XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0022%/8h= −2.4% APRnext payment −$0.03 per $10,000 · paid last 24h −0.067%

Price spread now: gTrade (Gains Network) against Deribit−0.040%7-day average −0.065% · 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−$277as in the Price arb table

costs, in and out, $10k−$2792.792% of the position

Long on Deribit Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.758%−$76 on $10k

Price spread, last 3 days (all we have)−0.022%−$2 · spread now −0.040%, 7d avg −0.065%

Together, before fees−0.780%−$78 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.025% dearer against Deribit than usual: you sell high and buy low (spread −0.040% now, against its 7-day average of −0.065%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.8 days. At the pace of the last 3 days (−0.758% in total) that is about 2 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit GOLD_USDC-PERPETUAL	4,364.1	0.0025	pay 0.0003% / 1h	44m 11s	$235K	$735K	25x
Short	gTrade (Gains Network) XAU/USD	4,362.4	L +0.0002% / S −0.0003%	get 0.0000% / 1h	44m 11s	$268K	—	250x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.040%Rate

Funding earned: −$4.61
Price spread: −0.040% → −0.065%: $2.5
Slippage, 4 orders: −$265.2
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Net: −$281.31
Costs to cover: 2.792%
Break-even: never at this rate

Slippage from Deribit: live order book, 35 min ago; gTrade (Gains Network): virtual book (oracle venue), 65 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, 35 min ago	0.12 bp	8.6 bp −$9	9.9 bp −$99	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 65 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	−0.0305%	1h	4,359.2	−0.111%	$26K	$21K	20x	as long as short
Phoenix GOLD	−0.0004%	1h	4,364.9	+0.018%	$48K	$65K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,366.3	+0.050%	$71.6M	$228.4M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,365.5	+0.033%	$408.4M	$2.11B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,366.3	+0.050%	$82.6M	$141.5M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,364.2	+0.001%	$3.4M	$12.4M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,366.3	+0.051%	$268.1M	$407.0M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,365.7	+0.036%	$377.0M	$320.9M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,365.8	+0.039%	$66.9M	$111.1M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,365.9	+0.041%	$48.5M	$30.6M	—	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XAU_USDT_Perp	0.0000%	4h	4,367.4	+0.076%	$1.4M	$3.1M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,362.4	−0.039%	$4.0M	$35.2M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,370.1	+0.137%	$93K	$10.6M	20x	as long as short
gTrade (Gains Network) XAU/USDshort	L +0.0002% / S −0.0003%	1h	4,362.4	−0.040%	$268K	—	250x
edgeX XAUUSDC	+0.0007%	4h	4,361.8	−0.052%	$30.3M	$58.2M	50x	as long as short
Deribit GOLD_USDC-PERPETUALlong	+0.0025%	1h	4,364.1	long leg	$235K	$735K	25x
Bullet GOLD-USD	+0.0028%	1h	4,365.5	+0.033%	$60K	$81K	10x	as long as short
QFEX GOLD-USD	+0.0032%	1h	4,362.9	−0.027%	$5.6M	$1.7M	20x	as long as short
Lighter XAU	+0.0032%	1h	4,365.1	+0.024%	$20.9M	$44.3M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,367.3	+0.074%	$20.3M	$41.6M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,362.4	−0.040%	$13.0M	$46.5M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.313%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,364.8	+0.016%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,399.8	+0.818%	—	$1.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0048%	1h	4,360.2	−0.089%	$33K	—	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,362.6	−0.034%	$293.7M	$52.3M	25x	as long as short
Paradex XAU-USD-PERP	+0.0050%	8h	4,363.2	−0.021%	$19K	$6K	5x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,362.3	−0.041%	$14.5M	$56.1M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0074%	1h	4,365.4	+0.030%	$4.3M	$1.8M	20x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,364.7	+0.014%	$162K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,360.4	−0.085%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,363.9	−0.005%	$277K	$204K	50x	as long as short
HTX XAU-USDT	+0.0135%	4h	4,368.8	+0.107%	$2.8M	$3.8M	75x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0152%	1h	4,361.6	−0.057%	$2.0M	$5.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0154%	8h	4,366.9	+0.064%	$158.0M	$271.1M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0220%	1h	4,362.9	−0.027%	$602K	$138K	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,364.8	+0.016%	$14.7M	$4.4M	100x	as long as short
Phemex XAUUSDT	+0.0318%	4h	4,368.9	+0.110%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0388% / S −0.0197%	1h	4,365.5	+0.033%	$252K	—	111x	as long as short