XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0108%/8h= +11.8% APRnext payment +$0.54 per $10,000 · paid last 24h +0.068%

Price spread now: Phemex against HTX+0.050%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$820.819% of the position

Long on HTX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.256%+$26 on $10k

Price spread, last 4 days (all we have)−0.036%−$4 · spread now +0.050%, 7d avg −0.020%

Together, before fees+0.221%+$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phemex is 0.070% dearer against HTX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAU-USDT	4,331.1	0.0258	pay 0.0129% / 4h	2h 28m	$2.8M	$4.8M	75x
Short	Phemex XAUUSDT	4,333.3	0.0365	get 0.0183% / 4h	2h 28m	$2.2M	$960K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.050%Rate

Funding earned: $22.62
Price spread: +0.050% → −0.020%: $7
Slippage, 4 orders: −$57.87
Fee HTX: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$52.26
Costs to cover: 0.819%
Break-even: 23.2 days

Slippage from HTX: live order book, 1 min ago; Phemex: live order book, 5 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, 1 min ago	0.01 bp	9.9 bp −$10	12.9 bp −$129	16.3 bp −$1,631	doesn't fit
Sell Phemex live order book, 5 min ago	0.05 bp	30.1 bp −$30	doesn't fit	doesn't fit	doesn't fit

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	4,332.3	+0.027%	$92K	$8.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,324.1	−0.163%	$271K	—	250x	as long as short
Bluefin GOLD-PERP	+0.0009%	1h	4,322.9	−0.190%	$25K	$14K	20x	as long as short
Extended XAU-USD	+0.0032%	1h	4,323.9	−0.166%	$13.3M	$37.1M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.446%	$619	$54	52x	as long as short
Lighter XAU	+0.0040%	1h	4,328.8	−0.054%	$20.6M	$30.9M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,337.5	+0.148%	$3.8M	$4.6M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,328	−0.072%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,361.8	+0.709%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,324.8	−0.146%	$292.0M	$50.5M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,324.9	−0.143%	$15.0M	$56.6M	25x	as long as short
RISEx XAU/USDC	+0.0054%	1h	4,328.9	−0.051%	$3.7M	$12.3M	25x	as long as short
Kalshi KXGOLDPERP	+0.0057%	24h	4,335.1	+0.092%	$4.1M	$40.5M	15x	as long as short
Bybit XAUUSDT	+0.0058%	4h	4,328.6	−0.058%	$78.6M	$154.8M	150x	as long as short
Gate XAU_USDT	+0.0064%	4h	4,330	−0.026%	$274.4M	$405.4M	100x	as long as short
Paradex XAU-USD-PERP	+0.0072%	8h	4,329.2	−0.045%	$19K	$5K	5x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,326.7	−0.102%	$2.1M	$4.7M	25x	as long as short
Lighter RH XAU	+0.0088%	1h	4,331.2	+0.002%	$19.9M	$38.6M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,326.1	−0.115%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,328.3	−0.066%	$275K	$204K	50x	as long as short
Aster XAUUSD1	+0.0110%	4h	4,329.3	−0.042%	$71.4M	$332.0M	20x	as long as short
Variational Omni XAU	+0.0111%	4h	4,333.1	+0.047%	$48.3M	$27.5M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,327.7	−0.079%	$160K	$87	10x	as long as short
MEXC XAU_USDT	+0.0120%	4h	4,328	−0.072%	$364.7M	$323.4M	1000x	as long as short
Binance XAUUSDT	+0.0120%	4h	4,327.5	−0.084%	$413.7M	$2.14B	100x	as long as short
Phoenix GOLD	+0.0127%	1h	4,333.4	+0.053%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0128%	4h	4,336.3	+0.120%	$1.4M	$2.9M	25x	as long as short
Hotstuff GOLD-PERP	+0.0136%	1h	4,329.4	−0.039%	$32K	—	25x	as long as short
edgeX XAUUSDC	+0.0138%	4h	4,329.7	−0.031%	$30.1M	$58.7M	50x	as long as short
Bullet GOLD-USD	+0.0160%	1h	4,328	−0.072%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0169%	1h	4,328.3	−0.065%	$4.2M	$2.0M	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0212%	1h	4,326.6	−0.104%	$200K	$824K	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0248%	1h	4,324.5	−0.152%	$589K	$130K	25x	as long as short
HTX XAU-USDTlong	+0.0258%	4h	4,331.1	long leg	$2.8M	$4.8M	75x
Bitget XAUUSDT	+0.0282%	4h	4,327.8	−0.076%	$73.3M	$113.4M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0338%	8h	4,328.9	−0.051%	$169.8M	$291.4M	100x	as long as short
Phemex XAUUSDTshort	+0.0365%	4h	4,333.3	+0.050%	$2.2M	$960K	100x
BloFin XAU-USDT	+0.0378%	4h	4,333.7	+0.060%	$16.1M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0450% / S −0.0287%	1h	4,328	−0.073%	$249K	—	111x	as long as short