Funding you earn now, next payment 05:00 UTC−0.0069%/8h= −7.5% APRnext payment −$0.09 per $10,000 · paid last 24h −0.026%
Price spread now: gTrade (Gains Network) against Coinbase International+0.014%7-day average −0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$274as in the Price arb table
costs, in and out, $10k−$2792.788% of the position
Funding, last 3 days (all we have)−0.485%−$49 on $10k
+Price spread, last 4 days (all we have)−0.083%−$8 · spread now +0.014%, 7d avg −0.031%
=The price spread pays, funding is against you. gTrade (Gains Network) is 0.045% dearer against Coinbase International than usual: you sell high and buy low (spread +0.014% now, against its 7-day average of −0.031%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.2 days. At the pace of the last 3 days (−0.485% in total) that is about 8 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International GOLD-PERP-INTX | 4,330 | 0.0072 | pay 0.0009% / 1h | 9m 00s | $2.0M | $4.8M | 25x |
| Short | gTrade (Gains Network) XAU/USD | 4,330.6 | L +0.0002% / S −0.0003% | get 0.0000% / 1h | 9m 00s | $271K | — | 250x |
Coinbase International GOLD-PERP-INTX
gTrade (Gains Network) XAU/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against Coinbase International. 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
- −$14.47
- Price spread: +0.014% → −0.031%
- $4.53
- Slippage, 4 orders
- −$261.8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee gTrade (Gains Network): 3.5 bp × 2 orders
- −$7
- Net
- −$288.74
- Costs to cover
- 2.788%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 5 min ago; gTrade (Gains Network): virtual book (oracle venue), 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 Coinbase International live order book, 5 min ago | 0.12 bp | 6.4 bp −$6 | 8.2 bp −$82 | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 5 min ago | 130.01 bp | 133.5 bp −$134 | 243.0 bp −$2,430 | 1975.4 bp −$197.5K | 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 | −0.0052% | 1h | 4,327.8 | −0.052% | $25K | $14K | 20x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,338.3 | +0.191% | $92K | $8.1M | 20x | as long as short |
| gTrade (Gains Network) XAU/USDshort | L +0.0002% / S −0.0003% | 1h | 4,330.6 | +0.014% | $271K | — | 250x | |
| Bybit XAUUSDT | +0.0006% | 4h | 4,334.7 | +0.108% | $78.4M | $156.7M | 150x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,329.8 | −0.005% | $13.1M | $36.8M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.472% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,333.7 | +0.085% | $3.8M | $4.5M | 40x | as long as short |
| QFEX GOLD-USD | +0.0044% | 1h | 4,332.7 | +0.062% | $5.5M | $2.1M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,367 | +0.855% | — | $1.0M | 25x | as long as short |
| Lighter XAU | +0.0048% | 1h | 4,332.1 | +0.048% | $20.4M | $31.8M | 25x | as long as short |
Bluefin GOLD-PERP
SunX XAU-USDT
Bybit XAUUSDT
Extended XAU-USD
Injective XAU/USDC PERP
StandX XAU-USD
QFEX GOLD-USD
Vest GC-PERP
Lighter XAUShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,329.5 | −0.012% | $292.0M | $51.6M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,330.4 | +0.009% | $15.0M | $56.5M | 25x | as long as short |
| RISEx XAU/USDC | +0.0054% | 1h | 4,335.5 | +0.126% | $3.8M | $12.5M | 25x | as long as short |
| Kalshi KXGOLDPERP | +0.0063% | 24h | 4,334.8 | +0.111% | $4.0M | $42.2M | 15x | as long as short |
| Gate XAU_USDT | +0.0064% | 4h | 4,334.1 | +0.096% | $272.5M | $417.1M | 100x | as long as short |
| Lighter RH XAU | +0.0072% | 1h | 4,334.3 | +0.100% | $19.9M | $39.0M | 25x | as long as short |
| Coinbase International GOLD-PERP-INTXlong | +0.0072% | 1h | 4,330 | long leg | $2.0M | $4.8M | 25x | |
| Paradex XAU-USD-PERP | +0.0072% | 8h | 4,334.2 | +0.097% | $19K | $5K | 5x | as long as short |
| Aster XAUUSD1 | +0.0097% | 4h | 4,334.4 | +0.101% | $72.3M | $330.2M | 20x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,330.5 | +0.012% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,330 | 0.000% | $273K | $208K | 50x | as long as short |
| Variational Omni XAU | +0.0101% | 4h | 4,331.5 | +0.034% | $46.8M | $28.6M | — | as long as short |
| Hotstuff GOLD-PERP | +0.0104% | 1h | 4,331.4 | +0.032% | $32K | — | 25x | as long as short |
| GRVT XAU_USDT_Perp | +0.0104% | 4h | 4,333.5 | +0.080% | $1.4M | $3.0M | 25x | as long as short |
| MEXC XAU_USDT | +0.0110% | 4h | 4,333.1 | +0.072% | $364.0M | $330.8M | 1000x | as long as short |
| Binance XAUUSDT | +0.0111% | 4h | 4,333.5 | +0.080% | $414.7M | $2.12B | 100x | as long as short |
| Aevo XAU-PERP | +0.0112% | 1h | 4,333.3 | +0.076% | $160K | $87 | 10x | as long as short |
| edgeX XAUUSDC | +0.0126% | 4h | 4,327.8 | −0.051% | $30.1M | $60.3M | 50x | as long as short |
| Phoenix GOLD | +0.0127% | 1h | 4,326.6 | −0.079% | $47K | $77K | 25x | as long as short |
| Bullet GOLD-USD | +0.0160% | 1h | 4,334.7 | +0.108% | $58K | $82K | 10x | as long as short |
| Polymarket Perps GOLD-USD | +0.0177% | 1h | 4,334.4 | +0.102% | $4.2M | $2.0M | 20x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0212% | 1h | 4,332.5 | +0.058% | $195K | $827K | 25x | as long as short |
| HTX XAU-USDT | +0.0233% | 4h | 4,336.9 | +0.160% | $2.8M | $5.0M | 75x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0247% | 1h | 4,331 | +0.022% | $590K | $130K | 25x | as long as short |
| Bitget XAUUSDT | +0.0254% | 4h | 4,333.6 | +0.083% | $68.1M | $119.0M | 100x | as long as short |
| OKX XAU-USDT-SWAP | +0.0331% | 8h | 4,333.4 | +0.079% | $170.6M | $297.5M | 100x | as long as short |
| BloFin XAU-USDT | +0.0357% | 4h | 4,333.3 | +0.077% | $16.0M | $4.5M | 100x | as long as short |
| Phemex XAUUSDT | +0.0381% | 4h | 4,335.2 | +0.119% | $2.2M | $962K | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0460% / S −0.0303% | 1h | 4,334.7 | +0.108% | $253K | — | 111x | as long as short |
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
RISEx XAU/USDC
Kalshi KXGOLDPERP
Gate XAU_USDT
Lighter RH XAU
Paradex XAU-USD-PERP
Aster XAUUSD1
Pacifica XAU
ApeX Omni XAUUSDT
Variational Omni XAU
Hotstuff GOLD-PERP
GRVT XAU_USDT_Perp
MEXC XAU_USDT
Binance XAUUSDT
Aevo XAU-PERP
edgeX XAUUSDC
Phoenix GOLD
Bullet GOLD-USD
Polymarket Perps GOLD-USD
Deribit GOLD_USDC-PERPETUAL
HTX XAU-USDT
Kraken Futures PF_XAUUSD
Bitget XAUUSDT
OKX XAU-USDT-SWAP
BloFin XAU-USDT
Phemex XAUUSDT
GMX GOLD/USD [ETH-USDC]