Funding you earn now, next payment 00:00 UTC−0.0308%/8h= −33.7% APRnext payment −$1.54 per $10,000 · paid last 24h −0.082%
Price spread now: edgeX against Phemex−0.174%78s7-day average −0.195% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$680.681% of the position
Funding, last 7 days−0.226%−$23 on $10k
+Price spread, last 3 days (all we have)−0.113%−$11 · spread now −0.174%, 7d avg −0.195%
=Together, before fees−0.340%+ Points / potential airdropedgeX: Active · farm board−$34 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.021% dearer against Phemex than usual: you sell high and buy low (spread −0.174% now, against its 7-day average of −0.195%): +$2 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.226% in total) that is about 16 hours. The two prices were read 78 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 | Phemex XAUUSDT | 4,354.1 | 0.0322 | pay 0.0161% / 4h | 1h 48m | $2.2M | $1.1M | 100x |
| Short | edgeX XAUUSDC | 4,346.6 | 0.0014 | get 0.0007% / 4h | 1h 48m | $30.3M | $58.2M | 50x |
Phemex XAUUSDT
edgeX XAUUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Phemex. 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
- −$64.65
- Price spread: −0.174% → −0.195%
- $2.13
- Slippage, 4 orders
- −$47.12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$130.63
- Costs to cover
- 0.681%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; edgeX: live order book, 1 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, 5 min ago | 1.83 bp | 23.9 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 1 min ago | 0.34 bp | 4.8 bp −$5 | 4.8 bp −$48 | 8.2 bp −$816 | 34.4 bp −$17.2K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XAUUSD | −0.0175% | 1h | 4,350.5 | −0.083% | $600K | $160K | 25x | as long as short |
| tradeXYZ xyz:GOLD | −0.0069% | 1h | 4,348.4 | −0.132% | $292.8M | $53.5M | 25x | as long as short |
| Hotstuff GOLD-PERP | −0.0008% | 1h | 4,347.8 | −0.145% | $33K | — | 25x | as long as short |
| Aster XAUUSD1 | 0.0000% | 4h | 4,353 | −0.026% | $71.3M | $238.6M | 20x | as long as short |
| Binance XAUUSDT | 0.0000% | 4h | 4,352.8 | −0.031% | $410.0M | $2.09B | 100x | as long as short |
| Bybit XAUUSDT | 0.0000% | 4h | 4,353.3 | −0.020% | $82.5M | $141.8M | 150x | as long as short |
| RISEx XAU/USDC | 0.0000% | 1h | 4,353 | −0.026% | $3.4M | $12.6M | 25x | as long as short |
| Gate XAU_USDT | 0.0000% | 4h | 4,353.7 | −0.010% | $271.1M | $406.8M | 100x | as long as short |
| MEXC XAU_USDT | 0.0000% | 4h | 4,352.8 | −0.031% | $375.6M | $349.0M | 1000x | as long as short |
| Bitget XAUUSDT | 0.0000% | 4h | 4,353.3 | −0.020% | $67.3M | $110.8M | 100x | as long as short |
Kraken Futures PF_XAUUSD
tradeXYZ xyz:GOLD
Hotstuff GOLD-PERP
Aster XAUUSD1
Binance XAUUSDT
Bybit XAUUSDT
RISEx XAU/USDC
Gate XAU_USDT
MEXC XAU_USDT
Bitget XAUUSDTShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni XAU | 0.0000% | 4h | 4,351.3 | −0.064% | $47.9M | $32.5M | — | as long as short |
| GRVT XAU_USDT_Perp | 0.0000% | 4h | 4,352.5 | −0.038% | $1.4M | $3.2M | 25x | as long as short |
| Kalshi KXGOLDPERP | 0.0000% | 24h | 4,351.1 | −0.070% | $3.9M | $34.0M | 15x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,357 | +0.065% | $93K | $10.7M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,349.2 | −0.112% | $267K | — | 10x | as long as short |
| QFEX GOLD-USD | +0.0002% | 1h | 4,352 | −0.049% | $5.5M | $1.9M | 20x | as long as short |
| edgeX XAUUSDCshort | +0.0014% | 4h | 4,346.6 | −0.174% | $30.3M | $58.2M | 50x | |
| Lighter XAU | +0.0032% | 1h | 4,351.2 | −0.067% | $20.8M | $43.3M | 25x | as long as short |
| Lighter RH XAU | +0.0032% | 1h | 4,353 | −0.026% | $20.2M | $41.1M | 25x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,349.4 | −0.109% | $13.0M | $49.6M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | −0.085% | $619 | $54 | 52x | as long as short |
| HTX XAU-USDT | +0.0033% | 4h | 4,356.9 | +0.064% | $2.8M | $3.8M | 75x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,350.4 | −0.086% | $3.8M | $4.7M | 40x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,386.9 | +0.753% | — | $995K | 25x | as long as short |
| Polymarket Perps GOLD-USD | +0.0050% | 1h | 4,351.6 | −0.058% | $4.3M | $1.7M | 20x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,349 | −0.118% | $14.5M | $55.3M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0050% | 8h | 4,353.3 | −0.019% | $19K | $6K | 5x | as long as short |
| Aevo XAU-PERP | +0.0080% | 1h | 4,351.9 | −0.051% | $161K | $87 | 10x | as long as short |
| Bullet GOLD-USD | +0.0086% | 1h | 4,352.8 | −0.030% | $59K | $84K | 10x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,349.7 | −0.102% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,347.4 | −0.155% | $273K | $204K | 50x | as long as short |
| Bluefin GOLD-PERP | +0.0100% | 1h | 4,392.7 | +0.886% | $26K | $21K | 20x | as long as short |
| Phoenix GOLD | +0.0109% | 1h | 4,348.1 | −0.138% | $47K | $65K | 25x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0118% | 1h | 4,351.2 | −0.067% | $221K | $853K | 25x | as long as short |
| OKX XAU-USDT-SWAP | +0.0164% | 8h | 4,353.5 | −0.014% | $158.5M | $268.4M | 100x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0208% | 1h | 4,350 | −0.095% | $2.0M | $5.1M | 25x | as long as short |
| BloFin XAU-USDT | +0.0240% | 4h | 4,352.7 | −0.033% | $14.7M | $4.3M | 100x | as long as short |
| Phemex XAUUSDTlong | +0.0322% | 4h | 4,354.1 | long leg | $2.2M | $1.1M | 100x | |
| GMX GOLD/USD [ETH-USDC] | L +0.0450% / S −0.0246% | 1h | 4,352.8 | −0.030% | $251K | — | 29x | as long as short |
Variational Omni XAU
GRVT XAU_USDT_Perp
Kalshi KXGOLDPERP
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
QFEX GOLD-USD
Lighter XAU
Lighter RH XAU
Extended XAU-USD
Injective XAU/USDC PERP
HTX XAU-USDT
StandX XAU-USD
Vest GC-PERP
Polymarket Perps GOLD-USD
Ondo Perps XAU-USD.P
Paradex XAU-USD-PERP
Aevo XAU-PERP
Bullet GOLD-USD
Pacifica XAU
ApeX Omni XAUUSDT
Bluefin GOLD-PERP
Phoenix GOLD
Deribit GOLD_USDC-PERPETUAL
OKX XAU-USDT-SWAP
Coinbase International GOLD-PERP-INTX
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]