XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0319%/8h= +34.9% APRnext payment +$1.60 per $10,000 · paid last 24h +0.144%

Price spread now: Phemex against Gate+0.011%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$800.801% of the position

Long on Gate Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.360%+$36 on $10k

Price spread, last 4 days (all we have)+0.028%+$3 · spread now +0.011%, 7d avg +0.005%

Together, before fees+0.388%+$39 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAU_USDT	4,336.4	0.0062	pay 0.0031% / 4h	2h 31m	$273.4M	$403.3M	100x
Short	Phemex XAUUSDT	4,336.9	0.0381	get 0.0191% / 4h	2h 31m	$2.2M	$960K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Gate. 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 GatebpFee PhemexbpOrdersPrice spread, now +0.011%Rate

Funding earned: $67
Price spread: +0.011% → +0.005%: $0.64
Slippage, 4 orders: −$53.11
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$12.48
Costs to cover: 0.801%
Break-even: 8.3 days

Slippage from Gate: live order book, 2 min ago; Phemex: 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	8.1 bp −$8	9.5 bp −$95	14.2 bp −$1,418	22.4 bp −$11.2K
Sell Phemex live order book, 2 min ago	0.05 bp	30.1 bp −$30	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
SunX XAU-USDT	0.0000%	4h	4,336.8	+0.011%	$92K	$8.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,329.2	−0.165%	$271K	—	250x	as long as short
Bluefin GOLD-PERP	+0.0025%	1h	4,326.3	−0.231%	$25K	$14K	20x	as long as short
Extended XAU-USD	+0.0032%	1h	4,331	−0.125%	$13.2M	$37.1M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.324%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,331.6	−0.110%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,331.9	−0.103%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,365.5	+0.672%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,333.8	−0.059%	$20.7M	$30.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,330.7	−0.131%	$292.4M	$50.4M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,331	−0.123%	$15.0M	$56.6M	25x	as long as short
RISEx XAU/USDC	+0.0054%	1h	4,334.6	−0.042%	$3.7M	$12.3M	25x	as long as short
Kalshi KXGOLDPERP	+0.0057%	24h	4,333.4	−0.068%	$4.1M	$40.3M	15x	as long as short
Gate XAU_USDTlong	+0.0062%	4h	4,336.4	long leg	$273.4M	$403.3M	100x
Bybit XAUUSDT	+0.0067%	4h	4,335.5	−0.019%	$79.1M	$154.4M	150x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,330.4	−0.137%	$2.1M	$4.7M	25x	as long as short
Paradex XAU-USD-PERP	+0.0072%	8h	4,334.5	−0.043%	$19K	$5K	5x	as long as short
Lighter RH XAU	+0.0096%	1h	4,336.2	−0.004%	$20.0M	$38.6M	25x	as long as short
Hotstuff GOLD-PERP	+0.0096%	1h	4,325.6	−0.248%	$32K	—	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,331.1	−0.121%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,331.9	−0.103%	$276K	$204K	50x	as long as short
Variational Omni XAU	+0.0109%	4h	4,335.3	−0.025%	$48.3M	$27.5M	—	as long as short
Aster XAUUSD1	+0.0112%	4h	4,335.9	−0.010%	$71.5M	$331.6M	20x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,333.8	−0.059%	$160K	$87	10x	as long as short
MEXC XAU_USDT	+0.0120%	4h	4,334.4	−0.045%	$365.4M	$322.0M	1000x	as long as short
edgeX XAUUSDC	+0.0120%	4h	4,333.7	−0.061%	$30.1M	$58.5M	50x	as long as short
Binance XAUUSDT	+0.0121%	4h	4,334.6	−0.042%	$417.5M	$2.13B	100x	as long as short
Phoenix GOLD	+0.0127%	1h	4,333.4	−0.068%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0132%	4h	4,340	+0.083%	$1.4M	$2.9M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0143%	1h	4,331.5	−0.112%	$202K	$820K	25x	as long as short
Bullet GOLD-USD	+0.0164%	1h	4,332.8	−0.082%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0171%	1h	4,333.8	−0.059%	$4.2M	$2.0M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0247%	1h	4,329.9	−0.149%	$590K	$130K	25x	as long as short
HTX XAU-USDT	+0.0262%	4h	4,335.9	−0.012%	$2.8M	$4.8M	75x	as long as short
Bitget XAUUSDT	+0.0284%	4h	4,334.9	−0.035%	$71.6M	$111.2M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0339%	8h	4,335.2	−0.027%	$169.7M	$290.6M	100x	as long as short
Phemex XAUUSDTshort	+0.0381%	4h	4,336.9	+0.011%	$2.2M	$960K	100x
BloFin XAU-USDT	+0.0403%	4h	4,330.2	−0.143%	$15.9M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0450% / S −0.0285%	1h	4,332.7	−0.084%	$250K	—	111x	as long as short