XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0313%/8h= −34.3% APRnext payment −$1.56 per $10,000 · paid last 24h −0.116%

Price spread now: Gate against Phemex−0.014%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$115as in the Funding arb table

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

costs, in and out, $10k−$780.781% of the position

Long on Phemex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.370%−$37 on $10k

Price spread, last 3 days (all we have)−0.031%−$3 · spread now −0.014%, 7d avg −0.003%

Together, before fees−0.401%−$40 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex XAUUSDT	4,358.1	0.0313	pay 0.0156% / 4h	1h 16m	$2.2M	$1.1M	100x
Short	Gate XAU_USDT	4,357.5	0	get 0.0000% / 4h	1h 16m	$271.9M	$409.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.014%Rate

Funding earned: −$65.69
Price spread: −0.014% → −0.003%: −$1.17
Slippage, 4 orders: −$51.1
Fee Phemex: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$144.96
Costs to cover: 0.781%
Break-even: never at this rate

Slippage from Phemex: live order book, 1 min ago; Gate: live order book, 2 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, 1 min ago	2.38 bp	25.0 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	0.01 bp	7.5 bp −$8	8.9 bp −$89	12.9 bp −$1,288	14.3 bp −$7,151

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	4,353.4	−0.108%	$600K	$140K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,356.9	−0.029%	$71.4M	$234.2M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,355.7	−0.055%	$409.7M	$2.08B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,356.8	−0.031%	$82.6M	$141.2M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,355.8	−0.054%	$3.5M	$12.4M	25x	as long as short
Gate XAU_USDTshort	0.0000%	4h	4,357.5	−0.014%	$271.9M	$409.8M	100x
MEXC XAU_USDT	0.0000%	4h	4,355.8	−0.053%	$378.2M	$352.4M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,356	−0.048%	$67.1M	$109.5M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,355.2	−0.067%	$48.0M	$31.0M	—	as long as short
GRVT XAU_USDT_Perp	0.0000%	4h	4,355.2	−0.066%	$1.4M	$3.2M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXGOLDPERP	0.0000%	24h	4,352.9	−0.120%	$4.0M	$34.4M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,360.1	+0.045%	$93K	$10.7M	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	0.0000%	1h	4,354.2	−0.090%	$235K	$734K	25x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,352.8	−0.122%	$267K	—	250x	as long as short
QFEX GOLD-USD	+0.0002%	1h	4,355.7	−0.055%	$5.6M	$1.7M	20x	as long as short
edgeX XAUUSDC	+0.0016%	4h	4,350.9	−0.166%	$30.3M	$58.3M	50x	as long as short
tradeXYZ xyz:GOLD	+0.0018%	1h	4,352	−0.140%	$292.8M	$52.9M	25x	as long as short
Lighter XAU	+0.0032%	1h	4,355.4	−0.063%	$21.0M	$44.4M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,357.3	−0.018%	$20.3M	$42.0M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,352.9	−0.120%	$13.0M	$49.4M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.176%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,355.7	−0.055%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,390.1	+0.734%	—	$1.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0050%	8h	4,355.7	−0.054%	$19K	$6K	5x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,352.2	−0.135%	$14.4M	$55.6M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0052%	1h	4,355.8	−0.053%	$4.3M	$1.7M	20x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,354.8	−0.076%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,353	−0.116%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,352.7	−0.124%	$273K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,348.7	−0.216%	$26K	$21K	20x	as long as short
Bullet GOLD-USD	+0.0102%	1h	4,355.7	−0.054%	$60K	$85K	10x	as long as short
HTX XAU-USDT	+0.0106%	4h	4,358.7	+0.014%	$2.8M	$3.8M	75x	as long as short
Phoenix GOLD	+0.0109%	1h	4,352.2	−0.136%	$48K	$65K	25x	as long as short
Hotstuff GOLD-PERP	+0.0112%	1h	4,351.9	−0.142%	$33K	—	25x	as long as short
OKX XAU-USDT-SWAP	+0.0157%	8h	4,357	−0.025%	$158.9M	$266.9M	100x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0208%	1h	4,353	−0.117%	$2.0M	$5.1M	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,355.8	−0.053%	$14.8M	$4.3M	100x	as long as short
Phemex XAUUSDTlong	+0.0313%	4h	4,358.1	long leg	$2.2M	$1.1M	100x
GMX GOLD/USD [ETH-USDC]	L +0.0388% / S −0.0197%	1h	4,355.7	−0.054%	$251K	—	111x	as long as short