Funding you earn now, next payment 12:00 UTC−0.0896%/8h= −98.2% APRnext payment −$4.48 per $10,000 · paid last 24h −0.087%
Price spread now: GRVT against HTX−0.097%77s7-day average −0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as 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−$270.266% of the position
Funding, last 7 days+0.012%+$1 on $10k
+Price spread, last 4 days (all we have)+0.041%+$4 · spread now −0.097%, 7d avg −0.061%
=Together, before fees+0.052%+ Points / potential airdropGRVT: Active · farm board+$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and GRVT is 0.036% cheaper against HTX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.061%). Swap the legs. The two prices were read 77 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 0.012% in total (about 0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.48 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX XAU-USDT | 4,329 | 0.0996 | pay 0.0498% / 4h | 8m 21s | $3.2M | $7.1M | 75x |
| Short | GRVT XAU_USDT_Perp | 4,324.7 | 0.0100 | get 0.0050% / 4h | 8m 21s | $1.4M | $3.1M | 25x |
HTX XAU-USDT
GRVT XAU_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against HTX. 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
- −$188.26
- Price spread: −0.097% → −0.061%
- −$3.64
- Slippage, 4 orders
- −$5.61
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$218.5
- Costs to cover
- 0.266%
- Break-even
- never at this rate
Slippage from HTX: live order book, 4 min ago; GRVT: 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, 4 min ago | 0.01 bp | 8.9 bp −$9 | 11.0 bp −$110 | 16.6 bp −$1,664 | doesn't fit |
| Sell GRVT live order book, 3 min ago | 0.01 bp | 4.5 bp −$5 | 4.5 bp −$45 | 5.8 bp −$579 | doesn't fit |
XAU on 39 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International GOLD-PERP-INTX | −0.0032% | 1h | 4,320.6 | −0.193% | $2.1M | $4.8M | 25x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,328.3 | −0.015% | $92K | $5.2M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0002% | 1h | 4,320.2 | −0.202% | $308K | — | 250x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.496% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,324.9 | −0.094% | $3.9M | $4.6M | 40x | as long as short |
| QFEX GOLD-USD | +0.0042% | 1h | 4,322 | −0.161% | $6.7M | $3.2M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,357.3 | +0.655% | — | $919K | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,321.3 | −0.177% | $293.5M | $47.2M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,320.8 | −0.188% | $15.2M | $61.3M | 25x | as long as short |
| Aster XAUUSD1 | +0.0051% | 4h | 4,326.3 | −0.062% | $70.4M | $278.2M | 20x | as long as short |
Coinbase International GOLD-PERP-INTX
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Injective XAU/USDC PERP
StandX XAU-USD
QFEX GOLD-USD
Vest GC-PERP
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
Aster XAUUSD1Show all 39 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex XAU-USD-PERP | +0.0056% | 8h | 4,323.1 | −0.135% | $2K | $13K | 5x | as long as short |
| RISEx XAU/USDC | +0.0062% | 1h | 4,324.7 | −0.098% | $4.6M | $13.2M | 25x | as long as short |
| Variational Omni XAU | +0.0076% | 4h | 4,323.5 | −0.127% | $47.3M | $27.6M | — | as long as short |
| Hotstuff GOLD-PERP | +0.0080% | 1h | 4,321.9 | −0.163% | $35K | $3K | 25x | as long as short |
| Gate XAU_USDT | +0.0082% | 4h | 4,325.8 | −0.073% | $306.7M | $446.4M | 100x | as long as short |
| MEXC XAU_USDT | +0.0082% | 4h | 4,324.4 | −0.106% | $345.1M | $362.2M | 1000x | as long as short |
| Binance XAUUSDT | +0.0082% | 4h | 4,324.4 | −0.104% | $445.4M | $2.43B | 100x | as long as short |
| Lighter XAU | +0.0088% | 1h | 4,322.6 | −0.147% | $20.0M | $31.0M | 25x | as long as short |
| edgeX XAUUSDC | +0.0099% | 4h | 4,318.9 | −0.232% | $30.2M | $67.0M | 50x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,321.8 | −0.165% | $1.4M | $1.5M | 10x | as long as short |
| GRVT XAU_USDT_Perpshort | +0.0100% | 4h | 4,324.7 | −0.097% | $1.4M | $3.1M | 25x | |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,321 | −0.184% | $286K | $228K | 50x | as long as short |
| Bluefin GOLD-PERP | +0.0100% | 1h | 4,319.2 | −0.224% | $25K | $1K | 20x | as long as short |
| Aevo XAU-PERP | +0.0104% | 1h | 4,323.3 | −0.129% | $160K | $87 | 10x | as long as short |
| Phoenix GOLD | +0.0124% | 1h | 4,321.1 | −0.181% | $43K | $71K | 25x | as long as short |
| Phemex XAUUSDT | +0.0129% | 4h | 4,325.7 | −0.076% | $2.3M | $736K | 100x | as long as short |
| Lighter RH XAU | +0.0144% | 1h | 4,325.4 | −0.082% | $19.6M | $40.0M | 25x | as long as short |
| Kalshi KXGOLDPERP | +0.0154% | 24h | 4,325.6 | −0.077% | $3.5M | $52.2M | 15x | as long as short |
| Bybit XAUUSDT | +0.0157% | 4h | 4,325.4 | −0.083% | $84.5M | $169.4M | 150x | as long as short |
| Extended XAU-USD | +0.0160% | 1h | 4,320 | −0.206% | $12.5M | $34.1M | 25x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0197% | 1h | 4,321.2 | −0.179% | $583K | $169K | 25x | as long as short |
| Bitget XAUUSDT | +0.0212% | 4h | 4,324.4 | −0.105% | $73.3M | $142.5M | 100x | as long as short |
| Bullet GOLD-USD | +0.0220% | 1h | 4,324.4 | −0.104% | $59K | $77K | 10x | as long as short |
| Polymarket Perps GOLD-USD | +0.0220% | 1h | 4,324.6 | −0.100% | $4.3M | $1.7M | 20x | as long as short |
| OKX XAU-USDT-SWAP | +0.0231% | 8h | 4,324.8 | −0.096% | $171.8M | $363.0M | 100x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0259% | 1h | 4,322.4 | −0.151% | $135K | $658K | 25x | as long as short |
| BloFin XAU-USDT | +0.0322% | 4h | 4,324.9 | −0.094% | $16.5M | $5.3M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0426% / S −0.0259% | 1h | 4,324.4 | −0.105% | $253K | — | 111x | as long as short |
| HTX XAU-USDTlong | +0.0996% | 4h | 4,329 | long leg | $3.2M | $7.1M | 75x |
Paradex XAU-USD-PERP
RISEx XAU/USDC
Variational Omni XAU
Hotstuff GOLD-PERP
Gate XAU_USDT
MEXC XAU_USDT
Binance XAUUSDT
Lighter XAU
edgeX XAUUSDC
Pacifica XAU
ApeX Omni XAUUSDT
Bluefin GOLD-PERP
Aevo XAU-PERP
Phoenix GOLD
Phemex XAUUSDT
Lighter RH XAU
Kalshi KXGOLDPERP
Bybit XAUUSDT
Extended XAU-USD
Kraken Futures PF_XAUUSD
Bitget XAUUSDT
Bullet GOLD-USD
Polymarket Perps GOLD-USD
OKX XAU-USDT-SWAP
Deribit GOLD_USDC-PERPETUAL
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]