XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0136%/8h= +14.9% APRnext payment +$0.17 per $10,000 · paid last 24h +0.052%

Price spread now: Deribit against tradeXYZ+0.039%7-day average −0.026% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$300.303% of the position

Long on tradeXYZ Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.718%+$72 on $10k

Price spread, last 3 days (all we have)−0.080%−$8 · spread now +0.039%, 7d avg −0.026%

Together, before fees+0.638%+ Points / potential airdroptradeXYZ: Active · farm board+$64 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Deribit is 0.065% dearer against tradeXYZ than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:GOLD	4,357.1	0.0050	pay 0.0006% / 1h	34m 48s	$294.2M	$48.4M	25x
Short	Deribit GOLD_USDC-PERPETUAL	4,358.8	0.0186	get 0.0023% / 1h	34m 48s	$235K	$662K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.039%Rate

Funding earned: $28.58
Price spread: +0.039% → −0.026%: $6.48
Slippage, 4 orders: −$5.32
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $4.73
Costs to cover: 0.303%
Break-even: 5.8 days

Slippage from tradeXYZ: live order book, 4 min ago; Deribit: live order book, 34 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, 4 min ago	0.34 bp	9.3 bp −$9	9.7 bp −$97	12.1 bp −$1,205	doesn't fit
Sell Deribit live order book, 34 min ago	0.12 bp	3.6 bp −$4	5.3 bp −$53	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
Hotstuff GOLD-PERP	0.0000%	1h	4,356.8	−0.007%	$33K	—	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,361.6	+0.103%	$263.1M	$408.8M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,357.4	+0.007%	$4.1M	$36.3M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,364.1	+0.161%	$93K	$9.7M	20x	as long as short
Aster XAUUSD1	+0.0001%	4h	4,361.2	+0.095%	$70.2M	$292.9M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,356.8	−0.006%	$270K	—	250x	as long as short
Extended XAU-USD	+0.0032%	1h	4,356.5	−0.014%	$13.6M	$43.0M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.153%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,358.4	+0.030%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,393	+0.824%	—	$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
Lighter XAU	+0.0048%	1h	4,359.5	+0.054%	$20.7M	$43.5M	25x	as long as short
Lighter RH XAU	+0.0048%	1h	4,361.8	+0.107%	$20.1M	$40.8M	25x	as long as short
tradeXYZ xyz:GOLDlong	+0.0050%	1h	4,357.1	long leg	$294.2M	$48.4M	25x
Ondo Perps XAU-USD.P	+0.0050%	1h	4,357.4	+0.007%	$14.9M	$57.9M	25x	as long as short
QFEX GOLD-USD	+0.0051%	1h	4,358.5	+0.032%	$5.6M	$1.9M	20x	as long as short
Polymarket Perps GOLD-USD	+0.0060%	1h	4,359	+0.044%	$4.3M	$1.9M	20x	as long as short
Variational Omni XAU	+0.0069%	4h	4,356.5	−0.014%	$48.3M	$28.4M	—	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,357.1	0.000%	$2.0M	$5.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0083%	8h	4,359.8	+0.062%	$19K	$5K	5x	as long as short
edgeX XAUUSDC	+0.0084%	4h	4,350.2	−0.158%	$30.3M	$60.6M	50x	as long as short
MEXC XAU_USDT	+0.0086%	4h	4,360.2	+0.070%	$374.3M	$322.4M	1000x	as long as short
Binance XAUUSDT	+0.0087%	4h	4,360.2	+0.070%	$409.8M	$2.10B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,356.2	−0.020%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,352.6	−0.104%	$275K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,400.4	+0.994%	$26K	$14K	20x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,359.5	+0.056%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0121%	1h	4,355.1	−0.046%	$48K	$64K	25x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,360.3	+0.073%	$3.4M	$12.4M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0136%	4h	4,357.5	+0.009%	$1.4M	$2.9M	25x	as long as short
Bitget XAUUSDT	+0.0154%	4h	4,360.7	+0.082%	$69.3M	$109.8M	100x	as long as short
Bullet GOLD-USD	+0.0156%	1h	4,360	+0.067%	$59K	$83K	10x	as long as short
Deribit GOLD_USDC-PERPETUALshort	+0.0186%	1h	4,358.8	+0.039%	$235K	$662K	25x
Bybit XAUUSDT	+0.0193%	4h	4,361.5	+0.101%	$84.2M	$143.7M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0227%	8h	4,361.9	+0.110%	$165.1M	$284.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,358	+0.020%	$594K	$141K	25x	as long as short
BloFin XAU-USDT	+0.0286%	4h	4,364.8	+0.177%	$15.5M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0349%	4h	4,361.3	+0.096%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0394% / S −0.0199%	1h	4,360.4	+0.076%	$253K	—	111x	as long as short
HTX XAU-USDT	+0.0521%	4h	4,363.9	+0.156%	$2.9M	$3.9M	75x	as long as short