XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h −0.009%

Price spread now: Extended against Coinbase International−0.023%7-day average +0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$160.159% of the position

Long on Coinbase International Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.462%−$46 on $10k

Price spread, last 3 days (all we have)+0.030%+$3 · spread now −0.023%, 7d avg +0.041%

Together, before fees−0.432%+ Points / potential airdropExtended: Active · farm board−$43 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.064% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.023% now, against its 7-day average of +0.041%). If the spread goes back, that is −$6 on $10k: about 6.7 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.462%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International GOLD-PERP-INTX	4,360.1	0.0096	pay 0.0012% / 1h	32m 18s	$2.0M	$5.1M	25x
Short	Extended XAU-USD	4,359.1	0.0128	get 0.0016% / 1h	32m 18s	$13.5M	$44.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.023%Rate

Funding earned: $6.72
Price spread: −0.023% → +0.041%: −$6.4
Slippage, 4 orders: −$0.88
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$15.56
Costs to cover: 0.159%
Break-even: 23.2 days

Slippage from Coinbase International: live order book, 2 min ago; Extended: live order book, 2 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, 2 min ago	0.12 bp	5.3 bp −$5	7.9 bp −$79	47.9 bp −$4,793	doesn't fit
Sell Extended live order book, 2 min ago	0.12 bp	2.8 bp −$3	4.8 bp −$48	8.0 bp −$805	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
Aster XAUUSD1	0.0000%	4h	4,364.1	+0.091%	$71.1M	$200.8M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,364.3	+0.095%	$265.6M	$414.3M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,365.3	+0.120%	$48.6M	$27.5M	—	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,360.4	+0.007%	$4.0M	$36.6M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,367.5	+0.169%	$93K	$10.3M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,359.1	−0.022%	$267K	—	250x	as long as short
MEXC XAU_USDT	+0.0008%	4h	4,363.7	+0.082%	$373.5M	$325.2M	1000x	as long as short
Binance XAUUSDT	+0.0011%	4h	4,363.4	+0.075%	$410.6M	$2.15B	100x	as long as short
edgeX XAUUSDC	+0.0022%	4h	4,359.4	−0.015%	$30.3M	$60.5M	50x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.222%	$619	$54	52x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin XAU-USDT	+0.0035%	4h	4,363.8	+0.086%	$15.5M	$4.5M	100x	as long as short
Bitget XAUUSDT	+0.0038%	4h	4,363.5	+0.078%	$69.6M	$113.3M	100x	as long as short
StandX XAU-USD	+0.0040%	1h	4,363.9	+0.087%	$3.8M	$4.7M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,363.4	+0.076%	$5.6M	$1.9M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,397.3	+0.853%	—	$1.0M	25x	as long as short
RISEx XAU/USDC	+0.0048%	1h	4,363.9	+0.088%	$3.4M	$12.3M	25x	as long as short
Hotstuff GOLD-PERP	+0.0048%	1h	4,360.3	+0.005%	$33K	—	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,360	−0.002%	$293.9M	$52.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,358.9	−0.027%	$14.7M	$57.2M	25x	as long as short
Phoenix GOLD	+0.0055%	1h	4,362.9	+0.064%	$48K	$64K	25x	as long as short
Lighter XAU	+0.0072%	1h	4,362.6	+0.057%	$20.6M	$43.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0079%	8h	4,363.2	+0.071%	$19K	$5K	5x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,362.6	+0.057%	$162K	$87	10x	as long as short
Bybit XAUUSDT	+0.0089%	4h	4,363.8	+0.086%	$82.9M	$143.6M	150x	as long as short
Lighter RH XAU	+0.0096%	1h	4,365.1	+0.114%	$20.2M	$40.9M	25x	as long as short
Coinbase International GOLD-PERP-INTXlong	+0.0096%	1h	4,360.1	long leg	$2.0M	$5.1M	25x
Pacifica XAU	+0.0100%	1h	4,360.6	+0.011%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,360.4	+0.008%	$277K	$204K	50x	as long as short
Extended XAU-USDshort	+0.0128%	1h	4,359.1	−0.023%	$13.5M	$44.1M	25x
Polymarket Perps GOLD-USD	+0.0129%	1h	4,363	+0.067%	$4.3M	$1.8M	20x	as long as short
GRVT XAU_USDT_Perp	+0.0154%	4h	4,365.2	+0.118%	$1.4M	$3.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0192%	8h	4,364.9	+0.110%	$165.6M	$286.3M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0209%	1h	4,361.5	+0.032%	$235K	$656K	25x	as long as short
Bullet GOLD-USD	+0.0213%	1h	4,363.5	+0.078%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,360.6	+0.012%	$595K	$150K	25x	as long as short
Bluefin GOLD-PERP	+0.0284%	1h	4,357	−0.071%	$26K	$22K	20x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,363.4	+0.075%	$252K	—	111x	as long as short
Phemex XAUUSDT	+0.0592%	4h	4,367.3	+0.165%	$2.2M	$1.1M	100x	as long as short
HTX XAU-USDT	+0.0649%	4h	4,368.8	+0.200%	$2.9M	$3.9M	75x	as long as short