XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0316%/8h= −34.6% APRnext payment −$1.58 per $10,000 · paid last 24h −0.157%

Price spread now: SunX against Phemex+0.034%7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$161as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1191.186% of the position

Long on Phemex Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.420%−$42 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now +0.034%, 7d avg +0.064%

Together, before fees−0.397%−$40 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and SunX is 0.031% cheaper against Phemex than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.064%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex XAUUSDT	4,325.6	0.0316	pay 0.0158% / 4h	1h 19m	$2.2M	$967K	100x
Short	SunX XAU-USDT	4,327	0	get 0.0000% / 4h	1h 19m	$92K	$7.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$66.41
Price spread: +0.034% → +0.064%: −$3.09
Slippage, 4 orders: −$98.61
Fee Phemex: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$188.11
Costs to cover: 1.186%
Break-even: never at this rate

Slippage from Phemex: live order book, 4 min ago; SunX: live order book, 9 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, 4 min ago	1.21 bp	35.1 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	23.35 bp	29.5 bp −$29	47.0 bp −$470	doesn't fit	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
Bluefin GOLD-PERP	−0.0058%	1h	4,316.8	−0.203%	$25K	$1K	20x	as long as short
SunX XAU-USDTshort	0.0000%	4h	4,327	+0.034%	$92K	$7.6M	20x
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,319.3	−0.144%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0020%	4h	4,323.1	−0.058%	$77.3M	$154.6M	150x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.575%	$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	−0.082%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,355.3	+0.688%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,317.4	−0.189%	$291.4M	$51.3M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,317.8	−0.180%	$15.0M	$55.4M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XAU	+0.0064%	1h	4,320.5	−0.117%	$20.3M	$30.7M	25x	as long as short
Aster XAUUSD1	+0.0066%	4h	4,323.8	−0.041%	$72.5M	$274.6M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,320.6	−0.115%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0077%	8h	4,321.3	−0.099%	$2K	$13K	5x	as long as short
Kalshi KXGOLDPERP	+0.0078%	24h	4,324.1	−0.034%	$3.8M	$43.8M	15x	as long as short
GRVT XAU_USDT_Perp	+0.0086%	4h	4,323.2	−0.054%	$1.4M	$3.0M	25x	as long as short
Variational Omni XAU	+0.0093%	4h	4,322.6	−0.068%	$47.3M	$28.8M	—	as long as short
MEXC XAU_USDT	+0.0098%	4h	4,321.7	−0.089%	$361.9M	$331.2M	1000x	as long as short
Binance XAUUSDT	+0.0099%	4h	4,322	−0.083%	$423.1M	$2.13B	100x	as long as short
Phoenix GOLD	+0.0100%	1h	4,319.2	−0.147%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,318	−0.175%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,319.1	−0.149%	$272K	$208K	50x	as long as short
Extended XAU-USD	+0.0104%	1h	4,316.5	−0.210%	$12.9M	$37.0M	25x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,322.6	−0.069%	$160K	$87	10x	as long as short
Gate XAU_USDT	+0.0114%	4h	4,322.6	−0.069%	$281.4M	$420.6M	100x	as long as short
edgeX XAUUSDC	+0.0116%	4h	4,318.4	−0.166%	$30.0M	$59.7M	50x	as long as short
Lighter RH XAU	+0.0120%	1h	4,323.1	−0.056%	$19.9M	$39.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0120%	1h	4,319.3	−0.145%	$32K	—	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0153%	1h	4,320.3	−0.122%	$577K	$146K	25x	as long as short
Bullet GOLD-USD	+0.0183%	1h	4,323.1	−0.058%	$59K	$82K	10x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,325.5	−0.002%	$4.1M	$12.9M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0212%	1h	4,323.2	−0.055%	$4.3M	$1.9M	20x	as long as short
Bitget XAUUSDT	+0.0222%	4h	4,321.7	−0.088%	$67.7M	$118.2M	100x	as long as short
HTX XAU-USDT	+0.0265%	4h	4,326.7	+0.027%	$2.8M	$4.9M	75x	as long as short
OKX XAU-USDT-SWAP	+0.0302%	8h	4,322.8	−0.064%	$172.4M	$299.1M	100x	as long as short
Phemex XAUUSDTlong	+0.0316%	4h	4,325.6	long leg	$2.2M	$967K	100x
BloFin XAU-USDT	+0.0339%	4h	4,323.7	−0.044%	$16.2M	$4.6M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0375%	1h	4,321.9	−0.085%	$191K	$837K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0461% / S −0.0307%	1h	4,322.5	−0.071%	$252K	—	111x	as long as short