Funding you earn now, next payment 08:00 UTC−0.0229%/8h= −25.1% APRnext payment −$1.15 per $10,000 · paid last 24h −0.122%
Price spread now: MEXC against Phemex−0.040%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$660.659% of the position
Funding, last 7 days−0.238%−$24 on $10k
+Price spread, last 4 days (all we have)−0.031%−$3 · spread now −0.040%, 7d avg −0.036%
=The price spread sits at its 7-day average of −0.036%, so right now this pair is about funding alone: −$7 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 | 4,325.6 | 0.0327 | pay 0.0164% / 4h | 1h 18m | $2.2M | $967K | 100x |
| Short | MEXC XAU_USDT | 4,323.9 | 0.0098 | get 0.0049% / 4h | 1h 18m | $367.9M | $332.1M | 1000x |
Phemex XAUUSDT
MEXC XAU_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$48.14
- Price spread: −0.040% → −0.036%
- −$0.42
- Slippage, 4 orders
- −$49.87
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$114.44
- Costs to cover
- 0.659%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; MEXC: 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 | 1.21 bp | 35.1 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 0.04 bp | 2.0 bp −$2 | 2.2 bp −$22 | 8.1 bp −$806 | 19.6 bp −$9,778 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin GOLD-PERP | −0.0062% | 1h | 4,316.5 | −0.210% | $25K | $1K | 20x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,327.1 | +0.035% | $92K | $7.6M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,319.8 | −0.135% | $270K | — | 250x | as long as short |
| Hotstuff GOLD-PERP | +0.0016% | 1h | 4,319.3 | −0.145% | $32K | — | 25x | as long as short |
| Bybit XAUUSDT | +0.0020% | 4h | 4,324.6 | −0.024% | $77.3M | $154.4M | 150x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.574% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,323.4 | −0.050% | $3.8M | $4.5M | 40x | as long as short |
| QFEX GOLD-USD | +0.0042% | 1h | 4,322 | −0.083% | $5.4M | $2.0M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,355.1 | +0.682% | — | $1.0M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,319.6 | −0.138% | $291.5M | $51.3M | 25x | as long as short |
Bluefin GOLD-PERP
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Hotstuff GOLD-PERP
Bybit XAUUSDT
Injective XAU/USDC PERP
StandX XAU-USD
QFEX GOLD-USD
Vest GC-PERP
tradeXYZ xyz:GOLDShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,318.6 | −0.161% | $15.0M | $55.5M | 25x | as long as short |
| Aster XAUUSD1 | +0.0066% | 4h | 4,325.2 | −0.010% | $72.5M | $274.5M | 20x | as long as short |
| Lighter XAU | +0.0072% | 1h | 4,322.6 | −0.069% | $20.3M | $30.7M | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0072% | 1h | 4,319.1 | −0.150% | $2.1M | $4.9M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0078% | 8h | 4,322 | −0.082% | $2K | $14K | 5x | as long as short |
| Kalshi KXGOLDPERP | +0.0079% | 24h | 4,324 | −0.037% | $3.8M | $43.9M | 15x | as long as short |
| GRVT XAU_USDT_Perp | +0.0086% | 4h | 4,323.2 | −0.055% | $1.4M | $3.0M | 25x | as long as short |
| Variational Omni XAU | +0.0093% | 4h | 4,322.6 | −0.069% | $47.3M | $28.8M | — | as long as short |
| MEXC XAU_USDTshort | +0.0098% | 4h | 4,323.9 | −0.040% | $367.9M | $332.1M | 1000x | |
| Phoenix GOLD | +0.0100% | 1h | 4,319.2 | −0.147% | $47K | $79K | 25x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,319.4 | −0.143% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,319.8 | −0.134% | $272K | $208K | 50x | as long as short |
| Binance XAUUSDT | +0.0100% | 4h | 4,323.7 | −0.045% | $423.2M | $2.13B | 100x | as long as short |
| Aevo XAU-PERP | +0.0104% | 1h | 4,322.5 | −0.070% | $160K | $87 | 10x | as long as short |
| edgeX XAUUSDC | +0.0116% | 4h | 4,318.4 | −0.167% | $30.0M | $59.7M | 50x | as long as short |
| Gate XAU_USDT | +0.0118% | 4h | 4,325.1 | −0.011% | $282.4M | $421.3M | 100x | as long as short |
| Lighter RH XAU | +0.0120% | 1h | 4,324.9 | −0.016% | $19.9M | $39.1M | 25x | as long as short |
| Extended XAU-USD | +0.0120% | 1h | 4,319.2 | −0.147% | $12.9M | $37.0M | 25x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0153% | 1h | 4,320.6 | −0.115% | $577K | $146K | 25x | as long as short |
| RISEx XAU/USDC | +0.0184% | 1h | 4,325.2 | −0.010% | $4.1M | $12.8M | 25x | as long as short |
| Bullet GOLD-USD | +0.0184% | 1h | 4,323.4 | −0.050% | $59K | $82K | 10x | as long as short |
| Polymarket Perps GOLD-USD | +0.0214% | 1h | 4,323.2 | −0.055% | $4.3M | $1.9M | 20x | as long as short |
| Bitget XAUUSDT | +0.0222% | 4h | 4,323.3 | −0.053% | $67.6M | $118.3M | 100x | as long as short |
| HTX XAU-USDT | +0.0268% | 4h | 4,327.7 | +0.048% | $3.0M | $5.4M | 75x | as long as short |
| OKX XAU-USDT-SWAP | +0.0302% | 8h | 4,324.5 | −0.025% | $172.6M | $299.5M | 100x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0306% | 1h | 4,322.3 | −0.076% | $191K | $837K | 25x | as long as short |
| Phemex XAUUSDTlong | +0.0327% | 4h | 4,325.6 | long leg | $2.2M | $967K | 100x | |
| BloFin XAU-USDT | +0.0339% | 4h | 4,322.9 | −0.062% | $16.2M | $4.6M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0461% / S −0.0307% | 1h | 4,323.6 | −0.045% | $252K | — | 111x | as long as short |
Ondo Perps XAU-USD.P
Aster XAUUSD1
Lighter XAU
Coinbase International GOLD-PERP-INTX
Paradex XAU-USD-PERP
Kalshi KXGOLDPERP
GRVT XAU_USDT_Perp
Variational Omni XAU
Phoenix GOLD
Pacifica XAU
ApeX Omni XAUUSDT
Binance XAUUSDT
Aevo XAU-PERP
edgeX XAUUSDC
Gate XAU_USDT
Lighter RH XAU
Extended XAU-USD
Kraken Futures PF_XAUUSD
RISEx XAU/USDC
Bullet GOLD-USD
Polymarket Perps GOLD-USD
Bitget XAUUSDT
HTX XAU-USDT
OKX XAU-USDT-SWAP
Deribit GOLD_USDC-PERPETUAL
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]