Funding you earn now, next payment 05:00 UTC−0.0407%/8h= −44.5% APRpaid last 24h −0.088%
Price spread now: gTrade (Gains Network) against HTX−0.111%7-day average −0.164% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$274as in the Price arb table
costs, in and out, $10k−$2792.790% of the position
Funding, last 3 days (all we have)−0.089%−$9 on $10k
+Price spread, last 4 days (all we have)−0.061%−$6 · spread now −0.111%, 7d avg −0.164%
=The price spread pays, funding is against you. gTrade (Gains Network) is 0.053% dearer against HTX than usual: you sell high and buy low (spread −0.111% now, against its 7-day average of −0.164%): +$5 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 3 days (−0.089% in total) that is about 48 hours.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.089% in total (about -9.7% a year). A funding rate is set anew for every payment. 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 | 4,346.8 | 0.0410 | pay 0.0205% / 4h | 3h 05m | $2.8M | $4.6M | 75x |
| Short | gTrade (Gains Network) XAU/USD | 4,342 | L +0.0002% / S −0.0003% | get 0.0000% / 1h | 5m 40s | $272K | — | 250x |
HTX XAU-USDT
gTrade (Gains Network) XAU/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against HTX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$85.41
- Price spread: −0.111% → −0.164%
- $5.29
- Slippage, 4 orders
- −$260.05
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee gTrade (Gains Network): 3.5 bp × 2 orders
- −$7
- Net
- −$359.17
- Costs to cover
- 2.790%
- Break-even
- never at this rate
Slippage from HTX: live order book, 3 min ago; gTrade (Gains Network): virtual book (oracle venue), 13 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, 3 min ago | 0.01 bp | 6.0 bp −$6 | 8.7 bp −$87 | 16.9 bp −$1,688 | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 13 min ago | 130.01 bp | 133.5 bp −$134 | 243.0 bp −$2,430 | 1975.4 bp −$197.5K | doesn't fit |
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 | −0.0008% | 1h | 4,338.9 | −0.182% | $25K | $14K | 20x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,350.5 | +0.086% | $92K | $8.6M | 20x | as long as short |
| gTrade (Gains Network) XAU/USDshort | L +0.0002% / S −0.0003% | 1h | 4,342 | −0.111% | $272K | — | 250x | |
| RISEx XAU/USDC | +0.0005% | 1h | 4,346.6 | −0.004% | $3.7M | $12.5M | 25x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,342 | −0.111% | $13.2M | $37.2M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.083% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,345.3 | −0.035% | $3.8M | $4.5M | 40x | as long as short |
| QFEX GOLD-USD | +0.0042% | 1h | 4,345.1 | −0.039% | $5.6M | $2.1M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,378.3 | +0.725% | — | $1.0M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,342.5 | −0.099% | $293.7M | $49.1M | 25x | as long as short |
Bluefin GOLD-PERP
SunX XAU-USDT
RISEx XAU/USDC
Extended XAU-USD
Injective XAU/USDC PERP
StandX XAU-USD
QFEX GOLD-USD
Vest GC-PERP
tradeXYZ xyz:GOLDShow 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 | 4,342.9 | −0.089% | $15.0M | $56.8M | 25x | as long as short |
| Kalshi KXGOLDPERP | +0.0052% | 24h | 4,343.8 | −0.069% | $4.0M | $38.9M | 15x | as long as short |
| Bybit XAUUSDT | +0.0055% | 4h | 4,347.1 | +0.006% | $80.1M | $152.0M | 150x | as long as short |
| Lighter XAU | +0.0056% | 1h | 4,345 | −0.041% | $20.7M | $34.8M | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0056% | 1h | 4,341.7 | −0.117% | $2.1M | $4.7M | 25x | as long as short |
| Gate XAU_USDT | +0.0062% | 4h | 4,347.6 | +0.019% | $268.3M | $419.0M | 100x | as long as short |
| Paradex XAU-USD-PERP | +0.0067% | 8h | 4,345.7 | −0.024% | $19K | $5K | 5x | as long as short |
| Hotstuff GOLD-PERP | +0.0072% | 1h | 4,342.6 | −0.097% | $33K | — | 25x | as long as short |
| Lighter RH XAU | +0.0080% | 1h | 4,347.6 | +0.018% | $20.2M | $40.2M | 25x | as long as short |
| Aster XAUUSD1 | +0.0098% | 4h | 4,346.5 | −0.007% | $71.5M | $331.5M | 20x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,342.4 | −0.101% | $1.4M | $1.1M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,340.4 | −0.147% | $274K | $203K | 50x | as long as short |
| Variational Omni XAU | +0.0105% | 4h | 4,345.4 | −0.033% | $48.3M | $27.6M | — | as long as short |
| Aevo XAU-PERP | +0.0112% | 1h | 4,345.1 | −0.040% | $161K | $87 | 10x | as long as short |
| MEXC XAU_USDT | +0.0118% | 4h | 4,346.2 | −0.014% | $370.3M | $321.7M | 1000x | as long as short |
| Binance XAUUSDT | +0.0120% | 4h | 4,346 | −0.018% | $418.8M | $2.09B | 100x | as long as short |
| edgeX XAUUSDC | +0.0135% | 4h | 4,340 | −0.156% | $30.2M | $57.9M | 50x | as long as short |
| Phoenix GOLD | +0.0136% | 1h | 4,342 | −0.110% | $47K | $77K | 25x | as long as short |
| GRVT XAU_USDT_Perp | +0.0154% | 4h | 4,343.9 | −0.067% | $1.4M | $2.9M | 25x | as long as short |
| Phemex XAUUSDT | +0.0201% | 4h | 4,349 | +0.050% | $2.2M | $967K | 100x | as long as short |
| Polymarket Perps GOLD-USD | +0.0204% | 1h | 4,345.9 | −0.021% | $4.2M | $2.0M | 20x | as long as short |
| Bullet GOLD-USD | +0.0206% | 1h | 4,346.1 | −0.016% | $59K | $82K | 10x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0211% | 1h | 4,344.3 | −0.058% | $204K | $826K | 25x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0259% | 1h | 4,342.8 | −0.092% | $590K | $135K | 25x | as long as short |
| Bitget XAUUSDT | +0.0274% | 4h | 4,346.6 | −0.004% | $71.1M | $108.8M | 100x | as long as short |
| OKX XAU-USDT-SWAP | +0.0330% | 8h | 4,347.3 | +0.012% | $167.2M | $283.1M | 100x | as long as short |
| BloFin XAU-USDT | +0.0360% | 4h | 4,345 | −0.041% | $15.7M | $4.4M | 100x | as long as short |
| HTX XAU-USDTlong | +0.0410% | 4h | 4,346.8 | long leg | $2.8M | $4.6M | 75x | |
| GMX GOLD/USD [ETH-USDC] | L +0.0428% / S −0.0252% | 1h | 4,346.1 | −0.016% | $250K | — | 111x | as long as short |
Ondo Perps XAU-USD.P
Kalshi KXGOLDPERP
Bybit XAUUSDT
Lighter XAU
Coinbase International GOLD-PERP-INTX
Gate XAU_USDT
Paradex XAU-USD-PERP
Hotstuff GOLD-PERP
Lighter RH XAU
Aster XAUUSD1
Pacifica XAU
ApeX Omni XAUUSDT
Variational Omni XAU
Aevo XAU-PERP
MEXC XAU_USDT
Binance XAUUSDT
edgeX XAUUSDC
Phoenix GOLD
GRVT XAU_USDT_Perp
Phemex XAUUSDT
Polymarket Perps GOLD-USD
Bullet GOLD-USD
Deribit GOLD_USDC-PERPETUAL
Kraken Futures PF_XAUUSD
Bitget XAUUSDT
OKX XAU-USDT-SWAP
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]