Funding you earn now, next payment 08:00 UTC−0.0091%/8h= −10.0% APRpaid last 24h −0.008%
Price spread now: edgeX against Bullet−0.225%67s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and edgeX is 0.225% cheaper against Bullet than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 67 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 | Bullet GOLD-USD | 4,319.6 | 0.0203 | pay 0.0025% / 1h | 12m 03s | $59K | $81K | 10x |
| Short | edgeX XAUUSDC | 4,309.9 | 0.0112 | get 0.0056% / 4h | 12m 03s | $30.0M | $60.5M | 50x |
Bullet GOLD-USD
edgeX XAUUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Bullet. 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
- −$19.13
- Price spread: −0.225% → 0.000%
- −$22.5
- Slippage, 4 orders
- no order book: not counted
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$58.62
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Bullet: no order-book sample; edgeX: live order book, 2 min ago. Net counts fees only.
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 Bullet no order-book sample | — | — | — | — | — |
| Sell edgeX live order book, 2 min ago | 0.35 bp | 4.8 bp −$5 | 4.8 bp −$48 | 7.9 bp −$791 | 37.6 bp −$18.8K |
Bullet: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 4,323.7 | +0.094% | $92K | $7.1M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,315.8 | −0.089% | $269K | — | 250x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.712% | $619 | $54 | 52x | as long as short |
| QFEX GOLD-USD | +0.0045% | 1h | 4,318.3 | −0.031% | $5.4M | $2.0M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,351.2 | +0.730% | — | $1.0M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,315.3 | −0.101% | $291.0M | $51.5M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,315.5 | −0.096% | $15.0M | $55.5M | 25x | as long as short |
| Bluefin GOLD-PERP | +0.0056% | 1h | 4,312.3 | −0.171% | $25K | $1K | 20x | as long as short |
| Aster XAUUSD1 | +0.0059% | 4h | 4,320.1 | +0.011% | $73.0M | $271.8M | 20x | as long as short |
| Paradex XAU-USD-PERP | +0.0063% | 8h | 4,318.8 | −0.020% | $2K | $14K | 5x | as long as short |
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Injective XAU/USDC PERP
QFEX GOLD-USD
Vest GC-PERP
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
Bluefin GOLD-PERP
Aster XAUUSD1
Paradex XAU-USD-PERPShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit XAUUSDT | +0.0067% | 4h | 4,319.7 | 0.000% | $77.9M | $153.6M | 150x | as long as short |
| Lighter XAU | +0.0072% | 1h | 4,317.9 | −0.040% | $20.3M | $30.1M | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0072% | 1h | 4,315.3 | −0.101% | $2.0M | $5.1M | 25x | as long as short |
| Hotstuff GOLD-PERP | +0.0088% | 1h | 4,316.3 | −0.078% | $32K | — | 25x | as long as short |
| StandX XAU-USD | +0.0093% | 1h | 4,320 | +0.008% | $3.8M | $4.5M | 40x | as long as short |
| Phoenix GOLD | +0.0096% | 1h | 4,314.7 | −0.115% | $42K | $79K | 25x | as long as short |
| Kalshi KXGOLDPERP | +0.0098% | 24h | 4,320.8 | +0.027% | $3.7M | $44.9M | 15x | as long as short |
| Variational Omni XAU | +0.0098% | 4h | 4,314 | −0.131% | $47.1M | $29.0M | — | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,315.9 | −0.086% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,311.4 | −0.191% | $271K | $209K | 50x | as long as short |
| Lighter RH XAU | +0.0104% | 1h | 4,320.2 | +0.013% | $20.0M | $40.0M | 25x | as long as short |
| MEXC XAU_USDT | +0.0110% | 4h | 4,318.6 | −0.025% | $363.4M | $335.8M | 1000x | as long as short |
| Binance XAUUSDT | +0.0111% | 4h | 4,318.6 | −0.025% | $429.7M | $2.14B | 100x | as long as short |
| Extended XAU-USD | +0.0112% | 1h | 4,315.7 | −0.090% | $13.2M | $36.7M | 25x | as long as short |
| GRVT XAU_USDT_Perp | +0.0112% | 4h | 4,315.1 | −0.106% | $1.4M | $3.0M | 25x | as long as short |
| Aevo XAU-PERP | +0.0112% | 1h | 4,318.7 | −0.021% | $160K | $87 | 10x | as long as short |
| edgeX XAUUSDCshort | +0.0112% | 4h | 4,309.9 | −0.225% | $30.0M | $60.5M | 50x | |
| Gate XAU_USDT | +0.0114% | 4h | 4,320.7 | +0.025% | $287.0M | $427.1M | 100x | as long as short |
| Bitget XAUUSDT | +0.0192% | 4h | 4,318.5 | −0.027% | $70.5M | $120.0M | 100x | as long as short |
| Bullet GOLD-USDlong | +0.0203% | 1h | 4,319.6 | long leg | $59K | $81K | 10x | |
| Polymarket Perps GOLD-USD | +0.0223% | 1h | 4,320.2 | +0.013% | $4.3M | $1.8M | 20x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0228% | 1h | 4,317.1 | −0.060% | $574K | $138K | 25x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0237% | 1h | 4,317.7 | −0.045% | $161K | $878K | 25x | as long as short |
| OKX XAU-USDT-SWAP | +0.0267% | 8h | 4,318.8 | −0.020% | $175.3M | $302.5M | 100x | as long as short |
| BloFin XAU-USDT | +0.0351% | 4h | 4,319.1 | −0.013% | $16.6M | $4.9M | 100x | as long as short |
| Phemex XAUUSDT | +0.0402% | 4h | 4,320.3 | +0.014% | $2.2M | $949K | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0466% / S −0.0311% | 1h | 4,319.6 | 0.000% | $254K | — | 111x | as long as short |
| HTX XAU-USDT | +0.0523% | 4h | 4,325.4 | +0.133% | $3.2M | $6.0M | 75x | as long as short |
| RISEx XAU/USDC | +0.0643% | 1h | 4,319.4 | −0.006% | $4.5M | $13.3M | 25x | as long as short |
Bybit XAUUSDT
Lighter XAU
Coinbase International GOLD-PERP-INTX
Hotstuff GOLD-PERP
StandX XAU-USD
Phoenix GOLD
Kalshi KXGOLDPERP
Variational Omni XAU
Pacifica XAU
ApeX Omni XAUUSDT
Lighter RH XAU
MEXC XAU_USDT
Binance XAUUSDT
Extended XAU-USD
GRVT XAU_USDT_Perp
Aevo XAU-PERP
Gate XAU_USDT
Bitget XAUUSDT
Polymarket Perps GOLD-USD
Kraken Futures PF_XAUUSD
Deribit GOLD_USDC-PERPETUAL
OKX XAU-USDT-SWAP
BloFin XAU-USDT
Phemex XAUUSDT
GMX GOLD/USD [ETH-USDC]
HTX XAU-USDT
RISEx XAU/USDC