Funding you earn now, next payment 06:00 UTC+0.0216%/8h= +23.7% APRpaid last 24h +0.029%
Price spread now: OKX against Phoenix+0.058%86s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.070%−$7 on $10k
+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 +$6 a day on $10k at the current rate, and OKX is 0.058% dearer against Phoenix than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.070%, so the current rate has only just turned in your favour. The two prices were read 86 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.070% in total (about -3.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix GOLD | 4,320.2 | 0.0100 | pay 0.0012% / 1h | 50m 02s | $47K | $79K | 25x |
| Short | OKX XAU-USDT-SWAP | 4,322.7 | 0.0316 | get 0.0316% / 8h | 1h 50m | $170.2M | $296.5M | 100x |
Phoenix GOLD
OKX XAU-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $45.42
- Price spread: +0.058% → 0.000%
- $5.79
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $34.2
- Costs to cover
- 0.170%
- Break-even
- 1.7 days
Slippage unknown: Phoenix: no order-book sample; OKX: live order book, 4 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 OKX live order book, 4 min ago | 0.12 bp | 5.1 bp −$5 | 5.1 bp −$51 | 7.1 bp −$712 | 12.3 bp −$6,157 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin GOLD-PERP | −0.0050% | 1h | 4,314.5 | −0.132% | $25K | $14K | 20x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,325.2 | +0.115% | $92K | $8.0M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,317.2 | −0.069% | $270K | — | 250x | as long as short |
| Bybit XAUUSDT | +0.0008% | 4h | 4,323.1 | +0.066% | $77.4M | $157.4M | 150x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,317.4 | −0.064% | $13.2M | $36.7M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.700% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,322.3 | +0.049% | $3.8M | $4.5M | 40x | as long as short |
| QFEX GOLD-USD | +0.0042% | 1h | 4,319.4 | −0.019% | $5.4M | $2.1M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,353.7 | +0.775% | — | $1.0M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,318.2 | −0.046% | $291.4M | $51.7M | 25x | as long as short |
Bluefin GOLD-PERP
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Bybit XAUUSDT
Extended XAU-USD
Injective XAU/USDC PERP
StandX XAU-USD
QFEX GOLD-USD
Vest GC-PERP
tradeXYZ xyz:GOLDShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,317 | −0.075% | $15.0M | $55.8M | 25x | as long as short |
| Lighter XAU | +0.0056% | 1h | 4,320.6 | +0.009% | $20.3M | $30.2M | 25x | as long as short |
| Hotstuff GOLD-PERP | +0.0064% | 1h | 4,319.8 | −0.009% | $32K | — | 25x | as long as short |
| Kalshi KXGOLDPERP | +0.0069% | 24h | 4,322.6 | +0.056% | $3.9M | $43.0M | 15x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0072% | 1h | 4,317.9 | −0.053% | $2.1M | $4.9M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0073% | 8h | 4,320.9 | +0.015% | $19K | $5K | 5x | as long as short |
| GRVT XAU_USDT_Perp | +0.0080% | 4h | 4,323.7 | +0.082% | $1.4M | $3.0M | 25x | as long as short |
| Aster XAUUSD1 | +0.0080% | 4h | 4,323.2 | +0.070% | $72.4M | $312.4M | 20x | as long as short |
| Gate XAU_USDT | +0.0082% | 4h | 4,323.7 | +0.081% | $277.1M | $408.4M | 100x | as long as short |
| Variational Omni XAU | +0.0093% | 4h | 4,320.2 | +0.001% | $47.3M | $29.3M | — | as long as short |
| MEXC XAU_USDT | +0.0098% | 4h | 4,321.3 | +0.026% | $360.6M | $325.7M | 1000x | as long as short |
| Phoenix GOLDlong | +0.0100% | 1h | 4,320.2 | long leg | $47K | $79K | 25x | |
| Pacifica XAU | +0.0100% | 1h | 4,317.3 | −0.067% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,319.8 | −0.009% | $272K | $208K | 50x | as long as short |
| Binance XAUUSDT | +0.0101% | 4h | 4,322 | +0.042% | $415.1M | $2.13B | 100x | as long as short |
| Lighter RH XAU | +0.0104% | 1h | 4,322.8 | +0.061% | $19.8M | $38.3M | 25x | as long as short |
| Aevo XAU-PERP | +0.0104% | 1h | 4,320.8 | +0.014% | $160K | $87 | 10x | as long as short |
| edgeX XAUUSDC | +0.0105% | 4h | 4,319.3 | −0.021% | $30.1M | $60.8M | 50x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0154% | 1h | 4,318.5 | −0.039% | $588K | $131K | 25x | as long as short |
| RISEx XAU/USDC | +0.0184% | 1h | 4,322.6 | +0.057% | $4.2M | $12.8M | 25x | as long as short |
| Bullet GOLD-USD | +0.0201% | 1h | 4,321.6 | +0.032% | $59K | $81K | 10x | as long as short |
| HTX XAU-USDT | +0.0215% | 4h | 4,325.4 | +0.121% | $2.8M | $5.0M | 75x | as long as short |
| Polymarket Perps GOLD-USD | +0.0218% | 1h | 4,321.6 | +0.032% | $4.2M | $1.9M | 20x | as long as short |
| Bitget XAUUSDT | +0.0236% | 4h | 4,321.7 | +0.035% | $67.9M | $119.2M | 100x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0283% | 1h | 4,320.3 | +0.002% | $193K | $830K | 25x | as long as short |
| OKX XAU-USDT-SWAPshort | +0.0316% | 8h | 4,322.7 | +0.058% | $170.2M | $296.5M | 100x | |
| BloFin XAU-USDT | +0.0340% | 4h | 4,322.3 | +0.048% | $16.1M | $4.4M | 100x | as long as short |
| Phemex XAUUSDT | +0.0409% | 4h | 4,324.3 | +0.096% | $2.2M | $962K | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0463% / S −0.0307% | 1h | 4,321.4 | +0.029% | $252K | — | 111x | as long as short |
Ondo Perps XAU-USD.P
Lighter XAU
Hotstuff GOLD-PERP
Kalshi KXGOLDPERP
Coinbase International GOLD-PERP-INTX
Paradex XAU-USD-PERP
GRVT XAU_USDT_Perp
Aster XAUUSD1
Gate XAU_USDT
Variational Omni XAU
MEXC XAU_USDT
Pacifica XAU
ApeX Omni XAUUSDT
Binance XAUUSDT
Lighter RH XAU
Aevo XAU-PERP
edgeX XAUUSDC
Kraken Futures PF_XAUUSD
RISEx XAU/USDC
Bullet GOLD-USD
HTX XAU-USDT
Polymarket Perps GOLD-USD
Bitget XAUUSDT
Deribit GOLD_USDC-PERPETUAL
BloFin XAU-USDT
Phemex XAUUSDT
GMX GOLD/USD [ETH-USDC]