XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0595%/8h= −65.1% APRnext payment −$0.74 per $10,000 · paid last 24h −0.055%

Price spread now: Extended against Deribit+0.095%7-day average +0.061% · 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−$13as in the Price arb table

costs, in and out, $10k−$160.161% of the position

Long on Deribit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.709%−$71 on $10k

Price spread, last 3 days (all we have)−0.148%−$15 · spread now +0.095%, 7d avg +0.061%

Together, before fees−0.857%+ Points / potential airdropExtended: Active · farm board−$86 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.034% dearer against Deribit than usual: you sell high and buy low (spread +0.095% now, against its 7-day average of +0.061%): +$3 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 5 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit GOLD_USDC-PERPETUAL	4,339.2	0.0627	pay 0.0078% / 1h	3m 18s	$221K	$883K	25x
Short	Extended XAU-USD	4,343.3	0.0032	get 0.0004% / 1h	3m 18s	$13.2M	$50.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.095%Rate

Funding earned: −$124.85
Price spread: +0.095% → +0.061%: $3.45
Slippage, 4 orders: −$4.11
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$137.51
Costs to cover: 0.161%
Break-even: never at this rate

Slippage from Deribit: live order book, 21 min ago; Extended: live order book, 6 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, 21 min ago	0.12 bp	7.3 bp −$7	10.2 bp −$102	doesn't fit	doesn't fit
Sell Extended live order book, 6 min ago	0.12 bp	2.6 bp −$3	4.2 bp −$42	8.7 bp −$873	doesn't fit

XAU on 38 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	−0.0550%	1h	4,334.7	−0.103%	$26K	$21K	20x	as long as short
Aster XAUUSD1	0.0000%	4h	4,343.8	+0.107%	$71.1M	$240.9M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,342.4	+0.074%	$411.3M	$2.12B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,342.8	+0.083%	$82.7M	$144.7M	150x	as long as short
Gate XAU_USDT	0.0000%	4h	4,343.6	+0.100%	$273.8M	$413.7M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,341.2	+0.047%	$372.1M	$350.7M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,342.7	+0.081%	$67.1M	$114.0M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,341.5	+0.054%	$47.8M	$33.8M	—	as long as short
GRVT XAU_USDT_Perp	0.0000%	4h	4,342	+0.065%	$1.4M	$3.3M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,340.3	+0.025%	$3.9M	$34.1M	15x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet GOLD-USD	0.0000%	1h	4,342.3	+0.071%	$59K	$84K	10x	as long as short
SunX XAU-USDT	0.0000%	4h	4,346.3	+0.162%	$92K	$10.9M	20x	as long as short
HTX XAU-USDT	0.0000%	4h	4,345.3	+0.142%	$2.8M	$3.8M	75x	as long as short
edgeX XAUUSDC	+0.0016%	4h	4,337.3	−0.043%	$30.2M	$58.0M	50x	as long as short
Lighter XAU	+0.0032%	1h	4,340.6	+0.032%	$20.7M	$46.8M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,343.1	+0.091%	$20.2M	$45.1M	25x	as long as short
Extended XAU-USDshort	+0.0032%	1h	4,343.3	+0.095%	$13.2M	$50.8M	25x
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.259%	$619	$54	52x	as long as short
tradeXYZ xyz:GOLD	+0.0039%	1h	4,338.6	−0.014%	$292.1M	$53.6M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,342.8	+0.083%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,382.1	+0.989%	—	$995K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,341.2	+0.046%	$4.3M	$2.3M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,341.1	+0.043%	$14.4M	$54.6M	25x	as long as short
Paradex XAU-USD-PERP	+0.0051%	8h	4,342.1	+0.067%	$19K	$6K	5x	as long as short
QFEX GOLD-USD	+0.0052%	1h	4,342.5	+0.076%	$5.5M	$1.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,339.1	−0.002%	$2.0M	$5.2M	25x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,341.6	+0.056%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,341.2	+0.045%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,343	+0.087%	$272K	$204K	50x	as long as short
Phoenix GOLD	+0.0109%	1h	4,343.4	+0.097%	$47K	$69K	25x	as long as short
Hotstuff GOLD-PERP	+0.0144%	1h	4,338.7	−0.012%	$33K	—	25x	as long as short
OKX XAU-USDT-SWAP	+0.0177%	8h	4,343.2	+0.092%	$158.0M	$275.1M	100x	as long as short
BloFin XAU-USDT	+0.0189%	4h	4,342	+0.064%	$14.8M	$4.3M	100x	as long as short
RISEx XAU/USDC	+0.0190%	1h	4,342	+0.065%	$3.4M	$12.6M	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0333%	1h	4,338.8	−0.008%	$598K	$141K	25x	as long as short
Phemex XAUUSDT	+0.0412%	4h	4,344.8	+0.129%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0450% / S −0.0246%	1h	4,342.4	+0.073%	$251K	—	29x	as long as short
Deribit GOLD_USDC-PERPETUALlong	+0.0627%	1h	4,339.2	long leg	$221K	$883K	25x