XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0124%/8h= −13.6% APRnext payment −$0.16 per $10,000 · paid last 24h −0.007%

Price spread now: Phoenix against Bullet−0.057%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bullet Short on Phoenix

What this pair did over the last

the charts below follow

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 −$4 a day on $10k at the current rate, and Phoenix is 0.057% cheaper against Bullet than usual: you would sell low and buy high (−$6 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	4,361.4	0.0179	pay 0.0022% / 1h	57m 15s	$59K	$83K	10x
Short	Phoenix GOLD	4,358.9	0.0055	get 0.0007% / 1h	57m 15s	$48K	$64K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Bullet. 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 BulletbpFee PhoenixbpOrdersPrice spread, now −0.057%Rate

Funding earned: −$26.07
Price spread: −0.057% → 0.000%: −$5.73
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$46.8
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Bullet: no order-book sample; Phoenix: 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 Bullet no order-book sample	—	—	—	—	—
Sell Phoenix no order-book sample	—	—	—	—	—

Bullet and Phoenix: 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
Bluefin GOLD-PERP	−0.0350%	1h	4,353.5	−0.180%	$26K	$22K	20x	as long as short
Aster XAUUSD1	0.0000%	4h	4,362	+0.013%	$68.5M	$249.3M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,361.9	+0.012%	$265.0M	$400.7M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,360.3	−0.025%	$4.1M	$36.5M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,365.8	+0.102%	$93K	$10.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,357.3	−0.093%	$269K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0016%	1h	4,357.8	−0.083%	$33K	—	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,357.1	−0.098%	$13.5M	$43.4M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.252%	$619	$54	52x	as long as short
Variational Omni XAU	+0.0040%	4h	4,362	+0.013%	$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	4,365	+0.083%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,395.2	+0.775%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,359.6	−0.042%	$20.6M	$43.2M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,357.3	−0.094%	$294.1M	$51.8M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,360.2	−0.028%	$4.3M	$1.8M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,358.2	−0.075%	$14.8M	$57.2M	25x	as long as short
QFEX GOLD-USD	+0.0051%	1h	4,361.5	+0.002%	$5.6M	$1.9M	20x	as long as short
Phoenix GOLDshort	+0.0055%	1h	4,358.9	−0.057%	$48K	$64K	25x
Lighter RH XAU	+0.0056%	1h	4,362.1	+0.016%	$20.2M	$40.5M	25x	as long as short
MEXC XAU_USDT	+0.0060%	4h	4,361.2	−0.004%	$374.0M	$318.8M	1000x	as long as short
edgeX XAUUSDC	+0.0062%	4h	4,356.3	−0.116%	$30.3M	$60.0M	50x	as long as short
Binance XAUUSDT	+0.0064%	4h	4,361.1	−0.007%	$411.5M	$2.12B	100x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,356.9	−0.103%	$2.0M	$5.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0088%	8h	4,361.5	+0.002%	$19K	$5K	5x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0094%	1h	4,358.7	−0.062%	$235K	$659K	25x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,360.4	−0.022%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,357.5	−0.089%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,358.5	−0.067%	$275K	$204K	50x	as long as short
Bitget XAUUSDT	+0.0114%	4h	4,361.4	0.000%	$69.4M	$111.3M	100x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,361.8	+0.008%	$3.4M	$12.4M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0154%	4h	4,362.8	+0.032%	$1.4M	$3.1M	25x	as long as short
Bullet GOLD-USDlong	+0.0179%	1h	4,361.4	long leg	$59K	$83K	10x
Bybit XAUUSDT	+0.0203%	4h	4,361.7	+0.008%	$83.6M	$144.7M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0217%	8h	4,362	+0.014%	$164.1M	$286.3M	100x	as long as short
BloFin XAU-USDT	+0.0241%	4h	4,362.7	+0.031%	$15.4M	$4.6M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,358.2	−0.073%	$594K	$141K	25x	as long as short
Phemex XAUUSDT	+0.0317%	4h	4,365.3	+0.089%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0394% / S −0.0199%	1h	4,361.6	+0.004%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.0549%	4h	4,365.9	+0.103%	$2.9M	$3.9M	75x	as long as short