XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h +0.016%

Price spread now: Coinbase International against Extended−0.097%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs+$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$180.182% of the position

Long on Extended Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.454%+$45 on $10k

Price spread, last 3 days (all we have)+0.149%+$15 · spread now −0.097%, 7d avg −0.045%

Together, before fees+0.603%+ Points / potential airdropExtended: Active · farm board+$60 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.053% cheaper against Extended than usual: you would sell low and buy high (spread −0.097% now, against its 7-day average of −0.045%). If the spread goes back, that is −$5 on $10k: about 4.4 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.454% in total) that is about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XAU-USD	4,343.3	0.0032	pay 0.0004% / 1h	3m 33s	$13.2M	$50.8M	25x
Short	Coinbase International GOLD-PERP-INTX	4,339.1	0.0072	get 0.0009% / 1h	3m 33s	$2.0M	$5.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Extended. 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 ExtendedbpFee Coinbase InternationalbpOrdersPrice spread, now −0.097%Rate

Funding earned: $8.4
Price spread: −0.097% → −0.045%: −$5.25
Slippage, 4 orders: −$3.23
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$15.08
Costs to cover: 0.182%
Break-even: 19.6 days

Slippage from Extended: live order book, 6 min ago; Coinbase International: live order book, 5 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 Extended live order book, 6 min ago	0.12 bp	2.6 bp −$3	3.9 bp −$39	7.3 bp −$734	27.4 bp −$13.7K
Sell Coinbase International live order book, 5 min ago	1.50 bp	6.5 bp −$6	8.5 bp −$85	doesn't fit	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	−0.0534%	1h	4,334.7	−0.198%	$26K	$21K	20x	as long as short
Aster XAUUSD1	0.0000%	4h	4,343.8	+0.011%	$71.1M	$240.9M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,342	−0.031%	$411.2M	$2.12B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,342.2	−0.026%	$82.7M	$144.7M	150x	as long as short
Gate XAU_USDT	0.0000%	4h	4,343	−0.009%	$273.7M	$413.7M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,341.1	−0.052%	$372.1M	$350.7M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,342.7	−0.014%	$67.1M	$114.0M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,341.5	−0.041%	$47.8M	$33.8M	—	as long as short
GRVT XAU_USDT_Perp	0.0000%	4h	4,342	−0.031%	$1.4M	$3.3M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,340.3	−0.070%	$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	−0.031%	$59K	$84K	10x	as long as short
SunX XAU-USDT	0.0000%	4h	4,346.3	+0.067%	$92K	$10.9M	20x	as long as short
HTX XAU-USDT	0.0000%	4h	4,345.3	+0.046%	$2.8M	$3.8M	75x	as long as short
edgeX XAUUSDC	+0.0016%	4h	4,337.3	−0.138%	$30.2M	$58.0M	50x	as long as short
Lighter XAU	+0.0032%	1h	4,340.6	−0.063%	$20.7M	$46.8M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,343.1	−0.005%	$20.2M	$45.1M	25x	as long as short
Extended XAU-USDlong	+0.0032%	1h	4,343.3	long leg	$13.2M	$50.8M	25x
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.163%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,342.8	−0.012%	$3.8M	$4.7M	40x	as long as short
tradeXYZ xyz:GOLD	+0.0041%	1h	4,338.7	−0.107%	$292.1M	$53.6M	25x	as long as short
Vest GC-PERP	+0.0046%	1h	4,382.1	+0.893%	—	$995K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,341.2	−0.049%	$4.3M	$2.3M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,341.1	−0.052%	$14.4M	$54.6M	25x	as long as short
Paradex XAU-USD-PERP	+0.0051%	8h	4,342.1	−0.028%	$19K	$6K	5x	as long as short
QFEX GOLD-USD	+0.0052%	1h	4,342.5	−0.019%	$5.5M	$1.9M	20x	as long as short
Coinbase International GOLD-PERP-INTXshort	+0.0072%	1h	4,339.1	−0.097%	$2.0M	$5.2M	25x
Aevo XAU-PERP	+0.0080%	1h	4,341.7	−0.038%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,341.2	−0.050%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,343	−0.008%	$272K	$204K	50x	as long as short
Phoenix GOLD	+0.0109%	1h	4,343.4	+0.002%	$47K	$69K	25x	as long as short
Hotstuff GOLD-PERP	+0.0144%	1h	4,338.7	−0.107%	$33K	—	25x	as long as short
OKX XAU-USDT-SWAP	+0.0177%	8h	4,343.2	−0.003%	$158.0M	$275.1M	100x	as long as short
BloFin XAU-USDT	+0.0189%	4h	4,342	−0.031%	$14.8M	$4.3M	100x	as long as short
RISEx XAU/USDC	+0.0190%	1h	4,342	−0.030%	$3.4M	$12.6M	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0333%	1h	4,338.8	−0.103%	$598K	$141K	25x	as long as short
Phemex XAUUSDT	+0.0412%	4h	4,344.8	+0.034%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0450% / S −0.0246%	1h	4,342	−0.031%	$251K	—	29x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0627%	1h	4,339.2	−0.095%	$221K	$883K	25x	as long as short