XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h −0.009%

Price spread now: Coinbase International against Aevo−0.072%7-day average −0.085% · you buy dearer than you sell

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$440.442% of the position

Long on Aevo Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.335%+$34 on $10k

Price spread, last 4 days (all we have)+0.002%$0 · spread now −0.072%, 7d avg −0.085%

Together, before fees+0.338%+$34 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.085%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.335%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo XAU-PERP	4,347.8	0.0096	pay 0.0012% / 1h	10m 32s	$161K	$87	10x
Short	Coinbase International GOLD-PERP-INTX	4,344.7	0.0048	get 0.0006% / 1h	10m 32s	$2.0M	$4.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aevo. 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 AevobpFee Coinbase InternationalbpOrdersPrice spread, now −0.072%Rate

Funding earned: −$10.08
Price spread: −0.072% → −0.085%: $1.31
Slippage, 4 orders: −$18.19
Fee Aevo: 8 bp × 2 orders: −$16
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$52.96
Costs to cover: 0.442%
Break-even: never at this rate

Slippage from Aevo: live order book, 53 min ago; Coinbase International: live order book, 3 min ago.

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 Aevo live order book, 53 min ago	5.99 bp	15.9 bp −$16	29.4 bp −$294	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	0.57 bp	5.6 bp −$6	7.0 bp −$70	doesn't fit	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
Gate XAU_USDT	0.0000%	4h	4,350.9	+0.069%	$264.3M	$416.2M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,352.4	+0.104%	$92K	$9.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,344.3	−0.081%	$266K	—	250x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,349	+0.028%	$3.4M	$12.4M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,345.5	−0.054%	$13.5M	$38.8M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.059%	$619	$54	52x	as long as short
Aster XAUUSD1	+0.0039%	4h	4,349.5	+0.037%	$70.6M	$334.1M	20x	as long as short
StandX XAU-USD	+0.0040%	1h	4,349	+0.027%	$3.8M	$4.6M	40x	as long as short
Kalshi KXGOLDPERP	+0.0040%	24h	4,346.4	−0.033%	$4.1M	$37.1M	15x	as long as short
Vest GC-PERP	+0.0046%	1h	4,382.3	+0.793%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USD	+0.0046%	1h	4,347.4	−0.010%	$5.7M	$2.0M	20x	as long as short
Coinbase International GOLD-PERP-INTXshort	+0.0048%	1h	4,344.7	−0.072%	$2.0M	$4.9M	25x
tradeXYZ xyz:GOLD	+0.0050%	1h	4,346.3	−0.035%	$293.9M	$49.0M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,345.8	−0.047%	$15.1M	$56.8M	25x	as long as short
Variational Omni XAU	+0.0053%	4h	4,347.3	−0.012%	$48.5M	$27.8M	—	as long as short
GRVT XAU_USDT_Perp	+0.0054%	4h	4,350.6	+0.064%	$1.4M	$2.9M	25x	as long as short
Lighter XAU	+0.0056%	1h	4,348.2	+0.009%	$20.6M	$42.6M	25x	as long as short
Lighter RH XAU	+0.0056%	1h	4,350.5	+0.061%	$20.1M	$39.9M	25x	as long as short
MEXC XAU_USDT	+0.0072%	4h	4,349.4	+0.037%	$372.2M	$319.9M	1000x	as long as short
Binance XAUUSDT	+0.0073%	4h	4,349.4	+0.036%	$410.4M	$2.10B	100x	as long as short
Paradex XAU-USD-PERP	+0.0078%	8h	4,349.2	+0.032%	$19K	$5K	5x	as long as short
edgeX XAUUSDC	+0.0090%	4h	4,346.3	−0.036%	$30.3M	$58.4M	50x	as long as short
Aevo XAU-PERPlong	+0.0096%	1h	4,347.8	long leg	$161K	$87	10x
Pacifica XAU	+0.0100%	1h	4,345.6	−0.052%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,347.5	−0.009%	$275K	$203K	50x	as long as short
Polymarket Perps GOLD-USD	+0.0116%	1h	4,348.7	+0.020%	$4.3M	$1.9M	20x	as long as short
Phoenix GOLD	+0.0136%	1h	4,350.4	+0.059%	$47K	$77K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0141%	1h	4,347.5	−0.008%	$254K	$752K	25x	as long as short
Hotstuff GOLD-PERP	+0.0144%	1h	4,346.4	−0.033%	$33K	—	25x	as long as short
Bullet GOLD-USD	+0.0191%	1h	4,348	+0.004%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0202%	4h	4,350.7	+0.065%	$84.4M	$145.4M	150x	as long as short
Phemex XAUUSDT	+0.0210%	4h	4,353.1	+0.121%	$2.2M	$1.1M	100x	as long as short
Bitget XAUUSDT	+0.0214%	4h	4,349.6	+0.041%	$70.3M	$109.5M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0257%	8h	4,350.6	+0.063%	$165.4M	$283.2M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0270%	1h	4,345.5	−0.055%	$593K	$133K	25x	as long as short
BloFin XAU-USDT	+0.0293%	4h	4,349.3	+0.033%	$15.6M	$4.6M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0404% / S −0.0218%	1h	4,348.2	+0.008%	$248K	—	111x	as long as short
Bluefin GOLD-PERP	+0.0566%	1h	4,342.6	−0.121%	$25K	$14K	20x	as long as short
HTX XAU-USDT	+0.0579%	4h	4,354.5	+0.154%	$2.9M	$4.2M	75x	as long as short