XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0066%/8h= −7.2% APRnext payment −$0.33 per $10,000 · paid last 24h −0.013%

Price spread now: BloFin against Phemex−0.041%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$770.773% of the position

Long on Phemex Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 3 days (all we have)+0.009%+$1 · spread now −0.041%, 7d avg −0.023%

Together, before fees+0.105%+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.023%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.096%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex XAUUSDT	4,366.6	0.0306	pay 0.0153% / 4h	44m 50s	$2.2M	$1.1M	100x
Short	BloFin XAU-USDT	4,364.8	0.0240	get 0.0120% / 4h	44m 50s	$14.7M	$4.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.041%Rate

Funding earned: −$13.77
Price spread: −0.041% → −0.023%: −$1.89
Slippage, 4 orders: −$53.32
Fee Phemex: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$92.97
Costs to cover: 0.773%
Break-even: never at this rate

Slippage from Phemex: live order book, 4 min ago; BloFin: 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, 4 min ago	1.54 bp	29.8 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	0.01 bp	6.0 bp −$6	6.0 bp −$60	7.4 bp −$738	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	−0.0327%	1h	4,359.1	−0.172%	$26K	$21K	20x	as long as short
Phoenix GOLD	−0.0004%	1h	4,364.9	−0.039%	$48K	$65K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,364.2	−0.056%	$71.5M	$228.5M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,363.3	−0.075%	$408.2M	$2.11B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,363.8	−0.065%	$82.6M	$141.5M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,365	−0.037%	$3.4M	$12.4M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,364.7	−0.044%	$268.1M	$406.9M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,364	−0.061%	$375.9M	$320.7M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,363.3	−0.075%	$66.9M	$111.0M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,365.9	−0.017%	$48.5M	$30.6M	—	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XAU_USDT_Perp	0.0000%	4h	4,367.4	+0.018%	$1.4M	$3.1M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,362.8	−0.087%	$4.0M	$35.2M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,368.3	+0.039%	$93K	$10.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,360.4	−0.142%	$267K	—	250x	as long as short
edgeX XAUUSDC	+0.0007%	4h	4,361.8	−0.110%	$30.3M	$58.2M	50x	as long as short
Bullet GOLD-USD	+0.0021%	1h	4,364	−0.059%	$60K	$81K	10x	as long as short
QFEX GOLD-USD	+0.0032%	1h	4,364.7	−0.044%	$5.6M	$1.7M	20x	as long as short
Lighter XAU	+0.0032%	1h	4,362.6	−0.091%	$20.9M	$44.3M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,365.1	−0.035%	$20.3M	$41.6M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,360.5	−0.140%	$13.0M	$46.6M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.371%	$619	$54	52x	as long as short
Hotstuff GOLD-PERP	+0.0040%	1h	4,362	−0.106%	$33K	—	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,366.4	−0.005%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,399.4	+0.751%	—	$1.0M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0048%	1h	4,362.1	−0.103%	$235K	$735K	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,360.1	−0.149%	$293.5M	$52.3M	25x	as long as short
Paradex XAU-USD-PERP	+0.0050%	8h	4,365.3	−0.030%	$19K	$6K	5x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,361.5	−0.117%	$14.5M	$56.1M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0072%	1h	4,363.6	−0.069%	$4.3M	$1.8M	20x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,363.3	−0.075%	$162K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,362	−0.106%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,363.9	−0.062%	$277K	$204K	50x	as long as short
HTX XAU-USDT	+0.0133%	4h	4,367.4	+0.019%	$2.8M	$3.8M	75x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0152%	1h	4,364.6	−0.046%	$2.0M	$5.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0154%	8h	4,365	−0.037%	$157.9M	$270.9M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0220%	1h	4,361.1	−0.125%	$602K	$138K	25x	as long as short
BloFin XAU-USDTshort	+0.0240%	4h	4,364.8	−0.041%	$14.7M	$4.4M	100x
Phemex XAUUSDTlong	+0.0306%	4h	4,366.6	long leg	$2.2M	$1.1M	100x
GMX GOLD/USD [ETH-USDC]	L +0.0388% / S −0.0197%	1h	4,363.8	−0.065%	$252K	—	111x	as long as short