Funding you earn now, next payment 08:00 UTC−0.0055%/8h= −6.0% APRnext payment −$0.07 per $10,000 · paid last 24h −0.013%
Price spread now: StandX against Phoenix−0.042%57s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.106%−$11 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and StandX 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. The two prices were read 57 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 | 4,306.2 | 0.0095 | pay 0.0012% / 1h | 27m 53s | $42K | $86K | 25x |
| Short | StandX XAU-USD | 4,304.4 | 0.0040 | get 0.0005% / 1h | 27m 53s | $3.8M | $4.5M | 40x |
Phoenix GOLD
StandX XAU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
StandX 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
- −$11.52
- Price spread: −0.042% → 0.000%
- −$4.18
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee StandX: 4 bp × 2 orders
- −$8
- Net
- −$30.7
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; StandX: live order book, 1 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 StandX live order book, 1 min ago | 0.12 bp | 7.0 bp −$7 | 9.1 bp −$91 | 10.2 bp −$1,015 | 11.6 bp −$5,797 |
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 | |
|---|---|---|---|---|---|---|---|---|
| SunX XAU-USDT | 0.0000% | 4h | 4,303.2 | −0.069% | $91K | $6.7M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,295.1 | −0.258% | $272K | — | 250x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +1.027% | $619 | $54 | 52x | as long as short |
| StandX XAU-USDshort | +0.0040% | 1h | 4,304.4 | −0.042% | $3.8M | $4.5M | 40x | |
| Vest GC-PERP | +0.0046% | 1h | 4,332.5 | +0.611% | — | $1.0M | 25x | as long as short |
| QFEX GOLD-USD | +0.0046% | 1h | 4,299.3 | −0.160% | $6.6M | $3.1M | 20x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,296.2 | −0.232% | $290.3M | $54.7M | 25x | as long as short |
| Polymarket Perps GOLD-USD | +0.0050% | 1h | 4,295.8 | −0.242% | $4.3M | $1.8M | 20x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,295.5 | −0.249% | $15.0M | $55.8M | 25x | as long as short |
| Aster XAUUSD1 | +0.0055% | 4h | 4,300.3 | −0.136% | $73.3M | $271.4M | 20x | as long as short |
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Injective XAU/USDC PERP
Vest GC-PERP
QFEX GOLD-USD
tradeXYZ xyz:GOLD
Polymarket Perps GOLD-USD
Ondo Perps XAU-USD.P
Aster XAUUSD1Show 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 | 4,295.9 | −0.239% | $2.0M | $5.1M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0061% | 8h | 4,301.6 | −0.108% | $2K | $13K | 5x | as long as short |
| Hotstuff GOLD-PERP | +0.0072% | 1h | 4,300 | −0.144% | $32K | — | 25x | as long as short |
| Lighter XAU | +0.0080% | 1h | 4,298.1 | −0.189% | $20.2M | $29.2M | 25x | as long as short |
| Extended XAU-USD | +0.0080% | 1h | 4,295.9 | −0.239% | $13.0M | $36.3M | 25x | as long as short |
| Variational Omni XAU | +0.0092% | 4h | 4,306.3 | +0.003% | $46.7M | $29.2M | — | as long as short |
| Phoenix GOLDlong | +0.0095% | 1h | 4,306.2 | long leg | $42K | $86K | 25x | |
| Bybit XAUUSDT | +0.0097% | 4h | 4,300.1 | −0.141% | $77.6M | $159.1M | 150x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,297.6 | −0.200% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,303.5 | −0.064% | $275K | $218K | 50x | as long as short |
| MEXC XAU_USDT | +0.0108% | 4h | 4,299.8 | −0.150% | $362.5M | $342.3M | 1000x | as long as short |
| Binance XAUUSDT | +0.0109% | 4h | 4,299.1 | −0.164% | $434.7M | $2.24B | 100x | as long as short |
| Kalshi KXGOLDPERP | +0.0111% | 24h | 4,301 | −0.121% | $3.6M | $46.8M | 15x | as long as short |
| Lighter RH XAU | +0.0112% | 1h | 4,301 | −0.121% | $19.7M | $40.3M | 25x | as long as short |
| Aevo XAU-PERP | +0.0112% | 1h | 4,299.7 | −0.152% | $159K | $87 | 10x | as long as short |
| edgeX XAUUSDC | +0.0121% | 4h | 4,304 | −0.051% | $30.0M | $62.0M | 50x | as long as short |
| RISEx XAU/USDC | +0.0126% | 1h | 4,299.6 | −0.152% | $4.4M | $13.1M | 25x | as long as short |
| GRVT XAU_USDT_Perp | +0.0132% | 4h | 4,306 | −0.006% | $1.4M | $3.1M | 25x | as long as short |
| Gate XAU_USDT | +0.0152% | 4h | 4,301.6 | −0.107% | $297.8M | $431.3M | 100x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0192% | 1h | 4,298 | −0.190% | $133K | $851K | 25x | as long as short |
| Bitget XAUUSDT | +0.0196% | 4h | 4,299.9 | −0.146% | $70.3M | $126.4M | 100x | as long as short |
| Bullet GOLD-USD | +0.0198% | 1h | 4,299.4 | −0.158% | $58K | $81K | 10x | as long as short |
| OKX XAU-USDT-SWAP | +0.0250% | 8h | 4,300.5 | −0.132% | $170.1M | $335.6M | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0329% | 1h | 4,296.1 | −0.233% | $572K | $139K | 25x | as long as short |
| BloFin XAU-USDT | +0.0391% | 4h | 4,305.5 | −0.015% | $16.3M | $5.0M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0465% / S −0.0313% | 1h | 4,299.1 | −0.164% | $254K | — | 111x | as long as short |
| Phemex XAUUSDT | +0.0656% | 4h | 4,303.6 | −0.061% | $2.2M | $956K | 100x | as long as short |
| HTX XAU-USDT | +0.1140% | 4h | 4,305.8 | −0.010% | $3.2M | $6.8M | 75x | as long as short |
| Bluefin GOLD-PERP | +0.3247% | 1h | 4,293.8 | −0.288% | $25K | $1K | 20x | as long as short |
Coinbase International GOLD-PERP-INTX
Paradex XAU-USD-PERP
Hotstuff GOLD-PERP
Lighter XAU
Extended XAU-USD
Variational Omni XAU
Bybit XAUUSDT
Pacifica XAU
ApeX Omni XAUUSDT
MEXC XAU_USDT
Binance XAUUSDT
Kalshi KXGOLDPERP
Lighter RH XAU
Aevo XAU-PERP
edgeX XAUUSDC
RISEx XAU/USDC
GRVT XAU_USDT_Perp
Gate XAU_USDT
Deribit GOLD_USDC-PERPETUAL
Bitget XAUUSDT
Bullet GOLD-USD
OKX XAU-USDT-SWAP
Kraken Futures PF_XAUUSD
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]
Phemex XAUUSDT
HTX XAU-USDT
Bluefin GOLD-PERP