XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0108%/8h= −11.8% APRnext payment −$0.54 per $10,000 · paid last 24h −0.036%

Price spread now: SunX against MEXC+0.095%53s7-day average +0.100% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$610.612% of the position

Long on MEXC Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.181%−$18 on $10k

Price spread, last 4 days (all we have)+0.040%+$4 · spread now +0.095%, 7d avg +0.100%

Together, before fees−0.141%−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.100%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XAU_USDT	4,332	0.0108	pay 0.0054% / 4h	2h 04m	$364.5M	$331.4M	1000x
Short	SunX XAU-USDT	4,336.1	0	get 0.0000% / 4h	2h 04m	$92K	$8.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.095%Rate

Funding earned: −$22.68
Price spread: +0.095% → +0.100%: −$0.48
Slippage, 4 orders: −$49.15
Fee MEXC: 2 bp × 2 orders: −$4
Fee SunX: 4 bp × 2 orders: −$8
Net: −$84.31
Costs to cover: 0.612%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; SunX: 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, 5 min ago	0.04 bp	2.0 bp −$2	2.0 bp −$20	3.8 bp −$380	24.1 bp −$12.0K
Sell SunX live order book, 5 min ago	23.56 bp	29.5 bp −$30	47.0 bp −$470	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
Bybit XAUUSDT	0.0000%	4h	4,333.2	+0.028%	$78.4M	$156.4M	150x	as long as short
SunX XAU-USDTshort	0.0000%	4h	4,336.1	+0.095%	$92K	$8.1M	20x
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,329	−0.069%	$271K	—	250x	as long as short
Extended XAU-USD	+0.0032%	1h	4,328.1	−0.089%	$13.1M	$36.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.426%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,334.9	+0.068%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,331.2	−0.017%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,365.2	+0.768%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,330.7	−0.029%	$20.4M	$31.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,328.7	−0.075%	$291.9M	$51.6M	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	4,327.6	−0.100%	$15.0M	$56.4M	25x	as long as short
RISEx XAU/USDC	+0.0054%	1h	4,333.2	+0.029%	$3.8M	$12.5M	25x	as long as short
Gate XAU_USDT	+0.0062%	4h	4,333.8	+0.042%	$270.7M	$419.7M	100x	as long as short
Hotstuff GOLD-PERP	+0.0064%	1h	4,328.8	−0.073%	$32K	—	25x	as long as short
Kalshi KXGOLDPERP	+0.0064%	24h	4,334.5	+0.059%	$4.0M	$42.3M	15x	as long as short
Paradex XAU-USD-PERP	+0.0070%	8h	4,331.9	−0.001%	$19K	$5K	5x	as long as short
Lighter RH XAU	+0.0072%	1h	4,333.4	+0.034%	$19.9M	$39.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,332	+0.001%	$2.0M	$4.8M	25x	as long as short
Aster XAUUSD1	+0.0091%	4h	4,333.2	+0.029%	$72.4M	$329.7M	20x	as long as short
GRVT XAU_USDT_Perp	+0.0098%	4h	4,336.1	+0.095%	$1.4M	$3.0M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,328.3	−0.084%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,333.2	+0.028%	$273K	$208K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,326.3	−0.132%	$25K	$14K	20x	as long as short
Variational Omni XAU	+0.0101%	4h	4,334.6	+0.061%	$46.8M	$28.7M	—	as long as short
Binance XAUUSDT	+0.0107%	4h	4,332.1	+0.002%	$414.2M	$2.12B	100x	as long as short
MEXC XAU_USDTlong	+0.0108%	4h	4,332	long leg	$364.5M	$331.4M	1000x
Aevo XAU-PERP	+0.0112%	1h	4,332.5	+0.013%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0121%	4h	4,331.7	−0.007%	$30.1M	$60.5M	50x	as long as short
Phoenix GOLD	+0.0127%	1h	4,332.8	+0.020%	$47K	$77K	25x	as long as short
Bullet GOLD-USD	+0.0158%	1h	4,332.3	+0.008%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0174%	1h	4,332	+0.001%	$4.2M	$2.0M	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0212%	1h	4,331.3	−0.015%	$195K	$826K	25x	as long as short
HTX XAU-USDT	+0.0222%	4h	4,336.6	+0.108%	$2.8M	$5.0M	75x	as long as short
Bitget XAUUSDT	+0.0246%	4h	4,332.2	+0.005%	$68.1M	$119.0M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0247%	1h	4,329.6	−0.053%	$590K	$130K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0326%	8h	4,332.5	+0.013%	$170.5M	$297.2M	100x	as long as short
Phemex XAUUSDT	+0.0370%	4h	4,334.2	+0.052%	$2.2M	$962K	100x	as long as short
BloFin XAU-USDT	+0.0381%	4h	4,332.4	+0.009%	$16.0M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0305%	1h	4,332.4	+0.009%	$253K	—	111x	as long as short