XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0045%/8h= −4.9% APRnext payment −$0.06 per $10,000 · paid last 24h −0.035%

Price spread now: Aevo against Deribit+0.008%7-day average +0.099% · 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−$50as in the Price arb table

costs, in and out, $10k−$410.410% of the position

Long on Deribit Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.662%−$66 on $10k

Price spread, last 4 days (all we have)+0.069%+$7 · spread now +0.008%, 7d avg +0.099%

Together, before fees−0.593%−$59 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aevo is 0.091% cheaper against Deribit than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.099%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit GOLD_USDC-PERPETUAL	4,347.5	0.0141	pay 0.0018% / 1h	10m 29s	$254K	$752K	25x
Short	Aevo XAU-PERP	4,347.8	0.0096	get 0.0012% / 1h	10m 29s	$161K	$87	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Deribit. 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 DeribitbpFee AevobpOrdersPrice spread, now +0.008%Rate

Funding earned: −$9.49
Price spread: +0.008% → +0.099%: −$9.07
Slippage, 4 orders: −$18.03
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$59.58
Costs to cover: 0.410%
Break-even: never at this rate

Slippage from Deribit: live order book, 53 min ago; Aevo: live order book, 53 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 Deribit live order book, 53 min ago	0.12 bp	5.9 bp −$6	9.6 bp −$96	doesn't fit	doesn't fit
Sell Aevo live order book, 53 min ago	5.99 bp	15.6 bp −$16	26.1 bp −$261	doesn't fit	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
Gate XAU_USDT	0.0000%	4h	4,350.9	+0.077%	$264.3M	$416.2M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,352.4	+0.112%	$92K	$9.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,344.3	−0.073%	$266K	—	250x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,349	+0.036%	$3.4M	$12.4M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,345.5	−0.046%	$13.5M	$38.8M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.067%	$619	$54	52x	as long as short
Aster XAUUSD1	+0.0039%	4h	4,349.5	+0.045%	$70.6M	$334.1M	20x	as long as short
StandX XAU-USD	+0.0040%	1h	4,349	+0.035%	$3.8M	$4.6M	40x	as long as short
Kalshi KXGOLDPERP	+0.0040%	24h	4,346.4	−0.025%	$4.1M	$37.1M	15x	as long as short
Vest GC-PERP	+0.0046%	1h	4,382.3	+0.800%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USD	+0.0046%	1h	4,347.4	−0.002%	$5.7M	$2.0M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,344.7	−0.064%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,346.3	−0.028%	$293.9M	$49.0M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,345.8	−0.039%	$15.1M	$56.8M	25x	as long as short
Variational Omni XAU	+0.0053%	4h	4,347.3	−0.004%	$48.5M	$27.8M	—	as long as short
GRVT XAU_USDT_Perp	+0.0054%	4h	4,350.6	+0.072%	$1.4M	$2.9M	25x	as long as short
Lighter XAU	+0.0056%	1h	4,348.2	+0.017%	$20.6M	$42.6M	25x	as long as short
Lighter RH XAU	+0.0056%	1h	4,350.5	+0.069%	$20.1M	$39.9M	25x	as long as short
MEXC XAU_USDT	+0.0072%	4h	4,349.4	+0.044%	$372.2M	$319.9M	1000x	as long as short
Binance XAUUSDT	+0.0073%	4h	4,349.4	+0.044%	$410.4M	$2.10B	100x	as long as short
Paradex XAU-USD-PERP	+0.0078%	8h	4,349.2	+0.040%	$19K	$5K	5x	as long as short
edgeX XAUUSDC	+0.0090%	4h	4,346.3	−0.028%	$30.3M	$58.4M	50x	as long as short
Aevo XAU-PERPshort	+0.0096%	1h	4,347.8	+0.008%	$161K	$87	10x
Pacifica XAU	+0.0100%	1h	4,345.6	−0.045%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,347.5	−0.001%	$275K	$203K	50x	as long as short
Polymarket Perps GOLD-USD	+0.0116%	1h	4,348.7	+0.028%	$4.3M	$1.9M	20x	as long as short
Phoenix GOLD	+0.0136%	1h	4,350.4	+0.067%	$47K	$77K	25x	as long as short
Deribit GOLD_USDC-PERPETUALlong	+0.0141%	1h	4,347.5	long leg	$254K	$752K	25x
Hotstuff GOLD-PERP	+0.0144%	1h	4,346.4	−0.025%	$33K	—	25x	as long as short
Bullet GOLD-USD	+0.0191%	1h	4,348	+0.012%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0202%	4h	4,350.7	+0.073%	$84.4M	$145.4M	150x	as long as short
Phemex XAUUSDT	+0.0210%	4h	4,353.1	+0.129%	$2.2M	$1.1M	100x	as long as short
Bitget XAUUSDT	+0.0214%	4h	4,349.6	+0.049%	$70.3M	$109.5M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0257%	8h	4,350.6	+0.071%	$165.4M	$283.2M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0270%	1h	4,345.5	−0.047%	$593K	$133K	25x	as long as short
BloFin XAU-USDT	+0.0293%	4h	4,349.3	+0.040%	$15.6M	$4.6M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0404% / S −0.0218%	1h	4,348.2	+0.016%	$248K	—	111x	as long as short
Bluefin GOLD-PERP	+0.0566%	1h	4,342.6	−0.113%	$25K	$14K	20x	as long as short
HTX XAU-USDT	+0.0579%	4h	4,354.5	+0.162%	$2.9M	$4.2M	75x	as long as short