Funding you earn now, next payment 08:00 UTC+0.0007%/8h= +0.8% APRpaid last 24h 0.000%
Price spread now: MEXC against Phoenix+0.042%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−0.049%−$5 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.042% dearer against Phoenix than usual: you sell high and buy low, +$4 on $10k if it 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 | Phoenix GOLD | 4,306.1 | 0.0095 | pay 0.0012% / 1h | 34m 52s | $42K | $86K | 25x |
| Short | MEXC XAU_USDT | 4,307.9 | 0.0102 | get 0.0051% / 4h | 3h 34m | $361.9M | $337.4M | 1000x |
Phoenix GOLD
MEXC XAU_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Phoenix. 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
- $1.5
- Price spread: +0.042% → 0.000%
- $4.16
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$5.34
- Costs to cover
- 0.110%
- Break-even
- 31.8 days
Slippage unknown: Phoenix: no order-book sample; MEXC: live order book, 4 min ago. 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 MEXC live order book, 4 min ago | 0.04 bp | 2.0 bp −$2 | 2.0 bp −$20 | 7.0 bp −$697 | 22.3 bp −$11.1K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff GOLD-PERP | −0.0032% | 1h | 4,305.5 | −0.014% | $32K | — | 25x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,311.4 | +0.122% | $92K | $6.8M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,303.6 | −0.059% | $278K | — | 250x | as long as short |
| GRVT XAU_USDT_Perp | +0.0012% | 4h | 4,308 | +0.045% | $1.4M | $3.0M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +1.029% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,306.8 | +0.016% | $3.8M | $4.5M | 40x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,338.7 | +0.757% | — | $1.0M | 25x | as long as short |
| QFEX GOLD-USD | +0.0046% | 1h | 4,306.3 | +0.005% | $6.6M | $3.1M | 20x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,305 | −0.026% | $291.0M | $53.9M | 25x | as long as short |
| Polymarket Perps GOLD-USD | +0.0050% | 1h | 4,304.5 | −0.037% | $4.3M | $1.8M | 20x | as long as short |
Hotstuff GOLD-PERP
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
GRVT XAU_USDT_Perp
Injective XAU/USDC PERP
StandX XAU-USD
Vest GC-PERP
QFEX GOLD-USD
tradeXYZ xyz:GOLD
Polymarket Perps GOLD-USDShow 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 | 4,303.5 | −0.060% | $15.0M | $55.8M | 25x | as long as short |
| Aster XAUUSD1 | +0.0052% | 4h | 4,308.6 | +0.059% | $73.4M | $271.9M | 20x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0056% | 1h | 4,303.9 | −0.051% | $2.0M | $5.1M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0061% | 8h | 4,306.2 | +0.003% | $2K | $13K | 5x | as long as short |
| Extended XAU-USD | +0.0064% | 1h | 4,303.4 | −0.063% | $13.1M | $36.2M | 25x | as long as short |
| Lighter XAU | +0.0080% | 1h | 4,306.2 | +0.003% | $20.3M | $28.9M | 25x | as long as short |
| Variational Omni XAU | +0.0089% | 4h | 4,305.9 | −0.005% | $46.6M | $29.2M | — | as long as short |
| Phoenix GOLDlong | +0.0095% | 1h | 4,306.1 | long leg | $42K | $86K | 25x | |
| Pacifica XAU | +0.0100% | 1h | 4,302.7 | −0.078% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,305.2 | −0.022% | $275K | $218K | 50x | as long as short |
| MEXC XAU_USDTshort | +0.0102% | 4h | 4,307.9 | +0.042% | $361.9M | $337.4M | 1000x | |
| Binance XAUUSDT | +0.0103% | 4h | 4,307.5 | +0.032% | $434.2M | $2.22B | 100x | as long as short |
| Lighter RH XAU | +0.0104% | 1h | 4,308.9 | +0.065% | $19.8M | $39.9M | 25x | as long as short |
| Aevo XAU-PERP | +0.0104% | 1h | 4,306.2 | +0.002% | $159K | $87 | 10x | as long as short |
| Kalshi KXGOLDPERP | +0.0109% | 24h | 4,309.8 | +0.086% | $3.7M | $46.5M | 15x | as long as short |
| edgeX XAUUSDC | +0.0111% | 4h | 4,306.8 | +0.015% | $30.0M | $61.5M | 50x | as long as short |
| Bybit XAUUSDT | +0.0117% | 4h | 4,308.4 | +0.053% | $77.5M | $157.3M | 150x | as long as short |
| RISEx XAU/USDC | +0.0126% | 1h | 4,307.1 | +0.023% | $4.4M | $13.1M | 25x | as long as short |
| Gate XAU_USDT | +0.0160% | 4h | 4,309.8 | +0.085% | $297.0M | $426.7M | 100x | as long as short |
| Bitget XAUUSDT | +0.0190% | 4h | 4,307.9 | +0.042% | $70.4M | $124.7M | 100x | as long as short |
| Bullet GOLD-USD | +0.0195% | 1h | 4,307.2 | +0.025% | $58K | $81K | 10x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0215% | 1h | 4,305.6 | −0.012% | $134K | $846K | 25x | as long as short |
| OKX XAU-USDT-SWAP | +0.0249% | 8h | 4,308.6 | +0.058% | $171.2M | $329.7M | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0328% | 1h | 4,305.2 | −0.022% | $573K | $138K | 25x | as long as short |
| BloFin XAU-USDT | +0.0369% | 4h | 4,307.1 | +0.023% | $16.2M | $5.0M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0466% / S −0.0314% | 1h | 4,307.6 | +0.035% | $255K | — | 111x | as long as short |
| Phemex XAUUSDT | +0.0527% | 4h | 4,310 | +0.091% | $2.2M | $955K | 100x | as long as short |
| HTX XAU-USDT | +0.1118% | 4h | 4,315.8 | +0.225% | $3.2M | $6.2M | 75x | as long as short |
| Bluefin GOLD-PERP | +0.4311% | 1h | 4,303.3 | −0.065% | $25K | $1K | 20x | as long as short |
Ondo Perps XAU-USD.P
Aster XAUUSD1
Coinbase International GOLD-PERP-INTX
Paradex XAU-USD-PERP
Extended XAU-USD
Lighter XAU
Variational Omni XAU
Pacifica XAU
ApeX Omni XAUUSDT
Binance XAUUSDT
Lighter RH XAU
Aevo XAU-PERP
Kalshi KXGOLDPERP
edgeX XAUUSDC
Bybit XAUUSDT
RISEx XAU/USDC
Gate XAU_USDT
Bitget XAUUSDT
Bullet GOLD-USD
Deribit GOLD_USDC-PERPETUAL
OKX XAU-USDT-SWAP
Kraken Futures PF_XAUUSD
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]
Phemex XAUUSDT
HTX XAU-USDT
Bluefin GOLD-PERP