XAU

Alert

Funding spread now, next payment 17:00 UTC−0.0132%/8h

next payment, per $10,000−$0.17paid, last 24h−0.106%paid, last 3 days−0.494%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit GOLD_USDC-PERPETUAL	4,344.4	0.0234	pay 0.0029% / 1h	28m 13s	$223K	$991K	25x
Short	Phoenix GOLD	4,344	0.0101	get 0.0013% / 1h	28m 13s	$43K	$65K	25x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee PhoenixbpOrdersRate

Funding earned: −$27.79
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$41.79
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 42 min ago; Phoenix: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.009%
Avg gap 7d: —

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 Deribit live order book, 42 min ago	0.12 bp	3.6 bp −$4	4.9 bp −$49	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

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 38 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
RISEx XAU/USDC	0.0000%	1h	$3.7M	$13.0M	25x	as long as short
SunX XAU-USDT	0.0000%	4h	$92K	$11.2M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	$266K	—	250x	as long as short
Gate XAU_USDT	+0.0018%	4h	$273.2M	$392.9M	100x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	$3.8M	$2.6M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	—	$974K	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	$294.2M	$60.9M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	$14.7M	$47.0M	25x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kalshi KXGOLDPERP	+0.0053%	24h	$4.2M	$30.2M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	$1.9M	$5.1M	25x	as long as short
Extended XAU-USD	+0.0064%	1h	$13.3M	$51.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0066%	8h	$19K	$6K	5x	as long as short
Hotstuff GOLD-PERP	+0.0072%	1h	$33K	—	25x	as long as short
Bybit XAUUSDT	+0.0079%	4h	$82.9M	$135.1M	150x	as long as short
Lighter XAU	+0.0080%	1h	$20.6M	$44.6M	25x	as long as short
Aster XAUUSD1	+0.0100%	4h	$69.5M	$240.1M	20x	as long as short
Pacifica XAU	+0.0100%	1h	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	$273K	$203K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	$26K	$23K	20x	as long as short
Phoenix GOLDshort	+0.0101%	1h	$43K	$65K	25x
Bullet GOLD-USD	+0.0103%	1h	$58K	$78K	10x	as long as short
Variational Omni XAU	+0.0105%	4h	$48.1M	$41.2M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0122%	4h	$377.9M	$361.2M	1000x	as long as short
Binance XAUUSDT	+0.0123%	4h	$417.8M	$2.05B	100x	as long as short
edgeX XAUUSDC	+0.0127%	4h	$30.3M	$56.8M	50x	as long as short
Lighter RH XAU	+0.0128%	1h	$20.0M	$41.3M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0147%	1h	$4.2M	$2.1M	20x	as long as short
Deribit GOLD_USDC-PERPETUALlong	+0.0234%	1h	$223K	$991K	25x
Bitget XAUUSDT	+0.0234%	4h	$69.3M	$106.2M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0237%	8h	$157.0M	$263.5M	100x	as long as short
Phemex XAUUSDT	+0.0246%	4h	$2.2M	$1.0M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0252%	1h	$587K	$109K	25x	as long as short
HTX XAU-USDT	+0.0270%	4h	$2.4M	$2.4M	75x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0375% / S −0.0194%	1h	$221K	—	111x	as long as short
BloFin XAU-USDT	+0.0395%	4h	$15.0M	$4.2M	100x	as long as short