Funding you earn now, next payment 02:00 UTC+0.0108%/8h= +11.8% APRnext payment +$0.13 per $10,000 · paid last 24h +0.054%
Price spread now: Deribit against Hotstuff+0.005%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff GOLD-PERP | 4,349.8 | 0.0056 | pay 0.0007% / 1h | 0m 10s | $33K | — | 25x |
| Short | Deribit GOLD_USDC-PERPETUAL | 4,350 | 0.0164 | get 0.0020% / 1h | 0m 10s | $260K | $693K | 25x |
Hotstuff GOLD-PERP
Deribit GOLD_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Hotstuff. 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
- $22.67
- Price spread: +0.005% → 0.000%
- $0.46
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $11.13
- Costs to cover
- 0.120%
- Break-even
- 3.6 days
Slippage unknown: Hotstuff: no order-book sample; Deribit: live order book, 4 min ago. Net counts fees only.
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 Hotstuff no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 4 min ago | 0.12 bp | 3.6 bp −$4 | 4.2 bp −$42 | doesn't fit | doesn't fit |
Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 4,353.8 | +0.091% | $263.6M | $418.2M | 100x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,356.4 | +0.151% | $93K | $9.4M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,348.4 | −0.032% | $269K | — | 250x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,348.2 | −0.037% | $13.5M | $41.4M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.014% | $619 | $54 | 52x | as long as short |
| Kalshi KXGOLDPERP | +0.0036% | 24h | 4,350.4 | +0.014% | $4.1M | $36.1M | 15x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,354.1 | +0.099% | $3.8M | $4.6M | 40x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,385.5 | +0.821% | — | $1.0M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,349.2 | −0.014% | $293.5M | $49.0M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,349.7 | −0.003% | $15.1M | $57.9M | 25x | as long as short |
Gate XAU_USDT
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Extended XAU-USD
Injective XAU/USDC PERP
Kalshi KXGOLDPERP
StandX XAU-USD
Vest GC-PERP
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.PShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX GOLD-USD | +0.0051% | 1h | 4,351.4 | +0.037% | $5.5M | $1.9M | 20x | as long as short |
| Aster XAUUSD1 | +0.0055% | 4h | 4,352.7 | +0.068% | $70.0M | $324.1M | 20x | as long as short |
| Lighter XAU | +0.0056% | 1h | 4,351.3 | +0.034% | $20.6M | $43.9M | 25x | as long as short |
| Hotstuff GOLD-PERPlong | +0.0056% | 1h | 4,349.8 | long leg | $33K | — | 25x | |
| Lighter RH XAU | +0.0064% | 1h | 4,353.3 | +0.080% | $20.1M | $41.1M | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0072% | 1h | 4,348.2 | −0.037% | $2.0M | $4.9M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0087% | 8h | 4,352.3 | +0.057% | $19K | $5K | 5x | as long as short |
| Polymarket Perps GOLD-USD | +0.0088% | 1h | 4,351.3 | +0.034% | $4.3M | $1.9M | 20x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,349.3 | −0.011% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,349.2 | −0.013% | $275K | $204K | 50x | as long as short |
| Bluefin GOLD-PERP | +0.0100% | 1h | 4,345.5 | −0.099% | $25K | $14K | 20x | as long as short |
| Variational Omni XAU | +0.0105% | 4h | 4,351.6 | +0.042% | $48.2M | $28.0M | — | as long as short |
| Aevo XAU-PERP | +0.0112% | 1h | 4,350 | +0.004% | $161K | $87 | 10x | as long as short |
| MEXC XAU_USDT | +0.0116% | 4h | 4,352.3 | +0.057% | $372.8M | $325.5M | 1000x | as long as short |
| Binance XAUUSDT | +0.0118% | 4h | 4,352.2 | +0.054% | $410.1M | $2.09B | 100x | as long as short |
| Phoenix GOLD | +0.0121% | 1h | 4,350.1 | +0.007% | $47K | $64K | 25x | as long as short |
| edgeX XAUUSDC | +0.0131% | 4h | 4,345.5 | −0.098% | $30.2M | $59.2M | 50x | as long as short |
| GRVT XAU_USDT_Perp | +0.0134% | 4h | 4,353.4 | +0.082% | $1.4M | $3.0M | 25x | as long as short |
| RISEx XAU/USDC | +0.0135% | 1h | 4,352.7 | +0.066% | $3.4M | $12.4M | 25x | as long as short |
| Deribit GOLD_USDC-PERPETUALshort | +0.0164% | 1h | 4,350 | +0.005% | $260K | $693K | 25x | |
| Bullet GOLD-USD | +0.0177% | 1h | 4,352.4 | +0.060% | $59K | $83K | 10x | as long as short |
| Bybit XAUUSDT | +0.0202% | 4h | 4,353.3 | +0.081% | $84.0M | $145.0M | 150x | as long as short |
| Bitget XAUUSDT | +0.0206% | 4h | 4,352.7 | +0.068% | $69.6M | $109.0M | 100x | as long as short |
| OKX XAU-USDT-SWAP | +0.0246% | 8h | 4,353.9 | +0.094% | $164.5M | $281.7M | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0269% | 1h | 4,349.1 | −0.015% | $593K | $133K | 25x | as long as short |
| Phemex XAUUSDT | +0.0334% | 4h | 4,355.1 | +0.123% | $2.2M | $1.1M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0396% / S −0.0204% | 1h | 4,352.4 | +0.060% | $251K | — | 111x | as long as short |
| HTX XAU-USDT | +0.0612% | 4h | 4,357.9 | +0.185% | $2.9M | $4.1M | 75x | as long as short |
QFEX GOLD-USD
Aster XAUUSD1
Lighter XAU
Lighter RH XAU
Coinbase International GOLD-PERP-INTX
Paradex XAU-USD-PERP
Polymarket Perps GOLD-USD
Pacifica XAU
ApeX Omni XAUUSDT
Bluefin GOLD-PERP
Variational Omni XAU
Aevo XAU-PERP
MEXC XAU_USDT
Binance XAUUSDT
Phoenix GOLD
edgeX XAUUSDC
GRVT XAU_USDT_Perp
RISEx XAU/USDC
Bullet GOLD-USD
Bybit XAUUSDT
Bitget XAUUSDT
OKX XAU-USDT-SWAP
Kraken Futures PF_XAUUSD
Phemex XAUUSDT
GMX GOLD/USD [ETH-USDC]
HTX XAU-USDT