XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0085%/8h= +9.3% APRnext payment +$0.43 per $10,000 · paid last 24h +0.080%

Price spread now: BloFin against Bybit−0.025%92s7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs+$13as 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−$240.241% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.374%+$37 on $10k

Price spread, last 4 days (all we have)+0.161%+$16 · spread now −0.025%, 7d avg −0.010%

Together, before fees+0.535%+$54 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 92 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	Bybit XAUUSDT	4,349.2	0.0208	pay 0.0104% / 4h	1h 05m	$84.4M	$145.4M	150x
Short	BloFin XAU-USDT	4,348.1	0.0293	get 0.0147% / 4h	1h 05m	$15.5M	$4.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. 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 BybitbpFee BloFinbpOrdersPrice spread, now −0.025%Rate

Funding earned: $17.85
Price spread: −0.025% → −0.010%: −$1.5
Slippage, 4 orders: −$1.05
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$7.7
Costs to cover: 0.241%
Break-even: 10.0 days

Slippage from Bybit: live order book, 3 min ago; BloFin: live order book, 3 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 Bybit live order book, 3 min ago	0.01 bp	6.0 bp −$6	7.5 bp −$75	11.8 bp −$1,181	33.4 bp −$16.7K
Sell BloFin live order book, 3 min ago	0.26 bp	6.3 bp −$6	6.3 bp −$63	7.7 bp −$773	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
Gate XAU_USDT	0.0000%	4h	4,349.6	+0.009%	$264.2M	$417.2M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,351.7	+0.057%	$92K	$9.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,342.7	−0.149%	$266K	—	250x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,347.5	−0.040%	$3.4M	$12.4M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,343.3	−0.135%	$13.4M	$38.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.028%	$619	$54	52x	as long as short
Aster XAUUSD1	+0.0040%	4h	4,348.2	−0.024%	$70.8M	$334.0M	20x	as long as short
StandX XAU-USD	+0.0040%	1h	4,348.4	−0.019%	$3.8M	$4.6M	40x	as long as short
Kalshi KXGOLDPERP	+0.0041%	24h	4,345.6	−0.083%	$4.1M	$37.1M	15x	as long as short
Vest GC-PERP	+0.0046%	1h	4,380.3	+0.715%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USD	+0.0046%	1h	4,347	−0.051%	$5.7M	$2.0M	20x	as long as short
Lighter XAU	+0.0048%	1h	4,346.7	−0.057%	$20.6M	$42.6M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,343.9	−0.122%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,344.7	−0.104%	$293.8M	$48.9M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,344	−0.120%	$15.1M	$56.8M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0054%	4h	4,350.1	+0.020%	$1.4M	$2.9M	25x	as long as short
Lighter RH XAU	+0.0056%	1h	4,348.8	−0.010%	$20.1M	$39.9M	25x	as long as short
Variational Omni XAU	+0.0057%	4h	4,346	−0.073%	$48.5M	$27.7M	—	as long as short
Hotstuff GOLD-PERP	+0.0064%	1h	4,344.7	−0.104%	$33K	—	25x	as long as short
MEXC XAU_USDT	+0.0074%	4h	4,347.8	−0.033%	$370.9M	$320.6M	1000x	as long as short
Binance XAUUSDT	+0.0074%	4h	4,347.5	−0.039%	$410.5M	$2.10B	100x	as long as short
Paradex XAU-USD-PERP	+0.0078%	8h	4,347.6	−0.037%	$19K	$5K	5x	as long as short
edgeX XAUUSDC	+0.0081%	4h	4,345.3	−0.090%	$30.3M	$58.5M	50x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,345.9	−0.077%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,344	−0.120%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,347	−0.051%	$275K	$203K	50x	as long as short
Polymarket Perps GOLD-USD	+0.0116%	1h	4,346.3	−0.067%	$4.3M	$1.9M	20x	as long as short
Phoenix GOLD	+0.0136%	1h	4,348.6	−0.014%	$47K	$77K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0187%	1h	4,345.1	−0.095%	$253K	$752K	25x	as long as short
Bullet GOLD-USD	+0.0192%	1h	4,347.1	−0.049%	$60K	$83K	10x	as long as short
Phemex XAUUSDT	+0.0199%	4h	4,350.6	+0.031%	$2.2M	$1.1M	100x	as long as short
Bybit XAUUSDTlong	+0.0208%	4h	4,349.2	long leg	$84.4M	$145.4M	150x
Bitget XAUUSDT	+0.0216%	4h	4,348.3	−0.022%	$70.2M	$109.3M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0259%	8h	4,349.1	−0.003%	$165.3M	$283.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0270%	1h	4,344.1	−0.118%	$593K	$133K	25x	as long as short
BloFin XAU-USDTshort	+0.0293%	4h	4,348.1	−0.025%	$15.5M	$4.6M	100x
GMX GOLD/USD [ETH-USDC]	L +0.0405% / S −0.0220%	1h	4,346.9	−0.054%	$248K	—	111x	as long as short
Bluefin GOLD-PERP	+0.0426%	1h	4,342.3	−0.159%	$25K	$14K	20x	as long as short
HTX XAU-USDT	+0.0588%	4h	4,353.1	+0.089%	$2.9M	$4.2M	75x	as long as short