XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0264%/8h= +28.9% APRnext payment +$1.32 per $10,000 · paid last 24h +0.082%

Price spread now: Phemex against edgeX+0.141%7-day average +0.195% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$660.658% of the position

Long on edgeX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.226%+$23 on $10k

Price spread, last 3 days (all we have)+0.146%+$15 · spread now +0.141%, 7d avg +0.195%

Together, before fees+0.372%+ Points / potential airdropedgeX: Active · farm board+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phemex is 0.054% cheaper against edgeX than usual: you would sell low and buy high (spread +0.141% now, against its 7-day average of +0.195%). If the spread goes back, that is −$5 on $10k: about 16 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.226% in total) that is about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XAUUSDC	4,358.9	0.0011	pay 0.0006% / 4h	1h 04m	$30.3M	$58.0M	50x
Short	Phemex XAUUSDT	4,365.1	0.0275	get 0.0138% / 4h	1h 04m	$2.2M	$1.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against edgeX. 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 edgeXbpFee PhemexbpOrdersPrice spread, now +0.141%Rate

Funding earned: $55.4
Price spread: +0.141% → +0.195%: −$5.4
Slippage, 4 orders: −$44.84
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$15.85
Costs to cover: 0.658%
Break-even: 9.0 days

Slippage from edgeX: live order book, 5 min ago; Phemex: 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 edgeX live order book, 5 min ago	0.34 bp	4.8 bp −$5	5.2 bp −$52	10.5 bp −$1,045	42.6 bp −$21.3K
Sell Phemex live order book, 4 min ago	1.26 bp	32.4 bp −$32	doesn't fit	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
Kraken Futures PF_XAUUSD	−0.0174%	1h	4,362.6	+0.083%	$602K	$139K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,366.5	+0.172%	$71.5M	$233.3M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,365.5	+0.151%	$409.8M	$2.09B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,366.8	+0.181%	$82.9M	$141.8M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,365.5	+0.151%	$3.4M	$12.4M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,366.9	+0.181%	$269.1M	$412.3M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,365.8	+0.157%	$377.5M	$354.8M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,366	+0.162%	$67.4M	$110.1M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,364.1	+0.119%	$48.5M	$31.2M	—	as long as short
GRVT XAU_USDT_Perp	0.0000%	4h	4,362.8	+0.088%	$1.4M	$3.1M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXGOLDPERP	0.0000%	24h	4,363.3	+0.100%	$4.0M	$34.6M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,369.2	+0.235%	$93K	$10.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,362.6	+0.084%	$268K	—	250x	as long as short
QFEX GOLD-USD	+0.0002%	1h	4,365.2	+0.143%	$5.6M	$1.7M	20x	as long as short
edgeX XAUUSDClong	+0.0011%	4h	4,358.9	long leg	$30.3M	$58.0M	50x
tradeXYZ xyz:GOLD	+0.0016%	1h	4,361	+0.047%	$293.5M	$52.7M	25x	as long as short
Lighter XAU	+0.0032%	1h	4,365.3	+0.145%	$20.9M	$44.8M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,367.5	+0.197%	$20.3M	$42.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,362.7	+0.087%	$13.1M	$46.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.196%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,363.6	+0.107%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,400.3	+0.949%	—	$1.0M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,364.2	+0.120%	$4.3M	$1.7M	20x	as long as short
Paradex XAU-USD-PERP	+0.0050%	8h	4,365.6	+0.153%	$19K	$6K	5x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,362.2	+0.075%	$14.4M	$55.6M	25x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,364.5	+0.128%	$162K	$87	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0094%	1h	4,364.1	+0.118%	$235K	$734K	25x	as long as short
Bullet GOLD-USD	+0.0098%	1h	4,365.8	+0.157%	$60K	$85K	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,362.7	+0.087%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,361.6	+0.061%	$274K	$199K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,358.2	−0.018%	$26K	$21K	20x	as long as short
Hotstuff GOLD-PERP	+0.0104%	1h	4,361.1	+0.049%	$33K	—	25x	as long as short
Phoenix GOLD	+0.0109%	1h	4,361.7	+0.063%	$48K	$65K	25x	as long as short
HTX XAU-USDT	+0.0109%	4h	4,368.1	+0.211%	$2.8M	$3.8M	75x	as long as short
OKX XAU-USDT-SWAP	+0.0158%	8h	4,367.2	+0.189%	$158.3M	$270.1M	100x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0208%	1h	4,360.9	+0.045%	$2.0M	$5.1M	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,365	+0.140%	$14.8M	$4.3M	100x	as long as short
Phemex XAUUSDTshort	+0.0275%	4h	4,365.1	+0.141%	$2.2M	$1.1M	100x
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,366	+0.161%	$252K	—	111x	as long as short