XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0345%/8h= −37.8% APRnext payment −$1.73 per $10,000 · paid last 24h −0.025%

Price spread now: Bybit against HTX−0.063%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$280.277% of the position

Long on HTX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 3 days (all we have)+0.047%+$5 · spread now −0.063%, 7d avg −0.032%

Together, before fees+0.038%+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Bybit is 0.031% cheaper against HTX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.032%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.008% in total (about -0.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.73 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAU-USDT	4,362	0.0528	pay 0.0264% / 4h	2h 39m	$2.9M	$3.9M	75x
Short	Bybit XAUUSDT	4,359.3	0.0183	get 0.0092% / 4h	2h 39m	$84.2M	$143.5M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against HTX. 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 HTXbpFee BybitbpOrdersPrice spread, now −0.063%Rate

Funding earned: −$72.54
Price spread: −0.063% → −0.032%: −$3.14
Slippage, 4 orders: −$4.73
Fee HTX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$103.41
Costs to cover: 0.277%
Break-even: never at this rate

Slippage from HTX: live order book, 5 min ago; Bybit: 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 HTX live order book, 5 min ago	0.01 bp	8.1 bp −$8	10.3 bp −$103	18.9 bp −$1,892	doesn't fit
Sell Bybit live order book, 5 min ago	0.01 bp	5.6 bp −$6	6.7 bp −$67	15.2 bp −$1,515	42.1 bp −$21.0K

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	−0.0325%	1h	4,350.7	−0.259%	$25K	$14K	20x	as long as short
Hotstuff GOLD-PERP	−0.0024%	1h	4,354.2	−0.179%	$33K	—	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,358.7	−0.076%	$69.7M	$287.3M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,359.8	−0.052%	$263.2M	$407.4M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,355.5	−0.149%	$4.1M	$36.5M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,362.4	+0.008%	$93K	$9.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,354.6	−0.171%	$270K	—	250x	as long as short
Extended XAU-USD	+0.0032%	1h	4,354.4	−0.175%	$13.6M	$43.0M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.266%	$619	$54	52x	as long as short
Lighter XAU	+0.0040%	1h	4,357.2	−0.111%	$20.7M	$43.5M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAU-USD	+0.0040%	1h	4,357.7	−0.099%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,391.2	+0.669%	—	$1.0M	25x	as long as short
Lighter RH XAU	+0.0048%	1h	4,359.6	−0.056%	$20.1M	$40.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,355.3	−0.154%	$294.1M	$48.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,354.3	−0.177%	$15.0M	$57.7M	25x	as long as short
QFEX GOLD-USD	+0.0051%	1h	4,356.4	−0.129%	$5.6M	$1.9M	20x	as long as short
Variational Omni XAU	+0.0061%	4h	4,355.7	−0.145%	$48.3M	$28.4M	—	as long as short
Polymarket Perps GOLD-USD	+0.0061%	1h	4,356.8	−0.120%	$4.3M	$1.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,354.8	−0.166%	$2.0M	$5.0M	25x	as long as short
MEXC XAU_USDT	+0.0082%	4h	4,358.1	−0.091%	$372.5M	$321.6M	1000x	as long as short
Binance XAUUSDT	+0.0084%	4h	4,358.2	−0.088%	$410.5M	$2.10B	100x	as long as short
Paradex XAU-USD-PERP	+0.0084%	8h	4,357.2	−0.110%	$19K	$5K	5x	as long as short
edgeX XAUUSDC	+0.0098%	4h	4,351.9	−0.232%	$30.3M	$60.4M	50x	as long as short
Pacifica XAU	+0.0100%	1h	4,354.1	−0.182%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,353.3	−0.199%	$275K	$204K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,356.6	−0.124%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0121%	1h	4,354.7	−0.168%	$48K	$64K	25x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,357.2	−0.110%	$3.4M	$12.4M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0138%	4h	4,357.4	−0.107%	$1.4M	$3.0M	25x	as long as short
Bitget XAUUSDT	+0.0146%	4h	4,358.5	−0.081%	$69.3M	$109.6M	100x	as long as short
Bullet GOLD-USD	+0.0158%	1h	4,358.1	−0.091%	$59K	$83K	10x	as long as short
Bybit XAUUSDTshort	+0.0183%	4h	4,359.3	−0.063%	$84.2M	$143.5M	150x
Deribit GOLD_USDC-PERPETUAL	+0.0186%	1h	4,356.8	−0.120%	$235K	$661K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0225%	8h	4,359.5	−0.058%	$164.9M	$284.8M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,355	−0.162%	$594K	$141K	25x	as long as short
BloFin XAU-USDT	+0.0286%	4h	4,364.8	+0.064%	$15.5M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0377%	4h	4,361.3	−0.017%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0395% / S −0.0199%	1h	4,358.3	−0.085%	$253K	—	111x	as long as short
HTX XAU-USDTlong	+0.0528%	4h	4,362	long leg	$2.9M	$3.9M	75x