XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0217%/8h= +23.8% APRnext payment +$1.08 per $10,000 · paid last 24h +0.105%

Price spread now: Phemex against edgeX+0.032%7-day average +0.195% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$750.746% of the position

Long on edgeX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.220%+$22 on $10k

Price spread, last 3 days (all we have)+0.252%+$25 · spread now +0.032%, 7d avg +0.195%

Together, before fees+0.473%+ Points / potential airdropedgeX: Active · farm board+$47 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phemex is 0.163% cheaper against edgeX than usual: you would sell low and buy high (spread +0.032% now, against its 7-day average of +0.195%). If the spread goes back, that is −$16 on $10k: about 2.5 days of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.220% in total) that is about 5.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XAUUSDC	4,348.4	0.0136	pay 0.0068% / 4h	1h 48m	$30.3M	$58.7M	50x
Short	Phemex XAUUSDT	4,349.8	0.0353	get 0.0176% / 4h	1h 48m	$2.2M	$1.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against edgeX. 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 edgeXbpFee PhemexbpOrdersPrice spread, now +0.032%Rate

Funding earned: $45.55
Price spread: +0.032% → +0.195%: −$16.3
Slippage, 4 orders: −$53.59
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$45.33
Costs to cover: 0.746%
Break-even: 14.0 days

Slippage from edgeX: live order book, 5 min ago; Phemex: live order book, 4 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 edgeX live order book, 5 min ago	0.34 bp	4.8 bp −$5	5.0 bp −$50	8.2 bp −$818	35.1 bp −$17.5K
Sell Phemex live order book, 4 min ago	2.12 bp	33.2 bp −$33	doesn't fit	doesn't fit	doesn't fit

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	−0.146%	$25K	$14K	20x	as long as short
Hotstuff GOLD-PERP	−0.0032%	1h	4,344.6	−0.088%	$33K	—	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,348.5	+0.002%	$264.3M	$406.3M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,351.5	+0.070%	$92K	$9.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,342.5	−0.135%	$269K	—	250x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,347.5	−0.020%	$3.4M	$12.4M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,342.3	−0.140%	$13.6M	$40.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.046%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0037%	24h	4,345.3	−0.072%	$4.1M	$36.2M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,349.3	+0.020%	$3.8M	$4.6M	40x	as long as short

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	+0.731%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,346.7	−0.039%	$5.6M	$1.9M	20x	as long as short
Lighter XAU	+0.0048%	1h	4,345.2	−0.075%	$20.6M	$41.9M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,346.7	−0.039%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,344.7	−0.085%	$293.2M	$48.7M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,343.8	−0.106%	$15.1M	$57.8M	25x	as long as short
Aster XAUUSD1	+0.0056%	4h	4,347.9	−0.012%	$70.0M	$330.9M	20x	as long as short
Lighter RH XAU	+0.0080%	1h	4,347.7	−0.016%	$20.1M	$39.3M	25x	as long as short
Paradex XAU-USD-PERP	+0.0085%	8h	4,347.2	−0.027%	$19K	$5K	5x	as long as short
Pacifica XAU	+0.0100%	1h	4,344.2	−0.097%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,350.6	+0.051%	$275K	$203K	50x	as long as short
Variational Omni XAU	+0.0102%	4h	4,347.9	−0.012%	$48.3M	$27.9M	—	as long as short
Binance XAUUSDT	+0.0108%	4h	4,347	−0.032%	$410.0M	$2.10B	100x	as long as short
Polymarket Perps GOLD-USD	+0.0109%	1h	4,345.9	−0.058%	$4.3M	$1.9M	20x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,346.9	−0.036%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0114%	4h	4,346.8	−0.037%	$371.0M	$316.4M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0118%	4h	4,349.4	+0.024%	$1.4M	$3.0M	25x	as long as short
edgeX XAUUSDClong	+0.0136%	4h	4,348.4	long leg	$30.3M	$58.7M	50x
Phoenix GOLD	+0.0136%	1h	4,347.8	−0.014%	$47K	$77K	25x	as long as short
Bullet GOLD-USD	+0.0201%	1h	4,347	−0.033%	$58K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0202%	4h	4,348.1	−0.007%	$84.3M	$145.2M	150x	as long as short
Bitget XAUUSDT	+0.0210%	4h	4,346.8	−0.038%	$69.6M	$109.2M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0249%	8h	4,347.8	−0.014%	$164.4M	$282.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0270%	1h	4,344	−0.102%	$593K	$133K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0280%	1h	4,345.1	−0.076%	$259K	$703K	25x	as long as short
Phemex XAUUSDTshort	+0.0353%	4h	4,349.8	+0.032%	$2.2M	$1.1M	100x
GMX GOLD/USD [ETH-USDC]	L +0.0399% / S −0.0208%	1h	4,347	−0.033%	$251K	—	111x	as long as short
HTX XAU-USDT	+0.0593%	4h	4,353.1	+0.107%	$2.8M	$4.2M	75x	as long as short