XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0081%/8h= −8.9% APRnext payment −$0.10 per $10,000 · paid last 24h −0.062%

Price spread now: Extended against Kraken Futures−0.019%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$250.246% of the position

Long on Kraken Futures Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.272%−$27 on $10k

Price spread, last 4 days (all we have)+0.005%+$1 · spread now −0.019%, 7d avg +0.006%

Together, before fees−0.267%+ Points / potential airdropExtended: Active · farm board−$27 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Extended is 0.026% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.006%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XAUUSD	4,320.5	0.0153	pay 0.0019% / 1h	27m 23s	$585K	$135K	25x
Short	Extended XAU-USD	4,319.7	0.0072	get 0.0009% / 1h	27m 23s	$12.9M	$36.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.019%Rate

Funding earned: −$17.11
Price spread: −0.019% → +0.006%: −$2.58
Slippage, 4 orders: −$9.63
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$44.31
Costs to cover: 0.246%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 16 min ago; Extended: live order book, 2 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, 16 min ago	3.15 bp	8.2 bp −$8	12.1 bp −$121	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	0.12 bp	2.6 bp −$3	3.6 bp −$36	9.7 bp −$973	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	−0.0093%	1h	4,317.2	−0.077%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,328.3	+0.180%	$92K	$7.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,319.1	−0.033%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0009%	4h	4,324.2	+0.086%	$77.4M	$154.9M	150x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.692%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,323.4	+0.066%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,322	+0.034%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,356.2	+0.825%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,320.3	−0.005%	$291.5M	$51.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,318.9	−0.038%	$15.0M	$55.5M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XAU	+0.0064%	1h	4,322.1	+0.037%	$20.3M	$30.5M	25x	as long as short
Aster XAUUSD1	+0.0066%	4h	4,325.2	+0.107%	$72.5M	$277.4M	20x	as long as short
Extended XAU-USDshort	+0.0072%	1h	4,319.7	−0.019%	$12.9M	$36.9M	25x
Hotstuff GOLD-PERP	+0.0072%	1h	4,319.6	−0.022%	$32K	—	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,321.2	+0.015%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0074%	8h	4,322	+0.033%	$2K	$13K	5x	as long as short
Kalshi KXGOLDPERP	+0.0076%	24h	4,324.3	+0.087%	$3.8M	$43.7M	15x	as long as short
GRVT XAU_USDT_Perp	+0.0080%	4h	4,323	+0.058%	$1.4M	$3.0M	25x	as long as short
Variational Omni XAU	+0.0090%	4h	4,322.5	+0.046%	$47.4M	$28.8M	—	as long as short
MEXC XAU_USDT	+0.0096%	4h	4,324	+0.080%	$362.3M	$330.8M	1000x	as long as short
Binance XAUUSDT	+0.0096%	4h	4,323.5	+0.068%	$417.2M	$2.13B	100x	as long as short
Phoenix GOLD	+0.0100%	1h	4,319.8	−0.017%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,319.3	−0.028%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,319.9	−0.014%	$272K	$208K	50x	as long as short
Gate XAU_USDT	+0.0104%	4h	4,326.3	+0.134%	$280.8M	$417.6M	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,322.8	+0.051%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0111%	4h	4,318.4	−0.050%	$30.0M	$59.4M	50x	as long as short
Lighter RH XAU	+0.0112%	1h	4,325	+0.104%	$19.8M	$38.8M	25x	as long as short
Kraken Futures PF_XAUUSDlong	+0.0153%	1h	4,320.5	long leg	$585K	$135K	25x
Bullet GOLD-USD	+0.0177%	1h	4,323.5	+0.068%	$59K	$82K	10x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,326.3	+0.134%	$4.1M	$12.8M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0209%	1h	4,324	+0.080%	$4.3M	$1.9M	20x	as long as short
Bitget XAUUSDT	+0.0224%	4h	4,323	+0.056%	$67.8M	$118.1M	100x	as long as short
HTX XAU-USDT	+0.0243%	4h	4,328.2	+0.176%	$2.8M	$4.9M	75x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0282%	1h	4,321.9	+0.032%	$192K	$836K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0305%	8h	4,324	+0.080%	$171.7M	$298.3M	100x	as long as short
Phemex XAUUSDT	+0.0326%	4h	4,324.6	+0.094%	$2.2M	$967K	100x	as long as short
BloFin XAU-USDT	+0.0336%	4h	4,322.5	+0.044%	$16.1M	$4.6M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,323	+0.058%	$252K	—	111x	as long as short