XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0165%/8h= +18.1% APRnext payment +$0.21 per $10,000 · paid last 24h +0.051%

Price spread now: Deribit against Coinbase International+0.122%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$240.237% of the position

Long on Coinbase International Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.302%+$30 on $10k

Price spread, last 4 days (all we have)−0.121%−$12 · spread now +0.122%, 7d avg −0.009%

Together, before fees+0.181%+$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Deribit is 0.131% dearer against Coinbase International than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International GOLD-PERP-INTX	4,332	0	get 0.0000% / 1h	56m 23s	$2.1M	$5.3M	25x
Short	Deribit GOLD_USDC-PERPETUAL	4,337.3	0.0165	get 0.0021% / 1h	56m 23s	$135K	$707K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Coinbase International. 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 Coinbase InternationalbpFee DeribitbpOrdersPrice spread, now +0.122%Rate

Funding earned: $34.69
Price spread: +0.122% → −0.009%: $13.12
Slippage, 4 orders: −$6.68
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $24.13
Costs to cover: 0.237%
Break-even: 2.1 days

Slippage from Coinbase International: live order book, 6 min ago; Deribit: live order book, 55 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 Coinbase International live order book, 6 min ago	0.46 bp	5.6 bp −$6	8.0 bp −$80	38.9 bp −$3,889	doesn't fit
Sell Deribit live order book, 55 min ago	0.12 bp	8.0 bp −$8	9.8 bp −$98	doesn't fit	doesn't fit

XAU on 39 exchanges

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
Hotstuff GOLD-PERP	−3.0304%	1h	4,318.3	−0.316%	$32K	—	25x	as long as short
Bluefin GOLD-PERP	−0.0017%	1h	4,331.6	−0.010%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,342.9	+0.252%	$92K	$6.0M	20x	as long as short
Coinbase International GOLD-PERP-INTXlong	0.0000%	1h	4,332	long leg	$2.1M	$5.3M	25x
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,332.7	+0.016%	$279K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.425%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,340.9	+0.205%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0041%	1h	4,337.1	+0.118%	$6.7M	$3.2M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,371.1	+0.903%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,334.8	+0.065%	$292.6M	$53.0M	25x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,333.9	+0.043%	$15.1M	$59.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0055%	8h	4,337.5	+0.126%	$2K	$13K	5x	as long as short
Aster XAUUSD1	+0.0074%	4h	4,339.9	+0.182%	$72.8M	$275.9M	20x	as long as short
Phoenix GOLD	+0.0076%	1h	4,337.4	+0.125%	$43K	$70K	25x	as long as short
Variational Omni XAU	+0.0091%	4h	4,335.3	+0.077%	$47.3M	$29.3M	—	as long as short
Pacifica XAU	+0.0100%	1h	4,334.5	+0.058%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,336.8	+0.110%	$285K	$223K	50x	as long as short
Lighter XAU	+0.0104%	1h	4,338.1	+0.141%	$20.3M	$30.1M	25x	as long as short
Gate XAU_USDT	+0.0104%	4h	4,340	+0.184%	$300.9M	$440.3M	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,337.5	+0.127%	$161K	$87	10x	as long as short
Polymarket Perps GOLD-USD	+0.0105%	1h	4,337.6	+0.129%	$4.3M	$1.7M	20x	as long as short
Binance XAUUSDT	+0.0105%	4h	4,338.7	+0.154%	$443.4M	$2.43B	100x	as long as short
MEXC XAU_USDT	+0.0106%	4h	4,338.3	+0.145%	$366.7M	$349.6M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0112%	4h	4,340.2	+0.190%	$1.4M	$3.1M	25x	as long as short
edgeX XAUUSDC	+0.0115%	4h	4,330.4	−0.036%	$30.3M	$67.2M	50x	as long as short
Bybit XAUUSDT	+0.0125%	4h	4,340.1	+0.188%	$82.7M	$173.8M	150x	as long as short
Kalshi KXGOLDPERP	+0.0134%	24h	4,339.4	+0.171%	$3.5M	$51.0M	15x	as long as short
Lighter RH XAU	+0.0136%	1h	4,340	+0.185%	$19.7M	$39.3M	25x	as long as short
Extended XAU-USD	+0.0144%	1h	4,334.4	+0.056%	$12.6M	$34.8M	25x	as long as short
Deribit GOLD_USDC-PERPETUALshort	+0.0165%	1h	4,337.3	+0.122%	$135K	$707K	25x
Bullet GOLD-USD	+0.0200%	1h	4,338.4	+0.148%	$59K	$76K	10x	as long as short
RISEx XAU/USDC	+0.0205%	1h	4,338.7	+0.154%	$4.7M	$13.3M	25x	as long as short
Bitget XAUUSDT	+0.0220%	4h	4,338.8	+0.156%	$72.9M	$139.0M	100x	as long as short
Phemex XAUUSDT	+0.0224%	4h	4,340.7	+0.202%	$2.3M	$784K	100x	as long as short
OKX XAU-USDT-SWAP	+0.0241%	8h	4,339.2	+0.166%	$170.8M	$360.6M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0253%	1h	4,335.6	+0.082%	$584K	$167K	25x	as long as short
BloFin XAU-USDT	+0.0347%	4h	4,337.5	+0.127%	$16.3M	$5.3M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0460% / S −0.0308%	1h	4,337.1	+0.117%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.1109%	4h	4,344.4	+0.286%	$3.2M	$7.1M	75x	as long as short