XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0129%/8h= +14.2% APRnext payment +$0.65 per $10,000 · paid last 24h +0.109%

Price spread now: Phemex against Binance+0.053%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$720.718% of the position

Long on Binance Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.243%+$24 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now +0.053%, 7d avg +0.032%

Together, before fees+0.220%+$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Phemex is 0.021% dearer against Binance than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XAUUSDT	4,350.2	0.0089	pay 0.0045% / 4h	17m 05s	$413.7M	$2.09B	100x
Short	Phemex XAUUSDT	4,352.5	0.0218	get 0.0109% / 4h	17m 05s	$2.2M	$967K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Binance. 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 BinancebpFee PhemexbpOrdersPrice spread, now +0.053%Rate

Funding earned: $27.17
Price spread: +0.053% → +0.032%: $2.1
Slippage, 4 orders: −$49.82
Fee Binance: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$42.56
Costs to cover: 0.718%
Break-even: 18.0 days

Slippage from Binance: live order book, 12 min ago; Phemex: live order book, 1 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, 12 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	6.5 bp −$648	doesn't fit
Sell Phemex live order book, 1 min ago	0.54 bp	32.9 bp −$33	doesn't fit	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
RISEx XAU/USDC	0.0000%	1h	4,349.2	−0.024%	$3.4M	$12.2M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,350.8	+0.015%	$265.2M	$416.2M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,353.8	+0.084%	$93K	$8.9M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,345.4	−0.109%	$272K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0008%	1h	4,346.5	−0.084%	$33K	—	25x	as long as short
Lighter XAU	+0.0032%	1h	4,348.4	−0.042%	$20.8M	$38.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,346.1	−0.093%	$13.2M	$38.3M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.006%	$619	$54	52x	as long as short
Lighter RH XAU	+0.0040%	1h	4,351.1	+0.022%	$20.1M	$39.3M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,349.9	−0.006%	$3.8M	$4.5M	40x	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	+0.0041%	1h	4,348.7	−0.034%	$5.7M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,382.5	+0.743%	—	$1.0M	25x	as long as short
Kalshi KXGOLDPERP	+0.0048%	24h	4,348	−0.050%	$4.2M	$37.3M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,346.5	−0.084%	$2.0M	$4.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,347.3	−0.066%	$293.9M	$48.8M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,345.7	−0.103%	$15.1M	$56.8M	25x	as long as short
Aster XAUUSD1	+0.0060%	4h	4,350.3	+0.003%	$71.2M	$333.1M	20x	as long as short
Variational Omni XAU	+0.0077%	4h	4,349.2	−0.021%	$48.5M	$28.0M	—	as long as short
Paradex XAU-USD-PERP	+0.0080%	8h	4,349	−0.026%	$19K	$5K	5x	as long as short
GRVT XAU_USDT_Perp	+0.0088%	4h	4,351.1	+0.022%	$1.4M	$2.9M	25x	as long as short
Binance XAUUSDTlong	+0.0089%	4h	4,350.2	long leg	$413.7M	$2.09B	100x
MEXC XAU_USDT	+0.0090%	4h	4,350.4	+0.004%	$372.1M	$318.7M	1000x	as long as short
Pacifica XAU	+0.0100%	1h	4,346	−0.096%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,348.9	−0.030%	$275K	$203K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,344.3	−0.134%	$25K	$14K	20x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,348.8	−0.032%	$161K	$87	10x	as long as short
edgeX XAUUSDC	+0.0105%	4h	4,346.9	−0.075%	$30.3M	$58.2M	50x	as long as short
Phoenix GOLD	+0.0142%	1h	4,349	−0.027%	$47K	$77K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0157%	1h	4,349.2	−0.022%	$4.3M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0186%	1h	4,349.5	−0.016%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0194%	1h	4,346.6	−0.081%	$593K	$132K	25x	as long as short
Phemex XAUUSDTshort	+0.0218%	4h	4,352.5	+0.053%	$2.2M	$967K	100x
Bitget XAUUSDT	+0.0232%	4h	4,350.3	+0.002%	$70.1M	$109.3M	100x	as long as short
Bybit XAUUSDT	+0.0240%	4h	4,351.5	+0.029%	$85.3M	$145.1M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0294%	8h	4,351.4	+0.028%	$165.5M	$282.5M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0302%	1h	4,348.2	−0.045%	$206K	$824K	25x	as long as short
BloFin XAU-USDT	+0.0329%	4h	4,349.5	−0.016%	$15.6M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0417% / S −0.0237%	1h	4,349.6	−0.014%	$248K	—	111x	as long as short
HTX XAU-USDT	+0.0624%	4h	4,354.6	+0.101%	$2.9M	$4.3M	75x	as long as short