Funding you earn now, next payment 05:00 UTC+0.0027%/8h= +3.0% APRnext payment +$0.03 per $10,000 · paid last 24h +0.004%
Price spread now: Phoenix against Pacifica+0.029%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.082%+$8 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Phoenix is 0.029% dearer against Pacifica than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica XAU | 4,346.4 | 0.0100 | pay 0.0013% / 1h | 46m 58s | $1.4M | $1.2M | 10x |
| Short | Phoenix GOLD | 4,347.7 | 0.0127 | get 0.0016% / 1h | 46m 58s | $47K | $77K | 25x |
Pacifica XAU
Phoenix GOLDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Pacifica. 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
- $5.68
- Price spread: +0.029% → 0.000%
- $2.88
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$6.43
- Costs to cover
- 0.150%
- Break-even
- 14.9 days
Slippage unknown: Pacifica: live order book, 2 min ago; Phoenix: no order-book sample. Net counts fees only.
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 Pacifica live order book, 2 min ago | 0.12 bp | 4.5 bp −$4 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0057% | 1h | 4,344.6 | −0.043% | $25K | $14K | 20x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,354.3 | +0.182% | $93K | $8.5M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,346.6 | +0.004% | $272K | — | 250x | as long as short |
| Hotstuff GOLD-PERP | +0.0024% | 1h | 4,346.7 | +0.006% | $33K | — | 25x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,346.6 | +0.004% | $13.2M | $37.3M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.091% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,351.5 | +0.116% | $3.8M | $4.5M | 40x | as long as short |
| QFEX GOLD-USD | +0.0044% | 1h | 4,348.9 | +0.056% | $5.5M | $2.1M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,383.3 | +0.848% | — | $1.0M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,346.9 | +0.010% | $293.7M | $49.5M | 25x | as long as short |
Bluefin GOLD-PERP
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Hotstuff GOLD-PERP
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 | 4,346.7 | +0.007% | $15.1M | $56.7M | 25x | as long as short |
| RISEx XAU/USDC | +0.0054% | 1h | 4,350.8 | +0.099% | $3.7M | $12.6M | 25x | as long as short |
| Kalshi KXGOLDPERP | +0.0054% | 24h | 4,349 | +0.059% | $4.2M | $39.3M | 15x | as long as short |
| Lighter XAU | +0.0056% | 1h | 4,349.5 | +0.070% | $20.7M | $30.4M | 25x | as long as short |
| Bybit XAUUSDT | +0.0066% | 4h | 4,351.5 | +0.117% | $80.2M | $151.7M | 150x | as long as short |
| Paradex XAU-USD-PERP | +0.0070% | 8h | 4,350.4 | +0.090% | $19K | $5K | 5x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0072% | 1h | 4,346.9 | +0.010% | $2.1M | $4.7M | 25x | as long as short |
| Gate XAU_USDT | +0.0076% | 4h | 4,351.7 | +0.122% | $271.8M | $397.3M | 100x | as long as short |
| Pacifica XAUlong | +0.0100% | 1h | 4,346.4 | long leg | $1.4M | $1.2M | 10x | |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,346.9 | +0.011% | $277K | $204K | 50x | as long as short |
| Lighter RH XAU | +0.0104% | 1h | 4,351.9 | +0.126% | $20.1M | $38.1M | 25x | as long as short |
| Aster XAUUSD1 | +0.0107% | 4h | 4,352.4 | +0.137% | $71.6M | $331.2M | 20x | as long as short |
| Variational Omni XAU | +0.0108% | 4h | 4,349.5 | +0.070% | $48.5M | $27.6M | — | as long as short |
| Aevo XAU-PERP | +0.0112% | 1h | 4,349.8 | +0.078% | $161K | $87 | 10x | as long as short |
| MEXC XAU_USDT | +0.0118% | 4h | 4,350.4 | +0.092% | $370.4M | $317.9M | 1000x | as long as short |
| Binance XAUUSDT | +0.0119% | 4h | 4,350.4 | +0.090% | $419.5M | $2.09B | 100x | as long as short |
| GRVT XAU_USDT_Perp | +0.0124% | 4h | 4,350 | +0.083% | $1.4M | $2.9M | 25x | as long as short |
| Phoenix GOLDshort | +0.0127% | 1h | 4,347.7 | +0.029% | $47K | $77K | 25x | |
| edgeX XAUUSDC | +0.0132% | 4h | 4,345.7 | −0.017% | $30.2M | $58.1M | 50x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0141% | 1h | 4,349.3 | +0.066% | $203K | $822K | 25x | as long as short |
| Bullet GOLD-USD | +0.0157% | 1h | 4,350.2 | +0.087% | $59K | $82K | 10x | as long as short |
| Polymarket Perps GOLD-USD | +0.0168% | 1h | 4,349.8 | +0.077% | $4.3M | $2.0M | 20x | as long as short |
| Phemex XAUUSDT | +0.0205% | 4h | 4,352.9 | +0.149% | $2.2M | $967K | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0246% | 1h | 4,347.4 | +0.021% | $591K | $128K | 25x | as long as short |
| HTX XAU-USDT | +0.0275% | 4h | 4,352.4 | +0.136% | $2.8M | $4.6M | 75x | as long as short |
| Bitget XAUUSDT | +0.0280% | 4h | 4,350.9 | +0.102% | $71.5M | $108.0M | 100x | as long as short |
| OKX XAU-USDT-SWAP | +0.0336% | 8h | 4,351.5 | +0.116% | $168.1M | $282.2M | 100x | as long as short |
| BloFin XAU-USDT | +0.0371% | 4h | 4,349.2 | +0.064% | $15.8M | $4.4M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0427% / S −0.0252% | 1h | 4,350.2 | +0.086% | $251K | — | 111x | as long as short |
Ondo Perps XAU-USD.P
RISEx XAU/USDC
Kalshi KXGOLDPERP
Lighter XAU
Bybit XAUUSDT
Paradex XAU-USD-PERP
Coinbase International GOLD-PERP-INTX
Gate XAU_USDT
ApeX Omni XAUUSDT
Lighter RH XAU
Aster XAUUSD1
Variational Omni XAU
Aevo XAU-PERP
MEXC XAU_USDT
Binance XAUUSDT
GRVT XAU_USDT_Perp
edgeX XAUUSDC
Deribit GOLD_USDC-PERPETUAL
Bullet GOLD-USD
Polymarket Perps GOLD-USD
Phemex XAUUSDT
Kraken Futures PF_XAUUSD
HTX XAU-USDT
Bitget XAUUSDT
OKX XAU-USDT-SWAP
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]