XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0198%/8h= +21.7% APRnext payment +$0.25 per $10,000 · paid last 24h −0.003%

Price spread now: Deribit against Kraken Futures+0.042%7-day average −0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$280.285% of the position

Long on Kraken Futures Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.572%+$57 on $10k

Price spread, last 4 days (all we have)−0.097%−$10 · spread now +0.042%, 7d avg −0.042%

Together, before fees+0.474%+$47 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Deribit is 0.084% dearer against Kraken Futures than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XAUUSD	4,320	0.0153	pay 0.0019% / 1h	24m 57s	$584K	$135K	25x
Short	Deribit GOLD_USDC-PERPETUAL	4,321.8	0.0352	get 0.0044% / 1h	24m 57s	$191K	$836K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.042%Rate

Funding earned: $41.68
Price spread: +0.042% → −0.042%: $8.42
Slippage, 4 orders: −$11.49
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $21.61
Costs to cover: 0.285%
Break-even: 3.4 days

Slippage from Kraken Futures: live order book, 18 min ago; Deribit: live order book, 19 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, 18 min ago	3.15 bp	8.2 bp −$8	12.1 bp −$121	doesn't fit	doesn't fit
Sell Deribit live order book, 19 min ago	0.12 bp	5.7 bp −$6	7.8 bp −$78	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
Bluefin GOLD-PERP	−0.0087%	1h	4,316.6	−0.080%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,327.2	+0.167%	$92K	$7.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,318.9	−0.026%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0011%	4h	4,323.5	+0.082%	$77.3M	$154.9M	150x	as long as short
Hotstuff GOLD-PERP	+0.0032%	1h	4,318.9	−0.025%	$32K	—	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.704%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,323.4	+0.079%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,322	+0.046%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,355.3	+0.817%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,319	−0.023%	$291.5M	$51.5M	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	4,318.5	−0.035%	$15.0M	$55.3M	25x	as long as short
Lighter XAU	+0.0064%	1h	4,321.9	+0.045%	$20.3M	$30.6M	25x	as long as short
Aster XAUUSD1	+0.0067%	4h	4,324.7	+0.109%	$72.5M	$277.1M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,320.3	+0.007%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0075%	8h	4,322	+0.047%	$2K	$13K	5x	as long as short
Kalshi KXGOLDPERP	+0.0077%	24h	4,323.9	+0.090%	$3.8M	$43.7M	15x	as long as short
Extended XAU-USD	+0.0080%	1h	4,318.8	−0.028%	$12.9M	$37.0M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0082%	4h	4,323.1	+0.072%	$1.4M	$3.0M	25x	as long as short
Variational Omni XAU	+0.0090%	4h	4,322.1	+0.050%	$47.3M	$28.9M	—	as long as short
MEXC XAU_USDT	+0.0096%	4h	4,322.9	+0.067%	$362.1M	$331.0M	1000x	as long as short
Binance XAUUSDT	+0.0097%	4h	4,322.9	+0.067%	$417.2M	$2.12B	100x	as long as short
Phoenix GOLD	+0.0100%	1h	4,319.6	−0.009%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,318.9	−0.025%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,319.8	−0.004%	$272K	$208K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,322.1	+0.048%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0108%	4h	4,318.8	−0.028%	$30.0M	$59.5M	50x	as long as short
Gate XAU_USDT	+0.0108%	4h	4,324.8	+0.110%	$281.0M	$418.3M	100x	as long as short
Lighter RH XAU	+0.0112%	1h	4,324.6	+0.106%	$19.8M	$38.9M	25x	as long as short
Kraken Futures PF_XAUUSDlong	+0.0153%	1h	4,320	long leg	$584K	$135K	25x
Bullet GOLD-USD	+0.0178%	1h	4,323	+0.071%	$59K	$82K	10x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,325.4	+0.126%	$4.2M	$12.9M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0209%	1h	4,323.4	+0.079%	$4.3M	$1.9M	20x	as long as short
Bitget XAUUSDT	+0.0222%	4h	4,322.7	+0.062%	$67.7M	$118.0M	100x	as long as short
HTX XAU-USDT	+0.0254%	4h	4,328.5	+0.196%	$2.8M	$4.9M	75x	as long as short
OKX XAU-USDT-SWAP	+0.0304%	8h	4,323.2	+0.074%	$171.8M	$298.1M	100x	as long as short
Phemex XAUUSDT	+0.0330%	4h	4,325.7	+0.133%	$2.2M	$967K	100x	as long as short
BloFin XAU-USDT	+0.0337%	4h	4,322.4	+0.055%	$16.2M	$4.6M	100x	as long as short
Deribit GOLD_USDC-PERPETUALshort	+0.0352%	1h	4,321.8	+0.042%	$191K	$836K	25x
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,323.5	+0.081%	$252K	—	111x	as long as short