XAU

Alert

Funding spread now, next payment 14:00 UTC+0.0045%/8h

paid, last 24h−0.027%paid, last 7 days−0.276%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix GOLD	4,338.6	0.0123	pay 0.0015% / 1h	20m 25s	$52K	$53K	25x
Short	Kalshi KXGOLDPERP	4,338.7	0.0168	get 0.0505% / 24h	23h 20m	$4.0M	$22.4M	15x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee KalshibpOrdersRate

Funding earned: $9.44
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$7.56
Break-even: 12.6 days

Slippage unknown: Phoenix: no order-book sample; Kalshi: live order book, 5 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.002%
Avg gap 7d: —

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 Phoenix no order-book sample	—	—	—	—	—
Sell Kalshi live order book, 5 min ago	0.12 bp	7.0 bp −$7	7.4 bp −$74	12.3 bp −$1,226	doesn't fit

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 38 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
RISEx XAU/USDC	0.0000%	1h	$3.8M	$10.9M	25x	as long as short
SunX XAU-USDT	0.0000%	4h	$92K	$10.3M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0001%	1h	$186K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	$619	$146K	52x	as long as short
QFEX GOLD-USD	+0.0040%	1h	$5.4M	$2.2M	20x	as long as short
StandX XAU-USD	+0.0040%	1h	$3.7M	$1.4M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	—	$631K	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	$293.5M	$53.1M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	$14.7M	$40.3M	25x	as long as short
Gate XAU_USDT	+0.0058%	4h	$262.0M	$343.3M	100x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Extended XAU-USD	+0.0064%	1h	$13.3M	$52.8M	25x	as long as short
Paradex XAU-USD-PERP	+0.0067%	8h	$19K	$6K	5x	as long as short
Hotstuff GOLD-PERP	+0.0072%	1h	$33K	—	25x	as long as short
Lighter XAU	+0.0088%	1h	$20.6M	$43.0M	25x	as long as short
Lighter RH XAU	+0.0088%	1h	$19.6M	$38.9M	25x	as long as short
Bybit XAUUSDT	+0.0096%	4h	$81.6M	$123.6M	150x	as long as short
Pacifica XAU	+0.0100%	1h	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	$272K	$203K	50x	as long as short
Aevo XAU-PERP	+0.0120%	1h	$161K	$43	10x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0120%	1h	$2.0M	$4.7M	25x	as long as short
Phoenix GOLDlong	+0.0123%	1h	$52K	$53K	25x
Variational Omni XAU	+0.0140%	4h	$47.1M	$43.1M	—	as long as short
MEXC XAU_USDT	+0.0152%	4h	$370.0M	$363.2M	1000x	as long as short
Aster XAUUSD1	+0.0154%	4h	$68.3M	$159.0M	20x	as long as short
Binance XAUUSDT	+0.0155%	4h	$441.7M	$1.79B	100x	as long as short
edgeX XAUUSDC	+0.0163%	4h	$30.2M	$48.2M	50x	as long as short
Kalshi KXGOLDPERPshort	+0.0168%	24h	$4.0M	$22.4M	15x
Bullet GOLD-USD	+0.0230%	1h	$58K	$78K	10x	as long as short
Phemex XAUUSDT	+0.0234%	4h	$2.2M	$961K	100x	as long as short
Bitget XAUUSDT	+0.0258%	4h	$66.7M	$86.8M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0265%	8h	$156.7M	$241.1M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0274%	1h	$587K	$104K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0303%	1h	$4.1M	$1.8M	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0303%	1h	$201K	$909K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0353% / S −0.0167%	1h	$219K	—	111x	as long as short
BloFin XAU-USDT	+0.0394%	4h	$15.0M	$4.2M	100x	as long as short
HTX XAU-USDT	+0.0403%	4h	$2.4M	$1.8M	75x	as long as short
Bluefin GOLD-PERP	+0.3889%	1h	$26K	$23K	20x	as long as short