XAU

Alert

Funding spread now, next payment 19:00 UTC−0.0260%/8h

next payment, per $10,000−$0.32paid, last 24h−0.072%paid, last 7 days−0.166%to open and close $10k−$36

Long on Kraken Futures Short on tradeXYZ

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.166% in total (about -8.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.32 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	Kraken Futures PF_XAUUSD	4,351.7	0.0310	pay 0.0039% / 1h	43m 00s	$588K	$108K	25x
Short	tradeXYZ xyz:GOLD	4,351.4	0.0050	get 0.0006% / 1h	43m 00s	$294.3M	$61.0M	25x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee tradeXYZbpOrdersRate

Funding earned: −$54.51
Slippage, 4 orders: −$7.82
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$90.34
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 56 min ago; tradeXYZ: live order book, 7 min ago.

Price risk

price view

Price gap now: −0.007%
Avg gap 7d: −0.023%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Kraken Futures live order book, 56 min ago	2.64 bp	8.2 bp −$8	14.6 bp −$146	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 7 min ago	0.12 bp	9.6 bp −$10	10.2 bp −$102	11.8 bp −$1,176	doesn't fit

XAU on 38 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bluefin GOLD-PERP	−0.0192%	1h	$26K	$21K	20x	as long as short
RISEx XAU/USDC	0.0000%	1h	$3.6M	$12.0M	25x	as long as short
SunX XAU-USDT	0.0000%	4h	$93K	$11.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	$267K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	$3.8M	$3.6M	40x	as long as short
Gate XAU_USDT	+0.0042%	4h	$274.1M	$399.0M	100x	as long as short
Kalshi KXGOLDPERP	+0.0045%	24h	$4.1M	$30.4M	15x	as long as short
Vest GC-PERP	+0.0046%	1h	—	$995K	25x	as long as short
QFEX GOLD-USD	+0.0049%	1h	$5.4M	$2.1M	20x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLDshort	+0.0050%	1h	$294.3M	$61.0M	25x
Ondo Perps XAU-USD.P	+0.0050%	1h	$14.8M	$48.1M	25x	as long as short
Extended XAU-USD	+0.0056%	1h	$13.3M	$51.1M	25x	as long as short
Bybit XAUUSDT	+0.0060%	4h	$83.8M	$138.2M	150x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0064%	1h	$2.0M	$5.1M	25x	as long as short
Paradex XAU-USD-PERP	+0.0065%	8h	$19K	$6K	5x	as long as short
Lighter XAU	+0.0080%	1h	$20.8M	$45.4M	25x	as long as short
Phoenix GOLD	+0.0088%	1h	$43K	$65K	25x	as long as short
Bullet GOLD-USD	+0.0089%	1h	$58K	$78K	10x	as long as short
Pacifica XAU	+0.0100%	1h	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	$273K	$203K	50x	as long as short
Aevo XAU-PERP	+0.0112%	1h	$161K	$87	10x	as long as short
Variational Omni XAU	+0.0112%	4h	$47.8M	$35.1M	—	as long as short
Aster XAUUSD1	+0.0120%	4h	$70.0M	$239.5M	20x	as long as short
MEXC XAU_USDT	+0.0122%	4h	$377.4M	$326.3M	1000x	as long as short
Binance XAUUSDT	+0.0124%	4h	$416.5M	$2.03B	100x	as long as short
Lighter RH XAU	+0.0136%	1h	$20.2M	$43.3M	25x	as long as short
edgeX XAUUSDC	+0.0138%	4h	$30.3M	$56.9M	50x	as long as short
Hotstuff GOLD-PERP	+0.0176%	1h	$33K	—	25x	as long as short
Polymarket Perps GOLD-USD	+0.0205%	1h	$4.4M	$2.2M	20x	as long as short
Bitget XAUUSDT	+0.0242%	4h	$69.2M	$107.4M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0257%	8h	$156.3M	$263.9M	100x	as long as short
Phemex XAUUSDT	+0.0265%	4h	$2.2M	$1.1M	100x	as long as short
HTX XAU-USDT	+0.0265%	4h	$2.8M	$3.2M	75x	as long as short
Kraken Futures PF_XAUUSDlong	+0.0310%	1h	$588K	$108K	25x
Deribit GOLD_USDC-PERPETUAL	+0.0325%	1h	$223K	$989K	25x	as long as short
BloFin XAU-USDT	+0.0372%	4h	$14.9M	$4.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0432% / S −0.0253%	1h	$251K	—	111x	as long as short