XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0029%/8h= +3.1% APRnext payment +$0.04 per $10,000 · paid last 24h +0.003%

Price spread now: Phoenix against Aevo−0.066%66s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$2 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Phoenix is 0.066% cheaper against Aevo than usual: you would sell low and buy high (spread −0.066% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 7.6 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.025% in total) that is about 19 days. The two prices were read 66 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	Aevo XAU-PERP	4,354.6	0.0080	pay 0.0010% / 1h	18m 06s	$161K	$87	10x
Short	Phoenix GOLD	4,351.7	0.0109	get 0.0014% / 1h	18m 06s	$48K	$65K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.066%Rate

Funding earned: $6.01
Price spread: −0.066% → 0.000%: −$6.55
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$23.54
Costs to cover: 0.230%
Break-even: 34.4 days

Slippage unknown: Aevo: live order book, 1 min ago; Phoenix: 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 Aevo live order book, 1 min ago	5.76 bp	15.0 bp −$15	27.5 bp −$275	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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 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
Kraken Futures PF_XAUUSD	−0.0175%	1h	4,353.1	−0.034%	$600K	$140K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,356.7	+0.050%	$71.4M	$234.2M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,355.1	+0.012%	$409.5M	$2.08B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,356.2	+0.038%	$82.6M	$141.1M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,355.1	+0.014%	$3.5M	$12.4M	25x	as long as short
Hotstuff GOLD-PERP	0.0000%	1h	4,351.1	−0.079%	$33K	—	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,356.8	+0.052%	$272.0M	$409.8M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,355.1	+0.013%	$378.6M	$352.2M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,355.7	+0.025%	$67.1M	$109.5M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,355.2	+0.015%	$48.0M	$31.0M	—	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XAU_USDT_Perp	0.0000%	4h	4,355.3	+0.016%	$1.4M	$3.2M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,352.5	−0.047%	$4.0M	$34.4M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,359.3	+0.109%	$93K	$10.7M	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	0.0000%	1h	4,353.7	−0.020%	$235K	$767K	25x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,352.2	−0.054%	$267K	—	250x	as long as short
QFEX GOLD-USD	+0.0002%	1h	4,355	+0.010%	$5.6M	$1.7M	20x	as long as short
edgeX XAUUSDC	+0.0016%	4h	4,350.9	−0.084%	$30.3M	$58.3M	50x	as long as short
tradeXYZ xyz:GOLD	+0.0017%	1h	4,351.4	−0.072%	$292.8M	$52.9M	25x	as long as short
Lighter XAU	+0.0032%	1h	4,354.8	+0.005%	$21.0M	$44.4M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,356.7	+0.050%	$20.3M	$42.0M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,352.2	−0.053%	$13.0M	$49.3M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.095%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,355.4	+0.019%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,389.7	+0.807%	—	$1.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0050%	8h	4,355.1	+0.013%	$19K	$6K	5x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,351.4	−0.073%	$14.4M	$55.6M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0051%	1h	4,355	+0.010%	$4.3M	$1.7M	20x	as long as short
Aevo XAU-PERPlong	+0.0080%	1h	4,354.6	long leg	$161K	$87	10x
Pacifica XAU	+0.0100%	1h	4,352.4	−0.049%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,352.7	−0.043%	$273K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,348.6	−0.138%	$26K	$21K	20x	as long as short
Bullet GOLD-USD	+0.0102%	1h	4,355.1	+0.013%	$60K	$85K	10x	as long as short
HTX XAU-USDT	+0.0105%	4h	4,358.7	+0.096%	$2.8M	$3.8M	75x	as long as short
Phoenix GOLDshort	+0.0109%	1h	4,351.7	−0.066%	$48K	$65K	25x
OKX XAU-USDT-SWAP	+0.0157%	8h	4,356.6	+0.047%	$158.9M	$266.9M	100x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0208%	1h	4,353	−0.036%	$2.0M	$5.1M	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,355.3	+0.016%	$14.8M	$4.3M	100x	as long as short
Phemex XAUUSDT	+0.0315%	4h	4,358.1	+0.081%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0388% / S −0.0197%	1h	4,355.1	+0.012%	$251K	—	111x	as long as short