Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.015%
Price spread now: tradeXYZ against ApeX Omni+0.028%65s7-day average −0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$510.515% of the position
Funding, last 7 days−0.046%−$5 on $10k
+Price spread, last 4 days (all we have)−0.022%−$2 · spread now +0.028%, 7d avg −0.045%
=Together, before fees−0.068%+ Points / potential airdroptradeXYZ: Active · farm board−$7 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.073% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.028% now, against its 7-day average of −0.045%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.8 days. At the pace of the last 7 days (−0.046% in total) that is about 11 days. The two prices were read 65 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 | ApeX Omni XAUUSDT | 4,341.7 | 0.0100 | pay 0.0013% / 1h | 4m 25s | $274K | $203K | 50x |
| Short | tradeXYZ xyz:GOLD | 4,342.9 | 0.0050 | get 0.0006% / 1h | 4m 25s | $293.8M | $49.1M | 25x |
ApeX Omni XAUUSDT
tradeXYZ xyz:GOLDFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against ApeX 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
- −$10.5
- Price spread: +0.028% → −0.045%
- $7.27
- Slippage, 4 orders
- −$23.5
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$54.72
- Costs to cover
- 0.515%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 48 min ago; tradeXYZ: live order book, 4 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 ApeX Omni live order book, 48 min ago | 3.33 bp | 17.4 bp −$17 | 27.5 bp −$275 | 37.7 bp −$3,774 | doesn't fit |
| Sell tradeXYZ live order book, 4 min ago | 0.12 bp | 9.1 bp −$9 | 10.0 bp −$100 | 12.0 bp −$1,204 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin GOLD-PERP | −0.0013% | 1h | 4,339.8 | −0.045% | $25K | $14K | 20x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,350.6 | +0.205% | $92K | $8.6M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,342.6 | +0.021% | $272K | — | 250x | as long as short |
| RISEx XAU/USDC | +0.0005% | 1h | 4,347.3 | +0.130% | $3.7M | $12.5M | 25x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,342.7 | +0.024% | $13.2M | $37.2M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.201% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,346.1 | +0.102% | $3.8M | $4.5M | 40x | as long as short |
| QFEX GOLD-USD | +0.0042% | 1h | 4,345.1 | +0.079% | $5.6M | $2.1M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,379.4 | +0.869% | — | $1.0M | 25x | as long as short |
| tradeXYZ xyz:GOLDshort | +0.0050% | 1h | 4,342.9 | +0.028% | $293.8M | $49.1M | 25x |
Bluefin GOLD-PERP
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
RISEx XAU/USDC
Extended XAU-USD
Injective XAU/USDC PERP
StandX XAU-USD
QFEX GOLD-USD
Vest GC-PERPShow 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 | 4,343.4 | +0.039% | $15.0M | $56.8M | 25x | as long as short |
| Kalshi KXGOLDPERP | +0.0052% | 24h | 4,344.8 | +0.072% | $4.2M | $39.3M | 15x | as long as short |
| Lighter XAU | +0.0056% | 1h | 4,345.8 | +0.094% | $20.7M | $34.8M | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0056% | 1h | 4,341.7 | 0.000% | $2.1M | $4.7M | 25x | as long as short |
| Bybit XAUUSDT | +0.0059% | 4h | 4,347.9 | +0.142% | $80.1M | $152.0M | 150x | as long as short |
| Gate XAU_USDT | +0.0060% | 4h | 4,348.3 | +0.152% | $268.4M | $419.2M | 100x | as long as short |
| Paradex XAU-USD-PERP | +0.0067% | 8h | 4,346.4 | +0.108% | $19K | $5K | 5x | as long as short |
| Hotstuff GOLD-PERP | +0.0072% | 1h | 4,342.6 | +0.021% | $33K | — | 25x | as long as short |
| Lighter RH XAU | +0.0080% | 1h | 4,348.5 | +0.156% | $20.2M | $40.2M | 25x | as long as short |
| Aster XAUUSD1 | +0.0100% | 4h | 4,346.5 | +0.110% | $71.5M | $331.5M | 20x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,343 | +0.030% | $1.4M | $1.1M | 10x | as long as short |
| ApeX Omni XAUUSDTlong | +0.0100% | 1h | 4,341.7 | long leg | $274K | $203K | 50x | |
| Variational Omni XAU | +0.0105% | 4h | 4,345.4 | +0.084% | $48.3M | $27.6M | — | as long as short |
| Aevo XAU-PERP | +0.0112% | 1h | 4,345.9 | +0.096% | $161K | $87 | 10x | as long as short |
| MEXC XAU_USDT | +0.0118% | 4h | 4,346.9 | +0.120% | $370.4M | $321.9M | 1000x | as long as short |
| Binance XAUUSDT | +0.0120% | 4h | 4,346.9 | +0.120% | $418.9M | $2.09B | 100x | as long as short |
| edgeX XAUUSDC | +0.0135% | 4h | 4,340 | −0.038% | $30.2M | $57.9M | 50x | as long as short |
| Phoenix GOLD | +0.0136% | 1h | 4,341.7 | 0.000% | $47K | $77K | 25x | as long as short |
| GRVT XAU_USDT_Perp | +0.0148% | 4h | 4,345.6 | +0.091% | $1.4M | $2.9M | 25x | as long as short |
| Phemex XAUUSDT | +0.0199% | 4h | 4,349.1 | +0.170% | $2.2M | $967K | 100x | as long as short |
| Polymarket Perps GOLD-USD | +0.0203% | 1h | 4,346.6 | +0.113% | $4.2M | $2.0M | 20x | as long as short |
| Bullet GOLD-USD | +0.0206% | 1h | 4,347 | +0.123% | $59K | $82K | 10x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0211% | 1h | 4,344.4 | +0.062% | $204K | $826K | 25x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0259% | 1h | 4,343 | +0.030% | $590K | $135K | 25x | as long as short |
| Bitget XAUUSDT | +0.0276% | 4h | 4,347.4 | +0.132% | $71.1M | $108.8M | 100x | as long as short |
| OKX XAU-USDT-SWAP | +0.0331% | 8h | 4,348.1 | +0.148% | $167.2M | $283.4M | 100x | as long as short |
| BloFin XAU-USDT | +0.0360% | 4h | 4,346.2 | +0.103% | $15.8M | $4.4M | 100x | as long as short |
| HTX XAU-USDT | +0.0396% | 4h | 4,347.9 | +0.143% | $2.8M | $4.6M | 75x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0428% / S −0.0252% | 1h | 4,346.9 | +0.121% | $250K | — | 111x | as long as short |
Ondo Perps XAU-USD.P
Kalshi KXGOLDPERP
Lighter XAU
Coinbase International GOLD-PERP-INTX
Bybit XAUUSDT
Gate XAU_USDT
Paradex XAU-USD-PERP
Hotstuff GOLD-PERP
Lighter RH XAU
Aster XAUUSD1
Pacifica XAU
Variational Omni XAU
Aevo XAU-PERP
MEXC XAU_USDT
Binance XAUUSDT
edgeX XAUUSDC
Phoenix GOLD
GRVT XAU_USDT_Perp
Phemex XAUUSDT
Polymarket Perps GOLD-USD
Bullet GOLD-USD
Deribit GOLD_USDC-PERPETUAL
Kraken Futures PF_XAUUSD
Bitget XAUUSDT
OKX XAU-USDT-SWAP
BloFin XAU-USDT
HTX XAU-USDT
GMX GOLD/USD [ETH-USDC]