XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0254%/8h= −27.8% APRnext payment −$0.32 per $10,000 · paid last 24h −0.012%

Price spread now: RISEx against Deribit+0.028%7-day average +0.128% · 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−$29as in the Price arb table

costs, in and out, $10k−$190.188% of the position

Long on Deribit Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.675%−$67 on $10k

Price spread, last 3 days (all we have)+0.077%+$8 · spread now +0.028%, 7d avg +0.128%

Together, before fees−0.597%−$60 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and RISEx is 0.100% cheaper against Deribit than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.128%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit GOLD_USDC-PERPETUAL	4,369.8	0.0254	pay 0.0032% / 1h	14m 57s	$235K	$736K	25x
Short	RISEx XAU/USDC	4,371	0	get 0.0000% / 1h	14m 57s	$3.4M	$12.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.028%Rate

Funding earned: −$53.28
Price spread: +0.028% → +0.128%: −$9.95
Slippage, 4 orders: −$5.77
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$82
Costs to cover: 0.188%
Break-even: never at this rate

Slippage from Deribit: live order book, 64 min ago; RISEx: live order book, 4 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, 64 min ago	0.12 bp	8.6 bp −$9	9.9 bp −$99	doesn't fit	doesn't fit
Sell RISEx live order book, 4 min ago	0.27 bp	3.3 bp −$3	4.5 bp −$45	65.1 bp −$6,508	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	−0.0230%	1h	4,363.3	−0.150%	$26K	$22K	20x	as long as short
Hotstuff GOLD-PERP	−0.0008%	1h	4,366.9	−0.066%	$33K	—	25x	as long as short
Phoenix GOLD	−0.0004%	1h	4,370.3	+0.011%	$48K	$65K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,371.6	+0.042%	$71.9M	$224.8M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,371.6	+0.041%	$410.9M	$2.14B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,372.3	+0.056%	$82.8M	$142.6M	150x	as long as short
RISEx XAU/USDCshort	0.0000%	1h	4,371	+0.028%	$3.4M	$12.3M	25x
Gate XAU_USDT	0.0000%	4h	4,372.3	+0.057%	$267.5M	$417.7M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,371.5	+0.038%	$376.2M	$324.1M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,372	+0.051%	$69.6M	$113.4M	100x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XAU	0.0000%	4h	4,370.5	+0.016%	$48.5M	$29.3M	—	as long as short
GRVT XAU_USDT_Perp	0.0000%	4h	4,371	+0.028%	$1.4M	$3.1M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,368.2	−0.037%	$4.0M	$36.2M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,375	+0.118%	$93K	$10.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,366.5	−0.076%	$268K	—	250x	as long as short
edgeX XAUUSDC	+0.0009%	4h	4,365.9	−0.090%	$30.4M	$59.4M	50x	as long as short
QFEX GOLD-USD	+0.0032%	1h	4,370	+0.005%	$5.4M	$1.9M	20x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.443%	$619	$54	52x	as long as short
Lighter XAU	+0.0040%	1h	4,370.3	+0.011%	$20.8M	$44.9M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,371.8	+0.046%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,404.8	+0.801%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,367.6	−0.050%	$294.3M	$52.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,367	−0.065%	$14.7M	$57.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0054%	8h	4,370.5	+0.016%	$19K	$5K	5x	as long as short
Lighter RH XAU	+0.0056%	1h	4,372.9	+0.070%	$20.2M	$42.3M	25x	as long as short
Extended XAU-USD	+0.0064%	1h	4,367.6	−0.049%	$13.1M	$45.5M	25x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,369.9	+0.003%	$162K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,367.4	−0.055%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,368.6	−0.029%	$277K	$204K	50x	as long as short
Polymarket Perps GOLD-USD	+0.0104%	1h	4,370	+0.005%	$4.3M	$1.8M	20x	as long as short
Bullet GOLD-USD	+0.0111%	1h	4,370.7	+0.020%	$59K	$81K	10x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0152%	1h	4,367.2	−0.059%	$2.0M	$5.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0162%	8h	4,372.1	+0.053%	$158.6M	$274.5M	100x	as long as short
HTX XAU-USDT	+0.0186%	4h	4,377	+0.165%	$2.8M	$3.8M	75x	as long as short
Kraken Futures PF_XAUUSD	+0.0219%	1h	4,368.1	−0.039%	$603K	$137K	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,370.9	+0.025%	$14.8M	$4.5M	100x	as long as short
Deribit GOLD_USDC-PERPETUALlong	+0.0254%	1h	4,369.8	long leg	$235K	$736K	25x
Phemex XAUUSDT	+0.0320%	4h	4,370.9	+0.025%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,370.7	+0.020%	$252K	—	111x	as long as short