XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0325%/8h= +35.5% APRnext payment +$1.62 per $10,000 · paid last 24h +0.151%

Price spread now: Phemex against SunX−0.037%7-day average −0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1241.241% of the position

Long on SunX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.427%+$43 on $10k

Price spread, last 3 days (all we have)−0.015%−$1 · spread now −0.037%, 7d avg −0.066%

Together, before fees+0.413%+$41 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Phemex is 0.028% dearer against SunX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XAU-USDT	4,357.1	0	get 0.0000% / 4h	1h 55m	$93K	$9.4M	20x
Short	Phemex XAUUSDT	4,355.4	0.0325	get 0.0162% / 4h	1h 55m	$2.2M	$1.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.037%Rate

Funding earned: $68.15
Price spread: −0.037% → −0.066%: $2.83
Slippage, 4 orders: −$104.07
Fee SunX: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$53.09
Costs to cover: 1.241%
Break-even: 12.5 days

Slippage from SunX: live order book, 4 min ago; Phemex: live order book, 3 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, 4 min ago	23.65 bp	27.6 bp −$28	40.6 bp −$406	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	0.86 bp	31.5 bp −$32	doesn't fit	doesn't fit	doesn't fit

XAU on 38 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	−0.0165%	1h	4,346.1	−0.251%	$25K	$14K	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,353.7	−0.077%	$262.1M	$404.6M	100x	as long as short
SunX XAU-USDTlong	0.0000%	4h	4,357.1	long leg	$93K	$9.4M	20x
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,348.4	−0.199%	$269K	—	250x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,352.3	−0.109%	$3.4M	$12.4M	25x	as long as short
Lighter XAU	+0.0032%	1h	4,351.7	−0.123%	$20.6M	$41.7M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,348.7	−0.192%	$13.5M	$41.1M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.152%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0036%	24h	4,351.1	−0.137%	$4.1M	$36.1M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,353.6	−0.079%	$3.8M	$4.6M	40x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,386	+0.664%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,352.3	−0.109%	$5.6M	$1.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,352.3	−0.109%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,349	−0.185%	$293.5M	$49.0M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,349.2	−0.180%	$15.1M	$57.9M	25x	as long as short
Aster XAUUSD1	+0.0058%	4h	4,353.1	−0.090%	$70.2M	$327.8M	20x	as long as short
Lighter RH XAU	+0.0064%	1h	4,353.8	−0.076%	$20.1M	$39.3M	25x	as long as short
Hotstuff GOLD-PERP	+0.0080%	1h	4,349.1	−0.183%	$33K	—	25x	as long as short
Paradex XAU-USD-PERP	+0.0085%	8h	4,352.6	−0.103%	$19K	$5K	5x	as long as short
Polymarket Perps GOLD-USD	+0.0091%	1h	4,351.6	−0.125%	$4.3M	$1.9M	20x	as long as short
Pacifica XAU	+0.0100%	1h	4,349.2	−0.180%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,351.3	−0.132%	$275K	$204K	50x	as long as short
Variational Omni XAU	+0.0107%	4h	4,352.3	−0.110%	$48.3M	$28.1M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,352.4	−0.106%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0118%	4h	4,352.5	−0.104%	$372.5M	$315.3M	1000x	as long as short
Binance XAUUSDT	+0.0120%	4h	4,352.4	−0.107%	$410.8M	$2.09B	100x	as long as short
edgeX XAUUSDC	+0.0120%	4h	4,348.3	−0.201%	$30.3M	$58.6M	50x	as long as short
Phoenix GOLD	+0.0121%	1h	4,351	−0.139%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0136%	4h	4,354	−0.069%	$1.4M	$3.0M	25x	as long as short
Bullet GOLD-USD	+0.0187%	1h	4,352.4	−0.106%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0201%	4h	4,352.8	−0.098%	$84.0M	$144.8M	150x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0210%	1h	4,351.1	−0.137%	$260K	$700K	25x	as long as short
Bitget XAUUSDT	+0.0210%	4h	4,352.9	−0.097%	$69.6M	$109.0M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0248%	8h	4,353.4	−0.084%	$164.6M	$281.6M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,349.8	−0.166%	$593K	$133K	25x	as long as short
Phemex XAUUSDTshort	+0.0325%	4h	4,355.4	−0.037%	$2.2M	$1.1M	100x
GMX GOLD/USD [ETH-USDC]	L +0.0397% / S −0.0205%	1h	4,352.4	−0.106%	$251K	—	111x	as long as short
HTX XAU-USDT	+0.0610%	4h	4,358.2	+0.025%	$2.9M	$4.2M	75x	as long as short