XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.045%

Price spread now: Bitget against BloFin+0.005%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$240.245% of the position

Long on BloFin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.282%−$28 on $10k

Price spread, last 3 days (all we have)−0.046%−$5 · spread now +0.005%, 7d avg −0.002%

Together, before fees−0.328%−$33 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XAU-USDT	4,355.3	0.0240	pay 0.0120% / 4h	1h 18m	$14.8M	$4.3M	100x
Short	Bitget XAUUSDT	4,355.5	0	get 0.0000% / 4h	1h 18m	$67.1M	$109.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BloFin. 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 BloFinbpFee BitgetbpOrdersPrice spread, now +0.005%Rate

Funding earned: −$50.4
Price spread: +0.005% → −0.002%: $0.71
Slippage, 4 orders: −$0.48
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$74.17
Costs to cover: 0.245%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; Bitget: 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 BloFin live order book, 5 min ago	0.02 bp	6.0 bp −$6	6.0 bp −$60	7.5 bp −$745	doesn't fit
Sell Bitget live order book, 5 min ago	0.01 bp	6.0 bp −$6	6.6 bp −$66	11.6 bp −$1,158	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
Kraken Futures PF_XAUUSD	−0.0175%	1h	4,353.1	−0.051%	$600K	$140K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,356.7	+0.034%	$71.4M	$234.2M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,355.2	−0.001%	$409.5M	$2.08B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,356.3	+0.023%	$82.6M	$141.1M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,355.3	+0.002%	$3.5M	$12.4M	25x	as long as short
Hotstuff GOLD-PERP	0.0000%	1h	4,351.1	−0.096%	$33K	—	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,356.8	+0.035%	$272.0M	$409.8M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,355.1	−0.004%	$378.6M	$352.2M	1000x	as long as short
Bitget XAUUSDTshort	0.0000%	4h	4,355.5	+0.005%	$67.1M	$109.5M	100x
Variational Omni XAU	0.0000%	4h	4,355.2	−0.002%	$48.0M	$31.0M	—	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XAU_USDT_Perp	0.0000%	4h	4,355.3	0.000%	$1.4M	$3.2M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,352.7	−0.059%	$4.0M	$34.4M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,359.5	+0.096%	$93K	$10.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,351.9	−0.078%	$267K	—	250x	as long as short
QFEX GOLD-USD	+0.0002%	1h	4,355.3	+0.001%	$5.6M	$1.7M	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0003%	1h	4,353.4	−0.043%	$235K	$773K	25x	as long as short
edgeX XAUUSDC	+0.0016%	4h	4,350.9	−0.101%	$30.3M	$58.3M	50x	as long as short
tradeXYZ xyz:GOLD	+0.0016%	1h	4,351.4	−0.089%	$292.8M	$52.9M	25x	as long as short
Lighter XAU	+0.0032%	1h	4,354.7	−0.014%	$20.9M	$44.4M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,356.6	+0.031%	$20.3M	$42.0M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,351.9	−0.078%	$13.0M	$49.3M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.111%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,355.4	+0.003%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,389.7	+0.791%	—	$1.0M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,355	−0.006%	$4.3M	$1.7M	20x	as long as short
Paradex XAU-USD-PERP	+0.0050%	8h	4,355.6	+0.007%	$19K	$6K	5x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,351.6	−0.084%	$14.4M	$55.6M	25x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,354.5	−0.017%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,352.4	−0.066%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,352.7	−0.059%	$273K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,348.5	−0.155%	$26K	$21K	20x	as long as short
Bullet GOLD-USD	+0.0102%	1h	4,355.5	+0.005%	$60K	$85K	10x	as long as short
HTX XAU-USDT	+0.0102%	4h	4,358.7	+0.080%	$2.8M	$3.8M	75x	as long as short
Phoenix GOLD	+0.0109%	1h	4,351.7	−0.082%	$48K	$65K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0157%	8h	4,356.7	+0.033%	$158.9M	$266.9M	100x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0208%	1h	4,351.8	−0.080%	$2.0M	$5.1M	25x	as long as short
BloFin XAU-USDTlong	+0.0240%	4h	4,355.3	long leg	$14.8M	$4.3M	100x
Phemex XAUUSDT	+0.0313%	4h	4,358.1	+0.065%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0388% / S −0.0197%	1h	4,355.3	0.000%	$251K	—	111x	as long as short