Funding you earn now, next payment 04:00 UTC+0.0036%/8h= +4.0% APRnext payment +$0.05 per $10,000 · paid last 24h +0.004%
Price spread now: Phoenix against Pacifica−0.009%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.083%+$8 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica XAU | 4,343.7 | 0.0100 | pay 0.0013% / 1h | 55m 03s | $1.4M | $1.1M | 10x |
| Short | Phoenix GOLD | 4,343.3 | 0.0136 | get 0.0017% / 1h | 55m 03s | $47K | $77K | 25x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Pacifica. 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
- $7.63
- Price spread: −0.009% → 0.000%
- −$0.92
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$8.3
- Costs to cover
- 0.150%
- Break-even
- 14.6 days
Slippage unknown: Pacifica: live order book, 4 min ago; 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 Pacifica live order book, 4 min ago | 0.12 bp | 4.5 bp −$4 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
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 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 | −0.0153% | 1h | 4,340 | −0.084% | $25K | $14K | 20x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,351.2 | +0.173% | $92K | $8.5M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,343.1 | −0.013% | $272K | — | 250x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,343 | −0.016% | $13.2M | $37.3M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.155% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,345.3 | +0.037% | $3.8M | $4.5M | 40x | as long as short |
| QFEX GOLD-USD | +0.0044% | 1h | 4,345.9 | +0.051% | $5.6M | $2.1M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,379.6 | +0.826% | — | $1.0M | 25x | as long as short |
| Lighter XAU | +0.0048% | 1h | 4,346.1 | +0.055% | $20.7M | $30.2M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,342.7 | −0.023% | $293.7M | $49.3M | 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 | 4,343.3 | −0.010% | $15.1M | $56.7M | 25x | as long as short |
| Kalshi KXGOLDPERP | +0.0053% | 24h | 4,345.3 | +0.037% | $4.3M | $39.2M | 15x | as long as short |
| RISEx XAU/USDC | +0.0054% | 1h | 4,347.6 | +0.090% | $3.7M | $12.6M | 25x | as long as short |
| Bybit XAUUSDT | +0.0056% | 4h | 4,347.2 | +0.081% | $80.1M | $151.9M | 150x | as long as short |
| Paradex XAU-USD-PERP | +0.0069% | 8h | 4,347.1 | +0.079% | $19K | $5K | 5x | as long as short |
| Gate XAU_USDT | +0.0070% | 4h | 4,348.5 | +0.111% | $269.1M | $395.3M | 100x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0072% | 1h | 4,344.9 | +0.028% | $2.1M | $4.7M | 25x | as long as short |
| Pacifica XAUlong | +0.0100% | 1h | 4,343.7 | long leg | $1.4M | $1.1M | 10x | |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,343.3 | −0.009% | $274K | $203K | 50x | as long as short |
| Lighter RH XAU | +0.0104% | 1h | 4,348.6 | +0.113% | $20.1M | $38.0M | 25x | as long as short |
| Aster XAUUSD1 | +0.0105% | 4h | 4,348.7 | +0.115% | $71.6M | $331.2M | 20x | as long as short |
| Variational Omni XAU | +0.0105% | 4h | 4,347 | +0.077% | $48.4M | $27.7M | — | as long as short |
| Aevo XAU-PERP | +0.0112% | 1h | 4,346.1 | +0.055% | $161K | $87 | 10x | as long as short |
| MEXC XAU_USDT | +0.0118% | 4h | 4,347 | +0.076% | $370.1M | $317.0M | 1000x | as long as short |
| Binance XAUUSDT | +0.0119% | 4h | 4,346.4 | +0.061% | $419.0M | $2.09B | 100x | as long as short |
| edgeX XAUUSDC | +0.0121% | 4h | 4,341.7 | −0.046% | $30.2M | $57.9M | 50x | as long as short |
| GRVT XAU_USDT_Perp | +0.0126% | 4h | 4,346.6 | +0.066% | $1.4M | $2.9M | 25x | as long as short |
| Hotstuff GOLD-PERP | +0.0136% | 1h | 4,343.5 | −0.005% | $33K | — | 25x | as long as short |
| Phoenix GOLDshort | +0.0136% | 1h | 4,343.3 | −0.009% | $47K | $77K | 25x | |
| Bullet GOLD-USD | +0.0164% | 1h | 4,347 | +0.076% | $59K | $82K | 10x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0164% | 1h | 4,345.7 | +0.046% | $203K | $825K | 25x | as long as short |
| Polymarket Perps GOLD-USD | +0.0166% | 1h | 4,346.5 | +0.064% | $4.2M | $2.0M | 20x | as long as short |
| Phemex XAUUSDT | +0.0214% | 4h | 4,349.7 | +0.138% | $2.2M | $967K | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0247% | 1h | 4,343.4 | −0.008% | $591K | $130K | 25x | as long as short |
| Bitget XAUUSDT | +0.0276% | 4h | 4,347 | +0.077% | $71.1M | $108.2M | 100x | as long as short |
| HTX XAU-USDT | +0.0319% | 4h | 4,349.5 | +0.132% | $2.8M | $4.6M | 75x | as long as short |
| OKX XAU-USDT-SWAP | +0.0333% | 8h | 4,348.3 | +0.106% | $167.8M | $282.5M | 100x | as long as short |
| BloFin XAU-USDT | +0.0359% | 4h | 4,347 | +0.076% | $15.8M | $4.4M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0428% / S −0.0252% | 1h | 4,347 | +0.076% | $250K | — | 111x | as long as short |
Pacifica XAU
Phoenix GOLD
Bluefin GOLD-PERP
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Extended XAU-USD
Injective XAU/USDC PERP
StandX XAU-USD
Lighter XAU
tradeXYZ xyz:GOLD
Kalshi KXGOLDPERP
RISEx XAU/USDC
Bybit XAUUSDT
Paradex XAU-USD-PERP
Gate XAU_USDT
Coinbase International GOLD-PERP-INTX
ApeX Omni XAUUSDT
Lighter RH XAU
Aster XAUUSD1
Variational Omni XAU
MEXC XAU_USDT
Binance XAUUSDT
edgeX XAUUSDC
GRVT XAU_USDT_Perp
Bullet GOLD-USD
Deribit GOLD_USDC-PERPETUAL
Polymarket Perps GOLD-USD
Phemex XAUUSDT
Kraken Futures PF_XAUUSD
Bitget XAUUSDT
HTX XAU-USDT
OKX XAU-USDT-SWAP
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]