Funding you earn now, next payment 11:00 UTC−0.0042%/8h= −4.6% APRpaid last 24h +0.189%
Price spread now: Bluefin against Variational Omni−0.133%47s7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bluefin is 0.133% cheaper against Variational Omni than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 47 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 | Variational Omni XAU | 4,333.5 | 0.0064 | pay 0.0032% / 4h | 1h 26m | $47.3M | $28.7M | — |
| Short | Bluefin GOLD-PERP | 4,327.8 | 0.0022 | get 0.0003% / 1h | 26m 39s | $25K | $1K | 20x |
Variational Omni XAU
Bluefin GOLD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bluefin 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
- −$8.86
- Price spread: −0.133% → 0.000%
- −$13.28
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Net
- −$29.14
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Bluefin: 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 | 1.55 bp | doesn't fit | 2.4 bp −$24 | 6.4 bp −$644 | doesn't fit |
| Sell Bluefin no order-book sample | — | — | — | — | — |
Bluefin: 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 exchanges
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 | −3.2000% | 1h | 4,329.9 | −0.083% | $32K | — | 25x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,336.8 | +0.075% | $92K | $5.8M | 20x | as long as short |
| Coinbase International GOLD-PERP-INTX | 0.0000% | 1h | 4,330.5 | −0.069% | $2.1M | $5.0M | 25x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,330.4 | −0.071% | $304K | — | 250x | as long as short |
| Bluefin GOLD-PERPshort | +0.0022% | 1h | 4,327.8 | −0.133% | $25K | $1K | 20x | |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.390% | $619 | $54 | 52x | as long as short |
| Aster XAUUSD1 | +0.0038% | 4h | 4,334.7 | +0.028% | $72.1M | $276.2M | 20x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,334.9 | +0.032% | $3.8M | $4.5M | 40x | as long as short |
| QFEX GOLD-USD | +0.0041% | 1h | 4,332.3 | −0.028% | $6.7M | $3.2M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,366.8 | +0.768% | — | $1.0M | 25x | as long as short |
Hotstuff GOLD-PERP
SunX XAU-USDT
Coinbase International GOLD-PERP-INTX
gTrade (Gains Network) XAU/USD
Injective XAU/USDC PERP
Aster XAUUSD1
StandX XAU-USD
QFEX GOLD-USD
Vest GC-PERPShow all 39 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,330.7 | −0.065% | $292.7M | $51.7M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,328.6 | −0.114% | $15.2M | $59.8M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0053% | 8h | 4,332.6 | −0.021% | $2K | $13K | 5x | as long as short |
| Variational Omni XAUlong | +0.0064% | 4h | 4,333.5 | long leg | $47.3M | $28.7M | — | |
| Lighter XAU | +0.0072% | 1h | 4,332.7 | −0.018% | $20.1M | $30.5M | 25x | as long as short |
| Gate XAU_USDT | +0.0076% | 4h | 4,334.8 | +0.030% | $298.0M | $447.8M | 100x | as long as short |
| MEXC XAU_USDT | +0.0078% | 4h | 4,333.4 | −0.002% | $368.3M | $355.5M | 1000x | as long as short |
| GRVT XAU_USDT_Perp | +0.0078% | 4h | 4,334.1 | +0.014% | $1.4M | $3.1M | 25x | as long as short |
| Binance XAUUSDT | +0.0079% | 4h | 4,333.2 | −0.008% | $441.3M | $2.43B | 100x | as long as short |
| edgeX XAUUSDC | +0.0082% | 4h | 4,330.2 | −0.075% | $30.3M | $66.5M | 50x | as long as short |
| Lighter RH XAU | +0.0096% | 1h | 4,335.4 | +0.043% | $19.6M | $40.0M | 25x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0096% | 1h | 4,331.1 | −0.056% | $135K | $708K | 25x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,330.4 | −0.073% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,329.9 | −0.084% | $287K | $227K | 50x | as long as short |
| Aevo XAU-PERP | +0.0104% | 1h | 4,331.9 | −0.038% | $160K | $87 | 10x | as long as short |
| Polymarket Perps GOLD-USD | +0.0118% | 1h | 4,333.2 | −0.007% | $4.3M | $1.7M | 20x | as long as short |
| Phoenix GOLD | +0.0127% | 1h | 4,332 | −0.035% | $43K | $71K | 25x | as long as short |
| Bybit XAUUSDT | +0.0127% | 4h | 4,334.6 | +0.025% | $82.7M | $169.3M | 150x | as long as short |
| Kalshi KXGOLDPERP | +0.0140% | 24h | 4,335 | +0.034% | $3.5M | $51.2M | 15x | as long as short |
| Extended XAU-USD | +0.0144% | 1h | 4,329.8 | −0.086% | $12.5M | $34.5M | 25x | as long as short |
| Bullet GOLD-USD | +0.0159% | 1h | 4,333 | −0.012% | $59K | $77K | 10x | as long as short |
| Bitget XAUUSDT | +0.0196% | 4h | 4,333.1 | −0.009% | $72.5M | $140.0M | 100x | as long as short |
| Phemex XAUUSDT | +0.0199% | 4h | 4,335.5 | +0.047% | $2.3M | $777K | 100x | as long as short |
| RISEx XAU/USDC | +0.0205% | 1h | 4,334.1 | +0.013% | $4.7M | $13.2M | 25x | as long as short |
| OKX XAU-USDT-SWAP | +0.0232% | 8h | 4,334.2 | +0.016% | $170.7M | $361.4M | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0253% | 1h | 4,330.2 | −0.076% | $583K | $167K | 25x | as long as short |
| BloFin XAU-USDT | +0.0318% | 4h | 4,334.3 | +0.018% | $16.4M | $5.3M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0461% / S −0.0308% | 1h | 4,332.9 | −0.014% | $253K | — | 111x | as long as short |
| HTX XAU-USDT | +0.1044% | 4h | 4,340.1 | +0.152% | $3.2M | $7.1M | 75x | as long as short |
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
Paradex XAU-USD-PERP
Lighter XAU
Gate XAU_USDT
MEXC XAU_USDT
GRVT XAU_USDT_Perp
Binance XAUUSDT
edgeX XAUUSDC
Lighter RH XAU
Deribit GOLD_USDC-PERPETUAL
Pacifica XAU
ApeX Omni XAUUSDT
Aevo XAU-PERP
Polymarket Perps GOLD-USD
Phoenix GOLD
Bybit XAUUSDT
Kalshi KXGOLDPERP
Extended XAU-USD
Bullet GOLD-USD
Bitget XAUUSDT
Phemex XAUUSDT
RISEx XAU/USDC
OKX XAU-USDT-SWAP
Kraken Futures PF_XAUUSD
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]
HTX XAU-USDT