XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0071%/8h= +7.7% APRnext payment +$0.09 per $10,000 · paid last 24h +0.021%

Price spread now: Phoenix against Ondo Perps+0.007%48s7-day average — · you sell dearer than you buy

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

Long on Ondo Perps Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.135%+$14 on $10k

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

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 48 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	Ondo Perps XAU-USD.P	4,350.7	0.0050	pay 0.0006% / 1h	54m 18s	$15.1M	$57.9M	25x
Short	Phoenix GOLD	4,351	0.0121	get 0.0015% / 1h	54m 18s	$47K	$77K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Ondo Perps. 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 Ondo PerpsbpFee PhoenixbpOrdersPrice spread, now +0.007%Rate

Funding earned: $14.85
Price spread: +0.007% → 0.000%: $0.71
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $3.56
Costs to cover: 0.120%
Break-even: 5.3 days

Slippage unknown: Ondo Perps: no order-book sample; Phoenix: 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Phoenix no order-book sample	—	—	—	—	—

Ondo Perps and Phoenix: 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 38 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	−0.0162%	1h	4,348.3	−0.054%	$25K	$14K	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,355.6	+0.114%	$262.5M	$404.8M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,358.6	+0.181%	$93K	$9.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,350.3	−0.009%	$269K	—	250x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,354.2	+0.081%	$3.4M	$12.4M	25x	as long as short
Lighter XAU	+0.0032%	1h	4,354.8	+0.095%	$20.6M	$41.7M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,350.4	−0.006%	$13.5M	$40.9M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.006%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0036%	24h	4,350.7	0.000%	$4.1M	$36.2M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,353.6	+0.067%	$3.8M	$4.6M	40x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,387.7	+0.851%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,353.6	+0.067%	$5.6M	$1.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,350.3	−0.009%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,351	+0.007%	$293.7M	$48.6M	25x	as long as short
Ondo Perps XAU-USD.Plong	+0.0050%	1h	4,350.7	long leg	$15.1M	$57.9M	25x
Aster XAUUSD1	+0.0059%	4h	4,355.2	+0.104%	$70.2M	$328.0M	20x	as long as short
Lighter RH XAU	+0.0064%	1h	4,357.7	+0.161%	$20.1M	$39.3M	25x	as long as short
Paradex XAU-USD-PERP	+0.0085%	8h	4,355.8	+0.117%	$19K	$5K	5x	as long as short
Polymarket Perps GOLD-USD	+0.0099%	1h	4,353.4	+0.062%	$4.3M	$1.9M	20x	as long as short
Pacifica XAU	+0.0100%	1h	4,352.4	+0.040%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,351.3	+0.014%	$275K	$204K	50x	as long as short
Hotstuff GOLD-PERP	+0.0104%	1h	4,352.8	+0.048%	$33K	—	25x	as long as short
Variational Omni XAU	+0.0107%	4h	4,352.3	+0.036%	$48.3M	$28.1M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,354	+0.076%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0118%	4h	4,354.4	+0.085%	$372.5M	$315.3M	1000x	as long as short
edgeX XAUUSDC	+0.0120%	4h	4,348.3	−0.054%	$30.3M	$58.6M	50x	as long as short
Binance XAUUSDT	+0.0121%	4h	4,354.4	+0.085%	$411.0M	$2.09B	100x	as long as short
Phoenix GOLDshort	+0.0121%	1h	4,351	+0.007%	$47K	$77K	25x
GRVT XAU_USDT_Perp	+0.0136%	4h	4,354	+0.077%	$1.4M	$3.0M	25x	as long as short
Bullet GOLD-USD	+0.0190%	1h	4,354.4	+0.085%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0207%	4h	4,355.5	+0.111%	$84.0M	$145.0M	150x	as long as short
Bitget XAUUSDT	+0.0210%	4h	4,354.7	+0.091%	$69.7M	$109.1M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0233%	1h	4,352.9	+0.051%	$259K	$701K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0249%	8h	4,355.3	+0.106%	$164.6M	$282.1M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,351.6	+0.021%	$594K	$133K	25x	as long as short
Phemex XAUUSDT	+0.0331%	4h	4,355.7	+0.114%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0398% / S −0.0206%	1h	4,354.4	+0.084%	$251K	—	111x	as long as short
HTX XAU-USDT	+0.0613%	4h	4,357.7	+0.160%	$2.8M	$4.2M	75x	as long as short