XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0095%/8h= −10.4% APRnext payment −$0.12 per $10,000 · paid last 24h −0.014%

Price spread now: Hotstuff against Phoenix−0.042%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 Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Hotstuff is 0.042% cheaper against Phoenix than usual: you would sell low and buy high (−$4 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	4,311.6	0.0095	pay 0.0012% / 1h	47m 04s	$42K	$86K	25x
Short	Hotstuff GOLD-PERP	4,309.8	0	get 0.0000% / 1h	47m 04s	$32K	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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 HotstuffbpOrdersPrice spread, now −0.042%Rate

Funding earned: −$19.92
Price spread: −0.042% → 0.000%: −$4.17
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$36.09
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Hotstuff: 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 Hotstuff no order-book sample	—	—	—	—	—

Phoenix and Hotstuff: 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
Hotstuff GOLD-PERPshort	0.0000%	1h	4,309.8	−0.042%	$32K	—	25x
SunX XAU-USDT	0.0000%	4h	4,317.9	+0.146%	$92K	$6.9M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,310.3	−0.031%	$269K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.900%	$619	$54	52x	as long as short
Vest GC-PERP	+0.0046%	1h	4,346	+0.798%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,312.3	+0.016%	$6.6M	$3.2M	20x	as long as short
Extended XAU-USD	+0.0048%	1h	4,310.3	−0.031%	$13.0M	$36.1M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,310.1	−0.035%	$291.4M	$54.4M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,310.6	−0.023%	$4.3M	$1.8M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,311.1	−0.011%	$15.0M	$55.8M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,309.8	−0.042%	$2.0M	$5.1M	25x	as long as short
Paradex XAU-USD-PERP	+0.0062%	8h	4,313.5	+0.045%	$2K	$13K	5x	as long as short
Aster XAUUSD1	+0.0067%	4h	4,314.7	+0.073%	$73.3M	$271.9M	20x	as long as short
Lighter RH XAU	+0.0072%	1h	4,315.3	+0.087%	$19.8M	$39.5M	25x	as long as short
Lighter XAU	+0.0080%	1h	4,312.9	+0.030%	$20.3M	$28.6M	25x	as long as short
Phoenix GOLDlong	+0.0095%	1h	4,311.6	long leg	$42K	$86K	25x
Pacifica XAU	+0.0100%	1h	4,309.8	−0.041%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,310.9	−0.016%	$273K	$216K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,308.5	−0.073%	$25K	$1K	20x	as long as short
Bybit XAUUSDT	+0.0100%	4h	4,314.5	+0.067%	$77.2M	$157.4M	150x	as long as short
Kalshi KXGOLDPERP	+0.0106%	24h	4,316.1	+0.104%	$3.7M	$46.2M	15x	as long as short
Variational Omni XAU	+0.0107%	4h	4,314.5	+0.068%	$46.7M	$29.3M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,313.3	+0.039%	$160K	$87	10x	as long as short
Binance XAUUSDT	+0.0118%	4h	4,313.7	+0.049%	$437.7M	$2.21B	100x	as long as short
MEXC XAU_USDT	+0.0118%	4h	4,313.7	+0.049%	$358.2M	$333.9M	1000x	as long as short
edgeX XAUUSDC	+0.0124%	4h	4,311.6	+0.001%	$30.0M	$61.7M	50x	as long as short
RISEx XAU/USDC	+0.0126%	1h	4,313.8	+0.051%	$4.4M	$13.1M	25x	as long as short
StandX XAU-USD	+0.0151%	1h	4,313.9	+0.053%	$3.8M	$4.5M	40x	as long as short
Gate XAU_USDT	+0.0162%	4h	4,315.5	+0.091%	$294.9M	$422.5M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0168%	1h	4,312.7	+0.026%	$134K	$878K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0178%	4h	4,314.5	+0.067%	$1.4M	$3.1M	25x	as long as short
Bitget XAUUSDT	+0.0196%	4h	4,313.4	+0.041%	$70.3M	$123.9M	100x	as long as short
Phemex XAUUSDT	+0.0197%	4h	4,317.2	+0.130%	$2.2M	$951K	100x	as long as short
Bullet GOLD-USD	+0.0211%	1h	4,314.5	+0.066%	$58K	$81K	10x	as long as short
OKX XAU-USDT-SWAP	+0.0253%	8h	4,314.4	+0.065%	$170.3M	$327.2M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0328%	1h	4,311.3	−0.008%	$573K	$138K	25x	as long as short
BloFin XAU-USDT	+0.0398%	4h	4,314	+0.056%	$16.4M	$5.0M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0467% / S −0.0314%	1h	4,313.8	+0.051%	$255K	—	111x	as long as short
HTX XAU-USDT	+0.1261%	4h	4,321.7	+0.234%	$3.2M	$6.2M	75x	as long as short