Different markets. Different modes. One Vesper.
Our most advanced market-making mode for Ondo. AURUM brings market-aware execution and a cosmic interface to Vesper, on your own account. EXITE, Argent and Cypher solve different execution problems. This guide compares their venues, entry decisions and accounting boundaries so you can choose the correct setup guide—not mistake a shared interface for a shared strategy.
The mode map
Vesper is the trading software; Entropy, Ondo, Arcus and QFEX are venue integrations. EXITE belongs to Entropy, Argent to Ondo and Cypher to Arcus. QFEX currently uses Risk core. A venue listing does not establish that a particular market is enabled for your account.
The table is a navigation map, not a performance ranking. Availability, permitted order size and leverage must be checked in the current interface. These are perpetual-contract workflows, not purchases of the underlying stock or physical gold.
| Check | AURUM · Ondo | EXITE · Entropy | Argent · Ondo | Cypher · Arcus | Risk core · QFEX |
|---|---|---|---|---|---|
| Documented market scope | XAU / US500 | io:ANTH / io:SNDK | Gold / S&P 500 | Check current Arcus market | SNDK-USD |
| Decision workflow | Event-driven execution | Condition-gated entry | Ondo execution workflow | Arcus entry filters | QFEX Risk core |
| Accounting caution | Check venue charges | Check venue charges | Check venue charges | Check venue charges | Cycle estimate before fees/funding |
| Before changing | Signed Stop + flat/orderless | Signed Stop + flat/orderless | Signed Stop + flat/orderless | Signed Stop + flat/orderless | Signed Stop + account verification |
AURUM · Ondo
Our most advanced market-making mode for Ondo. AURUM brings market-aware execution and a cosmic interface to Vesper, on your own account.
AURUM is the new flagship Ondo mode. Argent remains a separately documented Ondo workflow; its existing guide is retained for users of that mode. AURUM’s introduction is not an instruction to migrate a running Argent session.
EXITE on Entropy: ANTH and SNDK
EXITE is a condition-gated market-making mode. It evaluates conditions before placing entry quotes rather than quoting continuously. Waiting may reduce turnover; it is not proof of a fault or a promise of lower costs. A filled quote still creates inventory and exposure to adverse price moves.
The reviewed public EXITE selector v7 lists io:ANTH and io:SNDK. A market is selectable only when its catalog allows manual selection and entries. Disabled or unavailable options must not be treated as tradable. Stop an existing Entropy session and verify flat positions and no bot orders before switching. Read the EXITE setup guide for saved settings, signatures and cost checks.
Argent on Ondo: a separate workflow
Argent is the Ondo mode documented for gold and S&P 500 perpetual markets. Its sizing and execution workflow belong to that integration; EXITE’s market selector and entry filters are not Argent settings. Start with the Argent guide and verify the exact market identifier in your current account.
Market hours, liquidity, collateral and fills can differ from Entropy. A gold or index reference does not remove inventory risk. The guides’ screenshots and preset numbers illustrate a reviewed release, not a recommendation to fund an account or use a particular leverage.
Cypher on Arcus: entry conditions are not exits
Cypher is the Arcus strategy documented with entry filters, execution checks and session controls. Its guide explains why a session may wait and how to distinguish blocked entries from cleanup. An entry veto does not certify that an already-filled position has closed.
Use the Cypher guide for the actual Arcus workflow. Do not import EXITE thresholds, Argent presets or assumptions about another venue’s fees. A market available on Arcus is not automatically supported by every Vesper mode.
SNDK on QFEX is not SNDK on Entropy
QFEX SNDK-USD with Risk core and Entropy io:SNDK with EXITE are different integrations. The QFEX guide documents a dedicated single-account API key, separate settings and wallet-signed Vesper controls. An Entropy agent approval does not authorize QFEX, and a QFEX key does not authorize Entropy.
The reviewed QFEX card reports a cycle estimate excluding fees and funding. Compare it only after reconciling actual charges and any remaining position. Read the QFEX guide instead of reusing an EXITE connection walkthrough.
Compare costs on the same basis
Net cost per million is −net realised P&L ÷ filled turnover × 1,000,000, when net P&L includes the stated fees and funding. Document the period, closed-cycle rules, open inventory and fee coverage. A lower number is favourable on that same basis; a partial cycle estimate is not reconciled account profit.
Read the selected mode’s guide and review the actual wallet authorization before signing. Venue fees, funding and trading risks depend on your account and market.
Change modes deliberately
Read the relevant venue guide, check eligibility and inspect the saved market and size before signing Start. Save is not Start; a wallet connection is not a running session. A waiting card is not a reason to increase leverage or launch another session.
For a change of market or mode, sign Stop for the existing session, wait for cleanup and independently verify that the relevant exposure is flat and its bot orders are gone. Closing the browser, revoking a credential or seeing an accepted Stop request is not that verification. Keep private keys, API secrets and wallet addresses out of support screenshots.
What this comparison establishes
Historical review (2026-09-29): public Vesper guides and EXITE market-selector v7. AURUM facts were checked separately (2026-10-03) against the public AURUM guide. This is public product education, not an engine audit, an account-availability guarantee or investment advice. It makes no claim of a target CPM, expected return, win rate or autonomous learning.
For Hyperliquid-based workflows, balances depend on the account abstraction mode; do not assume a universal Perps → Spot → IO transfer path. Consult the official account-mode documentation. Exchange rules and current wallet requests take precedence over historical screenshots.
Questions
Does EXITE support SNDK?
The reviewed public selector lists io:ANTH and io:SNDK for EXITE on Entropy. Selection and entry depend on current catalog permissions; an enabled button does not guarantee fills or profitability.
Which Vesper mode should I use for Ondo or Arcus?
Argent is documented for Ondo and Cypher for Arcus. Choose by venue, supported market, authorization and risk requirements—not an unverified ranking of returns.
Are all Vesper CPM values comparable?
No. Periods, fee coverage, cycle definitions and open positions must match. QFEX’s reviewed cycle estimate excludes fees and funding; reconcile charges before comparing it with net CPM.
Does switching mode close a position?
No. Complete a signed Stop and verify the selected venue account is flat and the bot has no outstanding orders before switching. A saved setting is not a liquidation or cleanup instruction.
AURUM · Ondo
EXITE · Entropy
Cypher · Arcus
Risk core · QFEX