XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0209%/8h= +22.8% APRnext payment +$0.26 per $10,000 · paid last 24h +0.075%

Price spread now: Deribit against gTrade (Gains Network)+0.053%7-day average +0.063% · 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−$280as in the Price arb table

costs, in and out, $10k−$2792.790% of the position

Long on gTrade (Gains Network)Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.775%+$77 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now +0.053%, 7d avg +0.063%

Together, before fees+0.783%+$78 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.063%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XAU/USD	4,338.1	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	45m 14s	$271K	—	250x
Short	Deribit GOLD_USDC-PERPETUAL	4,340.4	0.0211	get 0.0026% / 1h	45m 14s	$205K	$826K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee DeribitbpOrdersPrice spread, now +0.053%Rate

Funding earned: $43.82
Price spread: +0.053% → +0.063%: −$0.99
Slippage, 4 orders: −$265.05
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$236.21
Costs to cover: 2.790%
Break-even: 44.7 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 39 min ago; Deribit: live order book, 9 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 gTrade (Gains Network) virtual book (oracle venue), 39 min ago	130.01 bp	133.5 bp −$134	196.7 bp −$1,967	1352.9 bp −$135.3K	5907.8 bp −$2.95M
Sell Deribit live order book, 9 min ago	0.12 bp	8.4 bp −$8	9.1 bp −$91	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
Bluefin GOLD-PERP	−0.0018%	1h	4,336.8	−0.029%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,346	+0.183%	$92K	$8.7M	20x	as long as short
gTrade (Gains Network) XAU/USDlong	L +0.0002% / S −0.0003%	1h	4,338.1	long leg	$271K	—	250x
RISEx XAU/USDC	+0.0005%	1h	4,340.8	+0.063%	$3.5M	$12.1M	25x	as long as short
Gate XAU_USDT	+0.0018%	4h	4,344.3	+0.144%	$267.9M	$412.4M	100x	as long as short
Lighter RH XAU	+0.0032%	1h	4,342.7	+0.106%	$20.0M	$39.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,337.3	−0.018%	$13.3M	$37.9M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.284%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,344.3	+0.143%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,338.9	+0.019%	$5.7M	$2.0M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,374	+0.828%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,341.9	+0.087%	$20.8M	$34.5M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,339.8	+0.039%	$293.5M	$49.0M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,337.9	−0.004%	$15.1M	$56.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0051%	24h	4,339.5	+0.033%	$4.3M	$37.5M	15x	as long as short
Hotstuff GOLD-PERP	+0.0056%	1h	4,340.1	+0.046%	$33K	—	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,338.1	0.000%	$2.1M	$4.8M	25x	as long as short
Bybit XAUUSDT	+0.0069%	4h	4,343.6	+0.127%	$80.4M	$150.8M	150x	as long as short
Aster XAUUSD1	+0.0076%	4h	4,342.4	+0.100%	$71.4M	$332.4M	20x	as long as short
Paradex XAU-USD-PERP	+0.0082%	8h	4,341.1	+0.070%	$19K	$5K	5x	as long as short
Variational Omni XAU	+0.0087%	4h	4,342.7	+0.107%	$48.3M	$27.7M	—	as long as short
Pacifica XAU	+0.0100%	1h	4,338.2	+0.002%	$1.4M	$1.1M	10x	as long as short
MEXC XAU_USDT	+0.0100%	4h	4,342.9	+0.110%	$372.5M	$317.6M	1000x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,340.7	+0.061%	$274K	$203K	50x	as long as short
Binance XAUUSDT	+0.0101%	4h	4,342.6	+0.104%	$415.0M	$2.09B	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,341.1	+0.070%	$161K	$87	10x	as long as short
edgeX XAUUSDC	+0.0113%	4h	4,338.3	+0.005%	$30.2M	$58.3M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,338.8	+0.016%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0166%	4h	4,341.6	+0.082%	$1.4M	$2.9M	25x	as long as short
Deribit GOLD_USDC-PERPETUALshort	+0.0211%	1h	4,340.4	+0.053%	$205K	$826K	25x
Bullet GOLD-USD	+0.0212%	1h	4,341	+0.067%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0218%	1h	4,340.8	+0.062%	$4.3M	$2.0M	20x	as long as short
Bitget XAUUSDT	+0.0244%	4h	4,343.2	+0.117%	$71.1M	$109.4M	100x	as long as short
Phemex XAUUSDT	+0.0256%	4h	4,343.9	+0.135%	$2.2M	$967K	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,338.4	+0.007%	$592K	$132K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0317%	8h	4,344.3	+0.143%	$166.3M	$281.7M	100x	as long as short
BloFin XAU-USDT	+0.0359%	4h	4,341.7	+0.084%	$15.6M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0427% / S −0.0252%	1h	4,341.7	+0.083%	$250K	—	111x	as long as short
HTX XAU-USDT	+0.0549%	4h	4,345.5	+0.171%	$2.8M	$4.6M	75x	as long as short