USDT_Perp | +0.0118% | 4h | 4,349.4 | +0.038% | $1.4M | $3.0M | 25x | as long as short |
| Polymarket Perps GOLD-USD | +0.0118% | 1h | 4,346.4 | −0.032% | $4.3M | $1.9M | 20x | as long as short |
| edgeX XAUUSDC | +0.0126% | 4h | 4,342.6 | −0.120% | $30.2M | $58.9M | 50x | as long as short |
| Phoenix GOLDlong | +0.0136% | 1h | 4,347.8 | long leg | $47K | $77K | 25x | |
| Bybit XAUUSDT | +0.0201% | 4h | 4,348.2 | +0.010% | $84.3M | $145.1M | 150x | as long as short |
| Bitget XAUUSDT | +0.0208% | 4h | 4,347.5 | −0.007% | $69.6M | $109.3M | 100x | as long as short |
| Bullet GOLD-USD | +0.0210% | 1h | 4,347.4 | −0.009% | $58K | $83K | 10x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0233% | 1h | 4,345.8 | −0.046% | $259K | $704K | 25x | as long as short |
| OKX XAU-USDT-SWAP | +0.0248% | 8h | 4,347.9 | +0.002% | $164.3M | $282.4M | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0270% | 1h | 4,344.5 | −0.077% | $593K | $133K | 25x | as long as short |
| Phemex XAUUSDT | +0.0352% | 4h | 4,351 | +0.073% | $2.2M | $1.1M | 100x | as long as short |
| BloFin XAU-USDT | +0.0366% | 4h | 4,347.8 | 0.000% | — | $4.7M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0399% / S −0.0209% | 1h | 4,347.4 | −0.010% | $251K | — | 111x | as long as short |
| HTX XAU-USDT | +0.0580% | 4h | 4,353.1 | +0.122% | $2.8M | $4.2M | 75x | as long as short |
Vest GC-PERP
QFEX GOLD-USD
Aster XAUUSD1
Coinbase International GOLD-PERP-INTX
tradeXYZ xyz:GOLD
Lighter XAU
Lighter RH XAU
Paradex XAU-USD-PERP
Binance XAUUSDT
Pacifica XAU
MEXC XAU_USDT
ApeX Omni XAUUSDT
Variational Omni XAU
Aevo XAU-PERP
GRVT XAU_USDT_Perp
Polymarket Perps GOLD-USD
edgeX XAUUSDC
Bybit XAUUSDT
Bitget XAUUSDT
Bullet GOLD-USD
Deribit GOLD_USDC-PERPETUAL
OKX XAU-USDT-SWAP
Kraken Futures PF_XAUUSD
Phemex XAUUSDT
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]
HTX XAU-USDT