XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0240%/8h= −26.2% APRnext payment −$0.30 per $10,000 · paid last 24h −0.051%

Price spread now: StandX against Deribit+0.097%7-day average +0.126% · 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−$27as in the Price arb table

costs, in and out, $10k−$240.241% of the position

Long on Deribit Short on StandX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.704%−$70 on $10k

Price spread, last 3 days (all we have)+0.027%+$3 · spread now +0.097%, 7d avg +0.126%

Together, before fees−0.678%+ Points / potential airdropStandX: Active · farm board−$68 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and StandX is 0.029% cheaper against Deribit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.126%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit GOLD_USDC-PERPETUAL	4,345.1	0.0280	pay 0.0035% / 1h	49m 15s	$259K	$703K	25x
Short	StandX XAU-USD	4,349.3	0.0040	get 0.0005% / 1h	49m 15s	$3.8M	$4.6M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.097%Rate

Funding earned: −$50.32
Price spread: +0.097% → +0.126%: −$2.89
Slippage, 4 orders: −$9.1
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee StandX: 4 bp × 2 orders: −$8
Net: −$77.3
Costs to cover: 0.241%
Break-even: never at this rate

Slippage from Deribit: live order book, 15 min ago; StandX: live order book, 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 Deribit live order book, 15 min ago	0.12 bp	5.9 bp −$6	9.6 bp −$96	doesn't fit	doesn't fit
Sell StandX live order book, 5 min ago	1.84 bp	7.9 bp −$8	9.2 bp −$92	10.0 bp −$996	10.9 bp −$5,444

XAU on 38 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	−0.0050%	1h	4,342.1	−0.070%	$25K	$14K	20x	as long as short
Hotstuff GOLD-PERP	−0.0032%	1h	4,344.6	−0.012%	$33K	—	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,348.6	+0.081%	$264.0M	$406.1M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,351.5	+0.147%	$92K	$9.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,342.5	−0.059%	$269K	—	250x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,347.5	+0.056%	$3.4M	$12.4M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,342.5	−0.061%	$13.6M	$40.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.122%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0037%	24h	4,345.3	+0.005%	$4.1M	$36.2M	15x	as long as short
StandX XAU-USDshort	+0.0040%	1h	4,349.3	+0.097%	$3.8M	$4.6M	40x

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,380.2	+0.808%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,346.7	+0.037%	$5.6M	$1.9M	20x	as long as short
Lighter XAU	+0.0048%	1h	4,345.2	+0.001%	$20.6M	$41.9M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,346.7	+0.037%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,344.3	−0.018%	$293.2M	$48.7M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,343.8	−0.030%	$15.1M	$57.8M	25x	as long as short
Aster XAUUSD1	+0.0056%	4h	4,347.4	+0.052%	$70.0M	$330.5M	20x	as long as short
Lighter RH XAU	+0.0080%	1h	4,347.7	+0.060%	$20.1M	$39.3M	25x	as long as short
Paradex XAU-USD-PERP	+0.0085%	8h	4,347.2	+0.049%	$19K	$5K	5x	as long as short
Pacifica XAU	+0.0100%	1h	4,344.2	−0.021%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,350.6	+0.127%	$275K	$203K	50x	as long as short
Variational Omni XAU	+0.0102%	4h	4,347.9	+0.064%	$48.3M	$27.9M	—	as long as short
Binance XAUUSDT	+0.0108%	4h	4,346.5	+0.033%	$410.0M	$2.10B	100x	as long as short
Polymarket Perps GOLD-USD	+0.0109%	1h	4,345.9	+0.018%	$4.3M	$1.9M	20x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,346.9	+0.041%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0114%	4h	4,347	+0.043%	$370.7M	$316.3M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0118%	4h	4,349.4	+0.100%	$1.4M	$3.0M	25x	as long as short
edgeX XAUUSDC	+0.0136%	4h	4,348.4	+0.076%	$30.3M	$58.7M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,347.8	+0.062%	$47K	$77K	25x	as long as short
Bullet GOLD-USD	+0.0201%	1h	4,347	+0.043%	$58K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0202%	4h	4,347.6	+0.056%	$84.1M	$145.2M	150x	as long as short
Bitget XAUUSDT	+0.0210%	4h	4,347	+0.043%	$69.6M	$109.2M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0249%	8h	4,347.8	+0.062%	$164.4M	$282.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0270%	1h	4,344	−0.025%	$593K	$133K	25x	as long as short
Deribit GOLD_USDC-PERPETUALlong	+0.0280%	1h	4,345.1	long leg	$259K	$703K	25x
Phemex XAUUSDT	+0.0353%	4h	4,349.8	+0.108%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0399% / S −0.0208%	1h	4,347	+0.043%	$251K	—	111x	as long as short
HTX XAU-USDT	+0.0593%	4h	4,353.1	+0.184%	$2.8M	$4.2M	75x	as long as short