XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0260%/8h= −28.5% APRnext payment −$0.33 per $10,000 · paid last 24h −0.062%

Price spread now: Hotstuff against Kraken Futures+0.031%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

The price spread pays, funding is against you. Hotstuff is 0.031% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.031% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XAUUSD	4,307.5	0.0228	pay 0.0029% / 1h	8m 07s	$573K	$138K	25x
Short	Hotstuff GOLD-PERP	4,308.8	−0.0032	pay 0.0004% / 1h	8m 07s	$32K	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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 HotstuffbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$54.7
Price spread: +0.031% → 0.000%: $3.1
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$66.6
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 30 min ago; Hotstuff: no order-book sample. Net counts fees only.

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, 30 min ago	2.53 bp	8.4 bp −$8	12.4 bp −$124	doesn't fit	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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-PERPshort	−0.0032%	1h	4,308.8	+0.031%	$32K	—	25x
SunX XAU-USDT	0.0000%	4h	4,313.8	+0.147%	$92K	$7.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,306.1	−0.032%	$268K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.997%	$619	$54	52x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,309.3	+0.043%	$5.7M	$2.7M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,343.2	+0.830%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,307.4	−0.002%	$290.2M	$52.1M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,307.2	−0.006%	$15.0M	$55.3M	25x	as long as short
Aster XAUUSD1	+0.0057%	4h	4,311.3	+0.089%	$72.9M	$271.8M	20x	as long as short
Paradex XAU-USD-PERP	+0.0063%	8h	4,310.9	+0.081%	$2K	$14K	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bluefin GOLD-PERP	+0.0063%	1h	4,305.1	−0.055%	$25K	$1K	20x	as long as short
Bybit XAUUSDT	+0.0069%	4h	4,310.6	+0.072%	$77.4M	$154.5M	150x	as long as short
Lighter XAU	+0.0072%	1h	4,308.9	+0.034%	$20.2M	$30.2M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,306.4	−0.025%	$2.0M	$5.1M	25x	as long as short
Phoenix GOLD	+0.0096%	1h	4,313.9	+0.149%	$42K	$79K	25x	as long as short
Kalshi KXGOLDPERP	+0.0099%	24h	4,312.9	+0.126%	$3.7M	$45.2M	15x	as long as short
Variational Omni XAU	+0.0100%	4h	4,316.5	+0.209%	$47.1M	$29.0M	—	as long as short
Pacifica XAU	+0.0100%	1h	4,307.8	+0.008%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,313.5	+0.140%	$272K	$209K	50x	as long as short
StandX XAU-USD	+0.0103%	1h	4,320	+0.291%	$3.8M	$4.5M	40x	as long as short
Lighter RH XAU	+0.0104%	1h	4,311.3	+0.088%	$19.9M	$40.1M	25x	as long as short
Extended XAU-USD	+0.0104%	1h	4,306.1	−0.031%	$13.2M	$36.6M	25x	as long as short
Binance XAUUSDT	+0.0110%	4h	4,309.9	+0.056%	$428.8M	$2.15B	100x	as long as short
MEXC XAU_USDT	+0.0110%	4h	4,309.8	+0.054%	$359.9M	$338.0M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0112%	4h	4,316.1	+0.200%	$1.4M	$3.0M	25x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,309.5	+0.046%	$160K	$87	10x	as long as short
Gate XAU_USDT	+0.0116%	4h	4,312.7	+0.122%	$286.8M	$429.0M	100x	as long as short
edgeX XAUUSDC	+0.0127%	4h	4,313.1	+0.132%	$30.0M	$59.8M	50x	as long as short
Bitget XAUUSDT	+0.0190%	4h	4,308.7	+0.028%	$70.3M	$120.6M	100x	as long as short
Bullet GOLD-USD	+0.0199%	1h	4,310.7	+0.074%	$59K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0221%	1h	4,311.1	+0.084%	$4.3M	$1.8M	20x	as long as short
Kraken Futures PF_XAUUSDlong	+0.0228%	1h	4,307.5	long leg	$573K	$138K	25x
Deribit GOLD_USDC-PERPETUAL	+0.0261%	1h	4,308.6	+0.026%	$136K	$864K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0264%	8h	4,309.7	+0.052%	$175.1M	$303.9M	100x	as long as short
BloFin XAU-USDT	+0.0350%	4h	4,312.8	+0.123%	$16.5M	$4.9M	100x	as long as short
Phemex XAUUSDT	+0.0432%	4h	4,313.4	+0.138%	$2.2M	$949K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0465% / S −0.0312%	1h	4,310.7	+0.074%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.0537%	4h	4,318	+0.245%	$3.2M	$6.1M	75x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,310.6	+0.072%	$4.5M	$13.1M	25x	as long as short