XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0539%/8h= −59.0% APRnext payment −$2.69 per $10,000 · paid last 24h −0.041%

Price spread now: Gate against HTX−0.043%50s7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as 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−$310.312% of the position

Long on HTX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.098%−$10 on $10k

Price spread, last 4 days (all we have)−0.061%−$6 · spread now −0.043%, 7d avg −0.023%

Together, before fees−0.159%−$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.023%, so right now this pair is about funding alone: −$16 a day on $10k at the current rate. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.098% in total (about -5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.69 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAU-USDT	4,354.8	0.0547	pay 0.0273% / 4h	1h 36m	$2.8M	$4.2M	75x
Short	Gate XAU_USDT	4,352.9	0.0008	get 0.0004% / 4h	1h 36m	$267.3M	$410.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against HTX. 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 HTXbpFee GatebpOrdersPrice spread, now −0.043%Rate

Funding earned: −$113.18
Price spread: −0.043% → −0.023%: −$2
Slippage, 4 orders: −$4.23
Fee HTX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$146.42
Costs to cover: 0.312%
Break-even: never at this rate

Slippage from HTX: 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 HTX live order book, 2 min ago	0.01 bp	7.1 bp −$7	9.5 bp −$95	13.9 bp −$1,394	doesn't fit
Sell Gate live order book, 3 min ago	0.01 bp	7.5 bp −$8	8.9 bp −$89	12.9 bp −$1,290	14.3 bp −$7,147

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	4,354.4	−0.010%	$93K	$9.3M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,347.5	−0.169%	$267K	—	250x	as long as short
Gate XAU_USDTshort	+0.0008%	4h	4,352.9	−0.043%	$267.3M	$410.1M	100x
RISEx XAU/USDC	+0.0010%	1h	4,351.3	−0.082%	$3.4M	$12.4M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,347.6	−0.166%	$13.6M	$39.1M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.101%	$619	$54	52x	as long as short
Aster XAUUSD1	+0.0036%	4h	4,352	−0.064%	$70.3M	$333.5M	20x	as long as short
Kalshi KXGOLDPERP	+0.0038%	24h	4,347.7	−0.164%	$4.2M	$36.6M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,351.4	−0.079%	$3.8M	$4.6M	40x	as long as short
GRVT XAU_USDT_Perp	+0.0042%	4h	4,349.4	−0.126%	$1.4M	$3.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,384.3	+0.677%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,350.9	−0.090%	$5.6M	$1.9M	20x	as long as short
Lighter XAU	+0.0048%	1h	4,350.4	−0.103%	$20.6M	$42.1M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,346.4	−0.194%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,348.4	−0.148%	$293.6M	$48.6M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,348.1	−0.155%	$15.1M	$57.6M	25x	as long as short
Variational Omni XAU	+0.0060%	4h	4,345.8	−0.208%	$48.3M	$27.7M	—	as long as short
MEXC XAU_USDT	+0.0070%	4h	4,351.2	−0.083%	$372.7M	$317.9M	1000x	as long as short
Binance XAUUSDT	+0.0072%	4h	4,351.3	−0.080%	$412.9M	$2.10B	100x	as long as short
Hotstuff GOLD-PERP	+0.0080%	1h	4,346.9	−0.182%	$33K	—	25x	as long as short
Paradex XAU-USD-PERP	+0.0085%	8h	4,351.4	−0.078%	$19K	$5K	5x	as long as short
Lighter RH XAU	+0.0088%	1h	4,352.8	−0.047%	$20.1M	$39.6M	25x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,348.7	−0.141%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,348	−0.157%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,345.2	−0.222%	$274K	$203K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,344	−0.248%	$25K	$14K	20x	as long as short
edgeX XAUUSDC	+0.0101%	4h	4,340.9	−0.320%	$30.2M	$58.7M	50x	as long as short
Polymarket Perps GOLD-USD	+0.0134%	1h	4,350.8	−0.093%	$4.3M	$1.9M	20x	as long as short
Phoenix GOLD	+0.0136%	1h	4,343.6	−0.258%	$47K	$77K	25x	as long as short
Bybit XAUUSDT	+0.0194%	4h	4,352.6	−0.051%	$84.1M	$145.0M	150x	as long as short
Bitget XAUUSDT	+0.0208%	4h	4,351.9	−0.067%	$70.2M	$109.7M	100x	as long as short
Bullet GOLD-USD	+0.0222%	1h	4,351.3	−0.082%	$59K	$83K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0233%	1h	4,349	−0.134%	$258K	$705K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0251%	8h	4,353.1	−0.040%	$164.8M	$281.8M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0270%	1h	4,347	−0.180%	$593K	$133K	25x	as long as short
BloFin XAU-USDT	+0.0286%	4h	4,350.8	−0.093%	$15.5M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0306%	4h	4,351.6	−0.074%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0402% / S −0.0213%	1h	4,351.3	−0.080%	$251K	—	111x	as long as short
HTX XAU-USDTlong	+0.0547%	4h	4,354.8	long leg	$2.8M	$4.2M	75x