Funding you earn now, next payment 08:00 UTC−0.0095%/8h= −10.4% APRnext payment −$0.12 per $10,000 · paid last 24h −0.026%
Price spread now: Extended against Bullet−0.085%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Extended is 0.085% cheaper against Bullet than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet GOLD-USD | 4,307.5 | 0.0199 | pay 0.0025% / 1h | 6m 50s | $59K | $81K | 10x |
| Short | Extended XAU-USD | 4,303.8 | 0.0104 | get 0.0013% / 1h | 6m 50s | $13.2M | $36.6M | 25x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$19.95
- Price spread: −0.085% → 0.000%
- −$8.5
- Slippage, 4 orders
- no order book: not counted
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$41.45
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Bullet: no order-book sample; Extended: live order book, 2 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 Extended live order book, 2 min ago | 0.12 bp | 3.8 bp −$4 | 5.5 bp −$55 | 11.3 bp −$1,132 | 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 | 4,312.3 | +0.112% | $92K | $7.0M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,304 | −0.082% | $268K | — | 250x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.996% | $619 | $54 | 52x | as long as short |
| QFEX GOLD-USD | +0.0045% | 1h | 4,307.1 | −0.009% | $5.7M | $2.7M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,340.1 | +0.757% | — | $1.0M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,304.1 | −0.079% | $290.0M | $52.5M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,303.7 | −0.088% | $15.0M | $55.3M | 25x | as long as short |
| Aster XAUUSD1 | +0.0057% | 4h | 4,309.3 | +0.043% | $72.9M | $271.9M | 20x | as long as short |
| Paradex XAU-USD-PERP | +0.0063% | 8h | 4,306.9 | −0.014% | $2K | $14K | 5x | as long as short |
| Bluefin GOLD-PERP | +0.0068% | 1h | 4,303.1 | −0.101% | $25K | $1K | 20x | as long as short |
Show all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit XAUUSDT | +0.0071% | 4h | 4,308.6 | +0.026% | $77.3M | $155.4M | 150x | as long as short |
| Lighter XAU | +0.0072% | 1h | 4,307.4 | −0.003% | $20.2M | $30.2M | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0072% | 1h | 4,304.3 | −0.074% | $2.0M | $5.1M | 25x | as long as short |
| Phoenix GOLD | +0.0096% | 1h | 4,313.9 | +0.149% | $42K | $79K | 25x | as long as short |
| Kalshi KXGOLDPERP | +0.0099% | 24h | 4,309.5 | +0.046% | $3.6M | $45.3M | 15x | as long as short |
| Variational Omni XAU | +0.0100% | 4h | 4,316.5 | +0.208% | $47.1M | $29.0M | — | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,304.1 | −0.079% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,313.5 | +0.140% | $272K | $209K | 50x | as long as short |
| Lighter RH XAU | +0.0104% | 1h | 4,309.9 | +0.055% | $19.9M | $40.2M | 25x | as long as short |
| Extended XAU-USDshort | +0.0104% | 1h | 4,303.8 | −0.085% | $13.2M | $36.6M | 25x | |
| MEXC XAU_USDT | +0.0108% | 4h | 4,308 | +0.012% | $366.9M | $340.5M | 1000x | as long as short |
| Binance XAUUSDT | +0.0110% | 4h | 4,308.1 | +0.015% | $429.1M | $2.16B | 100x | as long as short |
| GRVT XAU_USDT_Perp | +0.0112% | 4h | 4,316.1 | +0.199% | $1.4M | $3.0M | 25x | as long as short |
| Aevo XAU-PERP | +0.0112% | 1h | 4,307.2 | −0.007% | $160K | $87 | 10x | as long as short |
| Gate XAU_USDT | +0.0116% | 4h | 4,309.4 | +0.044% | $284.7M | $430.2M | 100x | as long as short |
| StandX XAU-USD | +0.0118% | 1h | 4,313.1 | +0.130% | $3.8M | $4.5M | 40x | as long as short |
| Hotstuff GOLD-PERP | +0.0120% | 1h | 4,303.9 | −0.084% | $32K | — | 25x | as long as short |
| edgeX XAUUSDC | +0.0127% | 4h | 4,313.1 | +0.131% | $30.0M | $59.8M | 50x | as long as short |
| Bitget XAUUSDT | +0.0190% | 4h | 4,307.9 | +0.010% | $70.6M | $121.4M | 100x | as long as short |
| Bullet GOLD-USDlong | +0.0199% | 1h | 4,307.5 | long leg | $59K | $81K | 10x | |
| Polymarket Perps GOLD-USD | +0.0221% | 1h | 4,307.4 | −0.002% | $4.3M | $1.8M | 20x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0229% | 1h | 4,305 | −0.058% | $573K | $138K | 25x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0238% | 1h | 4,307.3 | −0.005% | $136K | $864K | 25x | as long as short |
| OKX XAU-USDT-SWAP | +0.0264% | 8h | 4,307.9 | +0.009% | $175.2M | $305.1M | 100x | as long as short |
| BloFin XAU-USDT | +0.0371% | 4h | 4,308.4 | +0.021% | $16.5M | $5.0M | 100x | as long as short |
| Phemex XAUUSDT | +0.0455% | 4h | 4,312.2 | +0.108% | $2.2M | $949K | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0464% / S −0.0311% | 1h | 4,307.9 | +0.008% | $253K | — | 111x | as long as short |
| HTX XAU-USDT | +0.0540% | 4h | 4,314.3 | +0.157% | $3.2M | $6.1M | 75x | as long as short |
| RISEx XAU/USDC | +0.0643% | 1h | 4,307.4 | −0.003% | $4.5M | $13.1M | 25x | as long as short |
Bullet GOLD-USD
Extended XAU-USD
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Injective XAU/USDC PERP
tradeXYZ xyz:GOLD
Aster XAUUSD1
Paradex XAU-USD-PERP
Bluefin GOLD-PERP
Bybit XAUUSDT
Lighter XAU
Coinbase International GOLD-PERP-INTX
Phoenix GOLD
Kalshi KXGOLDPERP
Variational Omni XAU
Pacifica XAU
ApeX Omni XAUUSDT
Lighter RH XAU
MEXC XAU_USDT
Binance XAUUSDT
GRVT XAU_USDT_Perp
Gate XAU_USDT
StandX XAU-USD
edgeX XAUUSDC
Bitget XAUUSDT
Polymarket Perps GOLD-USD
Kraken Futures PF_XAUUSD
Deribit GOLD_USDC-PERPETUAL
OKX XAU-USDT-SWAP
BloFin XAU-USDT
Phemex XAUUSDT
GMX GOLD/USD [ETH-USDC]
HTX XAU-USDT
RISEx XAU/USDC