XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0263%/8h= +28.8% APRnext payment +$1.31 per $10,000 · paid last 24h +0.128%

Price spread now: Phemex against Aster−0.021%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$700.699% of the position

Long on Aster Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.263%+$26 on $10k

Price spread, last 4 days (all we have)+0.080%+$8 · spread now −0.021%, 7d avg +0.026%

Together, before fees+0.343%+ Points / potential airdropAster: Stage 5 · farm board+$34 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phemex is 0.046% cheaper against Aster than usual: you would sell low and buy high (spread −0.021% now, against its 7-day average of +0.026%). If the spread goes back, that is −$5 on $10k: about 14 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.263% in total) that is about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAUUSD1	4,325.5	0.0066	pay 0.0033% / 4h	1h 26m	$72.5M	$277.4M	20x
Short	Phemex XAUUSDT	4,324.6	0.0329	get 0.0165% / 4h	1h 26m	$2.2M	$967K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Aster. 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 AsterbpFee PhemexbpOrdersPrice spread, now −0.021%Rate

Funding earned: $55.18
Price spread: −0.021% → +0.026%: −$4.65
Slippage, 4 orders: −$49.87
Fee Aster: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$19.35
Costs to cover: 0.699%
Break-even: 9.5 days

Slippage from Aster: live order book, 3 min ago; Phemex: live order book, 2 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 Aster live order book, 3 min ago	0.01 bp	4.1 bp −$4	5.4 bp −$54	21.9 bp −$2,190	doesn't fit
Sell Phemex live order book, 2 min ago	1.89 bp	27.6 bp −$28	doesn't fit	doesn't fit	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
Bluefin GOLD-PERP	−0.0093%	1h	4,317.2	−0.192%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,328.3	+0.065%	$92K	$7.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,319.1	−0.148%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0009%	4h	4,324.9	−0.014%	$77.4M	$154.9M	150x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.576%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,323.4	−0.049%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,322	−0.081%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,356.2	+0.710%	—	$1.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0048%	1h	4,319.4	−0.141%	$32K	—	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,320.2	−0.123%	$291.5M	$51.5M	25x	as long as short

Show 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	4,319.7	−0.134%	$15.0M	$55.5M	25x	as long as short
Lighter XAU	+0.0064%	1h	4,323.2	−0.054%	$20.3M	$30.5M	25x	as long as short
Aster XAUUSD1long	+0.0066%	4h	4,325.5	long leg	$72.5M	$277.4M	20x
Extended XAU-USD	+0.0072%	1h	4,319.8	−0.132%	$12.9M	$36.9M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,321.2	−0.100%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0075%	8h	4,323.1	−0.057%	$2K	$13K	5x	as long as short
Kalshi KXGOLDPERP	+0.0076%	24h	4,324.6	−0.021%	$3.8M	$43.7M	15x	as long as short
GRVT XAU_USDT_Perp	+0.0080%	4h	4,323	−0.057%	$1.4M	$3.0M	25x	as long as short
Variational Omni XAU	+0.0090%	4h	4,322.5	−0.069%	$47.4M	$28.8M	—	as long as short
MEXC XAU_USDT	+0.0096%	4h	4,323.9	−0.038%	$362.2M	$330.9M	1000x	as long as short
Binance XAUUSDT	+0.0096%	4h	4,323.8	−0.038%	$417.3M	$2.13B	100x	as long as short
Phoenix GOLD	+0.0100%	1h	4,319.8	−0.132%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,320	−0.128%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,319.9	−0.129%	$272K	$208K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,322.8	−0.064%	$160K	$87	10x	as long as short
Gate XAU_USDT	+0.0106%	4h	4,326.1	+0.015%	$281.0M	$418.0M	100x	as long as short
edgeX XAUUSDC	+0.0111%	4h	4,318.4	−0.164%	$30.0M	$59.4M	50x	as long as short
Lighter RH XAU	+0.0112%	1h	4,325.7	+0.004%	$19.9M	$38.8M	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0153%	1h	4,320.5	−0.115%	$585K	$135K	25x	as long as short
Bullet GOLD-USD	+0.0177%	1h	4,323.5	−0.047%	$59K	$82K	10x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,326.3	+0.019%	$4.1M	$12.8M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0209%	1h	4,324	−0.035%	$4.3M	$1.9M	20x	as long as short
Bitget XAUUSDT	+0.0222%	4h	4,324	−0.035%	$67.8M	$118.0M	100x	as long as short
HTX XAU-USDT	+0.0246%	4h	4,328.2	+0.061%	$2.8M	$4.9M	75x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0282%	1h	4,321.9	−0.083%	$192K	$836K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0305%	8h	4,324.3	−0.028%	$171.7M	$298.2M	100x	as long as short
Phemex XAUUSDTshort	+0.0329%	4h	4,324.6	−0.021%	$2.2M	$967K	100x
BloFin XAU-USDT	+0.0336%	4h	4,323	−0.057%	$16.1M	$4.6M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,323.5	−0.047%	$252K	—	111x	as long as short