XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.90 per $10,000 · paid last 24h +0.015%

Price spread now: Gate against SunX−0.040%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$720.720% of the position

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 4 days (all we have)−0.133%−$13 · spread now −0.040%, 7d avg −0.069%

Together, before fees−0.074%−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Gate is 0.029% dearer against SunX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XAU-USDT	4,317.1	0	get 0.0000% / 4h	3h 50m	$92K	$6.9M	20x
Short	Gate XAU_USDT	4,315.4	0.0180	get 0.0090% / 4h	3h 50m	$295.3M	$420.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against SunX. 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 SunXbpFee GatebpOrdersPrice spread, now −0.040%Rate

Funding earned: $37.8
Price spread: −0.040% → −0.069%: $2.87
Slippage, 4 orders: −$49.02
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$31.35
Costs to cover: 0.720%
Break-even: 12.8 days

Slippage from SunX: live order book, 9 min ago; Gate: 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 SunX live order book, 9 min ago	23.43 bp	27.4 bp −$27	40.3 bp −$403	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	0.01 bp	7.7 bp −$8	8.6 bp −$86	12.7 bp −$1,273	14.4 bp −$7,202

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-PERP	−0.0024%	1h	4,308.4	−0.202%	$32K	—	25x	as long as short
SunX XAU-USDTlong	0.0000%	4h	4,317.1	long leg	$92K	$6.9M	20x
Phemex XAUUSDT	0.0000%	4h	4,317.2	+0.001%	$2.2M	$951K	100x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,310.6	−0.151%	$269K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.771%	$619	$54	52x	as long as short
Vest GC-PERP	+0.0046%	1h	4,345.2	+0.650%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,312.3	−0.112%	$6.6M	$3.2M	20x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,309.5	−0.177%	$291.4M	$54.4M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,309.2	−0.183%	$4.3M	$1.8M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,310.1	−0.162%	$15.0M	$55.9M	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	4,308.9	−0.190%	$2.0M	$5.1M	25x	as long as short
Paradex XAU-USD-PERP	+0.0062%	8h	4,313.4	−0.085%	$2K	$14K	5x	as long as short
Lighter RH XAU	+0.0064%	1h	4,314.8	−0.054%	$19.8M	$39.4M	25x	as long as short
Extended XAU-USD	+0.0064%	1h	4,309.5	−0.176%	$13.0M	$36.1M	25x	as long as short
Aster XAUUSD1	+0.0067%	4h	4,314.3	−0.065%	$73.3M	$272.1M	20x	as long as short
Lighter XAU	+0.0088%	1h	4,312.5	−0.107%	$20.3M	$28.5M	25x	as long as short
Phoenix GOLD	+0.0095%	1h	4,306.1	−0.255%	$42K	$86K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,310.5	−0.154%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,306.9	−0.236%	$270K	$214K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,308.5	−0.201%	$25K	$1K	20x	as long as short
Bybit XAUUSDT	+0.0104%	4h	4,314.5	−0.060%	$77.1M	$157.4M	150x	as long as short
Kalshi KXGOLDPERP	+0.0104%	24h	4,316.2	−0.021%	$3.7M	$46.2M	15x	as long as short
Variational Omni XAU	+0.0107%	4h	4,314.5	−0.060%	$46.7M	$29.3M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,312.8	−0.099%	$160K	$87	10x	as long as short
MEXC XAU_USDT	+0.0118%	4h	4,313.5	−0.085%	$359.7M	$333.2M	1000x	as long as short
Binance XAUUSDT	+0.0119%	4h	4,313.4	−0.086%	$437.7M	$2.21B	100x	as long as short
RISEx XAU/USDC	+0.0126%	1h	4,313.6	−0.082%	$4.4M	$13.1M	25x	as long as short
edgeX XAUUSDC	+0.0127%	4h	4,307.3	−0.226%	$30.0M	$61.4M	50x	as long as short
StandX XAU-USD	+0.0165%	1h	4,313.9	−0.075%	$3.8M	$4.5M	40x	as long as short
Gate XAU_USDTshort	+0.0180%	4h	4,315.4	−0.040%	$295.3M	$420.8M	100x
Deribit GOLD_USDC-PERPETUAL	+0.0191%	1h	4,312	−0.119%	$134K	$876K	25x	as long as short
Bitget XAUUSDT	+0.0196%	4h	4,313.4	−0.085%	$71.1M	$123.6M	100x	as long as short
Bullet GOLD-USD	+0.0217%	1h	4,313.7	−0.080%	$58K	$81K	10x	as long as short
GRVT XAU_USDT_Perp	+0.0218%	4h	4,310.8	−0.147%	$1.4M	$3.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0254%	8h	4,313.6	−0.082%	$170.4M	$326.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0328%	1h	4,310.9	−0.143%	$573K	$138K	25x	as long as short
BloFin XAU-USDT	+0.0431%	4h	4,312.8	−0.101%	$16.4M	$5.0M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0467% / S −0.0314%	1h	4,313.6	−0.081%	$255K	—	111x	as long as short
HTX XAU-USDT	+0.1247%	4h	4,321.2	+0.094%	$3.2M	$6.2M	75x	as long as short