XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0166%/8h= +18.1% APRnext payment +$0.83 per $10,000 · paid last 24h +0.143%

Price spread now: Phemex against GRVT+0.037%77s7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as 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−$760.759% of the position

Long on GRVT Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.267%+$27 on $10k

Price spread, last 3 days (all we have)+0.032%+$3 · spread now +0.037%, 7d avg +0.019%

Together, before fees+0.298%+ Points / potential airdropGRVT: Active · farm board+$30 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.019%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate. The two prices were read 77 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	4,354	0.0136	pay 0.0068% / 4h	1h 54m	$1.4M	$3.0M	25x
Short	Phemex XAUUSDT	4,355.7	0.0302	get 0.0151% / 4h	1h 54m	$2.2M	$1.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.037%Rate

Funding earned: $34.81
Price spread: +0.037% → +0.019%: $1.79
Slippage, 4 orders: −$54.85
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$39.26
Costs to cover: 0.759%
Break-even: 14.9 days

Slippage from GRVT: live order book, 5 min ago; Phemex: live order book, 4 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, 5 min ago	0.01 bp	4.5 bp −$5	5.0 bp −$50	35.4 bp −$3,543	doesn't fit
Sell Phemex live order book, 4 min ago	0.86 bp	31.5 bp −$32	doesn't fit	doesn't fit	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
Bluefin GOLD-PERP	−0.0162%	1h	4,348.3	−0.131%	$25K	$14K	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,355	+0.022%	$262.5M	$404.9M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,358.6	+0.104%	$93K	$9.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,350.3	−0.086%	$269K	—	250x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,354.2	+0.004%	$3.4M	$12.4M	25x	as long as short
Lighter XAU	+0.0032%	1h	4,352.7	−0.032%	$20.6M	$41.8M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,349.8	−0.096%	$13.5M	$40.9M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.083%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0036%	24h	4,352.5	−0.035%	$4.1M	$36.2M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,353.6	−0.010%	$3.8M	$4.6M	40x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,387.7	+0.773%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,353.6	−0.010%	$5.6M	$1.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,350.3	−0.086%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,350.4	−0.084%	$293.6M	$48.6M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,350.7	−0.077%	$15.1M	$57.9M	25x	as long as short
Aster XAUUSD1	+0.0059%	4h	4,354.6	+0.013%	$70.2M	$328.2M	20x	as long as short
Lighter RH XAU	+0.0064%	1h	4,355.1	+0.024%	$20.1M	$39.3M	25x	as long as short
Paradex XAU-USD-PERP	+0.0085%	8h	4,355.8	+0.040%	$19K	$5K	5x	as long as short
Polymarket Perps GOLD-USD	+0.0099%	1h	4,353.4	−0.015%	$4.3M	$1.9M	20x	as long as short
Pacifica XAU	+0.0100%	1h	4,352.4	−0.037%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,351.3	−0.062%	$275K	$204K	50x	as long as short
Hotstuff GOLD-PERP	+0.0104%	1h	4,352.8	−0.029%	$33K	—	25x	as long as short
Variational Omni XAU	+0.0107%	4h	4,352.3	−0.041%	$48.3M	$28.1M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,354	−0.001%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0118%	4h	4,353.6	−0.009%	$372.4M	$315.3M	1000x	as long as short
edgeX XAUUSDC	+0.0120%	4h	4,348.3	−0.131%	$30.3M	$58.6M	50x	as long as short
Binance XAUUSDT	+0.0121%	4h	4,353.7	−0.007%	$410.9M	$2.09B	100x	as long as short
Phoenix GOLD	+0.0121%	1h	4,351	−0.070%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perplong	+0.0136%	4h	4,354	long leg	$1.4M	$3.0M	25x
Bullet GOLD-USD	+0.0190%	1h	4,354.4	+0.007%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0207%	4h	4,354.9	+0.019%	$84.0M	$145.0M	150x	as long as short
Bitget XAUUSDT	+0.0210%	4h	4,354.2	+0.003%	$69.7M	$109.1M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0233%	1h	4,352.9	−0.026%	$259K	$701K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0249%	8h	4,354.8	+0.017%	$164.6M	$282.1M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,351.6	−0.056%	$594K	$133K	25x	as long as short
Phemex XAUUSDTshort	+0.0302%	4h	4,355.7	+0.037%	$2.2M	$1.1M	100x
GMX GOLD/USD [ETH-USDC]	L +0.0398% / S −0.0206%	1h	4,354.4	+0.007%	$251K	—	111x	as long as short
HTX XAU-USDT	+0.0615%	4h	4,360.4	+0.147%	$2.9M	$4.2M	75x	as long as short