XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.05 per $10,000 · paid last 24h +0.035%

Price spread now: Binance against GRVT+0.089%49s7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$190.195% of the position

Long on GRVT Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 2 days (all we have)−0.085%−$8 · spread now +0.089%, 7d avg +0.009%

Together, before fees−0.060%+ Points / potential airdropGRVT: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.080% dearer against GRVT than usual: you sell high and buy low (spread +0.089% now, against its 7-day average of +0.009%): +$8 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 24 days. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT XAU_USDT_Perp	4,348.7	0.0126	pay 0.0063% / 4h	2h 04m	$1.4M	$3.0M	25x
Short	Binance XAUUSDT	4,352.6	0.0115	get 0.0058% / 4h	2h 04m	$410.2M	$2.10B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against GRVT. 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 GRVTbpFee BinancebpOrdersPrice spread, now +0.089%Rate

Funding earned: −$2.3
Price spread: +0.089% → +0.009%: $8.03
Slippage, 4 orders: −$0.45
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$13.72
Costs to cover: 0.195%
Break-even: never at this rate

Slippage from GRVT: live order book, 4 min ago; Binance: 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 GRVT live order book, 4 min ago	0.01 bp	4.5 bp −$5	4.9 bp −$49	7149.9 bp −$715.0K	doesn't fit
Sell Binance live order book, 9 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	7.2 bp −$721	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
Gate XAU_USDT	0.0000%	4h	4,354.5	+0.133%	$263.4M	$417.2M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,354.5	+0.133%	$93K	$9.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,346.8	−0.046%	$269K	—	250x	as long as short
Extended XAU-USD	+0.0032%	1h	4,348.5	−0.006%	$13.5M	$41.6M	25x	as long as short
Hotstuff GOLD-PERP	+0.0032%	1h	4,347.9	−0.019%	$33K	—	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.038%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0035%	24h	4,347.9	−0.019%	$4.1M	$36.1M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,352.2	+0.079%	$3.8M	$4.6M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,384	+0.811%	—	$1.0M	25x	as long as short
Aster XAUUSD1	+0.0050%	4h	4,352.8	+0.093%	$70.2M	$316.1M	20x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	4,349.1	+0.008%	$293.5M	$49.0M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,350	+0.030%	$15.0M	$58.0M	25x	as long as short
QFEX GOLD-USD	+0.0051%	1h	4,351.4	+0.061%	$5.5M	$1.9M	20x	as long as short
Lighter XAU	+0.0056%	1h	4,351.7	+0.067%	$20.6M	$43.8M	25x	as long as short
Lighter RH XAU	+0.0064%	1h	4,353.5	+0.109%	$20.1M	$41.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,346.3	−0.056%	$2.0M	$4.9M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0084%	1h	4,350.2	+0.033%	$4.3M	$1.9M	20x	as long as short
Paradex XAU-USD-PERP	+0.0087%	8h	4,352	+0.074%	$19K	$5K	5x	as long as short
Variational Omni XAU	+0.0100%	4h	4,351.1	+0.055%	$48.2M	$28.0M	—	as long as short
Pacifica XAU	+0.0100%	1h	4,348.4	−0.008%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,347.2	−0.036%	$275K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,344.1	−0.107%	$25K	$14K	20x	as long as short
MEXC XAU_USDT	+0.0112%	4h	4,352.8	+0.092%	$373.2M	$325.2M	1000x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,349.6	+0.019%	$161K	$87	10x	as long as short
Binance XAUUSDTshort	+0.0115%	4h	4,352.6	+0.089%	$410.2M	$2.10B	100x
Phoenix GOLD	+0.0121%	1h	4,349.6	+0.020%	$47K	$64K	25x	as long as short
GRVT XAU_USDT_Perplong	+0.0126%	4h	4,348.7	long leg	$1.4M	$3.0M	25x
edgeX XAUUSDC	+0.0126%	4h	4,344.8	−0.091%	$30.2M	$59.1M	50x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,352.5	+0.087%	$3.4M	$12.4M	25x	as long as short
Bullet GOLD-USD	+0.0175%	1h	4,351.1	+0.053%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0198%	4h	4,354.1	+0.122%	$84.0M	$145.0M	150x	as long as short
Bitget XAUUSDT	+0.0200%	4h	4,353.4	+0.107%	$69.6M	$109.5M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0244%	8h	4,354.1	+0.123%	$164.6M	$281.7M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,348.1	−0.016%	$593K	$133K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0325%	1h	4,349.7	+0.022%	$260K	$692K	25x	as long as short
Phemex XAUUSDT	+0.0364%	4h	4,351.3	+0.059%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0394% / S −0.0202%	1h	4,351.1	+0.053%	$251K	—	111x	as long as short
HTX XAU-USDT	+0.0609%	4h	4,355.6	+0.159%	$2.9M	$4.1M	75x	as long as short