XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0151%/8h= +16.6% APRnext payment +$0.76 per $10,000 · paid last 24h +0.085%

Price spread now: Phemex against Bitget+0.103%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$730.731% of the position

Long on Bitget Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.181%+$18 on $10k

Price spread, last 3 days (all we have)−0.045%−$4 · spread now +0.103%, 7d avg +0.025%

Together, before fees+0.137%+$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phemex is 0.078% dearer against Bitget than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XAUUSDT	4,360.3	0.0114	pay 0.0057% / 4h	2h 58m	$69.4M	$111.4M	100x
Short	Phemex XAUUSDT	4,364.8	0.0265	get 0.0133% / 4h	2h 58m	$2.2M	$1.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Bitget. 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 BitgetbpFee PhemexbpOrdersPrice spread, now +0.103%Rate

Funding earned: $31.76
Price spread: +0.103% → +0.025%: $7.8
Slippage, 4 orders: −$49.11
Fee Bitget: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$33.54
Costs to cover: 0.731%
Break-even: 14.4 days

Slippage from Bitget: live order book, 1 min ago; Phemex: 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 Bitget live order book, 1 min ago	0.01 bp	6.6 bp −$7	7.5 bp −$75	11.5 bp −$1,151	doesn't fit
Sell Phemex live order book, 5 min ago	0.56 bp	32.4 bp −$32	doesn't fit	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
Bluefin GOLD-PERP	−0.0353%	1h	4,355.9	−0.099%	$26K	$22K	20x	as long as short
Aster XAUUSD1	0.0000%	4h	4,362.9	+0.061%	$68.5M	$247.2M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,361.7	+0.032%	$265.1M	$400.5M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,360.3	+0.001%	$4.1M	$36.5M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,367.1	+0.157%	$93K	$10.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,360.1	−0.004%	$270K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0016%	1h	4,360.7	+0.010%	$33K	—	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,357.4	−0.064%	$13.5M	$43.5M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.225%	$619	$54	52x	as long as short
Variational Omni XAU	+0.0040%	4h	4,362	+0.040%	$48.4M	$28.5M	—	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAU-USD	+0.0040%	1h	4,363.3	+0.070%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,398	+0.866%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,360	−0.007%	$20.6M	$43.2M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,356.7	−0.081%	$294.0M	$51.8M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,363.4	+0.072%	$4.3M	$1.8M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,360.7	+0.010%	$14.8M	$57.2M	25x	as long as short
QFEX GOLD-USD	+0.0051%	1h	4,363.7	+0.079%	$5.6M	$1.9M	20x	as long as short
Phoenix GOLD	+0.0055%	1h	4,359.6	−0.015%	$48K	$64K	25x	as long as short
Lighter RH XAU	+0.0056%	1h	4,363.4	+0.072%	$20.2M	$40.5M	25x	as long as short
MEXC XAU_USDT	+0.0060%	4h	4,361.6	+0.031%	$372.3M	$318.4M	1000x	as long as short
Binance XAUUSDT	+0.0062%	4h	4,361.7	+0.034%	$411.5M	$2.12B	100x	as long as short
edgeX XAUUSDC	+0.0063%	4h	4,356.5	−0.085%	$30.3M	$60.4M	50x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,359.6	−0.015%	$2.0M	$5.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0088%	8h	4,363.9	+0.085%	$19K	$5K	5x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,362.9	+0.060%	$162K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,361	+0.017%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,359.2	−0.025%	$275K	$204K	50x	as long as short
Bitget XAUUSDTlong	+0.0114%	4h	4,360.3	long leg	$69.4M	$111.4M	100x
Deribit GOLD_USDC-PERPETUAL	+0.0117%	1h	4,361.2	+0.022%	$235K	$659K	25x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,364.6	+0.100%	$3.4M	$12.4M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0152%	4h	4,362.3	+0.046%	$1.4M	$3.1M	25x	as long as short
Bullet GOLD-USD	+0.0184%	1h	4,364.4	+0.095%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0195%	4h	4,361.5	+0.028%	$83.5M	$144.8M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0217%	8h	4,362.2	+0.045%	$164.2M	$286.4M	100x	as long as short
BloFin XAU-USDT	+0.0241%	4h	4,362.7	+0.057%	$15.4M	$4.6M	100x	as long as short
Phemex XAUUSDTshort	+0.0265%	4h	4,364.8	+0.103%	$2.2M	$1.1M	100x
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,360.8	+0.012%	$595K	$141K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0394% / S −0.0199%	1h	4,363.9	+0.084%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.0554%	4h	4,366.7	+0.147%	$2.9M	$3.9M	75x	as long as short