XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.05 per $10,000 · paid last 24h −0.003%

Price spread now: Hotstuff against StandX−0.118%7-day average — · you buy dearer than you sell

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

Long on StandX 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 airdropStandX: Active · Hotstuff: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Hotstuff is 0.118% cheaper against StandX than usual: you would sell low and buy high (−$12 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	StandX XAU-USD	4,336.1	0.0040	pay 0.0005% / 1h	33m 30s	$3.8M	$4.5M	40x
Short	Hotstuff GOLD-PERP	4,331	0	get 0.0000% / 1h	33m 30s	$32K	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against StandX. 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 StandXbpFee HotstuffbpOrdersPrice spread, now −0.118%Rate

Funding earned: −$8.4
Price spread: −0.118% → 0.000%: −$11.76
Slippage, 4 orders: no order book: not counted
Fee StandX: 4 bp × 2 orders: −$8
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$33.16
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: StandX: live order book, 1 min ago; 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 StandX live order book, 1 min ago	1.62 bp	5.6 bp −$6	6.0 bp −$60	9.3 bp −$926	11.5 bp −$5,730
Sell Hotstuff no order-book sample	—	—	—	—	—

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	4,331	−0.118%	$32K	—	25x
SunX XAU-USDT	0.0000%	4h	4,338.7	+0.060%	$92K	$8.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,324.5	−0.268%	$271K	—	250x	as long as short
Extended XAU-USD	+0.0032%	1h	4,330.2	−0.137%	$13.2M	$37.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.330%	$619	$54	52x	as long as short
StandX XAU-USDlong	+0.0040%	1h	4,336.1	long leg	$3.8M	$4.5M	40x
Bluefin GOLD-PERP	+0.0042%	1h	4,328.3	−0.180%	$25K	$14K	20x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,333.3	−0.065%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,363.4	+0.630%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,325.6	−0.242%	$292.1M	$50.3M	25x	as long as short

Show 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	4,330.2	−0.135%	$15.0M	$56.6M	25x	as long as short
RISEx XAU/USDC	+0.0054%	1h	4,334.4	−0.040%	$3.7M	$12.3M	25x	as long as short
Lighter XAU	+0.0056%	1h	4,332.8	−0.076%	$20.6M	$30.6M	25x	as long as short
Kalshi KXGOLDPERP	+0.0056%	24h	4,333.8	−0.053%	$4.2M	$39.8M	15x	as long as short
Gate XAU_USDT	+0.0062%	4h	4,336.2	+0.001%	$272.8M	$401.0M	100x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,330.8	−0.122%	$2.1M	$4.7M	25x	as long as short
Paradex XAU-USD-PERP	+0.0073%	8h	4,333.7	−0.056%	$19K	$5K	5x	as long as short
Bybit XAUUSDT	+0.0076%	4h	4,329.3	−0.156%	$79.2M	$154.0M	150x	as long as short
Lighter RH XAU	+0.0096%	1h	4,335.7	−0.009%	$20.0M	$38.4M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,330.9	−0.120%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,331.9	−0.097%	$276K	$204K	50x	as long as short
Variational Omni XAU	+0.0109%	4h	4,335.3	−0.019%	$48.3M	$27.5M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,334.3	−0.042%	$161K	$87	10x	as long as short
Aster XAUUSD1	+0.0112%	4h	4,330.7	−0.124%	$71.3M	$331.5M	20x	as long as short
MEXC XAU_USDT	+0.0120%	4h	4,329.1	−0.162%	$365.6M	$321.5M	1000x	as long as short
edgeX XAUUSDC	+0.0120%	4h	4,333.7	−0.055%	$30.1M	$58.5M	50x	as long as short
Binance XAUUSDT	+0.0122%	4h	4,328.7	−0.172%	$416.9M	$2.12B	100x	as long as short
Phoenix GOLD	+0.0127%	1h	4,333.4	−0.062%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0132%	4h	4,340	+0.089%	$1.4M	$2.9M	25x	as long as short
Bullet GOLD-USD	+0.0165%	1h	4,329.3	−0.157%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0171%	1h	4,328.9	−0.166%	$4.2M	$2.0M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0247%	1h	4,331.7	−0.102%	$590K	$129K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0258%	1h	4,332.8	−0.076%	$202K	$823K	25x	as long as short
HTX XAU-USDT	+0.0263%	4h	4,338	+0.044%	$2.8M	$4.8M	75x	as long as short
Bitget XAUUSDT	+0.0284%	4h	4,329.7	−0.148%	$71.6M	$110.2M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0339%	8h	4,329.9	−0.143%	$169.9M	$289.3M	100x	as long as short
Phemex XAUUSDT	+0.0367%	4h	4,338.7	+0.060%	$2.2M	$960K	100x	as long as short
BloFin XAU-USDT	+0.0375%	4h	4,337.4	+0.029%	$15.9M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0450% / S −0.0285%	1h	4,328.4	−0.177%	$249K	—	111x	as long as short