XAU

Alert

Funding spread now, next payment 16:00 UTC+0.1119%/8h

next payment, per $10,000+$5.60paid, last 24h+0.081%paid, last 7 days+0.283%to open and close $10k−$85

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.283% in total (about 14.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.60 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XAUUSDT	4,360.9	0.0121	pay 0.0060% / 4h	3h 29m	$82.5M	$99.2M	150x
Short	Phemex XAUUSDT	4,360.8	0.1240	get 0.0620% / 4h	3h 29m	$2.2M	$707K	100x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee PhemexbpOrdersRate

Funding earned: $235.03
Slippage, 4 orders: −$62.48
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Phemex: 6 bp × 2 orders: −$12
Net: $149.55
Break-even: 2.5 days

Slippage from Bybit: live order book, 1 min ago; Phemex: live order book, 5 min ago.

Price risk

price view

Price gap now: −0.002%
Avg gap 7d: +0.007%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Bybit live order book, 1 min ago	0.01 bp	5.5 bp −$6	6.6 bp −$66	10.7 bp −$1,066	33.3 bp −$16.6K
Sell Phemex live order book, 5 min ago	0.89 bp	27.7 bp −$28	doesn't fit	doesn't fit	doesn't fit

XAU on 38 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bluefin GOLD-PERP	−0.0067%	1h	$26K	$23K	20x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	$2.8M	$16.0M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	$93K	$8.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0002%	1h	$201K	—	250x	as long as short
Extended XAU-USD	+0.0032%	1h	$13.7M	$48.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	$619	$146K	52x	as long as short
QFEX GOLD-USD	+0.0034%	1h	$5.4M	$2.0M	20x	as long as short
StandX XAU-USD	+0.0040%	1h	$3.7M	$718K	40x	as long as short
Vest GC-PERP	+0.0046%	1h	—	$305K	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	$295.1M	$46.8M	25x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	$14.9M	$33.6M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	$2.1M	$3.3M	25x	as long as short
Paradex XAU-USD-PERP	+0.0061%	8h	$12K	$2K	5x	as long as short
Phoenix GOLD	+0.0073%	1h	$43K	$44K	25x	as long as short
Aster XAUUSD1	+0.0096%	4h	$69.5M	$152.5M	20x	as long as short
Lighter XAU	+0.0096%	1h	$20.9M	$38.4M	25x	as long as short
Pacifica XAU	+0.0100%	1h	$1.4M	$1.0M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	$276K	$198K	50x	as long as short
Gate XAU_USDT	+0.0112%	4h	$260.8M	$282.9M	100x	as long as short
Aevo XAU-PERP	+0.0112%	1h	$161K	—	10x	as long as short
Variational Omni XAU	+0.0116%	4h	$47.5M	$41.7M	—	as long as short
Bybit XAUUSDTlong	+0.0121%	4h	$82.5M	$99.2M	150x
MEXC XAU_USDT	+0.0124%	4h	$369.2M	$316.4M	1000x	as long as short
Binance XAUUSDT	+0.0127%	4h	$437.8M	$1.41B	100x	as long as short
edgeX XAUUSDC	+0.0133%	4h	$30.3M	$38.0M	50x	as long as short
Hotstuff GOLD-PERP	+0.0136%	1h	$33K	—	25x	as long as short
Lighter RH XAU	+0.0160%	1h	$20.2M	$34.0M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0190%	1h	$4.0M	$1.5M	20x	as long as short
Bitget XAUUSDT	+0.0192%	4h	$67.4M	$67.7M	100x	as long as short
Bullet GOLD-USD	+0.0206%	1h	$59K	$78K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0233%	1h	$587K	$98K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0305%	8h	$153.3M	$191.4M	100x	as long as short
RISEx XAU/USDC	+0.0322%	1h	$4.1M	$10.3M	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0346% / S −0.0155%	1h	$220K	—	111x	as long as short
BloFin XAU-USDT	+0.0365%	4h	$14.8M	$2.4M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0370%	1h	$264K	$785K	25x	as long as short
HTX XAU-USDT	+0.0401%	4h	$2.4M	$1.2M	75x	as long as short
Phemex XAUUSDTshort	+0.1240%	4h	$2.2M	$707K	100x