XAU

Alert

Funding spread now, next payment 16:00 UTC−0.0249%/8h

paid, last 24h−0.041%paid, last 7 days+0.101%to open and close $10k−$67

Long on Phemex Short on Coinbase International

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.101% in total (about 5.3% 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	Phemex XAUUSDT	4,351.1	0.0313	pay 0.0156% / 4h	3h 09m	$2.2M	$1.0M	100x
Short	Coinbase International GOLD-PERP-INTX	4,346.9	0.0064	get 0.0008% / 1h	9m 03s	$1.9M	$5.1M	25x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee Coinbase InternationalbpOrdersRate

Funding earned: −$52.22
Slippage, 4 orders: −$45.22
Fee Phemex: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$119.44
Break-even: never at this rate

Slippage from Phemex: live order book, 6 min ago; Coinbase International: live order book, 1 min ago.

Price risk

price view

Price gap now: −0.095%
Avg gap 7d: −0.135%

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 Phemex live order book, 6 min ago	1.26 bp	30.1 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	0.12 bp	5.8 bp −$6	7.0 bp −$70	doesn't fit	doesn't fit

XAU on 38 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Hotstuff GOLD-PERP	−0.0072%	1h	$33K	—	25x	as long as short
RISEx XAU/USDC	0.0000%	1h	$3.9M	$12.8M	25x	as long as short
SunX XAU-USDT	0.0000%	4h	$93K	$11.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	$267K	—	250x	as long as short
Gate XAU_USDT	+0.0008%	4h	$275.7M	$391.5M	100x	as long as short
QFEX GOLD-USD	+0.0029%	1h	$5.4M	$2.0M	20x	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	$1.9M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	—	$953K	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	$294.9M	$60.1M	25x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	$14.8M	$46.5M	25x	as long as short
Phoenix GOLD	+0.0061%	1h	$43K	$55K	25x	as long as short
Coinbase International GOLD-PERP-INTXshort	+0.0064%	1h	$1.9M	$5.1M	25x
Kalshi KXGOLDPERP	+0.0067%	24h	$4.2M	$30.3M	15x	as long as short
Paradex XAU-USD-PERP	+0.0067%	8h	$19K	$6K	5x	as long as short
Lighter XAU	+0.0096%	1h	$20.7M	$44.9M	25x	as long as short
Aster XAUUSD1	+0.0099%	4h	$69.2M	$239.6M	20x	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
Bullet GOLD-USD	+0.0101%	1h	$59K	$77K	10x	as long as short
Variational Omni XAU	+0.0109%	4h	$48.0M	$42.6M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0130%	4h	$370.2M	$386.8M	1000x	as long as short
Binance XAUUSDT	+0.0131%	4h	$418.5M	$2.06B	100x	as long as short
Extended XAU-USD	+0.0136%	1h	$13.3M	$52.3M	25x	as long as short
Bybit XAUUSDT	+0.0141%	4h	$83.3M	$134.3M	150x	as long as short
Lighter RH XAU	+0.0144%	1h	$19.9M	$41.5M	25x	as long as short
edgeX XAUUSDC	+0.0147%	4h	$30.2M	$56.2M	50x	as long as short
Kraken Futures PF_XAUUSD	+0.0185%	1h	$588K	$110K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0198%	1h	$4.2M	$1.9M	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0233%	1h	$214K	$976K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0234%	8h	$157.5M	$260.9M	100x	as long as short
Bitget XAUUSDT	+0.0266%	4h	$70.4M	$102.6M	100x	as long as short
HTX XAU-USDT	+0.0303%	4h	$2.4M	$2.4M	75x	as long as short
Phemex XAUUSDTlong	+0.0313%	4h	$2.2M	$1.0M	100x
GMX GOLD/USD [ETH-USDC]	L +0.0370% / S −0.0190%	1h	$221K	—	111x	as long as short
BloFin XAU-USDT	+0.0371%	4h	$15.0M	$4.4M	100x	as long as short
Bluefin GOLD-PERP	+0.8000%	1h	$26K	$23K	20x	as long as short