Funding you earn now, next payment 08:00 UTC+0.0209%/8h= +22.9% APRpaid last 24h +0.047%
Price spread now: OKX against tradeXYZ+0.060%7-day average +0.099% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$280.285% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 7 days−0.002%$0 · spread now +0.060%, 7d avg +0.099%
=Together, before fees0.000%+ Points / potential airdroptradeXYZ: Active · farm board$0 on $10k · with fees, hour by hour
Funding pays, the price is against you. OKX is 0.038% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.060% now, against its 7-day average of +0.099%). If the spread goes back, that is −$4 on $10k: about 15 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.002% in total) that is about 4 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.002% in total (about 0.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:GOLD | 4,303.4 | 0.0050 | pay 0.0006% / 1h | 3m 17s | $289.7M | $52.9M | 25x |
| Short | OKX XAU-USDT-SWAP | 4,306 | 0.0259 | get 0.0259% / 8h | 3m 17s | $172.8M | $311.4M | 100x |
tradeXYZ xyz:GOLD
OKX XAU-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against tradeXYZ. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $43.94
- Price spread: +0.060% → +0.099%
- −$3.84
- Slippage, 4 orders
- −$0.46
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $11.64
- Costs to cover
- 0.285%
- Break-even
- 5.1 days
Slippage from tradeXYZ: live order book, 7 min ago; OKX: live order book, 6 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, 7 min ago | 0.12 bp | 9.1 bp −$9 | 9.1 bp −$91 | 11.3 bp −$1,135 | doesn't fit |
| Sell OKX live order book, 6 min ago | 0.12 bp | 5.1 bp −$5 | 5.2 bp −$52 | 7.4 bp −$742 | 13.3 bp −$6,649 |
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 | |
|---|---|---|---|---|---|---|---|---|
| SunX XAU-USDT | 0.0000% | 4h | 4,311 | +0.176% | $92K | $7.0M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,303 | −0.009% | $268K | — | 250x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +1.093% | $619 | $54 | 52x | as long as short |
| QFEX GOLD-USD | +0.0045% | 1h | 4,305.2 | +0.042% | $6.6M | $3.1M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,338.8 | +0.823% | — | $1.0M | 25x | as long as short |
| tradeXYZ xyz:GOLDlong | +0.0050% | 1h | 4,303.4 | long leg | $289.7M | $52.9M | 25x | |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,303.6 | +0.005% | $15.0M | $55.2M | 25x | as long as short |
| Aster XAUUSD1 | +0.0057% | 4h | 4,308.5 | +0.118% | $72.8M | $271.9M | 20x | as long as short |
| Paradex XAU-USD-PERP | +0.0062% | 8h | 4,306.1 | +0.063% | $2K | $14K | 5x | as long as short |
| Bybit XAUUSDT | +0.0071% | 4h | 4,307.7 | +0.100% | $77.3M | $155.6M | 150x | as long as short |
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Injective XAU/USDC PERP
QFEX GOLD-USD
Vest GC-PERP
Ondo Perps XAU-USD.P
Aster XAUUSD1
Paradex XAU-USD-PERP
Bybit XAUUSDTShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter XAU | +0.0072% | 1h | 4,305.5 | +0.049% | $20.2M | $30.2M | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0072% | 1h | 4,301.8 | −0.037% | $2.0M | $5.1M | 25x | as long as short |
| Bluefin GOLD-PERP | +0.0086% | 1h | 4,301.9 | −0.034% | $25K | $1K | 20x | as long as short |
| Phoenix GOLD | +0.0096% | 1h | 4,305.5 | +0.049% | $42K | $79K | 25x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,303 | −0.009% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,304 | +0.013% | $269K | $214K | 50x | as long as short |
| Kalshi KXGOLDPERP | +0.0100% | 24h | 4,308.9 | +0.128% | $3.6M | $45.5M | 15x | as long as short |
| Variational Omni XAU | +0.0101% | 4h | 4,306.5 | +0.073% | $46.7M | $29.3M | — | as long as short |
| Lighter RH XAU | +0.0104% | 1h | 4,308 | +0.106% | $19.9M | $40.3M | 25x | as long as short |
| Extended XAU-USD | +0.0104% | 1h | 4,303.1 | −0.006% | $13.1M | $36.7M | 25x | as long as short |
| MEXC XAU_USDT | +0.0110% | 4h | 4,307.1 | +0.086% | $365.6M | $342.8M | 1000x | as long as short |
| Binance XAUUSDT | +0.0112% | 4h | 4,307.1 | +0.085% | $429.0M | $2.16B | 100x | as long as short |
| Aevo XAU-PERP | +0.0112% | 1h | 4,306.6 | +0.074% | $159K | $87 | 10x | as long as short |
| GRVT XAU_USDT_Perp | +0.0114% | 4h | 4,308 | +0.106% | $1.4M | $3.0M | 25x | as long as short |
| Gate XAU_USDT | +0.0118% | 4h | 4,309.2 | +0.135% | $287.8M | $432.7M | 100x | as long as short |
| Hotstuff GOLD-PERP | +0.0120% | 1h | 4,303.9 | +0.012% | $32K | — | 25x | as long as short |
| edgeX XAUUSDC | +0.0130% | 4h | 4,304.2 | +0.018% | $29.9M | $60.3M | 50x | as long as short |
| StandX XAU-USD | +0.0161% | 1h | 4,309.9 | +0.151% | $3.8M | $4.5M | 40x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0191% | 1h | 4,305.8 | +0.056% | $136K | $866K | 25x | as long as short |
| Bitget XAUUSDT | +0.0192% | 4h | 4,307.1 | +0.086% | $70.7M | $121.8M | 100x | as long as short |
| Bullet GOLD-USD | +0.0199% | 1h | 4,307 | +0.084% | $59K | $81K | 10x | as long as short |
| Polymarket Perps GOLD-USD | +0.0222% | 1h | 4,307.2 | +0.088% | $4.3M | $1.8M | 20x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0229% | 1h | 4,304.6 | +0.029% | $573K | $138K | 25x | as long as short |
| OKX XAU-USDT-SWAPshort | +0.0259% | 8h | 4,306 | +0.060% | $172.8M | $311.4M | 100x | |
| BloFin XAU-USDT | +0.0373% | 4h | 4,307.1 | +0.085% | $16.6M | $4.9M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0464% / S −0.0311% | 1h | 4,307 | +0.085% | $253K | — | 111x | as long as short |
| Phemex XAUUSDT | +0.0496% | 4h | 4,311.5 | +0.189% | $2.2M | $951K | 100x | as long as short |
| HTX XAU-USDT | +0.0547% | 4h | 4,314.1 | +0.249% | $3.2M | $6.2M | 75x | as long as short |
| RISEx XAU/USDC | +0.0643% | 1h | 4,307.4 | +0.094% | $4.5M | $13.1M | 25x | as long as short |
Lighter XAU
Coinbase International GOLD-PERP-INTX
Bluefin GOLD-PERP
Phoenix GOLD
Pacifica XAU
ApeX Omni XAUUSDT
Kalshi KXGOLDPERP
Variational Omni XAU
Lighter RH XAU
Extended XAU-USD
MEXC XAU_USDT
Binance XAUUSDT
Aevo XAU-PERP
GRVT XAU_USDT_Perp
Gate XAU_USDT
Hotstuff GOLD-PERP
edgeX XAUUSDC
StandX XAU-USD
Deribit GOLD_USDC-PERPETUAL
Bitget XAUUSDT
Bullet GOLD-USD
Polymarket Perps GOLD-USD
Kraken Futures PF_XAUUSD
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]
Phemex XAUUSDT
HTX XAU-USDT
RISEx XAU/USDC