Funding you earn now, next payment 01:00 UTC−0.0142%/8h= −15.6% APRnext payment −$0.18 per $10,000 · paid last 24h −0.028%
Price spread now: tradeXYZ against Bullet−0.087%59s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 −$4 a day on $10k at the current rate, and tradeXYZ is 0.087% cheaper against Bullet than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. 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 | Bullet GOLD-USD | 4,375.6 | 0.0192 | pay 0.0024% / 1h | 45m 31s | $59K | $82K | 10x |
| Short | tradeXYZ xyz:GOLD | 4,371.8 | 0.0050 | get 0.0006% / 1h | 45m 31s | $294.7M | $52.5M | 25x |
Bullet GOLD-USD
tradeXYZ xyz:GOLDFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$29.83
- Price spread: −0.087% → 0.000%
- −$8.67
- Slippage, 4 orders
- no order book: not counted
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$64.49
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage unknown: Bullet: no order-book sample; tradeXYZ: live order book, 3 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 tradeXYZ live order book, 3 min ago | 0.11 bp | 9.1 bp −$9 | 9.8 bp −$98 | 11.4 bp −$1,143 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin GOLD-PERP | −0.0105% | 1h | 4,369.4 | −0.142% | $26K | $21K | 20x | as long as short |
| Hotstuff GOLD-PERP | −0.0080% | 1h | 4,372 | −0.082% | $33K | — | 25x | as long as short |
| Aster XAUUSD1 | 0.0000% | 4h | 4,376.1 | +0.011% | $71.2M | $207.5M | 20x | as long as short |
| Binance XAUUSDT | 0.0000% | 4h | 4,376.1 | +0.011% | $410.2M | $2.15B | 100x | as long as short |
| Gate XAU_USDT | 0.0000% | 4h | 4,376.6 | +0.024% | $266.2M | $410.3M | 100x | as long as short |
| MEXC XAU_USDT | 0.0000% | 4h | 4,376.1 | +0.013% | $375.8M | $321.6M | 1000x | as long as short |
| Variational Omni XAU | 0.0000% | 4h | 4,375.1 | −0.011% | $48.7M | $27.7M | — | as long as short |
| Kalshi KXGOLDPERP | 0.0000% | 24h | 4,372.2 | −0.078% | $4.0M | $36.6M | 15x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,380.2 | +0.105% | $93K | $10.4M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,371.6 | −0.092% | $268K | — | 250x | as long as short |
Bluefin GOLD-PERP
Hotstuff GOLD-PERP
Aster XAUUSD1
Binance XAUUSDT
Gate XAU_USDT
MEXC XAU_USDT
Variational Omni XAU
Kalshi KXGOLDPERP
SunX XAU-USDT
gTrade (Gains Network) XAU/USDShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XAUUSDT | +0.0008% | 4h | 4,376.2 | +0.013% | $69.7M | $113.9M | 100x | as long as short |
| edgeX XAUUSDC | +0.0018% | 4h | 4,371.2 | −0.101% | $30.4M | $60.2M | 50x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | −0.575% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,376 | +0.009% | $3.8M | $4.7M | 40x | as long as short |
| QFEX GOLD-USD | +0.0045% | 1h | 4,375.1 | −0.011% | $5.6M | $1.9M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,409.8 | +0.782% | — | $1.0M | 25x | as long as short |
| RISEx XAU/USDC | +0.0048% | 1h | 4,376 | +0.010% | $3.4M | $12.3M | 25x | as long as short |
| tradeXYZ xyz:GOLDshort | +0.0050% | 1h | 4,371.8 | −0.087% | $294.7M | $52.5M | 25x | |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,371.5 | −0.094% | $14.7M | $57.3M | 25x | as long as short |
| Phoenix GOLD | +0.0055% | 1h | 4,375.3 | −0.007% | $48K | $64K | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0071% | 8h | 4,375.7 | +0.002% | $19K | $5K | 5x | as long as short |
| Lighter XAU | +0.0072% | 1h | 4,374.9 | −0.016% | $20.8M | $43.4M | 25x | as long as short |
| Aevo XAU-PERP | +0.0080% | 1h | 4,375 | −0.014% | $162K | $87 | 10x | as long as short |
| Lighter RH XAU | +0.0088% | 1h | 4,377.3 | +0.040% | $20.3M | $40.9M | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0096% | 1h | 4,372.2 | −0.078% | $2.0M | $5.1M | 25x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,372.7 | −0.066% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,374 | −0.036% | $277K | $204K | 50x | as long as short |
| Polymarket Perps GOLD-USD | +0.0113% | 1h | 4,375.2 | −0.009% | $4.3M | $1.8M | 20x | as long as short |
| Extended XAU-USD | +0.0120% | 1h | 4,371.8 | −0.088% | $13.3M | $44.1M | 25x | as long as short |
| GRVT XAU_USDT_Perp | +0.0138% | 4h | 4,376.4 | +0.019% | $1.4M | $3.1M | 25x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0162% | 1h | 4,374 | −0.036% | $236K | $655K | 25x | as long as short |
| OKX XAU-USDT-SWAP | +0.0174% | 8h | 4,378.4 | +0.064% | $166.4M | $287.1M | 100x | as long as short |
| Bybit XAUUSDT | +0.0182% | 4h | 4,376.8 | +0.028% | $83.4M | $144.0M | 150x | as long as short |
| Bullet GOLD-USDlong | +0.0192% | 1h | 4,375.6 | long leg | $59K | $82K | 10x | |
| Kraken Futures PF_XAUUSD | +0.0225% | 1h | 4,373.2 | −0.054% | $596K | $146K | 25x | as long as short |
| BloFin XAU-USDT | +0.0240% | 4h | 4,374.8 | −0.018% | $15.0M | $4.6M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0390% / S −0.0197% | 1h | 4,376 | +0.009% | $252K | — | 111x | as long as short |
| Phemex XAUUSDT | +0.0474% | 4h | 4,378.2 | +0.061% | $2.2M | $1.1M | 100x | as long as short |
| HTX XAU-USDT | +0.0582% | 4h | 4,380.4 | +0.109% | $2.9M | $3.8M | 75x | as long as short |
Bitget XAUUSDT
edgeX XAUUSDC
Injective XAU/USDC PERP
StandX XAU-USD
QFEX GOLD-USD
Vest GC-PERP
RISEx XAU/USDC
Ondo Perps XAU-USD.P
Phoenix GOLD
Paradex XAU-USD-PERP
Lighter XAU
Aevo XAU-PERP
Lighter RH XAU
Coinbase International GOLD-PERP-INTX
Pacifica XAU
ApeX Omni XAUUSDT
Polymarket Perps GOLD-USD
Extended XAU-USD
GRVT XAU_USDT_Perp
Deribit GOLD_USDC-PERPETUAL
OKX XAU-USDT-SWAP
Bybit XAUUSDT
Kraken Futures PF_XAUUSD
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]
Phemex XAUUSDT
HTX XAU-USDT