XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0353%/8h= −38.7% APRnext payment −$1.77 per $10,000 · paid last 24h −0.123%

Price spread now: Bybit against Phemex+0.025%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$620.618% of the position

Long on Phemex Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.256%−$26 on $10k

Price spread, last 4 days (all we have)−0.071%−$7 · spread now +0.025%, 7d avg −0.015%

Together, before fees−0.327%−$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.039% dearer against Phemex than usual: you sell high and buy low (spread +0.025% now, against its 7-day average of −0.015%): +$4 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.256% in total) that is about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex XAUUSDT	4,316.9	0.0416	pay 0.0208% / 4h	19m 40s	$2.2M	$976K	100x
Short	Bybit XAUUSDT	4,317.9	0.0062	get 0.0031% / 4h	19m 40s	$77.7M	$154.6M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$74.19
Price spread: +0.025% → −0.015%: $3.95
Slippage, 4 orders: −$38.76
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$132.01
Costs to cover: 0.618%
Break-even: never at this rate

Slippage from Phemex: live order book, 4 min ago; Bybit: 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	2.19 bp	26.1 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.01 bp	5.9 bp −$6	8.2 bp −$82	10.9 bp −$1,089	33.8 bp −$16.9K

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
SunX XAU-USDT	0.0000%	4h	4,321.5	+0.108%	$92K	$7.2M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,312	−0.113%	$269K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.777%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,319.3	+0.057%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,315.5	−0.032%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,349.1	+0.747%	—	$1.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0048%	1h	4,314	−0.066%	$32K	—	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,313.4	−0.080%	$290.8M	$51.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,313.4	−0.081%	$15.0M	$55.3M	25x	as long as short
Aster XAUUSD1	+0.0057%	4h	4,318	+0.026%	$72.9M	$272.1M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit XAUUSDTshort	+0.0062%	4h	4,317.9	+0.025%	$77.7M	$154.6M	150x
Paradex XAU-USD-PERP	+0.0063%	8h	4,316.4	−0.012%	$2K	$14K	5x	as long as short
Bluefin GOLD-PERP	+0.0070%	1h	4,310.3	−0.152%	$25K	$1K	20x	as long as short
Lighter XAU	+0.0072%	1h	4,316.2	−0.016%	$20.3M	$30.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,312.4	−0.103%	$2.1M	$5.0M	25x	as long as short
Variational Omni XAU	+0.0095%	4h	4,317.1	+0.006%	$47.1M	$29.1M	—	as long as short
Kalshi KXGOLDPERP	+0.0096%	24h	4,318	+0.026%	$3.6M	$45.0M	15x	as long as short
Phoenix GOLD	+0.0096%	1h	4,315.6	−0.029%	$42K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,313.2	−0.084%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,315.5	−0.031%	$272K	$209K	50x	as long as short
Lighter RH XAU	+0.0104%	1h	4,318.4	+0.035%	$20.0M	$39.7M	25x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,316.6	−0.007%	$160K	$87	10x	as long as short
MEXC XAU_USDT	+0.0106%	4h	4,317.3	+0.009%	$364.3M	$334.5M	1000x	as long as short
Binance XAUUSDT	+0.0106%	4h	4,317.3	+0.009%	$426.0M	$2.16B	100x	as long as short
GRVT XAU_USDT_Perp	+0.0108%	4h	4,315.9	−0.022%	$1.4M	$3.0M	25x	as long as short
Gate XAU_USDT	+0.0110%	4h	4,319	+0.050%	$283.4M	$423.3M	100x	as long as short
Extended XAU-USD	+0.0120%	1h	4,313.1	−0.088%	$13.2M	$36.8M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0121%	1h	4,315.7	−0.027%	$162K	$876K	25x	as long as short
edgeX XAUUSDC	+0.0124%	4h	4,311.9	−0.115%	$30.0M	$60.1M	50x	as long as short
Bitget XAUUSDT	+0.0190%	4h	4,317.1	+0.005%	$70.3M	$120.8M	100x	as long as short
Bullet GOLD-USD	+0.0204%	1h	4,317.6	+0.016%	$59K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0219%	1h	4,317.5	+0.015%	$4.3M	$1.8M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0228%	1h	4,314.8	−0.047%	$574K	$138K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0271%	8h	4,317.3	+0.010%	$174.6M	$303.6M	100x	as long as short
BloFin XAU-USDT	+0.0346%	4h	4,317.3	+0.010%	$16.6M	$4.9M	100x	as long as short
Phemex XAUUSDTlong	+0.0416%	4h	4,316.9	long leg	$2.2M	$976K	100x
GMX GOLD/USD [ETH-USDC]	L +0.0465% / S −0.0311%	1h	4,316.2	−0.015%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.0495%	4h	4,323.7	+0.159%	$3.2M	$6.0M	75x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,317	+0.003%	$4.5M	$13.3M	25x	as long as short