XAU

Alert

Funding spread now, next payment 17:00 UTC+0.0006%/8h

paid, last 24h+0.007%paid, last 3 days−0.202%to open and closeno order book

Long on Phoenix Short on Variational Omni

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix GOLD	4,346.4	0.0101	pay 0.0013% / 1h	43m 55s	$43K	$65K	25x
Short	Variational Omni XAU	4,350.1	0.0107	get 0.0054% / 4h	2h 43m	$48.0M	$41.0M	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee Variational OmnibpOrdersRate

Funding earned: $1.23
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$5.77
Break-even: 39.9 days

Slippage unknown: Phoenix: no order-book sample; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.086%
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 Variational Omni RFQ quote, 2 min ago	1.55 bp	doesn't fit	1.6 bp −$16	4.0 bp −$401	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	$13.0M	25x	as long as short
Hotstuff GOLD-PERP	0.0000%	1h	$33K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	$93K	$11.2M	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	+0.0018%	4h	$274.2M	$389.5M	100x	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	$2.3M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	—	$974K	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	$294.5M	$60.6M	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	$14.7M	$46.7M	25x	as long as short
Extended XAU-USD	+0.0056%	1h	$13.3M	$52.1M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	$2.0M	$5.1M	25x	as long as short
Kalshi KXGOLDPERP	+0.0058%	24h	$4.2M	$30.2M	15x	as long as short
Paradex XAU-USD-PERP	+0.0064%	8h	$19K	$6K	5x	as long as short
Lighter XAU	+0.0080%	1h	$20.6M	$44.4M	25x	as long as short
Aster XAUUSD1	+0.0099%	4h	$69.4M	$239.9M	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
Bluefin GOLD-PERP	+0.0100%	1h	$26K	$23K	20x	as long as short
Phoenix GOLDlong	+0.0101%	1h	$43K	$65K	25x
Bullet GOLD-USD	+0.0104%	1h	$59K	$77K	10x	as long as short
Variational Omni XAUshort	+0.0107%	4h	$48.0M	$41.0M	—
Bybit XAUUSDT	+0.0112%	4h	$83.2M	$134.6M	150x	as long as short
Aevo XAU-PERP	+0.0112%	1h	$161K	$87	10x	as long as short
Polymarket Perps GOLD-USD	+0.0118%	1h	$4.2M	$2.0M	20x	as long as short
MEXC XAU_USDT	+0.0126%	4h	$372.5M	$357.0M	1000x	as long as short
Binance XAUUSDT	+0.0127%	4h	$419.6M	$2.04B	100x	as long as short
edgeX XAUUSDC	+0.0137%	4h	$30.3M	$56.5M	50x	as long as short
Lighter RH XAU	+0.0144%	1h	$20.0M	$41.1M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0210%	1h	$214K	$981K	25x	as long as short
Phemex XAUUSDT	+0.0222%	4h	$2.2M	$1.0M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0237%	8h	$156.7M	$262.5M	100x	as long as short
Bitget XAUUSDT	+0.0238%	4h	$69.4M	$105.1M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0252%	1h	$587K	$110K	25x	as long as short
HTX XAU-USDT	+0.0280%	4h	$2.4M	$2.4M	75x	as long as short
BloFin XAU-USDT	+0.0366%	4h	$14.9M	$4.2M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0375% / S −0.0194%	1h	$221K	—	111x	as long as short