Funding you earn now, next payment 12:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.028%
Price spread now: Derive against Gate−0.078%7-day average −0.008% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.208%+$21 on $10k
+Price spread, last 4 days (all we have)+0.093%+$9 · spread now −0.078%, 7d avg −0.008%
=Funding pays, the price is against you. Derive is 0.070% cheaper against Gate than usual: you would sell low and buy high (spread −0.078% now, against its 7-day average of −0.008%). If the spread goes back, that is −$7 on $10k: about 2.3 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate XAUT_USDT | 4,317.2 | 0 | get 0.0000% / 8h | 4h 48m | $130.1M | $10.6M | 100x |
| Short | Derive XAUT-PERP | 4,313.8 | 0.0100 | get 0.0013% / 1h | 48m 35s | $1.8M | $435K | 10x |
Gate XAUT_USDT
Derive XAUT-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against Gate. 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
- $21
- Price spread: −0.078% → −0.008%
- −$6.99
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$6.99
- Costs to cover
- 0.210%
- Break-even
- 9.3 days
Slippage unknown: Gate: live order book, 4 min ago; Derive: no order-book sample. Net counts fees only.
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 Gate live order book, 4 min ago | 0.12 bp | 8.8 bp −$9 | 11.3 bp −$113 | 18.2 bp −$1,821 | 44.1 bp −$22.0K |
| Sell Derive no order-book sample | — | — | — | — | — |
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
XAUT on 20 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget XAUTUSDT | −0.0128% | 4h | 4,313.6 | −0.084% | $24.2M | $25.2M | 75x | as long as short |
| Aftermath Perps XAUTUSD | −0.0068% | 1h | 4,320.4 | +0.075% | $55K | $7K | 20x | as long as short |
| Gate XAUT_USDTlong | 0.0000% | 8h | 4,317.2 | long leg | $130.1M | $10.6M | 100x | |
| Injective XAUT/USDC PERP | +0.0033% | 1h | 4,349.8 | +0.755% | $8K | $149K | 30x | as long as short |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,311.3 | −0.137% | $10.1M | $2.2M | 25x | as long as short |
| Extended XAUT-USD | +0.0096% | 1h | 4,314.2 | −0.070% | $274K | $211K | 25x | as long as short |
| Binance XAUTUSDT | +0.0097% | 4h | 4,314.4 | −0.065% | $36.1M | $48.4M | 75x | as long as short |
| Variational Omni XAUT | +0.0100% | 4h | 4,317 | −0.004% | $33.0M | $3.1M | — | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,316 | −0.027% | $4.1M | $899K | 10x | as long as short |
| Bybit XAUTUSDT | +0.0100% | 4h | 4,315.1 | −0.049% | $118.6M | $37.7M | 75x | as long as short |
Bitget XAUTUSDT
Aftermath Perps XAUTUSD
Injective XAUT/USDC PERP
SoDEX XAUT-USD
Extended XAUT-USD
Binance XAUTUSDT
Variational Omni XAUT
Nado XAUT-PERP
Bybit XAUTUSDTShow all 20 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC XAUT_USDT | +0.0100% | 4h | 4,316.4 | −0.019% | $392.7M | $295.8M | 1000x | as long as short |
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,317.1 | −0.003% | $12.3M | $3.7M | 75x | as long as short |
| BingX XAUT-USDT | +0.0100% | 4h | 4,315.6 | −0.037% | — | $21.0M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,318.9 | +0.038% | $730 | $109K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,311.9 | −0.123% | $265 | $17K | 10x | as long as short |
| Derive XAUT-PERPshort | +0.0100% | 1h | 4,313.8 | −0.078% | $1.8M | $435K | 10x | |
| SunX XAUT-USDT | +0.0100% | 4h | 4,317.8 | +0.015% | $2K | $2.5M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,319.2 | +0.045% | $1.8M | $180K | 75x | as long as short |
| Kraken Futures PF_XAUTUSD | +0.0134% | 1h | 4,313 | −0.098% | $5.9M | $5.9M | 50x | as long as short |
| BloFin XAUT-USDT | +0.0340% | 4h | 4,313 | −0.097% | $2.3M | $732K | 75x | as long as short |
MEXC XAUT_USDT
KuCoin XAUTUSDTM
BingX XAUT-USDT
GRVT XAUT_USDT_Perp
Orderly PERP_XAUT_USDC_mythos
SunX XAUT-USDT
HTX XAUT-USDT
Kraken Futures PF_XAUTUSD
BloFin XAUT-USDT