XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0031%/8h= −3.4% APRnext payment −$0.04 per $10,000 · paid last 24h +0.050%

Price spread now: Kraken Futures against RISEx−0.115%7-day average −0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$260.256% of the position

Long on RISEx Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.111%+$11 on $10k

Price spread, last 4 days (all we have)+0.052%+$5 · spread now −0.115%, 7d avg −0.078%

Together, before fees+0.163%+$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Kraken Futures is 0.037% cheaper against RISEx than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.078%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.111%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XAU/USDC	4,323.4	0.0184	pay 0.0023% / 1h	39m 25s	$4.2M	$12.8M	25x
Short	Kraken Futures PF_XAUUSD	4,318.4	0.0154	get 0.0019% / 1h	39m 25s	$584K	$134K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against RISEx. 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 RISExbpFee Kraken FuturesbpOrdersPrice spread, now −0.115%Rate

Funding earned: −$6.46
Price spread: −0.115% → −0.078%: −$3.68
Slippage, 4 orders: −$9.58
Fee RISEx: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$35.73
Costs to cover: 0.256%
Break-even: never at this rate

Slippage from RISEx: live order book, 5 min ago; Kraken Futures: live order book, 4 min ago.

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 RISEx live order book, 5 min ago	0.01 bp	3.4 bp −$3	4.5 bp −$45	33.3 bp −$3,331	doesn't fit
Sell Kraken Futures live order book, 4 min ago	3.15 bp	11.0 bp −$11	20.3 bp −$203	doesn't fit	doesn't fit

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	−0.0097%	1h	4,315.9	−0.174%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,324.9	+0.034%	$92K	$7.9M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,317.2	−0.143%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0005%	4h	4,321.8	−0.037%	$77.3M	$155.8M	150x	as long as short
Hotstuff GOLD-PERP	+0.0008%	1h	4,319.6	−0.088%	$32K	—	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,317.3	−0.142%	$13.1M	$36.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.625%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,324.9	+0.034%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,320.2	−0.074%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,353.9	+0.705%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	4,317.9	−0.127%	$291.4M	$51.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,316.5	−0.159%	$15.0M	$55.6M	25x	as long as short
Lighter XAU	+0.0056%	1h	4,320.4	−0.070%	$20.3M	$30.4M	25x	as long as short
Aster XAUUSD1	+0.0072%	4h	4,322.7	−0.017%	$72.4M	$298.7M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,318.8	−0.107%	$2.1M	$4.9M	25x	as long as short
Kalshi KXGOLDPERP	+0.0072%	24h	4,324.5	+0.025%	$3.8M	$43.4M	15x	as long as short
Paradex XAU-USD-PERP	+0.0073%	8h	4,320.6	−0.065%	$2K	$13K	5x	as long as short
GRVT XAU_USDT_Perp	+0.0080%	4h	4,322.9	−0.011%	$1.4M	$3.0M	25x	as long as short
Gate XAU_USDT	+0.0086%	4h	4,323	−0.010%	$281.8M	$413.7M	100x	as long as short
Variational Omni XAU	+0.0093%	4h	4,322.9	−0.012%	$47.4M	$29.0M	—	as long as short
Lighter RH XAU	+0.0096%	1h	4,322.7	−0.018%	$19.8M	$38.5M	25x	as long as short
Binance XAUUSDT	+0.0098%	4h	4,321.1	−0.054%	$415.4M	$2.14B	100x	as long as short
MEXC XAU_USDT	+0.0098%	4h	4,321	−0.056%	$363.8M	$329.0M	1000x	as long as short
Phoenix GOLD	+0.0100%	1h	4,321	−0.056%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,317.5	−0.136%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,319.9	−0.080%	$272K	$208K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,320.4	−0.069%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0119%	4h	4,319.5	−0.090%	$30.0M	$61.0M	50x	as long as short
Kraken Futures PF_XAUUSDshort	+0.0154%	1h	4,318.4	−0.115%	$584K	$134K	25x
Bullet GOLD-USD	+0.0178%	1h	4,321.1	−0.054%	$59K	$82K	10x	as long as short
RISEx XAU/USDClong	+0.0184%	1h	4,323.4	long leg	$4.2M	$12.8M	25x
Polymarket Perps GOLD-USD	+0.0207%	1h	4,321.2	−0.051%	$4.3M	$1.9M	20x	as long as short
HTX XAU-USDT	+0.0221%	4h	4,326.6	+0.074%	$2.8M	$4.9M	75x	as long as short
Bitget XAUUSDT	+0.0230%	4h	4,321.2	−0.050%	$67.9M	$118.9M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0236%	1h	4,320.4	−0.070%	$192K	$832K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0311%	8h	4,322.3	−0.026%	$170.5M	$297.2M	100x	as long as short
BloFin XAU-USDT	+0.0339%	4h	4,323.3	−0.003%	$16.1M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0372%	4h	4,325.8	+0.056%	$2.2M	$967K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0463% / S −0.0307%	1h	4,322.8	−0.014%	$252K	—	111x	as long as short