XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0095%/8h= −10.4% APRnext payment −$0.47 per $10,000 · paid last 24h +0.021%

Price spread now: Bybit against Gate−0.009%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$260.263% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.105%+$10 on $10k

Price spread, last 7 days−0.021%−$2 · spread now −0.009%, 7d avg −0.008%

Together, before fees+0.083%+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.105%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAU_USDT	4,325.6	0.0118	pay 0.0059% / 4h	1h 14m	$280.3M	$422.6M	100x
Short	Bybit XAUUSDT	4,325.3	0.0023	get 0.0012% / 4h	1h 14m	$77.3M	$154.4M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now −0.009%Rate

Funding earned: −$19.94
Price spread: −0.009% → −0.008%: −$0.11
Slippage, 4 orders: −$0.32
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$46.38
Costs to cover: 0.263%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Bybit: 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 Gate live order book, 4 min ago	0.01 bp	7.5 bp −$8	8.4 bp −$84	12.3 bp −$1,229	14.3 bp −$7,128
Sell Bybit live order book, 4 min ago	0.01 bp	5.8 bp −$6	6.7 bp −$67	10.7 bp −$1,065	35.2 bp −$17.6K

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
Bluefin GOLD-PERP	−0.0065%	1h	4,317	−0.199%	$25K	$1K	20x	as long as short
Hotstuff GOLD-PERP	−0.0024%	1h	4,319.6	−0.140%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,328.2	+0.059%	$92K	$7.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,319.3	−0.146%	$270K	—	250x	as long as short
Bybit XAUUSDTshort	+0.0023%	4h	4,325.3	−0.009%	$77.3M	$154.4M	150x
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.573%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,323.4	−0.052%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,322	−0.084%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,355.8	+0.697%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,320.7	−0.114%	$291.6M	$51.3M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,319.5	−0.142%	$15.0M	$55.5M	25x	as long as short
Aster XAUUSD1	+0.0063%	4h	4,326.4	+0.017%	$72.6M	$274.4M	20x	as long as short
Lighter XAU	+0.0072%	1h	4,323.2	−0.056%	$20.3M	$30.7M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,320.6	−0.117%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0078%	8h	4,322.6	−0.071%	$2K	$14K	5x	as long as short
Kalshi KXGOLDPERP	+0.0080%	24h	4,324.5	−0.026%	$3.8M	$43.9M	15x	as long as short
GRVT XAU_USDT_Perp	+0.0090%	4h	4,323.2	−0.056%	$1.4M	$3.0M	25x	as long as short
Variational Omni XAU	+0.0094%	4h	4,322.5	−0.073%	$47.3M	$28.7M	—	as long as short
Phoenix GOLD	+0.0100%	1h	4,321.6	−0.093%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,319.6	−0.140%	$1.4M	$1.2M	10x	as long as short
MEXC XAU_USDT	+0.0100%	4h	4,324.5	−0.027%	$374.1M	$333.3M	1000x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,319.6	−0.140%	$272K	$208K	50x	as long as short
Binance XAUUSDT	+0.0101%	4h	4,324.3	−0.030%	$423.1M	$2.14B	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,322.8	−0.066%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0109%	4h	4,319.6	−0.140%	$30.1M	$60.1M	50x	as long as short
Lighter RH XAU	+0.0112%	1h	4,325.6	0.000%	$19.9M	$39.3M	25x	as long as short
Gate XAU_USDTlong	+0.0118%	4h	4,325.6	long leg	$280.3M	$422.6M	100x
Extended XAU-USD	+0.0128%	1h	4,320.3	−0.122%	$12.9M	$37.0M	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0153%	1h	4,320.8	−0.111%	$578K	$146K	25x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,326	+0.007%	$4.1M	$12.8M	25x	as long as short
Bullet GOLD-USD	+0.0186%	1h	4,324.5	−0.026%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0216%	1h	4,323.9	−0.040%	$4.3M	$1.9M	20x	as long as short
Bitget XAUUSDT	+0.0220%	4h	4,324	−0.038%	$67.5M	$118.3M	100x	as long as short
HTX XAU-USDT	+0.0272%	4h	4,327.6	+0.046%	$3.0M	$5.4M	75x	as long as short
OKX XAU-USDT-SWAP	+0.0301%	8h	4,325.1	−0.012%	$172.7M	$300.0M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0305%	1h	4,322.9	−0.063%	$191K	$838K	25x	as long as short
Phemex XAUUSDT	+0.0329%	4h	4,326.5	+0.019%	$2.2M	$967K	100x	as long as short
BloFin XAU-USDT	+0.0341%	4h	4,324.6	−0.025%	$16.2M	$4.6M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,323.7	−0.045%	$252K	—	111x	as long as short