Funding you earn now, next payment 08:00 UTC−0.0101%/8h= −11.0% APRnext payment −$0.50 per $10,000 · paid last 24h +0.002%
Price spread now: Bybit against Variational Omni−0.119%7-day average +0.024% · 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)+0.005%$0 on $10k
+Price spread, last 7 days+0.146%+$15 · spread now −0.119%, 7d avg +0.024%
=Together, before fees+0.150%+ Points / potential airdropVariational Omni: Active · farm board+$15 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.143% cheaper against Variational Omni than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.024%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni XAU | 4,334.6 | 0.0101 | pay 0.0050% / 4h | 2h 02m | $46.8M | $28.7M | — |
| Short | Bybit XAUUSDT | 4,329.4 | 0 | get 0.0000% / 4h | 2h 02m | $78.2M | $156.7M | 150x |
Variational Omni XAU
Bybit XAUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$21.16
- Price spread: −0.119% → +0.024%
- −$14.29
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$46.44
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Bybit: live order book, 2 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 Variational Omni RFQ quote, 2 min ago | 1.55 bp | doesn't fit | 1.5 bp −$15 | 4.2 bp −$418 | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.01 bp | 6.2 bp −$6 | 6.9 bp −$69 | 10.1 bp −$1,011 | 33.0 bp −$16.5K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit XAUUSDTshort | 0.0000% | 4h | 4,329.4 | −0.119% | $78.2M | $156.7M | 150x | |
| SunX XAU-USDT | 0.0000% | 4h | 4,332.6 | −0.047% | $92K | $8.1M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,325.4 | −0.212% | $271K | — | 250x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,325.2 | −0.216% | $13.1M | $36.7M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.365% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,333.5 | −0.025% | $3.8M | $4.5M | 40x | as long as short |
| QFEX GOLD-USD | +0.0044% | 1h | 4,328.5 | −0.140% | $5.4M | $2.1M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,362.1 | +0.635% | — | $1.0M | 25x | as long as short |
| Lighter XAU | +0.0048% | 1h | 4,328.1 | −0.149% | $20.4M | $31.9M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,325.9 | −0.200% | $291.8M | $51.6M | 25x | as long as short |
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Extended XAU-USD
Injective XAU/USDC PERP
StandX XAU-USD
QFEX GOLD-USD
Vest GC-PERP
Lighter XAU
tradeXYZ xyz:GOLDShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,325.4 | −0.213% | $15.0M | $56.4M | 25x | as long as short |
| RISEx XAU/USDC | +0.0054% | 1h | 4,330.4 | −0.097% | $3.8M | $12.5M | 25x | as long as short |
| Gate XAU_USDT | +0.0060% | 4h | 4,330.8 | −0.088% | $269.6M | $420.2M | 100x | as long as short |
| Hotstuff GOLD-PERP | +0.0064% | 1h | 4,328.8 | −0.133% | $32K | — | 25x | as long as short |
| Kalshi KXGOLDPERP | +0.0065% | 24h | 4,329.8 | −0.110% | $4.0M | $42.3M | 15x | as long as short |
| Paradex XAU-USD-PERP | +0.0069% | 8h | 4,329.4 | −0.120% | $19K | $5K | 5x | as long as short |
| Lighter RH XAU | +0.0072% | 1h | 4,330.3 | −0.098% | $19.8M | $39.1M | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0072% | 1h | 4,325.1 | −0.219% | $2.0M | $4.8M | 25x | as long as short |
| Aster XAUUSD1 | +0.0088% | 4h | 4,330.5 | −0.095% | $72.3M | $329.5M | 20x | as long as short |
| GRVT XAU_USDT_Perp | +0.0098% | 4h | 4,336.1 | +0.034% | $1.4M | $3.0M | 25x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,325.9 | −0.201% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,330.6 | −0.092% | $273K | $208K | 50x | as long as short |
| Bluefin GOLD-PERP | +0.0100% | 1h | 4,322.8 | −0.271% | $25K | $14K | 20x | as long as short |
| Binance XAUUSDT | +0.0100% | 4h | 4,328.8 | −0.133% | $413.8M | $2.12B | 100x | as long as short |
| Variational Omni XAUlong | +0.0101% | 4h | 4,334.6 | long leg | $46.8M | $28.7M | — | |
| MEXC XAU_USDT | +0.0102% | 4h | 4,328.9 | −0.130% | $364.3M | $331.7M | 1000x | as long as short |
| Aevo XAU-PERP | +0.0104% | 1h | 4,328.3 | −0.146% | $160K | $87 | 10x | as long as short |
| edgeX XAUUSDC | +0.0112% | 4h | 4,330.1 | −0.102% | $30.1M | $60.5M | 50x | as long as short |
| Phoenix GOLD | +0.0127% | 1h | 4,332.8 | −0.041% | $47K | $77K | 25x | as long as short |
| Bullet GOLD-USD | +0.0157% | 1h | 4,329 | −0.129% | $59K | $82K | 10x | as long as short |
| Polymarket Perps GOLD-USD | +0.0173% | 1h | 4,328.9 | −0.131% | $4.2M | $2.0M | 20x | as long as short |
| HTX XAU-USDT | +0.0200% | 4h | 4,331.9 | −0.062% | $2.8M | $5.0M | 75x | as long as short |
| Bitget XAUUSDT | +0.0240% | 4h | 4,328.9 | −0.131% | $68.0M | $118.9M | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0248% | 1h | 4,325.9 | −0.200% | $589K | $130K | 25x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0282% | 1h | 4,328.1 | −0.150% | $195K | $826K | 25x | as long as short |
| OKX XAU-USDT-SWAP | +0.0322% | 8h | 4,329.6 | −0.115% | $170.6M | $297.2M | 100x | as long as short |
| BloFin XAU-USDT | +0.0363% | 4h | 4,328.9 | −0.131% | $16.0M | $4.5M | 100x | as long as short |
| Phemex XAUUSDT | +0.0393% | 4h | 4,331.6 | −0.069% | $2.2M | $962K | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0462% / S −0.0306% | 1h | 4,328.8 | −0.133% | $253K | — | 111x | as long as short |
Ondo Perps XAU-USD.P
RISEx XAU/USDC
Gate XAU_USDT
Hotstuff GOLD-PERP
Kalshi KXGOLDPERP
Paradex XAU-USD-PERP
Lighter RH XAU
Coinbase International GOLD-PERP-INTX
Aster XAUUSD1
GRVT XAU_USDT_Perp
Pacifica XAU
ApeX Omni XAUUSDT
Bluefin GOLD-PERP
Binance XAUUSDT
MEXC XAU_USDT
Aevo XAU-PERP
edgeX XAUUSDC
Phoenix GOLD
Bullet GOLD-USD
Polymarket Perps GOLD-USD
HTX XAU-USDT
Bitget XAUUSDT
Kraken Futures PF_XAUUSD
Deribit GOLD_USDC-PERPETUAL
OKX XAU-USDT-SWAP
BloFin XAU-USDT
Phemex XAUUSDT
GMX GOLD/USD [ETH-USDC]