XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0022%/8h= +2.4% APRnext payment +$0.03 per $10,000 · paid last 24h +0.011%

Price spread now: Coinbase International against tradeXYZ−0.089%7-day average −0.012% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$320.317% of the position

Long on tradeXYZ Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.389%+$39 on $10k

Price spread, last 3 days (all we have)+0.089%+$9 · spread now −0.089%, 7d avg −0.012%

Together, before fees+0.477%+ Points / potential airdroptradeXYZ: Active · farm board+$48 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.078% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.089% now, against its 7-day average of −0.012%). If the spread goes back, that is −$8 on $10k: about 12 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.389% in total) that is about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:GOLD	4,358.8	0.0050	pay 0.0006% / 1h	34m 07s	$294.3M	$48.5M	25x
Short	Coinbase International GOLD-PERP-INTX	4,354.9	0.0072	get 0.0009% / 1h	34m 07s	$2.0M	$5.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against tradeXYZ. 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 tradeXYZbpFee Coinbase InternationalbpOrdersPrice spread, now −0.089%Rate

Funding earned: $4.62
Price spread: −0.089% → −0.012%: −$7.78
Slippage, 4 orders: −$3.74
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$34.9
Costs to cover: 0.317%
Break-even: 59.9 days

Slippage from tradeXYZ: live order book, 5 min ago; Coinbase International: live order book, 5 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 tradeXYZ live order book, 5 min ago	0.34 bp	9.3 bp −$9	9.7 bp −$97	12.1 bp −$1,205	doesn't fit
Sell Coinbase International live order book, 5 min ago	0.12 bp	5.1 bp −$5	6.9 bp −$69	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
Hotstuff GOLD-PERP	0.0000%	1h	4,357	−0.041%	$33K	—	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,363.7	+0.113%	$263.0M	$409.0M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,358.1	−0.016%	$4.1M	$36.3M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,363.9	+0.117%	$93K	$9.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,357.8	−0.024%	$270K	—	250x	as long as short
Aster XAUUSD1	+0.0004%	4h	4,361.5	+0.061%	$70.2M	$293.3M	20x	as long as short
Extended XAU-USD	+0.0032%	1h	4,357.4	−0.032%	$13.6M	$42.9M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.192%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,360.5	+0.039%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,394.1	+0.810%	—	$1.0M	25x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XAU	+0.0048%	1h	4,360.7	+0.043%	$20.7M	$43.5M	25x	as long as short
Lighter RH XAU	+0.0048%	1h	4,363	+0.097%	$20.1M	$40.8M	25x	as long as short
tradeXYZ xyz:GOLDlong	+0.0050%	1h	4,358.8	long leg	$294.3M	$48.5M	25x
Ondo Perps XAU-USD.P	+0.0050%	1h	4,356	−0.064%	$14.9M	$57.9M	25x	as long as short
QFEX GOLD-USD	+0.0051%	1h	4,358.1	−0.016%	$5.6M	$1.9M	20x	as long as short
Polymarket Perps GOLD-USD	+0.0059%	1h	4,359.6	+0.018%	$4.3M	$1.9M	20x	as long as short
Variational Omni XAU	+0.0069%	4h	4,356.5	−0.053%	$48.3M	$28.4M	—	as long as short
Coinbase International GOLD-PERP-INTXshort	+0.0072%	1h	4,354.9	−0.089%	$2.0M	$5.0M	25x
Paradex XAU-USD-PERP	+0.0082%	8h	4,359.2	+0.009%	$19K	$5K	5x	as long as short
edgeX XAUUSDC	+0.0084%	4h	4,350.2	−0.197%	$30.3M	$60.6M	50x	as long as short
MEXC XAU_USDT	+0.0086%	4h	4,361.7	+0.065%	$374.2M	$322.5M	1000x	as long as short
Binance XAUUSDT	+0.0088%	4h	4,361.6	+0.065%	$409.9M	$2.10B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,356	−0.064%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,352.6	−0.143%	$275K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,353.7	−0.117%	$26K	$14K	20x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,360.1	+0.029%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0121%	1h	4,355.1	−0.085%	$48K	$64K	25x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,359.3	+0.012%	$3.4M	$12.4M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0136%	4h	4,357.5	−0.030%	$1.4M	$2.9M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0140%	1h	4,360	+0.028%	$235K	$662K	25x	as long as short
Bullet GOLD-USD	+0.0155%	1h	4,360.5	+0.040%	$59K	$83K	10x	as long as short
Bitget XAUUSDT	+0.0156%	4h	4,362.6	+0.088%	$69.4M	$109.9M	100x	as long as short
Bybit XAUUSDT	+0.0181%	4h	4,363	+0.096%	$84.2M	$144.1M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0227%	8h	4,363.7	+0.112%	$165.1M	$284.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,358	−0.019%	$594K	$141K	25x	as long as short
Phemex XAUUSDT	+0.0357%	4h	4,362.2	+0.077%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0394% / S −0.0199%	1h	4,361	+0.050%	$253K	—	111x	as long as short
HTX XAU-USDT	+0.0518%	4h	4,365	+0.141%	$2.9M	$3.9M	75x	as long as short