XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0229%/8h= +25.1% APRnext payment +$1.15 per $10,000 · paid last 24h +0.122%

Price spread now: Phemex against MEXC+0.040%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$660.659% of the position

Long on MEXC Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.238%+$24 on $10k

Price spread, last 4 days (all we have)+0.031%+$3 · spread now +0.040%, 7d avg +0.036%

Together, before fees+0.270%+$27 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.036%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XAU_USDT	4,323.9	0.0098	pay 0.0049% / 4h	1h 18m	$367.9M	$332.1M	1000x
Short	Phemex XAUUSDT	4,325.6	0.0327	get 0.0164% / 4h	1h 18m	$2.2M	$967K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against MEXC. 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 MEXCbpFee PhemexbpOrdersPrice spread, now +0.040%Rate

Funding earned: $48.14
Price spread: +0.040% → +0.036%: $0.42
Slippage, 4 orders: −$49.87
Fee MEXC: 2 bp × 2 orders: −$4
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$17.3
Costs to cover: 0.659%
Break-even: 9.5 days

Slippage from MEXC: live order book, 1 min ago; Phemex: 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 MEXC live order book, 1 min ago	0.04 bp	2.0 bp −$2	2.0 bp −$20	2.1 bp −$209	12.1 bp −$6,075
Sell Phemex live order book, 5 min ago	1.21 bp	26.7 bp −$27	doesn't fit	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	−0.0062%	1h	4,316.5	−0.170%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,327.1	+0.075%	$92K	$7.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,319.8	−0.095%	$270K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0016%	1h	4,319.3	−0.105%	$32K	—	25x	as long as short
Bybit XAUUSDT	+0.0020%	4h	4,324.6	+0.016%	$77.3M	$154.4M	150x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.614%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,323.4	−0.010%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,322	−0.043%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,355.1	+0.723%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,319.6	−0.098%	$291.5M	$51.3M	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	4,318.6	−0.121%	$15.0M	$55.5M	25x	as long as short
Aster XAUUSD1	+0.0066%	4h	4,325.2	+0.030%	$72.5M	$274.5M	20x	as long as short
Lighter XAU	+0.0072%	1h	4,322.6	−0.029%	$20.3M	$30.7M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,319.1	−0.110%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0078%	8h	4,322	−0.042%	$2K	$14K	5x	as long as short
Kalshi KXGOLDPERP	+0.0079%	24h	4,324	+0.003%	$3.8M	$43.9M	15x	as long as short
GRVT XAU_USDT_Perp	+0.0086%	4h	4,323.2	−0.015%	$1.4M	$3.0M	25x	as long as short
Variational Omni XAU	+0.0093%	4h	4,322.6	−0.029%	$47.3M	$28.8M	—	as long as short
MEXC XAU_USDTlong	+0.0098%	4h	4,323.9	long leg	$367.9M	$332.1M	1000x
Phoenix GOLD	+0.0100%	1h	4,319.2	−0.108%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,319.4	−0.103%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,319.8	−0.094%	$272K	$208K	50x	as long as short
Binance XAUUSDT	+0.0100%	4h	4,323.7	−0.005%	$423.2M	$2.13B	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,322.5	−0.030%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0116%	4h	4,318.4	−0.127%	$30.0M	$59.7M	50x	as long as short
Gate XAU_USDT	+0.0118%	4h	4,325.1	+0.029%	$282.4M	$421.3M	100x	as long as short
Lighter RH XAU	+0.0120%	1h	4,324.9	+0.024%	$19.9M	$39.1M	25x	as long as short
Extended XAU-USD	+0.0120%	1h	4,319.2	−0.107%	$12.9M	$37.0M	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0153%	1h	4,320.6	−0.075%	$577K	$146K	25x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,325.2	+0.030%	$4.1M	$12.8M	25x	as long as short
Bullet GOLD-USD	+0.0184%	1h	4,323.4	−0.010%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0214%	1h	4,323.2	−0.015%	$4.3M	$1.9M	20x	as long as short
Bitget XAUUSDT	+0.0222%	4h	4,323.3	−0.013%	$67.6M	$118.3M	100x	as long as short
HTX XAU-USDT	+0.0268%	4h	4,327.7	+0.088%	$3.0M	$5.4M	75x	as long as short
OKX XAU-USDT-SWAP	+0.0302%	8h	4,324.5	+0.015%	$172.6M	$299.5M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0306%	1h	4,322.3	−0.036%	$191K	$837K	25x	as long as short
Phemex XAUUSDTshort	+0.0327%	4h	4,325.6	+0.040%	$2.2M	$967K	100x
BloFin XAU-USDT	+0.0339%	4h	4,322.9	−0.022%	$16.2M	$4.6M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0461% / S −0.0307%	1h	4,323.6	−0.005%	$252K	—	111x	as long as short