XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0221%/8h= +24.2% APRnext payment +$0.28 per $10,000 · paid last 24h +0.059%

Price spread now: Kraken Futures against Coinbase International+0.007%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$290.295% of the position

Long on Coinbase International Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.200%−$20 on $10k

Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.007%, 7d avg +0.033%

Together, before fees−0.198%−$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.026% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.007% now, against its 7-day average of +0.033%). If the spread goes back, that is −$3 on $10k: about 10 hours of funding at the current rate (+$7 a day). Mind the row above: over the last 7 days funding on this pair cost −0.200%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International GOLD-PERP-INTX	4,354.9	0.0048	pay 0.0006% / 1h	24m 58s	$2.0M	$4.9M	25x
Short	Kraken Futures PF_XAUUSD	4,355.2	0.0269	get 0.0034% / 1h	24m 58s	$594K	$133K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 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 Coinbase InternationalbpFee Kraken FuturesbpOrdersPrice spread, now +0.007%Rate

Funding earned: $46.43
Price spread: +0.007% → +0.033%: −$2.64
Slippage, 4 orders: −$9.47
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $14.31
Costs to cover: 0.295%
Break-even: 4.8 days

Slippage from Coinbase International: live order book, 4 min ago; Kraken Futures: live order book, 38 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, 4 min ago	0.12 bp	6.5 bp −$6	8.5 bp −$85	47.5 bp −$4,753	doesn't fit
Sell Kraken Futures live order book, 38 min ago	2.06 bp	9.7 bp −$10	17.7 bp −$177	doesn't fit	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
SunX XAU-USDT	0.0000%	4h	4,362.7	+0.179%	$93K	$9.2M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,354.4	−0.011%	$267K	—	250x	as long as short
Gate XAU_USDT	+0.0008%	4h	4,359.7	+0.111%	$264.7M	$412.9M	100x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,357.7	+0.065%	$3.4M	$12.4M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,354.7	−0.006%	$13.6M	$38.9M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.103%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0039%	24h	4,355.7	+0.018%	$4.1M	$37.0M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,356.7	+0.041%	$3.8M	$4.6M	40x	as long as short
Aster XAUUSD1	+0.0043%	4h	4,358.9	+0.092%	$70.5M	$334.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,391.4	+0.838%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USD	+0.0046%	1h	4,355.8	+0.021%	$5.6M	$1.9M	20x	as long as short
Coinbase International GOLD-PERP-INTXlong	+0.0048%	1h	4,354.9	long leg	$2.0M	$4.9M	25x
tradeXYZ xyz:GOLD	+0.0050%	1h	4,354.8	−0.002%	$294.2M	$48.8M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,354.4	−0.012%	$15.1M	$57.3M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0054%	4h	4,357.1	+0.050%	$1.4M	$3.0M	25x	as long as short
Lighter XAU	+0.0056%	1h	4,357.5	+0.060%	$20.7M	$42.3M	25x	as long as short
Variational Omni XAU	+0.0057%	4h	4,355.6	+0.017%	$48.3M	$27.9M	—	as long as short
Lighter RH XAU	+0.0064%	1h	4,360.4	+0.125%	$20.2M	$39.7M	25x	as long as short
MEXC XAU_USDT	+0.0074%	4h	4,358.4	+0.080%	$372.5M	$318.8M	1000x	as long as short
Binance XAUUSDT	+0.0074%	4h	4,358.7	+0.088%	$412.1M	$2.10B	100x	as long as short
Paradex XAU-USD-PERP	+0.0081%	8h	4,357.8	+0.066%	$19K	$5K	5x	as long as short
edgeX XAUUSDC	+0.0093%	4h	4,349.4	−0.126%	$30.3M	$58.3M	50x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,356.7	+0.042%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,354.4	−0.012%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,353.9	−0.023%	$275K	$203K	50x	as long as short
Phemex XAUUSDT	+0.0122%	4h	4,359.2	+0.098%	$2.2M	$1.1M	100x	as long as short
Polymarket Perps GOLD-USD	+0.0126%	1h	4,357.8	+0.067%	$4.3M	$1.9M	20x	as long as short
Phoenix GOLD	+0.0136%	1h	4,350.3	−0.106%	$47K	$77K	25x	as long as short
Bybit XAUUSDT	+0.0199%	4h	4,360.6	+0.130%	$84.5M	$145.8M	150x	as long as short
Bullet GOLD-USD	+0.0202%	1h	4,358.2	+0.076%	$60K	$83K	10x	as long as short
Hotstuff GOLD-PERP	+0.0208%	1h	4,352.9	−0.046%	$33K	—	25x	as long as short
Bitget XAUUSDT	+0.0212%	4h	4,358.6	+0.084%	$70.2M	$109.4M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0253%	8h	4,359.8	+0.113%	$165.2M	$282.8M	100x	as long as short
Kraken Futures PF_XAUUSDshort	+0.0269%	1h	4,355.2	+0.007%	$594K	$133K	25x
BloFin XAU-USDT	+0.0296%	4h	4,356.2	+0.030%	$15.5M	$4.6M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0301%	1h	4,357.6	+0.062%	$278K	$727K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0401% / S −0.0213%	1h	4,358.4	+0.080%	$249K	—	111x	as long as short
Bluefin GOLD-PERP	+0.0519%	1h	4,350.2	−0.107%	$25K	$14K	20x	as long as short
HTX XAU-USDT	+0.0567%	4h	4,363.2	+0.191%	$2.9M	$4.2M	75x	as long as short