Funding you earn now, next payment 03:00 UTC−0.0133%/8h= −14.6% APRpaid last 24h −0.136%
Price spread now: Hotstuff against Phemex−0.161%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Hotstuff is 0.161% cheaper against Phemex than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex XAUUSDT | 4,353.8 | 0.0189 | pay 0.0095% / 4h | 1h 09m | $2.2M | $1.1M | 100x |
| Short | Hotstuff GOLD-PERP | 4,346.8 | 0.0056 | get 0.0007% / 1h | 9m 04s | $33K | — | 25x |
Phemex XAUUSDT
Hotstuff GOLD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff 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
- −$27.99
- Price spread: −0.161% → 0.000%
- −$16.1
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$61.09
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 4 min ago; Hotstuff: no order-book sample. Net counts fees only.
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 | 1.60 bp | 28.7 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate XAU_USDT | 0.0000% | 4h | 4,352.2 | −0.038% | $264.4M | $416.6M | 100x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,354.1 | +0.006% | $93K | $9.1M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,346.2 | −0.175% | $267K | — | 250x | as long as short |
| RISEx XAU/USDC | +0.0010% | 1h | 4,350 | −0.088% | $3.4M | $12.4M | 25x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,346.2 | −0.174% | $13.4M | $38.7M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | −0.078% | $619 | $54 | 52x | as long as short |
| Aster XAUUSD1 | +0.0040% | 4h | 4,350.4 | −0.078% | $70.7M | $334.1M | 20x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,350.1 | −0.085% | $3.8M | $4.6M | 40x | as long as short |
| Kalshi KXGOLDPERP | +0.0040% | 24h | 4,348.8 | −0.115% | $4.1M | $37.1M | 15x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,382.7 | +0.664% | — | $1.0M | 25x | as long as short |
Gate XAU_USDT
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
RISEx XAU/USDC
Extended XAU-USD
Injective XAU/USDC PERP
Aster XAUUSD1
StandX XAU-USD
Kalshi KXGOLDPERP
Vest GC-PERPShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX GOLD-USD | +0.0046% | 1h | 4,349.6 | −0.097% | $5.7M | $2.0M | 20x | as long as short |
| Lighter XAU | +0.0048% | 1h | 4,349.2 | −0.106% | $20.6M | $42.6M | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0048% | 1h | 4,347.5 | −0.145% | $2.0M | $4.9M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,347.5 | −0.145% | $294.0M | $48.9M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,347 | −0.158% | $15.1M | $56.8M | 25x | as long as short |
| Variational Omni XAU | +0.0053% | 4h | 4,347.3 | −0.149% | $48.5M | $27.8M | — | as long as short |
| GRVT XAU_USDT_Perp | +0.0054% | 4h | 4,349.5 | −0.100% | $1.4M | $2.9M | 25x | as long as short |
| Lighter RH XAU | +0.0056% | 1h | 4,351.3 | −0.058% | $20.1M | $39.9M | 25x | as long as short |
| Hotstuff GOLD-PERPshort | +0.0056% | 1h | 4,346.8 | −0.161% | $33K | — | 25x | |
| MEXC XAU_USDT | +0.0072% | 4h | 4,350.5 | −0.077% | $372.2M | $320.1M | 1000x | as long as short |
| Binance XAUUSDT | +0.0073% | 4h | 4,350.2 | −0.083% | $410.5M | $2.10B | 100x | as long as short |
| Paradex XAU-USD-PERP | +0.0078% | 8h | 4,350.3 | −0.080% | $19K | $5K | 5x | as long as short |
| edgeX XAUUSDC | +0.0084% | 4h | 4,343.5 | −0.237% | $30.2M | $58.4M | 50x | as long as short |
| Aevo XAU-PERP | +0.0096% | 1h | 4,348.9 | −0.113% | $161K | $87 | 10x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,346.6 | −0.167% | $1.4M | $1.1M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,347.5 | −0.146% | $275K | $203K | 50x | as long as short |
| Polymarket Perps GOLD-USD | +0.0116% | 1h | 4,349.2 | −0.106% | $4.3M | $1.9M | 20x | as long as short |
| Phoenix GOLD | +0.0136% | 1h | 4,350.4 | −0.078% | $47K | $77K | 25x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0141% | 1h | 4,348.5 | −0.122% | $254K | $752K | 25x | as long as short |
| Phemex XAUUSDTlong | +0.0189% | 4h | 4,353.8 | long leg | $2.2M | $1.1M | 100x | |
| Bullet GOLD-USD | +0.0191% | 1h | 4,350.1 | −0.085% | $60K | $83K | 10x | as long as short |
| Bybit XAUUSDT | +0.0202% | 4h | 4,351.4 | −0.056% | $84.4M | $145.4M | 150x | as long as short |
| Bitget XAUUSDT | +0.0214% | 4h | 4,350.9 | −0.067% | $70.3M | $109.5M | 100x | as long as short |
| OKX XAU-USDT-SWAP | +0.0258% | 8h | 4,351.4 | −0.055% | $165.4M | $283.4M | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0270% | 1h | 4,347.7 | −0.141% | $593K | $133K | 25x | as long as short |
| BloFin XAU-USDT | +0.0291% | 4h | 4,350.1 | −0.085% | $15.5M | $4.6M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0404% / S −0.0218% | 1h | 4,350.1 | −0.085% | $248K | — | 111x | as long as short |
| Bluefin GOLD-PERP | +0.0502% | 1h | 4,344.6 | −0.211% | $25K | $14K | 20x | as long as short |
| HTX XAU-USDT | +0.0582% | 4h | 4,356 | +0.051% | $2.9M | $4.2M | 75x | as long as short |
QFEX GOLD-USD
Lighter XAU
Coinbase International GOLD-PERP-INTX
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
Variational Omni XAU
GRVT XAU_USDT_Perp
Lighter RH XAU
MEXC XAU_USDT
Binance XAUUSDT
Paradex XAU-USD-PERP
edgeX XAUUSDC
Aevo XAU-PERP
Pacifica XAU
ApeX Omni XAUUSDT
Polymarket Perps GOLD-USD
Phoenix GOLD
Deribit GOLD_USDC-PERPETUAL
Bullet GOLD-USD
Bybit XAUUSDT
Bitget XAUUSDT
OKX XAU-USDT-SWAP
Kraken Futures PF_XAUUSD
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]
Bluefin GOLD-PERP
HTX XAU-USDT