XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0082%/8h= −9.0% APRnext payment −$0.10 per $10,000 · paid last 24h −0.029%

Price spread now: Hotstuff against Bullet−0.057%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bullet Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Hotstuff is 0.057% cheaper against Bullet than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet GOLD-USD	4,322.5	0.0186	pay 0.0023% / 1h	5m 26s	$59K	$82K	10x
Short	Hotstuff GOLD-PERP	4,320	0.0104	get 0.0013% / 1h	5m 26s	$32K	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Bullet. 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 BulletbpFee HotstuffbpOrdersPrice spread, now −0.057%Rate

Funding earned: −$17.17
Price spread: −0.057% → 0.000%: −$5.74
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$35.91
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Bullet: no order-book sample; Hotstuff: no order-book sample. 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 Hotstuff no order-book sample	—	—	—	—	—

Bullet and Hotstuff: 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
Bluefin GOLD-PERP	−0.0050%	1h	4,317.1	−0.124%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,327.8	+0.122%	$92K	$7.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,318.2	−0.099%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0023%	4h	4,323.1	+0.015%	$77.0M	$154.3M	150x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.646%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,326	+0.081%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,322	−0.011%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,355	+0.752%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,318.4	−0.094%	$291.5M	$51.3M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,318.5	−0.093%	$15.0M	$55.7M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XAUUSD1	+0.0058%	4h	4,323.7	+0.029%	$72.6M	$273.5M	20x	as long as short
Lighter XAU	+0.0064%	1h	4,321.9	−0.013%	$20.3M	$30.8M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,320.2	−0.053%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0077%	8h	4,322.4	−0.003%	$2K	$14K	5x	as long as short
Kalshi KXGOLDPERP	+0.0083%	24h	4,324.3	+0.042%	$3.8M	$44.1M	15x	as long as short
Variational Omni XAU	+0.0093%	4h	4,322.6	+0.002%	$47.2M	$29.1M	—	as long as short
GRVT XAU_USDT_Perp	+0.0094%	4h	4,324.3	+0.043%	$1.4M	$3.0M	25x	as long as short
MEXC XAU_USDT	+0.0098%	4h	4,322.3	−0.004%	$365.4M	$336.2M	1000x	as long as short
Binance XAUUSDT	+0.0099%	4h	4,322.2	−0.007%	$423.7M	$2.14B	100x	as long as short
Phoenix GOLD	+0.0100%	1h	4,320.6	−0.044%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,319.2	−0.076%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,321.5	−0.024%	$272K	$208K	50x	as long as short
Hotstuff GOLD-PERPshort	+0.0104%	1h	4,320	−0.057%	$32K	—	25x
Aevo XAU-PERP	+0.0104%	1h	4,321.4	−0.024%	$160K	$87	10x	as long as short
Gate XAU_USDT	+0.0106%	4h	4,323.8	+0.030%	$278.6M	$425.4M	100x	as long as short
Lighter RH XAU	+0.0112%	1h	4,324.5	+0.046%	$20.0M	$39.5M	25x	as long as short
edgeX XAUUSDC	+0.0114%	4h	4,321.1	−0.032%	$30.1M	$59.8M	50x	as long as short
Extended XAU-USD	+0.0120%	1h	4,319	−0.081%	$12.9M	$36.6M	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0153%	1h	4,320.6	−0.042%	$577K	$135K	25x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,325.1	+0.061%	$4.0M	$12.8M	25x	as long as short
Bullet GOLD-USDlong	+0.0186%	1h	4,322.5	long leg	$59K	$82K	10x
Bitget XAUUSDT	+0.0210%	4h	4,322.2	−0.008%	$67.6M	$118.6M	100x	as long as short
Polymarket Perps GOLD-USD	+0.0216%	1h	4,322.4	−0.002%	$4.3M	$2.0M	20x	as long as short
OKX XAU-USDT-SWAP	+0.0296%	8h	4,323.4	+0.021%	$173.1M	$300.9M	100x	as long as short
HTX XAU-USDT	+0.0298%	4h	4,329.1	+0.154%	$3.2M	$5.8M	75x	as long as short
Phemex XAUUSDT	+0.0322%	4h	4,326.1	+0.083%	$2.2M	$976K	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0329%	1h	4,322.5	0.000%	$190K	$840K	25x	as long as short
BloFin XAU-USDT	+0.0340%	4h	4,324.5	+0.046%	$16.2M	$4.6M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0461% / S −0.0307%	1h	4,322.5	0.000%	$252K	—	111x	as long as short