Funding you earn now, next payment 00:00 UTC−0.0034%/8h= −3.8% APRpaid last 24h +0.003%
Price spread now: Phoenix against Bybit−0.037%46s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.084%+$8 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phoenix is 0.037% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.084%, so the current rate has only just turned against you. The two prices were read 46 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 | 4,364.5 | 0.0089 | pay 0.0045% / 4h | 3h 32m | $82.9M | $143.6M | 150x |
| Short | Phoenix GOLD | 4,362.9 | 0.0055 | get 0.0007% / 1h | 32m 43s | $48K | $64K | 25x |
Bybit XAUUSDT
Phoenix GOLDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- −$7.21
- Price spread: −0.037% → 0.000%
- −$3.71
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$28.92
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 1 min ago; Phoenix: 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 | 6.6 bp −$66 | 13.3 bp −$1,328 | 39.9 bp −$20.0K |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster XAUUSD1 | 0.0000% | 4h | 4,364.1 | −0.009% | $71.1M | $200.8M | 20x | as long as short |
| Gate XAU_USDT | 0.0000% | 4h | 4,365 | +0.011% | $265.6M | $414.2M | 100x | as long as short |
| Variational Omni XAU | 0.0000% | 4h | 4,365.3 | +0.019% | $48.6M | $27.5M | — | as long as short |
| Kalshi KXGOLDPERP | 0.0000% | 24h | 4,360.4 | −0.094% | $4.0M | $36.6M | 15x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,367.6 | +0.070% | $93K | $10.3M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,358.8 | −0.131% | $267K | — | 250x | as long as short |
| Hotstuff GOLD-PERP | +0.0008% | 1h | 4,360.1 | −0.101% | $33K | — | 25x | as long as short |
| MEXC XAU_USDT | +0.0008% | 4h | 4,363.9 | −0.015% | $373.4M | $325.2M | 1000x | as long as short |
| Binance XAUUSDT | +0.0011% | 4h | 4,364 | −0.013% | $410.7M | $2.15B | 100x | as long as short |
| edgeX XAUUSDC | +0.0022% | 4h | 4,359.4 | −0.117% | $30.3M | $60.5M | 50x | as long as short |
Aster XAUUSD1
Gate XAU_USDT
Variational Omni XAU
Kalshi KXGOLDPERP
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Hotstuff GOLD-PERP
MEXC XAU_USDT
Binance XAUUSDT
edgeX XAUUSDCShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | −0.323% | $619 | $54 | 52x | as long as short |
| BloFin XAU-USDT | +0.0035% | 4h | 4,363.8 | −0.016% | $15.5M | $4.5M | 100x | as long as short |
| Bitget XAUUSDT | +0.0038% | 4h | 4,364.3 | −0.005% | $69.6M | $113.3M | 100x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,365.8 | +0.029% | $3.8M | $4.7M | 40x | as long as short |
| QFEX GOLD-USD | +0.0045% | 1h | 4,362.8 | −0.039% | $5.6M | $1.9M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,397.3 | +0.751% | — | $1.0M | 25x | as long as short |
| RISEx XAU/USDC | +0.0048% | 1h | 4,363.9 | −0.013% | $3.4M | $12.3M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,360.3 | −0.097% | $293.9M | $52.4M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,358.9 | −0.128% | $14.7M | $57.2M | 25x | as long as short |
| Phoenix GOLDshort | +0.0055% | 1h | 4,362.9 | −0.037% | $48K | $64K | 25x | |
| Lighter XAU | +0.0072% | 1h | 4,362.6 | −0.045% | $20.6M | $43.9M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0079% | 8h | 4,363.2 | −0.030% | $19K | $5K | 5x | as long as short |
| Aevo XAU-PERP | +0.0080% | 1h | 4,362.7 | −0.042% | $162K | $87 | 10x | as long as short |
| Bybit XAUUSDTlong | +0.0089% | 4h | 4,364.5 | long leg | $82.9M | $143.6M | 150x | |
| Lighter RH XAU | +0.0096% | 1h | 4,365.1 | +0.012% | $20.2M | $40.9M | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0096% | 1h | 4,359.9 | −0.106% | $2.0M | $5.1M | 25x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,360.6 | −0.090% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,360.4 | −0.093% | $277K | $204K | 50x | as long as short |
| Extended XAU-USD | +0.0128% | 1h | 4,359.5 | −0.115% | $13.5M | $44.1M | 25x | as long as short |
| Polymarket Perps GOLD-USD | +0.0128% | 1h | 4,362.4 | −0.049% | $4.3M | $1.8M | 20x | as long as short |
| GRVT XAU_USDT_Perp | +0.0154% | 4h | 4,365.2 | +0.016% | $1.4M | $3.1M | 25x | as long as short |
| OKX XAU-USDT-SWAP | +0.0191% | 8h | 4,365.4 | +0.020% | $165.6M | $286.3M | 100x | as long as short |
| Bullet GOLD-USD | +0.0213% | 1h | 4,363.7 | −0.020% | $59K | $82K | 10x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0225% | 1h | 4,360.5 | −0.091% | $595K | $150K | 25x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0255% | 1h | 4,362 | −0.058% | $235K | $656K | 25x | as long as short |
| Bluefin GOLD-PERP | +0.0333% | 1h | 4,357 | −0.172% | $26K | $22K | 20x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0389% / S −0.0197% | 1h | 4,363.5 | −0.024% | $252K | — | 111x | as long as short |
| Phemex XAUUSDT | +0.0592% | 4h | 4,367.3 | +0.063% | $2.2M | $1.1M | 100x | as long as short |
| HTX XAU-USDT | +0.0649% | 4h | 4,368.8 | +0.099% | $2.9M | $3.9M | 75x | as long as short |
Injective XAU/USDC PERP
BloFin XAU-USDT
Bitget XAUUSDT
StandX XAU-USD
QFEX GOLD-USD
Vest GC-PERP
RISEx XAU/USDC
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
Lighter XAU
Paradex XAU-USD-PERP
Aevo XAU-PERP
Lighter RH XAU
Coinbase International GOLD-PERP-INTX
Pacifica XAU
ApeX Omni XAUUSDT
Extended XAU-USD
Polymarket Perps GOLD-USD
GRVT XAU_USDT_Perp
OKX XAU-USDT-SWAP
Bullet GOLD-USD
Kraken Futures PF_XAUUSD
Deribit GOLD_USDC-PERPETUAL
Bluefin GOLD-PERP
GMX GOLD/USD [ETH-USDC]
Phemex XAUUSDT
HTX XAU-USDT