Funding you earn now, next payment 08:00 UTC−0.0186%/8h= −20.4% APRnext payment −$0.93 per $10,000 · paid last 24h −0.080%
Price spread now: GRVT against BloFin−0.040%7-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−$25as in the Price arb table
costs, in and out, $10k−$220.220% of the position
Funding, last 7 days−0.346%−$35 on $10k
+Price spread, last 4 days (all we have)−0.006%−$1 · spread now −0.040%, 7d avg −0.006%
=Together, before fees−0.352%+ Points / potential airdropGRVT: Active · farm board−$35 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and GRVT is 0.034% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.006%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin XAU-USDT | 4,343.4 | 0.0352 | pay 0.0176% / 4h | 3h 47m | $15.6M | $4.4M | 100x |
| Short | GRVT XAU_USDT_Perp | 4,341.6 | 0.0166 | get 0.0083% / 4h | 3h 47m | $1.4M | $2.9M | 25x |
BloFin XAU-USDT
GRVT XAU_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$39.07
- Price spread: −0.040% → −0.006%
- −$3.38
- Slippage, 4 orders
- −$1.01
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$64.46
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 7 min ago; GRVT: 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 BloFin live order book, 7 min ago | 0.02 bp | 6.2 bp −$6 | 6.3 bp −$63 | 7.1 bp −$712 | doesn't fit |
| Sell GRVT live order book, 1 min ago | 0.01 bp | 4.5 bp −$5 | 4.5 bp −$45 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin GOLD-PERP | −0.0006% | 1h | 4,336.2 | −0.165% | $25K | $14K | 20x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,347.3 | +0.090% | $92K | $8.7M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,338.8 | −0.105% | $271K | — | 250x | as long as short |
| RISEx XAU/USDC | +0.0005% | 1h | 4,342.6 | −0.018% | $3.5M | $12.1M | 25x | as long as short |
| Lighter RH XAU | +0.0032% | 1h | 4,344 | +0.014% | $20.0M | $39.2M | 25x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,338.8 | −0.105% | $13.3M | $37.9M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.162% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,343.3 | −0.002% | $3.8M | $4.5M | 40x | as long as short |
| QFEX GOLD-USD | +0.0042% | 1h | 4,342.1 | −0.029% | $5.7M | $2.0M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,375.2 | +0.733% | — | $1.0M | 25x | as long as short |
Bluefin GOLD-PERP
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
RISEx XAU/USDC
Lighter RH XAU
Extended XAU-USD
Injective XAU/USDC PERP
StandX XAU-USD
QFEX GOLD-USD
Vest GC-PERPShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter XAU | +0.0048% | 1h | 4,342 | −0.032% | $20.8M | $34.5M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,339.8 | −0.082% | $293.5M | $49.0M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,339.4 | −0.092% | $15.1M | $56.8M | 25x | as long as short |
| Kalshi KXGOLDPERP | +0.0051% | 24h | 4,340.2 | −0.073% | $4.3M | $37.5M | 15x | as long as short |
| Gate XAU_USDT | +0.0052% | 4h | 4,344.5 | +0.026% | $267.9M | $411.8M | 100x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0056% | 1h | 4,340.1 | −0.076% | $2.1M | $4.8M | 25x | as long as short |
| Bybit XAUUSDT | +0.0058% | 4h | 4,343.8 | +0.009% | $80.5M | $150.6M | 150x | as long as short |
| Aster XAUUSD1 | +0.0074% | 4h | 4,344 | +0.013% | $71.5M | $332.5M | 20x | as long as short |
| Paradex XAU-USD-PERP | +0.0082% | 8h | 4,342.6 | −0.019% | $19K | $5K | 5x | as long as short |
| Variational Omni XAU | +0.0082% | 4h | 4,340.8 | −0.059% | $48.4M | $27.6M | — | as long as short |
| MEXC XAU_USDT | +0.0098% | 4h | 4,343.1 | −0.006% | $372.5M | $317.5M | 1000x | as long as short |
| Binance XAUUSDT | +0.0099% | 4h | 4,343.1 | −0.007% | $415.0M | $2.09B | 100x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,339.3 | −0.094% | $1.4M | $1.1M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,337 | −0.147% | $274K | $203K | 50x | as long as short |
| edgeX XAUUSDC | +0.0101% | 4h | 4,336.2 | −0.166% | $30.2M | $58.3M | 50x | as long as short |
| Aevo XAU-PERP | +0.0104% | 1h | 4,342.1 | −0.029% | $161K | $87 | 10x | as long as short |
| Hotstuff GOLD-PERP | +0.0112% | 1h | 4,339.6 | −0.087% | $33K | — | 25x | as long as short |
| Phemex XAUUSDT | +0.0133% | 4h | 4,343.9 | +0.013% | $2.2M | $967K | 100x | as long as short |
| Phoenix GOLD | +0.0136% | 1h | 4,338.3 | −0.117% | $47K | $77K | 25x | as long as short |
| GRVT XAU_USDT_Perpshort | +0.0166% | 4h | 4,341.6 | −0.040% | $1.4M | $2.9M | 25x | |
| Bullet GOLD-USD | +0.0214% | 1h | 4,343 | −0.008% | $59K | $82K | 10x | as long as short |
| Polymarket Perps GOLD-USD | +0.0218% | 1h | 4,343 | −0.009% | $4.3M | $2.0M | 20x | as long as short |
| Bitget XAUUSDT | +0.0242% | 4h | 4,343.6 | +0.005% | $71.1M | $109.4M | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0259% | 1h | 4,340.3 | −0.070% | $592K | $132K | 25x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0280% | 1h | 4,341.6 | −0.041% | $205K | $826K | 25x | as long as short |
| OKX XAU-USDT-SWAP | +0.0316% | 8h | 4,344.7 | +0.030% | $166.3M | $281.5M | 100x | as long as short |
| BloFin XAU-USDTlong | +0.0352% | 4h | 4,343.4 | long leg | $15.6M | $4.4M | 100x | |
| GMX GOLD/USD [ETH-USDC] | L +0.0426% / S −0.0251% | 1h | 4,343.1 | −0.005% | $250K | — | 111x | as long as short |
| HTX XAU-USDT | +0.0541% | 4h | 4,347.6 | +0.096% | $2.8M | $4.6M | 75x | as long as short |
Lighter XAU
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
Kalshi KXGOLDPERP
Gate XAU_USDT
Coinbase International GOLD-PERP-INTX
Bybit XAUUSDT
Aster XAUUSD1
Paradex XAU-USD-PERP
Variational Omni XAU
MEXC XAU_USDT
Binance XAUUSDT
Pacifica XAU
ApeX Omni XAUUSDT
edgeX XAUUSDC
Aevo XAU-PERP
Hotstuff GOLD-PERP
Phemex XAUUSDT
Phoenix GOLD
Bullet GOLD-USD
Polymarket Perps GOLD-USD
Bitget XAUUSDT
Kraken Futures PF_XAUUSD
Deribit GOLD_USDC-PERPETUAL
OKX XAU-USDT-SWAP
GMX GOLD/USD [ETH-USDC]
HTX XAU-USDT