XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0144%/8h= −15.8% APRnext payment −$0.18 per $10,000 · paid last 24h −0.069%

Price spread now: tradeXYZ against Kraken Futures+0.004%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$350.346% of the position

Long on Kraken Futures Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.191%−$19 on $10k

Price spread, last 4 days (all we have)−0.055%−$6 · spread now +0.004%, 7d avg −0.021%

Together, before fees−0.247%+ Points / potential airdroptradeXYZ: Active · farm board−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.025% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.004% now, against its 7-day average of −0.021%): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XAUUSD	4,343.4	0.0194	pay 0.0024% / 1h	34m 40s	$592K	$132K	25x
Short	tradeXYZ xyz:GOLD	4,343.6	0.0050	get 0.0006% / 1h	34m 40s	$293.7M	$48.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$30.21
Price spread: +0.004% → −0.021%: $2.5
Slippage, 4 orders: −$6.64
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$62.35
Costs to cover: 0.346%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 23 min ago; tradeXYZ: 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 Kraken Futures live order book, 23 min ago	2.97 bp	8.2 bp −$8	14.0 bp −$140	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 5 min ago	0.12 bp	9.1 bp −$9	9.3 bp −$93	11.3 bp −$1,132	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
RISEx XAU/USDC	0.0000%	1h	4,347	+0.083%	$3.4M	$12.3M	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,350.2	+0.157%	$92K	$9.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,343	−0.010%	$271K	—	250x	as long as short
Gate XAU_USDT	+0.0008%	4h	4,348	+0.104%	$267.7M	$412.0M	100x	as long as short
Lighter XAU	+0.0032%	1h	4,345.7	+0.053%	$20.8M	$37.8M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,343.2	−0.005%	$13.3M	$38.5M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.161%	$619	$54	52x	as long as short
Lighter RH XAU	+0.0040%	1h	4,347.7	+0.099%	$20.1M	$39.2M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,347.7	+0.099%	$3.8M	$4.6M	40x	as long as short
QFEX GOLD-USD	+0.0041%	1h	4,346.8	+0.078%	$5.7M	$2.0M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXGOLDPERP	+0.0045%	24h	4,344.5	+0.025%	$4.1M	$37.2M	15x	as long as short
Vest GC-PERP	+0.0046%	1h	4,379.5	+0.831%	—	$1.1M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,343.1	−0.007%	$2.0M	$4.8M	25x	as long as short
tradeXYZ xyz:GOLDshort	+0.0050%	1h	4,343.6	+0.004%	$293.7M	$48.7M	25x
Ondo Perps XAU-USD.P	+0.0050%	1h	4,343.7	+0.006%	$15.1M	$56.8M	25x	as long as short
Aster XAUUSD1	+0.0064%	4h	4,347.5	+0.093%	$71.0M	$333.7M	20x	as long as short
Variational Omni XAU	+0.0080%	4h	4,346.7	+0.075%	$48.5M	$27.8M	—	as long as short
Paradex XAU-USD-PERP	+0.0085%	8h	4,347.3	+0.088%	$19K	$5K	5x	as long as short
GRVT XAU_USDT_Perp	+0.0088%	4h	4,348.2	+0.110%	$1.4M	$3.0M	25x	as long as short
Binance XAUUSDT	+0.0093%	4h	4,346.7	+0.075%	$414.1M	$2.09B	100x	as long as short
MEXC XAU_USDT	+0.0094%	4h	4,346.8	+0.077%	$372.7M	$317.6M	1000x	as long as short
edgeX XAUUSDC	+0.0095%	4h	4,343.4	−0.001%	$30.2M	$58.3M	50x	as long as short
Pacifica XAU	+0.0100%	1h	4,343.3	−0.003%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,346.8	+0.078%	$275K	$203K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,345.6	+0.051%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0142%	1h	4,347.3	+0.089%	$47K	$77K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0152%	1h	4,345.8	+0.055%	$4.3M	$1.9M	20x	as long as short
Hotstuff GOLD-PERP	+0.0160%	1h	4,343.7	+0.006%	$33K	—	25x	as long as short
Kraken Futures PF_XAUUSDlong	+0.0194%	1h	4,343.4	long leg	$592K	$132K	25x
Bullet GOLD-USD	+0.0203%	1h	4,346.3	+0.066%	$59K	$82K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0210%	1h	4,345.3	+0.043%	$243K	$789K	25x	as long as short
Phemex XAUUSDT	+0.0218%	4h	4,349.7	+0.144%	$2.2M	$967K	100x	as long as short
Bitget XAUUSDT	+0.0232%	4h	4,347.3	+0.089%	$70.0M	$109.2M	100x	as long as short
Bybit XAUUSDT	+0.0238%	4h	4,348.6	+0.118%	$85.0M	$144.9M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0284%	8h	4,348.2	+0.110%	$165.6M	$281.7M	100x	as long as short
Bluefin GOLD-PERP	+0.0285%	1h	4,340.5	−0.066%	$25K	$14K	20x	as long as short
BloFin XAU-USDT	+0.0344%	4h	4,346.1	+0.062%	$15.6M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0413% / S −0.0230%	1h	4,347	+0.082%	$248K	—	111x	as long as short
HTX XAU-USDT	+0.0626%	4h	4,351.6	+0.188%	$2.9M	$4.3M	75x	as long as short