Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −11.0% APRnext payment −$0.13 per $10,000 · paid last 24h −0.014%
Price spread now: ApeX Omni against Bullet−0.103%66s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and ApeX Omni is 0.103% cheaper against Bullet than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet GOLD-USD | 4,358.4 | 0.0200 | pay 0.0025% / 1h | 24m 06s | $60K | $83K | 10x |
| Short | ApeX Omni XAUUSDT | 4,353.9 | 0.0100 | get 0.0013% / 1h | 24m 06s | $275K | $203K | 50x |
Bullet GOLD-USD
ApeX Omni XAUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Bullet. 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
- −$21.04
- Price spread: −0.103% → 0.000%
- −$10.27
- Slippage, 4 orders
- no order book: not counted
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$49.3
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Bullet: no order-book sample; ApeX Omni: live order book, 38 min ago. 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 Bullet no order-book sample | — | — | — | — | — |
| Sell ApeX Omni live order book, 38 min ago | 4.79 bp | 19.9 bp −$20 | 34.7 bp −$347 | 44.0 bp −$4,399 | doesn't fit |
Bullet: 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.
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 | 4,363.2 | +0.110% | $93K | $9.2M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,354.6 | −0.088% | $267K | — | 250x | as long as short |
| Gate XAU_USDT | +0.0006% | 4h | 4,359.1 | +0.016% | $264.6M | $413.0M | 100x | as long as short |
| RISEx XAU/USDC | +0.0010% | 1h | 4,358.4 | 0.000% | $3.4M | $12.4M | 25x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,354.6 | −0.088% | $13.6M | $38.8M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | −0.183% | $619 | $54 | 52x | as long as short |
| Kalshi KXGOLDPERP | +0.0039% | 24h | 4,356.4 | −0.046% | $4.1M | $37.0M | 15x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,358.9 | +0.012% | $3.8M | $4.6M | 40x | as long as short |
| Aster XAUUSD1 | +0.0043% | 4h | 4,358.4 | +0.001% | $70.6M | $334.0M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,392.1 | +0.773% | — | $1.0M | 25x | as long as short |
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Gate XAU_USDT
RISEx XAU/USDC
Extended XAU-USD
Injective XAU/USDC PERP
Kalshi KXGOLDPERP
StandX XAU-USD
Aster XAUUSD1
Vest GC-PERPShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX GOLD-USD | +0.0046% | 1h | 4,357.2 | −0.027% | $5.6M | $1.9M | 20x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0048% | 1h | 4,355.7 | −0.062% | $2.0M | $4.9M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,354.7 | −0.085% | $294.2M | $48.7M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,355 | −0.079% | $15.1M | $57.2M | 25x | as long as short |
| GRVT XAU_USDT_Perp | +0.0054% | 4h | 4,357.1 | −0.030% | $1.4M | $3.0M | 25x | as long as short |
| Lighter XAU | +0.0056% | 1h | 4,356.7 | −0.039% | $20.7M | $42.3M | 25x | as long as short |
| Variational Omni XAU | +0.0057% | 4h | 4,355.6 | −0.063% | $48.3M | $27.9M | — | as long as short |
| Lighter RH XAU | +0.0064% | 1h | 4,359 | +0.013% | $20.2M | $39.7M | 25x | as long as short |
| Binance XAUUSDT | +0.0074% | 4h | 4,357.6 | −0.018% | $412.0M | $2.10B | 100x | as long as short |
| MEXC XAU_USDT | +0.0074% | 4h | 4,357.9 | −0.012% | $372.1M | $318.9M | 1000x | as long as short |
| Paradex XAU-USD-PERP | +0.0080% | 8h | 4,358.8 | +0.010% | $19K | $5K | 5x | as long as short |
| edgeX XAUUSDC | +0.0093% | 4h | 4,349.4 | −0.206% | $30.3M | $58.3M | 50x | as long as short |
| Aevo XAU-PERP | +0.0096% | 1h | 4,357.8 | −0.014% | $161K | $87 | 10x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,355.1 | −0.075% | $1.4M | $1.1M | 10x | as long as short |
| ApeX Omni XAUUSDTshort | +0.0100% | 1h | 4,353.9 | −0.103% | $275K | $203K | 50x | |
| Phemex XAUUSDT | +0.0119% | 4h | 4,357.8 | −0.015% | $2.2M | $1.1M | 100x | as long as short |
| Hotstuff GOLD-PERP | +0.0120% | 1h | 4,355.2 | −0.073% | $33K | — | 25x | as long as short |
| Polymarket Perps GOLD-USD | +0.0124% | 1h | 4,357.8 | −0.014% | $4.3M | $1.9M | 20x | as long as short |
| Phoenix GOLD | +0.0136% | 1h | 4,350.3 | −0.186% | $47K | $77K | 25x | as long as short |
| Bybit XAUUSDT | +0.0199% | 4h | 4,359 | +0.015% | $84.5M | $145.4M | 150x | as long as short |
| Bullet GOLD-USDlong | +0.0200% | 1h | 4,358.4 | long leg | $60K | $83K | 10x | |
| Bitget XAUUSDT | +0.0212% | 4h | 4,357.6 | −0.018% | $70.2M | $109.4M | 100x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0232% | 1h | 4,356.9 | −0.034% | $278K | $727K | 25x | as long as short |
| OKX XAU-USDT-SWAP | +0.0253% | 8h | 4,359.1 | +0.016% | $165.2M | $282.7M | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0269% | 1h | 4,355.5 | −0.066% | $594K | $133K | 25x | as long as short |
| BloFin XAU-USDT | +0.0296% | 4h | 4,356.2 | −0.050% | $15.5M | $4.6M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0401% / S −0.0213% | 1h | 4,358.4 | 0.000% | $249K | — | 111x | as long as short |
| Bluefin GOLD-PERP | +0.0463% | 1h | 4,351.3 | −0.164% | $25K | $14K | 20x | as long as short |
| HTX XAU-USDT | +0.0566% | 4h | 4,364.4 | +0.138% | $2.9M | $4.2M | 75x | as long as short |
QFEX GOLD-USD
Coinbase International GOLD-PERP-INTX
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
GRVT XAU_USDT_Perp
Lighter XAU
Variational Omni XAU
Lighter RH XAU
Binance XAUUSDT
MEXC XAU_USDT
Paradex XAU-USD-PERP
edgeX XAUUSDC
Aevo XAU-PERP
Pacifica XAU
Phemex XAUUSDT
Hotstuff GOLD-PERP
Polymarket Perps GOLD-USD
Phoenix GOLD
Bybit XAUUSDT
Bitget XAUUSDT
Deribit GOLD_USDC-PERPETUAL
OKX XAU-USDT-SWAP
Kraken Futures PF_XAUUSD
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]
Bluefin GOLD-PERP
HTX XAU-USDT