XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.06 per $10,000 · paid last 24h −0.036%

Price spread now: gTrade (Gains Network) against Phoenix−0.031%7-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 gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and gTrade (Gains Network) is 0.031% cheaper against Phoenix than usual: you would sell low and buy high (−$3 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	Phoenix GOLD	4,359.6	0.0055	pay 0.0007% / 1h	5m 07s	$48K	$64K	25x
Short	gTrade (Gains Network) XAU/USD	4,358.3	L +0.0002% / S −0.0003%	get 0.0000% / 1h	5m 07s	$269K	—	250x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Phoenix. 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 PhoenixbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.031%Rate

Funding earned: −$10.87
Price spread: −0.031% → 0.000%: −$3.1
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Net: −$27.96
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 34 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 gTrade (Gains Network) virtual book (oracle venue), 34 min ago	130.01 bp	133.5 bp −$134	243.0 bp −$2,430	1975.4 bp −$197.5K	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	4,363.5	+0.090%	$70.3M	$217.1M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,363.3	+0.085%	$265.1M	$422.6M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,360.1	+0.011%	$4.0M	$36.7M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,367.5	+0.180%	$93K	$10.1M	20x	as long as short
gTrade (Gains Network) XAU/USDshort	L +0.0002% / S −0.0003%	1h	4,358.3	−0.031%	$269K	—	250x
Variational Omni XAU	+0.0029%	4h	4,362.2	+0.059%	$48.4M	$28.5M	—	as long as short
Extended XAU-USD	+0.0032%	1h	4,358.4	−0.027%	$13.5M	$43.6M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.211%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,362.6	+0.069%	$3.8M	$4.7M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,362.7	+0.071%	$5.6M	$1.9M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,396	+0.835%	—	$1.0M	25x	as long as short
MEXC XAU_USDT	+0.0046%	4h	4,362.5	+0.066%	$372.9M	$331.1M	1000x	as long as short
RISEx XAU/USDC	+0.0048%	1h	4,363	+0.078%	$3.4M	$12.4M	25x	as long as short
Binance XAUUSDT	+0.0048%	4h	4,362.5	+0.066%	$411.6M	$2.15B	100x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,359	−0.014%	$294.0M	$51.6M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,358.5	−0.026%	$14.8M	$57.3M	25x	as long as short
Phoenix GOLDlong	+0.0055%	1h	4,359.6	long leg	$48K	$64K	25x
edgeX XAUUSDC	+0.0062%	4h	4,356	−0.083%	$30.3M	$60.4M	50x	as long as short
Lighter XAU	+0.0072%	1h	4,361.4	+0.041%	$20.6M	$44.5M	25x	as long as short
Paradex XAU-USD-PERP	+0.0085%	8h	4,362.6	+0.069%	$19K	$5K	5x	as long as short
Lighter RH XAU	+0.0096%	1h	4,363.8	+0.096%	$20.2M	$41.4M	25x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,361.7	+0.048%	$162K	$87	10x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,358.8	−0.018%	$2.0M	$5.1M	25x	as long as short
Bitget XAUUSDT	+0.0098%	4h	4,362.8	+0.072%	$69.0M	$112.3M	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,359.6	0.000%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,357.9	−0.039%	$275K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,355	−0.105%	$26K	$22K	20x	as long as short
Hotstuff GOLD-PERP	+0.0104%	1h	4,359	−0.014%	$33K	—	25x	as long as short
Polymarket Perps GOLD-USD	+0.0119%	1h	4,361.4	+0.041%	$4.3M	$1.8M	20x	as long as short
GRVT XAU_USDT_Perp	+0.0136%	4h	4,361.6	+0.046%	$1.4M	$3.1M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0163%	1h	4,360.6	+0.023%	$235K	$658K	25x	as long as short
BloFin XAU-USDT	+0.0193%	4h	4,362.7	+0.072%	$15.4M	$4.6M	100x	as long as short
Bybit XAUUSDT	+0.0195%	4h	4,363.4	+0.086%	$83.9M	$145.0M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0212%	8h	4,363.6	+0.092%	$164.2M	$288.9M	100x	as long as short
Bullet GOLD-USD	+0.0213%	1h	4,362.6	+0.069%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,359.7	+0.001%	$595K	$141K	25x	as long as short
Phemex XAUUSDT	+0.0283%	4h	4,363.8	+0.096%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0393% / S −0.0199%	1h	4,362.6	+0.069%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.0555%	4h	4,366.8	+0.164%	$2.9M	$3.9M	75x	as long as short