XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0037%/8h= +4.1% APRnext payment +$0.05 per $10,000 · paid last 24h +0.002%

Price spread now: Kraken Futures against Deribit−0.025%7-day average +0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$290.288% of the position

Long on Deribit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.572%−$57 on $10k

Price spread, last 4 days (all we have)+0.092%+$9 · spread now −0.025%, 7d avg +0.041%

Together, before fees−0.480%−$48 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.067% cheaper against Deribit than usual: you would sell low and buy high (spread −0.025% now, against its 7-day average of +0.041%). If the spread goes back, that is −$7 on $10k: about 6.0 days of funding at the current rate (+$1 a day). Mind the row above: over the last 4 days funding on this pair cost −0.572%, 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	Deribit GOLD_USDC-PERPETUAL	4,305.2	0.0192	pay 0.0024% / 1h	3m 25s	$136K	$865K	25x
Short	Kraken Futures PF_XAUUSD	4,304.1	0.0229	get 0.0029% / 1h	3m 25s	$572K	$138K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Deribit. 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 DeribitbpFee Kraken FuturesbpOrdersPrice spread, now −0.025%Rate

Funding earned: $7.8
Price spread: −0.025% → +0.041%: −$6.67
Slippage, 4 orders: −$11.76
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$27.63
Costs to cover: 0.288%
Break-even: 31.8 days

Slippage from Deribit: live order book, 35 min ago; Kraken Futures: live order book, 35 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 Deribit live order book, 35 min ago	0.12 bp	3.6 bp −$4	4.8 bp −$48	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 35 min ago	2.53 bp	8.3 bp −$8	17.4 bp −$174	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	4,310.6	+0.126%	$92K	$7.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,303	−0.051%	$268K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+1.050%	$619	$54	52x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,305.2	0.000%	$6.6M	$3.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,338.8	+0.780%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,303.4	−0.042%	$289.7M	$52.9M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,303.6	−0.037%	$15.0M	$55.2M	25x	as long as short
Aster XAUUSD1	+0.0057%	4h	4,309	+0.089%	$72.8M	$271.9M	20x	as long as short
Paradex XAU-USD-PERP	+0.0062%	8h	4,306.1	+0.021%	$2K	$14K	5x	as long as short
Bybit XAUUSDT	+0.0071%	4h	4,307.5	+0.053%	$77.2M	$155.6M	150x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XAU	+0.0072%	1h	4,305.3	+0.002%	$20.2M	$30.2M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,303.4	−0.042%	$2.0M	$5.1M	25x	as long as short
Bluefin GOLD-PERP	+0.0082%	1h	4,302.1	−0.073%	$25K	$1K	20x	as long as short
Phoenix GOLD	+0.0096%	1h	4,305.5	+0.007%	$42K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,303	−0.051%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,304	−0.029%	$269K	$214K	50x	as long as short
Kalshi KXGOLDPERP	+0.0100%	24h	4,308.3	+0.072%	$3.7M	$45.5M	15x	as long as short
Variational Omni XAU	+0.0101%	4h	4,306.5	+0.031%	$46.7M	$29.3M	—	as long as short
Lighter RH XAU	+0.0104%	1h	4,307.9	+0.062%	$19.9M	$40.3M	25x	as long as short
Extended XAU-USD	+0.0104%	1h	4,302.2	−0.069%	$13.1M	$36.7M	25x	as long as short
MEXC XAU_USDT	+0.0110%	4h	4,307.1	+0.045%	$365.6M	$342.8M	1000x	as long as short
Binance XAUUSDT	+0.0112%	4h	4,307.3	+0.049%	$429.0M	$2.16B	100x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,306.1	+0.020%	$159K	$87	10x	as long as short
GRVT XAU_USDT_Perp	+0.0114%	4h	4,308	+0.064%	$1.4M	$3.0M	25x	as long as short
Gate XAU_USDT	+0.0118%	4h	4,308.4	+0.075%	$287.6M	$432.5M	100x	as long as short
Hotstuff GOLD-PERP	+0.0120%	1h	4,303.9	−0.030%	$32K	—	25x	as long as short
edgeX XAUUSDC	+0.0130%	4h	4,304.2	−0.024%	$29.9M	$60.3M	50x	as long as short
StandX XAU-USD	+0.0161%	1h	4,309.9	+0.109%	$3.8M	$4.5M	40x	as long as short
Deribit GOLD_USDC-PERPETUALlong	+0.0192%	1h	4,305.2	long leg	$136K	$865K	25x
Bitget XAUUSDT	+0.0192%	4h	4,307.1	+0.045%	$70.5M	$121.8M	100x	as long as short
Bullet GOLD-USD	+0.0199%	1h	4,307	+0.042%	$59K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0222%	1h	4,307.2	+0.046%	$4.3M	$1.8M	20x	as long as short
Kraken Futures PF_XAUUSDshort	+0.0229%	1h	4,304.1	−0.025%	$572K	$138K	25x
OKX XAU-USDT-SWAP	+0.0259%	8h	4,306	+0.019%	$173.3M	$311.4M	100x	as long as short
BloFin XAU-USDT	+0.0369%	4h	4,306.5	+0.029%	$16.6M	$5.0M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0464% / S −0.0311%	1h	4,306.5	+0.031%	$253K	—	111x	as long as short
Phemex XAUUSDT	+0.0497%	4h	4,311.4	+0.143%	$2.2M	$951K	100x	as long as short
HTX XAU-USDT	+0.0545%	4h	4,312.6	+0.173%	$3.2M	$6.1M	75x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,307.4	+0.052%	$4.5M	$13.1M	25x	as long as short