Funding you earn now, next payment 08:00 UTC−0.0258%/8h= −28.2% APRnext payment −$1.29 per $10,000 · paid last 24h −0.072%
Price spread now: Binance against BloFin−0.144%51s7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as 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−0.345%−$34 on $10k
+Price spread, last 4 days (all we have)+0.129%+$13 · spread now −0.144%, 7d avg −0.006%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Binance is 0.138% cheaper against BloFin than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.006%). Swap the legs. The two prices were read 51 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 | BloFin XAU-USDT | 4,333.7 | 0.0378 | pay 0.0189% / 4h | 2h 28m | $16.1M | $4.4M | 100x |
| Short | Binance XAUUSDT | 4,327.5 | 0.0120 | get 0.0060% / 4h | 2h 28m | $413.7M | $2.14B | 100x |
BloFin XAU-USDT
Binance XAUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- −$54.15
- Price spread: −0.144% → −0.006%
- −$13.8
- Slippage, 4 orders
- −$0.13
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$90.08
- Costs to cover
- 0.221%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 6 min ago; Binance: live order book, 16 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 BloFin live order book, 6 min ago | 0.01 bp | 6.0 bp −$6 | 6.0 bp −$60 | 7.4 bp −$737 | 10.0 bp −$5,003 |
| Sell Binance live order book, 16 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 6.7 bp −$674 | 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 | 4,332.3 | −0.033% | $92K | $8.4M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,324.1 | −0.223% | $271K | — | 250x | as long as short |
| Bluefin GOLD-PERP | +0.0009% | 1h | 4,322.9 | −0.250% | $25K | $14K | 20x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,323.9 | −0.226% | $13.3M | $37.1M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.385% | $619 | $54 | 52x | as long as short |
| Lighter XAU | +0.0040% | 1h | 4,328.8 | −0.114% | $20.6M | $30.9M | 25x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,337.5 | +0.087% | $3.8M | $4.6M | 40x | as long as short |
| QFEX GOLD-USD | +0.0044% | 1h | 4,328 | −0.132% | $5.4M | $2.1M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,361.8 | +0.648% | — | $1.0M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,324.8 | −0.206% | $292.0M | $50.5M | 25x | as long as short |
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Bluefin GOLD-PERP
Extended XAU-USD
Injective XAU/USDC PERP
Lighter XAU
StandX XAU-USD
QFEX GOLD-USD
Vest GC-PERP
tradeXYZ xyz:GOLDShow 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 | 4,324.9 | −0.203% | $15.0M | $56.6M | 25x | as long as short |
| RISEx XAU/USDC | +0.0054% | 1h | 4,328.9 | −0.111% | $3.7M | $12.3M | 25x | as long as short |
| Kalshi KXGOLDPERP | +0.0057% | 24h | 4,335.1 | +0.032% | $4.1M | $40.5M | 15x | as long as short |
| Bybit XAUUSDT | +0.0058% | 4h | 4,328.6 | −0.118% | $78.6M | $154.8M | 150x | as long as short |
| Gate XAU_USDT | +0.0064% | 4h | 4,330 | −0.086% | $274.4M | $405.4M | 100x | as long as short |
| Paradex XAU-USD-PERP | +0.0072% | 8h | 4,329.2 | −0.105% | $19K | $5K | 5x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0072% | 1h | 4,326.7 | −0.162% | $2.1M | $4.7M | 25x | as long as short |
| Lighter RH XAU | +0.0088% | 1h | 4,331.2 | −0.059% | $19.9M | $38.6M | 25x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,326.1 | −0.175% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,328.3 | −0.126% | $275K | $204K | 50x | as long as short |
| Aster XAUUSD1 | +0.0110% | 4h | 4,329.3 | −0.102% | $71.4M | $332.0M | 20x | as long as short |
| Variational Omni XAU | +0.0111% | 4h | 4,333.1 | −0.013% | $48.3M | $27.5M | — | as long as short |
| Aevo XAU-PERP | +0.0112% | 1h | 4,327.7 | −0.140% | $160K | $87 | 10x | as long as short |
| MEXC XAU_USDT | +0.0120% | 4h | 4,328 | −0.132% | $364.7M | $323.4M | 1000x | as long as short |
| Binance XAUUSDTshort | +0.0120% | 4h | 4,327.5 | −0.144% | $413.7M | $2.14B | 100x | |
| Phoenix GOLD | +0.0127% | 1h | 4,333.4 | −0.007% | $47K | $77K | 25x | as long as short |
| GRVT XAU_USDT_Perp | +0.0128% | 4h | 4,336.3 | +0.060% | $1.4M | $2.9M | 25x | as long as short |
| Hotstuff GOLD-PERP | +0.0136% | 1h | 4,329.4 | −0.100% | $32K | — | 25x | as long as short |
| edgeX XAUUSDC | +0.0138% | 4h | 4,329.7 | −0.092% | $30.1M | $58.7M | 50x | as long as short |
| Bullet GOLD-USD | +0.0160% | 1h | 4,328 | −0.132% | $59K | $82K | 10x | as long as short |
| Polymarket Perps GOLD-USD | +0.0169% | 1h | 4,328.3 | −0.125% | $4.2M | $2.0M | 20x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0212% | 1h | 4,326.6 | −0.164% | $200K | $824K | 25x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0248% | 1h | 4,324.5 | −0.212% | $589K | $130K | 25x | as long as short |
| HTX XAU-USDT | +0.0258% | 4h | 4,331.1 | −0.060% | $2.8M | $4.8M | 75x | as long as short |
| Bitget XAUUSDT | +0.0282% | 4h | 4,327.8 | −0.136% | $73.3M | $113.4M | 100x | as long as short |
| OKX XAU-USDT-SWAP | +0.0338% | 8h | 4,328.9 | −0.111% | $169.8M | $291.4M | 100x | as long as short |
| Phemex XAUUSDT | +0.0365% | 4h | 4,333.3 | −0.010% | $2.2M | $960K | 100x | as long as short |
| BloFin XAU-USDTlong | +0.0378% | 4h | 4,333.7 | long leg | $16.1M | $4.4M | 100x | |
| GMX GOLD/USD [ETH-USDC] | L +0.0450% / S −0.0287% | 1h | 4,328 | −0.133% | $249K | — | 111x | as long as short |
Ondo Perps XAU-USD.P
RISEx XAU/USDC
Kalshi KXGOLDPERP
Bybit XAUUSDT
Gate XAU_USDT
Paradex XAU-USD-PERP
Coinbase International GOLD-PERP-INTX
Lighter RH XAU
Pacifica XAU
ApeX Omni XAUUSDT
Aster XAUUSD1
Variational Omni XAU
Aevo XAU-PERP
MEXC XAU_USDT
Phoenix GOLD
GRVT XAU_USDT_Perp
Hotstuff GOLD-PERP
edgeX XAUUSDC
Bullet GOLD-USD
Polymarket Perps GOLD-USD
Deribit GOLD_USDC-PERPETUAL
Kraken Futures PF_XAUUSD
HTX XAU-USDT
Bitget XAUUSDT
OKX XAU-USDT-SWAP
Phemex XAUUSDT
GMX GOLD/USD [ETH-USDC]