Funding you earn now, next payment 12:00 UTC−0.0113%/8h= −12.4% APRnext payment −$0.57 per $10,000 · paid last 24h +0.045%
Price spread now: Phemex against BloFin+0.049%59s7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$82as 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−$730.727% of the position
Funding, last 7 days−0.094%−$9 on $10k
+Price spread, last 4 days (all we have)−0.023%−$2 · spread now +0.049%, 7d avg +0.028%
=The price spread pays, funding is against you. Phemex is 0.021% dearer against BloFin than usual: you sell high and buy low (spread +0.049% now, against its 7-day average of +0.028%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.094% in total) that is about 37 hours. The two prices were read 59 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 | 4,334.6 | 0.0321 | pay 0.0160% / 4h | 1h 27m | $16.4M | $5.3M | 100x |
| Short | Phemex XAUUSDT | 4,336.7 | 0.0208 | get 0.0104% / 4h | 1h 27m | $2.3M | $777K | 100x |
BloFin XAU-USDT
Phemex XAUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$23.74
- Price spread: +0.049% → +0.028%
- $2.09
- Slippage, 4 orders
- −$48.71
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$94.37
- Costs to cover
- 0.727%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 min ago; Phemex: live order book, 4 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, 4 min ago | 0.02 bp | 6.0 bp −$6 | 6.2 bp −$62 | 7.6 bp −$756 | doesn't fit |
| Sell Phemex live order book, 4 min ago | 1.79 bp | 28.3 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
XAU on 39 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff GOLD-PERP | −3.2000% | 1h | 4,331.1 | −0.080% | $32K | — | 25x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,338.2 | +0.082% | $92K | $5.8M | 20x | as long as short |
| Coinbase International GOLD-PERP-INTX | 0.0000% | 1h | 4,328.4 | −0.143% | $2.1M | $5.0M | 25x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,330.4 | −0.096% | $304K | — | 250x | as long as short |
| Bluefin GOLD-PERP | +0.0024% | 1h | 4,327.8 | −0.155% | $25K | $1K | 20x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0027% | 1h | 4,332.6 | −0.046% | $135K | $708K | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.365% | $619 | $54 | 52x | as long as short |
| Aster XAUUSD1 | +0.0038% | 4h | 4,335.4 | +0.019% | $72.1M | $276.1M | 20x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,334.9 | +0.007% | $3.8M | $4.5M | 40x | as long as short |
| QFEX GOLD-USD | +0.0041% | 1h | 4,332.9 | −0.039% | $6.7M | $3.2M | 20x | as long as short |
Hotstuff GOLD-PERP
SunX XAU-USDT
Coinbase International GOLD-PERP-INTX
gTrade (Gains Network) XAU/USD
Bluefin GOLD-PERP
Deribit GOLD_USDC-PERPETUAL
Injective XAU/USDC PERP
Aster XAUUSD1
StandX XAU-USD
QFEX GOLD-USDShow all 39 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest GC-PERP | +0.0046% | 1h | 4,366.8 | +0.743% | — | $1.0M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,331.4 | −0.073% | $292.8M | $51.7M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,329.9 | −0.109% | $15.1M | $59.7M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0053% | 8h | 4,333.5 | −0.025% | $2K | $13K | 5x | as long as short |
| Variational Omni XAU | +0.0064% | 4h | 4,333.5 | −0.025% | $47.3M | $28.7M | — | as long as short |
| Lighter XAU | +0.0072% | 1h | 4,333.8 | −0.018% | $20.1M | $30.4M | 25x | as long as short |
| Gate XAU_USDT | +0.0076% | 4h | 4,335.9 | +0.030% | $298.6M | $447.6M | 100x | as long as short |
| MEXC XAU_USDT | +0.0078% | 4h | 4,334.3 | −0.006% | $368.4M | $355.4M | 1000x | as long as short |
| GRVT XAU_USDT_Perp | +0.0078% | 4h | 4,334.1 | −0.011% | $1.4M | $3.1M | 25x | as long as short |
| Binance XAUUSDT | +0.0079% | 4h | 4,333.9 | −0.017% | $441.4M | $2.43B | 100x | as long as short |
| edgeX XAUUSDC | +0.0082% | 4h | 4,330.2 | −0.100% | $30.3M | $66.5M | 50x | as long as short |
| Lighter RH XAU | +0.0096% | 1h | 4,336.1 | +0.034% | $19.7M | $40.0M | 25x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,330.8 | −0.087% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,329.9 | −0.109% | $287K | $227K | 50x | as long as short |
| Aevo XAU-PERP | +0.0104% | 1h | 4,332.9 | −0.039% | $160K | $87 | 10x | as long as short |
| Polymarket Perps GOLD-USD | +0.0116% | 1h | 4,334.2 | −0.009% | $4.3M | $1.7M | 20x | as long as short |
| Phoenix GOLD | +0.0127% | 1h | 4,332 | −0.060% | $43K | $71K | 25x | as long as short |
| Bybit XAUUSDT | +0.0127% | 4h | 4,334.9 | +0.007% | $82.7M | $169.2M | 150x | as long as short |
| Kalshi KXGOLDPERP | +0.0140% | 24h | 4,335.3 | +0.017% | $3.5M | $51.2M | 15x | as long as short |
| Extended XAU-USD | +0.0144% | 1h | 4,330.4 | −0.096% | $12.5M | $34.5M | 25x | as long as short |
| Bullet GOLD-USD | +0.0159% | 1h | 4,334.2 | −0.008% | $59K | $77K | 10x | as long as short |
| Bitget XAUUSDT | +0.0198% | 4h | 4,334.3 | −0.008% | $72.7M | $139.9M | 100x | as long as short |
| RISEx XAU/USDC | +0.0205% | 1h | 4,334.1 | −0.012% | $4.7M | $13.2M | 25x | as long as short |
| Phemex XAUUSDTshort | +0.0208% | 4h | 4,336.7 | +0.049% | $2.3M | $777K | 100x | |
| OKX XAU-USDT-SWAP | +0.0232% | 8h | 4,334.6 | 0.000% | $170.8M | $361.4M | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0253% | 1h | 4,331.2 | −0.078% | $583K | $167K | 25x | as long as short |
| BloFin XAU-USDTlong | +0.0321% | 4h | 4,334.6 | long leg | $16.4M | $5.3M | 100x | |
| GMX GOLD/USD [ETH-USDC] | L +0.0461% / S −0.0308% | 1h | 4,335.2 | +0.014% | $254K | — | 111x | as long as short |
| HTX XAU-USDT | +0.1046% | 4h | 4,340.1 | +0.127% | $3.2M | $7.1M | 75x | as long as short |
Vest GC-PERP
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
Paradex XAU-USD-PERP
Variational Omni XAU
Lighter XAU
Gate XAU_USDT
MEXC XAU_USDT
GRVT XAU_USDT_Perp
Binance XAUUSDT
edgeX XAUUSDC
Lighter RH XAU
Pacifica XAU
ApeX Omni XAUUSDT
Aevo XAU-PERP
Polymarket Perps GOLD-USD
Phoenix GOLD
Bybit XAUUSDT
Kalshi KXGOLDPERP
Extended XAU-USD
Bullet GOLD-USD
Bitget XAUUSDT
RISEx XAU/USDC
OKX XAU-USDT-SWAP
Kraken Futures PF_XAUUSD
GMX GOLD/USD [ETH-USDC]
HTX XAU-USDT