XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0246%/8h= +26.9% APRnext payment +$1.23 per $10,000 · paid last 24h +0.120%

Price spread now: Phemex against Binance+0.123%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$760.756% of the position

Long on Binance Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.253%+$25 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.123%, 7d avg +0.034%

Together, before fees+0.230%+$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Phemex is 0.089% dearer against Binance than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XAUUSDT	4,327.7	0.0115	pay 0.0058% / 4h	2h 56m	$435.6M	$2.36B	100x
Short	Phemex XAUUSDT	4,333.1	0.0361	get 0.0181% / 4h	2h 56m	$2.2M	$961K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Binance. 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 BinancebpFee PhemexbpOrdersPrice spread, now +0.123%Rate

Funding earned: $51.65
Price spread: +0.123% → +0.034%: $8.89
Slippage, 4 orders: −$53.61
Fee Binance: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$15.07
Costs to cover: 0.756%
Break-even: 9.0 days

Slippage from Binance: live order book, 2 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 Binance live order book, 2 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	7.0 bp −$701	doesn't fit
Sell Phemex live order book, 2 min ago	0.87 bp	30.4 bp −$30	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
SunX XAU-USDT	0.0000%	4h	4,333.7	+0.137%	$92K	$6.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,330.7	+0.068%	$275K	—	250x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0024%	1h	4,327.4	−0.008%	$2.0M	$5.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.524%	$619	$54	52x	as long as short
QFEX GOLD-USD	+0.0038%	1h	4,326.9	−0.019%	$6.6M	$3.0M	20x	as long as short
Bluefin GOLD-PERP	+0.0039%	1h	4,323.5	−0.098%	$25K	$1K	20x	as long as short
StandX XAU-USD	+0.0040%	1h	4,332.7	+0.115%	$3.8M	$4.5M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,362.5	+0.803%	—	$1.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0048%	1h	4,326.2	−0.036%	$32K	—	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,324.3	−0.079%	$292.1M	$55.5M	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	4,323.6	−0.095%	$15.1M	$57.4M	25x	as long as short
RISEx XAU/USDC	+0.0056%	1h	4,329	+0.029%	$4.6M	$13.6M	25x	as long as short
Paradex XAU-USD-PERP	+0.0058%	8h	4,327	−0.018%	$2K	$13K	5x	as long as short
Aster XAUUSD1	+0.0059%	4h	4,328.8	+0.024%	$74.4M	$273.0M	20x	as long as short
Extended XAU-USD	+0.0080%	1h	4,323.6	−0.096%	$12.7M	$35.8M	25x	as long as short
Variational Omni XAU	+0.0093%	4h	4,332	+0.098%	$47.2M	$30.1M	—	as long as short
Phoenix GOLD	+0.0095%	1h	4,333.5	+0.133%	$43K	$67K	25x	as long as short
Lighter RH XAU	+0.0096%	1h	4,329.2	+0.034%	$19.8M	$38.5M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,323.7	−0.093%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,330	+0.052%	$284K	$232K	50x	as long as short
Lighter XAU	+0.0104%	1h	4,326.8	−0.021%	$20.2M	$29.3M	25x	as long as short
Gate XAU_USDT	+0.0104%	4h	4,329.7	+0.046%	$300.4M	$428.8M	100x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,328.7	+0.023%	$160K	$87	10x	as long as short
MEXC XAU_USDT	+0.0114%	4h	4,327.7	−0.001%	$353.4M	$347.9M	1000x	as long as short
Binance XAUUSDTlong	+0.0115%	4h	4,327.7	long leg	$435.6M	$2.36B	100x
Polymarket Perps GOLD-USD	+0.0120%	1h	4,328.9	+0.027%	$4.3M	$1.7M	20x	as long as short
Kalshi KXGOLDPERP	+0.0120%	24h	4,332.4	+0.108%	$3.5M	$48.6M	15x	as long as short
edgeX XAUUSDC	+0.0127%	4h	4,330.2	+0.056%	$30.3M	$64.9M	50x	as long as short
GRVT XAU_USDT_Perp	+0.0132%	4h	4,331.1	+0.079%	$1.4M	$3.0M	25x	as long as short
Bybit XAUUSDT	+0.0140%	4h	4,329	+0.030%	$81.7M	$170.1M	150x	as long as short
Bullet GOLD-USD	+0.0180%	1h	4,329.4	+0.038%	$58K	$77K	10x	as long as short
Bitget XAUUSDT	+0.0196%	4h	4,327.8	+0.002%	$72.0M	$132.6M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0212%	1h	4,327.6	−0.003%	$134K	$781K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0244%	8h	4,328.9	+0.027%	$171.2M	$355.0M	100x	as long as short
BloFin XAU-USDT	+0.0355%	4h	4,329.7	+0.045%	$16.2M	$5.5M	100x	as long as short
Phemex XAUUSDTshort	+0.0361%	4h	4,333.1	+0.123%	$2.2M	$961K	100x
Kraken Futures PF_XAUUSD	+0.0411%	1h	4,326.6	−0.026%	$582K	$150K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0466% / S −0.0313%	1h	4,332.8	+0.116%	$256K	—	111x	as long as short
HTX XAU-USDT	+0.1112%	4h	4,337.3	+0.222%	$3.2M	$7.0M	75x	as long as short