XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0133%/8h= +14.6% APRnext payment +$0.66 per $10,000 · paid last 24h +0.120%

Price spread now: Phemex against Binance+0.076%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$710.711% of the position

Long on Binance Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.253%+$25 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now +0.076%, 7d avg +0.034%

Together, before fees+0.201%+$20 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 Phemex is 0.042% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XAUUSDT	4,335.1	0.0094	pay 0.0047% / 4h	1h 44m	$442.6M	$2.43B	100x
Short	Phemex XAUUSDT	4,338.4	0.0227	get 0.0114% / 4h	1h 44m	$2.3M	$772K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Binance. 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 BinancebpFee PhemexbpOrdersPrice spread, now +0.076%Rate

Funding earned: $27.93
Price spread: +0.076% → +0.034%: $4.18
Slippage, 4 orders: −$49.11
Fee Binance: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$39
Costs to cover: 0.711%
Break-even: 16.8 days

Slippage from Binance: live order book, 8 min ago; Phemex: live order book, 2 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 Binance live order book, 8 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	6.2 bp −$624	doesn't fit
Sell Phemex live order book, 2 min ago	1.33 bp	31.7 bp −$32	doesn't fit	doesn't fit	doesn't fit

XAU on 39 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
Hotstuff GOLD-PERP	−3.2000%	1h	4,318.3	−0.388%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,338.7	+0.083%	$92K	$5.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	0.0000%	1h	4,330.5	−0.106%	$2.1M	$5.2M	25x	as long as short
Bluefin GOLD-PERP	+0.0002%	1h	4,328.9	−0.144%	$25K	$1K	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,331.8	−0.076%	$304K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.353%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,335.5	+0.009%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0041%	1h	4,333.7	−0.032%	$6.7M	$3.2M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,368.2	+0.764%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,332.4	−0.062%	$292.5M	$51.6M	25x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,330.5	−0.107%	$15.1M	$59.4M	25x	as long as short
Paradex XAU-USD-PERP	+0.0054%	8h	4,334.2	−0.020%	$2K	$13K	5x	as long as short
Aster XAUUSD1	+0.0056%	4h	4,336.7	+0.036%	$72.4M	$276.0M	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0073%	1h	4,334.5	−0.014%	$135K	$707K	25x	as long as short
Variational Omni XAU	+0.0074%	4h	4,333.5	−0.036%	$47.3M	$29.2M	—	as long as short
Polymarket Perps GOLD-USD	+0.0074%	1h	4,334.2	−0.021%	$4.3M	$1.7M	20x	as long as short
Gate XAU_USDT	+0.0078%	4h	4,336.9	+0.042%	$298.2M	$444.9M	100x	as long as short
Lighter XAU	+0.0080%	1h	4,335.1	−0.001%	$20.2M	$30.4M	25x	as long as short
Lighter RH XAU	+0.0088%	1h	4,337.3	+0.051%	$19.7M	$40.0M	25x	as long as short
MEXC XAU_USDT	+0.0094%	4h	4,335.1	0.000%	$367.0M	$353.2M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0094%	4h	4,336.8	+0.039%	$1.4M	$3.1M	25x	as long as short
Binance XAUUSDTlong	+0.0094%	4h	4,335.1	long leg	$442.6M	$2.43B	100x
Pacifica XAU	+0.0100%	1h	4,331	−0.095%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,334.5	−0.014%	$284K	$223K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,334.3	−0.019%	$161K	$87	10x	as long as short
edgeX XAUUSDC	+0.0117%	4h	4,333.9	−0.028%	$30.3M	$67.7M	50x	as long as short
Extended XAU-USD	+0.0120%	1h	4,331.8	−0.077%	$12.5M	$34.6M	25x	as long as short
Bybit XAUUSDT	+0.0121%	4h	4,336.6	+0.034%	$82.6M	$172.6M	150x	as long as short
Phoenix GOLD	+0.0127%	1h	4,334.2	−0.021%	$43K	$71K	25x	as long as short
Kalshi KXGOLDPERP	+0.0137%	24h	4,336.4	+0.030%	$3.5M	$51.1M	15x	as long as short
Bullet GOLD-USD	+0.0165%	1h	4,335.2	+0.001%	$59K	$76K	10x	as long as short
RISEx XAU/USDC	+0.0205%	1h	4,334.8	−0.006%	$4.7M	$13.2M	25x	as long as short
Bitget XAUUSDT	+0.0212%	4h	4,335.8	+0.015%	$72.8M	$139.5M	100x	as long as short
Phemex XAUUSDTshort	+0.0227%	4h	4,338.4	+0.076%	$2.3M	$772K	100x
OKX XAU-USDT-SWAP	+0.0237%	8h	4,336.7	+0.037%	$170.7M	$361.6M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0253%	1h	4,332.3	−0.065%	$583K	$169K	25x	as long as short
BloFin XAU-USDT	+0.0336%	4h	4,334.8	−0.006%	$16.3M	$5.3M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0460% / S −0.0308%	1h	4,334.8	−0.006%	$253K	—	111x	as long as short
HTX XAU-USDT	+0.1076%	4h	4,341.1	+0.139%	$3.2M	$7.1M	75x	as long as short