XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0095%/8h= +10.4% APRnext payment +$0.12 per $10,000 · paid last 24h +0.019%

Price spread now: GMX against Phoenix+0.032%65s7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on GMX

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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and GMX is 0.032% dearer against Phoenix than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 65 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	4,347.9	0.0142	pay 0.0018% / 1h	17m 43s	$47K	$77K	25x
Short	GMX GOLD/USD [ETH-USDC]	4,349.3	L +0.0417% / S −0.0236%	get 0.0030% / 1h	17m 43s	$248K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.032%Rate

Funding earned: $19.88
Price spread: +0.032% → 0.000%: $3.19
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: $4.06
Costs to cover: 0.190%
Break-even: 5.6 days

Slippage unknown: Phoenix: no order-book sample; GMX: 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 Phoenix no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Phoenix and GMX: 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
RISEx XAU/USDC	0.0000%	1h	4,349.3	+0.032%	$3.4M	$12.2M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,350.5	+0.059%	$265.1M	$415.9M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,353.4	+0.127%	$93K	$8.9M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,345.1	−0.064%	$272K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0008%	1h	4,347.9	0.000%	$33K	—	25x	as long as short
Lighter XAU	+0.0032%	1h	4,348.1	+0.004%	$20.8M	$38.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,345	−0.067%	$13.2M	$38.4M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.058%	$619	$54	52x	as long as short
Lighter RH XAU	+0.0040%	1h	4,350.3	+0.055%	$20.1M	$39.3M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,350.7	+0.064%	$3.8M	$4.5M	40x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USD	+0.0041%	1h	4,348.4	+0.011%	$5.7M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,382.9	+0.805%	—	$1.0M	25x	as long as short
Kalshi KXGOLDPERP	+0.0047%	24h	4,348.1	+0.005%	$4.2M	$37.3M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,346.5	−0.032%	$2.0M	$4.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,346.8	−0.025%	$293.9M	$48.8M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,345.7	−0.050%	$15.1M	$56.8M	25x	as long as short
Aster XAUUSD1	+0.0060%	4h	4,350.2	+0.052%	$71.2M	$333.1M	20x	as long as short
Variational Omni XAU	+0.0077%	4h	4,349.2	+0.031%	$48.5M	$28.0M	—	as long as short
Paradex XAU-USD-PERP	+0.0080%	8h	4,349	+0.026%	$19K	$5K	5x	as long as short
GRVT XAU_USDT_Perp	+0.0088%	4h	4,350.6	+0.063%	$1.4M	$2.9M	25x	as long as short
Binance XAUUSDT	+0.0089%	4h	4,349.4	+0.035%	$413.4M	$2.10B	100x	as long as short
MEXC XAU_USDT	+0.0090%	4h	4,349.7	+0.041%	$372.1M	$318.7M	1000x	as long as short
Pacifica XAU	+0.0100%	1h	4,346	−0.044%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,346.5	−0.033%	$275K	$203K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,344.3	−0.082%	$25K	$14K	20x	as long as short
edgeX XAUUSDC	+0.0101%	4h	4,346.3	−0.036%	$30.2M	$58.1M	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,348.8	+0.020%	$161K	$87	10x	as long as short
Phoenix GOLDlong	+0.0142%	1h	4,347.9	long leg	$47K	$77K	25x
Polymarket Perps GOLD-USD	+0.0157%	1h	4,349	+0.025%	$4.3M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0186%	1h	4,349.3	+0.032%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0194%	1h	4,346.3	−0.038%	$593K	$132K	25x	as long as short
Phemex XAUUSDT	+0.0215%	4h	4,352.2	+0.098%	$2.2M	$967K	100x	as long as short
Bitget XAUUSDT	+0.0232%	4h	4,350	+0.047%	$70.0M	$109.3M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0233%	1h	4,347.7	−0.005%	$206K	$823K	25x	as long as short
Bybit XAUUSDT	+0.0240%	4h	4,351.1	+0.074%	$85.3M	$145.1M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0294%	8h	4,350.7	+0.064%	$165.5M	$282.5M	100x	as long as short
BloFin XAU-USDT	+0.0331%	4h	4,351.1	+0.073%	$15.6M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]short	L +0.0417% / S −0.0236%	1h	4,349.3	+0.032%	$248K	—	111x
HTX XAU-USDT	+0.0623%	4h	4,354.6	+0.153%	$2.9M	$4.3M	75x	as long as short