Funding you earn now, next payment 23:00 UTC−0.0149%/8h= −16.3% APRnext payment −$0.19 per $10,000 · paid last 24h −0.028%
Price spread now: gTrade (Gains Network) against Coinbase International+0.001%7-day average −0.031% · 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−$275as in the Price arb table
costs, in and out, $10k−$2782.783% of the position
Funding, last 3 days (all we have)−0.480%−$48 on $10k
+Price spread, last 3 days (all we have)−0.070%−$7 · spread now +0.001%, 7d avg −0.031%
=The price spread pays, funding is against you. gTrade (Gains Network) is 0.032% dearer against Coinbase International than usual: you sell high and buy low (spread +0.001% now, against its 7-day average of −0.031%): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 3 days (−0.480% in total) that is about 5 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International GOLD-PERP-INTX | 4,370.1 | 0.0152 | pay 0.0019% / 1h | 17m 50s | $2.0M | $5.1M | 25x |
| Short | gTrade (Gains Network) XAU/USD | 4,370.1 | L +0.0002% / S −0.0003% | get 0.0000% / 1h | 17m 50s | $268K | — | 250x |
Coinbase International GOLD-PERP-INTX
gTrade (Gains Network) XAU/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$31.27
- Price spread: +0.001% → −0.031%
- $3.2
- Slippage, 4 orders
- −$261.28
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee gTrade (Gains Network): 3.5 bp × 2 orders
- −$7
- Net
- −$306.35
- Costs to cover
- 2.783%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 1 min ago; gTrade (Gains Network): virtual book (oracle venue), 26 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, 1 min ago | 0.11 bp | 5.7 bp −$6 | 7.1 bp −$71 | 44.3 bp −$4,430 | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 26 min ago | 130.01 bp | 133.5 bp −$134 | 243.0 bp −$2,430 | 1975.4 bp −$197.5K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin GOLD-PERP | −0.0223% | 1h | 4,366 | −0.094% | $26K | $22K | 20x | as long as short |
| Phoenix GOLD | −0.0004% | 1h | 4,363.7 | −0.146% | $48K | $65K | 25x | as long as short |
| Aster XAUUSD1 | 0.0000% | 4h | 4,372.9 | +0.063% | $71.7M | $225.1M | 20x | as long as short |
| Binance XAUUSDT | 0.0000% | 4h | 4,371.8 | +0.039% | $410.6M | $2.14B | 100x | as long as short |
| Bybit XAUUSDT | 0.0000% | 4h | 4,372.1 | +0.047% | $82.6M | $142.5M | 150x | as long as short |
| RISEx XAU/USDC | 0.0000% | 1h | 4,373.8 | +0.086% | $3.4M | $12.3M | 25x | as long as short |
| Gate XAU_USDT | 0.0000% | 4h | 4,372.3 | +0.049% | $267.5M | $416.9M | 100x | as long as short |
| MEXC XAU_USDT | 0.0000% | 4h | 4,371.8 | +0.038% | $375.5M | $324.0M | 1000x | as long as short |
| Bitget XAUUSDT | 0.0000% | 4h | 4,371.5 | +0.031% | $69.6M | $113.4M | 100x | as long as short |
| Variational Omni XAU | 0.0000% | 4h | 4,366.6 | −0.081% | $48.5M | $30.2M | — | as long as short |
Bluefin GOLD-PERP
Phoenix GOLD
Aster XAUUSD1
Binance XAUUSDT
Bybit XAUUSDT
RISEx XAU/USDC
Gate XAU_USDT
MEXC XAU_USDT
Bitget XAUUSDT
Variational Omni XAUShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT XAU_USDT_Perp | 0.0000% | 4h | 4,364.9 | −0.119% | $1.4M | $3.1M | 25x | as long as short |
| Kalshi KXGOLDPERP | 0.0000% | 24h | 4,370.5 | +0.009% | $4.0M | $36.2M | 15x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,378 | +0.181% | $93K | $10.6M | 20x | as long as short |
| gTrade (Gains Network) XAU/USDshort | L +0.0002% / S −0.0003% | 1h | 4,370.1 | +0.001% | $268K | — | 250x | |
| edgeX XAUUSDC | +0.0008% | 4h | 4,359.1 | −0.253% | $30.3M | $58.8M | 50x | as long as short |
| QFEX GOLD-USD | +0.0032% | 1h | 4,372 | +0.043% | $5.5M | $1.9M | 20x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | −0.450% | $619 | $54 | 52x | as long as short |
| Lighter XAU | +0.0040% | 1h | 4,372.5 | +0.054% | $20.8M | $44.9M | 25x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,369.2 | −0.021% | $3.8M | $4.7M | 40x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,407.3 | +0.851% | — | $1.0M | 25x | as long as short |
| Lighter RH XAU | +0.0048% | 1h | 4,373.9 | +0.086% | $20.2M | $42.2M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,367.9 | −0.050% | $294.1M | $52.4M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,370.3 | +0.003% | $14.6M | $57.0M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0054% | 8h | 4,373.1 | +0.069% | $19K | $5K | 5x | as long as short |
| Extended XAU-USD | +0.0056% | 1h | 4,368.2 | −0.044% | $13.1M | $45.5M | 25x | as long as short |
| Hotstuff GOLD-PERP | +0.0056% | 1h | 4,369.6 | −0.011% | $33K | — | 25x | as long as short |
| Aevo XAU-PERP | +0.0080% | 1h | 4,373.1 | +0.068% | $162K | $87 | 10x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,369.9 | −0.005% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,362.3 | −0.179% | $277K | $204K | 50x | as long as short |
| Polymarket Perps GOLD-USD | +0.0102% | 1h | 4,373.2 | +0.071% | $4.3M | $1.8M | 20x | as long as short |
| Bullet GOLD-USD | +0.0106% | 1h | 4,373.6 | +0.080% | $59K | $81K | 10x | as long as short |
| Coinbase International GOLD-PERP-INTXlong | +0.0152% | 1h | 4,370.1 | long leg | $2.0M | $5.1M | 25x | |
| OKX XAU-USDT-SWAP | +0.0162% | 8h | 4,372.7 | +0.059% | $158.6M | $275.4M | 100x | as long as short |
| HTX XAU-USDT | +0.0174% | 4h | 4,378.5 | +0.192% | $2.8M | $3.7M | 75x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0208% | 1h | 4,372.1 | +0.046% | $236K | $736K | 25x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0219% | 1h | 4,371.2 | +0.024% | $603K | $136K | 25x | as long as short |
| BloFin XAU-USDT | +0.0240% | 4h | 4,369.5 | −0.014% | $14.8M | $4.5M | 100x | as long as short |
| Phemex XAUUSDT | +0.0308% | 4h | 4,372.3 | +0.051% | $2.2M | $1.1M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0389% / S −0.0197% | 1h | 4,373.6 | +0.080% | $252K | — | 111x | as long as short |
GRVT XAU_USDT_Perp
Kalshi KXGOLDPERP
SunX XAU-USDT
edgeX XAUUSDC
QFEX GOLD-USD
Injective XAU/USDC PERP
Lighter XAU
StandX XAU-USD
Vest GC-PERP
Lighter RH XAU
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
Paradex XAU-USD-PERP
Extended XAU-USD
Hotstuff GOLD-PERP
Aevo XAU-PERP
Pacifica XAU
ApeX Omni XAUUSDT
Polymarket Perps GOLD-USD
Bullet GOLD-USD
OKX XAU-USDT-SWAP
HTX XAU-USDT
Deribit GOLD_USDC-PERPETUAL
Kraken Futures PF_XAUUSD
BloFin XAU-USDT
Phemex XAUUSDT
GMX GOLD/USD [ETH-USDC]