Funding you earn now, next payment 12:00 UTC−0.0238%/8h= −26.0% APRnext payment −$1.19 per $10,000 · paid last 24h +0.021%
Price spread now: Bybit against Gate−0.071%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$260.260% of the position
Funding, last 7 days+0.105%+$10 on $10k
+Price spread, last 7 days+0.042%+$4 · spread now −0.071%, 7d avg −0.008%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bybit is 0.063% cheaper against Gate than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.008%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.105%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.105% in total (about 5.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.19 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate XAU_USDT | 4,310.8 | 0.0416 | pay 0.0208% / 4h | 3h 56m | $293.2M | $417.3M | 100x |
| Short | Bybit XAUUSDT | 4,307.7 | 0.0178 | get 0.0089% / 4h | 3h 56m | $77.0M | $157.2M | 150x |
Gate XAU_USDT
Bybit XAUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$49.93
- Price spread: −0.071% → −0.008%
- −$6.34
- Slippage, 4 orders
- −$0.05
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$82.32
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 min ago; Bybit: live order book, 2 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 Gate live order book, 2 min ago | 0.01 bp | 7.5 bp −$8 | 8.0 bp −$80 | 13.6 bp −$1,355 | 17.3 bp −$8,663 |
| Sell Bybit live order book, 2 min ago | 0.01 bp | 5.5 bp −$6 | 6.9 bp −$69 | 13.9 bp −$1,387 | 36.5 bp −$18.2K |
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 | |
|---|---|---|---|---|---|---|---|---|
| SunX XAU-USDT | 0.0000% | 4h | 4,311.8 | +0.023% | $92K | $7.0M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,303.9 | −0.161% | $268K | — | 250x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.919% | $619 | $54 | 52x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,338.6 | +0.645% | — | $1.0M | 25x | as long as short |
| QFEX GOLD-USD | +0.0046% | 1h | 4,305.8 | −0.116% | $6.6M | $3.1M | 20x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,303.7 | −0.165% | $290.5M | $53.9M | 25x | as long as short |
| Polymarket Perps GOLD-USD | +0.0050% | 1h | 4,307.2 | −0.084% | $4.3M | $1.8M | 20x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,304.1 | −0.156% | $15.0M | $55.5M | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0056% | 1h | 4,302.9 | −0.183% | $2.0M | $5.0M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0062% | 8h | 4,306.6 | −0.097% | $2K | $14K | 5x | as long as short |
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Injective XAU/USDC PERP
Vest GC-PERP
QFEX GOLD-USD
tradeXYZ xyz:GOLD
Polymarket Perps GOLD-USD
Ondo Perps XAU-USD.P
Coinbase International GOLD-PERP-INTX
Paradex XAU-USD-PERPShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster XAUUSD1 | +0.0063% | 4h | 4,308.5 | −0.053% | $73.0M | $272.0M | 20x | as long as short |
| Lighter RH XAU | +0.0064% | 1h | 4,308.2 | −0.061% | $19.9M | $39.1M | 25x | as long as short |
| Hotstuff GOLD-PERP | +0.0064% | 1h | 4,300.2 | −0.246% | $32K | — | 25x | as long as short |
| Lighter XAU | +0.0080% | 1h | 4,305.9 | −0.115% | $20.3M | $28.4M | 25x | as long as short |
| Extended XAU-USD | +0.0088% | 1h | 4,304.1 | −0.156% | $13.1M | $36.1M | 25x | as long as short |
| Phoenix GOLD | +0.0096% | 1h | 4,301.8 | −0.209% | $42K | $86K | 25x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,303.8 | −0.163% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,302.1 | −0.203% | $269K | $214K | 50x | as long as short |
| Bluefin GOLD-PERP | +0.0100% | 1h | 4,302.9 | −0.185% | $25K | $1K | 20x | as long as short |
| Variational Omni XAU | +0.0102% | 4h | 4,304.4 | −0.148% | $46.7M | $29.3M | — | as long as short |
| Kalshi KXGOLDPERP | +0.0102% | 24h | 4,309.5 | −0.030% | $3.7M | $45.9M | 15x | as long as short |
| Aevo XAU-PERP | +0.0112% | 1h | 4,307.1 | −0.087% | $160K | $87 | 10x | as long as short |
| MEXC XAU_USDT | +0.0114% | 4h | 4,308.4 | −0.055% | $361.5M | $330.7M | 1000x | as long as short |
| Binance XAUUSDT | +0.0116% | 4h | 4,307.4 | −0.080% | $428.6M | $2.19B | 100x | as long as short |
| edgeX XAUUSDC | +0.0119% | 4h | 4,302.3 | −0.197% | $29.9M | $60.7M | 50x | as long as short |
| RISEx XAU/USDC | +0.0126% | 1h | 4,308 | −0.065% | $4.4M | $13.1M | 25x | as long as short |
| Bybit XAUUSDTshort | +0.0178% | 4h | 4,307.7 | −0.071% | $77.0M | $157.2M | 150x | |
| StandX XAU-USD | +0.0186% | 1h | 4,306.6 | −0.098% | $3.8M | $4.5M | 40x | as long as short |
| Bitget XAUUSDT | +0.0194% | 4h | 4,308.4 | −0.057% | $71.0M | $123.3M | 100x | as long as short |
| GRVT XAU_USDT_Perp | +0.0206% | 4h | 4,304.9 | −0.137% | $1.4M | $3.0M | 25x | as long as short |
| Bullet GOLD-USD | +0.0209% | 1h | 4,308 | −0.064% | $59K | $81K | 10x | as long as short |
| Phemex XAUUSDT | +0.0245% | 4h | 4,310 | −0.019% | $2.2M | $950K | 100x | as long as short |
| OKX XAU-USDT-SWAP | +0.0255% | 8h | 4,308.1 | −0.063% | $170.9M | $322.5M | 100x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0284% | 1h | 4,307 | −0.088% | $135K | $871K | 25x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0328% | 1h | 4,305.5 | −0.123% | $573K | $138K | 25x | as long as short |
| Gate XAU_USDTlong | +0.0416% | 4h | 4,310.8 | long leg | $293.2M | $417.3M | 100x | |
| BloFin XAU-USDT | +0.0463% | 4h | 4,307.9 | −0.067% | $16.5M | $5.0M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0466% / S −0.0313% | 1h | 4,308.1 | −0.063% | $254K | — | 111x | as long as short |
| HTX XAU-USDT | +0.1308% | 4h | 4,314.1 | +0.075% | $3.2M | $6.2M | 75x | as long as short |
Aster XAUUSD1
Lighter RH XAU
Hotstuff GOLD-PERP
Lighter XAU
Extended XAU-USD
Phoenix GOLD
Pacifica XAU
ApeX Omni XAUUSDT
Bluefin GOLD-PERP
Variational Omni XAU
Kalshi KXGOLDPERP
Aevo XAU-PERP
MEXC XAU_USDT
Binance XAUUSDT
edgeX XAUUSDC
RISEx XAU/USDC
StandX XAU-USD
Bitget XAUUSDT
GRVT XAU_USDT_Perp
Bullet GOLD-USD
Phemex XAUUSDT
OKX XAU-USDT-SWAP
Deribit GOLD_USDC-PERPETUAL
Kraken Futures PF_XAUUSD
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]
HTX XAU-USDT