Funding you earn now, next payment 04:00 UTC+0.0241%/8h= +26.4% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%
Price spread now: BloFin against Binance+0.047%61s7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs+$12as 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−$220.221% of the position
Funding, last 7 days+0.344%+$34 on $10k
+Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.047%, 7d avg +0.006%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.041% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.006%. The two prices were read 61 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 | Binance XAUUSDT | 4,349 | 0.0090 | pay 0.0045% / 4h | 18m 12s | $413.4M | $2.09B | 100x |
| Short | BloFin XAU-USDT | 4,351.1 | 0.0331 | get 0.0165% / 4h | 18m 12s | $15.6M | $4.5M | 100x |
Binance XAUUSDT
BloFin XAU-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- $50.53
- Price spread: +0.047% → +0.006%
- $4.09
- Slippage, 4 orders
- −$0.1
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $32.52
- Costs to cover
- 0.221%
- Break-even
- 2.5 days
Slippage from Binance: live order book, 11 min ago; BloFin: live order book, 6 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 Binance live order book, 11 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 6.5 bp −$648 | doesn't fit |
| Sell BloFin live order book, 6 min ago | 0.03 bp | 6.0 bp −$6 | 6.2 bp −$62 | 6.9 bp −$689 | 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 | |
|---|---|---|---|---|---|---|---|---|
| RISEx XAU/USDC | 0.0000% | 1h | 4,349.3 | +0.006% | $3.4M | $12.2M | 25x | as long as short |
| Gate XAU_USDT | 0.0000% | 4h | 4,350.2 | +0.027% | $264.9M | $415.7M | 100x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,353.4 | +0.102% | $93K | $8.9M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,345.1 | −0.090% | $272K | — | 250x | as long as short |
| Hotstuff GOLD-PERP | +0.0008% | 1h | 4,347.9 | −0.026% | $33K | — | 25x | as long as short |
| Lighter XAU | +0.0032% | 1h | 4,347.9 | −0.025% | $20.8M | $38.2M | 25x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,345.2 | −0.087% | $13.2M | $38.4M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.032% | $619 | $54 | 52x | as long as short |
| Lighter RH XAU | +0.0040% | 1h | 4,350.1 | +0.026% | $20.1M | $39.3M | 25x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,350.7 | +0.039% | $3.8M | $4.5M | 40x | as long as short |
RISEx XAU/USDC
Gate XAU_USDT
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Hotstuff GOLD-PERP
Lighter XAU
Extended XAU-USD
Injective XAU/USDC PERP
Lighter RH XAU
StandX XAU-USDShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX GOLD-USD | +0.0041% | 1h | 4,348.4 | −0.014% | $5.7M | $2.0M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,382.9 | +0.779% | — | $1.0M | 25x | as long as short |
| Kalshi KXGOLDPERP | +0.0047% | 24h | 4,348.1 | −0.021% | $4.2M | $37.3M | 15x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0048% | 1h | 4,346.5 | −0.058% | $2.0M | $4.8M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,346.5 | −0.058% | $293.9M | $48.8M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,345.3 | −0.086% | $15.1M | $56.8M | 25x | as long as short |
| Aster XAUUSD1 | +0.0062% | 4h | 4,350.3 | +0.029% | $71.2M | $333.1M | 20x | as long as short |
| Variational Omni XAU | +0.0077% | 4h | 4,349.2 | +0.005% | $48.5M | $28.0M | — | as long as short |
| Paradex XAU-USD-PERP | +0.0080% | 8h | 4,349.1 | +0.001% | $19K | $5K | 5x | as long as short |
| GRVT XAU_USDT_Perp | +0.0088% | 4h | 4,350.6 | +0.037% | $1.4M | $2.9M | 25x | as long as short |
| MEXC XAU_USDT | +0.0090% | 4h | 4,349.2 | +0.003% | $371.9M | $318.7M | 1000x | as long as short |
| Binance XAUUSDTlong | +0.0090% | 4h | 4,349 | long leg | $413.4M | $2.09B | 100x | |
| Pacifica XAU | +0.0100% | 1h | 4,346.6 | −0.056% | $1.4M | $1.1M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,346.5 | −0.059% | $275K | $203K | 50x | as long as short |
| Bluefin GOLD-PERP | +0.0100% | 1h | 4,344.3 | −0.108% | $25K | $14K | 20x | as long as short |
| edgeX XAUUSDC | +0.0101% | 4h | 4,346.3 | −0.062% | $30.2M | $58.1M | 50x | as long as short |
| Aevo XAU-PERP | +0.0104% | 1h | 4,348.8 | −0.005% | $161K | $87 | 10x | as long as short |
| Phoenix GOLD | +0.0142% | 1h | 4,347.9 | −0.026% | $47K | $77K | 25x | as long as short |
| Polymarket Perps GOLD-USD | +0.0157% | 1h | 4,349 | 0.000% | $4.3M | $2.0M | 20x | as long as short |
| Bullet GOLD-USD | +0.0186% | 1h | 4,349.3 | +0.006% | $59K | $82K | 10x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0194% | 1h | 4,346.3 | −0.063% | $593K | $132K | 25x | as long as short |
| Phemex XAUUSDT | +0.0215% | 4h | 4,352.2 | +0.073% | $2.2M | $967K | 100x | as long as short |
| Bitget XAUUSDT | +0.0232% | 4h | 4,349.4 | +0.008% | $70.0M | $109.4M | 100x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0233% | 1h | 4,347.7 | −0.030% | $206K | $823K | 25x | as long as short |
| Bybit XAUUSDT | +0.0240% | 4h | 4,350.5 | +0.035% | $85.3M | $145.1M | 150x | as long as short |
| OKX XAU-USDT-SWAP | +0.0294% | 8h | 4,350 | +0.023% | $165.5M | $282.5M | 100x | as long as short |
| BloFin XAU-USDTshort | +0.0331% | 4h | 4,351.1 | +0.047% | $15.6M | $4.5M | 100x | |
| GMX GOLD/USD [ETH-USDC] | L +0.0417% / S −0.0236% | 1h | 4,349.3 | +0.006% | $248K | — | 111x | as long as short |
| HTX XAU-USDT | +0.0623% | 4h | 4,354.6 | +0.127% | $2.9M | $4.3M | 75x | as long as short |
QFEX GOLD-USD
Vest GC-PERP
Kalshi KXGOLDPERP
Coinbase International GOLD-PERP-INTX
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
Aster XAUUSD1
Variational Omni XAU
Paradex XAU-USD-PERP
GRVT XAU_USDT_Perp
MEXC XAU_USDT
Pacifica XAU
ApeX Omni XAUUSDT
Bluefin GOLD-PERP
edgeX XAUUSDC
Aevo XAU-PERP
Phoenix GOLD
Polymarket Perps GOLD-USD
Bullet GOLD-USD
Kraken Futures PF_XAUUSD
Phemex XAUUSDT
Bitget XAUUSDT
Deribit GOLD_USDC-PERPETUAL
Bybit XAUUSDT
OKX XAU-USDT-SWAP
GMX GOLD/USD [ETH-USDC]
HTX XAU-USDT