Funding you earn now, next payment 12:00 UTC−0.0878%/8h= −96.2% APRpaid last 24h −0.049%
Price spread now: OKX against HTX−0.139%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$280.279% of the position
Funding, last 7 days+0.009%+$1 on $10k
+Price spread, last 4 days (all we have)+0.049%+$5 · spread now −0.139%, 7d avg −0.036%
=Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and OKX is 0.103% cheaper against HTX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.036%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.009% in total (about 0.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX XAU-USDT | 4,343.9 | 0.1121 | pay 0.0561% / 4h | 2h 02m | $3.2M | $7.0M | 75x |
| Short | OKX XAU-USDT-SWAP | 4,337.8 | 0.0243 | get 0.0243% / 8h | 6h 02m | $170.9M | $359.3M | 100x |
HTX XAU-USDT
OKX XAU-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$184.47
- Price spread: −0.139% → −0.036%
- −$10.3
- Slippage, 4 orders
- −$5.9
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$222.68
- Costs to cover
- 0.279%
- Break-even
- never at this rate
Slippage from HTX: live order book, 4 min ago; OKX: 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 HTX live order book, 4 min ago | 0.01 bp | 6.9 bp −$7 | 9.1 bp −$91 | 14.4 bp −$1,441 | doesn't fit |
| Sell OKX live order book, 4 min ago | 0.12 bp | 5.8 bp −$6 | 6.2 bp −$62 | 8.2 bp −$823 | 16.5 bp −$8,268 |
XAU on 39 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff GOLD-PERP | −2.0120% | 1h | 4,318.3 | −0.588% | $32K | — | 25x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,341.7 | −0.050% | $92K | $6.0M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,329.9 | −0.320% | $275K | — | 250x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0024% | 1h | 4,331.9 | −0.275% | $2.1M | $5.2M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.151% | $619 | $54 | 52x | as long as short |
| QFEX GOLD-USD | +0.0038% | 1h | 4,328.7 | −0.349% | $6.7M | $3.2M | 20x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,336.9 | −0.160% | $3.8M | $4.5M | 40x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,363.3 | +0.448% | — | $1.0M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,332.1 | −0.270% | $292.4M | $52.9M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,325.4 | −0.425% | $15.1M | $58.0M | 25x | as long as short |
Hotstuff GOLD-PERP
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Coinbase International GOLD-PERP-INTX
Injective XAU/USDC PERP
QFEX GOLD-USD
StandX XAU-USD
Vest GC-PERP
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.PShow all 39 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex XAU-USD-PERP | +0.0055% | 8h | 4,328.8 | −0.346% | $2K | $13K | 5x | as long as short |
| RISEx XAU/USDC | +0.0056% | 1h | 4,334.8 | −0.208% | $4.7M | $13.5M | 25x | as long as short |
| Aster XAUUSD1 | +0.0075% | 4h | 4,336.8 | −0.163% | $73.1M | $275.4M | 20x | as long as short |
| Phoenix GOLD | +0.0076% | 1h | 4,330.5 | −0.307% | $43K | $72K | 25x | as long as short |
| Variational Omni XAU | +0.0090% | 4h | 4,334.4 | −0.219% | $47.3M | $29.4M | — | as long as short |
| Lighter XAU | +0.0096% | 1h | 4,337.2 | −0.152% | $20.3M | $30.5M | 25x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,326.3 | −0.404% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,330.9 | −0.298% | $284K | $223K | 50x | as long as short |
| Bluefin GOLD-PERP | +0.0100% | 1h | 4,325.5 | −0.422% | $25K | $1K | 20x | as long as short |
| Gate XAU_USDT | +0.0102% | 4h | 4,338.8 | −0.116% | $301.0M | $450.9M | 100x | as long as short |
| Bybit XAUUSDT | +0.0107% | 4h | 4,337.5 | −0.146% | $80.5M | $171.9M | 150x | as long as short |
| MEXC XAU_USDT | +0.0110% | 4h | 4,336.3 | −0.174% | $369.6M | $367.1M | 1000x | as long as short |
| Binance XAUUSDT | +0.0111% | 4h | 4,334.7 | −0.212% | $445.7M | $2.41B | 100x | as long as short |
| Aevo XAU-PERP | +0.0112% | 1h | 4,330.7 | −0.304% | $160K | $87 | 10x | as long as short |
| GRVT XAU_USDT_Perp | +0.0116% | 4h | 4,333.8 | −0.230% | $1.4M | $3.1M | 25x | as long as short |
| edgeX XAUUSDC | +0.0117% | 4h | 4,331.5 | −0.285% | $30.3M | $66.8M | 50x | as long as short |
| Kalshi KXGOLDPERP | +0.0133% | 24h | 4,335.5 | −0.192% | $3.6M | $50.7M | 15x | as long as short |
| Polymarket Perps GOLD-USD | +0.0135% | 1h | 4,328.6 | −0.351% | $4.3M | $1.7M | 20x | as long as short |
| Extended XAU-USD | +0.0144% | 1h | 4,332.3 | −0.266% | $12.7M | $34.8M | 25x | as long as short |
| Lighter RH XAU | +0.0152% | 1h | 4,340.1 | −0.087% | $19.8M | $41.1M | 25x | as long as short |
| Bullet GOLD-USD | +0.0196% | 1h | 4,329.4 | −0.333% | $59K | $76K | 10x | as long as short |
| Bitget XAUUSDT | +0.0218% | 4h | 4,337.2 | −0.154% | $74.4M | $136.3M | 100x | as long as short |
| OKX XAU-USDT-SWAPshort | +0.0243% | 8h | 4,337.8 | −0.139% | $170.9M | $359.3M | 100x | |
| Deribit GOLD_USDC-PERPETUAL | +0.0304% | 1h | 4,334.2 | −0.222% | $135K | $748K | 25x | as long as short |
| Phemex XAUUSDT | +0.0307% | 4h | 4,338.7 | −0.118% | $2.2M | $782K | 100x | as long as short |
| BloFin XAU-USDT | +0.0351% | 4h | 4,335.8 | −0.186% | $16.3M | $5.3M | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0411% | 1h | 4,328.2 | −0.361% | $582K | $165K | 25x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0458% / S −0.0306% | 1h | 4,329.4 | −0.333% | $252K | — | 111x | as long as short |
| HTX XAU-USDTlong | +0.1121% | 4h | 4,343.9 | long leg | $3.2M | $7.0M | 75x |
Paradex XAU-USD-PERP
RISEx XAU/USDC
Aster XAUUSD1
Phoenix GOLD
Variational Omni XAU
Lighter XAU
Pacifica XAU
ApeX Omni XAUUSDT
Bluefin GOLD-PERP
Gate XAU_USDT
Bybit XAUUSDT
MEXC XAU_USDT
Binance XAUUSDT
Aevo XAU-PERP
GRVT XAU_USDT_Perp
edgeX XAUUSDC
Kalshi KXGOLDPERP
Polymarket Perps GOLD-USD
Extended XAU-USD
Lighter RH XAU
Bullet GOLD-USD
Bitget XAUUSDT
Deribit GOLD_USDC-PERPETUAL
Phemex XAUUSDT
BloFin XAU-USDT
Kraken Futures PF_XAUUSD
GMX GOLD/USD [ETH-USDC]