XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0278%/8h= −30.5% APRnext payment −$1.39 per $10,000 · paid last 24h −0.115%

Price spread now: Aster against Phemex−0.055%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$790.795% of the position

Long on Phemex Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.268%−$27 on $10k

Price spread, last 3 days (all we have)−0.001%$0 · spread now −0.055%, 7d avg −0.026%

Together, before fees−0.269%+ Points / potential airdropAster: Stage 5 · farm board−$27 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Aster is 0.029% cheaper against Phemex than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.026%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex XAUUSDT	4,355.1	0.0334	pay 0.0167% / 4h	2h 00m	$2.2M	$1.1M	100x
Short	Aster XAUUSD1	4,352.7	0.0055	get 0.0028% / 4h	2h 00m	$70.0M	$324.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Phemex. 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 PhemexbpFee AsterbpOrdersPrice spread, now −0.055%Rate

Funding earned: −$58.44
Price spread: −0.055% → −0.026%: −$2.95
Slippage, 4 orders: −$59.47
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$140.86
Costs to cover: 0.795%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; Aster: live order book, 4 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 Phemex live order book, 3 min ago	1.73 bp	37.0 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	0.01 bp	4.1 bp −$4	4.8 bp −$48	18.2 bp −$1,820	doesn't fit

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
Gate XAU_USDT	0.0000%	4h	4,353.8	−0.032%	$263.6M	$418.2M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,356.4	+0.028%	$93K	$9.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,348.4	−0.155%	$269K	—	250x	as long as short
Extended XAU-USD	+0.0032%	1h	4,348.2	−0.159%	$13.5M	$41.4M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.108%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0036%	24h	4,350.4	−0.109%	$4.1M	$36.1M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,354.1	−0.024%	$3.8M	$4.6M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,385.5	+0.697%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,349.2	−0.136%	$293.5M	$49.0M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,349.7	−0.126%	$15.1M	$57.9M	25x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USD	+0.0051%	1h	4,351.4	−0.086%	$5.5M	$1.9M	20x	as long as short
Aster XAUUSD1short	+0.0055%	4h	4,352.7	−0.055%	$70.0M	$324.1M	20x
Lighter XAU	+0.0056%	1h	4,351.3	−0.089%	$20.6M	$43.9M	25x	as long as short
Hotstuff GOLD-PERP	+0.0056%	1h	4,349.8	−0.123%	$33K	—	25x	as long as short
Lighter RH XAU	+0.0064%	1h	4,353.3	−0.043%	$20.1M	$41.1M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,348.2	−0.159%	$2.0M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0087%	8h	4,352.3	−0.066%	$19K	$5K	5x	as long as short
Polymarket Perps GOLD-USD	+0.0088%	1h	4,351.3	−0.088%	$4.3M	$1.9M	20x	as long as short
Pacifica XAU	+0.0100%	1h	4,349.3	−0.134%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,349.2	−0.135%	$275K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,345.5	−0.221%	$25K	$14K	20x	as long as short
Variational Omni XAU	+0.0105%	4h	4,351.6	−0.081%	$48.2M	$28.0M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,350	−0.119%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0116%	4h	4,352.3	−0.066%	$372.8M	$325.5M	1000x	as long as short
Binance XAUUSDT	+0.0118%	4h	4,352.2	−0.068%	$410.1M	$2.09B	100x	as long as short
Phoenix GOLD	+0.0121%	1h	4,350.1	−0.116%	$47K	$64K	25x	as long as short
edgeX XAUUSDC	+0.0131%	4h	4,345.5	−0.221%	$30.2M	$59.2M	50x	as long as short
GRVT XAU_USDT_Perp	+0.0134%	4h	4,353.4	−0.040%	$1.4M	$3.0M	25x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,352.7	−0.057%	$3.4M	$12.4M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0164%	1h	4,350	−0.118%	$260K	$693K	25x	as long as short
Bullet GOLD-USD	+0.0177%	1h	4,352.4	−0.063%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0202%	4h	4,353.3	−0.042%	$84.0M	$145.0M	150x	as long as short
Bitget XAUUSDT	+0.0206%	4h	4,352.7	−0.055%	$69.6M	$109.0M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0246%	8h	4,353.9	−0.028%	$164.5M	$281.7M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,349.1	−0.138%	$593K	$133K	25x	as long as short
Phemex XAUUSDTlong	+0.0334%	4h	4,355.1	long leg	$2.2M	$1.1M	100x
GMX GOLD/USD [ETH-USDC]	L +0.0396% / S −0.0204%	1h	4,352.4	−0.063%	$251K	—	111x	as long as short
HTX XAU-USDT	+0.0612%	4h	4,357.9	+0.062%	$2.9M	$4.1M	75x	as long as short