XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0044%/8h= −4.8% APRnext payment −$0.22 per $10,000 · paid last 24h −0.014%

Price spread now: Gate against GRVT+0.068%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$240.240% of the position

Long on GRVT Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

Price spread, last 7 days−0.048%−$5 · spread now +0.068%, 7d avg +0.019%

Together, before fees−0.167%+ Points / potential airdropGRVT: Active · farm board−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.049% dearer against GRVT than usual: you sell high and buy low (spread +0.068% now, against its 7-day average of +0.019%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT XAU_USDT_Perp	4,352.3	0.0050	pay 0.0025% / 4h	1h 31m	$1.4M	$3.0M	25x
Short	Gate XAU_USDT	4,355.2	0.0006	get 0.0003% / 4h	1h 31m	$266.1M	$410.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.068%Rate

Funding earned: −$9.24
Price spread: +0.068% → +0.019%: $4.87
Slippage, 4 orders: −$0.04
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$28.42
Costs to cover: 0.240%
Break-even: never at this rate

Slippage from GRVT: live order book, 2 min ago; Gate: live order book, 3 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, 2 min ago	0.01 bp	4.5 bp −$5	4.6 bp −$46	7.2 bp −$718	doesn't fit
Sell Gate live order book, 3 min ago	0.01 bp	7.5 bp −$8	8.6 bp −$86	12.7 bp −$1,267	14.2 bp −$7,094

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	4,356.6	+0.100%	$93K	$9.3M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,349.5	−0.063%	$267K	—	250x	as long as short
Gate XAU_USDTshort	+0.0006%	4h	4,355.2	+0.068%	$266.1M	$410.9M	100x
RISEx XAU/USDC	+0.0010%	1h	4,353.9	+0.036%	$3.4M	$12.4M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,349.8	−0.057%	$13.6M	$39.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.043%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0038%	24h	4,350.2	−0.048%	$4.1M	$36.9M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,353.5	+0.028%	$3.8M	$4.6M	40x	as long as short
Aster XAUUSD1	+0.0041%	4h	4,354.1	+0.042%	$70.4M	$333.6M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,385.8	+0.770%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USD	+0.0046%	1h	4,351.6	−0.016%	$5.6M	$1.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,349.9	−0.055%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,350.2	−0.048%	$293.9M	$48.7M	25x	as long as short
GRVT XAU_USDT_Perplong	+0.0050%	4h	4,352.3	long leg	$1.4M	$3.0M	25x
Ondo Perps XAU-USD.P	+0.0050%	1h	4,350.2	−0.047%	$15.1M	$57.5M	25x	as long as short
Lighter XAU	+0.0056%	1h	4,352.5	+0.006%	$20.6M	$42.2M	25x	as long as short
Variational Omni XAU	+0.0058%	4h	4,350.5	−0.041%	$48.3M	$27.8M	—	as long as short
Lighter RH XAU	+0.0072%	1h	4,354.9	+0.059%	$20.1M	$39.7M	25x	as long as short
MEXC XAU_USDT	+0.0072%	4h	4,353.6	+0.031%	$372.7M	$318.0M	1000x	as long as short
Binance XAUUSDT	+0.0074%	4h	4,354.5	+0.051%	$413.2M	$2.09B	100x	as long as short
Paradex XAU-USD-PERP	+0.0083%	8h	4,353.8	+0.035%	$19K	$5K	5x	as long as short
edgeX XAUUSDC	+0.0092%	4h	4,347.3	−0.114%	$30.3M	$58.9M	50x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,351.8	−0.012%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,350.3	−0.045%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,348.5	−0.087%	$275K	$203K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,346.4	−0.136%	$25K	$14K	20x	as long as short
Polymarket Perps GOLD-USD	+0.0132%	1h	4,352	−0.006%	$4.3M	$1.9M	20x	as long as short
Phoenix GOLD	+0.0136%	1h	4,346.5	−0.133%	$47K	$77K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0141%	1h	4,351.7	−0.013%	$258K	$705K	25x	as long as short
Hotstuff GOLD-PERP	+0.0144%	1h	4,350.2	−0.048%	$33K	—	25x	as long as short
Phemex XAUUSDT	+0.0182%	4h	4,353.5	+0.028%	$2.2M	$1.1M	100x	as long as short
Bybit XAUUSDT	+0.0196%	4h	4,355.6	+0.076%	$84.5M	$145.2M	150x	as long as short
Bitget XAUUSDT	+0.0212%	4h	4,354.1	+0.041%	$70.2M	$109.5M	100x	as long as short
Bullet GOLD-USD	+0.0218%	1h	4,352.5	+0.006%	$59K	$83K	10x	as long as short
OKX XAU-USDT-SWAP	+0.0253%	8h	4,355.5	+0.074%	$165.0M	$281.8M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,349.9	−0.054%	$593K	$133K	25x	as long as short
BloFin XAU-USDT	+0.0296%	4h	4,352.7	+0.009%	$15.5M	$4.6M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0403% / S −0.0214%	1h	4,353.2	+0.021%	$251K	—	111x	as long as short
HTX XAU-USDT	+0.0560%	4h	4,357.7	+0.125%	$2.9M	$4.2M	75x	as long as short