Funding you earn now, next payment 04:00 UTC−0.0090%/8h= −9.9% APRpaid last 24h −0.019%
Price spread now: Hotstuff against Bybit−0.105%53s7-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 Hotstuff is 0.105% cheaper against Bybit than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 53 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 | 4,351.3 | 0.0234 | pay 0.0117% / 4h | 42m 48s | $85.0M | $144.9M | 150x |
| Short | Hotstuff GOLD-PERP | 4,346.7 | 0.0144 | get 0.0018% / 1h | 42m 48s | $33K | — | 25x |
Bybit XAUUSDT
Hotstuff GOLD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Bybit. 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
- −$18.94
- Price spread: −0.105% → 0.000%
- −$10.55
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$45.49
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 1 min ago; 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 Bybit live order book, 1 min ago | 0.01 bp | 5.5 bp −$6 | 7.2 bp −$72 | 10.7 bp −$1,069 | 29.8 bp −$14.9K |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| RISEx XAU/USDC | 0.0000% | 1h | 4,349.9 | −0.032% | $3.4M | $12.3M | 25x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,354.2 | +0.068% | $93K | $9.0M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,346.3 | −0.115% | $271K | — | 250x | as long as short |
| Gate XAU_USDT | +0.0016% | 4h | 4,351.2 | −0.002% | $268.9M | $410.2M | 100x | as long as short |
| Lighter XAU | +0.0032% | 1h | 4,348.7 | −0.060% | $20.8M | $37.8M | 25x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,345.9 | −0.124% | $13.3M | $38.5M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | −0.020% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,349.2 | −0.048% | $3.8M | $4.6M | 40x | as long as short |
| QFEX GOLD-USD | +0.0041% | 1h | 4,348.7 | −0.060% | $5.7M | $2.0M | 20x | as long as short |
| Kalshi KXGOLDPERP | +0.0044% | 24h | 4,348.1 | −0.073% | $4.2M | $37.1M | 15x | as long as short |
RISEx XAU/USDC
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Gate XAU_USDT
Lighter XAU
Extended XAU-USD
Injective XAU/USDC PERP
StandX XAU-USD
QFEX GOLD-USD
Kalshi KXGOLDPERPShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest GC-PERP | +0.0046% | 1h | 4,382.9 | +0.726% | — | $1.1M | 25x | as long as short |
| Lighter RH XAU | +0.0048% | 1h | 4,350.6 | −0.017% | $20.1M | $39.2M | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0048% | 1h | 4,342.7 | −0.197% | $2.0M | $4.9M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,346.7 | −0.105% | $293.9M | $48.7M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,346.4 | −0.111% | $15.1M | $56.8M | 25x | as long as short |
| Aster XAUUSD1 | +0.0060% | 4h | 4,350.5 | −0.018% | $71.0M | $333.8M | 20x | as long as short |
| Variational Omni XAU | +0.0077% | 4h | 4,347.1 | −0.096% | $48.4M | $27.7M | — | as long as short |
| GRVT XAU_USDT_Perp | +0.0084% | 4h | 4,348.8 | −0.057% | $1.4M | $3.0M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0087% | 8h | 4,349.9 | −0.032% | $19K | $5K | 5x | as long as short |
| MEXC XAU_USDT | +0.0092% | 4h | 4,350 | −0.030% | $371.4M | $316.8M | 1000x | as long as short |
| Binance XAUUSDT | +0.0093% | 4h | 4,349.9 | −0.032% | $414.5M | $2.09B | 100x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,346.5 | −0.110% | $1.4M | $1.1M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,345.3 | −0.137% | $275K | $203K | 50x | as long as short |
| edgeX XAUUSDC | +0.0102% | 4h | 4,341.5 | −0.224% | $30.2M | $58.5M | 50x | as long as short |
| Aevo XAU-PERP | +0.0104% | 1h | 4,349.5 | −0.041% | $161K | $87 | 10x | as long as short |
| Phoenix GOLD | +0.0142% | 1h | 4,346.7 | −0.105% | $47K | $77K | 25x | as long as short |
| Hotstuff GOLD-PERPshort | +0.0144% | 1h | 4,346.7 | −0.105% | $33K | — | 25x | |
| Polymarket Perps GOLD-USD | +0.0163% | 1h | 4,349.6 | −0.039% | $4.3M | $1.9M | 20x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0194% | 1h | 4,347 | −0.098% | $593K | $133K | 25x | as long as short |
| Phemex XAUUSDT | +0.0196% | 4h | 4,350.2 | −0.026% | $2.2M | $967K | 100x | as long as short |
| Bullet GOLD-USD | +0.0214% | 1h | 4,350.2 | −0.026% | $60K | $82K | 10x | as long as short |
| Bitget XAUUSDT | +0.0232% | 4h | 4,350.1 | −0.027% | $70.0M | $109.2M | 100x | as long as short |
| Bybit XAUUSDTlong | +0.0234% | 4h | 4,351.3 | long leg | $85.0M | $144.9M | 150x | |
| OKX XAU-USDT-SWAP | +0.0280% | 8h | 4,351.2 | −0.002% | $165.5M | $281.7M | 100x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0302% | 1h | 4,349.1 | −0.050% | $244K | $787K | 25x | as long as short |
| BloFin XAU-USDT | +0.0338% | 4h | 4,350.2 | −0.026% | $15.6M | $4.5M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0412% / S −0.0228% | 1h | 4,350.2 | −0.026% | $248K | — | 111x | as long as short |
| HTX XAU-USDT | +0.0628% | 4h | 4,354.5 | +0.074% | $2.9M | $4.3M | 75x | as long as short |
| Bluefin GOLD-PERP | +0.0949% | 1h | 4,342.7 | −0.197% | $25K | $14K | 20x | as long as short |
Vest GC-PERP
Lighter RH XAU
Coinbase International GOLD-PERP-INTX
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
Aster XAUUSD1
Variational Omni XAU
GRVT XAU_USDT_Perp
Paradex XAU-USD-PERP
MEXC XAU_USDT
Binance XAUUSDT
Pacifica XAU
ApeX Omni XAUUSDT
edgeX XAUUSDC
Aevo XAU-PERP
Phoenix GOLD
Polymarket Perps GOLD-USD
Kraken Futures PF_XAUUSD
Phemex XAUUSDT
Bullet GOLD-USD
Bitget XAUUSDT
OKX XAU-USDT-SWAP
Deribit GOLD_USDC-PERPETUAL
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]
HTX XAU-USDT
Bluefin GOLD-PERP