XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0075%/8h= +8.2% APRnext payment +$0.09 per $10,000 · paid last 24h +0.032%

Price spread now: Deribit against Aevo+0.006%7-day average −0.100% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$410.410% of the position

Long on Aevo Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.659%+$66 on $10k

Price spread, last 3 days (all we have)−0.141%−$14 · spread now +0.006%, 7d avg −0.100%

Together, before fees+0.517%+$52 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Deribit is 0.106% dearer against Aevo than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.100%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo XAU-PERP	4,351.3	0.0112	pay 0.0014% / 1h	58m 48s	$161K	$87	10x
Short	Deribit GOLD_USDC-PERPETUAL	4,351.5	0.0187	get 0.0023% / 1h	58m 48s	$260K	$700K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.006%Rate

Funding earned: $15.71
Price spread: +0.006% → −0.100%: $10.56
Slippage, 4 orders: −$18.03
Fee Aevo: 8 bp × 2 orders: −$16
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$14.75
Costs to cover: 0.410%
Break-even: 13.6 days

Slippage from Aevo: live order book, 5 min ago; Deribit: live order book, 5 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, 5 min ago	5.99 bp	15.9 bp −$16	29.4 bp −$294	doesn't fit	doesn't fit
Sell Deribit live order book, 5 min ago	0.12 bp	3.6 bp −$4	4.2 bp −$42	doesn't fit	doesn't fit

XAU on 38 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
Bluefin GOLD-PERP	−0.0322%	1h	4,345.9	−0.123%	$25K	$14K	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,354.4	+0.073%	$263.6M	$403.5M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,356.9	+0.130%	$93K	$9.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,349.2	−0.047%	$269K	—	250x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,353	+0.040%	$3.4M	$12.4M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,349.2	−0.048%	$13.5M	$41.4M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.019%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0036%	24h	4,350.7	−0.013%	$4.1M	$36.1M	15x	as long as short
Lighter XAU	+0.0040%	1h	4,354.2	+0.068%	$20.6M	$41.7M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,353.4	+0.049%	$3.8M	$4.6M	40x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,386.2	+0.803%	—	$1.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0048%	1h	4,349.8	−0.033%	$33K	—	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,349	−0.052%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,350.3	−0.022%	$293.6M	$49.0M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,349.6	−0.037%	$15.1M	$57.9M	25x	as long as short
QFEX GOLD-USD	+0.0051%	1h	4,352.3	+0.024%	$5.5M	$1.9M	20x	as long as short
Lighter RH XAU	+0.0056%	1h	4,356.5	+0.121%	$20.1M	$39.3M	25x	as long as short
Aster XAUUSD1	+0.0058%	4h	4,354.8	+0.082%	$70.1M	$324.7M	20x	as long as short
Paradex XAU-USD-PERP	+0.0087%	8h	4,352.6	+0.031%	$19K	$5K	5x	as long as short
Pacifica XAU	+0.0100%	1h	4,349.1	−0.049%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,351.5	+0.006%	$275K	$204K	50x	as long as short
Variational Omni XAU	+0.0105%	4h	4,351.6	+0.009%	$48.2M	$28.0M	—	as long as short
Aevo XAU-PERPlong	+0.0112%	1h	4,351.3	long leg	$161K	$87	10x
MEXC XAU_USDT	+0.0116%	4h	4,353.3	+0.047%	$372.9M	$315.1M	1000x	as long as short
edgeX XAUUSDC	+0.0118%	4h	4,346.1	−0.118%	$30.2M	$59.3M	50x	as long as short
Binance XAUUSDT	+0.0119%	4h	4,355	+0.085%	$411.0M	$2.09B	100x	as long as short
Polymarket Perps GOLD-USD	+0.0120%	1h	4,352.4	+0.026%	$4.3M	$1.9M	20x	as long as short
Phoenix GOLD	+0.0121%	1h	4,350.1	−0.026%	$47K	$60K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0134%	4h	4,353.4	+0.049%	$1.4M	$3.0M	25x	as long as short
Deribit GOLD_USDC-PERPETUALshort	+0.0187%	1h	4,351.5	+0.006%	$260K	$700K	25x
Bullet GOLD-USD	+0.0202%	1h	4,353	+0.040%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0202%	4h	4,356.3	+0.115%	$84.1M	$144.9M	150x	as long as short
Bitget XAUUSDT	+0.0206%	4h	4,354.5	+0.074%	$69.6M	$109.0M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0247%	8h	4,355.9	+0.107%	$164.6M	$281.7M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,350.2	−0.023%	$593K	$133K	25x	as long as short
Phemex XAUUSDT	+0.0333%	4h	4,355.7	+0.101%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0396% / S −0.0204%	1h	4,353.2	+0.045%	$251K	—	111x	as long as short
HTX XAU-USDT	+0.0611%	4h	4,357.2	+0.138%	$2.9M	$4.1M	75x	as long as short