XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0176%/8h= −19.2% APRnext payment −$0.22 per $10,000 · paid last 24h +0.225%

Price spread now: Bluefin against Phoenix+0.002%67s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Bluefin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$5 a day on $10k at the current rate. The two prices were read 67 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	Phoenix GOLD	4,326.6	0.0127	pay 0.0016% / 1h	9m 53s	$47K	$77K	25x
Short	Bluefin GOLD-PERP	4,326.7	−0.0049	pay 0.0006% / 1h	9m 53s	$25K	$14K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bluefin against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee BluefinbpOrdersPrice spread, now +0.002%Rate

Funding earned: −$36.91
Price spread: +0.002% → 0.000%: $0.18
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Bluefin: 3.5 bp × 2 orders: −$7
Net: −$50.72
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Bluefin: 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 Phoenix no order-book sample	—	—	—	—	—
Sell Bluefin no order-book sample	—	—	—	—	—

Phoenix and Bluefin: 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-PERPshort	−0.0049%	1h	4,326.7	+0.002%	$25K	$14K	20x
SunX XAU-USDT	0.0000%	4h	4,337.6	+0.255%	$92K	$8.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,329.9	+0.075%	$271K	—	250x	as long as short
Bybit XAUUSDT	+0.0006%	4h	4,334.7	+0.186%	$78.4M	$156.7M	150x	as long as short
Extended XAU-USD	+0.0032%	1h	4,331.3	+0.110%	$13.1M	$36.8M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.551%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,333	+0.148%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,332.7	+0.141%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,365.6	+0.901%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,334.5	+0.181%	$20.4M	$31.8M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	4,331.4	+0.111%	$292.1M	$51.8M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,329.9	+0.077%	$15.0M	$56.5M	25x	as long as short
RISEx XAU/USDC	+0.0054%	1h	4,334.8	+0.188%	$3.8M	$12.5M	25x	as long as short
Kalshi KXGOLDPERP	+0.0063%	24h	4,334.7	+0.187%	$4.0M	$42.2M	15x	as long as short
Gate XAU_USDT	+0.0068%	4h	4,335.1	+0.196%	$271.9M	$416.7M	100x	as long as short
Lighter RH XAU	+0.0072%	1h	4,336.3	+0.225%	$19.9M	$38.9M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,330.9	+0.099%	$2.0M	$4.8M	25x	as long as short
Paradex XAU-USD-PERP	+0.0072%	8h	4,333.3	+0.154%	$19K	$5K	5x	as long as short
Aster XAUUSD1	+0.0099%	4h	4,335.3	+0.202%	$72.3M	$330.7M	20x	as long as short
Pacifica XAU	+0.0100%	1h	4,329.6	+0.070%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,324.2	−0.056%	$272K	$208K	50x	as long as short
Variational Omni XAU	+0.0101%	4h	4,331.5	+0.113%	$46.8M	$28.6M	—	as long as short
GRVT XAU_USDT_Perp	+0.0102%	4h	4,325.7	−0.022%	$1.4M	$3.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0104%	1h	4,329.6	+0.069%	$32K	—	25x	as long as short
MEXC XAU_USDT	+0.0110%	4h	4,334.7	+0.187%	$364.9M	$330.5M	1000x	as long as short
Binance XAUUSDT	+0.0112%	4h	4,333.8	+0.167%	$414.8M	$2.12B	100x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,333.8	+0.167%	$160K	$87	10x	as long as short
Phoenix GOLDlong	+0.0127%	1h	4,326.6	long leg	$47K	$77K	25x
edgeX XAUUSDC	+0.0128%	4h	4,322.8	−0.088%	$30.1M	$60.2M	50x	as long as short
Bullet GOLD-USD	+0.0160%	1h	4,333.7	+0.164%	$58K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0177%	1h	4,333.6	+0.162%	$4.2M	$2.0M	20x	as long as short
HTX XAU-USDT	+0.0232%	4h	4,336.7	+0.234%	$2.8M	$5.0M	75x	as long as short
Kraken Futures PF_XAUUSD	+0.0247%	1h	4,331.5	+0.113%	$590K	$130K	25x	as long as short
Bitget XAUUSDT	+0.0256%	4h	4,334.6	+0.186%	$68.1M	$119.0M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0258%	1h	4,334.2	+0.176%	$195K	$826K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0332%	8h	4,333.6	+0.162%	$170.8M	$297.4M	100x	as long as short
BloFin XAU-USDT	+0.0359%	4h	4,333.3	+0.156%	$16.0M	$4.5M	100x	as long as short
Phemex XAUUSDT	+0.0387%	4h	4,335.2	+0.199%	$2.2M	$962K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0460% / S −0.0302%	1h	4,334	+0.171%	$253K	—	111x	as long as short