Funding you earn now, next payment 04:00 UTC−0.0149%/8h= −16.3% APRpaid last 24h −0.136%
Price spread now: tradeXYZ against Phemex−0.097%48s7-day average −0.120% · you buy dearer than you sell
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$810.808% of the position
Funding, last 7 days−0.263%−$26 on $10k
+Price spread, last 4 days (all we have)−0.110%−$11 · spread now −0.097%, 7d avg −0.120%
=Together, before fees−0.372%+ Points / potential airdroptradeXYZ: Active · farm board−$37 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.022% dearer against Phemex than usual: you sell high and buy low (spread −0.097% now, against its 7-day average of −0.120%): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 12 hours. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex XAUUSDT | 4,349.6 | 0.0199 | pay 0.0099% / 4h | 59m 16s | $2.2M | $972K | 100x |
| Short | tradeXYZ xyz:GOLD | 4,345.4 | 0.0050 | get 0.0006% / 1h | 59m 16s | $293.9M | $48.9M | 25x |
Phemex XAUUSDT
tradeXYZ xyz:GOLDFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Phemex. 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
- −$31.28
- Price spread: −0.097% → −0.120%
- $2.25
- Slippage, 4 orders
- −$50.82
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$109.85
- Costs to cover
- 0.808%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 4 min ago; tradeXYZ: live order book, 11 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 Phemex live order book, 4 min ago | 2.61 bp | 29.3 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 11 min ago | 0.12 bp | 9.1 bp −$9 | 9.3 bp −$93 | 11.6 bp −$1,162 | 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 | |
|---|---|---|---|---|---|---|---|---|
| RISEx XAU/USDC | 0.0000% | 1h | 4,348.7 | −0.021% | $3.4M | $12.2M | 25x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,352.3 | +0.062% | $92K | $9.1M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,343.9 | −0.132% | $266K | — | 250x | as long as short |
| Hotstuff GOLD-PERP | +0.0008% | 1h | 4,345.6 | −0.093% | $33K | — | 25x | as long as short |
| Gate XAU_USDT | +0.0008% | 4h | 4,349.7 | +0.002% | $265.1M | $406.7M | 100x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,343.9 | −0.131% | $13.4M | $38.6M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.018% | $619 | $54 | 52x | as long as short |
| Bluefin GOLD-PERP | +0.0033% | 1h | 4,342.4 | −0.168% | $25K | $14K | 20x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,348.3 | −0.031% | $3.8M | $4.6M | 40x | as long as short |
| Kalshi KXGOLDPERP | +0.0042% | 24h | 4,345.4 | −0.097% | $4.1M | $37.1M | 15x | as long as short |
RISEx XAU/USDC
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Hotstuff GOLD-PERP
Gate XAU_USDT
Extended XAU-USD
Injective XAU/USDC PERP
Bluefin GOLD-PERP
StandX XAU-USD
Kalshi KXGOLDPERPShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster XAUUSD1 | +0.0044% | 4h | 4,348.8 | −0.018% | $70.9M | $334.1M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,381.3 | +0.728% | — | $1.0M | 25x | as long as short |
| QFEX GOLD-USD | +0.0046% | 1h | 4,348.3 | −0.031% | $5.7M | $2.0M | 20x | as long as short |
| Lighter XAU | +0.0048% | 1h | 4,347.7 | −0.044% | $20.6M | $37.5M | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0048% | 1h | 4,344.2 | −0.125% | $2.0M | $4.9M | 25x | as long as short |
| tradeXYZ xyz:GOLDshort | +0.0050% | 1h | 4,345.4 | −0.097% | $293.9M | $48.9M | 25x | |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,345.3 | −0.101% | $15.1M | $56.8M | 25x | as long as short |
| Lighter RH XAU | +0.0056% | 1h | 4,349.7 | +0.002% | $20.1M | $40.0M | 25x | as long as short |
| Variational Omni XAU | +0.0061% | 4h | 4,347.3 | −0.055% | $48.4M | $27.7M | — | as long as short |
| GRVT XAU_USDT_Perp | +0.0064% | 4h | 4,348.1 | −0.035% | $1.4M | $3.0M | 25x | as long as short |
| MEXC XAU_USDT | +0.0076% | 4h | 4,348.2 | −0.034% | $371.1M | $314.3M | 1000x | as long as short |
| Binance XAUUSDT | +0.0079% | 4h | 4,348.1 | −0.035% | $411.2M | $2.10B | 100x | as long as short |
| Paradex XAU-USD-PERP | +0.0080% | 8h | 4,348.7 | −0.023% | $19K | $5K | 5x | as long as short |
| edgeX XAUUSDC | +0.0089% | 4h | 4,343 | −0.152% | $30.2M | $58.7M | 50x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,345.3 | −0.100% | $1.4M | $1.1M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,345.7 | −0.090% | $275K | $203K | 50x | as long as short |
| Aevo XAU-PERP | +0.0104% | 1h | 4,347.6 | −0.047% | $161K | $87 | 10x | as long as short |
| Polymarket Perps GOLD-USD | +0.0125% | 1h | 4,347.6 | −0.047% | $4.3M | $1.9M | 20x | as long as short |
| Phoenix GOLD | +0.0136% | 1h | 4,345.3 | −0.100% | $47K | $76K | 25x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0194% | 1h | 4,345.4 | −0.097% | $593K | $133K | 25x | as long as short |
| Phemex XAUUSDTlong | +0.0199% | 4h | 4,349.6 | long leg | $2.2M | $972K | 100x | |
| Bullet GOLD-USD | +0.0205% | 1h | 4,348.4 | −0.029% | $59K | $83K | 10x | as long as short |
| Bybit XAUUSDT | +0.0214% | 4h | 4,349.4 | −0.005% | $84.3M | $145.4M | 150x | as long as short |
| Bitget XAUUSDT | +0.0220% | 4h | 4,348.3 | −0.031% | $70.2M | $109.5M | 100x | as long as short |
| OKX XAU-USDT-SWAP | +0.0266% | 8h | 4,349.6 | −0.001% | $165.5M | $283.0M | 100x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0279% | 1h | 4,346.6 | −0.070% | $268K | $768K | 25x | as long as short |
| BloFin XAU-USDT | +0.0308% | 4h | 4,347.6 | −0.047% | $15.7M | $4.6M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0407% / S −0.0222% | 1h | 4,348.1 | −0.035% | $248K | — | 111x | as long as short |
| HTX XAU-USDT | +0.0599% | 4h | 4,353.5 | +0.090% | $2.9M | $4.3M | 75x | as long as short |
Aster XAUUSD1
Vest GC-PERP
QFEX GOLD-USD
Lighter XAU
Coinbase International GOLD-PERP-INTX
Ondo Perps XAU-USD.P
Lighter RH XAU
Variational Omni XAU
GRVT XAU_USDT_Perp
MEXC XAU_USDT
Binance XAUUSDT
Paradex XAU-USD-PERP
edgeX XAUUSDC
Pacifica XAU
ApeX Omni XAUUSDT
Aevo XAU-PERP
Polymarket Perps GOLD-USD
Phoenix GOLD
Kraken Futures PF_XAUUSD
Bullet GOLD-USD
Bybit XAUUSDT
Bitget XAUUSDT
OKX XAU-USDT-SWAP
Deribit GOLD_USDC-PERPETUAL
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]
HTX XAU-USDT