XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0147%/8h= −16.1% APRnext payment −$0.18 per $10,000 · paid last 24h −0.051%

Price spread now: ApeX Omni against Kraken Futures+0.007%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$510.514% of the position

Long on Kraken Futures Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.151%−$15 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now +0.007%, 7d avg +0.025%

Together, before fees−0.173%−$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.025%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XAUUSD	4,327.8	0.0247	pay 0.0031% / 1h	26m 32s	$589K	$130K	25x
Short	ApeX Omni XAUUSDT	4,328.1	0.0100	get 0.0013% / 1h	26m 32s	$275K	$204K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Kraken Futures. 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 Kraken FuturesbpFee ApeX OmnibpOrdersPrice spread, now +0.007%Rate

Funding earned: −$30.96
Price spread: +0.007% → +0.025%: −$1.77
Slippage, 4 orders: −$31.38
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$84.11
Costs to cover: 0.514%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 21 min ago; ApeX Omni: live order book, 21 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 Kraken Futures live order book, 21 min ago	2.90 bp	8.7 bp −$9	15.9 bp −$159	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 21 min ago	4.63 bp	13.4 bp −$13	26.0 bp −$260	42.6 bp −$4,264	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
Hotstuff GOLD-PERP	−0.0056%	1h	4,328.7	+0.021%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,335.2	+0.171%	$92K	$8.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,326.2	−0.036%	$271K	—	250x	as long as short
Bluefin GOLD-PERP	+0.0005%	1h	4,323.2	−0.106%	$25K	$14K	20x	as long as short
Extended XAU-USD	+0.0032%	1h	4,328.4	+0.013%	$13.2M	$37.1M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.523%	$619	$54	52x	as long as short
Lighter XAU	+0.0040%	1h	4,331.1	+0.076%	$20.6M	$31.0M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,329.8	+0.046%	$3.8M	$4.6M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,331.2	+0.079%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,365.5	+0.871%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	4,329.6	+0.042%	$292.5M	$50.7M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,329.7	+0.044%	$15.0M	$56.7M	25x	as long as short
Bybit XAUUSDT	+0.0051%	4h	4,333.8	+0.140%	$78.7M	$155.0M	150x	as long as short
RISEx XAU/USDC	+0.0054%	1h	4,333.2	+0.125%	$3.7M	$12.2M	25x	as long as short
Kalshi KXGOLDPERP	+0.0058%	24h	4,330.7	+0.067%	$4.0M	$40.9M	15x	as long as short
Gate XAU_USDT	+0.0066%	4h	4,334.6	+0.157%	$273.1M	$406.8M	100x	as long as short
Paradex XAU-USD-PERP	+0.0072%	8h	4,332.5	+0.109%	$19K	$5K	5x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,326.7	−0.025%	$2.1M	$4.7M	25x	as long as short
Lighter RH XAU	+0.0088%	1h	4,333.5	+0.131%	$19.9M	$38.7M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,328.5	+0.016%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDTshort	+0.0100%	1h	4,328.1	+0.007%	$275K	$204K	50x
Aster XAUUSD1	+0.0109%	4h	4,334	+0.144%	$71.6M	$332.2M	20x	as long as short
Variational Omni XAU	+0.0111%	4h	4,333.1	+0.124%	$48.3M	$27.5M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,330.3	+0.059%	$160K	$87	10x	as long as short
MEXC XAU_USDT	+0.0118%	4h	4,331.8	+0.093%	$363.5M	$324.1M	1000x	as long as short
Binance XAUUSDT	+0.0120%	4h	4,333.2	+0.124%	$414.2M	$2.15B	100x	as long as short
GRVT XAU_USDT_Perp	+0.0122%	4h	4,329.6	+0.041%	$1.4M	$2.9M	25x	as long as short
Phoenix GOLD	+0.0127%	1h	4,327.2	−0.014%	$47K	$77K	25x	as long as short
edgeX XAUUSDC	+0.0130%	4h	4,331.5	+0.087%	$30.1M	$59.0M	50x	as long as short
Bullet GOLD-USD	+0.0160%	1h	4,333	+0.121%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0171%	1h	4,333	+0.120%	$4.2M	$2.0M	20x	as long as short
Kraken Futures PF_XAUUSDlong	+0.0247%	1h	4,327.8	long leg	$589K	$130K	25x
HTX XAU-USDT	+0.0258%	4h	4,332.4	+0.106%	$2.8M	$4.8M	75x	as long as short
Bitget XAUUSDT	+0.0278%	4h	4,333.2	+0.124%	$73.5M	$113.7M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0305%	1h	4,330	+0.051%	$200K	$824K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0338%	8h	4,333.7	+0.137%	$170.2M	$292.2M	100x	as long as short
BloFin XAU-USDT	+0.0362%	4h	4,330.9	+0.073%	$16.1M	$4.4M	100x	as long as short
Phemex XAUUSDT	+0.0398%	4h	4,336.2	+0.195%	$2.2M	$960K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0450% / S −0.0288%	1h	4,330.7	+0.066%	$250K	—	111x	as long as short