Funding you earn now, next payment 10:00 UTC−0.0066%/8h= −7.2% APRpaid last 24h −0.016%
Price spread now: tradeXYZ against Binance−0.060%7-day average −0.095% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$280.284% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 7 days+0.004%$0 · spread now −0.060%, 7d avg −0.095%
=Together, before fees−0.017%+ Points / potential airdroptradeXYZ: Active · farm board−$2 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.035% dearer against Binance than usual: you sell high and buy low (spread −0.060% now, against its 7-day average of −0.095%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 43 hours. At the pace of the last 7 days (−0.021% in total) that is about 12 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance XAUUSDT | 4,324.4 | 0.0116 | pay 0.0058% / 4h | 2h 55m | $435.3M | $2.36B | 100x |
| Short | tradeXYZ xyz:GOLD | 4,321.8 | 0.0050 | get 0.0006% / 1h | 55m 16s | $292.0M | $55.5M | 25x |
Binance XAUUSDT
tradeXYZ xyz:GOLDFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$13.8
- Price spread: −0.060% → −0.095%
- $3.52
- Slippage, 4 orders
- −$0.36
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$38.65
- Costs to cover
- 0.284%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; tradeXYZ: 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 Binance live order book, 4 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 7.0 bp −$701 | doesn't fit |
| Sell tradeXYZ live order book, 5 min ago | 0.12 bp | 9.2 bp −$9 | 9.5 bp −$95 | 11.2 bp −$1,119 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX XAU-USDT | 0.0000% | 4h | 4,328.8 | +0.101% | $92K | $6.5M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,330.7 | +0.145% | $275K | — | 250x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0024% | 1h | 4,325.1 | +0.016% | $2.0M | $5.2M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.602% | $619 | $54 | 52x | as long as short |
| QFEX GOLD-USD | +0.0038% | 1h | 4,325.1 | +0.016% | $6.6M | $3.0M | 20x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,328.5 | +0.095% | $3.8M | $4.5M | 40x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,358.2 | +0.782% | — | $1.0M | 25x | as long as short |
| tradeXYZ xyz:GOLDshort | +0.0050% | 1h | 4,321.8 | −0.060% | $292.0M | $55.5M | 25x | |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,321.4 | −0.068% | $15.1M | $57.4M | 25x | as long as short |
| RISEx XAU/USDC | +0.0056% | 1h | 4,325.6 | +0.027% | $4.6M | $13.6M | 25x | as long as short |
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Coinbase International GOLD-PERP-INTX
Injective XAU/USDC PERP
QFEX GOLD-USD
StandX XAU-USD
Vest GC-PERP
Ondo Perps XAU-USD.P
RISEx XAU/USDCShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex XAU-USD-PERP | +0.0058% | 8h | 4,325.2 | +0.019% | $2K | $13K | 5x | as long as short |
| Aster XAUUSD1 | +0.0060% | 4h | 4,326.2 | +0.043% | $74.3M | $273.1M | 20x | as long as short |
| Hotstuff GOLD-PERP | +0.0080% | 1h | 4,323.2 | −0.028% | $32K | — | 25x | as long as short |
| Extended XAU-USD | +0.0088% | 1h | 4,320.4 | −0.092% | $12.7M | $35.7M | 25x | as long as short |
| Variational Omni XAU | +0.0094% | 4h | 4,326.7 | +0.053% | $47.1M | $29.9M | — | as long as short |
| Phoenix GOLD | +0.0095% | 1h | 4,328.1 | +0.086% | $43K | $72K | 25x | as long as short |
| Lighter RH XAU | +0.0096% | 1h | 4,327.5 | +0.072% | $19.9M | $38.6M | 25x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,322.3 | −0.048% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,327.6 | +0.073% | $284K | $232K | 50x | as long as short |
| Gate XAU_USDT | +0.0106% | 4h | 4,326.7 | +0.054% | $302.7M | $429.7M | 100x | as long as short |
| Lighter XAU | +0.0112% | 1h | 4,325.4 | +0.023% | $20.2M | $29.3M | 25x | as long as short |
| Aevo XAU-PERP | +0.0112% | 1h | 4,323.5 | −0.021% | $160K | $87 | 10x | as long as short |
| MEXC XAU_USDT | +0.0114% | 4h | 4,324.6 | +0.006% | $352.9M | $348.2M | 1000x | as long as short |
| Binance XAUUSDTlong | +0.0116% | 4h | 4,324.4 | long leg | $435.3M | $2.36B | 100x | |
| Kalshi KXGOLDPERP | +0.0121% | 24h | 4,329.2 | +0.111% | $3.5M | $48.6M | 15x | as long as short |
| Polymarket Perps GOLD-USD | +0.0122% | 1h | 4,324.8 | +0.009% | $4.3M | $1.7M | 20x | as long as short |
| edgeX XAUUSDC | +0.0123% | 4h | 4,325.6 | +0.027% | $30.2M | $65.1M | 50x | as long as short |
| GRVT XAU_USDT_Perp | +0.0130% | 4h | 4,329.2 | +0.111% | $1.4M | $3.0M | 25x | as long as short |
| Bybit XAUUSDT | +0.0142% | 4h | 4,325.2 | +0.017% | $81.6M | $170.1M | 150x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0167% | 1h | 4,321.9 | −0.058% | $134K | $783K | 25x | as long as short |
| Bullet GOLD-USD | +0.0186% | 1h | 4,324.8 | +0.009% | $58K | $77K | 10x | as long as short |
| Bitget XAUUSDT | +0.0196% | 4h | 4,324.1 | −0.007% | $71.9M | $132.9M | 100x | as long as short |
| OKX XAU-USDT-SWAP | +0.0244% | 8h | 4,325.2 | +0.019% | $170.7M | $355.8M | 100x | as long as short |
| BloFin XAU-USDT | +0.0355% | 4h | 4,329.7 | +0.122% | $16.2M | $5.5M | 100x | as long as short |
| Phemex XAUUSDT | +0.0395% | 4h | 4,331.6 | +0.166% | $2.2M | $961K | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0412% | 1h | 4,321.6 | −0.064% | $582K | $150K | 25x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0460% / S −0.0306% | 1h | 4,324.8 | +0.009% | $252K | — | 111x | as long as short |
| HTX XAU-USDT | +0.1112% | 4h | 4,334.7 | +0.237% | $3.2M | $7.0M | 75x | as long as short |
| Bluefin GOLD-PERP | +0.4360% | 1h | 4,318.3 | −0.140% | $25K | $1K | 20x | as long as short |
Paradex XAU-USD-PERP
Aster XAUUSD1
Hotstuff GOLD-PERP
Extended XAU-USD
Variational Omni XAU
Phoenix GOLD
Lighter RH XAU
Pacifica XAU
ApeX Omni XAUUSDT
Gate XAU_USDT
Lighter XAU
Aevo XAU-PERP
MEXC XAU_USDT
Kalshi KXGOLDPERP
Polymarket Perps GOLD-USD
edgeX XAUUSDC
GRVT XAU_USDT_Perp
Bybit XAUUSDT
Deribit GOLD_USDC-PERPETUAL
Bullet GOLD-USD
Bitget XAUUSDT
OKX XAU-USDT-SWAP
BloFin XAU-USDT
Phemex XAUUSDT
Kraken Futures PF_XAUUSD
GMX GOLD/USD [ETH-USDC]
HTX XAU-USDT
Bluefin GOLD-PERP