XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0041%/8h= +4.5% APRnext payment +$0.05 per $10,000 · paid last 24h −0.010%

Price spread now: Coinbase International against Phoenix−0.064%72s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.315%+$31 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Coinbase International is 0.064% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.064% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 5.2 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.315% in total) that is about 34 hours. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix GOLD	4,362.9	0.0055	pay 0.0007% / 1h	31m 58s	$48K	$64K	25x
Short	Coinbase International GOLD-PERP-INTX	4,360.1	0.0096	get 0.0012% / 1h	31m 58s	$2.0M	$5.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 PhoenixbpFee Coinbase InternationalbpOrdersPrice spread, now −0.064%Rate

Funding earned: $8.63
Price spread: −0.064% → 0.000%: −$6.42
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$14.79
Costs to cover: 0.170%
Break-even: 19.0 days

Slippage unknown: Phoenix: no order-book sample; Coinbase International: live order book, 2 min ago. 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 Phoenix no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 2 min ago	0.12 bp	5.1 bp −$5	7.1 bp −$71	doesn't fit	doesn't fit

Phoenix: 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
Aster XAUUSD1	0.0000%	4h	4,363.6	+0.016%	$71.1M	$200.8M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,364.4	+0.035%	$265.6M	$414.3M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,365.3	+0.056%	$48.6M	$27.5M	—	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,360.5	−0.055%	$4.0M	$36.6M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,367.5	+0.105%	$93K	$10.3M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,359.1	−0.086%	$267K	—	250x	as long as short
MEXC XAU_USDT	+0.0008%	4h	4,362.7	−0.006%	$373.3M	$325.3M	1000x	as long as short
Binance XAUUSDT	+0.0011%	4h	4,363.3	+0.009%	$410.6M	$2.15B	100x	as long as short
edgeX XAUUSDC	+0.0022%	4h	4,359.4	−0.080%	$30.3M	$60.5M	50x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.286%	$619	$54	52x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin XAU-USDT	+0.0035%	4h	4,363.8	+0.022%	$15.5M	$4.5M	100x	as long as short
Bitget XAUUSDT	+0.0038%	4h	4,363.3	+0.009%	$69.6M	$113.3M	100x	as long as short
StandX XAU-USD	+0.0040%	1h	4,363.9	+0.023%	$3.8M	$4.7M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,363.4	+0.011%	$5.6M	$1.9M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,397.3	+0.788%	—	$1.0M	25x	as long as short
RISEx XAU/USDC	+0.0048%	1h	4,363.9	+0.024%	$3.4M	$12.3M	25x	as long as short
Hotstuff GOLD-PERP	+0.0048%	1h	4,360.3	−0.060%	$33K	—	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,360	−0.066%	$293.9M	$52.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,358.9	−0.091%	$14.7M	$57.2M	25x	as long as short
Phoenix GOLDlong	+0.0055%	1h	4,362.9	long leg	$48K	$64K	25x
Lighter XAU	+0.0072%	1h	4,362.3	−0.014%	$20.6M	$43.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0079%	8h	4,363.2	+0.007%	$19K	$5K	5x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,362.6	−0.007%	$162K	$87	10x	as long as short
Bybit XAUUSDT	+0.0089%	4h	4,363.7	+0.018%	$82.9M	$143.5M	150x	as long as short
Lighter RH XAU	+0.0096%	1h	4,364.6	+0.039%	$20.2M	$41.0M	25x	as long as short
Coinbase International GOLD-PERP-INTXshort	+0.0096%	1h	4,360.1	−0.064%	$2.0M	$5.1M	25x
Pacifica XAU	+0.0100%	1h	4,360.6	−0.053%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,360.4	−0.056%	$277K	$204K	50x	as long as short
Extended XAU-USD	+0.0128%	1h	4,358.9	−0.092%	$13.5M	$44.0M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0129%	1h	4,363	+0.002%	$4.3M	$1.8M	20x	as long as short
GRVT XAU_USDT_Perp	+0.0154%	4h	4,365.2	+0.053%	$1.4M	$3.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0192%	8h	4,364.6	+0.039%	$165.6M	$286.3M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0209%	1h	4,361.5	−0.032%	$235K	$656K	25x	as long as short
Bullet GOLD-USD	+0.0213%	1h	4,363.5	+0.014%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,360.6	−0.052%	$595K	$150K	25x	as long as short
Bluefin GOLD-PERP	+0.0284%	1h	4,357	−0.135%	$26K	$22K	20x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,363.4	+0.011%	$252K	—	111x	as long as short
Phemex XAUUSDT	+0.0541%	4h	4,367	+0.095%	$2.2M	$1.1M	100x	as long as short
HTX XAU-USDT	+0.0639%	4h	4,368.8	+0.136%	$2.9M	$3.9M	75x	as long as short