Funding you earn now, next payment 09:00 UTC−0.0576%/8h= −63.1% APRpaid last 24h −0.130%
Price spread now: Extended against Phemex−0.178%7-day average −0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$590.592% of the position
Funding, last 7 days−0.344%−$34 on $10k
+Price spread, last 4 days (all we have)−0.084%−$8 · spread now −0.178%, 7d avg −0.096%
=Together, before fees−0.427%+ Points / potential airdropExtended: Active · farm board−$43 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Extended is 0.082% cheaper against Phemex than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.096%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.344% in total (about -17.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex XAUUSDT | 4,303.6 | 0.0656 | pay 0.0328% / 4h | 3h 27m | $2.2M | $956K | 100x |
| Short | Extended XAU-USD | 4,295.9 | 0.0080 | get 0.0010% / 1h | 27m 46s | $13.0M | $36.3M | 25x |
Phemex XAUUSDT
Extended XAU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$120.99
- Price spread: −0.178% → −0.096%
- −$8.23
- Slippage, 4 orders
- −$42.19
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$188.41
- Costs to cover
- 0.592%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 6 min ago; Extended: 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, 6 min ago | 1.98 bp | 29.7 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 1 min ago | 0.12 bp | 2.6 bp −$3 | 4.5 bp −$45 | 9.2 bp −$919 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX XAU-USDT | 0.0000% | 4h | 4,303.2 | −0.007% | $91K | $6.7M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,295.1 | −0.197% | $272K | — | 250x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +1.089% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,304.4 | +0.020% | $3.8M | $4.5M | 40x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,332.5 | +0.672% | — | $1.0M | 25x | as long as short |
| QFEX GOLD-USD | +0.0046% | 1h | 4,299.3 | −0.099% | $6.6M | $3.1M | 20x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,296.6 | −0.162% | $290.3M | $54.7M | 25x | as long as short |
| Polymarket Perps GOLD-USD | +0.0050% | 1h | 4,295.8 | −0.180% | $4.3M | $1.8M | 20x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,296.5 | −0.164% | $15.0M | $55.8M | 25x | as long as short |
| Aster XAUUSD1 | +0.0055% | 4h | 4,300.7 | −0.066% | $73.3M | $271.2M | 20x | as long as short |
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Injective XAU/USDC PERP
StandX XAU-USD
Vest GC-PERP
QFEX GOLD-USD
tradeXYZ xyz:GOLD
Polymarket Perps GOLD-USD
Ondo Perps XAU-USD.P
Aster XAUUSD1Show all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International GOLD-PERP-INTX | +0.0056% | 1h | 4,295.9 | −0.178% | $2.0M | $5.1M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0061% | 8h | 4,299.4 | −0.096% | $2K | $13K | 5x | as long as short |
| Hotstuff GOLD-PERP | +0.0072% | 1h | 4,300 | −0.083% | $32K | — | 25x | as long as short |
| Lighter XAU | +0.0080% | 1h | 4,299 | −0.106% | $20.2M | $29.3M | 25x | as long as short |
| Extended XAU-USDshort | +0.0080% | 1h | 4,295.9 | −0.178% | $13.0M | $36.3M | 25x | |
| Variational Omni XAU | +0.0092% | 4h | 4,306.3 | +0.064% | $46.7M | $29.2M | — | as long as short |
| Phoenix GOLD | +0.0095% | 1h | 4,306.2 | +0.061% | $42K | $86K | 25x | as long as short |
| Bybit XAUUSDT | +0.0097% | 4h | 4,301.2 | −0.054% | $77.6M | $159.1M | 150x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,296.9 | −0.155% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,303.5 | −0.002% | $275K | $218K | 50x | as long as short |
| MEXC XAU_USDT | +0.0108% | 4h | 4,299.9 | −0.085% | $362.5M | $342.4M | 1000x | as long as short |
| Binance XAUUSDT | +0.0109% | 4h | 4,299.9 | −0.085% | $434.8M | $2.24B | 100x | as long as short |
| Kalshi KXGOLDPERP | +0.0111% | 24h | 4,301 | −0.059% | $3.6M | $46.8M | 15x | as long as short |
| Lighter RH XAU | +0.0112% | 1h | 4,301.4 | −0.051% | $19.7M | $40.3M | 25x | as long as short |
| Aevo XAU-PERP | +0.0112% | 1h | 4,299.7 | −0.091% | $159K | $87 | 10x | as long as short |
| edgeX XAUUSDC | +0.0121% | 4h | 4,304 | +0.010% | $30.0M | $62.0M | 50x | as long as short |
| RISEx XAU/USDC | +0.0126% | 1h | 4,299.6 | −0.091% | $4.4M | $13.1M | 25x | as long as short |
| GRVT XAU_USDT_Perp | +0.0132% | 4h | 4,306 | +0.056% | $1.4M | $3.1M | 25x | as long as short |
| Gate XAU_USDT | +0.0152% | 4h | 4,301.6 | −0.045% | $297.8M | $431.3M | 100x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0192% | 1h | 4,298 | −0.129% | $133K | $851K | 25x | as long as short |
| Bitget XAUUSDT | +0.0196% | 4h | 4,300.5 | −0.070% | $70.3M | $126.3M | 100x | as long as short |
| Bullet GOLD-USD | +0.0198% | 1h | 4,299.4 | −0.096% | $58K | $81K | 10x | as long as short |
| OKX XAU-USDT-SWAP | +0.0250% | 8h | 4,300.9 | −0.062% | $170.0M | $335.7M | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0329% | 1h | 4,296.1 | −0.172% | $572K | $139K | 25x | as long as short |
| BloFin XAU-USDT | +0.0391% | 4h | 4,305.5 | +0.046% | $16.3M | $5.0M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0465% / S −0.0313% | 1h | 4,299.1 | −0.103% | $254K | — | 111x | as long as short |
| Phemex XAUUSDTlong | +0.0656% | 4h | 4,303.6 | long leg | $2.2M | $956K | 100x | |
| HTX XAU-USDT | +0.1140% | 4h | 4,305.8 | +0.051% | $3.2M | $6.8M | 75x | as long as short |
| Bluefin GOLD-PERP | +0.3247% | 1h | 4,293.8 | −0.227% | $25K | $1K | 20x | as long as short |
Coinbase International GOLD-PERP-INTX
Paradex XAU-USD-PERP
Hotstuff GOLD-PERP
Lighter XAU
Variational Omni XAU
Phoenix GOLD
Bybit XAUUSDT
Pacifica XAU
ApeX Omni XAUUSDT
MEXC XAU_USDT
Binance XAUUSDT
Kalshi KXGOLDPERP
Lighter RH XAU
Aevo XAU-PERP
edgeX XAUUSDC
RISEx XAU/USDC
GRVT XAU_USDT_Perp
Gate XAU_USDT
Deribit GOLD_USDC-PERPETUAL
Bitget XAUUSDT
Bullet GOLD-USD
OKX XAU-USDT-SWAP
Kraken Futures PF_XAUUSD
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]
HTX XAU-USDT
Bluefin GOLD-PERP