XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0066%/8h= +7.2% APRnext payment +$0.08 per $10,000 · paid last 24h +0.050%

Price spread now: Deribit against Extended+0.051%7-day average −0.057% · 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−$8as in the Price arb table

costs, in and out, $10k−$180.183% of the position

Long on Extended Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.718%+$72 on $10k

Price spread, last 3 days (all we have)−0.061%−$6 · spread now +0.051%, 7d avg −0.057%

Together, before fees+0.657%+ Points / potential airdropExtended: Active · farm board+$66 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Deribit is 0.108% dearer against Extended than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XAU-USD	4,371.9	0.0096	pay 0.0012% / 1h	54m 04s	$13.2M	$44.3M	25x
Short	Deribit GOLD_USDC-PERPETUAL	4,374.1	0.0162	get 0.0020% / 1h	54m 04s	$236K	$655K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.051%Rate

Funding earned: $13.79
Price spread: +0.051% → −0.057%: $10.84
Slippage, 4 orders: −$6.34
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $6.29
Costs to cover: 0.183%
Break-even: 3.8 days

Slippage from Extended: live order book, 5 min ago; Deribit: live order book, 20 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, 5 min ago	0.11 bp	2.6 bp −$3	4.5 bp −$45	9.2 bp −$919	27.0 bp −$13.5K
Sell Deribit live order book, 20 min ago	0.11 bp	9.5 bp −$10	10.4 bp −$104	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
Hotstuff GOLD-PERP	−0.0032%	1h	4,374.2	+0.054%	$33K	—	25x	as long as short
Phoenix GOLD	−0.0004%	1h	4,373.4	+0.035%	$48K	$64K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,375.7	+0.087%	$72.0M	$215.1M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,375.7	+0.087%	$410.4M	$2.15B	100x	as long as short
Gate XAU_USDT	0.0000%	4h	4,376.7	+0.111%	$266.7M	$407.2M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,375.9	+0.092%	$374.2M	$320.3M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,376	+0.094%	$69.7M	$114.5M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,377.8	+0.136%	$48.7M	$28.0M	—	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,373.9	+0.047%	$4.0M	$36.6M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,380.1	+0.189%	$93K	$10.4M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,371.9	0.000%	$268K	—	250x	as long as short
edgeX XAUUSDC	+0.0009%	4h	4,367.4	−0.102%	$30.4M	$59.6M	50x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.490%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,376	+0.095%	$3.8M	$4.7M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,375.5	+0.083%	$5.6M	$1.9M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,410.4	+0.882%	—	$1.0M	25x	as long as short
RISEx XAU/USDC	+0.0048%	1h	4,376.3	+0.101%	$3.4M	$12.3M	25x	as long as short
Bybit XAUUSDT	+0.0048%	4h	4,376.6	+0.108%	$83.1M	$144.3M	150x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,372.1	+0.006%	$294.8M	$52.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,371.8	−0.002%	$14.7M	$57.1M	25x	as long as short
Paradex XAU-USD-PERP	+0.0065%	8h	4,376.3	+0.101%	$19K	$5K	5x	as long as short
Lighter XAU	+0.0072%	1h	4,374.8	+0.068%	$20.7M	$43.2M	25x	as long as short
Lighter RH XAU	+0.0072%	1h	4,377	+0.118%	$20.2M	$40.8M	25x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,372.7	+0.019%	$162K	$87	10x	as long as short
Extended XAU-USDlong	+0.0096%	1h	4,371.9	long leg	$13.2M	$44.3M	25x
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,372.9	+0.024%	$2.0M	$5.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,372.6	+0.017%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,375.3	+0.079%	$278K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,369.6	−0.051%	$26K	$22K	20x	as long as short
Polymarket Perps GOLD-USD	+0.0102%	1h	4,374.8	+0.067%	$4.3M	$1.8M	20x	as long as short
Deribit GOLD_USDC-PERPETUALshort	+0.0162%	1h	4,374.1	+0.051%	$236K	$655K	25x
OKX XAU-USDT-SWAP	+0.0166%	8h	4,377.1	+0.120%	$160.9M	$280.6M	100x	as long as short
Bullet GOLD-USD	+0.0191%	1h	4,375.7	+0.088%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,372.6	+0.017%	$596K	$154K	25x	as long as short
Phemex XAUUSDT	+0.0227%	4h	4,377	+0.118%	$2.2M	$1.1M	100x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,377	+0.117%	$14.8M	$4.6M	100x	as long as short
GRVT XAU_USDT_Perp	+0.0244%	4h	4,378.5	+0.151%	$1.4M	$3.1M	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0390% / S −0.0197%	1h	4,375.6	+0.085%	$252K	—	111x	as long as short
HTX XAU-USDT	+0.0604%	4h	4,379.8	+0.181%	$2.9M	$3.8M	75x	as long as short