Funding you earn now, next payment 08:00 UTC−0.0188%/8h= −20.5% APRpaid last 24h −0.032%
Price spread now: ApeX Omni against OKX−0.137%110s7-day average −0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as 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−$410.414% of the position
Funding, last 7 days+0.049%+$5 on $10k
+Price spread, last 4 days (all we have)+0.087%+$9 · spread now −0.137%, 7d avg −0.062%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and ApeX Omni is 0.074% cheaper against OKX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.062%). Swap the legs. The two prices were read 110 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.049% in total (about 2.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX XAU-USDT-SWAP | 4,322.8 | 0.0288 | pay 0.0288% / 8h | 49m 45s | $173.4M | $300.4M | 100x |
| Short | ApeX Omni XAUUSDT | 4,316.9 | 0.0100 | get 0.0013% / 1h | 49m 45s | $272K | $208K | 50x |
OKX XAU-USDT-SWAP
ApeX Omni XAUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$39.4
- Price spread: −0.137% → −0.062%
- −$7.45
- Slippage, 4 orders
- −$21.39
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$88.24
- Costs to cover
- 0.414%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; ApeX Omni: live order book, 52 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 OKX live order book, 4 min ago | 0.12 bp | 5.1 bp −$5 | 5.1 bp −$51 | 6.9 bp −$686 | 14.8 bp −$7,418 |
| Sell ApeX Omni live order book, 52 min ago | 4.45 bp | 17.3 bp −$17 | 30.5 bp −$305 | 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 | −0.0051% | 1h | 4,315.1 | −0.178% | $25K | $1K | 20x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,326.8 | +0.093% | $92K | $7.4M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,318.7 | −0.096% | $270K | — | 250x | as long as short |
| Hotstuff GOLD-PERP | +0.0024% | 1h | 4,318 | −0.111% | $32K | — | 25x | as long as short |
| Bybit XAUUSDT | +0.0027% | 4h | 4,323.2 | +0.009% | $76.9M | $153.0M | 150x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.639% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,323.2 | +0.009% | $3.8M | $4.5M | 40x | as long as short |
| QFEX GOLD-USD | +0.0045% | 1h | 4,322 | −0.019% | $5.4M | $2.0M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,354.5 | +0.733% | — | $1.0M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,320.4 | −0.056% | $291.7M | $51.6M | 25x | as long as short |
Bluefin GOLD-PERP
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Hotstuff GOLD-PERP
Bybit XAUUSDT
Injective XAU/USDC PERP
StandX XAU-USD
QFEX GOLD-USD
Vest GC-PERP
tradeXYZ xyz:GOLDShow 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 | 4,318.4 | −0.102% | $15.0M | $55.7M | 25x | as long as short |
| Aster XAUUSD1 | +0.0061% | 4h | 4,324 | +0.027% | $72.7M | $272.7M | 20x | as long as short |
| Paradex XAU-USD-PERP | +0.0071% | 8h | 4,321.8 | −0.024% | $2K | $14K | 5x | as long as short |
| Lighter XAU | +0.0072% | 1h | 4,322.4 | −0.010% | $20.3M | $28.9M | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0072% | 1h | 4,318.2 | −0.106% | $2.1M | $4.8M | 25x | as long as short |
| Kalshi KXGOLDPERP | +0.0087% | 24h | 4,323.7 | +0.021% | $3.8M | $44.4M | 15x | as long as short |
| Variational Omni XAU | +0.0092% | 4h | 4,321 | −0.042% | $47.3M | $29.0M | — | as long as short |
| Phoenix GOLD | +0.0096% | 1h | 4,320.8 | −0.046% | $47K | $79K | 25x | as long as short |
| MEXC XAU_USDT | +0.0098% | 4h | 4,324.4 | +0.036% | $364.8M | $325.2M | 1000x | as long as short |
| Binance XAUUSDT | +0.0100% | 4h | 4,323.3 | +0.010% | $425.4M | $2.14B | 100x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,318.7 | −0.094% | $1.4M | $1.2M | 10x | as long as short |
| Gate XAU_USDT | +0.0100% | 4h | 4,325.9 | +0.071% | $279.5M | $410.6M | 100x | as long as short |
| GRVT XAU_USDT_Perp | +0.0100% | 4h | 4,323.9 | +0.026% | $1.4M | $3.0M | 25x | as long as short |
| ApeX Omni XAUUSDTshort | +0.0100% | 1h | 4,316.9 | −0.137% | $272K | $208K | 50x | |
| edgeX XAUUSDC | +0.0102% | 4h | 4,317.9 | −0.114% | $30.0M | $59.5M | 50x | as long as short |
| Aevo XAU-PERP | +0.0104% | 1h | 4,322 | −0.018% | $160K | $87 | 10x | as long as short |
| Lighter RH XAU | +0.0136% | 1h | 4,324 | +0.028% | $20.0M | $38.7M | 25x | as long as short |
| Extended XAU-USD | +0.0160% | 1h | 4,320.1 | −0.062% | $13.1M | $36.8M | 25x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0190% | 1h | 4,322.5 | −0.007% | $163K | $864K | 25x | as long as short |
| Bitget XAUUSDT | +0.0202% | 4h | 4,324.4 | +0.037% | $70.2M | $119.2M | 100x | as long as short |
| Bullet GOLD-USD | +0.0207% | 1h | 4,322.8 | 0.000% | $59K | $81K | 10x | as long as short |
| Polymarket Perps GOLD-USD | +0.0221% | 1h | 4,322.6 | −0.005% | $4.3M | $2.0M | 20x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0228% | 1h | 4,320.1 | −0.064% | $577K | $136K | 25x | as long as short |
| OKX XAU-USDT-SWAPlong | +0.0288% | 8h | 4,322.8 | long leg | $173.4M | $300.4M | 100x | |
| BloFin XAU-USDT | +0.0339% | 4h | 4,322.3 | −0.011% | $16.4M | $4.6M | 100x | as long as short |
| HTX XAU-USDT | +0.0366% | 4h | 4,327.4 | +0.105% | $3.2M | $5.8M | 75x | as long as short |
| Phemex XAUUSDT | +0.0385% | 4h | 4,325.9 | +0.072% | $2.2M | $975K | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0462% / S −0.0307% | 1h | 4,322.8 | 0.000% | $252K | — | 111x | as long as short |
| RISEx XAU/USDC | +0.0643% | 1h | 4,323.2 | +0.009% | $4.5M | $13.2M | 25x | as long as short |
Ondo Perps XAU-USD.P
Aster XAUUSD1
Paradex XAU-USD-PERP
Lighter XAU
Coinbase International GOLD-PERP-INTX
Kalshi KXGOLDPERP
Variational Omni XAU
Phoenix GOLD
MEXC XAU_USDT
Binance XAUUSDT
Pacifica XAU
Gate XAU_USDT
GRVT XAU_USDT_Perp
edgeX XAUUSDC
Aevo XAU-PERP
Lighter RH XAU
Extended XAU-USD
Deribit GOLD_USDC-PERPETUAL
Bitget XAUUSDT
Bullet GOLD-USD
Polymarket Perps GOLD-USD
Kraken Futures PF_XAUUSD
BloFin XAU-USDT
HTX XAU-USDT
Phemex XAUUSDT
GMX GOLD/USD [ETH-USDC]
RISEx XAU/USDC