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

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

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$230.230% of the position

Long on Deribit Short on Coinbase International

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 against this trade now: funding costs −$5 a day on $10k at the current rate, and Coinbase International is 0.131% cheaper against Deribit than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.009%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit GOLD_USDC-PERPETUAL	4,337.3	0.0165	pay 0.0021% / 1h	55m 37s	$135K	$707K	25x
Short	Coinbase International GOLD-PERP-INTX	4,332	0	get 0.0000% / 1h	55m 37s	$2.1M	$5.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.122%Rate

Funding earned: −$34.69
Price spread: −0.122% → +0.009%: −$13.11
Slippage, 4 orders: −$6.04
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$70.83
Costs to cover: 0.230%
Break-even: never at this rate

Slippage from Deribit: live order book, 56 min ago; Coinbase International: live order book, 1 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, 56 min ago	0.12 bp	4.2 bp −$4	5.1 bp −$51	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	0.12 bp	5.6 bp −$6	7.3 bp −$73	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	−0.438%	$32K	—	25x	as long as short
Bluefin GOLD-PERP	−0.0017%	1h	4,331.6	−0.133%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,342.9	+0.129%	$92K	$6.0M	20x	as long as short
Coinbase International GOLD-PERP-INTXshort	0.0000%	1h	4,332	−0.122%	$2.1M	$5.3M	25x
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,332.7	−0.106%	$279K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.302%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,340.9	+0.083%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0041%	1h	4,340.3	+0.069%	$6.7M	$3.2M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,371.1	+0.779%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,337.7	+0.009%	$292.8M	$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	4,336.7	−0.014%	$15.1M	$59.1M	25x	as long as short
Paradex XAU-USD-PERP	+0.0055%	8h	4,340.6	+0.076%	$2K	$13K	5x	as long as short
Aster XAUUSD1	+0.0072%	4h	4,342.6	+0.122%	$72.8M	$275.9M	20x	as long as short
Phoenix GOLD	+0.0076%	1h	4,337.4	+0.002%	$43K	$70K	25x	as long as short
Variational Omni XAU	+0.0087%	4h	4,337.4	+0.003%	$47.3M	$29.2M	—	as long as short
Lighter XAU	+0.0088%	1h	4,340.7	+0.077%	$20.3M	$30.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,337.4	+0.001%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,336.8	−0.013%	$285K	$223K	50x	as long as short
Gate XAU_USDT	+0.0104%	4h	4,342.7	+0.125%	$301.0M	$440.7M	100x	as long as short
MEXC XAU_USDT	+0.0104%	4h	4,341.3	+0.092%	$366.1M	$349.9M	1000x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,337.5	+0.005%	$161K	$87	10x	as long as short
Polymarket Perps GOLD-USD	+0.0105%	1h	4,337.6	+0.007%	$4.3M	$1.7M	20x	as long as short
Binance XAUUSDT	+0.0105%	4h	4,341.1	+0.087%	$443.7M	$2.43B	100x	as long as short
GRVT XAU_USDT_Perp	+0.0112%	4h	4,340.2	+0.068%	$1.4M	$3.1M	25x	as long as short
edgeX XAUUSDC	+0.0115%	4h	4,333.8	−0.082%	$30.3M	$67.1M	50x	as long as short
Lighter RH XAU	+0.0120%	1h	4,342.6	+0.123%	$19.7M	$39.3M	25x	as long as short
Bybit XAUUSDT	+0.0127%	4h	4,342.8	+0.128%	$82.8M	$173.6M	150x	as long as short
Kalshi KXGOLDPERP	+0.0135%	24h	4,339.5	+0.051%	$3.5M	$51.0M	15x	as long as short
Extended XAU-USD	+0.0144%	1h	4,337.2	−0.003%	$12.5M	$34.8M	25x	as long as short
Deribit GOLD_USDC-PERPETUALlong	+0.0165%	1h	4,337.3	long leg	$135K	$707K	25x
Bullet GOLD-USD	+0.0200%	1h	4,338.4	+0.025%	$59K	$76K	10x	as long as short
RISEx XAU/USDC	+0.0205%	1h	4,338.7	+0.032%	$4.7M	$13.3M	25x	as long as short
Bitget XAUUSDT	+0.0220%	4h	4,341.6	+0.098%	$72.9M	$139.1M	100x	as long as short
Phemex XAUUSDT	+0.0224%	4h	4,340.7	+0.079%	$2.3M	$784K	100x	as long as short
OKX XAU-USDT-SWAP	+0.0241%	8h	4,341.8	+0.104%	$170.9M	$361.0M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0253%	1h	4,335.6	−0.040%	$584K	$167K	25x	as long as short
BloFin XAU-USDT	+0.0347%	4h	4,337.5	+0.005%	$16.3M	$5.3M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0460% / S −0.0308%	1h	4,339.4	+0.049%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.1109%	4h	4,344.4	+0.164%	$3.2M	$7.1M	75x	as long as short